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| The consortium now spans 15 countries and is targeting a second-half 2026 launch. |
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May 20, 2026 |
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Your Daily Digest of the π₯Hottest News in Crypto |
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Today’s top stories⚖️ Federal Reserve to report in 120 days on legal path for direct fintech access
π️ Major banks join Qivalis, including ABN AMRO, Rabobank, Nordea and Intesa Sanpaolo
⚖️ CFTC sues Minnesota over new prediction markets ban
π° Keep reading for all of today’s biggest headlines |
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Trump orders review of fintech firms’ access to Fed payment servicesPresident Trump signed an executive order directing federal financial regulators to identify and reduce barriers that may be limiting fintech and crypto innovation, banking partnerships, and access to payment rails. The order specifically instructs the Federal Reserve to review the legal and policy framework for fintech and crypto firms’ access to Fed payment systems and report back within 120 days, including whether and how direct access could be expanded with appropriate risk controls. Regulators are also told to review and potentially update rules and application processes over the next 90 days to streamline fintech partnerships and chartering/licensing pathways, amid ongoing concerns about “debanking.” |
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Euro stablecoin project Qivalis adds 25 banks ahead of launchQivalis, a European banking consortium developing a regulated euro stablecoin, has expanded to 37 member institutions after adding 25 banks across 15 countries, including ABN AMRO, Rabobank, Nordea and Intesa Sanpaolo, ahead of a planned second-half 2026 launch. The group says it aims to embed European standards on data protection, financial stability and regulation under the EU’s MiCA framework as Europe seeks alternatives to US dollar-dominated stablecoins. Spain was the most represented among the new members, reflecting broader signs of growing retail usage of euro-denominated stablecoins. |
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Proof of Talk: The Davos of Web3 commands $18 trillion at the LouvreProof of Talk returns to the Palais du Louvre on June 2-3, bringing together institutional leaders across digital assets, payments and tokenization. More than 120 speakers from JP Morgan, Swift, Mastercard and Franklin Templeton will join the event, representing a combined $18 trillion in AUM. The agenda includes:
Proof of Pitch startup competition with investors from Arrington Capital, Dragonfly, CoinFund and Haun Ventures across both days
StableDay focused on stablecoins, tokenized deposits and payments infrastructure on the 3rd of June
Dedicated discussions on decentralized AI and Bittensor
Attendance is limited to 2,500 participants. 2024 and 2025 editions sold out.
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CFTC sues Minnesota, Governor Tim Walz over prediction markets banThe CFTC has sued Minnesota, Gov. Tim Walz, and other state officials after the state passed what the agency calls the country’s first outright ban on prediction markets, set to take effect Aug. 1. Minnesota’s new law prohibits advertising, creating, or operating prediction-market platforms and treats event contracts on sites like Kalshi and Polymarket as illegal wagers. The CFTC argues it has exclusive federal jurisdiction over these contracts under the Commodity Exchange Act and is asking the court to block the law, warning it would criminalize federally approved exchanges and CFTC-permitted contracts.
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[Cointelegraph Acceleration]Introduce your conceptUtilizing WhatsApp’s interface, the payment platform aims to deliver fast and tamperproof escrow for everyday consumers.
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Bitcoin’s ‘momentum is fading’: Traders have these support levels in mindBitcoin’s recent rally is losing steam after an 8% drop from above $82,000 to around $76,000–$77,200. Analysts including Swissblock, Axel Adler Jr, and Glassnode point to “momentum exhaustion,” with key momentum indicators turning negative and the short-term holder cost basis/market “mean” near $78,000 now acting as immediate resistance. Traders are focused on the $74,000–$76,000 support zone, which aligns with major moving averages and has held repeatedly over the past two years. If that area breaks, the next support sits near $72,000–$70,000; losing that could open the door to $65,000 and potentially a retest below $60,000, with some analysts flagging even deeper downside targets if multiple supports fail.
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