Australia extends crypto regulations to stablecoins and tokenized assets

Standard Chartered has projected that the tokenized real-world assets (RWAs) market could reach $2 trillion by 2028, which would put it on par with the stablecoin market. This insight comes from the bank's head of research, who noted that the current $300 billion stablecoin market capitalization has already catalyzed a self-sustaining growth cycle in decentralized finance (DeFi). This development is significant as it highlights the increasing integration of traditional finance with blockchain technology, potentially reshaping investment landscapes and offering new opportunities for investors.

Coinbase's new X402 Agentic Payments Network is set to revolutionize the global economy by 2030, offering a faster and cheaper alternative to traditional payment processors. This innovation is particularly significant for emerging economies, where high fees have long been a barrier to international transactions. By leveraging a Web2 interface, Coinbase aims to enhance payment efficiency, making it easier for businesses and individuals to engage in cross-border commerce.

Standard Chartered predicts that decentralized finance (DeFi) will challenge traditional finance (TradFi) with an estimated $2 trillion in tokenized assets by 2028. This shift could revolutionize the financial landscape, making transactions more efficient and accessible for everyone. As DeFi continues to grow, it presents exciting opportunities for innovation and investment, potentially reshaping how we think about money and finance.

Australia's financial intelligence agency, AUSTRAC, has imposed a fine on Cryptolink as part of a broader crackdown on cryptocurrency ATMs. This move highlights the increasing scrutiny on the crypto industry, aiming to ensure compliance with anti-money laundering regulations. The fine serves as a warning to other operators in the sector, emphasizing the importance of adhering to legal standards to maintain trust and security in the rapidly evolving digital currency landscape.

Visa is making a significant move into the world of cryptocurrency by announcing support for stablecoin payments across four different blockchains. This decision comes as the company reports a remarkable fourfold increase in card spending linked to stablecoins over the past year. This surge indicates a growing acceptance and use of tokenized money within traditional payment systems, highlighting the potential for innovation in the financial landscape.

Mastercard is reportedly considering acquiring Zero Hash for nearly $2 billion, signaling a strong commitment to the growing stablecoin market. This move follows previous discussions about acquiring BNVK, a crypto payment infrastructure startup. Such acquisitions highlight Mastercard's strategy to enhance its digital payment capabilities and adapt to the evolving financial landscape, making it a significant player in the cryptocurrency space.

The recent surge in Pi Coin's price, which reached $0.2795, has raised concerns about a potential crash following the Federal Reserve's rate decision. While the token has shown impressive gains, analysts warn that market volatility and economic factors could lead to a downturn. This situation is crucial for investors to monitor, as it highlights the risks associated with cryptocurrency investments, especially in a fluctuating economic landscape.

President Donald Trump's recent pardon of CZ, a notable figure in the crypto industry, has sparked significant concerns regarding ethics and potential corruption. This move is seen as part of a troubling trend where influential individuals in the cryptocurrency space receive clemency, raising questions about the integrity of the justice system and the implications for regulatory oversight. As the crypto market continues to grow, such actions could undermine public trust and set a precedent that may affect future governance in the sector.

The XRP price is showing promising signs as the Relative Strength Index (RSI) climbs alongside it, indicating a strong bullish trend. Analyst EGRAG CRYPTO highlights that this alignment suggests sustained buying pressure, which is crucial for investors looking for positive momentum in the market. This development is significant as it reinforces confidence in XRP's upward trajectory, making it an exciting time for traders and enthusiasts alike.

Bitcoin is facing a potential drop of 20-30% as the crypto markets have liquidated over $1.1 billion in just 24 hours. This significant downturn follows an unexpected price decline after the Federal Reserve's interest-rate cut, leaving traders in a precarious position. Understanding these market fluctuations is crucial for investors, as they highlight the volatility and risks associated with cryptocurrency investments.

XRP's price is facing significant selling pressure after a strong rejection from the $2.72 resistance level, indicating a growing weakness in momentum. As the price trends lower towards the $2 support, it highlights the challenges XRP is currently facing in the market. This situation is crucial for investors to monitor, as it could signal further declines or a potential recovery if support holds.

Hyperliquid recently experienced the largest single liquidation order at $21.4 million in the BTC-USD trading pair, highlighting the significant risks associated with leverage in the volatile cryptocurrency market. This event is crucial as it not only affects individual traders but also raises concerns about overall market stability, making it a pivotal moment for those involved in crypto trading.

US stocks opened lower on Thursday, with major players like Meta and Microsoft seeing significant declines. This downturn comes as Wall Street grapples with mixed reactions to the promising trade talks between President Trump and President Xi Jinping. Investors are cautious, weighing the latest earnings reports against the backdrop of these high-stakes discussions, which could impact future trade relations.

BONK has successfully defended its support level of $0.000014, with trading volume surging by an impressive 71%. This surge indicates growing interest and confidence among investors, which is crucial for the cryptocurrency's stability and potential growth. As the market continues to evolve, BONK's ability to maintain this support could signal a positive trend for its future.