Crypto Markets and Jobs Report in Focus as Digital Ruble Rollout Continues
The upcoming week in crypto and markets is set to be influenced by several key events. The main focus will be on the U.S. jobs report, which will provide insight into the labor market's health. A weaker reading could temper expectations for an interest-rate rise and weigh on U.S. Treasury yields and the dollar.
Russia's central bank is also rolling out its digital ruble in a large-scale phase, marking a significant step towards wider adoption of the currency. The Bank of Russia has proposed a framework for ruble-denominated stablecoins, which will be open to feedback until September 1st.
Several other notable events are scheduled throughout the week, including speeches from Federal Reserve governors and updates on interest rates from major central banks.