On the Margin Newsletter: Pulse check on the STIR market

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Welcome to the On the Margin Newsletter, brought to you by Ben Strack, Felix Jauvin and Casey Wagner. Here’s what you’ll find in today’s edition:

A pulse check on short-term interest rates and where we stand now. 
Ether ETFs hit the market today. Find out what we’re watching for.
Kamala Harris is close to securing the official Democratic nomination. Where do her top VP picks stand on crypto? 

Monetary plumbing deep dive

The monetary plumbing network, often referred to as short-term interest rates (STIR), is the…

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Lightspeed Newsletter: The lifecycle of a Solana transaction

Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter.

Howdy!

I am touching grass today, so Jeffrey is stepping in with the story of how transactions make it to the blockchain.

It’s admittedly a little funny that all this complex infrastructure predominantly helps degens buy memecoins. It reminds me a bit of how liquor goes through a whole long distillation process just to get diluted by cranberry juice or coke. But I digress: 

The lifecycle of a Solana transaction

Solana tends to be so fast and efficient that transactions can feel instantaneous. But there’s actually a lot more…

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