Seeds of Wisdom RV and Economic Updates Wednesday Morning 2-26-25

Good Morning Dinar Recaps,

XRP NEWS: RIPPLE DEVS UNVEILS ROADMAP FOR INSTITUTIONAL DEFI ON XRP LEDGER

XRP Ledger is undergoing restructuring that might attract more institutional participants

▪The XRP Ledger is transforming with new innovations designed to boost institutional adoption.

▪Developers are particularly building to permit DeFi participation by institutions.

▪Onchain innovations to enhance include DiD, programmability and compliance.

Ripple Devs, an offshoot of Ripple Labs Inc has introduced a new roadmap designed for institutional Decentralized Finance (DeFi) on the XRP Ledger (XRPL). He also boasted of how this iteration is one of the greatest that the protocol has introduced in the past.

XRP Ledger And its Innovations Down the Line

With this new roadmap, the blockchain payment company intends to expand its possibilities for use in various financial applications. David “JoelKatz” Schwartz noted that this Ripple roadmap presents a detailed outline of its direction for this year, including its use cases and features that it plans to focus on.

In the past, XRPL has implemented innovations that have encouraged financial institutions to participate in the market.

These innovations could improve price transparency, liquidity efficiency, and the integration of compliance tools. One such innovation is the Central Limit Order Book (CLOB). This feature allows efficient price discovery and ensures deep liquidity for the assets traded on the network.

Another innovative addition is the Automated Market Maker (AMM), which enhances liquidity automation. Precisely, this XRPL AMM delivers the optimization of the exchange processes that exist between tokenized assets and stablecoins.

This solution is largely recognized for its distinct direct integration with the native Decentralized Exchange (DEX).

Last month, XRPL took it a step further by introducing a new AMM feature for holders of the Ripple USD (RLUSD) stablecoin.

XRPL Integration With Ondo Finance

In addition to these innovations, the XRP ecosystem underwent several amendments and upgrades.

The XRP Ledger also secured strategic partnerships that hold potential for expansion. As part of its collaboration, the XRP ecosystem tries to ensure that it contributes to meeting the growing demand for tokenized solutions, especially for Real-world Assets (RWAs).

Ondo Finance partnered with XRPL to debut tokenized US Treasuries for institutional investors.

The offering, dubbed Ondo Short-Term US Government Treasuries (OUSG), is backed by the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). Based on its structure, investors can buy OUSG or redeem it anytime using Ripple USD.

What Next For XRP Ledger?

Going forward, XRPL plans to focus on features that improve regulatory compliance while expanding institutional lending options.

It is also keen on offering greater programmability to develop onchain financial products. 

Amongst the incoming innovations are digital credentials based on DID and Multi-Purpose Token (MPT), a new tokenization standard.

While the latter offers access to the creation of regulated financial markets directly on the blockchain, MPT allows for the representation of complex financial instruments. Noteworthy, these updates are still directed towards TradFi integration with DeFi.

Financial institutions can issue tokenized loans securely with XLS-65d, another key addition for institutional DeFi. This will help reduce the dependence on traditional intermediaries and promote more transparency in the credit markets.

The XLS-66d specifications offer benefits, such as on-ledger loans, off-chain underwriting, and first-loss capital protection. These will help ensure that financial risks are managed more efficiently.

@ Newshounds News™

Source:  CoinSpeaker

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IOTA SECURES KEY EU PARTNERSHIPS—DRIVING REAL UTILITY & MASS ADOPTION

▪IOTA is pushing new frontlines in the EU with new partnerships.

▪To bolster its push toward mass adoption, the IOTA rebased innovation is set to soar soon.

IOTA, a leading open-source distributed ledger technology, continues to form key strategic partnerships with the European Union (EU). IOTA’s collaboration in the EU is part of its broader mission to drive real utility and secure mass global adoption.

IOTA’s New Partnership in the EU

Popular Angel investor with the username @Walknonthemoon on social media platform X highlighted IOTA’s EU collaborations. According to Walknonthemoon, IOTA, through the strategic partnership will support EU and UK-backed trade lanes with its technology.

IOTA will focus on digitizing transport-related activities between the countries in the EU and the United Kingdom. The protocol’s technology will help streamline freight management and notify users of important updates about their shipments.

IOTA will also enable real-time data sharing among trading partners and reduce administrative costs. This collaboration aligns with IOTA’s vision of bringing real-world applications on-chain.

In a recent study, CNF reported that IOTA launched a digital infrastructure, the Trade and Logistics Information Pipeline (TLIP), to revolutionize trade.

The platform allows trading partners to share real-time data, reducing administrative costs. TLIP helped power the post-Brexit UK-EU trade, enhancing processes and saving thousands of hours otherwise wasted on slow and inefficient processes.

IOTA’s partnership with the EU will also focus on powering sustainable energy rewards in the Netherlands. This partnership further strengthens the network as a key player in providing sustainability-related solutions. Every project IOTA undertakes has an outlook toward sustainability which is now embedded into its core technological development.

Last year, IOTA unveiled its Electronics Digital Product Passport (DPP) prototype to enhance transparency and traceability throughout the lifecycle of electronic devices. As CNF discussed earlier, this product highlights IOTA’s push towards integrating blockchain in environmental sustainability efforts.

In addition, IOTA is leading on-chain Know-Your-Customer (KYC) verification for the EU. Through its robust solutions, IOTA aims to offer substantial cost savings for European banks. As featured in our recent coverage, the IOTA Foundation recently collaborated with walt.id, IDnow, Bloom Wallet, and Spyce5 to pioneer a groundbreaking KYC solution for Web3 applications.

The solution paves the way for a more sustainable and effective banking ecosystem in Europe.

IOTA Rebased on the Horizon

The mainnet launch of the IOTA Rebased Protocol is set to happen soon, designed to also bolster the mass adoption of the chain. The IOTA Rebased Protocol marks the most important upgrade from IOTA as it sets the network for extensive scalability, programmability, and decentralization transformation.

Through the updated protocol, IOTA plans to achieve a processing speed of more than 50,000 transactions per second and finalization times of less than 500 milliseconds.

Ahead of its main net launch, the IOTA Rebased test network recently announced onboarding a new set of trusted validators. They are expected to bring trusted, enterprise-grade validation to IOTA.

Also, IOTA has announced additional transaction fees to Rebased. As explained in our last article, this initiative is expected to simplify tokenomics.

@ Newshounds News™

Source:  Crypto News Flash

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Seeds of Wisdom RV and Economic Updates Tuesday Evening 2-25-25

Good Evening Dinar Recaps,

SEC BACKS OFF: UNISWAP ANNOUNCES END OF INVESTIGATION

The platform called the move a “huge win for DeFi” after reports have suggested the SEC may be radically changing its approach to crypto enforcement in 2025.

Uniswap Labs, the developer behind the Uniswap decentralized exchange, reported that the US Securities and Exchange Commission (SEC) has dropped its probe into the firm.

According to a Feb. 25 X post, the SEC concluded its investigation into Uniswap and has no plans to pursue enforcement action against the firm. The report followed Uniswap’s announcement that it received a Wells notice from the SEC in April 2024 while the commission was under the leadership of then-Chair Gary Gensler.

“This is a huge win for DeFi and reaffirms what we’ve always known – that the technology we build is on the right side of the law, and our work is on the right side of history,” said Uniswap.

At the time of publication, the SEC had not made any official announcement regarding Uniswap. However, Coinbase made a similar claim on Feb. 21 that the commission would be closing its case against the crypto exchange roughly two years after being launched. The regulator’s Enforcement Division will also be closing investigations into Robinhood Crypto and OpenSea.

Changing course on crypto in 2025?

According to multiple filings with the SEC, the commission’s crypto task crypto met with representatives of several firms in February as part of efforts to explore potential changes to digital asset regulation.

Commissioner Hester Peirce, who leads the task force, suggested that the SEC wait until it has a Senate-confirmed chair to set a different regulatory path.

However, with the Uniswap action and others, the commission seems to be quickly changing its approach to crypto enforcement. Some experts have suggested that all other SEC cases, including a pending appeal from Ripple Labs following a court judgment, could be paused or withdrawn entirely.

Before US President Donald Trump took office, Reuters reported that the SEC would consider freezing all crypto enforcement cases that did not involve fraud as part of the administration’s change in policy on digital assets. 

Project 2025, an ultra-conservative policy framework that Trump’s team has largely followed since Jan. 20, suggested that the administration “remove regulatory impediments” at the SEC.

@ Newshounds News™

Source:  CoinTelegraph 

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NASDAQ FILES 19B-4 FOR CANARY CAPITAL’S HEDERA HBAR SPOT ETF

Big news for HBAR and Litecoin. Nasdaq has officially filed a 19b-4 form with the SEC, seeking approval to list and trade shares of the Canary HBAR ETF.    

According to Bloomberg analyst Eric Balchunas, this puts HBAR and Litecoin in the best position among current altcoin ETF filings, increasing their chances of gaining regulatory approval ahead of others. This ETF is designed to track the real-time price of HBAR, the 21st-largest cryptocurrency by market capitalization.

This filing marks a significant expansion of Canary Capital’s crypto investment products, following the launch of its HBAR Trust in October 2024 and an initial ETF registration (S-1) in November.

What This Means for HBAR?

If approved, the ETF would allow investors to gain exposure to Hedera’s HBAR token without directly purchasing or holding it. This kind of institutional investment vehicle has historically been seen as a positive development for crypto adoption, making it easier for traditional investors to enter the space.

HBAR’s price has reacted positively to the news, surging 5% following Nasdaq’s filing. This follows a previous 20% jump after the S-1 filing in November, showing strong investor enthusiasm for an HBAR-based ETF.

Canary Capital’s Growing Influence in Crypto ETFs

Canary Capital is also pursuing other cryptocurrency ETFs. Alongside the HBAR ETF, the firm has filed for a spot Litecoin ETF, which is now awaiting SEC approval. According to Bloomberg analyst Eric Balchunas, Litecoin’s regulatory outlook appears favorable, as it has not been caught in legal disputes with the SEC and has been classified as a commodity by the CFTC.

The spot Litecoin ETF has already been listed on the Depository Trust and Clearing Corporation (DTCC) under the ticker “LTCC,” an essential step toward its launch.

More Crypto ETFs in the Pipeline

Canary Capital isn’t stopping at HBAR and Litecoin. The firm has also filed for a spot XRP ETF, which the SEC has already acknowledged. Plus, there are reports that Canary is exploring similar investment products for Solana (SOL), indicating a broader push for crypto ETFs.

The introduction of more spot crypto ETFs signals a growing interest in making digital assets more accessible to institutional investors. 

While the SEC’s decision on the HBAR ETF is still pending, this filing represents a major step toward mainstream crypto adoption. If approved, it could pave the way for more blockchain-based investment products in the future.

@ Newshounds News™

Source:  Coinpedia

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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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Dr. Judy Shelton: Where is all the Fed’s Money Going?

Dr. Judy Shelton:  Where is all the Fed’s Money Going?

Liberty and Finance:  2-24-2025

In a recent discussion with Liberty and Finance, Dr. Judy Shelton, former economic advisor to President Donald Trump and author of “Good as Gold: How to Unleash the Power of Sound Money,” delivered a powerful argument for a return to honest money, framing it not just as an economic necessity but as a moral and constitutional imperative.

Shelton, a long-time advocate for sound monetary policy, argues that the Federal Reserve’s current approach, particularly its focus on “stable inflation,” fundamentally betrays the principles of true monetary integrity.

Shelton’s core argument hinges on the idea that the Federal Reserve’s inflation targeting directly erodes purchasing power. While the Fed aims for a moderate level of inflation, Shelton argues that this constant devaluation of the currency disproportionately harms those with lower incomes and fixed savings, exacerbating wealth inequality.

In essence, she posits that the pursuit of “stable inflation” is a government-sanctioned theft of wealth from ordinary citizens.

Drawing on historical examples, Shelton champions a return to a gold standard as a potential remedy for the current monetary malaise.

She argues that a currency linked to gold, unlike the fiat currency controlled by the Federal Reserve, provides a natural check on government spending and prevents the excessive printing of money that leads to inflation.

 A gold standard, according to Shelton, fosters greater price stability and encourages long-term economic planning.

Moreover, Shelton raises concerns about the accuracy of official government inflation statistics, suggesting they often paint a misleading picture of the true economic situation faced by everyday Americans. She believes that these flawed metrics lead to misguided investment decisions, ineffective government policies, and a general lack of transparency about the real state of the economy.

Shelton’s message is a call to action for radical reforms and increased public awareness. She believes that restoring monetary integrity requires a fundamental shift in how we perceive money and the role of the Federal Reserve.

Holding the Fed accountable and demanding sound monetary policy, she argues, is essential for safeguarding the economic future of individuals and the nation as a whole.

Ultimately, Dr. Judy Shelton’s perspective offers a compelling challenge to the status quo, urging a critical re-evaluation of our monetary system and advocating for a return to principles of honesty, transparency, and stability in our currency.

Her call for a return to sound money is not just about economics; it’s about upholding fundamental principles of fairness and accountability that underpin a just and prosperous society.

https://youtu.be/R4b8xiZefAA

Seeds of Wisdom RV and Economic Updates Tuesday Morning 2-25-25

Good Morning Dinar Recaps,

BIG NEWS: SEC PLANS TO CUT 10 REGIONAL OFFICE LEADERS AS PART OF DOGE-DRIVEN COST-CUTTING PLAN

The U.S. Securities and Exchange Commission (SEC) plans to remove the top leaders at its 10 regional offices as part of a broader cost-cutting initiative. As reported by Reuters, according to sources familiar with the matter, the SEC informed directors across these offices on Friday that their positions will be eliminated as part of a plan set to be submitted next month.

This move is part of a larger push for cost reductions under the Trump administration, which has been focused on purging federal agencies and cutting expenses. The SEC, which oversees the U.S. capital markets, is responding to pressure from President Donald Trump to reduce staff and expenses.

SEC leaders have been asked to suggest major budget cuts. As part of cost-cutting, a new department DOGE, led by Elon Musk is involved, and Musk has demanded federal employees list their recent accomplishments or risk being fired.

The decision to eliminate the regional directors, which requires approval from the three-person SEC commission, comes as the agency has already started scaling back its crypto enforcement efforts.

The SEC has offices from San Francisco to Miami, where officials lead investigations into public companies, brokers, and investment advisers. These directors play a crucial role in enforcement and examination decisions, making their removal a significant change within the agency.

 The reorganization plan will be submitted by SEC leaders, including Acting Chairman Mark Uyeda, and is expected to focus on restructuring operations to improve efficiency.

Reacting to the same, former SEC lawyer Marc Fagel said, “It’s almost like the head of DOGE, previously charged with securities fraud and currently the defendant in an ongoing SEC enforcement action, isn’t entirely free of conflicts in dismantling the SEC’s effectiveness.”

@ Newshounds News™

Source:  Coinpedia

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OHIO INTRODUCES BILL PREVENTING STATE TAXES ON CRYPTO PAYMENTS

The legislation also requires state pension funds to evaluate investing in crypto exchange-traded funds, and covers the right to self-custody and crypto mining.

Lawmakers in the US state of Ohio have introduced a bill that prohibits the state legislature from imposing taxes on digital assets when used as a payment method.

Ohio House Bill 116, introduced on Feb. 24 by Representative Steve Demetriou and co-sponsored by Tex Fischer, Brian Lorenz, Ty D. Mathews, Riordan McClain and Josh Williams, aims to amend existing legislation preventing municipalities from imposing extra taxes or fees on crypto assets beyond those applied to traditional fiat transactions.

“The general assembly shall not enact a bill that proposes to impose a fee, tax, assessment, or other charge on digital assets used as a method of payment for goods and services,” it reads.

The bill defines “digital assets” as cryptocurrencies, stablecoins and non-fungible tokens.  

The bill clarifies that taxes usually applied to legal tender, such as state or sales taxes, would still apply to crypto transactions, but there should be no new levies.

The “Ohio Blockchain Basics Act” also stated that no state agency or political subdivision may prohibit individuals from accepting crypto assets as payment for goods and services.

Right to self-custody, crypto mining

The bill also lets its residents retain the right to self-custody their digital assets using hardware or self-hosted wallets and partake in crypto staking.

Additionally, activities such as mining, staking, and exchanging crypto assets for other crypto assets do not require “money transmission” licensing under existing Ohio laws.

Individuals are also permitted to engage in crypto mining in residential areas if they comply with local zoning regulations. Meanwhile, mining businesses are explicitly allowed in industrial zones and cannot be unfairly targeted by local zoning changes.

Under the proposed legislation change, Ohio state retirement funds will also be required to evaluate the potential risks and benefits of investing in a crypto exchange-traded fund and report back to the General Assembly within a year.

Ohio representatives have been proactive with crypto-related bills in recent months. In September, Ohio Senator Niraj Antani introduced a bill requiring the state to accept cryptocurrency for payment of state taxes and fees.

In December, Ohio House Republican leader Derek Merrin introduced HB 703, aiming to establish a strategic Bitcoin reserve for the state.

Meanwhile, Ohio Senator Sandra O’Brien introduced another bill in February to create an “Ohio Bitcoin Reserve Fund,” with a five-year hodling period.

@ Newshounds News™

Source:  CoinTelegraph

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SOUTH DAKOTA FOLLOWS MONTANA'S LEAD, THROWS WATER ON BITCOIN RESERVE PLANS

While South Dakota lawmakers rejected the bill citing volatility concerns, Rep Logan Manhart plans to push for its revival next year.

South Dakota lawmakers dealt another blow to Bitcoin advocates on Monday when they voted to axe a bill that would have allowed the state to invest in Bitcoin.

In a key move, the House Commerce and Energy Committee voted 9-3 to defer HB1202 until the 41st day of the session, a procedural decision that effectively killed the bill, as the session concludes in no more than 40 days.

South Dakota’s decision follows a similar outcome in Montana, where lawmakers shot down a Bitcoin reserve bill in a 41-59 vote last week.

The proposal, introduced by State Representative Logan Manhart (R-S.D.), sought to permit the state to allocate up to 10% of its public funds into Bitcoin investments as a way to diversify its financial portfolio.

"It’s a commonsense update to South Dakota’s investment strategy by allowing a limited allocation of state funds into alternative assets that have consistently proven to preserve value, particularly in inflationary environments," Manhart said, as cited in the South Dakota Public Broadcasting report.

Matt Clark, South Dakota’s State Investment Officer, raised concerns about Bitcoin’s volatility and lack of intrinsic value.

@ Newshounds News™

Source: Decrypt 

~~~~~~~~~

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Iraq Economic News and Points to Ponder Monday Evening 2-24-25

Gold Retreats From Highs

Arabic and international   Economy News - Follow-up  Gold prices retreated on Monday from an all-time high hit during trading, supported by concerns about US President Donald Trump's plans to impose new tariffs, while investors' focus turned to a key report on inflation in the United States, due later in the week.  Spot gold fell 0.09% to $2,937.30 an ounce, while futures fell 0.03% to $2,951.90.

The precious metal hit an all-time high of $2,954.69 on Thursday.

Tariff concerns

Trump said last week he would announce new tariffs within the next month or so, adding lumber to his previous plans to impose duties on autos, semiconductors and pharmaceuticals.

This comes on the heels of additional tariffs, including a 10% tax on Chinese imports and a 25% duty on steel and aluminum.

Investors are closely watching the path of interest rates in the United States, where Trump’s policies are seen as inflationary. Rising inflation could prompt the US Federal Reserve to keep interest rates high, reducing the appeal of gold as a non-yielding asset.

Markets are looking ahead to the Federal Reserve's preferred measure of inflation, the personal consumption expenditures index, due out on Friday, to determine the future direction of US monetary policy.    https://economy-news.net/content.php?id=52964

Stability Of Oil Prices In Global Markets

Economy | 05:05 - 02/24/2025   Mawazine News – Economy  Oil prices stabilized during the session, Monday, the beginning of trading in the week, as investors awaited any clarifications regarding the talks to end the war between Russia and Ukraine.

Brent crude futures rose 0.5 percent to $74.56 a barrel, while US West Texas Intermediate crude also rose by 0.014 percent to $70.51 a barrel.

Brent and US West Texas fell by more than $2 a barrel on Friday, with the former recording a weekly decline of 0.4 percent and the latter 0.5 percent.

All eyes remain on the talks to end the Russia-Ukraine war, which is entering its fourth year.

Sanctions imposed by the United States and the European Union on Russian oil exports have limited its shipments and disrupted the flow of oil supplies transported by sea, and global energy supplies are expected to increase in the event of a peace agreement and the lifting of sanctions. https://www.mawazin.net/Details.aspx?jimare=259822

Find Out The Dollar Prices In The Iraqi Markets At Closing

Economy | 05:54 - 02/24/2025   Mawazine News – Economy   The dollar prices against the Iraqi dinar witnessed a decline today, Monday, in the markets of the capital, Baghdad, and in Erbil, the capital of the Kurdistan Region, coinciding with the closing of the stock exchange.

The dollar prices decreased with the closing of the Al-Kifah and Al-Harithiya stock exchanges to record 149,000 dinars for every 100 dollars, while the prices recorded this morning were 149,350 dinars for every 100 dollars.

As for the selling prices in exchange shops in the local markets in Baghdad, they stabilized, as the selling price reached 150,000 dinars for every 100 dollars, while the purchase price reached 148,000 dinars for every 100 dollars.

As for Erbil, the dollar also recorded a decline, as the selling price reached 149,050 dinars for every 100 dollars, and the purchase price was 148,950 dinars for every 100 dollars.

https://www.mawazin.net/Details.aspx?jimare=259824

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Seeds of Wisdom RV and Economic Updates Monday Evening 2-24-25

Good Evening Dinar Recaps,

BRICS: US DOLLAR FALLS FOR 3RD STRAIGHT WEEK FROM TRUMP TARIFFS

With a trade war brewing with the BRICS alliance, the US dollar has fallen for the 3rd straight week amid the ongoing Trump tariffs. Indeed, the country is beginning to see the effects of the ongoing import taxes as the currency struggled to end the week yet again.

All eyes are on how the global economy will react to the increased global tensions. Friday saw US President Donald Trump restate his threat towards the economic alliance. This time, he warned of 150% tariffs, as he further claimed that the bloc “broke up” amid the warning.

US Dollar Takes a Hit as Trump Tariff Hurts More Than Just BRICS

There have been growing concerns over US President Donald Trump’s economic policy. The aggressive nature of the plans has many worrying that it will only fast-track further de-dollarization. 

Indeed, what drove the nation to move away from the greenback, to begin with, was the weaponization of the global reserve asset. However, the current administration is seeking to do far worse than sanctions could.

Yet, it appears as though the continued threat of import taxes has begun to hinder the currency itself. Indeed, amid the BRICS opposition, the US dollar fell for the 3rd straight week amid the ongoing Trump tariffs, according to a Reuters report.

The fading value of the greenback has had an adverse reaction to the fast start of Trump’s second campaign. Specifically, his return to the Oval Office and the US dollar’s performance under his watch “has been mostly bluster on tariffs,” the report notes.

This is not a new phenomenon either. The greenback had been “struggling for traction in the past few weeks.” Moreover, in February alone, it has dropped more than 1.8%. Currently, the global reserve asset, is headed for its largest monthly drop since September.

The driving factor looks to be the ongoing tariff threat warnings. Although they have yet to be actualized, they are certainly taking their toll. With the US economy stagnating over geopolitical tensions, there is little interest for investors to increase dollar holdings, driving the fall.

@ Newshounds News™

Source:  Watcher Guru

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THE ‘BITCOIN’ SENATOR TO CHAIR FIRST DIGITAL ASSET HEARING WEDNESDAY

It has been a long journey for Senator Cynthia Lummis (R-WY) as she champions Bitcoin and digital assets in Congress. Earning respect and acceptance both in the bitcoin community and the legislative arena takes time, but after four years, Lummis will finally assume the role of Chair of the newly established Digital Asset Subcommittee under the Senate Banking Committee.

This presents a historic opportunity as Congress moves toward passing comprehensive legislation on stablecoins and market structure, potentially within the next year.

However, Senator Kirsten Gillibrand (D-NY), Lummis’ longtime co-sponsor on crypto legislation, does not serve on the Senate Banking Committee. Therefore, Lummis must garner support from Senate Democrats on the committee to advance bipartisan initiatives. 

Gillibrand, along with Lummis, has already co-sponsored Senator Bill Hagerty’s (R-TN) GENIUS Act, signaling her commitment to bridging political divides in the evolving regulatory landscape that would start with stablecoin legislation.

Witness Endorsement of an X Article “That Colossal Wreck”

Among the scheduled witnesses for the upcoming hearing is Jai Massari, Co-Founder and Chief Legal Officer of Lightspark. This past Friday, February 21, Massari endorsed an article on X calling for significant reform within the SEC that included calling out Democrats who previously led the SEC’s crypto regulation by enforcement efforts under the Biden Administration.

Austin Campbell, an Adjunct Professor at the NYU Stern School of Business, former and recently appointed as the CEO of WSPN, who has been a frequent witness in Congress and thought leader on crypto policy, with a tradfi background from Chase, Stone Ridge and JP Morgan Chase, has been a vocal critic of the SEC’s regulatory approach under the Biden Administration.

In his article mentioned above with respect to Massari’s endorsement, "That Colossal Wreck," Campbell revealed that a senior Democratic Party official had urged him to temper his rhetoric toward former SEC Chair Gary Gensler and others who were previously at the SEC. 

According to Campbell, he refused and then was inspired to lay out his vision of what he felt should happen to those who participated in the SEC over the last four years based on the damage caused by their policies.

"They should not be allowed to return to the government, allowed anywhere near the levers of power, and anyone in the Democratic party supporting, aiding, abetting, or directing them should be ejected immediately and roundly derided for this absolutely shameful chapter in US financial regulatory history," said Campbell.

Massari emphatically tweeted on X regarding Campbell’s article:

"This. All of this. Every word. @CampbellJAustin 🔥✅🏆 We must do better. Face the no good, very bad story and work to fix it. Caring about good government and institutions means taking a hard and clear-eyed look, particularly when it is not politically convenient."

While it is not yet known what Massari will testify on specifically as written testimony is not yet public, this message seems to underscore the need for cooperation and bipartisanship to forge meaningful and long-lasting crypto legislation in the U.S., regardless of the politics involved. 

Between what appears to be a softer tone on crypto in the Senate Banking Committee from Ranking Member Elizabeth Warren (D-MA) and the drive by Chairman Tim Scott (R-SC) and the Republicans to pass stablecoin and possibly market structure legislation within the first 100 days of the Trump Administration, Massari and her other witnesses may spur on Congress toward historical, landmark laws for crypto in the U.S. that have been years in the making.

It is going to be a challenge for Lummis to make sure this new subcommittee can be effective. Her colleague across the aisle will be Ranking Member Ruben Gallego (D-AZ). 

Senator Gallego did vote last year when he was a Congressman for FIT21 in the House, as well as for the repeal of SAB 121, which according to industry ratings means he strongly supports crypto.

Details on the Witnesses and Hearing Information

Besides Massari, Mr. Jonathan Jachym, Deputy General Counsel and Global Head Of Policy & Government Relations for Kraken Digital Asset Exchange, will be testifying. Jachym just testified in the House. The third and final witness posted at this point is Mr. Lewis Cohen, Partner, Cahill Gordon & Reindel LLP. 

Cohen is one of the leading “crypto native” lawyers in the United States and advises clients on complex legal and regulatory matters related to blockchain, cryptocurrency, and tokenization across global capital markets. a witness.

The hearing can be viewed via livestream starting on Wednesday, February 26 at 2:30pm ET and will take place in Dirksen Senate Office Building 538.

@ Newshounds News™

Source:  Forbes

~~~~~~~~~

ROBINHOOD SAYS SEC DROPPED CRYPTO INVESTIGATION, IN LATEST WITHDRAWAL

Today Robinhood announced that Robinhood Crypto was notified by the Securities and Exchange Commission (SEC) that the SEC would not be taking enforcement action. This follows the SEC issuing a Wells Notice last year warning of impending legal action relating to crypto custody, cryptocurrency listings and platform operations.

Under acting SEC Chair Mark Uyeda, several crypto related cases have been dropped or paused. It recently dropped the investigation into NFT platform OpenSea and on Friday Coinbase said its SEC court case would end, subject to Commissioner approval. Earlier this month the SEC paused its case against Binance.

Plus it withdrew its appeal in its attempt to expand the definition of brokers to include liquidity providers.

Back to Robinhood, “We applaud the staff’s decision to close this investigation with no action,” said Dan Gallagher, Chief Legal, Compliance and Corporate Affairs Officer, Robinhood Markets, Inc.

 “Let me be crystal clear—this investigation never should have been opened. Robinhood Crypto always has and will always respect federal securities laws and never allowed transactions in securities.” Mr Gallagher is himself a former SEC Commissioner.

The announcement highlighted that Robinhood Crypto had been careful in its approach, only listing 18 cryptocurrencies after thorough due diligence, as opposed to the hundreds listed by other platforms.

@ Newshounds News™

Source: Ledger Insights

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US Government Won’t Say if Fort Knox Gold is Missing

US Government Won’t Say if Fort Knox Gold is Missing

Mark Moss:  2-24-2025

For generations, Fort Knox has been synonymous with American financial security. We’ve been told it houses roughly $250 billion worth of gold bullion, a bedrock of stability for the U.S. dollar. But what if that foundation is built on shaky ground? What if the gold everyone believes is there… isn’t?

This isn’t some far-fetched conspiracy theory being whispered in the dark corners of the internet. The unsettling truth is that no independent audit of Fort Knox’s gold reserves has been conducted in over half a century. 

Think about that for a moment. Fifty years without a comprehensive, transparent accounting of assets supposedly underpinning our entire financial system.

The U.S. government consistently refuses independent audits, fueling speculation and distrust. They could easily silence the doubters, quell the rumors, and reassure the public by simply opening the vault and allowing a thorough examination. Yet, they refuse.

The last time outsiders were granted access was arguably more of a carefully orchestrated PR event than a genuine inspection. Politicians posed for photo opportunities with gold bars, but there was no rigorous inventory. No weighing of the bars. No verification of serial numbers. Just a fleeting glimpse designed to project an image of security, without actually providing any concrete proof.

So, the burning question remains: Why won’t the government definitively prove the gold is there? And what happens if it’s not? The implications could be catastrophic, potentially triggering a financial crisis of unprecedented scale.

But even if the gold is actually there, it raises another, equally important question: is it the quantity and quality we’ve been led to believe?

The official explanations often revolve around security concerns and the cost of undertaking such a massive audit. However, these justifications ring hollow. Modern technology allows for sophisticated non-invasive testing and accounting methods that minimize security risks. As for the cost, wouldn’t guaranteeing the stability of the U.S. financial system warrant the expense?

History teaches us a vital lesson: when governments shroud their actions in secrecy, the people ultimately bear the consequences. The mystery of Fort Knox demands answers.

Until those answers are provided, it’s crucial to remain vigilant and take proactive steps to safeguard your financial future. The time to prepare is now, before the truth – whatever it may be – is finally revealed.

Watch the video below from Mark Moss for further insights and information.

https://youtu.be/6NhJAsYEIys

Seeds of Wisdom RV and Economic Updates Monday Afternoon 2-24-25

Good Afternoon Dinar Recaps,

GRAYSCALE'S XRP ETF UNDER SEC REVIEW—THE COUNTDOWN BEGINS

The SEC’s review of Grayscale’s XRP ETF is officially underway, sparking speculation that a crypto-friendly shift could lead to a groundbreaking approval.

SEC Begins Review of Grayscale’s XRP ETF Proposal

The Federal Register officially published Grayscale’s XRP exchange-traded fund (ETF) proposal on Feb. 20, 2025, marking the beginning of the U.S. Securities and Exchange Commission’s (SEC) review process. Fox Business journalist Eleanor Terrett highlighted the significance of this step on social media platform X, stating:

Grayscale’s XRP ETF (19b-4 filing) has officially been posted to the Federal Register. All this means is that the clock starts now for the SEC to engage and either approve or deny on or before October 18.

The SEC follows a structured timeline when reviewing ETF proposals under the 19b-4 process. Initially, the agency has 45 days from publication to make a decision or extend the review.

 If an extension is granted, the SEC can push the deadline to 90 days. The commission can further extend the timeline, with additional review periods of 45 and 60 days, bringing the latest possible deadline to Oct. 18, 2025.

During this time, the SEC will solicit public comments, analyze market impact, and assess compliance with regulatory requirements. Approval could come at any stage, but historically, the SEC has taken the full timeline before issuing a final decision.

The filing, submitted by NYSE Arca, seeks to list and trade shares of the Grayscale XRP Trust under Rule 8.201-E, which governs commodity-based trust shares.

The securities regulator has already approved spot bitcoin ETFs and spot ether ETFs, paving the way for broader cryptocurrency investment products.

The departure of former SEC Chair Gary Gensler has further altered the agency’s stance, with his successor taking a more crypto-friendly approach. Under the new leadership, the SEC has paused or dropped multiple lawsuits against crypto firms, fueling speculation that Ripple’s ongoing legal battle could be the next case to be dismissed.

This change in regulatory climate has increased optimism that the XRP ETF may have a smoother path to approval compared to earlier crypto ETF applications.

With the publication in the Federal Register, the SEC will now open a public comment period before making a final decision on the Grayscale XRP ETF.

If approved, the fund would allow investors to trade the XRP ETF shares on a regulated exchange, potentially increasing market liquidity and accessibility for XRP. The crypto community is closely watching, as the SEC’s ruling could influence future cryptocurrency ETFs and broader digital asset adoption.

@ Newshounds News™

]Source:  Bitcoin News

~~~~~~~~~

BRICS: US & RUSSIA TO ANNOUNCE “MAJOR ECONOMIC” PARTNERSHIP

Despite the growing tensions between both the BRICS economic alliance and the US, the Western power and Russia are reportedly nearing a “major economic” deal, according to US President Donald Trump. Indeed, Trump took to Truth Social to discuss ongoing negotiations with both Moscow and Ukraine to end the war amid its three-year anniversary.

In the post, Trump recalled a meeting with French President Emmanuel Macron and Canada’s Prime Minister Justin Trudeau that took place Monday.

 He noted that, amid hopes between the three of ending the war, he was nearing a signed “Critical Minerals and Rare Earth’s Deal” with Ukraine. Therefore, the President claims he is nearing a deal with both nations to end the ongoing military conflict.

US and Russia Nearing Economic Partnership as Trump Talks Negotiations to End Ukraine War

Since his November 2024 election win, Donald Trump has not been shy about his opposition to the BRICS bloc. Indeed, he has spoken about the imposition of 150% tariffs on the alliance as he seeks to protect the status of the US dollar globally. Yet, the United States commander-in-chief is reportedly nearing a massive deal with one of its most prominent nations.

Despite the growing BRICS tensions, the US and Russia are nearing a “major economic” partnership, according to US President Trump. In a post to Truth Social, he explained ongoing negotiations with both Moscow and Ukraine in his effort to end the war that he claimed would have never started if I was President.”

“I am in serious discussion with President Vladimir Putin of Russia concerning the ending of the war,” Trump said. Moreover, he also noted there will be “major Economic development transactions which will take place between the United States and Russia. Talks are proceeding very well,” he added.

The talks have been a byproduct of growing relations between the two countries. Just last week, Putin called for Russia to partner with Tesla CEO Elon Musk. Indeed, the world’s richest man has headed Trump’s DOGE commission and was key in his bid for reelection.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

US GOLD INFLUX: SWISS EXPORTS SURGE TO UNPRECEDENTED LEVELS

In January, Swiss gold exports to the U.S. reached a record high of 193 metric tons, driven by fears of potential tariffs. This surge, exceeding the total for 2024, was triggered by a premium on Comex gold futures, creating a profitable opportunity for traders to deliver gold to U.S. warehouses.

Due to differing bar sizes between London and New York, gold is typically refined in Switzerland before being shipped to the U.S. This influx contributed to a significant increase in gold held in Comex depositories and a near doubling of Switzerland’s total gold exports.

@ Newshounds News™
Source:  Bitcoin News

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Seeds of Wisdom RV and Economic Updates Monday Morning 2-24-25

Good Morning Dinar Recaps,

MONTANA JOINS GROWING LIST OF US STATES KNOCKING BACK BITCOIN RESERVE BILLS

Montana joins North Dakota, Wyoming, and Pennsylvania in halting proposals to include Bitcoin in state reserves.

Montana’s attempt to invest public funds in Bitcoin was thwarted on Friday when a piece of legislation failed to gain approval in the House of Representatives.

House Bill 429, introduced earlier this month by Representative Curtis Schomer, sought to create a special revenue account allowing up to $50 million to be allocated for crypto, stablecoins, and precious metals

The aim, according to Schomer, was to diversify the state’s assets and potentially provide higher returns than traditional bond investments.

Even though Bitcoin (BTC) was the only digital asset to meet the criteria set by the bill with $1.8 trillion in market cap, it encountered strong opposition from lawmakers, culminating in a 41-59 vote in the House.

Montana now joins a growing list of states that have rejected Bitcoin reserve proposals, including North Dakota, Wyoming, and Pennsylvania.

While Montana has opted for caution, the push for Bitcoin reserves is gaining momentum elsewhere, with several other states moving faster than the federal government to integrate cryptos into public finance.

Roughly 19 state proposals are still pending, as per Bitcoin Reserve Tracker data, including in Arizona, Illinois, Kentucky, Maryland, Oklahoma, New Hampshire, and Texas, among others.

Utah’s Blockchain and Digital Innovation Amendments bill, which allows the state treasurer to allocate up to 5% of public funds to digital assets, is still pending.

Arizona’s Senate Finance Committee has advanced a bill proposing to allow up to 10% of public funds, including pension systems, to be invested in crypto.

The bill now heads to the Senate Rules Committee for additional examination and, if greenlit, will proceed to the House of Representatives for further consideration.

Texas is also exploring two separate bills: one permitting up to 1% of the general revenue fund to be allocated to Bitcoin and another focused on Bitcoin donations and crypto payment conversions.

Meanwhile, countries such as Switzerland, Brazil, Japan, and Russia are also exploring the potential of using Bitcoin as part of their national reserve strategies.

@ Newshounds News™

Source:  Decrypt

~~~~~~~~~

GEORGIA INTRODUCES NEW BITCOIN RESERVE BILL

Yet another strategic Bitcoin reserve (SBR) bill has been submitted to the Georgia Senate.  Notably, the legislative effort (SB 228) was introduced by the Democrats.  The bill has emerged as a partisan competitor to the SBR bill that was put forward by the Republicans (SB 178) ten days ago.

Notably, the bill that was introduced by the Democrats has no investment limit. For comparison, the competing bill has a 5% cap.  Overall, more than 20 state-level SBR bills have now been introduced in the US.

@ Newshounds News™

Source:  U Today

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If this Happens, the USD System Collapses, US Gold Reserves Gone Missing?

If this Happens, the USD System Collapses, US Gold Reserves Gone Missing?

Sean Foo:  2-22-2025

In a move that has sent ripples of speculation and anticipation through financial markets, President Donald Trump has confirmed his intention to personally oversee an audit of the gold reserves held at Fort Knox.

This announcement, made via a statement released earlier this week, has ignited a firestorm of debate, with many questioning the motives and potential consequences of such an unprecedented action.

Fort Knox, a heavily guarded United States Army post in Kentucky, is legendary for its supposed storage of a vast portion of the nation’s gold reserves. The vault, encased in granite and protected by layers of security, has become a symbol of American economic strength and stability.

However, rumors and conspiracy theories surrounding the actual contents of the vault, and whether the gold is actually there, have persisted for decades.

Now, Trump, known for his unconventional approach and disruptive tendencies, seems poised to finally address these rumors head-on. Details surrounding the audit are scarce, but his statement hinted at a deep concern regarding the integrity of the nation’s gold holdings.

The potential ramifications of this audit are enormous. For decades, the U.S. dollar has been considered a reserve currency, partially backed by the perceived strength and security of the nation’s gold reserves. Should the audit reveal a significant discrepancy – or worse, an absence of a substantial portion of the gold – the consequences could be devastating.

While some see Trump’s move as a necessary step towards transparency and accountability, others view it as a reckless gamble that could destabilize the global economy. Critics argue that the audit itself could spark unnecessary panic and speculation, even if the gold is found to be intact. Concerns have also been raised about the practicality and security of conducting such an audit, given the sensitive nature of the gold reserves.

The coming weeks will be crucial as details surrounding the audit continue to emerge. Whether this bold move will ultimately reinforce faith in the American financial system or trigger a crisis remains to be seen. One thing is certain: the world will be watching closely as Trump attempts to unlock the secrets of Fort Knox and potentially reshape the future of the U.S. dollar.

Watch the video below from Sean Foo for further insights and information.

https://youtu.be/ZItA-KKSAEY

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 2-23-25

Good Afternoon Dinar Recaps,

COINBASE SAYS SEC WILL DROP LAWSUIT AGAINST CRYPTO EXCHANGE—CITING CHANGE IN ‘POLITICAL LEADERSHIP’

The Securities and Exchange Commission has agreed to drop its lawsuit against Coinbase, following what the crypto exchange said was a change in “political leadership” at the agency, which accused Coinbase of failing to register as a securities exchange under the Biden administration.

▪Paul Grewal, Coinbase’s chief legal officer, wrote in a blog post Friday saying SEC officials have agreed “in principle” to dismiss the agency’s lawsuit against Coinbase.

▪The SEC sued Coinbase—the largest crypto firm in the U.S.—in Manhattan federal court in 2023, alleging at least 13 crypto assets sold by the crypto exchange should have been registered as securities before they were offered publicly.

▪“What changed over those two years was the political leadership at the SEC,” Grewal wrote, appearing to reference the lawsuit being filed under the Biden administration and a shift in oversight under President Donald Trump, who has promised to lessen the regulatory burdens facing the industry.

▪Grewal told the Wall Street Journal that SEC officials will likely vote next week to dismiss the agency’s lawsuit (Coinbase did not immediately respond to a request for comment).

▪The SEC declined to comment to Forbes.

Key Background
The SEC targeted several cryptocurrency firms under the Biden administration, including lawsuits filed against Coinbase, Binance and Kraken, among others.

Regulators pushed for more oversight of the industry, claiming crypto assets sold by crypto exchanges were securities that should be registered under the SEC’s umbrella. Coinbase—which went public in 2021—disputed the SEC’s claims and accused the agency of “hurting America’s economic competitiveness.”

A federal district court declined to toss the SEC’s case against Coinbase in March 2024, and the crypto firm appealed the ruling in January. The SEC’s lawsuits against Binance and Kraken are ongoing, though the SEC has requested its case against Binance be paused.

What Has Trump Said About Regulating The Crypto Industry?
In the lead-up to his inauguration, Trump indicated he would use his executive powers to reduce regulatory burdens facing crypto firms.

He suggested he would create a new crypto advisory council, and Trump reportedly planned to unveil an executive order declaring cryptocurrency a policy priority while advising agencies to work with the industry.

Acting SEC chair Mark Uyeda said earlier this week a task force to oversee the crypto industry—established by former SEC chair Gary Gensler—would be cut down, and a new task force is reportedly moving away from Gensler’s approach.

@ Newshounds News™

Source:  Forbes

~~~~~~~~~

RUSSIA'S SUPREME COURT MOVES TO CLASSIFY CRYPTO AS PROPERTY

Russia’s Supreme Court is pushing to classify cryptocurrency as property in penal cases, aiming to strengthen law enforcement’s ability to track, freeze, and confiscate illicit digital assets.

Russia’s Supreme Court Advances Crypto Legalization Efforts
Russia’s Supreme Court has taken an increasingly active role in defining the legal status of cryptocurrency, with its latest efforts focusing on recognizing digital assets as property for penal proceedings, Tass reported on Feb. 20. Chairperson Irina Podnosova addressed the issue at a recent meeting attended by judges and Russian President Vladimir Putin, stating:

With the spread of cryptocurrency in the economy, there has been a rise in crimes where the digital currency is either the means of committing the crime, the criminal income, or the object of the offense.

She further confirmed that the Supreme Court is involved in drafting a “legislative initiative aimed at recognizing digital currency as property for purposes of penal proceedings,” a move that could strengthen law enforcement’s ability to handle crypto-related crimes.

This is not the first time Russia’s Supreme Court has addressed cryptocurrency in legal proceedings. In 2019, it ruled that converting bitcoin into rubles constituted money laundering when the digital currency was obtained through illegal activities, particularly in cases involving drug-related transactions.

 The court’s decision reinforced that cryptocurrencies could fall under existing anti-money laundering laws. Additionally, in 2021, the court ruled that WMZ, the electronic currency used in the Webmoney Transfer system, was legally recognized as an object of civil rights, setting a precedent for the legal treatment of digital assets in Russia.

These earlier rulings indicate the Supreme Court’s ongoing efforts to integrate cryptocurrency into the country’s judicial framework.

Despite stable crime patterns in Russia, where property crimes account for 38%, violent crimes for 24%, and offenses against public security and order for 24%, the growing use of digital currency in criminal activities has prompted efforts for clearer legal definitions, according to Podnosova.

By officially classifying cryptocurrency as property, authorities will be better positioned to track, freeze, and confiscate illicit digital assets. As more countries seek to regulate the crypto space, Russia’s legislative efforts highlight the increasing necessity for legal clarity in digital finance.

@ Newshounds News™

Source:  Bitcoin

~~~~~~~~~

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Who's Buying All The Gold? | Clive Thompson

Who's Buying All The Gold? | Clive Thompson

Liberty and Finance:  2-22-2025

Retired wealth manager Clive Thompson discusses the current state of the gold market, noting its unprecedented price levels amid rising inflation. He highlights unusual patterns in the futures market, with delivery notices for gold significantly higher than typical.

Thompson explains that central banks are actively acquiring gold as a hedge against economic uncertainty, while political factors are also influencing market dynamics.

The world of finance is often complex and turbulent, requiring astute observation and seasoned experience to navigate successfully. Retired wealth manager Clive Thompson recently joined Liberty and Finance to share his insights on the current state of the gold market, and his analysis paints a picture of unprecedented circumstances driven by a confluence of economic and political factors.

Thompson, leveraging years of experience managing wealth through various market cycles, immediately highlighted the remarkable price levels gold is currently commanding. He attributed this surge, in part, to the persistently high inflation gripping economies worldwide, pushing investors towards the safe haven asset in droves.

However, the story doesn’t end there. Thompson pointed to unusual patterns emerging in the futures market that suggest a deeper, more complex dynamic at play.

Diving deeper into the underlying causes, Thompson emphasized the role of central banks. “Central banks are actively acquiring gold as a hedge against economic uncertainty,” he revealed.

With global economies facing potential recession, rising interest rates, and geopolitical instability, central banks are bolstering their reserves with gold, recognizing its intrinsic value and ability to hold its own during times of crisis.

Political factors are also heavily influencing market dynamics, according to Thompson. He didn’t elaborate on specifics, but the implication is clear: global uncertainty, trade tensions, and potential conflicts are all contributing to the demand for gold as a safe haven asset.

Despite the positive outlook for gold itself, Thompson offered a word of caution regarding gold mining stocks. He noted the underperformance of these equities relative to the price of gold, a discrepancy that warrants careful consideration. This divergence suggests that factors specific to the mining industry, such as operational costs, political risks in mining regions, and environmental concerns, are weighing on investor sentiment.

Ultimately, Thompson underscored the fundamental principle of diversification in asset allocation. While he believes gold offers a compelling hedge against economic uncertainty and inflation, he cautioned against putting all eggs in one basket. A well-rounded portfolio, diversified across various asset classes, remains the cornerstone of sound financial planning.

In conclusion, Clive Thompson’s analysis paints a compelling picture of a gold market operating in unprecedented territory. Driven by inflation, central bank demand, and geopolitical uncertainty, gold prices are reaching new heights. While the future remains uncertain, Thompson’s insights provide valuable guidance for investors navigating the complexities of the global financial landscape.

 His emphasis on diversification and understanding the nuances of the gold market, including the performance of mining stocks, is crucial for making informed investment decisions in these turbulent times.

INTERVIEW TIMELINE:

0:00 Intro

1:30 COMEX gold deliveries

15:00 Major shifts in gold market

20:00 Gold's price historically

https://www.youtube.com/watch?v=7G8br-KUFTk