CBDCs: Digital Cash for a Digital World!

The future of money is here! Governments worldwide are launching State-Backed Stablecoins like WYST (Wyoming Stable Token) and CBDCs (Central Bank Digital Currencies) to create a secure, fast, and stable financial ecosystem powered by blockchain.

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☕️ Good morning! Here are the top crypto news from the past 24 hours:

? Donald Trump promised to pardon Ross Ulbricht, opposed central bank digital currencies (CBDCs), and supported self-custody during a speech at the Libertarian Convention.

? Regulators from Argentina and El Salvador met to discuss Bitcoin adoption, exploring ways to collaborate and regulate digital assets.

? Friendtech's token price fell over 20% after co-founder Racer hinted at leaving the Ethereum Layer-2 network Base.

? Ethereum developers plan to release the Pectra upgrade by early 2025, which will include several improvements to the Ethereum Virtual Machine (EVM) and higher staking limits.

? Nomura and Laser Digital are partnering with GMO to explore issuing yen- and USD-backed stablecoins in Japan.

? MicroStrategy founder Michael Saylor said the approval of spot Ethereum ETFs would help Bitcoin by making it more legitimate and attracting institutional investors.

? Tornado Cash co-founder Roman Storm’s defense team filed motions to dismiss charges and challenge evidence, citing overreach by prosecutors and violations of the Fourth Amendment.

? The Uniswap Foundation reported it holds $41.41 million in cash and stablecoins, 730,000 UNI tokens, and plans to vote on a fee mechanism by May 31.

? Several crypto influencers and celebrities on X were hacked, promoting tokens like Luna2 and ORDI, raising concerns about account security.

? Cristiano Ronaldo is launching his 4th NFT collection with Binance on May 29, despite being involved in a $1 billion lawsuit related to previous NFT sales.

#SEC 's appeal in #ripple 's case may lower $XRP prices, giving institutions chance to buy at discount

CEO Edo Farina believes this could benefit XRP's long-term fundamentals

Institutions are accumulating XRP while retail investors panic and sell

XRP's adoption for CBDCs is growing despite legal challenges

https://coinpedia.org/news...