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5 US Economic Events That Could Impact Crypto Market This Week
Crypto markets are closely monitoring key US economic data this week to assess the health of the nation’s economy. As the year-end approaches, critical labor market reports — closely watched by the Federal Reserve—are on the calendar. Given the potential impact on portfolios, traders may adjust their strategies around these upcoming events. ISM Manufacturing The Institute of Supply Management (ISM) will release the November ISM Manufacturing data on Monday, December 2, marking the first business day of the month. This index, also called the purchasing managers’ index (PMI), offers a monthly snapshot of US economic activity. It is derived from...
Vitalik Buterin Unveils Roadmap for Ethereum Layer-2 Interoperability
TLDR Vitalik Buterin has outlined a plan for cross-chain interoperability between Ethereum layer-2 networks The plan includes several Ethereum Improvement Proposals (EIPs) aimed at enhancing cross-L2 compatibility Key proposals include EIP-3370 for a new address standard, EIP-7683 for cross-L2 communication, and EIP-3668 for off-chain data access Buterin predicts that all rollups will eventually adopt zero-knowledge technology, but this transition may take over 5 years VanEck has predicted that Ethereum L2 scaling networks could reach a $1 trillion market cap within six years Ethereum co-founder Vitalik Buterin has presented a comprehensive plan to address one of the most pressing challenges in...
Ripple’s Stablecoin Approved: RLUSD Launch Could Supercharge XRP Demand
Ripple’s RLUSD stablecoin is launching imminently with NYDFS approval, poised to ignite XRP liquidity and ecosystem growth across major blockchains and partner platforms. Regulatory Green Light: Ripple’s Stablecoin Launch Is Around the Corner Ripple disclosed the forthcoming introduction of its stablecoin, RLUSD, on social media platform X Tuesday. The company emphasized the importance of vigilance against fraud and impersonation attempts as the launch approaches. “RLUSD is launching soon! Stay vigilant and report any impersonations or scams,” Ripple wrote. CEO Brad Garlinghouse affirmed the news, revealing that the New York State Department of Financial Services (NYDFS) has issued final approval for...
