WAO ART

Speculation is growing that China may lift its ban on cryptocurrency trading, igniting hopes for market recovery as Bitcoin remains stagnant. China has tightened anti-money laundering laws, classifying virtual asset transactions as money laundering, with serious penalties for violations.

The European Central Bank's (ECB) plan to introduce a digital euro faces strong opposition from residents in Germany, Austria, the Netherlands, and Slovakia due to concerns over technology reliance, privacy, and savings security.

As wrapped Bitcoin (wBTC) faces scrutiny due to a controversial partnership, Solana-based competitors see a chance to expand their market share. MakerDAO halted wBTC lending after BitGo's partnership with Justin Sun's BiT Global raised concerns over control and security of wBTC.

Nigeria is set to regulate cryptocurrency with a new licensing plan from the Securities and Exchange Commission (SEC), aimed at addressing past issues like the ban on banks facilitating crypto transactions. The SEC plans to unveil its first licenses for digital and tokenized assets this month.

Truflation has launched a new inflation tracker for Argentina, providing real-time economic data to help citizens understand the impact of inflation on their finances. The tracker offers a contrast between the inflation rate of the Argentine peso and government-reported figures, ensuring transparency and reliability.

Australia's central bank (RBA) signals that interest rates will likely stay at a 12-year high of 4.35% for an extended period to combat inflation. The RBA emphasizes the need for sustained restrictive monetary policy to bring inflation, currently at 3.9%, back to the target range of 2-3%.

The SEC has rejected 19b-4 filings for Solana ETFs from 21Shares and VanEck, citing concerns that Solana is classified as a security. The rejection prevents the filings from entering the Federal Register, halting the regulatory review process for these ETFs.