News

Vitalik Buterin retweeted a technical update showing that Ethereum L1 has completed the dynamic adjustment of the block Gas limit, increasing it from 30M to 36M. This adjustment was driven by validator consensus, and currently, 49.5% of validators have adopted the new parameters. This upgrade increases the transaction processing capacity of the L1 network by 20%, and is expected to reduce transaction costs by 10% to 30%.

The median expectation for annual inflation in the United States has risen to its highest level since November 2023, wrote Ruben Gagalac Abegs, assistant economist at Capital Economics. "This adds another reason for the Federal Reserve to remain cautious and pause the easing cycle for a while." Higher inflation expectations are not the only inflation headwind currently faced by the Fed. Wage growth in January continued to exceed expectations, which could push up inflation in the service sector. Economists expect that Fed officials will keep interest rates unchanged at their policy meeting on March 18-19, and may even extend the pause in rate cuts until their June meeting.