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15:11
Polkadot plans to implement an economic model reform starting March 12, with the total supply of DOT to be capped at 2.1 billion.
Foresight News reports that Polkadot will implement a series of economic architecture adjustments starting March 12, 2026. The core of this reform includes: setting the maximum supply of DOT at 2.1 billions; introducing a Dynamic Allocation Pool (DAP) to replace the original treasury burn mechanism, with transaction fees, Coretime sales revenue, and slashed funds deposited into a permanent account for dynamic budget allocation; issuing 13.14% of the remaining supply every two years, with the first phase issuance reduced by 53.6% compared to the current model. In addition, the staking mechanism will undergo major updates: from mid to late March, validators must hold at least 10,000 DOT in slashable self-stake and set a minimum commission rate of 10%; starting in April, nominators will become non-slashable, and the unbonding period will be significantly shortened from 28 days to 24 to 48 hours.
15:06
USD/JPY intraday gains reach 1.0%, quoted at 157.62
After the release of the US ISM manufacturing data, the yield on 5-10 year US Treasury bonds expanded by 10 basis points.
15:05
Uzbekistan halts gold exports, resumption date undecided
PANews reported on March 2 that Uzbekistan, one of the world's largest gold producers, has begun stockpiling its mined gold as global geopolitical turmoil has driven gold prices to record highs. According to data released by the National Statistics Committee on Monday, the country mines about 130 tons of gold annually, but did not export any non-monetary gold in January, continuing the halt in sales that began at the end of last year. In fact, Uzbekistan stopped exporting gold after September. There were no export records from November to January, and shipments in October were minimal. When asked about the possible resumption of exports, a representative from the Central Bank of Uzbekistan stated in an email that decisions regarding gold operations are based on "a comprehensive assessment of global market conditions, precious metal price trends, and the current macroeconomic situation." He said it is not possible to determine in advance when gold exports might resume. Uzbekistan's policy may indicate that authorities believe prices could rise further.
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