The International Monetary Fund said tokenization could reduce frictions and improve transparency in finance, while warning its overall impact on financial stability remains uncertain. The report said faster automation may intensify stress events and, in emerging markets, tokenization could aid cross-border payments and inclusion but may also amplify volatility and weaken monetary sovereignty.

Google, Microsoft and Amazon Web Services are among the founding members of the newly launched x402 Foundation, created under the Linux Foundation to govern and standardize the x402 protocol for agentic AI payments across crypto and fiat rails. Coinbase said the protocol will not be controlled by any single company, positioning the Linux Foundation as a neutral, nonprofit home for x402.

SpaceX has reportedly submitted a confidential IPO filing to the US Securities and Exchange Commission, a step that could lead to a listing as early as June. The float could target a valuation above $1.75 trillion and raise up to $75 billion, which would exceed Saudi Aramco's $29 billion 2019 debut. The company also holds 8,285 Bitcoin, valued at more than $565 million, while the offering may include a dual-class structure and reserve up to 30% of shares for individual investors.

Bitfarms (BITF) reported a $284.5 million net loss for 2025, citing weaker Bitcoin prices and elevated cost of revenue, while its shares still gained 6.6% on Tuesday. The miner said it is about five months into shifting from Bitcoin mining toward high-performance computing and AI, with a plan to rebrand to Keel Infrastructure on Wednesday and relocate its legal base from Canada to the US.

Two Democratic US senators are asking SEC Chair Paul Atkins to explain enforcement director Margaret Ryan's resignation in March and the agency's handling of select crypto-related matters. Senator Richard Blumenthal also pressed the SEC on its decision to drop a fraud case against Tron founder Justin Sun 11 days before Ryan stepped down, while Senator Elizabeth Warren raised concerns that Ryan may have faced resistance on cases tied to President Donald Trump's circle.

US Senators Bill Cassidy and Cynthia Lummis introduced the "Mined in America Act" on Monday to encourage domestic Bitcoin mining hardware manufacturing and formalize President Donald Trump's Strategic Bitcoin Reserve order. The proposal would create an optional certification for mining facilities and pools, requiring certified participants to phase out equipment made by firms linked to "foreign adversaries." The US hosts about 38% of the Bitcoin network hashrate, while 97% of mining hardware is produced by Bitmain and MicroBT.

Lido DAO is reviewing a proposal submitted Friday to spend $20 million worth of treasury assets on a one-time LDO buyback via swapping 10,000 stETH. LDO was reported at $0.30 with a $255 million market cap, down 95.9% from its $7.30 peak in August 2021, while Lido still holds 23.2% of staked Ether on Ethereum.

Ripple CEO Brad Garlinghouse said stablecoins may become crypto's "ChatGPT moment" for businesses looking for faster and more efficient payments. He also pointed to more than $33 trillion in stablecoin trading volume in 2025 and noted that nearly 90% of that activity was tied to USDT and USDC. Separately, Bloomberg Intelligence projected stablecoin flows could reach $56.6 trillion by 2030.

Morgan Stanley has proposed launching a spot Bitcoin ETF with a 0.14% fee, as outlined in its latest S-1 registration statement filed on Friday. The fee would sit one basis point below the Grayscale Bitcoin Mini Trust ETF and 11 basis points under BlackRock's iShares Bitcoin Trust ETF, potentially intensifying price competition among US spot Bitcoin funds.