Lisk surges 500% on Ethereum migration and plan to burn 25% of LSK
- —LSK rose about 500% since Friday to around $0.60 after a temporary peak near $2
- —On October 31, Lisk Chain will be shut down, LSK will migrate to Ethereum, and 25% of the emission will be burned
- —Ripple will seek a MiCA license for RLUSD in the EU; the stablecoin's market cap is $2.4 billion
- —Bitcoin Suisse is moving some jobs from Switzerland to Bratislava and Vietnam
Why it matters: The sharp rise in LSK may be speculative, while Ripple's RLUSD plans in the EU will intensify stablecoin competition.
Source: Block-Builders