Japanese investors' record net sale of $17.2bn in US corporate bonds in August raised concerns among credit managers, signaling a potential shift in the market. Rising government bond yields in Japan may prompt investors to repatriate funds, impacting global market liquidity and increasing volatility.
Meanwhile, China is also reducing its holdings of US Treasuries to the lowest level in 14 years. This could lead to higher borrowing costs for US corporations, adding pressure to an already challenging financing environment.
Ethereum Transfer Costs Escalate by 219% in Less Than a Month
Overall the last three weeks, the transaction costs for bitcoin (BTC) have climbed sharply, reaching a peak of $15 per transfer just three days ago. Similarly, the cost to transfer ethereum (ETH) has jumped significantly. In the span from October 22 to November 12, 2023, the average fee for ethereum transactions soared by 219%, increasing from $2.08 to $6.64 per transaction.The spike in ethereum (ETH) fees mirrors the uptrend seen in bitcoinâs transaction fees, as the expense associated with the gas required for transferring the digital currency has escalated in this period. At present, the average fee for an ether transaction stands at $6.64, with the median fee at 0.0013 ETH, or $2.70 per transaction.Interestingly, the cost to transfer ether aligns closely with bitcoinâs transfer fees, with both average and median charges for ETH transactions paralleling those for bitcoin. However, a distinct variance emerges when conducting other types of operations on the Ethereum blockchain, such as engaging with a smart contract.
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