Other news

Tokyo's inflation rate accelerated in April, hitting a two-year high. The surge strengthens the case for the Bank of Japan (BOJ) to raise interest rates, even as uncertainty lingers over US tariff policies, Bloomberg reports.

UK consumer confidence fell to a 17-month low in April, dropping to -23 from -19 in March, according to market research firm GfK. The decline reflects increasing concerns about the country's economy, driven by rising utility bills and concerns over US trade policy, as reported by Reuters.

An increase of the indicator value may contribute to the rise in quotes of GBP.

The Chicago Mercantile Exchange Group (CME) derivatives marketplace plans to launch XPR trading on May 19, increasing its offerings with a fourth digital asset after Bitcoin, Ethereum, and Solana.

Westpac analysts forecast the Reserve Bank of Australia (RBA) to cut interest rates by 0.25% to 3.85% during the next meeting in May. Experts' expectations are based on weak labor market performance and volatile global conditions, Investing reports.

The Solana Foundation (SFDP) is introducing a new validator onboarding and offboarding policy to reduce centralized influence and strengthen the network's resilience.

According to Bloomberg survey, a pause in the Bank of Japan’s (BOJ) rate hike cycle is possible. The reason for the revision of expectations was protectionist measures introduced by US President Donald Trump, which significantly dampened the economic outlook.

According to Bank of England Governor Andrew Bailey, trade tensions caused by US actions will damage the UK economy, despite the relatively small tariff burden for the island nation.

Global trade tensions are weighing on US economic growth. As a result, investors are shifting their focus to the industrial metals market, which is now showing signs of weakness, with copper being a key example, OilPrice.com experts say.

CoinDesk reports that DeFi Development Corp, formerly known as Janover, has increased its asset reserve by another $9.9 million in SOL tokens. This brings its total cryptocurrency holdings to more than 317,000 SOL tokens. In US dollars, this amounts to about 48 million.