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China has reduced its benchmark interest rate from 1.7% to 1.5% to stimulate economic growth and support the real estate market. The government is implementing significant incentives, including lowering down payment requirements for housing to 15% to help distressed real estate companies.

Salvadoran President Nayib Bukele proposes a budget with zero debt issuance to stabilize the economy. El Salvador faces high public debt and inflation, despite significant changes during Bukele's first term. Bukele's plan aims to reduce reliance on debt and international institutions like the IMF.

Telegram has reversed its strict privacy stance, now allowing authorities to access sensitive user information like IP addresses and phone numbers in response to legal requests. All users are now subject to the new terms, potentially affecting anyone using the platform, regardless of location.

Stepn teams up with Adidas for a new Genesis Sneakers NFT collection. The collection features 1,000 co-branded NFTs based on four iconic running silhouettes. NFTs will be distributed through a raffle, with non-winners receiving refunds.

Nigeria's SEC is intensifying efforts to regulate digital asset exchanges, recently licensing its first two exchanges, Busha Digital and Quidax. SEC Chairman Dr. Emomotimi Agama emphasized the importance of compliance, warning unlicensed exchanges that enforcement actions will be taken against them.

SEC Chairman Gary Gensler and Commissioners testified before the House Financial Services Committee for the first time since 2019. Commissioner Hester Peirce criticized the SEC's ambiguous stance on token classification, stating that the regulator has the tools to provide clear guidelines but has chosen not to.

Commonwealth Bank of Australia (CBA) is actively involved in various Web3 projects, focusing on stablecoins and tokenization for local and international transactions. CBA is testing stablecoins pegged to the Australian dollar as a fast and cost-effective payment method.