European Central Bank Chief Economist Philip Lane said knock-on effects from higher energy prices will take a while to show up, and policymakers won’t lock themselves into a path for interest rates in the meantime, according to Bloomberg.

The World Bank approved a long-awaited $750 million loan to Kenya to support reforms aimed at strengthening good governance and improving public-finance management, according to Bloomberg.

Australia’s crypto travel rule is set to come into force on Wednesday, adding new information requirements for transfers on locally regulated exchanges. According to NS3.AI, from July, users will need to provide additional details for transfers, including the counterparty name and the platform name. The report said transfers to self-custodial addresses will require users to verify and declare wallet ownership. AUSTRAC will enforce the rule, and it will apply with no minimum value threshold.

SPDR Gold Trust, the world’s largest gold ETF, reported that its holdings were unchanged from the previous day at 1,005.077 tons. According to Jin10, the fund’s latest disclosed holding level remained steady compared with the prior session.

Taiko said its network has returned online and that no users lost funds. According to Foresight News, the team said it has completed the second and third phases of its recovery plan. Taiko stated that cross-chain assets have been matched on a 1:1 basis, fully corresponding to assets on the Ethereum mainnet. It added that users can now transfer, swap, and trade normally. The project said the only remaining step is to reopen cross-chain functionality with the Ethereum mainnet. Taiko said this step is close to completion and that user funds will remain safe during the process.

Dubai is set for an influx of crypto firms as the EU’s MiCA deadline prompts companies to reassess Europe, with some founders shifting to the UAE. European founders are flocking to the UAE for faster licensing, a dedicated crypto regulator and access to markets beyond Europe, according to CoinDesk, citing Dubai lawyer Irina Heaver.

World Liberty Financial issued a cease-and-desist against the $TRUMP Wallet, escalating tensions in the Trump family’s crypto sphere. The wallet’s site went dark Thursday, and Magic Eden’s ME token plunged, highlighting market sensitivity to branding disputes tied to Trump ventures.