Aave founder increases holdings by 32,700 AAVE, worth approximately $5.17 million
Foresight News reported that, according to Ember monitoring, Aave founder Stani Kulechov withdrew 1,699 ETH (approximately $5.17 million) from an exchange 7 hours ago, and subsequently purchased 32,658 AAVE on-chain at an average price of $158.
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Deutsche Bank: After the three major central banks hiked rates simultaneously, the market may once again underestimate the terminal interest rate
Deutsche Bank points out that as central banks in the US, Europe, and Japan are tightening policy simultaneously, the market may still be underpricing the eventual terminal rates. With oil prices remaining high, inflation may spill over into core inflation and wages. Moreover, financial conditions have not tightened in tandem, which could weaken the effect of rate hikes. Citing the experience of 2022, Deutsche Bank notes that the market then expected a total of around 200 basis points of Fed rate hikes in the first year, but the final figure exceeded 400 basis points, illustrating that the market often underestimates the terminal rate.
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