A draft vision for Australia’s domestic payments system says stablecoins and tokenized fiat currency could reshape how money moves across future rails. Australia’s future account-to-account (A2A) payment systems may need to adapt if tokenized forms of money gain broader use, including stablecoins and tokenized liabilities, according to a draft vision for the country’s domestic payment rails. The draft, co-developed by the Account-to-Account Payments Roundtable, which includes AusPayNet, Australian Payments Plus, the Reserve Bank of Australia and the Commonwealth Treasury, identifies digital assets as one of several external forces that could affect future A2A payments. “Tokenised forms of money, such as stablecoins and tokenised liabilities, are moving from experimentation to adoption,” the draft said, adding that the shift reflects a move toward programmable, ledger-based value that could enable new settlement models, continuous availability and more automated execution. Read more
Crypto has become the most-muted topic on X since the platform launched its snooze feature, with AI-generated spam and InfoFi posting likely driving users to tune it out. Crypto has topped the list of most-muted topics on X since the platform rolled out its snooze feature, with spam and artificial intelligence content, or "AI slop," likely playing a major role. On Thursday, Nikita Bier, X’s head of product, revealed that crypto has become the most-muted topic ahead of politics, the Iran conflict, sports and business and finance, a notable shift in a platform that was once the heartbeat of Crypto Twitter. The snooze feature, which lets Premium subscribers hide topics from their For You feed for 24 hours, was launched on April 22. At the time, Bier described the tool as a way for users to “crank up or turn down the slop,” apparently a nod to the flood of low-quality content that has increasingly plagued the platform. Read more
ETH price is retesting a long-term support trend line that previously preceded a 5,200% rally, a fractal setup pointing to a potential move toward $60,000 by 2030. Fundstrat co-founder Tom Lee shared a "generational play" thesis for Ethereum that predicts 3,000% upside in Ether (ETH) price to $60,000. Key takeaways: On Wednesday, Lee reposted a bullish outlook shared by analyst Crypto Patel that predicted ETH's price reaching $60,000 in the coming years. Read more
Bitcoin price action remained weak as the US-Iran war delivered a Fed meeting that was the "most hawkish in years" and oil neared four-year highs. Bitcoin (BTC) failed to recover new support on Thursday as oil hit its highest levels in nearly four years. Key points: Data from TradingView showed BTC/USD circling $76,000, down around 2% from the previous day’s high. Read more
The latest stablecoin move comes years after Meta first dipped its toes into stablecoins through Libra in 2019, before scrapping the plans in 2022 due to regulatory pushback. US tech giant Meta has launched USDC payouts for creators on its platforms in the Philippines and Colombia, with plans to expand to additional markets. Creators who opt into the service will receive payments directly into crypto wallets on the Solana and Polygon blockchains. However, Meta does not offer a built-in conversion option, so an external exchange is required to convert USDC into fiat currency, according to the announcement on Wednesday. The service is currently available only to select creators in Colombia and the Philippines, but Polygon said Wednesday that the stablecoin rollout is expected to expand to more jurisdictions soon. Read more
Republican Senator Thom Tillis says the Senate’s version of the CLARITY Act has “made a lot of progress,” and it was time for lawmakers to vote on advancing the bill. US Senator Thom Tillis says he will push the Senate Banking Committee to advance the stalled crypto market structure bill, as the text of the bill has made progress and is ready for another vote. Tillis, a key Senate Banking Republican, told reporters on Wednesday that he would ask Senate Banking Committee Chairman Tim Scott “to move forward with scheduling a markup” when the Senate is back in session on May 11. “I think that we've made a lot of progress,” Tillis said. “But at the end of the day, until you have a forcing mechanism of a markup, everybody that really doesn't want it done is going to have one more thing that they want to talk about, and I think it's time to get it before the committee, move it forward.” Read more
The move expands DeFi institutional assets to include Wall Street heavy hitters. Centrifuge is bringing tokenized Treasurys, AAA-rated CLOs and private credit to the Monad blockchain, making for the first availability of institutional-grade assets on the network. According to an announcement shared with Cointelegraph, the integration includes tokenized products from Janus Henderson and Apollo Global Management, including JTRSY, JAAA and ACRDX, with investors holding onchain fund shares that represent direct claims on the underlying assets and support in-kind redemptions. Centrifuge is also introducing freely transferable versions of these assets (deJTRSY, deJAAA and deCRDX) designed for use across the Monad ecosystem in lending, collateral and secondary market activity. Read more