International Meme Fund
IMFMeme-based stablecoin protocol
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Project Overview
IMF(International Meme Fund) is a DeFi protocol that allows users to deposit their blue-chip memes and borrow native meme-backed unstablecoin, $MONEY. IMF provides liquidity pools (LPs) for trading memes against $MONEY. The protocol's native equity and utility token is $IMF, which is used to accrue and distribute protocol revenue. Protocol revenue comes from interest paid by borrowers of $MONEY. In addition to borrowing, users can provide liquidity by pairing their memes with $MONEY (e.g., PEPE/MONEY LP) and earn trading fees + $IMF emissions.
After violating Bitcoin holdings limit and receiving a waiver, IMF completes second and third reviews of El Salvador's $1.4 billion financing facility and disburses $139 million
Odaily reports: Bitcoin News posted on the X platform that the International Monetary Fund has completed the second and third reviews of El Salvador's $1.4 billion financing facility, disbursing $139 million, and granted a waiver after the country violated its Bitcoin holdings limit. The IMF now expects that, apart from documented donations, the Salvadoran government will not purchase additional Bitcoin and will enhance the transparency of its public Bitcoin holdings.
IMF Approves $138 Million Disbursement to El Salvador, Requires Reduced State Involvement in Bitcoin Activities
Odaily reports: The International Monetary Fund (IMF) has completed the second and third reviews of El Salvador's 40-month Extended Fund Facility, approving an immediate disbursement of approximately $138 million under the $1.4 billion financing program. Despite some performance criteria not being met, the IMF granted waivers based on corrective measures and recommitments.The IMF stated that El Salvador will continue to reduce state involvement in Bitcoin-related activities, strengthen crypto asset regulation, governance, and transparency of public sector crypto asset holdings, and will not accumulate additional Bitcoin beyond already recorded donations. The majority stake and operational control of the government's Chivo Bitcoin wallet have been transferred to a private operator. (Cointelegraph)
IMF Confirms El Salvador's Bitcoin Purchase Funds Come from Private Donations, Not Public Funds
According to CoinDesk, the IMF confirmed that all new Bitcoin accumulated by El Salvador since its first review in June 2025 came exclusively from private donations, without utilizing any public funds. El Salvador's official Bitcoin holdings have now reached 7,764.37 BTC. The balance had previously surged by more than 1,000 BTC in November alone, and has since been increasing at a pace of one BTC per day. The IMF did not disclose the identities of the donors or the specific donation amounts. Meanwhile, both parties reached a staff-level agreement on the second and third joint reviews of the $1.4 billion financing program. El Salvador is expected to receive approximately $140 million, pending IMF Executive Board approval for it to take effect.
All funding comes from private donations; IMF says El Salvador is not expected to accumulate more Bitcoin in the future
Bitcoin News posted on X platform stating that the IMF said El Salvador's Bitcoin accumulation since the first project review in June 2025 has been fully funded by private donations, without utilizing public resources. The Salvadoran government is not expected to continue accumulating Bitcoin in the future, except for recorded donations. This disclosure comes as IMF staff have reached an agreement with El Salvador on the latest project review, which could unlock an additional $140 million in financing.
El Salvador's Bitcoin reserve grows to 7,762 BTC, worth approximately $598 million
Odaily News: The Salvadoran government added 1 Bitcoin to its national Bitcoin reserve this week, bringing total holdings to 7,762 BTC. At a Bitcoin price of approximately $77,000, these holdings are valued at around $598 million.The International Monetary Fund (IMF) previously required El Salvador to halt public sector Bitcoin purchases as part of its $1.4 billion financing agreement, and to make merchant acceptance of Bitcoin voluntary. Related legal amendments revoked Bitcoin's status as legal tender but did not end the policy of accumulating reserves.El Salvador became the first country to adopt Bitcoin as legal tender in 2021 and has continued its policy of purchasing 1 Bitcoin daily. Between January and April this year, the government added more than 1,600 Bitcoin to its reserves. (Bitcoin.com News)
Mark Cuban and Michael Burry Warn of AI Bubble Risks, Comparing Nvidia's Financing Model to the Dot-Com Era
Odaily News: Investor Mark Cuban and "The Big Short" investor Michael Burry have recently issued warnings about valuation risks in Nvidia (NVDA) and AI stocks. Cuban stated on X that the current AI capital cycle bears similarities to the dot-com bubble of the 1990s, arguing that Nvidia is playing the role the IPO market did back then, fueling continuous capital inflows by supporting customers' purchases of AI chips.Burry, meanwhile, has focused on the rising cost of Nvidia's credit default swaps (CDS), noting that the scale of the "circular financing" driven by Nvidia is expanding. He believes that some AI demand relies on financing support, and future revenue may be built on complex capital cycles.Earlier, Nvidia's stock price fell approximately 5% in a single day, erasing about $250 billion in market value. The IMF and the Bank for International Settlements have also previously flagged potential systemic risks from AI circular financing. However, Nvidia CEO Jensen Huang dismissed such criticism as "absurd." (TheStreet)
Li Bo is set to step down as IMF Deputy Managing Director, having played a pioneering role in stablecoin regulation.
According to Caixin, IMF Managing Director Kristalina Georgieva announced that First Deputy Managing Director Li Bo will step down at the end of his term on November 30, 2026, and proposed that Liao Liu, Deputy Minister of China’s Ministry of Finance, succeed him, with the appointment taking effect on December 1, 2026. Over the past five years, Li Bo has spearheaded the launch of the IMF’s first corporate risk management policy and roadmap, and driven the modernization of its data governance framework.
Lagarde: Eurozone economy shows resilience, digital euro nears launch
According to Cointelegraph, ECB President Lagarde stated at the IMF annual meeting held on Saturday that the Eurozone's inflation rate in September was 3.8%, primarily driven by high energy costs. The ECB expects energy costs to ease next year, but the energy shock will still keep Eurozone inflation above the target level in the first half of 2027, making a moderate policy response appropriate. Lagarde also noted that the ECB is preparing the digital euro to complement cash and meet everyday payment needs. She added that the digital euro will further stimulate innovation and competition in the retail payments sector and ensure the coexistence of public and private payment schemes, supporting Europe's strategic autonomy in payments.
IMF Warns: Tokenized Assets Reach $65.1 Billion, Automatic Liquidation Could Amplify Financial Shocks
Odaily News: The International Monetary Fund (IMF) noted in Chapter 3 of its October 2026 Global Financial Stability Report that, as of July 31, excluding repurchase agreements and stablecoins, the scale of tokenized real-world assets reached approximately $65.1 billion, including $30.4 billion in tokenized credit, $17.5 billion in money market funds, and $2.3 billion in tokenized equities.The report pointed out that automatic liquidation, instant settlement, continuous trading, and programmable collateral could accelerate forced liquidations and amplify financial shocks when markets come under stress. The cross-platform reuse of collateral could also increase leverage, causing risks to transmit more rapidly across different institutions and markets.The IMF identified legal certainty, regulatory clarity, blockchain network interoperability, and reliable settlement assets as four obstacles to the broader adoption of tokenized markets, and recommended adopting technology-neutral regulation, strengthening oversight, implementing circuit breakers, and preventing instability from automatic liquidation. (Bitcoin.com News)
QCP：BTC 守稳 80,000 美元支撑、87,000 美元压力待破
据 QCP Group 市场报告，BTC 在经历去年 10 月最大单日清算事件一周年后表现相对稳健，尽管市场对美国政府转移大量 BTC 及 Ledger 遭黑客攻击的消息有所担忧，价格仍维持区间震荡。BTC 多次冲击 87,000 美元未果，但下方 80,000 美元支撑较为稳固。期权市场方面，隐含波动率维持高位，看跌期权溢价收窄，市场整体偏向等待突破而非防御性布局；若 BTC 有效突破 87,000 美元，下一目标位或指向 94,000 美元。 值得关注的是，市场存在一笔较大规模的 10 月 30 日到期 90,000/95,000/100,000 美元看涨蝶式期权多头头寸，为当前月末最大持仓集中点。本周宏观面将迎来关键考验，周三（10 月 14 日）美国 CPI、周四（10 月 15 日）PPI 数据相继公布，周五（10 月 16 日）美联储主席 Warsh 将在 IMF-世界银行年会发表讲话，市场目前对 10 月加息的概率定价约为 17%，上述数据及政策信号或成为 BTC 方向选择的重要触发点。
IMF: Tokenized Assets Reach $65 Billion, but Liquidity and Regulation Remain Barriers to Adoption
Odaily News: The International Monetary Fund (IMF) stated that the tokenized financial market is growing rapidly, but legal uncertainty, insufficient interoperability, and the lack of a widely recognized settlement asset could still limit its further development.In its latest analysis, the IMF noted that as of July, the scale of tokenized real-world assets (RWA) was approximately $65 billion, still relatively small compared to the roughly $300 trillion in global capital market assets. Among these, tokenized credit products accounted for approximately $30.4 billion, money market funds approximately $17.5 billion, and tokenized equities approximately $2.3 billion.The IMF stated that tokenized equities are attracting investors by supporting 24/7 trading and fractional ownership, but their liquidity is significantly lower than traditional markets, with actual volatility approximately 1.5 times that of traditional stocks. As the tokenized market expands, increased market correlation and leverage could amplify liquidity risks, concentrated selling, and risk contagion.The IMF said tokenization could reshape financial markets, but future development will depend more on improved policy frameworks, market depth, trust mechanisms, and risk protection measures. Currently, since the market size remains relatively small, the systemic risks posed by tokenized assets are limited. (Cointelegraph)
IMF notes that the tokenized market faces volatility and liquidity risks.
The IMF warns that tokenized equities have lower liquidity and volatility 1.5 times that of traditional assets, and as the market expands, it may trigger sell-offs and run risks, calling for a clear regulatory framework.
IMF: Tokenized Assets Reach $65 Billion, but Liquidity and Regulation Remain Barriers to Adoption
Odaily News: The International Monetary Fund (IMF) stated that the tokenized financial market is growing rapidly, but legal uncertainty, insufficient interoperability, and the lack of a widely recognized settlement asset could still limit its further development.In its latest analysis, the IMF noted that as of July, the scale of tokenized real-world assets (RWA) was approximately $65 billion, still relatively small compared to the roughly $300 trillion in global capital market assets. Among these, tokenized credit products accounted for approximately $30.4 billion, money market funds approximately $17.5 billion, and tokenized equities approximately $2.3 billion.The IMF stated that tokenized equities are attracting investors by supporting 24/7 trading and fractional ownership, but their liquidity is significantly lower than traditional markets, with actual volatility approximately 1.5 times that of traditional stocks. As the tokenized market expands, increased market correlation and leverage could amplify liquidity risks, concentrated selling, and risk contagion.The IMF said tokenization could reshape financial markets, but future development will depend more on improved policy frameworks, market depth, trust mechanisms, and risk protection measures. Currently, since the market size remains relatively small, the systemic risks posed by tokenized assets are limited. (Cointelegraph)
IMF notes that the tokenized market faces volatility and liquidity risks.
The IMF warns that tokenized equities have lower liquidity and volatility 1.5 times that of traditional assets, and as the market expands, it may trigger sell-offs and run risks, calling for a clear regulatory framework.
Deutsche Bank: Gold in Fifth Explosive Phase Since 1979, Fair Value Points to $4,700 to $5,100
According to TechFlow Research, a Deutsche Bank research report on August 13 pointed out that gold is currently in its fifth explosive price phase since 1979, which started in August 2024 and has lasted about 24 months so far, with a peak BSADF statistic of 3.29. The superposition of four factors—central bank gold purchases, de-dollarization, geopolitical risks, and interest rate cut expectations—is driving this round of market performance. Deutsche Bank pointed out that the core difference between this round and the four historical explosive phases (the 1980 Soviet invasion of Afghanistan, the 2008 subprime mortgage crisis, the 2011 European debt crisis, and the 2020 pandemic shock) lies in the fact that the driving force has shifted from inflation or crisis-driven to the structural behavior of central bank gold purchases. The research report predicts that the baseline scenario for gold's fair value points to USD 4,700 to 5,100 per ounce. The basic model shows the current fair price is about USD 4,700, representing about 20% upside potential compared to the current price. Central bank gold purchases since Q3 2022 have grown 6 times compared to the 2016 to 2021 levels; about half of official gold purchases are not reported in IMF data, and this portion of "unreported demand" remains at a high level. Global gold ETF 30-day rolling inflows are about 1.5 million ounces, and Asian buyers continue to increase holdings. The gold-silver ratio is at a high level, but the shortage of physical silver is easing, and correction signals are unclear.
Mark Cuban and Michael Burry Warn of AI Bubble Risks, Comparing Nvidia's Financing Model to the Dot-Com Era
Odaily News: Investor Mark Cuban and "The Big Short" investor Michael Burry have recently issued warnings about valuation risks in Nvidia (NVDA) and AI stocks. Cuban stated on X that the current AI capital cycle bears similarities to the dot-com bubble of the 1990s, arguing that Nvidia is playing the role the IPO market did back then, fueling continuous capital inflows by supporting customers' purchases of AI chips.Burry, meanwhile, has focused on the rising cost of Nvidia's credit default swaps (CDS), noting that the scale of the "circular financing" driven by Nvidia is expanding. He believes that some AI demand relies on financing support, and future revenue may be built on complex capital cycles.Earlier, Nvidia's stock price fell approximately 5% in a single day, erasing about $250 billion in market value. The IMF and the Bank for International Settlements have also previously flagged potential systemic risks from AI circular financing. However, Nvidia CEO Jensen Huang dismissed such criticism as "absurd." (TheStreet)
Nigerian President Signs Executive Order to Establish Virtual Assets Committee and Coordinate Crypto Regulation
Odaily News: Nigerian President Bola Ahmed Tinubu has signed an executive order to coordinate virtual asset regulation, enhance cooperation between the country's financial, tax, and capital market institutions, and address the fragmentation of digital asset regulation. The executive order establishes a Virtual Assets Committee composed of heads from Nigeria's major financial regulatory agencies to guide relevant policies. Nigeria's tax authority will update digital asset policies and provide more details on the impact on taxpayers. Bayo Onanuga, Special Adviser to the President, stated that the executive order does not create new regulatory agencies nor transfer powers between agencies; each institution retains its statutory duties and independence, and registration requirements will be determined based on the nature of the activity and the assets involved. A June report from the International Monetary Fund (IMF) shows that since 2019, Nigeria has accounted for approximately 60% of stablecoin inflows in Sub-Saharan Africa; between July 2023 and June 2024, the country's cryptocurrency inflows reached approximately $59 billion.
IMF Calls on Nepal to Establish Crypto Regulatory Framework, Citing Rapid Growth in Crypto and Stablecoin Inflows in Recent Years
The International Monetary Fund (IMF) stated in its latest annual assessment of Nepal that, despite Nepal’s comprehensive ban on cryptocurrency transactions and mining since 2021, inflows of cryptocurrencies and stablecoins grew rapidly between 2019 and 2024—peaking at over 13% of GDP in 2021 and rebounding to approximately 8% in 2024, with cross-border flows amounting to roughly 5% of GDP. The IMF recommends that Nepal establish a cryptocurrency regulatory framework aligned with international standards, strengthen monitoring of stablecoins and unbacked crypto assets to prevent circumvention of capital controls and large-scale deposit outflows, and urges Nepal to complete the FATF action plan and exit the “gray list.”
China & U.S. September CPI and ASML, TSMC Q3 Earnings Preview
September core data for China and the U.S., including CPI, M2, and trade balances, will be released next week. ASML and TSMC will release their Q3 earnings reports on Wednesday, while Fed Chair Walsh will attend the IMF Annual Meetings and speak on Friday.
IMF: Over Half of Tokenized US Stock Trades Occur Outside Regular Trading Hours, Market Still Faces Liquidity and Stability Risks
The International Monetary Fund (IMF) noted that tokenized US stocks support 24/7 trading and fractional share ownership, with over half of trades occurring outside regular market trading hours and approximately 80% of trades involving less than 1 share.The IMF stated that overnight price movements contain valid information, with over 85% of these price changes being reflected in traditional stock prices within 5 minutes of market open.The IMF pointed out that the tokenized stock market remains relatively small and fragmented, and while it can improve settlement and automation processes, enhanced legal, liquidity, and interoperability safeguards are needed. (CoinDesk)
IMF: Tokenized Assets Reach $65 Billion, but Liquidity and Regulation Remain Barriers to Adoption
Odaily News: The International Monetary Fund (IMF) stated that the tokenized financial market is growing rapidly, but legal uncertainty, insufficient interoperability, and the lack of a widely recognized settlement asset could still limit its further development.In its latest analysis, the IMF noted that as of July, the scale of tokenized real-world assets (RWA) was approximately $65 billion, still relatively small compared to the roughly $300 trillion in global capital market assets. Among these, tokenized credit products accounted for approximately $30.4 billion, money market funds approximately $17.5 billion, and tokenized equities approximately $2.3 billion.The IMF stated that tokenized equities are attracting investors by supporting 24/7 trading and fractional ownership, but their liquidity is significantly lower than traditional markets, with actual volatility approximately 1.5 times that of traditional stocks. As the tokenized market expands, increased market correlation and leverage could amplify liquidity risks, concentrated selling, and risk contagion.The IMF said tokenization could reshape financial markets, but future development will depend more on improved policy frameworks, market depth, trust mechanisms, and risk protection measures. Currently, since the market size remains relatively small, the systemic risks posed by tokenized assets are limited. (Cointelegraph)
IMF: Tokenization Market Development Faces Four Major Constraints Including Legal, Regulatory, and Interoperability Issues
According to the analytical section of the latest Global Financial Stability Report published by the International Monetary Fund (IMF), while the tokenized asset market is growing rapidly, its current scale remains small and highly fragmented. The full realization of its potential is primarily constrained by four factors: legal certainty, regulatory clarity, cross-platform interoperability, and the availability of safe settlement assets. Data shows that tokenization activities are currently concentrated in the repurchase agreement market, with an average daily trading volume of approximately $300 billion to $350 billion, which remains in its early stages compared to the scale of traditional finance.
Polymarket's "Average number of ships transiting the Bab el-Mandeb Strait by end of September less than 25" probability is currently at 9%, down 38% in 24 hours
Monitoring by the PPP prediction market tool shows that Polymarket's "Average number of ships transiting the Bab el-Mandeb Strait by end of September less than 25" probability is currently at 9%, down 38% in 24 hours.This is based on the ship transit data for the Bab el-Mandeb Strait published by IMF Portwatch, specifically the 7-day moving average of "Arrivals of Ships" on September 30, 2026.The statistical scope includes container ships, dry bulk carriers, roll-on/roll-off ships, general cargo ships, and tankers. Ships not tracked by IMF Portwatch are not included.If rounded figures in the chart versus the original unrounded figures in the downloadable file affect the final settlement result, the unrounded figures shall prevail.Settlement can occur once the data is published. If the corresponding data for September 30 is still not published within 14 calendar days thereafter, the latest available data at that time shall be used for settlement.If the initially published data contains obvious entry or data integrity errors, the market may wait up to the end of the 3rd calendar day after the data is published for an official correction. However, "IMF data differing from other institutions' data" does not count as a data error.Join the PPP signal push community to stay one step ahead and seize the initiative.
All funding comes from private donations; IMF says El Salvador is not expected to accumulate more Bitcoin in the future
Bitcoin News posted on X platform stating that the IMF said El Salvador's Bitcoin accumulation since the first project review in June 2025 has been fully funded by private donations, without utilizing public resources. The Salvadoran government is not expected to continue accumulating Bitcoin in the future, except for recorded donations. This disclosure comes as IMF staff have reached an agreement with El Salvador on the latest project review, which could unlock an additional $140 million in financing.
Related news
Li Bo is set to step down as IMF Deputy Managing Director, having played a pioneering role in stablecoin regulation.
According to Caixin, IMF Managing Director Kristalina Georgieva announced that First Deputy Managing Director Li Bo will step down at the end of his term on November 30, 2026, and proposed that Liao Liu, Deputy Minister of China’s Ministry of Finance, succeed him, with the appointment taking effect on December 1, 2026. Over the past five years, Li Bo has spearheaded the launch of the IMF’s first corporate risk management policy and roadmap, and driven the modernization of its data governance framework.
Lagarde: Eurozone economy shows resilience, digital euro nears launch
According to Cointelegraph, ECB President Lagarde stated at the IMF annual meeting held on Saturday that the Eurozone's inflation rate in September was 3.8%, primarily driven by high energy costs. The ECB expects energy costs to ease next year, but the energy shock will still keep Eurozone inflation above the target level in the first half of 2027, making a moderate policy response appropriate. Lagarde also noted that the ECB is preparing the digital euro to complement cash and meet everyday payment needs. She added that the digital euro will further stimulate innovation and competition in the retail payments sector and ensure the coexistence of public and private payment schemes, supporting Europe's strategic autonomy in payments.
IMF Warns: Tokenized Assets Reach $65.1 Billion, Automatic Liquidation Could Amplify Financial Shocks
Odaily News: The International Monetary Fund (IMF) noted in Chapter 3 of its October 2026 Global Financial Stability Report that, as of July 31, excluding repurchase agreements and stablecoins, the scale of tokenized real-world assets reached approximately $65.1 billion, including $30.4 billion in tokenized credit, $17.5 billion in money market funds, and $2.3 billion in tokenized equities.The report pointed out that automatic liquidation, instant settlement, continuous trading, and programmable collateral could accelerate forced liquidations and amplify financial shocks when markets come under stress. The cross-platform reuse of collateral could also increase leverage, causing risks to transmit more rapidly across different institutions and markets.The IMF identified legal certainty, regulatory clarity, blockchain network interoperability, and reliable settlement assets as four obstacles to the broader adoption of tokenized markets, and recommended adopting technology-neutral regulation, strengthening oversight, implementing circuit breakers, and preventing instability from automatic liquidation. (Bitcoin.com News)
Bank of England Deputy Governor: No Need to Rush CBDC Launch, Hopes Domestic Stablecoins Will Replace US Dollar Stablecoins
According to Bloomberg, Sarah Breeden, Deputy Governor of the Bank of England, stated at the International Monetary Fund (IMF) annual meeting in Bangkok that, given the numerous innovative developments currently advancing in parallel in the digital payments sector, the UK has no immediate plans to introduce a central bank digital currency (CBDC) to the public. Breeden noted that the decision to proceed with a retail CBDC (dubbed "Britcoin") will depend on whether equivalent benefits from tokenization and financial innovation can be achieved through other channels.
QCP：BTC 守稳 80,000 美元支撑、87,000 美元压力待破
据 QCP Group 市场报告，BTC 在经历去年 10 月最大单日清算事件一周年后表现相对稳健，尽管市场对美国政府转移大量 BTC 及 Ledger 遭黑客攻击的消息有所担忧，价格仍维持区间震荡。BTC 多次冲击 87,000 美元未果，但下方 80,000 美元支撑较为稳固。期权市场方面，隐含波动率维持高位，看跌期权溢价收窄，市场整体偏向等待突破而非防御性布局；若 BTC 有效突破 87,000 美元，下一目标位或指向 94,000 美元。 值得关注的是，市场存在一笔较大规模的 10 月 30 日到期 90,000/95,000/100,000 美元看涨蝶式期权多头头寸，为当前月末最大持仓集中点。本周宏观面将迎来关键考验，周三（10 月 14 日）美国 CPI、周四（10 月 15 日）PPI 数据相继公布，周五（10 月 16 日）美联储主席 Warsh 将在 IMF-世界银行年会发表讲话，市场目前对 10 月加息的概率定价约为 17%，上述数据及政策信号或成为 BTC 方向选择的重要触发点。
Key Focus for October 12, 2026: IMF Annual Meeting and Federal Reserve Speeches
On October 12, 2026, markets will focus on the pending IMF and World Bank Annual Meetings, as well as remarks by Federal Reserve official Halmack at 00:10 the following day.