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Converge @Arbitrum Announcements Official

Arbitrum Announcements Official | United States America (US)

Create: 2025-04-17 Update: 2025-07-22 05:05:11

Converge, the next Arbitrum chain.

Built by Ethena labs and Securitize, Converge chain will serve as the settlement layer for onchain finance & RWAs w/ Celestia underneath.

$7b in dollarized asset liquidity such as USDe and Blackrock BUIDL will be ready to flow into DeFi.

Read about it here 🙂

https://x.com/arbitrum/status/1912854096991617281

Arbitrum Announcements Official

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Arbitrum Announcements Official

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Spiking bond yields driving sharp losses in tech stocks

A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year. A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.

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