Other news

As reported by Bloomberg, Australian household spending unexpectedly dropped by 0.3% in March, snapping a five-month streak of growth. The decline in consumer activity follows the devastating impact of cyclone Alfred, which slammed into the nation’s northeastern region.

The United States keeps working on the cryptocurrency market regulation. Based on the Financial Innovation and Technology for the 21st Century Act (FIT21) approved by the House of Representatives during the last session, a new document has been introduced.

Australia's Future Fund, the country's sovereign wealth fund, expects inflation and bond yields to remain elevated for an extended period amid global market volatility and trade tensions. The fund reported a 7.9% return for the year through March, down from 12.2% the previous year.

Yesterday, the Helius development team dedicated to Solana informed about the release of Agave v2.2, an update to the validator client. The new version will boost block capacity by 20%, as well as make other improvements to scalability and network throughput.

US tariffs narrow the possibilities for the Bank of Japan to hike rates. The import duties are expected to slow down Japan’s economic expansion and add to domestic price pressure.

Founder of Cardano Charles Hoskinson announced the launch of a testnet that will deploy AI aimed at boosting the blockchain’s speed and efficiency. The initiative will use thousands of AI agents that mimic real user activity.

According to a Reuters poll, Japan's GDP likely contracted in the first quarter due to weak domestic demand and a surge in imports. Respondents expected the country's economy to slow by 0.2% on a year-on-year basis.

US Senator Elizabeth Warren is calling out the proposed stablecoin regulation bill (GENIOUS Act), arguing that its approval could personally enrich President Donald Trump and his family.

The Maldives, known for its luxury resorts, could become a new financial hub for blockchain technology, CoinDesk reported.

The UK authorities are considering introducing new restrictions on the use of credit to purchase crypto assets. The plan is aimed at protecting consumers' interests.