News

On March 26, Morgan Stanley stated that the US dollar is expected to weaken as the interest rate differential between the United States and Europe gradually narrows, and as the Iran war suppresses economic growth. The dollar, which has been strengthening since the joint US-Israel attack on Iran on February 28, has benefited from its safe-haven status and its position as the currency of the world's largest energy producer. The index measuring the dollar's performance against a basket of currencies has risen 2% since the conflict began, reaching its highest level since December last year on Monday. Meanwhile, both the euro and the Japanese yen have fallen by more than 2% during the conflict, as both countries are highly dependent on energy supplies from the Middle East. Morgan Stanley believes that the Federal Reserve may overlook "temporary inflation shocks" and focus on growth, anticipating two interest rate cuts this year. In Europe, strategists expect the European Central Bank to raise rates by 50 basis points "to combat inflation." They stated, "The interest rate trajectory is likely to be unfavorable for the dollar, both in absolute terms and relative to market pricing." Morgan Stanley's view aligns with that of Citadel Securities, which stated earlier this week that investors are beginning to shift their focus from the initial inflation shock to its impact on global economic growth.

PANews March 26th news, according to SolanaFloor, Solana's core development team Anza has launched the Constellation protocol. This protocol is a multi-concurrent proposer protocol that shortens Solana's block cycle to 50 milliseconds, making it the fastest economic cadence at the protocol layer among blockchains. The protocol replaces the single leader model and eliminates exclusive control over transaction inclusion and ordering through concurrent proposers. It enforces fairness at the protocol layer without relying on trusted third parties or client modification, and the validator economic model remains largely unchanged.

PANews reported on March 26 that CryptoQuant analyzed on the X platform that Bitcoin treasury demand is now entirely driven by Strategy. In the past 30 days, Strategy bought 45,000 Bitcoins, while other companies together purchased only about 1,000, a decrease of 99% compared to previous periods. Currently, Strategy holds about 76% of the Bitcoin treasury share, indicating a highly concentrated industry and a lack of widespread corporate demand.