• Approach to rate cuts must be gradual
• But if December projections confirm baseline scenario, there will be room to cut rates

This just reaffirms their current policy path and a very likely 25 bps rate cut next month.

This article was written by Justin Low at www.forexlive.com.

DegenLayer, a newly launched memecoin focused blockchain
& trading terminal app suite, has announced its testnet release, marking a
key step toward its upcoming mainnet launch. The platform aims to facilitate
zero setup memecoin trading and creation, leveraging the $20 billion liquidity
within the Optimism Superchain ecosystem.

The project’s developers project daily revenues of $1
million in ETH, assuming a daily DEX trading volume of $200 million. With low
transaction fees and a streamlined user interface, DegenLayer seeks to provide
a gateway for mainstream users to engage in blockchain-based trading and
creation.

The project’s native token $DELAY was fair launched on
Uniswap last week, and is set to be listed on one of the top 15
CoinGecko-ranked exchanges next week, providing access to the token to their 10
million+ user community.

The project is powered by a 60+ person team behind notable
successes including PunksClub.io the CryptoPunk social network, Music.com
(developed with Pharrell Williams), and AAA games like The Witcher 3 and Dying
Light 2. The founding team previously achieved remarkable success with
SuperBid, driving token value from $0.01 to $12 in 2021.

„Our proven track record in both Web3 and gaming
demonstrates our ability to deliver compelling user experiences,“ says
Jacob Rylko, Co-Founder & CEO. „With DegenLayer, we’re leveraging our
existing reach of 3 million+ users through our Telegram mini-app, Firecoin, to
accelerate adoption.“

Key features and projections:

• Innovative
  „Pump Technology“ with 50% of revenue allocated to viral user
  rewards, $DELAY and memecoin buybacks
• Viral
  referral program projecting $100,000 daily reward distributions
• Seamless
  integration with Telegram’s 1B+ user base via a mini app
• One-click
  memecoin creation and trading interface for non-crypto users
• Transaction
  fees below $0.01 with 2,000 TPS capacity

DegenLayer’s launch represents a significant milestone in
making memecoin trading accessible to mainstream users while leveraging
established Optimism infrastructure, the same that is used by Coinbase’s BASE
Layer 2.

About DegenLayer

DegenLayer is a trading terminal and Ethereum Layer 2
blockchain designed to make memecoin trading accessible to mainstream users.
Built on Optimism technology, the platform offers low-cost, high-speed
transactions and a zero setup interface for memecoin trading and creation.
Backed by a team with expertise in Web3, gaming, and entertainment, DegenLayer
aims to bring innovative blockchain solutions to the global market.

For more information about DegenLayer and its revolutionary
approach to memecoin trading, users can visit https://degenlayer.wtf.

This article was written by FL Contributors at www.forexlive.com.

Arcana Network is thrilled to announce the launch of the
Arcana Wallet Beta, now available on the Chrome Store, setting a new standard
in blockchain accessibility and user experience through its pioneering Chain
Abstraction Protocol. Built as the first Externally Owned Account (EOA) wallet
to leverage Chain Abstraction, Arcana Wallet enables a frictionless,
multi-chain experience where users can spend assets across Ethereum, Base,
Polygon, Arbitrum, and Optimism seamlessly, with 20+ new chains coming soon.

Unified Balance: Spend your assets held across chains, in
1-click, without bridging

Arcana Wallet offers a range of features designed to
eliminate fragmentation and provide users with streamlined access to
decentralized finance. Through Arcana’s Chain Abstraction protocol, users can
now manage their aggregated USDC, USDT, and ETH balances across multiple
networks, all in a single wallet interface, and spend these funds instantly on
any supported chain without the need for bridging.

“At Arcana, our goal is to reimagine blockchain usability by
abstracting the complexities that come with multi-chain interactions. Arcana
Wallet delivers an intuitive and effortless experience that allows users to
engage with dApps across chains, without technical barriers” said Mayur
Relekar, Founder & CEO of Arcana Network.

Key Features of Arcana Wallet

• Unified
  Balances: Arcana Wallet aggregates assets into a single balance across
  supported chains, allowing seamless spending without bridging. For
  example, users holding USDT on Arbitrum and Optimism see a combined
  balance ready to spend on Polygon or Base.
• EOA
  Wallet-Based Orchestration: Users can bring their existing EOA address
  or create a new one, ensuring self-custody. Funds stay in the user’s
  wallet, without locking up or requiring deposits to another address,
  maintaining asset security and cross-app accessibility.
• Universal
  Address Accessibility: Unlike wallets needing app-specific setups,
  Arcana Wallet retains assets within one wallet, making them accessible
  across all apps—even those without native chain abstraction support.
• Efficient
  Gas Payments: Gas fees can be auto-funded in stablecoins (USDT or
  USDC), eliminating the need to hold native tokens on each chain. Arcana’s
  optimised protocol keeps gas fees up to 10X lower than traditional
  solutions that use smart contract accounts.
• Near-Instant
  Cross-Chain Transactions: Arcana Wallet’s architecture allows
  transactions to execute within seconds, making it one of the fastest
  cross-chain transaction tools available. Users can spend assets on
  multiple chains with one-click transactions, benefiting from improved
  liquidity and usability.

Expanding dApp and Chain Compatibility

At its Beta launch, Arcana Wallet supports popular dApps,
including Uniswap, Aave, Polymarket, Hyperliquid, and Jumper, with
compatibility for additional applications and chains on the horizon. From
currently supporting Ethereum, Base, Polygon, Optimism, and Arbitrum, the
protocol aims to scale support to +20 EVM and non-EVM L1s, L2s, and appchains.
Allowing users to manage funds from any of the integrated networks, it will
mark a significant step toward a unified blockchain ecosystem.

Arcana’s Chain Abstraction SDK

To cater the developer community, Arcana Network is also
launching the Chain Abstraction SDK, enabling developers to implement Arcana’s
Chain Abstraction features in their own dApps. The SDK is intended to provide a
versatile toolkit for developers to build chainless user experiences and
simplify blockchain interactions for end users, helping to grow Arcana’s vision
of a unified Web3 UX.

Joining the Arcana Community

As the Arcana Wallet Beta moves through its Testnet phase,
feedback from users and partners will help shape the next generation of
blockchain interactions.

Users can download Arcana Wallet from the Chrome Store and
experience the power of Chain Abstraction.

About Arcana Network

Arcana Network (https://arcana.network/) is a leading Chain
Abstraction Protocol, powered by an Appchain, with the mission to transform the
Web3 UX.

Since its inception in 2021, Arcana Network has introduced
products that make web3 effortless, with more than 4 million wallets generated,
500,000 active users, and 6 million transactions to date. The upcoming Chain
Abstraction Protocol built on a Cosmos Appchain and powered by $XAR, is the
next evolution in simplifying Web3.

$XAR is the utility token that captures protocol fees,
secures the network, incentivises early adopters, and rewards resource
providers.

Arcana Network’s innovative technology is backed by
prominent investors, including Balaji S., Polygon founders, John Lilic,
Santiago Roel, and investment funds such as Woodstock, Fenbushi, Republic,
Polygon Ventures, DCG, LD Capital and others.

This article was written by FL Contributors at www.forexlive.com.