US Debt Crisis and Fed Chair Powell Test Buyer Appetite It was a quiet Friday afternoon session, with no US economic indicators for investors to cons
US Debt Crisis and Fed Chair Powell Test Buyer Appetite
It was a quiet Friday afternoon session, with no US economic indicators for investors to consider. The lack of stats left Fed chatter and US debt ceiling-related news to influence.
Fed Chair Powell eased bets of a June interest rate hike, saying rates may not need to rise as high as previously anticipated to tame inflation. Powell added that tighter credit conditions allow the Fed to take its foot off the gas.
However, the news of debt ceiling talks hitting a wall weighed on investor sentiment.
Input Output HK (IOHK) released the Weekly Development Report on Friday. An upswing in projects was modest, however.
According to the May 19 report,
- 127 projects launched on the Cardano network, up by one from May 12.
- Projects building on the Cardano network totaled 1,242, rising by two from the previous report.
- Plutus V2 scripts totaled 2,501. As of May 12, Plutus V2 scripts stood at 2,463.
Before the Vasil hard fork, the number of projects launched on Cardano had stood at 98, with 1,100 projects building on the Cardano network.
Other stats included 66.7 million transactions (Previous Report: 66.3m), 8.28 million native tokens (PR: 8.24 million), and 73,880 token policies (PR: 73,114).
Network updates included,
- First manual compatible Hydra node released.
- New projects presented during the Project Catalyst town hall.
While the IOHK Weekly Update drew interest, Cardano Founder Charles Hoskinson was also in the spotlight.
On Friday, the Cardano Founder shared his views on the Ledger controversy, saying,
“Don’t break social contracts.”
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