The post US ISM Manufacturing PMI edges higher to 47.2 in August vs. 47.5 expected appeared on BitcoinEthereumNews.com. US ISM Manufacturing PMI rose slightly in August. US Dollar Index stays in daily range above 101.50. The business activity in the US manufacturing sector continued to contract, albeit at a softer pace in August, with the […]

The post BoC policy decision is expected to result in a 25bps – Scotiabank appeared on BitcoinEthereumNews.com. The Canadian Dollar (CAD) is losing ground in line with the core majors so far today and is outperforming its commodity cousins (AUD and NZD) by a fair margin as a result, Scotiabank’s Chief FX Strategist Shaun Osborne […]

The post Matter Labs to cut 16% of workforce appeared on BitcoinEthereumNews.com. Matter Labs, the company behind ZKsync, will lay off 16% of its workforce, or 24 employees, in the company’s first headcount reduction since its inception six years ago. “Unfortunately, this learning curve isn’t always perfectly linear. Organizational complexity has a tendency to accumulate […]

The post Top DeFi Trends in 2024 appeared on BitcoinEthereumNews.com. The DeFi market is expected to reach over $26 billion in revenue in 2024, reflecting its ongoing expansion and maturation. Despite volatility in crypto markets, DeFi continues to attract users and capital as it challenges traditional centralized finance models. Key factors driving this growth include: […]

The post After five-year hiatus, 3M is surprisingly the best-performing Dow stock in 2024 appeared on BitcoinEthereumNews.com. 3M stock is outperforming the other 29 Dow Jones stocks YTD. 3M shares fell in value by two-thirds between early 2018 and late 2023. Analysts have upgraded 3M now that lawsuits have been settled. Weekly chart shows bullish break […]

The post Ripple to Launch Smart Contracts on XRP Ledger Mainnet by 2025 appeared on BitcoinEthereumNews.com. Ripple will introduce smart contracts on the XRP Ledger Mainnet by 2025, enabling NFTs, AMMs, and DEXs. Ripple will add an EVM sidechain to the XRP Ledger, expanding programmability. Ripple partners with Futureverse for secure asset storage and KYC […]

THORChain price (RUNE) has experienced a noticeable uptick in its value as the broader cryptocurrency market begins to rebound. The price of RUNE is indicating a robust recovery, hinting at positive market dynamics. As digital currencies overall appear to be rebounding, the sector anticipates further growth, particularly with an impending hard fork upgrade. THORChain Price […]

The post Huge Move from Ripple! New Ethereum (ETH) Based Product Introduced! appeared on BitcoinEthereumNews.com. While Ripple (XRP) draws attention with its innovative steps, it announced that it will introduce Ethereum (ETH) compatible smart contracts on XRP Ledger. Ripple has reportedly improved its XRP Ledger by integrating Ethereum-compatible smart contracts via a new sidechain that […]

The post Will Palantir stock hit $50 in 2024 appeared on BitcoinEthereumNews.com. Palantir Technologies (NASDAQ: PLTR) has been a company of particular interest among both investors and tech aficionados since acquiring several high-profile contracts from various governments going back to the mid-2010s. However, it hasn’t exactly been smooth sailing since the company’s long-anticipated 2020 initial […]

The post SOL Revenue Plummets to Six-Month Low: Is Solana Dead? appeared on BitcoinEthereumNews.com. The declining interest in Solana (SOL) meme coins has caused a sharp decrease in user activity on the Layer-1 blockchain. Over recent weeks, daily active addresses and transaction counts have notably dropped, leading to a reduction in network fees and the […]