Seeds of Wisdom RV and Economic Updates Thursday Morning 1-23-25
Good Morning Dinar Recaps,
CME’S XRP AND SOL FUTURES PAGE GOES LIVE: MAJOR STEP TOWARDS FEBRUARY 10 LAUNCH
In a significant development for the broader cryptocurrency market and ongoing digital asset adoption in the US and globally, the Chicago Mercantile Exchange (CME), the world’s largest derivatives marketplace, briefly added a futures page for XRP and Solana (SOL) to its staging subdomain.
This move indicates preparations for an official announcement regarding the launch of futures contracts for these two leading cryptocurrencies, set to go live on February 10, pending regulatory review.
Good Morning Dinar Recaps,
CME’S XRP AND SOL FUTURES PAGE GOES LIVE: MAJOR STEP TOWARDS FEBRUARY 10 LAUNCH
In a significant development for the broader cryptocurrency market and ongoing digital asset adoption in the US and globally, the Chicago Mercantile Exchange (CME), the world’s largest derivatives marketplace, briefly added a futures page for XRP and Solana (SOL) to its staging subdomain.
This move indicates preparations for an official announcement regarding the launch of futures contracts for these two leading cryptocurrencies, set to go live on February 10, pending regulatory review.
XRP And SOL Futures On The Horizon?
The futures page was briefly visible before being taken down, after a user on social media platform X (formerly Twitter) shared a screenshot revealing its content.
The page highlighted that traders could engage in “regulated capital-efficient futures” for XRP and SOL, emphasizing the flexibility and risk management these contracts would offer.
Specifically, the contracts are expected to be available in both standard and micro-sized formats, allowing investors to scale their exposure to these cryptocurrencies more
Key features of the upcoming contracts include the ability to manage exposure to SOL and XRP through financially settled contracts in US dollars, eliminating the need for a crypto wallet.
This setup positions the CME’s offerings within a regulated environment overseen by the Commodity Futures Trading Commission (CFTC), which is known for its transparent pricing and financial safeguards.
James Seyffart, a Bloomberg expert, commented on the development, stating that the emergence of these futures contracts is both logical and anticipated, given the current market dynamics.
However, despite the excitement surrounding the potential introduction of XRP and SOL futures, market reactions have been relatively muted. Investors appear to be awaiting further official confirmation from the CME before making significant moves.
Short-Term Challenges, But Monthly Performance Remains Strong
At the close of the day, XRP was trading at $3.15, while Solana remained at $249. Both tokens recorded slight losses of approximately 2% over the past 24 hours, reflecting a broader trend in the cryptocurrency market as traders await catalysts to drive prices upward.
While the short-term outlook may seem challenging, both XRP and SOL have seen remarkable gains over the past month, with increases of 32% and 42%, respectively.
Solana recently reached a new record high of $293 just before Donald Trump’s presidential inauguration, while XRP has made impressive strides, hitting a seven-year high of $3.38, though it still falls short of its previous peak of $3.40 from the 2018 market rally.
As the market anticipates official confirmation regarding the CME’s futures contracts, the potential for XRP and SOL to enter a new price discovery phase remains.
If these futures are officially launched, they could significantly impact trading activity and investor sentiment for both cryptocurrencies, paving the way for further institutional interest and market growth.
@ Newshounds News™
Source: Bitcoinist
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COINBASE EXECUTIVE DISCOVERS 430 BTC IN DOZENS OF ROSS ULBRICHT’S DORMANT WALLETS, VALUED AT $47M
▪️Coinbase exec discovers 430 Bitcoins linked to Ross Ulbricht, now worth $47M, untouched for over 13 years.
▪️Trump’s pardon of Ross Ulbricht sparks debate, as crypto community celebrates his release despite Silk Road’s criminal activities.
President Trump has kept one of his reelection promises by pardoning Ross Ulbricht, the founder of Silk Road and a key figure in the early days of Bitcoin, who has been in prison for 12 years. In a recent tweet, a Coinbase executive claimed that he discovered Bitcoin linked to Ross, valued at nearly $47 million, which has been untouched for more than 13 years.
430 Bitcoins Excluded from Government Seizure
Conor Grogan, Coinbase’s Director of Product Strategy and Business Operations, recently announced that he discovered around 430 bitcoins in several wallets linked to Ross Ulbricht, the founder of Silk Road.
This discovery comes after Ulbricht received a full pardon from President Donald Trump information
Grogan highlighted that these bitcoins, valued at approximately $47 million today, were not part of the 174,000 BTC seized by U.S. authorities. This seizure occurred from Silk Road-affiliated wallets after the platform was shut down in 2013. These bitcoins have remained untouched for over 13 years.
In his post on X, Grogan shared a screenshot of what he believes is one of Ulbricht’s Bitcoin addresses, which currently holds 88.7 BTC, as verified by the blockchain explorer Mempool.
Conor said, “Back then these were probably dust wallets, now, collectively, they are worth about $47M. Welcome back Ross.”
He noted that these funds were likely considered insignificant at the time but now represent a significant value. Grogan also mentioned the possibility that Ulbricht might still have access to the private keys, suggesting that time would tell if they can be recovered.
Despite his criminal activities, Mr. Ulbricht remains popular among crypto enthusiasts because Silk Road was an early platform for Bitcoin transactions. His supporters believe his sentence was too harsh and have promoted the “Free Ross” slogan at industry events and online.
Why did Trump Pardon Ross Ulbricht?
President Trump’s pardon of Ross Williams Ulbricht follows through on his campaign pledges to confront what he calls a “weaponized government.” In a post on Truth Social announcing the pardon, Trump labeled Ulbricht’s conviction as a result of political corruption and openly criticized the prosecutors.
Ulbricht is celebrated as a cult hero among crypto enthusiasts, who see Silk Road as an early adopter of Bitcoin. The “Free Ross” slogan has been a popular rallying cry at blockchain events and in online forums for years.
The crypto community, having reportedly donated over $100 million to Trump’s reelection campaign, played a significant role in Ulbricht’s release.
However, critics are concerned that pardoning Ross Ulbricht could lead to more lenient treatment for similar crimes in the future. They point out the serious harm from drugs traded on Silk Road, arguing that it sends the wrong message about holding people accountable for profiting from illegal activities.
@ Newshounds News™
Source: Coinpedia
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Some Thoughts On Today’s Record High Prices
Some Thoughts On Today’s Record High Prices
Notes From the Field By James Hickman (Simon Black) January 22 2025
Herbert Hoover was an unstoppable force in 1928.
The Roaring Twenties were in full swing. Prosperity (it seemed) was everywhere. The stock market was soaring. People were making money hand over fist. And Hoover was the ‘status quo’ Presidential candidate that year.
In other words, a vote for Hoover was a vote for the good times to continue. And the guy vanquished his opponent on election day, November 6, 1928, by one of the most lopsided margins in history up to that point.
Some Thoughts On Today’s Record High Prices
Notes From the Field By James Hickman (Simon Black) January 22 2025
Herbert Hoover was an unstoppable force in 1928.
The Roaring Twenties were in full swing. Prosperity (it seemed) was everywhere. The stock market was soaring. People were making money hand over fist. And Hoover was the ‘status quo’ Presidential candidate that year.
In other words, a vote for Hoover was a vote for the good times to continue. And the guy vanquished his opponent on election day, November 6, 1928, by one of the most lopsided margins in history up to that point.
So the euphoria continued. In the four months between Hoover’s election victory in November, and his inauguration in early March, the stock market soared by more than 20%.
Optimism was everywhere. And, convinced that asset prices would only go up, Americans borrowed heavily to buy shares on the stock market.
But it was less than eight months into Hoover’s presidency that the stock market crashed... and all that confidence quickly evaporated. The Dow Jones Industrial Average went on to lose nearly 90% of its value over the next three years.
Now, don’t get me wrong— I’m not predicting an imminent crash of the stock market. America’s economy today is fundamentally different than it was in 1929.
But there are some similarities.
One key similarity is that stock valuations, i.e. the amounts that investors are willing to pay for every dollar of a company’s earnings, revenue, and/or assets, are more stretched than they were even in 1929.
And the cause is also similar.
By 1929 the Federal Reserve was still pretty new; it had only been formed in 1913, and had spent most of the decade engaged in a rate-cutting monetary bonanza that fueled wild financial speculation.
Roughly nine decades later, the Fed engaged in a similar monetary bonanza as the pandemic began. They conjured trillions of dollars out of thin air and slashed rates to zero, sparking one of the most extreme speculative bubbles in financial history.
I’m sure you remember: even the most outrageous assets— meme stocks, shitcoins, and ‘artwork’ consisting of a banana duct-taped to the wall, traded hands for unbelievable prices.
Interest rates have risen significantly since then, and the Fed has made some efforts to make tiny reductions to the money supply. But most of the excesses still remain— hence historically high stock market valuations like Price/Earnings ratios, or the total stock market capitalization to GDP ratio.
If stock market valuations were to return to historic averages, it would require either a sharp decline in stock prices... or an extended period of stagnant market performance.
But again, I’m not predicting this is going to happen. There’s absolutely no reason why stocks can’t remain expensive... or become even more expensive. Historic averages are indicators of some deviation from the norm. But they don’t dictate immediate outcomes.
But for investors, this environment presents a dilemma. On one hand, it’s difficult to justify paying record high prices for assets at super-stretched valuations. Yet, again, on the other hand, historically high valuations don’t necessarily mean that a collapse or pullback is imminent.
But there is an alternative worth considering.
Early in his career, Warren Buffett favored an ultra deep-value strategy that focused on buying companies trading at steep discounts to their intrinsic worth.
Some of these businesses were of questionable quality. In a way, Buffett was willing to buy almost anything if it were cheap enough.
But soon his long-time partner Charlie Munger entered the picture and introduced Buffett to a transformative idea: instead of sifting through mediocre companies simply because they were cheap, why not seek out high-quality businesses with durable competitive advantages, even if they came at a higher— but still fair— price?
Buffett eventually understood the axiom: “it’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”
(Obviously it’s even better if you can find wonderful businesses at wonderful prices.)
Where can you find that today?
Well, it’s very difficult in the US. There are some wonderful businesses. But it’s hard to argue that a 100x Enterprise Value to Free Cash Flow ratio is a “fair price”.
But if you expand your horizons abroad, there are fantastic businesses around the world that trade for next to nothing. It seems like everyone is buying US stocks, but they completely ignore amazing deals overseas.
Another option we’ve talked about many times before is the real asset sector, i.e. vital resources and commodities such as metals, energy, agriculture, and productive technology.
There is a severe lack of investment in many of these real asset companies, to the point where certain commodities are becoming scarce relative to demand.
Uranium is a great example. There is now literally a supply deficit, i.e. not enough production to meet demand. And given the momentum for nuclear power, uranium is poised to become one of the world’s most important resources.
Gold is another example. For years, exploration has been lackluster, partly due to lack of investor interest in the sector. Remaining mine reserves are dwindling, and future gold production is questionable.
Yet demand for gold has skyrocketed— mostly from central banks who have been dumping their US dollars. So the gold miners who have efficient production, high quality mines, and solid reserves are making huge profits... yet their share prices have barely moved.
In other words, investors would rather pay 100x earnings for a popular tech stock than pay 3x earnings for a profitable, debt-free, dividend paying gold stock.
Again, the stock market could keep flying higher to even more dizzying heights. But there are definitely some excellent companies out there which offer profits, dividends, and substantial value— if you’re willing to look beyond the mainstream.
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
PS- We routinely name specific real asset companies, which we believe are primed to boom under these conditions, in Schiff Sovereign Premium.
We focus on businesses which have valuations just 4 or 5 times their yearly free cash flow, and often pay out a lot of those profits through dividends.
https://www.schiffsovereign.com/trends/some-thoughts-on-todays-record-high-prices-152000/
“Tidbits From TNT” Thursday Morning 1-23-2025
TNT:
Tishwash: Al-Haimus: We were able to increase the business of the Iraq Stock Exchange by about 16 percent
The Chairman of the Securities Commission, Faisal Al-Haimus, announced today, Thursday, that the Commission was able to increase the business of the Iraq Stock Exchange by about 16 percent, while pointing to cooperation with the World Bank on governance.
Al-Haimus told the Iraqi News Agency (INA): "During the past year, we were able to increase the business of the Iraq Stock Exchange by about 16 percent," expressing his "hope that the current year will be a stronger start on the subject of benefiting from the agreements signed with the Abu Dhabi Financial Market and the Saudi Market, which will help attract investors from abroad and increase the business of the Iraq Stock Exchange."
TNT:
Tishwash: Al-Haimus: We were able to increase the business of the Iraq Stock Exchange by about 16 percent
The Chairman of the Securities Commission, Faisal Al-Haimus, announced today, Thursday, that the Commission was able to increase the business of the Iraq Stock Exchange by about 16 percent, while pointing to cooperation with the World Bank on governance.
Al-Haimus told the Iraqi News Agency (INA): "During the past year, we were able to increase the business of the Iraq Stock Exchange by about 16 percent," expressing his "hope that the current year will be a stronger start on the subject of benefiting from the agreements signed with the Abu Dhabi Financial Market and the Saudi Market, which will help attract investors from abroad and increase the business of the Iraq Stock Exchange."
Al-Haimus added that "cooperation has been made with the World Bank on governance, and we will have completed it by the end of the first quarter of this year." link
Tishwash: Al-Mashhadani: Iraqi-American relations will remain stable under Trump
Parliament Speaker Mahmoud Al Mashhadani expects bilateral relations between Iraq and the United States to stabilize under the new US President Donald Trump.
Al-Mashhadani said in a televised statement: "Trump's agenda is economic, not military, and he wants to put out fires and wars. Iraq is an oil country with many resources, and relations with America will remain stable."
He explained that "the Popular Mobilization Forces are a security institution and their existence is legal and linked to the Commander-in-Chief of the Armed Forces. The factions outside the control of the Commander-in-Chief of the Armed Forces are the ones being discussed.
" Al-Mashhadani ruled out "the United States and Iran going into conflict."
He pointed out that "if we need the presence of the international coalition, they will remain, and otherwise we will deal with it in the old way, which is negotiation," stressing that "coordination between the presidencies is at the highest levels."
The Speaker of the House of Representatives considered that "the current parliamentary session was born weak, and the election year is the weakest in terms of legislative and oversight productivity," noting that "the resolution of the accountability and justice file will be judicial." link
**************
Tishwash: Hantoush: Electronic payment reduces the cost of paper currency and supports economic transparency
Researcher and specialist in financial and banking Mustafa Hantoush confirmed today, Tuesday, that electronic payment reduces the costs of paper currency and supports economic transparency.
Hantoush said in a statement to the Al-Maalouma Agency, “There are major developments in the electronic payment sector in Iraq,” noting that “the government has formed a special committee in cooperation with the Central Bank to support this system.”
He pointed out that "the value of electronic payment in Iraq witnessed a huge leap, as it did not exceed 300 billion dinars during the years 2020-2021, but today it has reached 10 trillion dinars," indicating that "this development was accompanied by a significant expansion in the use of financial technology within state departments, as the number of government departments that rely on this system increased from only 8 departments to more than 600 departments.”
He added, "The number of point-of-sale (POS) devices has witnessed remarkable growth, jumping from 8,000 devices to more than 40,000 devices, reflecting the rapid expansion in the infrastructure needed to implement electronic payment systems."
He explained that "electronic payment exempts the state from the high cost of printing paper currency, in addition to providing solutions to the cash liquidity crisis. It also enables the government to accurately read the market, monitor profitable sectors, and determine the locations of money flow, which contributes to strengthening the national economy."
He pointed out that "the government has succeeded in marketing the culture of electronic payment, but it still needs to exert more efforts to enhance public awareness about the importance of this system and increase reliance on it." link
Mot: run spot run
Mot: Good Thing Florida Was Ready fer Da Snow!!!!
Seeds of Wisdom RV and Economic Updates Wednesday Evening 1-22-25
Good Evening Dinar Recaps,
COINBASE SEEKS COURT RULING TO CLARIFY CRYPTO TRADES AND CHALLENGE SEC’S AUTHORITY: BLOOMBERG
As per a latest Bloomberg report, Coinbase Inc. asked the Second Circuit to say that digital token trades on its platform aren’t transactions governed under federal securities law.
“There is no more pressing issue in securities law today than the scope of the Securities and Exchange Commission’s authority to regulate secondary trades of digital assets,” Coinbase said in its petition docketed in the US Court of Appeals for the Second Circuit. The appeals court could “clear away the cloud that currently hangs over the cryptocurrency market,” it noted.
Good Evening Dinar Recaps,
COINBASE SEEKS COURT RULING TO CLARIFY CRYPTO TRADES AND CHALLENGE SEC’S AUTHORITY: BLOOMBERG
As per a latest Bloomberg report, Coinbase Inc. asked the Second Circuit to say that digital token trades on its platform aren’t transactions governed under federal securities law.
“There is no more pressing issue in securities law today than the scope of the Securities and Exchange Commission’s authority to regulate secondary trades of digital assets,” Coinbase said in its petition docketed in the US Court of Appeals for the Second Circuit. The appeals court could “clear away the cloud that currently hangs over the cryptocurrency market,” it noted.
Second Circuit Ruling Could Accelerate Resolution
Notably, A decision by the Second Circuit stating that token trades aren’t securities transactions could speed up the end of the SEC’s case against Coinbase and ease US crypto regulations. The Trump administration has indicated that it will provide crypto companies with greater regulatory flexibility.
The case gives the appeals court a chance to weigh how it should apply the “Howey test” to crypto transactions.
Coinbase argued in its brief that trades on its platform are not investment contracts, but asset sales. The US District Court for the Southern District of New York granted Coinbase’s request to seek an immediate appeal earlier this month in an SEC enforcement suit.
The US Chamber of Commerce and Blockchain Association have filed briefs supporting the Second Circuit’s review of the Coinbase case.
They highlighted that the lack of clarity on whether crypto trades are investment contracts could have negative effects, as federal courts remain divided on the issue.
The Need For Legal Clarity
The SEC sued Coinbase in 2023, accusing the platform of operating as an unregistered securities exchange. Coinbase argues that its crypto trades aren’t investment contracts and thus not under SEC jurisdiction.
Coinbase’s chief legal officer emphasized the need for legal clarity on this issue. Meanwhile, Trump’s SEC has created a “crypto task force” to develop a clear regulatory framework, and the US Court of Appeals has ordered the SEC to explain its refusal to provide crypto-specific rules.
@ Newshounds News™
Source: Coinpedia
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REPUBLICANS SEEK TO OVERTURN IRS CRYPTO BROKER RULE
Corresponding resolutions were introduced to “roll back the disastrous” rule requiring custodial brokers to report transactions
Congressional Republicans are working to reverse new IRS guidelines that require so-called “custodial brokers” to report transactions.
Rep. Mike Carey and Sen. Ted Cruz this week introduced corresponding resolutions seeking to “roll back the disastrous IRS broker rule.”
The legislation comes weeks after a group of crypto lobbying firms sued the IRS over the rule. They claim the requirement “exceeds the agencies’ statutory authority, violates the Administrative Procedure Act (“APA”) and is unconstitutional.”
As it currently stands, starting in 2025, custodial brokers are required to report gross proceeds. In 2026, they will have to report cost basis for certain transactions
.
The final version of the 1099-DA form was published at the end of last year. While earlier drafts had included a section where brokers had to identify their “type” of business, the final form nixed this box. It’s a small change, but by cutting this section the IRS more or less punted the issue of DeFi actors.
Even so, those opposed to the rule claim that the rule still imposes unfair reporting obligations on intermediaries and other actors in the crypto space.
The resolutions have some co-sponsors (Sens. Cynthia Lummis and Tim Sheehy, to name a few), but neither have been scheduled for a markup or vote just yet. This is a hot-button issue in the crypto space though, so we’d expect companies to be directing a significant amount of their lobbying efforts here.
@ Newshounds News™
Source: Blockworks
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COINBASE CEO: EXCHANGE WILL DELIST USDT IF AUTHORITIES DEMAND IT
Coinbase CEO recently stated that his exchange would delist Tether’s USDT if authorities demand it or if Tether fails to comply with new US laws.
New Stablecoin Regulations on Horizon
Coinbase Global CEO Brian Armstrong has said his cryptocurrency exchange would have no choice but to delist the stablecoin issued by Tether, known as USDT, should authorities demand it.
Armstrong, who has lobbied the U.S. to create a cryptocurrency framework, added that Coinbase would take similar action if Tether fails to comply with any new U.S. laws.
However, according to a Wall Street Journal (WSJ) report, the CEO acknowledges that many of Coinbase’s users hold the stablecoin, and the company’s desire is to preserve this status quo.
Armstrong’s remarks about the possibility of Coinbase completely delisting USDT from its platforms come a month after the crypto exchange delisted the stablecoin on its platform used by Eurozone residents.
As reported by Bitcoin.com News, months before the delisting, Coinbase, which is a shareholder in another stablecoin issuer Circle, framed the move as part of its efforts to adhere to new rules requiring issuers to obtain an e-money license from a European Union member state.
The new rules also obligate stablecoin issuers to hold a portion of their reserves in cash at banks, something Tether reportedly opposes.
“There are a lot of people with tether, and we want to give them an off-ramp, if we want to help them transition to a system that we think is more secure,” Armstrong said.
With the U.S. set to shift its stance under Donald Trump, some believe that two stablecoin bills seeking to require stablecoin issuers to hold U.S. Treasury bonds will be passed. If enacted, such a law would compel Tether and other stablecoin issuers to liquidate non-U.S. Treasury assets.
Late last year, Tether, which posted a net profit of $2.5 billion in the third quarter of 2024, claimed to hold over $105 billion in cash and cash equivalents, with a notable $102.5 billion in direct and indirect exposure to U.S. Treasuries. Furthermore, the stablecoin issuer disclosed that it held assets, including precious metals and secured loans, with a face value of just over $20 billion.
While the enactment of laws proposed by U.S. lawmakers would require Tether to convert these assets to U.S. Treasury bonds, the WSJ report acknowledged that neither bill has made significant progress.
@ Newshounds News™
Source: Bitcoin News
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Alasdair Macleod: We are Starting to See Advanced Institutional Demand for Gold
Alasdair Macleod: We are Starting to See Advanced Institutional Demand for Gold
Palisades Gold Radio: 1-22-2025
Tom welcomes back Alasdair Macleod, Head of Research at GoldMoney to discuss his insights into the silver market and its relationship with gold prices.
He suggests that despite a seemingly undersupplied market, the price disparity between gold and silver does not reflect this reality. Macleod anticipates a significant shift in investor behavior once patience runs thin among those who have already bought into gold but yet to enter the silver market.
Alasdair Macleod: We are Starting to See Advanced Institutional Demand for Gold
Palisades Gold Radio: 1-22-2025
Tom welcomes back Alasdair Macleod, Head of Research at GoldMoney to discuss his insights into the silver market and its relationship with gold prices.
He suggests that despite a seemingly undersupplied market, the price disparity between gold and silver does not reflect this reality. Macleod anticipates a significant shift in investor behavior once patience runs thin among those who have already bought into gold but yet to enter the silver market.
The role of foreign investors, particularly central banks, in driving gold prices is highlighted. Macleod also emphasizes the importance of understanding the impact of the ongoing credit bubble on financial markets and encourages listeners to consider reducing their exposure to credit.
Alasdair expresses his views on Donald Trump's impact on gold prices, citing increased foreign demand due to Trump's status as an inflationist and his executive orders. However, concerns over tariffs and potential economic repercussions remain.
Macleod also touches upon historical examples of tariffs and interest rates and their relationship with an economy's purchasing power.
He emphasizes the importance of understanding this connection for investors during the upcoming credit bubble.
Throughout the conversation, Alasdair highlights the importance of considering global economic trends and various factors influencing gold and silver prices. He also discusses the role of speculators versus central banks in driving these markets and the potential for a significant shift once investor sentiment changes.
Time Stamp References:
0:00 – Introduction
0:39 - Trump & Macro Picture
10:30 - Trump Inflationist
15:26 - Strong Dollar Impact
19:24 - Debt, Yields, & Economy
26:18 - Global Bubbles & Dollar
33:04 - Gold Industry & ETFs
36:47 - Speculators & Price
39:52 - Tariffs & C.B. Buying?
41:49 - Silvers Underperformance
49:05 - Tariffs & Consequences
50:16 - Silver Supply Outcomes?
56:06 - Biggest Bubble & Wrap Up
Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 1-22-25
Good Afternoon Dinar Recaps,
BRICS: 40 COUNTRIES LOOK TO DITCH THE US DOLLAR
BRICS member China is looking to convince 40 new countries to use the Chinese yuan for cross-border transactions and not the US dollar. The Communist country is aiming to capitalize on the growing de-dollarization trend and is pushing the Chinese yuan for trade.
For the uninitiated, the usage of the Chinese yuan for trade settlements has surged 4.6% in 2024, compared to 2% in 2019. The currency usage has more than doubled in six years and is threatening the prospects of the US dollar.
Good Afternoon Dinar Recaps,
BRICS: 40 COUNTRIES LOOK TO DITCH THE US DOLLAR
BRICS member China is looking to convince 40 new countries to use the Chinese yuan for cross-border transactions and not the US dollar. The Communist country is aiming to capitalize on the growing de-dollarization trend and is pushing the Chinese yuan for trade.
For the uninitiated, the usage of the Chinese yuan for trade settlements has surged 4.6% in 2024, compared to 2% in 2019. The currency usage has more than doubled in six years and is threatening the prospects of the US dollar.
If the US fails to import the dollar overseas, it would return to the homeland leading to inflation. Therefore, the USD needs to maintain its top position in the currency markets to sustain the American economy and keep prices lower.
BRICS: CHINA SIGNING AGREEMENTS WITH 40 COUNTRIES TO USE THE CHINESE YUAN, NOT US DOLLAR
The People’s Bank of China (PBOC) has signed bilateral trade deals with over 40 countries to use the Chinese yuan for trade settlements. The trade agreement is with the central banks of developing countries and initiates currency swaps.
The overall scale of the currency swap agreement stands at 4.16 trillion yuan, equivalent to $586 billion. The development gives the BRICS country China power through the currency market and dampens the US dollar’s global prospects.
China, Russia, and Iran are the three BRICS countries that are aggressively looking to end dependency on the US dollar. They are forging new trade deals and rewriting policy settlements that prefer using local currencies.
The dynamics of de-dollarization are advancing as more countries are willing to trade in the national currencies. China is leveraging the situation and taking advantage of the White House weaponizing the US dollar.
@ Newshounds News™
Source: Watcher Guru
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BANK OF AMERICA READY FOR CRYPTO PAYMENTS — DECODING HOW BANKING WILL CHANGE FOREVER
Is the banking industry prepared for the disruption crypto payments might cause, and if Bank of America leads the charge, what lasting changes can we expect in how banks, businesses, and consumers interact?
Bank of America CEO advocates for crypto…
▪️Bank of America CEO advocates for crypto payments
▪️Bank of America’s twofold relationship with crypto
▪️How U.S. institutions are stepping into crypto
▪️Decoding the probable impact
Bank of America CEO advocates for crypto payments
The banking and crypto worlds have often seemed like two ships passing in the night — acknowledging each other’s existence but rarely finding common ground.
However, Bank of America CEO Brian Moynihan has now thrown his weight behind the idea of integrating crypto payments into the U.S. financial system — but only if regulators give the green light.
Speaking at the prestigious World Economic Forum in Davos, Switzerland, Moynihan addressed a question that has long lingered over the industry — what would it take for banks to embrace crypto as a payment method?
“If the rules come in and make it a real thing that you can actually do business with, you’ll find that the banking system will come in hard on the transactional side of it,” Moynihan remarked during an interview with CNBC.
“If you go down the street here and buy lunch, for example, you could pay with Visa, Mastercard, a debit card, Apple Pay, and so on. In that sense, cryptocurrency would just be another form of payment,” Moynihan explained.
He also discussed a growing realization that crypto — especially stablecoins backed by traditional assets like the U.S. dollar — could seamlessly integrate into existing payment networks.
“If it’s a stablecoin-type of dollar-backed crypto…and our consumers actually want to use it, we think there’s value there,” Moynihan said, hinting that banks could view these tokens as a safer entry point into the crypto payments space.
However, Moynihan did not touch upon the notion of cryptocurrencies like Bitcoin as an investment or store of value, stating that it is “really a separate question.”
Bank of America’s twofold relationship with crypto
Bank of America has not always been optimistic about crypto. For years, the institution’s top executives voiced strong concerns, often portraying crypto as a challenge to the transparency and security upon which the banking system relies.
Back in 2018, BofA’s Chief Technology Officer, Cathy Bessant, expressed sharp criticism of crypto’s fundamental structure, stating:
“As a payment system, I think it’s troubling because the foundation of the banking system is on the transparency between the sender and the receiver, and cryptocurrency is designed to be nothing of the sort.”
She labelled crypto as the “antithesis” of transparency, mentioning how its pseudonymous nature made it difficult for authorities to “catch bad guys.”
However, over the years, BofA’s stance has drastically evolved. The bank has invested heavily in blockchain, recognizing its potential to enhance efficiency, reduce costs, and modernize financial systems.
“We have hundreds of patents on blockchain already,” CEO Brian Moynihan remarked recently in Davos.
The bank’s interest in crypto itself has also grown. In 2024, BofA’s Merrill Lynch added Bitcoin exchange-traded funds to its brokerage platforms for eligible wealth management clients.
The U.S. Securities and Exchange Commission recently announced the creation of a crypto task force aimed at establishing a “sensible regulatory path,” which could provide the necessary guidance for banks like BofA to integrate crypto payments into their operations.
@ Newshounds News™
Read more: Crypto News
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Is this America 3.0? One Key Question to Ask Yourself
Is this America 3.0? One Key Question to Ask Yourself
Notes From the Field By James Hickman (Simon Black) January 21, 2025
When the Founding Fathers put the finishing touches on the Constitution in late September of 1787, they probably had no idea whether or not it would be formally adopted by the states. There had been intense debate. Criticism. Dissent. And so the ratification of the Constitution was by no means guaranteed. Delaware became the first state to ratify the document on December 7, 1787. Then Pennsylvania and New Jersey within the same month.
But Article VII stated that the Constitution would not be considered valid unless formally approved by at least nine states. And that milestone wasn’t reached until June 21, 1788 when the state of New Hampshire ratified the Constitution.
Is this America 3.0? One Key Question to Ask Yourself
Notes From the Field By James Hickman (Simon Black) January 21, 2025
When the Founding Fathers put the finishing touches on the Constitution in late September of 1787, they probably had no idea whether or not it would be formally adopted by the states. There had been intense debate. Criticism. Dissent. And so the ratification of the Constitution was by no means guaranteed. Delaware became the first state to ratify the document on December 7, 1787. Then Pennsylvania and New Jersey within the same month.
But Article VII stated that the Constitution would not be considered valid unless formally approved by at least nine states. And that milestone wasn’t reached until June 21, 1788 when the state of New Hampshire ratified the Constitution.
One could easily argue that it was that date— June 21, 1788— that “Project America” really began, i.e. America 1.0.
It’s hard to even imagine the amount of work that had to be done to build a country from nothing, to create a government from nothing. Everything from creating a new currency to establishing postal routes...
They had to create offices, figure out how to hold elections, and even design the ‘swearing in’ ceremonies and oaths of office.
It must have been a mind-boggling amount of work. And they had to do it all with virtually no resources.
The brand new country was in debt up to its eyeballs from the Revolutionary War. It had almost no revenue or economy. Infrastructure, even by pre-industrial standards, was nonexistent.
Yet at the same time, the new nation had enormous potential; the massive continent held vast resources, plus people willing to do the hard work to create lasting prosperity.
That version 1.0 of the United States changed over time— Civil War, Reconstruction, rapid industrialization, etc. But it wasn’t until the 1940s that ‘America 2.0’ took shape.
Word War II was still raging. But by early July 1944 it was clear that the Allies— led by the US— were going to vanquish the Nazis.
It was also that same month when representatives from around world held a formal gathering (which ironically also took place in New Hampshire) called the Bretton Woods Conference.
Bretton Woods was a big deal. Dozens of government officials from countries ranging from Australia, Bolivia, China, to Yugoslavia, literally got together in a room and signed a document formally anointing the United States as the world’s dominant superpower.
The Bretton Woods agreement was formally ratified and went into effect on December 27, 1945. And you could argue that this was the launch date of America 2.0: the biggest, most dominant military and economic superpower atop the new global order— entrusted with the global reserve currency, and armed with nuclear weapons.
America 2.0 went on to win the Cold War, invent much of the world’s most important technology, and become the global beacon of strength and prosperity.
But America 2.0 has been in decline for decades.
A quarter-century of war, unbelievable deficit spending, irresponsible bailouts, extreme government incompetence, etc. have led to a major decline of America’s prestige and status.
The national debt now exceeds $36 trillion. The interest bill alone on that debt is over $1.1 trillion per year and rising quickly, consuming 23 cents out of every single tax dollar collected.
Plus, major entitlement programs like Social Security and Medicare are set to run out of money within the next seven years, and those will require trillions of dollars in bailouts.
Frankly, politicians from both parties have fiddled while this dumpster fire burns.
But as the clock struck high noon yesterday in Washington DC, countless millions of people breathed a collective sigh of relief as Trump 47 announced boldly and confidently, without the slightest hint of doubt, “From this moment on, America’s decline is over,” to be replaced with a new “Golden Age” for the United States.
He may be right. I hope he’s right.
And if he is, future historians may look back— just as we have the luxury today of looking back to 1788 and 1945— and say that January 20, 2025 marks the emergence of America 3.0: a re-imagined, back-to-business, stronger, freer, less divided, more prosperous version of the United States that most people don’t even remember at this point.
And there are similarities between now and 1788.
The task back then was enormous— seemingly impossible. The debt was sky-high, and there were almost no resources to tackle the challenges.
Today, the work that needs to be done also seems extremely difficult. They’ll have to dismantle an entrenched, toxic bureaucracy; killing entire departments and programs; make deep cuts to the budget; eliminate thousands upon thousands of regulations.
Along the way their efforts will be stymied by deranged legacy media, blocked by litigation (likely in California’s activist 9th Circuit Court), and impeded by members of Congress from both parties.
Some of those obstacles existed in the 1790s as well. But today’s America has the benefit of having the most advanced economy in the world... so even if they don’t get everything right (which they won’t), as long as they head in the right direction and move quickly, they can make some serious gains.
So, again, they might pull it off. Perhaps this is the emergence of a new golden age.
But any rational person ought to seriously ponder the question: what if they don’t pull it off? What if they aren’t able to overcome the special interests, bureaucracy, media, and activist courts?
Well, in that case the decline may very well continue.
And fundamentally the question is, what will you do in that scenario? It’s really worth thinking about.
In fact, there is no better time to think about this question than when you’re feeling optimistic.
You don’t want to wait for things to get really bad to think about a Plan B; at that point you’ll be emotional and anxious— bad elements which prevent rational decision making.
So I’d encourage you to invest some of today’s optimism into thinking about credible risks— and what sensible steps you could take to reduce or eliminate the consequences in case this isn’t America 3.0, and they are unable to reverse the decline.
This is Plan B thinking. It’s sensible and rational.
How would you deal with the inflation? What about Social Security going away? How would you mitigate higher taxes, or more intense social divisions?
And when you are looking at options, it makes sense to have a global view.
Consider places that could give you the highest and safest return on investment. Or places where you could have a less expensive, more pleasant retirement, where your money goes further, and there is affordable, high quality healthcare.
I’m as optimistic as anyone right now. However, this is the whole point of a Plan B: you might not need it. But you and your family will be in a much better position for giving serious thought to some obvious risks.
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
https://www.schiffsovereign.com/trends/is-this-america-3-0-one-key-question-to-ask-yourself-151990/
More News, Rumors and Opinions Wed. Afternoon 1-22-2025
KTFA:
Clare: Saudi Arabia prepares to acquire the largest gold mine in the world
1/22/2025
The Saudi company "Manarat Al-Maaden Investment" intends to buy between 10 and 20% of the "Reco Diq" project, the largest gold and copper mine in the world, located in Pakistan, with securing a purchase agreement for future production.
The mining fund (one of the company's owners) will buy the stake from the government of Pakistan, which owns 25% of the mine, for between $500 million and $1 billion.
KTFA:
Clare: Saudi Arabia prepares to acquire the largest gold mine in the world
1/22/2025
The Saudi company "Manarat Al-Maaden Investment" intends to buy between 10 and 20% of the "Reco Diq" project, the largest gold and copper mine in the world, located in Pakistan, with securing a purchase agreement for future production.
The mining fund (one of the company's owners) will buy the stake from the government of Pakistan, which owns 25% of the mine, for between $500 million and $1 billion.
The Rico Deck project, being developed by Barrick Gold, is expected to be one of the largest copper and gold mines in the world once completed, and will cost around $9 billion.
According to Barrick, the Reko Diq mine, located in western Balochistan near the Afghan and Iranian borders, will produce up to 400,000 tonnes of copper and 500,000 ounces of gold once the two phases of the project are completed.
In December 2024, the Pakistani government revealed its approval to sell a 15% stake in the mine to Saudi Arabia for $540 million, according to the Energy website. LINK
Mon. 20 Jan. 2025: KABOOM! The Era of NESARA! Trump Paves the Way to Abolish Income Tax with Tariffs! Here’s the Deal! …Mr. Pool Secrets on Telegram
BREAKING: Trump’s bold plan to abolish income tax by replacing it with tariffs could be a game-changer for every American! Inspired by NESARA and McKinley’s economic success, this move could put more cash in YOUR pocket, shrink government waste, and fuel a NEW era of American prosperity.
A Historic Turn: Trump is tapping into America’s wealth potential by reviving the tariff strategy that McKinley successfully used in the late 1800s. Imagine an America where the government is funded by tariffs on foreign goods, and your earnings are finally untaxed! McKinley’s tariff-based model brought the U.S. unprecedented surplus wealth — a time when bridges, dams, and national parks were funded without taking a dime from American paychecks.
Flashback to McKinley’s Legacy: Back in 1887, tariff income was so high the government had more money than it could spend! It’s this model that Trump aims to reignite, bringing America back to an era of economic independence. Picture it: foreign entities paying to sell in America, while citizens keep every dollar they earn.
Trump’s Vision: NESARA’s Dream, Our Future: Trump’s tariff proposal aligns with NESARA’s promise of returning power to the people. Without income tax, Americans would keep more of what they earn, with the government funded directly through tariffs on foreign goods. This isn’t just a financial move; it’s a revolution. Imagine more cash in your pocket, more power in your hands, and America thriving on international wealth!
Tariffs vs. Income Tax: A Modern Economic Shift: This isn’t just about saving you money; it’s about ending a taxation system that’s buried Americans in complexity and bureaucracy. No income tax means a leaner government, less IRS interference, and a boost in disposable income for every American.
Why This Works: With tariffs, foreign companies pay their way into the U.S. economy, filling our coffers while we keep our earnings intact. This isn’t just patriotic; it’s economically brilliant. Every dollar YOU earn stays with you — and our nation thrives on the wealth of international trade.
Downsizing Government Bureaucracy with Musk’s Efficiency: Imagine if someone like Elon Musk streamlined the government to align with this vision. With his knack for efficiency, he could eliminate bureaucratic waste, transforming America’s financial landscape into a leaner, stronger, and more self-sufficient powerhouse.
Trump’s Tariff Talk: No Coincidence!: This isn’t just a campaign gimmick. Trump is paving the way for a seismic shift that would unshackle Americans from income tax once and for all. The model worked over a century ago — and with the right strategy, it can work again, empowering Americans to thrive on their own terms.
A Vision for NESARA’s Promise: Economic Sovereignty Returns!: Imagine an America where YOUR hard-earned dollars aren’t siphoned by income tax. NESARA’s concept of returning economic power to the people aligns with Trump’s vision, giving Americans the freedom to grow, save, and build their future without the IRS breathing down their necks. This is the dream of NESARA, reimagined for a modern America.
What Does This Mean for YOU?: Higher disposable income, simplified finances, and an America First economy driven by U.S. citizens, not bureaucrats. This is the revolution you’ve been waiting for — a call for economic freedom and national pride. With Trump’s tariff plan, America is on the brink of reclaiming its economic sovereignty, and YOU are the key to making it happen.
https://dinarchronicles.com/2025/01/22/restored-republic-via-a-gcr-update-as-of-january-22-2025/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Jeff The number one thing that's going to resolve [Bagdad and Kurdistan issue] is going to be the oil and gas law. This is why they seem to have this never-ending matter of differences...They need the oil and gas law completed. That's what resolves all these matters...The oil and gas law is a never-ending subject because it's waiting for the rate to change to complete...
Frank26 [Iraq boots-on-the-ground report] FIREFLY:Mr Sammy says...Amendment of Article 12 has nothing to do with the rate change. Article 12 is for the Kurds to get their money to cover their cost of extracting and transportation of salaries for the oil...Next they say we will have the budget tables. FRANK: That means the budget now is going to be read line item by line item by line item and the only way to fund those line items...The funding will have to be based on a different exchange rate because you cannot fund this budget at a program rate...Everybody waits for the new exchange rate. Everything waits for it... FIREFLY: We are very very close.
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Bubbles, Bubbles Everywhere...
Lynette Zang : 1-22-2025
In today's live we are talking about the bubbles that exist in many parts of the economy from crypto assets to housing markets, and much much more...
Introducing ERS, Ending Income Tax as we Know it
Introducing ERS, Ending Income Tax as we Know it
Mark Moss: 1-21-2025
What if the dreaded annual ritual of filing income tax could be banished to the history books? Imagine a world where your hard-earned paycheck isn’t immediately chipped away by the IRS.
It might sound like a financial fantasy, but President Donald Trump is suggesting just that, with a revolutionary proposal to fundamentally alter the American taxation system.
Trump’s plan, dubbed the External Revenue Service (ERS), isn’t about tinkering around the edges. It proposes a complete overhaul, aiming to remove the burden of income tax from American citizens entirely.
Introducing ERS, Ending Income Tax as we Know it
Mark Moss: 1-21-2025
What if the dreaded annual ritual of filing income tax could be banished to the history books? Imagine a world where your hard-earned paycheck isn’t immediately chipped away by the IRS.
It might sound like a financial fantasy, but President Donald Trump is suggesting just that, with a revolutionary proposal to fundamentally alter the American taxation system.
Trump’s plan, dubbed the External Revenue Service (ERS), isn’t about tinkering around the edges. It proposes a complete overhaul, aiming to remove the burden of income tax from American citizens entirely.
The radical shift? Generating government revenue not from internal income, but primarily from foreign trade. This audacious plan, far from being a modern invention, actually echoes the way the U.S. used to fund itself in the past.
Mark Moss, a financial commentator known for his insights, has delved into the details of Trump’s ambitious ERS proposal, revealing the potential ramifications for the U.S. and the world. This isn’t just a political talking point; it’s a seismic shift in financial philosophy that could redefine how America funds its government.
The premise of the ERS is surprisingly straightforward: instead of taxing your wages, the government would primarily collect revenue through tariffs and other fees on goods and services entering the U.S. This would mean that businesses importing goods would contribute directly to government funds, rather than individuals shouldering the burden of income tax.
Skeptics abound, and for good reason. Implementing such a sweeping overhaul of the taxation system would be an incredibly complex political undertaking. There would need to be a complete overhaul of infrastructure and potentially new departments to facilitate this change. This would involve a huge amount of legislative support and public buy-in.
While the probability of the ERS becoming a reality remains uncertain, the discussion itself is crucial. Whether it succeeds or not, this proposal could initiate a much-needed conversation about the very foundations of taxation and whether the current model best serves America.
President Trump’s ERS proposal is far more than just a political talking point; it’s a potential paradigm shift in how governments are funded and how citizens participate in the economy. While challenges and uncertainties remain, the prospect of a tax system that frees Americans from income tax is a tantalizing one.
Whether this radical vision comes to fruition or not, it’s undoubtedly a financial development worth watching, as it could very well be one of the most significant financial shifts of our lifetime.
Seeds of Wisdom RV and Economic Updates Wednesday Morning 1-22-25
Good Morning Dinar Recaps,
EU ENFORCES STRICT STABLECOIN REGULATIONS, ORDERS REMOVAL OF NON-COMPLIANT TOKENS
The EU regulator has ordered all crypto exchanges to remove unauthorized stablecoins like Tether by March 2025, with a ban on new acquisitions starting January 2025, as part of its comprehensive stablecoin regulation implementation.
▪️EU regulator ESMA mandates crypto exchanges remove non-compliant stablecoins by end of Q1 2025
▪️Tether’s USDT will be affected as it lacks EU authorization and has no plans for MiCA compliance
▪️Exchanges must stop enabling clients to acquire unauthorized stablecoins by January’s end
▪️Clients holding non-compliant stablecoins have until March to convert to compliant alternatives
▪️Major exchanges like Coinbase have already begun restricting services for non-compliant stablecoins
Good Morning Dinar Recaps,
EU ENFORCES STRICT STABLECOIN REGULATIONS, ORDERS REMOVAL OF NON-COMPLIANT TOKENS
The EU regulator has ordered all crypto exchanges to remove unauthorized stablecoins like Tether by March 2025, with a ban on new acquisitions starting January 2025, as part of its comprehensive stablecoin regulation implementation.
▪️EU regulator ESMA mandates crypto exchanges remove non-compliant stablecoins by end of Q1 2025
▪️Tether’s USDT will be affected as it lacks EU authorization and has no plans for MiCA compliance
▪️Exchanges must stop enabling clients to acquire unauthorized stablecoins by January’s end
▪️Clients holding non-compliant stablecoins have until March to convert to compliant alternatives
▪️Major exchanges like Coinbase have already begun restricting services for non-compliant stablecoins
The European Securities and Markets Authority (ESMA) has issued a clear directive to the 27 EU member states requiring the removal of non-compliant stablecoins from trading platforms.
The announcement sets a firm deadline of Q1 2025 for full compliance with the EU’s stablecoin regulations.
Under the new requirements, crypto asset service providers (CASPs) must cease offering trading services for unauthorized asset-referenced tokens (ARTs) and electronic money tokens (EMTs). This mandate specifically targets stablecoins that lack proper EU authorization, notably affecting major players like Tether’s USDT.
The timeline established by ESMA requires exchanges to stop enabling new acquisitions of unauthorized stablecoins by the end of January 2025. Current holders of these assets will have until the end of March to convert their holdings to compliant alternatives, ensuring an orderly transition in the market.
Leading cryptocurrency exchange Coinbase has already taken steps to align with these requirements. The company restricted services related to non-compliant stablecoins for its Retail, Exchange, and Prime Vault customers across its European operations starting December 13, 2024.
Tether, one of the largest stablecoin issuers globally, has shown its response to the regulatory pressure by discontinuing its euro stablecoin, EURT, in November. The company has not obtained the necessary e-money license to operate within the EU, unlike competitor Circle, which secured its license in July.
The European Commission has provided additional clarity on the regulations through Peter Kerstens, an advisor involved in drafting the legislation. Kerstens emphasized that the rules are straightforward: unauthorized crypto-assets cannot be listed, regardless of their underlying currency.
Questions had arisen in the crypto community about whether the regulations would affect stablecoins that were already listed before the MiCA regulations came into force. The Commission’s clarification confirms that pre-existing listings are not exempt from the new requirements.
The regulatory framework requires that any entity offering or seeking admission for stablecoins within the EU must either be a bank or an e-money institution and publish a white paper. Third parties may offer these tokens only with the issuer’s consent, and the issuer must still maintain proper authorization.
ESMA’s clarification came after the authority itself sought guidance from the European Commission, highlighting the complexity of implementing these regulations.
This consultation process has resulted in a clear interpretation: crypto exchanges qualify as third parties seeking admission and must ensure their listed stablecoins comply with all regulatory requirements.
For crypto exchanges operating in the EU, this means conducting a thorough review of their stablecoin offerings. They must verify that each listed stablecoin either has proper authorization or must be removed from their trading platforms by the specified deadline.
The regulations also address concerns about monetary sovereignty, particularly regarding non-Euro stablecoins. However, these rules primarily focus on real-world payments rather than crypto trading activities.
EU authorities are emphasizing the importance of an orderly transition to prevent market disruption. Exchanges are expected to communicate clearly with their users about the upcoming changes and provide guidance on converting non-compliant stablecoin holdings.
Industry observers note that these measures align with the EU’s broader strategy to create a regulated and secure cryptocurrency market. The clear deadlines and requirements aim to provide stability and protection for market participants.
Current holders of non-compliant stablecoins are advised to stay informed about their exchange’s compliance timeline and prepare for the necessary conversions before the March deadline. Exchanges are expected to provide detailed instructions and support for this transition process.
@ Newshounds News™
Source: Blockonomi
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CIRCLE STRENGTHENS USDC ECOSYSTEM WITH HASHNOTE ACQUISITION AND TOKENIZED FUNDS
▪️Circle’s acquisition of Hashnote and integration of USDC and USYC into the Canton Network strengthen its position in tokenized finance, bridging DeFi with traditional markets.
▪️Circle’s innovations and increased demand for tokenized assets could drive Ethereum adoption, reinforcing its role as a foundational blockchain in global finance.
After Circle donated 1 million USDC to Trump’s inaugural committee, CNF highlighted this as a significant step in showcasing stablecoin acceptance in mainstream politics. Circle’s next move, the acquisition of Hashnote, further expands its influence in tokenized asset growth and the $48 billion USDC stablecoin ecosystem.
Hashnote, a leader in tokenized real-world assets and creator of USYC, a $1.3 billion tokenized money market fund, is a strategic acquisition that positions Circle at the forefront of bridging blockchain technology with traditional finance. The acquisition was announced in a tweet, emphasizing its positive implications.
The integration of USYC with Circle’s platform enables it to serve as yield-bearing collateral on major digital asset exchanges and institutions, strengthening both the USDC and USYC ecosystems.
Strengthening USDC and USYC Ecosystems
Circle plans to integrate USDC and USYC into the Canton Network, a blockchain designed for real-world asset transactions backed by leading financial institutions.
A tweet from Circle highlighted the partnership with DRW, a prominent traditional and crypto market player via its affiliate Cumberland, as a critical step in enhancing institutional adoption and operational efficiency in digital finance.
The partnership with DRW, a major player in traditional and crypto markets via its affiliate Cumberland, is a huge unlock for supporting USDC and USYC and elevating institutional adoption and operational efficiencies in digital finance.
This integration provides seamless convertibility between cash (USDC) and yield-bearing assets (USYC), ensuring liquidity and bridging decentralized finance (DeFi) with traditional financial markets. Circle’s collaboration with Cumberland also improves liquidity and collateral management for institutional digital asset transactions.
Circle CEO Jeremy Allaire emphasized the company’s commitment to shaping the future of tokenized finance by uniting liquid payment systems with yield-bearing assets. This acquisition marks a significant step toward creating a unified system where tokenized cash and money markets coexist, driving adoption across global trading platforms.
Implications for Ethereum’s Ecosystem and Market Value
These developments have substantial implications for Ethereum, the blockchain supporting both USDC and USYC. As Circle strengthens its tokenized asset ecosystem, demand for Ethereum’s network is likely to rise due to increased transaction volumes and DeFi integrations.
@ Newshounds News™
Source: Crypto News Flash
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“Tidbits From TNT” Wednesday Morning 1-22-2025
TNT:
Tishwash: Iraq's economy on the verge of collapse.. Expert warns of the consequences of not passing the amendment to Article 12
Oil expert Kovind Shirwani commented on Tuesday (January 21, 2025) on amending Paragraph 12 related to the export of Kurdistan Region oil.
Sherwani told Baghdad Today, "The amendment was submitted by the Federal Government Presidency in consultation with the Ministry of Oil, and it addresses a major dispute over calculating the region's oil production fees."
He added, "Because of the dispute, the region's oil exports were halted for 22 months, and the losses to the Iraqi economy due to the halt of 400,000 barrels of oil per day reached 18 billion dollars."
TNT:
Tishwash: Iraq's economy on the verge of collapse.. Expert warns of the consequences of not passing the amendment to Article 12
Oil expert Kovind Shirwani commented on Tuesday (January 21, 2025) on amending Paragraph 12 related to the export of Kurdistan Region oil.
Sherwani told Baghdad Today, "The amendment was submitted by the Federal Government Presidency in consultation with the Ministry of Oil, and it addresses a major dispute over calculating the region's oil production fees."
He added, "Because of the dispute, the region's oil exports were halted for 22 months, and the losses to the Iraqi economy due to the halt of 400,000 barrels of oil per day reached 18 billion dollars."
He pointed out that "not obstructing the amendment of Article 12 will harm all of Iraq and the country's economy, which loses between 800 and 900 million dollars per month due to the halt in exports. Passing this amendment will support the budget with these funds, and thus the first beneficiary of passing the amendment is the Iraqi economy, and not passing it is the Iraqi economy. It is unfortunate that this amendment is portrayed as serving the region only, and this is a great fallacy."
The Finance Committee of the House of Representatives announced on Sunday (January 19, 2025) the imminent vote on amending Article 12 of the budget related to the Kurdistan Region’s oil, while pointing to the most prominent proposals submitted to amend this paragraph.
The head of the committee, Atwan Al-Atwani, said in a speech during a committee meeting, according to a statement received by "Baghdad Today", that "the committee's meetings are continuing to discuss amending Article 12 of the budget law related to the Kurdistan Region's oil," indicating that "the committee has reached the final stages of completing the hosting and providing a lot of information in preparation for voting on the amendment today."
He added, "It is necessary for there to be a decision from the committee to submit the draft law to a vote," expressing his hope that "an agreement will be reached to vote on this draft law, which complements the 2023 budget."
He pointed out that "a number of committee members have raised many paragraphs and submitted proposals, and we will raise them so that everyone is aware of them, but they cannot be added considering that the project is an amendment and not budget tables," indicating that "the committee's opinion from the beginning is to proceed with amending the law, but we do not want the clauses and amendments to be like their predecessors, unproductive amendments."
Al-Atwani explained that “the committee added to the amendment paragraphs the obligation of the parties, whether the Ministry of Finance or the Ministry of Oil Resources, to abide by the outputs of the consulting company,” stressing that “there must be an obligation for both parties.”
Al-Atwani concluded by saying: “The consulting company must have a working period that may end in 2025, and it has not achieved results,” stressing that “we are keen to implement the results during this year to be a basis for 2026 link
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Tishwash: Al-Sudani: Iraq is a pivotal partner and national decision-making sovereignty is a priority
Prime Minister Mohammed Shia al-Sudani stressed that Iraq has a special status in dealing with the will to survive, stressing that "the Iraqi people are among the most proud and self-confident personalities, and cannot be subject to anyone, whoever they may be.
The Prime Minister said, in an interview with Elaph website: Washington is a major partner of Iraq, and the government is working to build a stable institutional relationship with it, noting that the government is determined to build a new Iraq based on its cultural heritage.
Al-Sudani pointed out that portraying Iraq as subordinate to any country contradicts the historical character of the country," stressing that "the relationship between Iraq and the United Kingdom enjoys a unique special status."
He added that "Baghdad is working to build a stable institutional relationship with Washington, as the United States remains a major partner of Iraq, and we are committed to a policy of openness and true partnership," indicating: "Today we are facing a new stage in our relationship with the United Kingdom, and Iraq plays a pivotal role as an effective mediator between various regional parties, and Baghdad has become a center for calm dialogue that aims to bridge the gap between the parties."
He explained that "Riyadh is a partner “It is essential to Iraq’s economic equation, and that the electrical connection with Saudi Arabia is not just a technical project, but a step towards achieving long-term economic integration,” stressing that “the country is moving confidently towards institutional reform.”
He pointed out that “the government is working to integrate the armed factions within the legal and institutional frameworks, and is determined to build a new Iraq based on its Arab cultural heritage.” link
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Tishwash: The President of the Republic discusses ways to enhance relations between Iraq and Honeywell Energy Company
President of the Republic Abdul Latif Jamal Rashid discussed ways to enhance relations between Iraq and Honeywell Company in the oil and energy industries.
The presidency said in a statement, "President of the Republic Abdul Latif Jamal Rashid received today at his residence in Davos, CEO of Honeywell Energy and Sustainability Solutions Ken West.
The statement added, "During the meeting, ways to enhance relations between Iraq and Honeywell Company in the oil and energy industries were discussed.
The President of the Republic referred to the current stability in Iraq at all levels and the investment opportunities available in various sectors. The
President stressed Iraq's desire to develop the management of oil and gas wealth in Iraq and control the burning of associated gas due to its impact on air quality, explaining Iraq's readiness to activate communication mechanisms and provide the necessary facilities for the work of Honeywell Company and exchange experiences with it in a way that helps raise the level of the energy sector in the country.
For his part, West stressed Honeywell's desire to develop relations with Iraq at all levels, especially investment in the field of oil industries and the development of wells, in a way that enhances the positive partnership link
Mot: ...... Ain't Gunna Lie
Mot: .. Ssiiiigggghhhhhhh!!!!