Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 2-25-25
Good Afternoon Dinar Recaps,
RUSSIA REJECTS BRICS, PROPOSES HISTORIC DEAL WITH THE US
Russia is slowly bowing out of the BRICS agenda of cutting ties with the US and the dollar for trade and transactions.
In a historic deal, Russian President Vladimir Putin has proposed to supply 2 million tons of aluminum to the US markets. The move could stabilize prices in the commodity metals sector and smoothen out price fluctuations and market volatility.
In addition, BRICS member Russia also outlined potential deals with the US in supplying rare earth resources. Russia has the world’s fifth-largest rare earth metals reserves that the US could use for industry and military production and benefit immensely.
The prospective economic deal covers aluminum and rare earth materials from BRICS member Russia to the US. President Donald Trump had earlier hinted that “major economic development transactions with Russia” could soon take place.
The rare earth materials are mostly used for magnet production that turns power into motion for electric vehicles (EV). It also covers the production of cell phones and other military equipment. If the deal goes through with the US, this will be a complete U-turn of policies from BRICS member Russia.
“We would be ready to offer (joint projects with) our American partners. And when I say ‘partners,’ I mean not only administrative and governmental structures but also companies, if they showed interest in joint work,” said Putin and added, “We undoubtedly have, I want to emphasize, significantly more resources of this kind than Ukraine.”
BRICS Countries Take U-Turn With the US
After Trump took over the White House in January, BRICS countries are backtracking from teaching the US a lesson. India recently rejected the idea of launching a BRICS currency and embraced the US dollar for trade.
Brazil is also considering nixing the idea of a common currency in the upcoming summit in July.
Also, China is urging the US to not weaponize trade with tariffs. BRICS member Russia, which was a staunch supporter of de-dollarization, is now seeking business deals with the US.
@ Newshounds News™
Source: Watcher Guru
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GRAYSCALE’S CARDANO ETF UNDER SEC REVIEW – DECISION EXPECTED BY AUG. 2025
▪The SEC has officially started reviewing Grayscale’s Cardano ETF proposal for potential approval.
▪A final decision on the Cardano ETF is expected by August 2025 after the review process.
▪Polymarket shows a 62% chance of approval, rising from 51% in January 2025.
The U.S. Securities and Exchange Commission (SEC) has officially started reviewing Grayscale’s proposal for a Cardano (ADA) exchange-traded fund (ETF). If approved, this would be a major milestone for Cardano, making it easier for investors to gain exposure to ADA through traditional markets.
This move follows NYSE Arca’s request to list and trade shares of the Grayscale Cardano Trust on the stock exchange. With the SEC now reviewing the application, the countdown to a decision has begun – one that could shape ADA’s future in a big way. A final ruling is expected within 180 days.
So, will Cardano join the ranks of crypto assets with an approved ETF? And what could this mean for ADA’s price and market adoption? Here’s what you need to know.
Cardano ETF Review Begins
On February 24, 2025, the SEC formally accepted NYSE Arca’s application, marking the start of the review process. The request was originally submitted on February 10, 2025. If approved, this ETF would allow investors to gain exposure to Cardano (ADA) through a regulated platform without needing to hold the cryptocurrency directly.
A Cardano ETF would make it easier for investors to buy and sell shares tied to ADA’s price. This could attract more traditional investors and increase ADA’s accessibility in a secure and regulated environment.
Approval Odds Are Rising
The chances of a Cardano ETF approval in 2025 are improving. Polymarket, a decentralized prediction platform, now estimates a 62% likelihood of approval, up from 51% in January. The SEC’s recent acknowledgment of multiple crypto ETF filings, including Grayscale’s XRP ETF, has contributed to this growing optimism.
How It Could Impact ADA’s Price
A Cardano ETF could boost demand by attracting institutional investors, potentially driving up ADA’s price. Analysts believe that as long as ADA holds support between $0.67 and $0.81, further gains are possible. However, if it falls below this range, downward pressure could follow.
At the moment, Cardano is trading at $0.68, with a market capitalization of $24.16 billion. Its trading volume has surged by 81.15%, reaching $1.08 billion, reflecting growing market interest.
@ Newshounds News™
Source: Coinpedia
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