The UK central bank said digital money should remain trusted and interoperable as it weighs stablecoin reforms and near-24/7 settlement to support tokenized markets. The Bank of England is stepping up its focus on digital money, with Deputy Governor Sarah Breeden highlighting tokenization as a potential way to reduce costs, speed settlement and increase competition. Speaking at London's City Week on Tuesday, Breeden said tokenization — the representation of assets and money on digital ledgers — could improve the efficiency and functionality of payments and financial markets, provided that trust and interoperability are preserved. Breeden stressed that central bank money will remain the foundation, or “anchor,” of the monetary system, even as private-sector innovations such as tokenized deposits and regulated stablecoins gain traction. Read more
Spot XRP ETFs record net inflows for nine days, absorbing sell pressure and potentially supporting an XRP price recovery over time. XRP (XRP) has fallen 12% over the last five days, and the confirmation of a bearish pattern now points to the risk of more losses ahead. Key takeaways: Since early February, the XRP/USD pair has been consolidating inside a bear pennant on the three-day chart. Read more
BTC price stayed pinned below $77,000 amid rising US bond yields and oil prices, with market analysts saying Bitcoin is now at a "crucial level of support." Bitcoin (BTC) consolidated near month-to-date lows on Tuesday as surging US bonds punished stocks and safe havens. Key points: Read more
Global internet freedom has declined for 15 consecutive years, with more countries restricting access to more of the internet, according to Freedom House. A coalition of privacy and internet freedom advocates led by the Tor Project has announced a new crypto funding campaign to support censorship-resistant digital infrastructure. The first-of-its-kind Web3 crowdfunding campaign for internet freedom tools will support 10 nonprofit projects working across privacy, censorship circumvention, secure communications and public-interest digital infrastructure, according to the campaign leaders, Tor Project and Funding the Commons. The campaign, which kicks off May 19, accepts crypto contributions in Bitcoin (BTC), Ether(ETH), Zcash (ZEC), Monero (XMR) and Golem (GLM). Read more
5,800 users in two hours. One QR code. One bow that went viral. 5,800 users in two hours. One QR code. One bow that went viral. Some platforms launch with a whitepaper. Some with a token. GraphDex launched with a hedgehog, a condom, and the co-founder of Ethereum bowing in respect. A short video from Token2049 Singapore, recorded in September 2024, resurfaced across X this week at precisely the moment GraphDex went live. In this video, the project's hedgehog mascot moves through the conference floor, greets attendees, and hands a branded condom to Vitalik Buterin. The condom carries GraphDex branding and a QR code that opens the app directly. Buterin takes it and then bows to the hedgehog. Read more