RT New Change FX (@NewchangeFX)New Change FX is proud to announce the launch of its 24x7 FX from Crypto Feed, delivering continuous FX insight via API and on 70+ blockchains through @chainlink. Covers 14 fiat currencies.Read More: https://t.co/KBQ5qdayKo#FX #MarketData #Crypto https://t.co/YRYsSqzugA ...

FX has long been constrained by prefunding, cut-off times, and fragmented venues.StableFX brings currency conversion onchain with familiar RFQ execution and always-on settlement using stablecoins.In 2025, FX began to operate with the speed and flexibility of the internet. https://t.co/RxxFH8ENS5 ...

⚡️UPDATE: Velo teams up with WLFI to bring USD1 into its ecosystem for payments, FX, and digital assets. https://t.co/3mYN3WMDBx ...

Market Overview - FX (Foreign Exchange) is identified as the world's largest market [1] - The FX market is characterized as one of the least modernized markets [1] Product/Service Offering - Circle StableFX is introduced as an institutional-grade stablecoin FX engine [1] - Circle StableFX combines RFQ (Request for Quote) execution with onchain settlement [1] - Circle StableFX is currently available on @Arc Testnet [1]

Blockchain Adoption by Ford - Ford believes blockchains need to sustain global capital markets demand over the next 5 years [1] - Ford is evaluating whether blockchains can handle the total daily transaction volume of global capital markets [1] Global Capital Market Transaction Volume - Total daily transaction volume in global capital markets ranges from approximately 400 million to 700 million, with peaks near 1 billion [1] - Equities account for 120 million to 150 million trades per day [3] - Bonds account for 8 million to 10 million trades per day [3] - Mortgage-backed securities (MBS) account for over 1 million trades per day [3] - Derivatives account for 60 million to 100 million contracts per day [3] - Foreign exchange (FX) accounts for 250 million to 500 million transactions per day [3] Solana's Capacity - Solana currently handles 65,000 transactions per second (TPS) with sub-second finality [2] - Solana has a capacity of over 56 billion transactions per day [2] - Solana's capacity is sufficient to settle all global capital market flows currently [2]

LINK Hits 7-Month High (Here's Why)LINK recently hit a seven-month high, capping a ~42% weekly surge.The rally was fueled by two major catalysts...1. A partnership with Intercontinental Exchange, parent of the NYSE, to bring FX and precious metals pricing on-chain.2. The launch of the Chainlink Reserve, a token buyback program converting service revenues into LINK.Source: Coindesk ...

Partnerships & Integrations - ICE (洲际交易所) 与 Chainlink 合作，为 2000 多个应用程序提供机构级别的外汇和贵金属汇率数据 [1] Data & Technology - Chainlink 将为 ICE 提供外汇和贵金属数据 [1]

Partnerships & Integrations - ICE (Intercontinental Exchange) 与 Chainlink 合作，为 2000 多个应用程序提供机构级别的外汇和贵金属汇率数据 [1] Data & Technology - 该合作旨在提供机构级别的外汇和贵金属数据 [1]

Partnerships & Integrations - ICE 与 Chainlink 合作，向 2000 多个应用程序提供机构级别的外汇和贵金属汇率数据 [1] Data & Technology - 提供机构级别的外汇和贵金属汇率数据 [1]

Summary of Key Points from the Conference Call Industry Overview - **Global Macro Outlook**: The conference call discusses the macroeconomic outlook, focusing on US rates, international rates, commodities, currencies, and emerging markets [3][4][5][6][7]. Key Insights US Rates - **Positioning Strategy**: The recommendation is to hold 5s20s steepeners as a low-beta strategy to benefit from lower front-end yields. Anticipation of a multi-quarter series of coupon auction size increases starting in May 2026 is noted [3][14]. - **Net T-Bill Issuance**: A projection of $587 billion in net T-bill issuance for the current quarter is made, as the Treasury aims to rebuild the Treasury General Account (TGA) following the passage of the OBBBA [3][23]. International Rates - **Market Volatility**: Developed market (DM) rates have experienced choppy trading, with a bearish repricing following the July ECB meeting and a rally after the latest US payrolls [4]. Commodities - **Russian Oil Exports**: The Trump Administration has warned that India and China may face penalties for purchasing Russian oil, potentially affecting 2.75 million barrels per day (mbd) of Russian seaborne oil exports. Russia may redirect 0.8 mbd to countries like Egypt and Malaysia [8][89]. - **Natural Gas Market**: US natural gas production is impacting market sentiment, with skepticism about the $750 billion energy purchases in the EU-US deal being deemed overly optimistic [90]. Currencies - **Dollar Positioning**: Pre-payroll price actions indicate a significant unwinding of dollar shorts. The bearish view on the dollar remains intact, with US data moderation being a key factor [6][56][57]. - **EUR/USD Outlook**: The bullish view on EUR/USD is supported by US economic moderation and currency hedge rebalancing. The fair value of EUR/USD has increased as US real yields have declined [59][76]. Emerging Markets - **Investment Strategy**: A cautious approach is recommended for emerging markets (EM), with a light set of recommendations favoring holding market weight (MW) in EM FX, EM rates, and EM corporate credit, while staying underweight (UW) in EM sovereign credit [9][110]. - **Market Conditions**: The EM FX risk appetite signals that the market is overbought, suggesting a potential correction [111]. Additional Important Points - **Treasury Funding**: The Treasury is well-funded through FY25, but a significant funding gap is expected to emerge in FY26, necessitating coupon size increases starting in May 2026 [20][21]. - **Trade Uncertainty in Agriculture**: Trade uncertainty is reaching a tipping point in agricultural markets, with volatility across ags markets at multi-year lows [103][105]. - **Gold Market**: Gold prices are awaiting a demand catalyst, with ETF inflows being crucial for a breakout, particularly in light of anticipated Fed cuts [98][102]. This summary encapsulates the critical insights and projections discussed during the conference call, providing a comprehensive overview of the current macroeconomic landscape and investment strategies.