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News, Rumors and Opinions Friday AM 1-24-2025
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 24 Jan. 2025
Compiled Fri. 24 Jan. 2025 12:01 am EST by Judy Byington
Thurs. 23 Jan. 2025: (POSSIBLE SCENARIO)
Treasury Instructions Payment Steps on Global Launch of Funds: (These instructions are for higher tiers, not for Tier4b) The global launch of the Funds is just going to take place worldwide, marking the start of the global registered asset redemption program officially launched in a few hours.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 24 Jan. 2025
Compiled Fri. 24 Jan. 2025 12:01 am EST by Judy Byington
Thurs. 23 Jan. 2025: (POSSIBLE SCENARIO)
Treasury Instructions Payment Steps on Global Launch of Funds: (These instructions are for higher tiers, not for Tier4b) The global launch of the Funds is just going to take place worldwide, marking the start of the global registered asset redemption program officially launched in a few hours.
First Phase:
1. German Gold Bonds of 1924
2. Zimbabwe Agro Checks
3. Yellow Dragons and Phoenixes
Second Phase:
1. Blue Dollar from the package
2. Cash Boxes 9 Treaty of Versailles Full Mother Boxes
3. Chinese Red Dragons
Third Phase:
1. Superpetchilis of 1913 (RAILWAYS)
2. Chinese Agricultural Bonds
3. Other High Value Zimbabwe Coins
4. Other Federal Reserves and Mini Chains all.
All registered assets will be paid in order of preference, with large transactions being the first as their suppliers cease in their absence.
Your assets are formed and cannot be sold anywhere else as the amounts are already deposited in payment accounts and payment agreements are given on a contract-by-contract basis.
Revaluations will be calculated directly by the treasury using different formulas for different calls.
Transactions will be paid in stages. – The first payment is 1% and 9% will be paid within eight days of verification of assets from recorded transactions. – The remaining amount will be paid in deferred weekly or monthly transfers.
All qualified sellers will be contacted via phone or email based on the contact details entered in KYC provided at the time by the seller and if the sellers or the vendor do not respond, it will be moved to the next file. Therefore, please request all sellers to be vigilant and check their mailbox periodically to answer any call even if it is an unknown number or a hidden number.
There is one item that we have no control over in the payment list, we only know that here: – they pay first to priority representatives of seniors with SKR certificate and – then it will be the big files to the smaller files and – within each category from the oldest file to the most recent registration date, Therefore, we ask all sellers to understand this rule and be patient.
Advantages of redemption for the seller and all facilitator: – seller and intermediaries will all have full immunity of funds – sellers and intermediaries will be exempt from taxes – only the seller will have diplomatic passport and will get the status of world sovereignty – the seller will be able to operate global citizenship.
Read full post here: https://dinarchronicles.com/2025/01/24/restored-republic-via-a-gcr-update-as-of-january-24-2025/
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Emailed to Recaps
(Possible) TIER PLATFORM PAYOUTS
Payout Schedule for Tier Groups involved in the RV:
The Dubai Accounts Funds the RV: Dubai 1 fundsTiers 1&2 of the RVand Dubai 2 funds Tiers 3&4 of the RV, while Dubai 3 funds the Adjudicated Accounts and GESARA.
The payout of the Bonds and Currency is done in order of the different tiers. There are five Tiers that will be exchanging: Tiers 1, 2, 3, 4 &5.
Liquidity Release is done in a certain order. The Elders, German Bonds and select Yellow Dragon Bonds must be paid first and have been.
A. Dubai 1 released for liquidity which then triggers Dubai 2&3.
B. Fines & Penalties are released to recipients (they need D1 liquid, this is their hold up)
C. Bonds will be liquid (they need D1 to be liquid)
D. Tiers 1-4b are notified. (they need D1 to be liquid) It appears all is set to go on or about the same time!
Tier 1 Sovereign Nation Debt of Governments: Chinese Royals, Bond Holders, Paymasters, Church Groups, CMKX, F&P, Adjudicated Settlements, Ranch and Farm Claims and other groups.
Tier 2 Royals, Elders, Whales, Military Generals and some political type Elites with platforms of currency, corporations, etc.
Tier 3 Admirals Group, American Indians, CMKX, large church groups like the Church of Jesus Christ of Latter-day Saints. The Pentecostal group was now 100% under an NDA.
Tier 3 was all Dubai 2 Trust Money and originally was the Generals and public. Now Tier 3 includes groups with projects including the Admiral.
The Admiral was sent to the back of the line and renamed Tier 4A (really just a pie slice of tier 3). The Admiral’s Group was composed of three parts – most notable of which was Tier4a Core groups and 130 VIP groups.
Tier 4B, (us, the Internet Group) is the largest group and composed of the general public who paid attention to the intel – the people who have bought currency and/or bonds and kept up with the reset by way of information on the Internet.
Tier 5 The general public who never paid attention to the Intel.
The official GO for Tier 4b has not been released yet. It can happen any moment. As all Tier1-4b are funded, we await the final release to reach to our level.
It’s a process. It’s tedious and time consuming – making adjustments as needed along the way for accuracy and safety of all involved. It’s a very quiet & discrete operation, where the general public is left uninformed for obvious reasons. Pay attention to the levels that are ahead of us. That will help give a better understanding of where we are, in relation to it reaching the 4b level. BUT, it is unfolding. And when it reaches our levels, there will be no doubts. It’s coming! Keep the faith.
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man One of the key things in a monetary policy when they go to revalue a country is they have high security. They want to tamp down currency manipulation. They want to stamp out the black market... That's all part of the process. Article quote: "Any attempt to manufacture, possess or pass on fake bank notes is a criminal act that is severely punished by law, calling for the delivery of any fake bank notes to the police and to the central bank of Iraq."
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Mr Sammy says when [Amendment 12 of budget] passes...then the next step will be that the budget table will be going to parliament...Once that passes a new rate will show before the tables go to parliament because the budget table line items need that rate. FRANK: Thank you for that understanding. I really appreciate it. I'm going to rule out the 15 days and focus only on the accomplishment of the Amendments that will expose the new budget and the new rate.
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Iraq's 2025 Budget & Non-Oil Revenue IQD Exchange Rate
Edu Matrix: 1-24-2025
Iraq is making remarkable strides in diversifying its economy as non-oil revenues soar to nearly 12% of total revenues in the first nine months of 2024.
This substantial increase, up from 7% before the landmark three-year budget approval in 2023, is driven by enhanced import customs, expanded taxes, and contributions from the housing, transport, and construction sectors.
In this video, we delve into the insights from financial adviser Mudhar Saleh and explore the impressive jump in non-oil revenues from 4.7 trillion dinars in 2023 to almost 14 trillion dinars in 2024.
Join us as we unpack the implications of these changes and the remaining challenges, including a $49 billion budget deficit. Like and share this video for more updates on Iraq's economic journey!
“Tidbits From TNT” Friday Morning 1-24-2025
TNT:
Tishwash: 3415 personnel trained to combat money laundering
As part of the Central Bank of Iraq's measures to combat money laundering and terrorist financing, it announced yesterday, Wednesday, the training of (3415) people concerned with this file.
Hussein Al-Maqram, representative of the Anti-Money Laundering and Terrorist Financing Office at the Central Bank, confirmed to "Al-Sabah" that "the Financial Action Task Force issued a report confirming the strength and solidity of the system followed in Iraq with regard to combating money laundering and terrorist financing."
He added that "the report reflects the solid system in Iraq to combat these crimes, and the important efforts made by the state to combat them in accordance with international standards."
TNT:
Tishwash: 3415 personnel trained to combat money laundering
As part of the Central Bank of Iraq's measures to combat money laundering and terrorist financing, it announced yesterday, Wednesday, the training of (3415) people concerned with this file.
Hussein Al-Maqram, representative of the Anti-Money Laundering and Terrorist Financing Office at the Central Bank, confirmed to "Al-Sabah" that "the Financial Action Task Force issued a report confirming the strength and solidity of the system followed in Iraq with regard to combating money laundering and terrorist financing."
He added that "the report reflects the solid system in Iraq to combat these crimes, and the important efforts made by the state to combat them in accordance with international standards."
Al-Maqram pointed out that "the report focused on understanding the risks of money laundering and terrorist financing, and the effectiveness of implementing measures to combat these crimes, including international cooperation, confiscation of criminal proceeds, and investigation and prosecution procedures."
He continued by saying: "Based on the annual and comprehensive training plan to raise the level of knowledge and commitment to the requirements imposed in the field of combating money laundering, terrorist financing and financing the proliferation of weapons, the number of trainees cocerned with the anti-money laundering and terrorist financing system during the past year reached (3415) trainees." link
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Tishwash: Taxes Knock on the Doors of Electronic Payment Ports in Iraq (Document)
The General Tax Authority, affiliated with the Iraqi Ministry of Finance, began operations on Thursday towards electronic payment outlets across the country, days after a decision by the Central Bank that sparked widespread controversy regarding closing these outlets or merging them with exchange companies.
A document issued by the Authority, obtained by Shafaq News Agency, was addressed to the Central Bank of Iraq, in order to provide it with a database of electronic payment outlets, in order to register them and collect taxes from them.
Last Monday, the Association of Financial Outlets for Electronic Payment in Iraq ended a strike that it had started that morning, in protest against the decision of the Central Bank of Iraq to close outlets or merge them with exchange companies.
However, the Central Bank later denied issuing any directive or statement regarding the closure of exchange outlets, stressing in a statement that the goal is to expand the spread of financial outlets through ATMs and licensed electronic payment companies. link
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Tishwash: Prime Minister confirms Iraq's aspiration for more cooperation with the Arab Monetary Fund
Prime Minister Mohammed Shia Al-Sudani called on the Arab Monetary Fund to cooperate in building bridges with its financial institutions.
A statement from his media office received by "Al-Eqtisad News" stated that "Al-Sudani received the head of the Arab Monetary Fund, Mr. Fahd bin Mohammed Al-Turki."
He stressed "the government's support for the tasks of the Arab Monetary Fund, of which Iraq is a founder and the second largest contributor, after the Kingdom of Saudi Arabia."
Al-Sudani pointed out that "Iraq looks forward to further cooperation with the Fund, and that the effects of its work will be reflected on the Iraqi scene, through its contribution to financing the reconstruction and development campaign that the government has embarked on, especially in the field of infrastructure, as well as the desire for the Fund to work on expanding the contribution of Iraqi cadres in its work, and building bridges with Iraqi financial institutions."
He stressed "the importance of the Fund contributing to strengthening Arab ties, by regulating financial, monetary and trade relations, in a way that enhances common interests between them."
For his part, the Chairman of the Board of the Arab Monetary Fund stressed the Fund's keenness to support Iraq and participate in its development programmes, in a way that contributes to enhancing constructive cooperation in the field of financial and financing sectors. link
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Tishwash: President of the Republic: Our relationship with America and Iran is good, and we are not under the control or will of any country
The President of the Republic, Abdul Latif Jamal Rashid, confirmed that Iraq is now free of terrorist operations, while describing the relationship with the United States of America and Iran as “good” and that we are not under the control or will of any country.
Rashid said, in an interview with Asharq Al-Awsat newspaper, followed by {Al-Furat News}, that: “Trump’s return is an important step to resolve conflicts in the world and the Middle East, and Iraq is now free of terrorist operations, and what remains of terrorism does not exceed a few pockets.”
He added, "Our relations with the United States of America are good, and we thank the American position for standing by our side in fighting the terrorist organization ISIS," noting that "the American forces are present under bilateral agreements, and at the request of the Iraqi government and in coordination and consultation with the political forces in Iraq."
Rashid continued, "The factions are now under the control of the government according to procedures that the relevant authorities are working on, to reach a situation that ends any combat activity in these circumstances," stressing "the importance of the state of Iran as a state and our relations with it are good; but we are the decision-makers in Iraq, and we are not under the control or will of any state."
He added, "Our region is a historical and civilized region, and is considered one of the most important regions. It is rich in natural resources more than any region of the neighboring countries. Therefore, we must enjoy our wealth, enjoy security and peace, and work to solve the problems of the neighboring countries."
Rashid added, "We tried to contribute to finding solutions to settle the situation in Syria during the era of Bashar al-Assad's regime, several times. Syria is an important country in the Middle East, and it shares borders with a number of countries in the region, but Bashar's regime unfortunately did not invest in our attempts. We supported Syria's return to the Arab League, and we tried to bring the views of the former Syrian regime and the various factions closer together."
"We wish the new administration in Syria success in improving the situation, but things are not very clear yet," he added, explaining, "We share a long border with Syria, and the fact is that there are a large number of terrorist organizations on the Iraqi-Syrian border, and that worries us. The international community must work to find radical solutions to the crisis of terrorists in detention camps who hold different nationalities."
Regarding the water crisis, Rashid said, “The water crisis exists at the present time, and its solutions also exist. The solutions, in my opinion, are easy if there is a real and serious intention to solve this problem. There are three main factors that contribute to the water crisis: neighboring countries, climate, and improving water management in Iraq.” link
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Mot: and Now We Has --- ""Snowda""
Mot: Poor old Earl…
Is the New Golden Age Possible? We Do the Math
Is the New Golden Age Possible? We Do the Math
Notes From the Field By James Hickman (Simon Black) January 23, 2025
The Wall Street Journal this morning released its latest economic forecast survey. This is where they ask leading economists what they think inflation and economic growth will be in 2025 and beyond.
The results were pretty incredible. Between the last survey, in October before the election, and this month’s survey, the predictions for US economic growth have increased dramatically.
Optimism is clearly everywhere, not just in the economic forecasts but also the labor market, stock market, etc. One of the reasons for that, obviously, is that Americans were just promised a New Golden Age of prosperity.
Is the New Golden Age Possible? We Do the Math
Notes From the Field By James Hickman (Simon Black) January 23, 2025
The Wall Street Journal this morning released its latest economic forecast survey. This is where they ask leading economists what they think inflation and economic growth will be in 2025 and beyond.
The results were pretty incredible. Between the last survey, in October before the election, and this month’s survey, the predictions for US economic growth have increased dramatically.
Optimism is clearly everywhere, not just in the economic forecasts but also the labor market, stock market, etc. One of the reasons for that, obviously, is that Americans were just promised a New Golden Age of prosperity.
We’ve written before, many times, that America’s gargantuan fiscal challenges are still fixable.
But a Golden Age? Is that really feasible?
Well, above everything else at this organization, we are intellectually honest, and we let the math be our guide. And in today’s podcast, we actually do the math at a high level and discuss whether that Golden Age actually is possible.
Spoiler alert: it is!
But it’s gong to require what I believe are modest budget cuts— roughly $300 billion— and significantly higher economic growth.
When you think about it, it’s really something to be said that the US, i.e. the most advanced economy in the world, only clocks around 2% “real” GDP growth each year.
Given America’s population growth, the literally tens of trillions of dollars of investable capital, the massive pool of talent, and innovation, 2% growth is utterly pathetic. Talk about under-achieving your potential.
It’s deregulation, ease of doing business, and tax policy that can really move the needle on that growth.
And these are all completely realistic goals.
At the same time, there are so many forces and entrenched special interests that will battle against reform. So while there’s plenty of reason to be optimistic, it’s not a forgone conclusion.
That’s why it makes so much sense to have a Plan B.
We talk about all this and more in today’s podcast, as we walk through the math on the New Golden Age. (For the audio-only version, check out our online post here.)
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
Seeds of Wisdom RV and Economic Updates Thursday Evening 1-23-25
Good Evening Dinar Recaps,
TRUMP SIGNS EXECUTIVE ORDER ON US DIGITAL ASSETS: CZ SAYS BITCOIN RESERVES ‘BASICALLY CONFIRMED’
Senator Cynthia Lummis has proposed legislation to establish a national bitcoin reserve, planning to purchase 1 million BTC worth $108 billion over five years.
▪️Trump signed an order to create a federal group led by David Sacks to regulate digital assets.
▪️The US strategic Bitcoin reserves have been basically confirmed by Binance CEO Changpeng Zhao.
▪️Senator Cynthia Lummis proposed buying 1 million BTC for a US national bitcoin reserve worth $108 billion.
Good Evening Dinar Recaps,
TRUMP SIGNS EXECUTIVE ORDER ON US DIGITAL ASSETS: CZ SAYS BITCOIN RESERVES ‘BASICALLY CONFIRMED’
Senator Cynthia Lummis has proposed legislation to establish a national bitcoin reserve, planning to purchase 1 million BTC worth $108 billion over five years.
▪️Trump signed an order to create a federal group led by David Sacks to regulate digital assets.
▪️The US strategic Bitcoin reserves have been basically confirmed by Binance CEO Changpeng Zhao.
▪️Senator Cynthia Lummis proposed buying 1 million BTC for a US national bitcoin reserve worth $108 billion.
President Donald Trump signed an executive order to establish the “Presidential Working Group on Digital Asset Markets,” — a major shift in the United States’ approach to digital assets.
Reports from Fox Business indicate that the group will develop a federal regulatory framework for digital assets, including stablecoins, and explore the creation of a “strategic national digital assets stockpile.”
Years of legal and regulatory disputes between cryptocurrency advocates and federal authorities preceded this initiative. The directive could provide the digital assets sector with a clearer regulatory path shaped by the White House. Such executive orders often signal the start of federal policy shifts rather than their conclusion, emphasizing Trump’s supportive stance on cryptocurrency.
Chaired by Trump-appointed crypto czar David Sacks, the group includes key figures such as the Treasury Secretary. Scott Bessent, a hedge fund manager chosen to lead the Treasury, has publicly backed the president’s crypto initiatives. In a July interview with Fox Business, Bessent described Trump’s move as a bold advancement for digital assets.
US Bitcoin Reserves “Basically Confirmed”: CZ
The executive order emphasizes preventing agencies from creating a central bank digital currency, while promoting interagency collaboration to develop digital asset policies.
Senator Cynthia Lummis, head of the Senate Banking Digital Assets Subcommittee, has proposed legislation to establish a national bitcoin reserve. The plan involves purchasing 1 million BTC, valued at $108 billion, over five years.
The US remains the largest known nation-state holder of bitcoin, with seizures amounting to 198,109 BTC, worth approximately $21 billion. Binance CEO Changpeng Zhao recently highlighted these developments on X, stating:
“The US strategic Bitcoin reserves have been basically confirmed. Cryptocurrency is once again advancing at the speed of encryption.”
Speculation has also emerged about plans for an “America-first” strategic reserve prioritizing US-based coins like USDC. Unverified reports even linked a bitcoin reserve announcement to Trump’s inauguration speech. That anticipation contributed to bitcoin hitting a record $109,000 earlier this week.
TRUMP Memecoin Soars to $75 Billion
Trump’s official memecoin, TRUMP, debuted during the Crypto Ball in Washington last Friday, rapidly achieving a $15 billion market cap. Within days, its fully diluted value surged to $75 billion, marking it as the fastest-growing memecoin in history. Shortly after, First Lady Melania Trump introduced her memecoin, MELANIA.
Built on Solana, the memecoins ignited discussions over Trump’s preference for Solana instead of Ethereum. Solana’s price reached an all-time high following the launch, while Ethereum gained momentum when the Trump-backed decentralized finance platform, World Liberty Financial, made substantial ether investments.
The platform also secured Ethereum Name Service domains, including worldliberty.eth and trumpcoin.eth, establishing a foothold in the decentralized ecosystem.
@ Newshounds News™
Source: CoinSpeaker
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TRUMP EXECUTIVE ORDER PAVES WAY FOR FEDERAL CRYPTO RESERVE—BUT DOESN'T MENTION BITCOIN
Donald Trump signed his first executive order on crypto, establishing a working group and prohibiting CBDCs without mentioning Bitcoin.
President Donald Trump signed his first crypto-related executive order on Thursday, formally establishing a Presidential Working Group on Digital Asset Markets and laying the groundwork for exploring some of his campaign promises—including potentially establishing a national reserve for Bitcoin and other assets.
The Presidential Working Group will advise Trump on matters related to crypto policy and inform his decision-making with regards to the industry. Trump previously announced that the group will be led by Silicon Valley venture capitalist David Sacks, the White House’s first-ever “AI and crypto czar.”
Its day-to-day operations will be managed by Bo Hines, a one-time Republican congressional nominee and former college football player. The group will also include the Secretary of the Treasury, the SEC and CFTC heads, and other department and agency leaders.
Decrypt previously reported that the council is expected to consist of 20 crypto founders and CEOs. Industry donors to Trump’s presidential campaign—and perhaps his inaugural fund as well—are likely to be prioritized. The group doesn't have any real authority besides the opportunity to advise Trump and Congress, who will make their own decisions.
The executive order, titled "Strengthening American Leadership in Digital Financial Technology," further tasks the group with exploring the premise of a “strategic national digital assets stockpile,” following Trump’s campaign trail promise to establish a Bitcoin national reserve.
Such an idea has been furthered in the Senate via Senator Cynthia Lummis’ Bitcoin Act, plus several states are now considering their own Bitcoin reserve legislation. However, the executive order does not mention Bitcoin by name, nor does it mention any other specific crypto assets.
Furthermore, the order notes that agencies are blocked from launching central bank digital currencies, or CBDCs, which are often referred to as “digital dollars.” These centralized cryptocurrencies have been widely derided by Republicans due to privacy concerns.
It also aims to “protect and promote” the rights for American companies and citizens to transact and self-custody cryptocurrency, mine crypto and validate blockchain transactions, and launch blockchain software.
It is also expected that Trump will follow up this first crypto-related executive order with several more. A top priority for the industry has been repealing the SEC’s SAB 121 rule, which discourages American banks from holding crypto. Congress repealed SAB 121 last spring, but former president Joe Biden then vetoed the legislation, leaving the rule in place.
Trump is able to rescind SAB 121 with an executive order, and is widely expected to do so.
Other crypto policies that Trump may address in future executive orders include eliminating the SEC’s controversial exchange rule, which targets decentralized finance projects, and directing federal agencies including the State Department to make fostering crypto innovation a national priority.
With or without executive orders, though, The Trump Administration is already off to a running start when it comes to crypto. On Tuesday, the SEC established a new crypto task force led by Hester Peirce, the emphatically pro-industry commissioner.
The task force will aim to “craft sensible disclosure frameworks” that will allow crypto projects and companies to register legally if needed. Doing so will end the SEC’s longstanding, effective policy of regulating the industry by enforcement, an approach that brought much uncertainty to the sector and pushed many firms out of the country.
@ Newshounds News™
Source: Decrypt
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LEDGER CO-FOUNDER KIDNAPPED AND RELEASED AFTER INTENSE RESCUE MISSION
David Balland was found alive on Wednesday evening after a harrowing two-day manhunt conducted by France’s elite police tactical unit Groupe d’intervention de la Gendarmerie nationale (GIGN).
David Balland Rescued After Two-Day Manhunt
Ledger co-founder David Balland was rescued late Wednesday evening after being kidnapped on Tuesday in the small French town of Vierzon by a sophisticated criminal group that demanded a hefty ransom, according to reporting by French news outlet Le Parisien.
Previous rumors had mistakenly identified the hostage as Éric Larchevêque, Balland’s fellow co-founder. Larchevêque is the former CEO of Ledger and is one of France’s richest entrepreneurs with a net worth of 340 million euros or roughly $350 million USD according to French business magazine Challenges. He reportedly drives around displaying the price of bitcoin (BTC) on his Tesla’s dashboard screen.
La Parisien reported that Balland was taken to hospital soon after being rescued. Other outlets reported that his captors had sent a finger with their ransom demand. Multiple suspects were taken into custody earlier today and the investigation is still ongoing.
“This must be something quite serious because I’ve never seen anything like this in my town,” said Alain Mornay, mayor of of Méreau which is adjacent to Vierzon. “The authorities are still present tonight.”
@ Newshounds News™
Read more: Botcoin News
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Crypto IPO Boom On The Horizon, Says NYSE Listings Chief
The US initial public offering (IPO) market is anticipating a substantial recovery in 2025, with a noticeable emphasis on listings pertaining to crypto, as the global economy continues to change.
Favorable legislative reforms and increased institutional interest in digital assets are expected to fuel a boom in initial public offerings (IPOs) in the cryptocurrency sector.
A strong US economy and low borrowing rates are largely responsible for this recovery, which should create a favorable atmosphere for businesses looking to exit through an IPO. Even with the recent market fluctuations, the medium-term picture is still promising.
@ Newshounds News™
Read more: Bitcoinist
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KANSAS BILL AIMS TO ALLOCATE 10% OF RETIREMENT FUNDS TO BITCOIN ETFS
The bill proposes establishing a board of trustees to manage the Bitcoin ETF investments and conduct an annual examination of the investment program.
Kansas State Senator Craig Bowser introduced a bill to invest up to 10% of public employee retirement funds into spot Bitcoin exchange-traded funds (ETFs).
Bowser introduced Senate Bill 34, which seeks to authorize the Kansas Public Employees Retirement System (KPERS) to invest a portion of its retirement fund in Bitcoin-backed ETFs.
@ Newshounds News™
Read more: CoinTelegraph
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More News, Rumors and Opinions Thursday PM 1-23-2025
Ariel: Amazing Breakthrough for Iraqi Dinar Investors
Did you know that getting paid from interest off of your capital is considered and treated as income?
Now imagine exchanging your foreign currency and you deposit it at 50-100 million. And you earn 5% which would be $2,500,000 per year.
Divide by 12 and that’s $208,333.33 per month.
Guess what? You will get to keep that.
Ariel: Amazing Breakthrough for Iraqi Dinar Investors
Did you know that getting paid from interest off of your capital is considered and treated as income?
Now imagine exchanging your foreign currency and you deposit it at 50-100 million. And you earn 5% which would be $2,500,000 per year.
Divide by 12 and that’s $208,333.33 per month.
Guess what? You will get to keep that.
Now do you see how what you hold is gaining more value without you even exchanging yet?
Officer Lew: BREAKING: President Trump is considering abolishing the federal income tax, per NYT.
Breaking News
This is an amazing breakthrough for Iraqi Dinar investors. The corruption is coming to a resounding end for the Iraqi citizens and the world who is waiting with bated breath for Iraq to pull the trigger and flood the planet with a revaluation that will change the world forever.
This latest developments that you can read below brings more security & stability to the Iraqi Dinar. They refuse to open the 2025 Budget because it only deals with the Iraqi Dinar and not the USD. And many banks are now stuck holding a empty bag.
With fewer banks handling dollar transactions, there’s a potential reduction in the supply of dollars within Iraq, which could increase demand for the IQD in forex trading if the dinar is seen as a stable alternative. And it will be. Because it is now backed by natural resources.
Since the 2025 budget is designed to use only the Iraqi Dinar, this move away from the dollar in official transactions diminishes the avenues for corrupt practices involving the dollar. This make the IQD more attractive or stable, influencing its exchange rate on the Forex market.
The U.S. control over remittances through Arab and foreign banks aims to stabilize the flow of dollars in and out of Iraq. By managing this flow, it reduces the volatility that often accompanies unregulated financial transfers, which could help in setting a stable exchange rate.
Brothers technology Inc: Iraq is currently laying in bed with the devil, they didn’t pass the budget because the budget calls for Dinar only. They are controlled by evil Shiite politicians who worship evil. ABU
and myself stated this numerous times, however the pm has turned on THE DONALD, he failed to do what the Donald wishes for Iraq sovereignty and financial success. Instead he has pledged his allegiance to his master. Now the Donald has countered by placing two countries in compliance with his vision in control of the dollar Iran worships and they’re still dollarless.
You Have To Understand The Implications Of This
Once this happens which I am positive should be this week. We will see a major shift in the environment of Iraq given that they are now under pressure to release the rate. And they are desperately looking for an avenue.
But now that the IQD will be tokenized the Crypto regulation is their only salvation to alleviate their potential economic downfall. This is their come to daddy moment. They are no longer in the driver’s seat. Just read my post about the Arab Bank remittances.
Why this weekend?
Crackdown On Shiites In Iraqi Government?
Cryptocurrency Regulation Implemented?
Resulting In Potential Currency Revaluation?
Leading To A Forex Rate Subsequently?
Currency Exchanges Begin As A Result?
Because I do not know what else he has up his sleeves at the moment that align more perfectly than what was just officially put in place today.
We shall see.
Read full post here: https://dinarchronicles.com/2025/01/23/ariel-prolotario1-amazing-breakthrough-for-iraqi-dinar-investors/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick De-dollarization gave the CBI full control of their exchange rate of their currency and it put them in Article VIII compliance. No restrictions. Therefore there is no outside interference right now concerning their monetary reform. Nothing can stop/delay the new exchange rate that is coming. They are now in full control of their currency/exchange rate.
Clare [Community comment to Clare 1-22-2024 Auction Article below] "IMO the math used here isn’t what we can be excited about. 1250 Dinar is definitely better than the official rate of 1310 Dinar to the $ But if you take the old Dinar 1250 of them and trade them in for 1 new Dinar...1 million Dinar is equal to $800..." YOU ARE NOT IN IRAQ EXCHANGING! HOW DID YOU MISS THIS PART? Making the value of one dinar equal to one dollar... FOLLOW UP QUESTION "now I’m more confused, so if I’m an Iraqi citizen...I have to accept it at 1250 old dinar for 1 new dinar. But if I’m not in Iraq I can trade it 1 for 1...?" ON FOREX SUPPLY AND DEMAND WILL INCREASE VALUE EXTERNALLY...IN IRAQ THEY WILL ONLY USE DINARS. WHY DON'T YOU UNDERSTAND "A DINAR IS EQUAL TO 1 DOLLAR" (IF IT STARTS OUT THAT WAY) AND THEN IT STARTS TRADING ON FOREX? THE VALUE WILL GO UP FROM THERE. IF THEY DO IT THIS WAY...
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Silver Prices Set to SURGE! Are Central Banks on the Verge of COLLAPSE?
Wall Street Investments: 1-23-2024
Greg Mannarino joins us to discuss silver prices that are set to SURGE! Are central banks on the verge of collapse?
Seeds of Wisdom RV and Economic Updates Thursday Afternoon 1-23-25
Good Afternoon Dinar Recaps,
CYNTHIA LUMMIS NOMINATED TO LEAD NEW SENATE BANKING SUBCOMMITTEE ON DIGITAL ASSETS
Lummis stated that the subcommittee will bolster the idea of a US strategic Bitcoin reserve and will prevent crypto firms debanking.
Senator Cynthia Lummis (R-Wyo.) has been named the first chair of the newly established Senate Banking Subcommittee on Digital Assets, according to a Jan. 23 announcement.
Good Afternoon Dinar Recaps,
CYNTHIA LUMMIS NOMINATED TO LEAD NEW SENATE BANKING SUBCOMMITTEE ON DIGITAL ASSETS
Lummis stated that the subcommittee will bolster the idea of a US strategic Bitcoin reserve and will prevent crypto firms debanking.
Senator Cynthia Lummis (R-Wyo.) has been named the first chair of the newly established Senate Banking Subcommittee on Digital Assets, according to a Jan. 23 announcement.
As a result, Senate Banking Committee Chair Tim Scott (R-S.C.) places Lummis at the helm of legislative efforts to craft a regulatory framework for blockchain technology and crypto in the US.
Senator Lummis, known for her strong Bitcoin (BTC) advocacy, expressed her enthusiasm for the new role:
“Digital assets are the future, and if the United States wants to remain a global leader in financial innovation, Congress needs to urgently pass bipartisan legislation establishing a comprehensive legal framework for digital assets.”
Lummis also emphasized the strategic importance of bolstering the US dollar with a national Bitcoin reserve, a proposal that could position the US as a crypto trailblazer. She introduced the Bitcoin Act legislation last year at the Bitcoin 2024 conference in Nashville.
The subcommittee will prioritize passing bipartisan legislation focused on market structure, stablecoins, and consumer protections. It will also oversee federal financial regulators to ensure compliance with the law and prevent initiatives like “Operation Chokepoint 2.0,” which some lawmakers view as an overreach by regulators.
Scott praised Lummis as the ideal leader for this new subcommittee and described her as a steadfast champion of blockchain technology and crypto.
He said:
“Since day one, Senator Lummis has been a leader on digital assets legislation. Working with the Trump administration and our colleagues in the House, we will advance a commonsense regulatory framework to facilitate innovation here in the United States, not overseas.”
The bipartisan composition of the subcommittee includes Senators Thom Tillis (R-N.C.), Bill Hagerty (R-Tenn.), Bernie Moreno (R-Ohio), Dave McCormick (R-Pa.), Ruben Gallego (D-Ariz.), Mark Warner (D-Va.), Chris Van Hollen (D-Md.), and Tina Smith (D-Minn.). Gallego will be the ranking member, highlighting the subcommittee’s commitment to bipartisan collaboration.
The announcement has sparked optimism among the industry. Dennis Porter, co-founder and CEO of Satoshi Action Fund, said Lummis’ appointment was “a huge step forward” for advancing meaningful legislation, including the proposed Strategic Bitcoin Reserve.
Meanwhile, former Binance CEO Changpeng Zhao called the idea of a US Bitcoin reserve “pretty much confirmed” and commended the speed at which crypto developments unfold.
@ Newshounds News™
Source: Crypto Slate
~~~~~~~~~
TAIWAN TO UNVEIL DRAFT BILL ALLOWING BANKS TO ISSUE STABLECOINS
The Taiwanese financial regulator plans to unveil a draft bill for virtual asset service providers (VASPs) in June, which includes a proposal allowing banks to issue stablecoins.
Joint Management of Stablecoins
The Taiwanese Financial Supervisory Commission (FSC) is set to unveil a draft bill for virtual asset service providers (VASPs) in June. According to a report, a key highlight of the draft bill is a proposal to allow banks to issue stablecoins. FSC Chairman Peng Jinlong argues that the bill’s passage would facilitate Taiwanese investor participation in the virtual asset market.
The report quotes Zhuang Xiuyuan, a director at an unidentified bank, as saying that all stablecoins issued in Taiwan will require FSC approval. Xiuyuan suggested that unlike the current system where issuers self-certify their stablecoin backing, the new regime would see the regulator providing issuer qualifications.
Jinlong meanwhile disclosed that the stablecoins will be jointly managed by banks and Taiwan’s central bank.
Revelations that Taiwan plans to unveil a regulatory framework for virtual asset service providers (VASPs), including provisions for bank-issued stablecoins, come amid a U.S. push to regulate stablecoins.
One of the U.S. bills, the Lummis-Gillibrand Responsible Financial Innovation Act, mandates that issuers back stablecoins with high-quality liquid assets, such as short-term U.S. Treasury securities. Like the FSC draft bill, the Lummis-Gillibrand proposal requires issuers of payment stablecoins to obtain a federal license.
The Stablecoin TEFRA Act, backed by Rep. Patrick McHenry, proposes that only banks be allowed to issue stablecoins. While the McHenry-backed bill may seemingly have limited consumer protection provisions, the Lummis-Gillibrand bill is said to include provisions for consumer protection, such as disclosure requirements and anti-money laundering safeguards.
Similarly, the FSC’s draft VASP bill reportedly emphasizes anti-money laundering protocols and risk assessments.
@ Newshounds News™
Source: Bitcoin News
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BRICS: US TARIFFS MAY DO MORE HARM THAN GOOD, DATA SHOWS
With the economic alliance becoming a clear challenger to the recently appointed president of the United States, the BRICS bloc has seen itself on the receiving end of US Tariff threats. However, that street goes both ways. Moreover, data shows that, in the end, it could do more harm than good to the Western nation.
Since his election victory, US President Donald Trump has not minced words in relation to BRICS. As the group has continually embraced de-dollarization efforts, he has fought back. Yet, using tariffs to ensure the stability and prominence of the US dollar could be a decision that has immense consequences.
Trump Tariff Threat to BRICS Nations Have Massive Implications for US, Data Says
During his campaign for reelection, Donald Trump had placed an immense focus on the US dollar’s status. Specifically, he reiterated the importance of ensuring that the greenback remained the world currency. Indeed, he said that its relegation from such a position would be akin to the nation “losing a war.”
That has led him to take action against the BRICS alliance early in his return to the Oval Office. Yet, the way he has chosen to go about challenging the group could end up being problematic. Ultimately, the BRICS US tariff threat could do more harm than good to the Western nation, data shows.
The major point of concern lies in the lopsided trade between the United States and BRICS nations. Specifically, Statista data shows that the US is currently running a trade deficit with the economic alliance nations overall. That means that the country imports far more than it sells to them.
The report notes that the group is almost certain to issue retaliatory tariffs. Moreover, that could give US importers a lot to lose in their total trade. In 2023, the US shipped nearly $300 billion in goods to the BRICS countries. Alternatively, it purchased nearly $650 billion worth of various merchandise.
There is the potential for lower trade tariffs, the report notes. This is even more likely considering Trump has held a disdain for trade deficits. Conversley, de-dollarization is a key point of emphasis.
It has not taken hold the way BRICS has hoped. Is the threat of tariffs worth awaiting if Trump sticks to his plan? Or can the mere threat of action drive the bloc to ensure the dominance of the greenback?
The next several months will surely be filled with vital geopolitical developments, with the US and world economies hanging in the balance.
@ Newshounds News™
Source: Watcher Guru
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Golden Age Better Include Free Markets or it will Fail Miserably
Golden Age Better Include Free Markets or it will Fail Miserably
Bix Weir: 1-23-2025
The prospect of a second Donald Trump presidency has ignited a fierce debate about the future of the American economy.
Proponents envision a return to prosperity and a “golden age,” but critics raise concerns about the policies that might underpin such a vision.
One crucial element often overlooked, yet central to any sustainable economic success, is the health and freedom of the free market.
Golden Age Better Include Free Markets or it will Fail Miserably
Bix Weir: 1-23-2025
The prospect of a second Donald Trump presidency has ignited a fierce debate about the future of the American economy.
Proponents envision a return to prosperity and a “golden age,” but critics raise concerns about the policies that might underpin such a vision.
One crucial element often overlooked, yet central to any sustainable economic success, is the health and freedom of the free market. While promises of growth and national strength are appealing, they cannot be achieved without a system that fosters genuine competition, reduces government interference, and allows the invisible hand of the market to work its magic.
The provided alert goes a step further, arguing that the very survival of free markets in the USA is contingent on dismantling the current global fiat financial monetary system.
This is a radical perspective, one that calls for fundamental change and asserts that incremental tinkering will not suffice. The core of this argument rests on the belief that the current system is inherently flawed, prone to manipulation, and ultimately detrimental to the principles of a truly free market.
One of the key grievances highlighted is the issue of “Official Derivative Market Rigging.” This refers to the belief that certain actors, potentially powerful financial institutions with close ties to governments, are manipulating derivative markets to their advantage, distorting prices and creating instability.
While such claims are difficult to definitively prove without more transparency, the underlying concern resonates with many who feel the current financial system is opaque and favors the powerful over the average investor and entrepreneur.
The idea of tearing down the existing global monetary system is undoubtedly controversial. The fiat system, where currency is not backed by a physical commodity like gold, is the globally accepted norm.
However, critics argue that it allows for unchecked inflation, creates moral hazard, and empowers central banks to wield too much control.
The call for its destruction isn’t necessarily about advocating for a return to the gold standard; rather, it’s a demand for a more robust and decentralized system that is less susceptible to manipulation and better reflects the principles of free market competition.
The prospect of a Trump “golden age” is not guaranteed. It is inextricably linked to the vitality of the American free market.
While drastic proposals to dismantle the global fiat system might seem extreme, they highlight genuine concerns about fairness, transparency, and the potential for manipulation within the current financial architecture.
Ultimately, a truly prosperous and sustainable economy requires a foundation of sound monetary policy, robust competition, and genuine freedom in the marketplace – achieved through reforms, regulations, and a system that promotes integrity and transparency, rather than relying on potentially destructive dramatic actions.
Therefore, focusing on fostering these fundamental principles is paramount, regardless of the specific direction the Trump agenda takes.
News, Rumors and Opinions Thursday 1-23-2025
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Thurs. 23 Jan. 2025
Compiled Thurs. 23 Jan. 2025 12:01 am EST by Judy Byington
Global Currency Reset:
Tues. 21 Jan. 2025 Wolverine: I have spoken to platform owners and they have the payment orders and on Wed. 22 Jan. things will start happening. Not everyone starts tomorrow. It is a process. Some will start tomorrow, some will start the next day and the next, but it starts from tomorrow onwards. Some platforms will go Feb 1st or 2nd, some platforms a bit longer.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Thurs. 23 Jan. 2025
Compiled Thurs. 23 Jan. 2025 12:01 am EST by Judy Byington
Global Currency Reset:
Tues. 21 Jan. 2025 Wolverine: I have spoken to platform owners and they have the payment orders and on Wed. 22 Jan. things will start happening. Not everyone starts tomorrow. It is a process. Some will start tomorrow, some will start the next day and the next, but it starts from tomorrow onwards. Some platforms will go Feb 1st or 2nd, some platforms a bit longer.
Wolverine: Just yesterday, I put a post about thanking Charlie Ward. I have spoken to Charlie a couple of times, and he told me a while back that nothing would happen till Biden is removed, and that was nearly two years ago. It would not make sense for Biden to get all the glory. However, I was still getting all the intel otherwise, and others were also getting intel to the otherwise: Bruce, MarkZ, and others were used to create misinformation to catch the “bad people”
Tues. 14 Jan.: “All the information is saying “Next week.” …JFK Awakening Q17 on Telegram
Mon. 20 Evening Jan. 2025: “Well folks from everything I’m hearing, the rate has been established, the CBI is recognized by FOREX. The people in country are spending the lower dominations – dinar. And it is the premiere who is withholding the release for a political consideration from his cabinet.”
On Sat. 25 Jan. 2025, the first phase of the wealth redistribution will (allegedly) officially commence for the general public. …JFK Jr. on Telegram
Read full post here: https://dinarchronicles.com/2025/01/23/restored-republic-via-a-gcr-update-as-of-january-23-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Article: "Great Progress has been made by Iraq in the filing of the joining of the World Trade Organization after resuming negotiations that were suspended for more than 16 years stressing this step represents a part of Iraq's vision to enhance Iraq's role in the global trading system." They didn't do it at 1310. Are they ever going to do that? I don't think so...Why didn't they do it years ago? If nothing is going to change and they're going to keep it the same how are they going to pay for that? I think it's far cheaper for Iraq to bring on a real effective exchange rate to meet compliance with Article VIII of the IMF Article IV too...I think it's pretty exciting...
Frank26 [Iceman update] Iceman served three hitches [in Iraq]. He had to come home. His interpreter is still there...She calls once in a blue moon. Her father's brother is in charge of one of the four major banks in Iraq. It was over two years ago that she called the Iceman and said, Iceman you were right, we are going to be given new currency. We are going to be given purchasing power. ICEMAN: Why do you say this? INTERPRETER: My uncle just took me and my dad in the back and we saw what they're doing. It looks like the old currency my dad said from the old days...ICEMAN: (from today) They have released some small notes, printed vision impaired notes...1, 5, 10, 20, 50 and 100's
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The Last Time We Faced THIS was 2008 —Why We’re Headed For a “Dangerous Recession”
Daniela Cambone: 1-22-2024
The U.S. is on the brink of a dangerous recession in 2025, warns Edward Dowd, Founding Partner of Phinance Technologies.
In this episode of our 2025 Outlook Series, Dowd joins Daniela Cambone to dissect the economic challenges ahead, pointing to unprecedented government spending and migration issues as key factors dragging down the economy
. “Immigration has been the elephant in the room for the last two years. That's one of the major reasons President Trump was elected” he says.
Dowd also delves into the role of central banks and fiscal stimulus, predicting that inflationary pressures will drive gold higher in 2025, reminiscent of the economic turbulence of the 1970s.
CHAPTERS:
0:00 Recession
5:03 Illegal immigration
6:58 Housing market
8:50 US pulling from WHO and Paris Accords
10:25 Disconnect between stock market and economy
13:10 Stock market under Trump
15:15 Regular folks feel the pain
16:15 Fed printing money
18:00 Recession and game plan
19:30 Gold price
21:16 Concluding words
22:33 Tariffs
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.
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%.
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
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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
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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
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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