News

News on March 24, Solana co-founder Anatoly Yakovenko responded to a user's view that "there is no reason to build L1, L2 can be faster, cheaper and safer" by saying, "There is no reason to build L2, L1 can be faster, cheaper and safer. They will not slow down due to the slow movement of the L1 data availability stack nor need to compromise security through complex fraud proofs and upgrading multiple signatures."

ChainCatcher News, last week's dovish remarks from the Federal Reserve and Trump's flexible stance on reciprocal tariff plans boosted confidence in U.S. stocks. The three major indices collectively closed higher after significant fluctuations: the Dow Jones rose by 1.2%, marking its largest weekly increase in over two months; the S&P 500 rose by 0.51%, ending a four-week decline; and the Nasdaq slightly increased by 0.17%, stopping a previous four-week drop. However, large tech stocks generally fell for the week, with Nvidia down 3.26% and Tesla down 0.53%, falling for nine consecutive weeks. The cryptocurrency market was volatile but overall mildly bullish. Bitcoin rebounded after dipping near $81,000 on Tuesday, surged above $87,000 on Thursday under the push of dovish Fed comments - a half-month high - then basically fluctuated around $84,000 area . This morning it welcomed another rapid rise to $85,721 before press time , up about 3.18% over nearly seven days . Other mainstream tokens were mostly slightly bullish; Ethereum is striving to stabilize at $2000 while BNB chain meme craze continues to attract attention as signs of market warming become increasingly apparent and investor sentiment improves. In terms of foreign exchange commodities ,the dollar index rose by 0.34% last week for its first weekly gain this month.The conflict between Russia and Ukraine along with ongoing tensions in Middle East led oil prices to surge more than 2% for two consecutive weeks.Spot gold also accumulated an increase of about1 .31 %over last week,making it three straight weeks of gains . Last week,the Federal Reserve maintained interest rates unchanged which met market expectations.Guidance for rate cuts within year remains at twice,and Powell's comments brought some comfort to markets.This week,the focus will be on PCE price index,Fed's most favored inflation indicator,which will be announced on Friday.In addition,as the "tariff deadline" of April 2nd approaches,the uncertainty keeps market cautious.However,once the tariff outlook becomes clearer,the market turbulence that has lasted for several weeks may subside.