This week's top crypto news includes upcoming headlines that will impact various ecosystems, crypto markets, and tokens, leading to potential volatility.
One of the key news stories is the announcement of Mantle Network's integration. Following previous upgrades and launches, Mantle will undergo another planned update. The network recently integrated with EigenDA, reducing transaction fees and enhancing speed. The integration with Stargate aims to enable seamless transfers with no need for bridges. Reports suggest that another significant integration is in progress, but specific details are still scarce.
Jupiter Exchange is also gearing up for major product announcements, generating anticipation among users. Speculations point towards potential announcements related to partnerships, product reveals, and discussions about the JupNet ecosystem. JupNet is a comprehensive network focusing on blockchain interoperability, decentralized identities, and transaction handling improvements. The team has been actively developing core designs to create unique features in the crypto realm.
The Avalanche Summit in London is another highlight of the week, with expectations of significant network announcements during the event. Recent data indicates a surge in deployed contracts across Avalanche networks, hinting at increased activity and potential developments post the summit.
In the US, there are talks of the Senate passing stablecoin legislation, particularly the GENIUS Act. This bill aims to establish a regulatory framework for payment stablecoins, ensuring reserve backing, anti-money laundering safeguards, and consumer protections. The legislation intends to limit Big Tech's influence over digital money issuance, with the US Senate considering it a crucial step towards financial decentralization under federal law.