The market capitalization now sits around $500 million, well below the $22 billion for the leading decentralized exchange Uniswap’s UNI token but still enough to turn heads.
Some analysts have attributed the recent success of the Serum project and Solana blockchain to their association with Bankman-Fried, who garnered headlines recently for his $135 million deal to name the basketball team Miami Heat’s home arena after the FTX exchange.
Earlier this month, Alameda Research led investors in a $2 million fundraising round for Step Finance, a trading dashboard born out of a Solana-focused hackathon.
A key talking point on Serum is that it provides a user experience similar to what traders see on big centralized cryptocurrency exchanges.
A central limit order book is possible on Solana partly because of its high scalability, supporting 50,000 transactions per second .
Danny Kim, head of revenue at crypto prime dealer SFOX, said serum’s recent price gains may also be the result of excitement over Step Finance, which offers up to 3,500% annual percentage rate on deposits of its STEP tokens.
Automated market makers “have grown in popularity on Ethereum primarily because they make it easy for yield and risk-insensitive asset owners to provide liquidity to the market,” Yakovenko wrote.
It’s still wait-and-see whether Serum will eventually pose any real threats to popular DEXs on Ethereum and BSC.
Analysts said the chip shortage is getting worse as Ford also reduced its full-year earnings before interest and taxes outlook even after handily beating Wall Street’s profit estimate for the first quarter, helped by pricing gains.
Even if just one materializes, copper will account for 15-20% of the company’s total output by the end of the decade, he said.“I’m pretty excited about having good exposure to copper at that time when the world is going through the energy transition,” Palmer said on an interview with Bloomberg TV following the earnings call.
Tesla made up 9.7% of the Ark Innovation ETF as of Thursday, down from 10.9% a month ago, with a net sale of about 252,000 shares over that period, according to portfolio listings on the website of fund manager Ark Invest.
As one of Europe’s longest-serving bank CEOs, he has received plaudits for bringing Lloyds back from the brink in 2011, when in an interview this month he said it was “about to die” after having to be bailed out during the financial crisis.
It warns in the draft that it could cancel government contracts granted to firms that gain an unfair advantage from such subsidies.European officials are seeking the power to inspect companies’ offices outside of Europe, with the permission of the company and the knowledge of the foreign state, according to the draft.Regulators suggest ways that companies could allay concerns over subsidies, including granting rivals access to infrastructure, licensing on fair terms or publishing research.
The pan-European bourse said on Thursday it would move its data centre from Basildon, a town east of London, to Bergamo near the Italian financial capital of Milan in the second quarter of 2022.
The move by the four regulators is part of widening efforts by Beijing to rein in the country’s massive internet “platform economy,” which includes an ongoing antitrust clampdown backed by President Xi Jinping.
The Biden administration faces a major dilemma in its dispute with the European Union over Trump-era steel and aluminum tariffs: back down to avoid acute pain for Harley-Davidson Inc and whiskey distillers or stick with the duties even though they are now exacerbating acute shortages for U.S.
The tariffs followed a raft of measures barring Australian imports from coal and copper to barley last year.The slump in China was too steep to compensate for increased shipments from Australia to the U.K., Germany and New Zealand: The value of Australia’s total wine exports fell 4% to A$2.77 billion in the year ended March.Duties on Treasury Wine Estates Ltd., the Australian winemaker best known for its Penfolds brand, were set at 175.6%.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.