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    The myth of deglobalisation hides the real shifts

    $75 per monthComplete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print edition More

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    Unveiling Polynomial Trade 2.0: The future of Decentralized Leverage Trading

    Polynomial, a pioneering force in decentralized finance (DeFi), has announced the launch of Trade 2.0, its next-generation decentralized leverage trading platform. Designed to set new standards in the DeFi landscape, Trade 2.0 brings cutting-edge features and unmatched capital efficiency to traders worldwide.Revolutionizing Trading with Trade 2.0Trade 2.0 is engineered to deliver an unparalleled trading experience, featuring innovations that make trading more accessible, cost-effective, and powerful:A Proven Track Record: $4.7 Billion in Volume and Growing.Since their initial launch in March last year, Polynomial has facilitated over $4.7 billion in trading volume across more than 100 markets. The community’s feedback has been instrumental in shaping Trade 2.0, ensuring it meets the demands of both novice and experienced traders alike.Expanded Market Access: ETH, BTC, and SOL Now LiveTrade 2.0 launches with active markets for ETH, BTC, and SOL, with more assets to be added in the coming weeks. This expansion provides traders with greater opportunities to diversify and enhance their trading strategies.Earning Rewards with Every TradeTrade 2.0 introduces a new rewards system where 1,000,000 trading points are distributed daily among users. Rewards are allocated based on trading volume, OI rebalancing activities and [redacted], allowing traders to boost their potential earnings and reinvest in their strategies.Powered by Polynomial SuperchainAt the heart of Trade 2.0 is the Polynomial Derivatives Superchain, a layer-2 solution that ensures lightning-fast transactions and scalable trading. This robust infrastructure empowers traders to hedge portfolios, offset on-chain exposure, and respond swiftly to market changes.Polynomial Trade 2.0 combines the benefits of multiple rollups, offering unparalleled speed, security, and scalability. The platform is developed alongside key partners such as Socket, Zerodev, Alchemy, and Pyth, whose expertise has been instrumental in bringing this advanced trading solution to life.Explore the Future of Trading TodayPolynomial Chain is more than just a platform; it’s a movement towards a decentralized, efficient, and liquid financial ecosystem. Users can join as they lead the charge in reshaping the future of derivatives trading. For more details, users can visit Polynomial and be part of the future of finance.About PolynomialPolynomial is dedicated to building the next generation of decentralized financial tools. Their mission is to create a more accessible, efficient, and liquid DeFi ecosystem by bridging the gap between decentralized and centralized exchanges.For more inquiries, users can contact:Email: [email protected]: http://polynomial.fi/Twitter: https://twitter.com/PolynomialFiDiscord: https://discord.com/invite/polynomialContactCo-founderGauthamPolynomial [email protected] article was originally published on Chainwire More

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    Bank of Japan governor warns global markets are ‘unstable’

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    Sweet Norwegian rate release coming, according to Goldman Sachs

    $75 per monthComplete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print edition More

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    Investors’ expectations for European inflation fall to lowest since 2022

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    The foreign powers competing to win influence in Africa

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    Australia Treasurer amends RBA reforms after opposition objections

    SYDNEY (Reuters) -Australia Treasurer Jim Chalmers said on Friday he was prepared to amend some proposed reforms of the Reserve Bank of Australia after objections from the opposition coalition led by the Liberal Party. An independent review of the central bank last year made a number of recommendations, including the splitting of the RBA board into two, one to set monetary policy and a second focusing on operations. The review had recommended setting up a nine-member rate board with six outside members, which the opposition said could be used by the ruling Labor Party to include appointees friendly towards the current government.Chalmers said he was now prepared to move all six current external members of the RBA board to the new rate-setting board unless they request not to, after negotiations with Shadow Treasurer Angus Taylor. Chalmers said he would also amend a proposal to remove the government’s veto power of the RBA, allowing it to do so only in emergency situations. “I want these changes to be above and beyond partisan politics. I want them to be bipartisan, and that’s what’s driven me at every stage,” Chalmers told a press conference on Friday. A number of other smaller issues were being worked through with Taylor, Chalmers said.The RBA has already adopted some of the recommendations from the review, including having fewer but longer policy meetings and holding a media conference after each decision. However, it is undecided on others, including having all board members making regular appearances to discuss their thinking on policy.Legislation on the RBA boards’ composition was due to come into effect on July 1 but has been delayed due to lack of support from the opposition. Chalmers said he hoped to legislate the changes through parliament by the end of the year, to take effect early next year. More

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    BOJ’s Ueda signals readiness to raise rates if growth, inflation on track

    (Reuters) -Bank of Japan Governor Kazuo Ueda said on Friday the central bank stood ready to raise interest rates if the economy and prices move in line with its forecast, while keeping a close eye on market developments.Ueda said the BOJ would remain vigilant to market moves and their impact on the central bank’s growth and price forecasts, as well as its view on risks.While watching the fallout from recent market volatility, Ueda said there was “no change to our basic stance to adjust the degree of monetary easing” if the bank became convinced that economic and price developments were moving in line with forecasts.Ueda said the market volatility seen in early August was due to rising fears of a U.S. recession, stoked by the country’s weak economic data, while the BOJ’s interest rate hike in July led to a sharp reversal of “one-sided yen falls”.”Markets at home and abroad remain unstable, so we will be highly vigilant to market developments for the time being,” Ueda said in parliament, where he was summoned to explain the BOJ’s decision in July to raise interest rates. More