Off-Chain, as the term suggests, pertains to blockchain transactions that are executed outside the blockchain itself.

An offer signifies a trader's intention to buy an asset or financial instrument from another trader or institution. The price linked to this offer is commonly known as the “ask” price.

The offered market describes a scenario where the quantity of offers surpasses the number of bids. This suggests a market environment where sellers are more active than buyers, which may create downward pressure on prices.

Oil is a resource utilized for power and energy to operate the various machines that humans rely on. It is commonly known as petroleum. Its significance for consumers is evident, as they rely on oil for their daily activities.

Olaf Scholz is a German politician who has been a significant figure in the Social Democratic Party of Germany (SPD). Born on June 14, 1958, Scholz has occupied various political roles throughout his career, including serving as the Mayor of Hamburg and the Federal Minister of Finance.

“Old Lady” is a casual term used to refer to the Bank of England, the central bank of the United Kingdom.