Other news

Cardano is now struggling as user engagement remains low. The derivatives market is also showing signs of a downturn. Apart from the sharp 9% weekly decline in ADA, a more troubling signal is the lack of progress in user activity on the Cardano blockchain.

Coinbase, one of the major players in the crypto industry, plans to launch Cardano trading in the short run. This milestone marks a pivotal moment for ADA as it is poised to enter the global derivatives market.

The Bank of England is expected to make a hawkish decision this week, just weeks after cutting interest rates. Two previously dovish policymakers are now reluctant to support further monetary easing.

US demand for industrial metals is rising. However, the fact that only two US plants can process copper raw materials pose significant challenges. Canada previously handled such matters. Now, amid escalating trade tensions, the United States risks losing a strategic partner.

Despite a slowdown in economic growth, the Bank of Japan is determined to continue tightening its monetary policy. Economists predict another interest rate hike in July.

FalconX has completed its first block trade using CME Group’s Solana (SOL) contracts, conducted privately to minimize price exposure, according to Decrypt. StoneX acted as the counterparty in the transaction, which took place ahead of the March 17 launch of the new SOL contracts.

Australian Treasurer Jim Chalmers warned that consumer prices could rise in the country after Cyclone Alfred. The Australian economy lost an estimated $759 million as a result of the disaster, according to initial government estimates.

Bloomberg reports that the UK government will abolish several business regulatory bodies and cut welfare spending in order to stimulate the country’s stagnant economy. According to Chancellor of the Exchequer Rachel Reeves, slashing business regulation will bring relief to the economy.

According to experts of the Resolution Foundation think tank, UK Finance Minister Rachel Reeves may fail to meet the budget adopted for the current year. The expected deficit could amount to 4.4 billion pounds ($5.7 billion).

Bloomberg reports that copper price reached near five-month high after China, the largest consumer of the metal, said it intends to boost demand. Copper price reached $9,850 per ton on Friday, which is the highest since October last year.