The Federal Reserve's Williams said that despite volatility, inflation has declined fairly steadily; economic activity is broadly balanced; and the latest data is consistent with recent trends.
EVM-compatible blockchain network Monad has announced that it is about to launch a testnet and will enter into a partnership with Backpack on the first day of the testnet launch. Previously reported that in February 2023, Monad Labs completed a $19 million seed round of financing, led by Dragonfly Capital. In April 2024, Monad Labs completed a $225 million financing, led by Paradigm.