Polychain-backed Enso Network activates mainnet, launches token on Ethereum and BNB

The post Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC appeared on BitcoinEthereumNews.com. Franklin Templeton CEO Jenny Johnson has weighed in on whether the Federal Reserve should make a 25 basis points (bps) Fed rate cut or 50 bps cut. This comes ahead of the Fed decision today at today’s FOMC meeting, with the market pricing in a 25 bps cut. Bitcoin and the broader crypto market are currently trading flat ahead of the rate cut decision. Franklin Templeton CEO Weighs In On Potential FOMC Decision In a CNBC interview, Jenny Johnson said that she expects the Fed to make a 25 bps cut today instead of a 50 bps cut. She acknowledged the jobs data, which suggested that the labor market is weakening. However, she noted that this data is backward-looking, indicating that it doesn’t show the current state of the economy. She alluded to the wage growth, which she remarked is an indication of a robust labor market. She added that retail sales are up and that consumers are still spending, despite inflation being sticky at 3%, which makes a case for why the FOMC should opt against a 50-basis-point Fed rate cut. In line with this, the Franklin Templeton CEO said that she would go with a 25 bps rate cut if she were Jerome Powell. She remarked that the Fed still has the October and December FOMC meetings to make further cuts if the incoming data warrants it. Johnson also asserted that the data show a robust economy. However, she noted that there can’t be an argument for no Fed rate cut since Powell already signaled at Jackson Hole that they were likely to lower interest rates at this meeting due to concerns over a weakening labor market. Notably, her comment comes as experts argue for both sides on why the Fed should make a 25 bps cut or…

The post Ethereum’s ERC-8004 Brings AI-Driven Economic Potential appeared on BitcoinEthereumNews.com. Key Points: ERC-8004 launch by Cobo enables AI as economic entities in crypto. No immediate market impact noted yet. Potential for significant future Ethereum ecosystem evolution. Cobo’s co-founder Fish the Godfish introduced a groundbreaking crypto stack—x402, AP2, and ERC-8004—on September 17th, enabling AI agents to transact as economic entities officially. This technical advancement fosters new machine involvement in economic activities within Ethereum, anticipated to alter future DeFi landscapes, despite no current financial or market impact observed. ERC-8004 and AI: Transforming Ethereum Transactions Cobo’s ERC-8004 aims to transform the cryptocurrency landscape by allowing AI agents to engage in economic activities, introducing a stack that interlinks x402 and AP2 for seamless transactions. Fish the Godfish, the primary architect of this initiative, has highlighted the potential for AI to evolve into true economic agents, changing how transactions are approached in blockchain ecosystems. The introduction of this stack is a technological milestone, though no immediate financial impact has surfaced. The stack positions Ethereum as a hub for machine-led commerce, foreshadowing future changes in decentralized finance and smart contract applications. When AI learns to spend: From x402 to AP2, and then to ERC-8004, explore how to make the Agent a true economic entity. — Fish the Godfish, Co-founder and CEO of Cobo Reactions to the announcement have been cautiously optimistic, with many in the community anticipating advancements, although industry influencers have yet to comment. This caution suggests that while the technical potential is acknowledged, its market and practical impacts remain speculative. Ethereum’s Evolution: AI Agents and Market Dynamics Did you know? ERC-8004, hailed as a significant advancement, has historical parallels with early smart contract technologies that first enabled programmable transactions on blockchains. Ethereum (ETH) is valued at $3,957.24 with a market cap of 477,631,941,155. Its 24-hour trading volume is $15.36 billion, showing a -55.14% change,…

The post XRP (XRP) Faces Potential Downturn as Death Cross Pattern Re-emerges appeared on BitcoinEthereumNews.com. Ted Hisokawa Oct 24, 2025 16:07 XRP is on the brink of forming a ‘death cross’ pattern, reminiscent of its 65% crash in 2021. Experts warn of potential risks including falling burn rate and insider selling. The price of XRP, the cryptocurrency developed by Ripple, is currently navigating a challenging phase, marked by a significant decline from its peak earlier this year. According to CoinMarketCap, XRP has dropped by 34% from its highest point, situating it firmly within a bearish market. Death Cross Pattern and Historical Context A looming ‘death cross’ pattern on the daily chart is raising alarms among analysts. This technical chart pattern, which occurs when a short-term moving average crosses below a long-term moving average, has historically signaled a potential downturn. The last instance of this pattern for XRP was in 2021, leading to a dramatic 65% price drop. Current Market Conditions As of October 23, XRP was trading at $2.4137, a price level that reflects recent volatility and market consolidation. This price action is consistent with broader trends observed across the altcoin market, where significant price swings have been common since early October. Despite these challenges, XRP remains a key player in the cryptocurrency space, backed by robust fundamentals. Additional Risks for XRP Beyond the technical patterns, XRP faces other risks that could impact its price. Notably, the burn rate for the token is declining, which could affect its perceived scarcity and value. Furthermore, insider selling has been flagged as a potential concern, possibly contributing to downward pressure on the price. Market Developments and Future Outlook In contrast to the current bearish sentiment, Ripple’s ecosystem continues to expand. The recent launch of the REX-Oprey XRP ETF has been a significant milestone, quickly surpassing $100 million in assets. This…