I’m delighted that Alaa Abd El-Fattah is back in the UK and has been reunited with his loved ones, who must be feeling profound relief. I want to pay tribute to Alaa’s family, and to all those that have worked and campaigned for this moment. Alaa's case has been a top priority for my government since we came to office. I’m grateful to President Sisi for his decision to grant the pardon.

DeFi has always run on variable rates. In theory it sounds fine borrow when rates are cheap, repay when they’re expensive, let supply and demand do its thing. In practice it’s far messier. It gets especially bad once you’re running a levered loop. Small rate moves can flip a trade from profitable to losing and force you to unwind at the worst time. Some interesting insights from @euler_mab at Euler on why fixed rates are only really becoming viable now, and what that changes. @RiskTakers000 @crypto_banter @Banter_Clips