★IMF warns tokenized finance could amplify market crises, urges central bank-anchored settlement

"The IMF's warning signals a potential regulatory push for central bank-anchored digital asset settlement, impacting the competitive landscape for private stablecoins and DeFi protocols. This could redirect institutional capital flows towards regulated, on-chain solutions, while simultaneously increasing scrutiny on market infrastructure's systemic risk. Such a shift would fundamentally reshape crypto market structure, prioritizing stability and control over pure decentralization."