Other news

Peersyst Technology, a blockchain infrastructure developer, has launched a public testnet of a new Ethereum-compatible sidechain designed specifically for the XRP Ledger (XRPL). The project marks a major step toward enabling Ethereum-based smart contracts within XRP ecosystem, ETHNews reports.

Bank of England Monetary Policy Committee (MPC) member Megan Greene emphasized that interest rates must continue to influence UK demand to control inflation. She noted the economy faces constrained growth due to persistent price pressures and supply-side limitations.

Traders have been rushing to move copper to the US ahead of the imposition of tariffs on copper imports by US President Donald Trump. But with no clarity on how high the duties will be or when they’ll take effect, the market is still in the dark, according to Reuters.

According to Goldman Sachs, the yen could strengthen by 7% this year to reach 140 against the dollar. This is due to increasing concerns about US economic growth and trade tariffs.

In March, the purchasing managers’ index in the UK manufacturing industry from S&P Global fell to a 17-month low, reaching 44.9. The sharpest decline in new exports since August 2023, caused by trade tensions between the US and Europe, served as a particular sign of deterioration.

Crypto influencer Amelie has revealed that Indian banks have begun piloting private ledger tests utilizing XRP. The news came out during India's fintech festival, where central bank digital currencies (CBDCs) emerged as a key discussion topic among policymakers.

Australian retail sales rose modestly for a second straight month in February. According to Reuters, the long-awaited cut in interest rates and easing inflation have begun boosting consumer confidence and spending power.

Elon Musk dismissed speculation linking Dogecoin to the newly formed US Department of Government Efficiency (DOGE), calling the name coincidence purely accidental during his remarks in Green Bay.

On Tuesday, the Reserve Bank of Australia (RBA) announced its decision to keep rates unchanged at 4.1%, as expected. At the same time, the regulator's rhetoric was slightly changed towards further easing amid worries over rising global trade tensions.

UK store prices fell by 0.4% year-on-year in March, down from a 0.7% drop in February. The slowdown in price decrease was due to expectations of higher costs ahead, as the UK is set to increase employers' social security contributions from April 6.