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This time, the non-farm data release is still far from the next Fed interest rate meeting (May 6-7), so as long as the data doesn’t show significant anomalies, the impact on crypto market trends will be limited https://las-atlantis-bonus-codes.com/.
The March Fed FOMC statement indicated that the Federal Reserve will begin slowing the pace of balance sheet reduction on April 1. The Fed will reduce the cap on Treasury securities redemptions from $25 billion/month to $5 billion/month, while maintaining the cap on MBS redemptions at $35 billion/month.
Additionally, it’s important to monitor the actual technical implementation effects, focusing on actual user experience improvements after the upgrade (such as reduced Gas fees, increased transaction speeds), Layer 2 scaling effects, etc. If internal personnel turmoil and governance disagreements within the Ethereum Foundation continue, it may also affect the efficiency of future upgrades.
Ethereum’s Pectra upgrade is planned to go live on the mainnet around April 8, but the specific date may still be adjusted based on testnet evaluation results. The core goal of this upgrade is to enhance network performance through a series of Ethereum Improvement Proposals (EIPs).
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“Ethereum was the standout performer, with US$205m in inflows last week and $575 million YTD, indicating renewed investor optimism following the successful Pectra upgrade and the appointment of new co-executive director Tomasz Stańczak,” Butterfill wrote.
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In the same way, Tomasz Stanczak, recently appointed as co-Executive Director of the Ethereum Foundation (EF), has a deep history in Ethereum’s core development. His focus on statelessness to enhance Ethereum’s scalability and decentralization aims to reduce node storage needs.
“Ethereum was the standout performer, with US$205m in inflows last week and $575 million YTD, indicating renewed investor optimism following the successful Pectra upgrade and the appointment of new co-executive director Tomasz Stańczak,” Butterfill wrote.
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
In the same way, Tomasz Stanczak, recently appointed as co-Executive Director of the Ethereum Foundation (EF), has a deep history in Ethereum’s core development. His focus on statelessness to enhance Ethereum’s scalability and decentralization aims to reduce node storage needs.
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In response to what crypto businesses considered outright hostility from the SEC under Biden, the industry embarked on a colossal lobbying effort in the lead-up to the 2024 election. Crypto companies and their executives funneled more than $150 million into three super political action committees—Fairshake, Protect Progress, and Defend American Jobs—set up to support pro-crypto congressional candidates. Meanwhile, high-profile crypto figures—among them Cameron and Tyler Winklevoss, cofounders of the crypto platform Gemini, and Marc Andreessen and Ben Horowitz, venture capitalists heavily invested in crypto startups—came out in support of Trump. The strategy apparently worked.
While the Commission and its staff work to develop a comprehensive regulatory framework for crypto assets, securities market participants should not be compelled to go offshore to innovate with blockchain technology. I would like to explore whether conditional exemptive relief would be appropriate for registrants and non-registrants that seek to bring new products and services to market that may otherwise not be compatible with current Commission rules and regulations.
In July, on the campaign trail, Trump promised a crowd of bitcoiners that he would fire previous SEC chair Gary Gensler if reelected. “I didn’t know he was that unpopular,” said Trump, referring to the crowd’s rapturous response to the pledge. In November, after Trump won the election, the crypto industry got to help handpick the nominee to replace Gensler, landing on Paul Atkins, a former SEC commissioner who has expressed the view that crypto businesses have been treated unfairly in the US. (Atkins remains sidelined for now, pending confirmation.)
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Another expected headline in the top crypto news this week is Jupiter Exchange’s product announcements. In a post last week, the Solana-based DEX teased a major product announcement by a Jupiter executive.
Despite these challenges, Republican proponents of the bill are pushing for its approval by Memorial Day (May 26), emphasizing the need for regulatory clarity to foster innovation and maintain the US dollar’s dominance in the digital economy.
“Jupnet is a really big lift across the board, lots of research to be done across the board, proof of concepts to be developed in lieu of a good design, followed by lots of productizing. With Jupnet, we hope to add some special elements to the crypto space,” @weremeow noted in a post.
This week, one of the top crypto news stories is Mantle Network’s integration announcement. After the Tectonic Upgrade was implemented in March 2024 and the Mainnet Alpha launch in July 2023, the Mantle ecosystem will undergo a planned update.
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