Recently, the IMF (International Monetary Fund) has updated its balance of payments standards to account for the increasing importance of digital assets. For the first time, cryptocurrencies like Bitcoin (BTC) are officially recognized in global economic reports.
However, this sparked a wave of discussion in the crypto community where many claimed that the IMF had referred to Bitcoin as “digital gold.”This quickly caught the attention of many in the space, fueling debates and speculation across social media. However, Dennis Porter, a well-known voice in the space, quickly questioned this interpretation, asking, “Can anyone point to exactly where the IMF says Bitcoin is ‘digital gold’?”
Dennis Clarifies The Confusion
After diving into the IMF’s statement, Dennis clarified the source of the confusion. The IMF actually referred to Bitcoin as a “new digital asset designed to be used as a means of payment or act as a store of value.”
Ok I’ve tracked down why people are claiming the IMF said Bitcoin is digital gold.
“new digital assets designed to be used as a means of payment or act as a store of value.”
This is a massive stretch to jump to: “IMF says bitcoin is digital gold”.
He remarked that the phrase “designed to be” is crucial here and it doesn’t necessarily mean that the IMF is officially endorsing Bitcoin as “digital gold” or guaranteeing its stability or value like gold. It’s more about recognizing Bitcoin’s potential, not confirming it as a proven asset. The “store of value” idea for Bitcoin is debated due to its volatility. Unlike gold, which has a long history of stability, Bitcoin’s price can fluctuate significantly.
IMF Provides Guidelines on Tracking Digital Assets
The IMF’s latest update to the Balance of Payments Manual (BPM7) now includes cryptocurrencies like Bitcoin (BTC) in its global economic framework. This is the first time the IMF has provided clear guidelines on how digital assets should be tracked in global financial stats, marking a big step for crypto in the financial world.
Cryptos like Bitcoin are classified as non-productive capital assets, while stablecoins are treated as financial instruments. The update also changes how cross-border crypto transactions, staking, and mining are tracked, with mining and staking now recorded as services in a country’s computer services exports/imports.
This update is a big step in officially recognizing digital assets as part of the global economy, helping to track and regulate them better in the future.
The United States of America Federal Reserve Chair Jerome Powell has raised fresh concerns about inflation and signaled a shift in focus toward digital assets, stablecoin regulations, and banking rules. In his recent Speech, he addressed key issues affecting the U.S. economy, including trade changes, labor pressures, and the rise of digital currencies.
Jerome Powell on Inflation and Policy Changes
Per the latest update, Jerome Powell warned that a mix of recent and upcoming policy changes could put upward pressure on inflation in the months ahead. According to the X post, he pointed to tariffs, immigration adjustments, and fiscal and regulatory policy shifts as potential triggers.
While the full effects are uncertain, the Fed Chair noted that these changes might also slow economic growth.
Referencing earlier remarks made in an April 4 report from CNN Business, the Republican leader mentioned that the US-China tariff war could keep inflation higher than expected.
At the same time, he made it clear that the Federal Reserve would likely keep interest rates steady for now. The central bank will monitor how these developments affect both inflation and employment.
Powell acknowledged the Fed’s challenge when inflation and unemployment do not move in the same direction. He said the Fed would have to judge how far these indicators drift from their targets and how long it may take to restore balance.
The Big Take on Stablecoin and Bank Regulation
Speaking on cryptocurrency, Jerome Powell said stablecoins are digital currencies linked to the U.S. dollar’s value. He explained that these coins are becoming more common in the financial system.
As reported by CoinGape, Tether is contemplating launching a US-only stablecoin driven by President Donald Trump’s crypto policies. Drawing on this broad expansion, the Fed Chair said a clear set of rules needs to be established to manage stablecoin as its use grows.
Citing insights from the U.S. Committee on Banking, Housing, and Urban Affairs, Powell pointed out that stablecoins can make transactions more efficient and help support the dollar’s international strength.
He also noted that regulations for banks handling cryptocurrencies could be loosened in some areas. This indicates a broader shift toward accepting crypto assets within traditional financial systems.
Bitcoin Price and Market Reaction
While Jerome Powell’s Speech made the headlines, market data shows that Bitcoin held steady above $84,000. As of this writing, the coin has pared off its losses and is up 0.37% in 24 hours.
Other assets, including Ethereum, Solana, and Dogecoin, have also jumped by 2.2%, 4.23%, and 0.96%, respectively. These altcoins are riding on BTC’s boost per their higher correlation trend.
Japanese company Metaplanet added optimism by issuing $10 million zero-interest bonds to buy more Bitcoin. Despite uncertainty in traditional markets, Bitcoin’s price remained steady, with some analysts watching for a possible long-term push toward the $100,000 mark.
Made in USA Coins are gaining traction heading into the final week of May, with AVA, Solana (SOL), Pi Network (PI), Uniswap (UNI), and Worldcoin (WLD) all drawing attention. AVA surged nearly 10% amid renewed AI interest, while SOL saw rising institutional accumulation despite ETF delays.
PI rebounded above $0.80 as momentum builds despite lingering ecosystem concerns. Meanwhile, UNI faces legal pressure from Bancor, and WLD remains in the spotlight following regulatory challenges and a U.S. expansion push.
AVA
AVA is the native token of Holoworld, an AI-powered storytelling platform designed for creators, brands, and developers.
The ecosystem enables users to craft immersive experiences using customizable AI avatars, lifelike animations, and voice-based interactions. It claims to have over 1 million users and tens of millions of interactions.
Originally launched on Solana’s PumpFun launchpad, AVA currently holds a market cap of around $65 million and has climbed nearly 10% in the last 24 hours amid renewed interest in AI-themed tokens.
Technical indicators are turning bullish, with AVA’s EMA lines suggesting a golden cross could form soon. If this momentum holds, the token could rise to challenge resistance at $0.069, and a breakout may open the path toward $0.0919 and even $0.015.
However, if bullish momentum fades and the $0.060 support level fails, the token could retrace to $0.0519, and potentially fall to $0.047 or even $0.0417 if the downtrend intensifies.
Solana (SOL)
Solana is seeing increased accumulation from institutional investors in May 2025. Whales have staked large amounts, and some have invested millions into Solana-based assets.
Over 65% of SOL’s supply is now staked. Q1 app revenue reached $1.2 billion, the highest in the past year, showing strong ecosystem growth.
Despite a quiet altcoin market, analysts are comparing Solana’s structure to Ethereum’s in early 2021. On-chain inflows and developer activity continue to rise.
Meanwhile, the SEC delayed its decision on five Solana ETF proposals, pushing the timeline to mid-2025. Still, SOL rose 2.7%, showing resilience.
Technically, SOL is holding support at $164. If this holds, it could test $176.83 and $184.86. If $164 fails, the next supports are $159.48, $154, and $141.
Pi Network (PI)
Pi Network has faced several major setbacks since its mainnet launch in February 2025, quickly becoming one of the most hyped Made in USA coins. These include a lack of Binance or Coinbase listings, poor price performance, and unfulfilled ecosystem promises. Despite 86% of the community voting for a Binance listing, no listing has occurred.
Still, PI is showing signs of short-term strength. It’s up nearly 10% in the past 24 hours, breaking above the $0.80 mark. Its market cap is nearing $6 billion again, and EMA lines suggest a golden cross could form soon.
If the momentum holds, PI could test resistance at $0.96. A breakout could open room for rallies toward $1.30 and $1.67.
However, if the uptrend fades, PI could retrace to $0.66. If that level fails, the next supports are $0.57 and lower.
Uniswap (UNI)
Bancor has filed a patent infringement lawsuit against Uniswap, claiming that the leading DEX used its patented automated market maker (AMM) technology without permission.
Bancor says it developed and patented the constant product AMM model back in 2017, a structure Uniswap later adopted for its own protocol. The lawsuit, filed in New York, seeks compensation from both Uniswap Labs and the Uniswap Foundation, making UNI one of the most interesting Made in USA coins to watch next week.
Meanwhile, UNI is trading near a key support level at $5.94.
If this level fails, it could drop to $5.649 and even $5.43. On the upside, a momentum recovery could send UNI back to test $6.329. If broken, further resistance lies at $6.52 and $7.36.
Worldcoin (WLD)
AI-related tokens have been attempting a broader recovery in recent weeks, and Worldcoin (WLD) has remained a focal point during this period. The project has faced both regulatory setbacks and notable expansion efforts, keeping it in the spotlight in the last weeks.
Around the same time, Indonesia suspended its operations over regulatory and certification concerns. Despite these headwinds, Worldcoin recently launched in six major U.S. cities and revealed plans to distribute 7,500 biometric verification devices across the country.
WLD is up 6.8% in the past 24 hours, showing signs of a short-term rebound. Its EMA lines suggest a golden cross could form soon, which would be a bullish technical signal.
If momentum holds, WLD could climb toward $1.19, and if that resistance breaks, extend gains to $1.36. However, if the token fails to hold above $1.11, it could slide to $1.05—and possibly dip below $1 if bearish pressure accelerates.
The United States Securities and Exchange Commission (SEC) has announced a countrywide initiative to meet with more crypto stakeholders. The SEC announced on Monday that its Crypto Task Force, led by Commissioner Hester Peirce, will host a series of roundtables, with small firms in different cities.
According to the announcement, the SEC’s Crypto Task Force will collect views from small firms that did not get a chance in prior initiatives dominated by huge Web3 projects. Furthermore, the SEC’s Crypto Task Force will be meeting with representatives from crypto-related projects with at most 10 employees and those that are less than two years old in the market.
“The Crypto Task Force is acutely aware that any regulatory framework will have far-reaching effects, and we want to ensure that our outreach is as comprehensive as possible,” Commissioner Peirce, noted.
Which Cities Will With SEC’s Crypto Task Force Visit?
The SEC’s Crypto Task Force will be meeting with different small crypto stakeholders in addition to written inputs. On August 4, Commissioner Hester will lead the Crypto Task Force at Berkeley, California.
On August 19, the Crypto Task Force will be conducting a roundtable in Boston. The SEC’s Crypto Task Force will be in Dallas, Chicago, and New York on September 4th, 15th, and 25th respectively.
On October 3, 2025, the SEC’s Crypto Task Force will conduct its roundtables in Irvine, California. Later on October 24th and 29th, the agency will conduct its meeting in Cleveland, and Scottsdale, Arizona respectively
On November 12 and December 5th, the SEC’s Crypto Task Force will conduct its roundtables in New York and Ann Arbor, Michigan respectively.
Key Developments
The U.S. The SEC under President Donald Trump’s administration has made deliberate initiatives to enable mainstream adoption of digital assets. Last week, the agency filed a joint motion with Ripple Labs to end a four-year lawsuit.
Late last month, SEC Chair Paul Atkins announced the launch of ‘Project Crypto’ to modernize securities regulations and integrate blockchain technology into American financial markets. The agency has in the recent past engaged fund managers seeking to offer spot crypto ETFs, thus signaling an ETF summer soon.
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The United States Securities and Exchange Commission (SEC) has announced a countrywide initiative to meet with more crypto stakeholders. The SEC announced on Monday that its Crypto Task Force, led by Commissioner Hester Peirce, will host a series of roundtables, with small firms in different cities. According to the announcement, the SEC’s Crypto Task Force …
