Seeds of Wisdom RV and Economic Updates Thursday Morning 4-10-25

Good Morning Dinar Recaps,

JUST IN: SENATE CONFIRMS PAUL ATKINS AS SEC CHAIR, NEW ERA FOR CRYPTO?

In a 52-44 vote, the U.S. Senate has confirmed Paul Atkins as the next Chair of the Securities and Exchange Commission (SEC). The confirmation now heads to the White House, where President Donald Trump is expected to formally sign off on the appointment. Once that process is complete, Atkins will be officially sworn in. According Fox Business’ Eleanor Terrett, the timing for these next steps remains unclear.

Who Is Paul Atkins?

Paul Atkins is a seasoned financial regulator and former SEC commissioner who served under President George W. Bush. Known for his market-oriented approach, Atkins is respected across party lines and has also held senior roles under Democratic leadership, including under former SEC Chair Arthur Levitt. His nomination hints at a significant shift in regulatory direction under the Trump administration.

Atkins will replace outgoing Chair Gary Gensler, whose tenure was marked by a high-profile and often controversial crackdown on the crypto industry. Gensler faced both praise and criticism for an aggressive enforcement-first approach, especially in applying securities laws to digital assets.

A Turning Point for Crypto Policy?

Under the Biden administration, critics argued that the SEC’s enforcement-heavy stance stifled innovation and failed to offer a clear regulatory path forward. With Atkins at the helm, expectations are high that the SEC may pivot toward a more constructive, guidance-driven regulatory environment.

While details about Atkins’ policy plans remain to be seen, early signals suggest a shift toward fostering innovation while still enforcing accountability. Many in the industry are hopeful that the incoming SEC leadership will work toward creating a consistent, federally backed framework that balances growth and oversight.

@ Newshounds News™
Source:  Coinpedia

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TREASURY EYES REGULATORY RESET TO IGNITE BLOCKCHAIN AND PAYMENTS

Regulatory roadblocks are crumbling as the U.S. Treasury signals a sweeping pivot toward blockchain, stablecoins, and digital assets, igniting America’s fintech dominance worldwide.

Regulatory Barriers on the Brink as Treasury Sparks Blockchain Shift

U.S. Treasury Secretary Scott Bessent laid out a broad financial reform agenda at the Bankers Association Summit on April 9, pledging to remove regulatory barriers that he said have slowed innovation in blockchain, stablecoins, and modern payment technologies. His address emphasized aligning financial oversight with national interests while refocusing on economic growth. Bessent stated:

We will take a close look at regulatory impediments to blockchain, stablecoins, and new payment systems. And we will consider reforms to unleash awesome power of the American capital market.

“Americans deserve a financial services industry that works for all Americans, including and especially Main Street. Under President Trump’s leadership the Treasury Department and I will deliver that to you,”  Bessent added.

Bessent criticized current regulatory approaches as outdated and skewed toward global frameworks, particularly the Basel Committee’s capital standards, which he claimed are “not in my opinion the right starting point for a modernization effort.” 

He called for a U.S.-first model built from “the ground up,” emphasizing that decisions impacting domestic financial innovation should not be shaped by international bodies lacking transparency. 

His remarks suggested that this shift could help level the playing field between banks and nonbank financial innovators, a move that would give rise to broader adoption of technologies like digital assets and tokenized payment networks.

In line with that vision, Bessent confirmed that the Treasury would also review capital rules that currently disincentivize investment in innovation. He further pledged to modernize anti-money laundering and compliance rules to allow financial institutions to focus on “national security priorities and high-risk areas,” giving them leeway to deprioritize lower-risk activities.

While pushing for reform, Bessent framed the administration’s approach as supportive of small-town lenders and consumers:

Americans deserve a financial services industry that works for all Americans.

His remarks position the Treasury to potentially spearhead new regulatory frameworks aimed at fostering both financial safety and cutting-edge innovation.

President Donald Trump has strengthened his pro-cryptocurrency position by ordering the creation of a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, using roughly 200,000 BTC seized in legal cases to support national economic interests.

At the same time, the U.S. Department of Justice (DOJ) disbanded its National Cryptocurrency Enforcement Team, indicating a shift from enforcement to industry support. The moves reflect the administration’s aim to make the U.S. a global crypto leader.

@ Newshounds News™
Source:  Bitcoin News

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“Tidbits From TNT” Thursday Morning 4-10-2025

TNT:

Tishwash:  US official: We have huge opportunities in Iraq

The Vice President of the US Chamber of Commerce, Steve Lutes, announced that "his country's companies in the energy and healthcare sectors will visit Baghdad in the coming period," stressing that "there are tremendous opportunities in Iraq."

A US delegation arrived in Iraq last Monday, the largest US trade mission ever, comprising representatives from 60 companies across various sectors.

In a statement seen by Al-Masry Al-Youm on Thursday, Lutz said, "The American delegation listened to a speech by Prime Minister Mohammed Shia al-Sudani regarding relations between Iraq and the United States and ways to develop them."

He added, "The US economic delegation signed several important agreements with Iraq, some of which were attended by the Iraqi Prime Minister, and this was in coordination with the US Treasury Department."

Lutz noted that "this visit will be a new spark for developing relations between American economic and business companies and Iraq, especially given the many investment opportunities we seek to capitalize on in light of the long-term partnership with our Iraqi partners."  link

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Tishwash:  Despite Tariffs, US brings largest Trade Delegation to Iraq

Prime Minister Mohammed S. Al-Sudani received a delegation from the U.S. Chamber of Commerce on Wednesday, including American investors and corporate executives, accompanied by the U.S. Chargé d'Affaires in Iraq.

The meeting focused on strengthening economic ties and promoting Iraq as an attractive destination for foreign investment.

The Prime Minister outlined steps taken by the Iraqi government to facilitate business entry, noting the country's broad and diverse market, legal reforms, and investment incentives. He emphasised Iraq's stability, skilled labour force, and ongoing development across various sectors.

According to a statement from the US Embassy, almost 60 U.S. companies are part of the delegation, aiming to. "strengthen U.S.-Iraq private sector ties and foster fair and balanced trade between the U.S. and Iraq."

The U.S. Chamber and the Federation of Iraqi Chambers of Commerce earlier signed a memorandum of understanding (MoU) to "strengthen ties between the US and Iraqi private sectors." It added: "This partnership will foster long-term economic collaboration."

Last week, the US imposed additional tariffs of 39 percent on imports from Iraq (excluding oil).

Full statement from the Media Office of the Prime Minister:

Prime Minister Mohammed S. Al-Sudani Welcomes a Delegation from the U.S. Chamber of Commerce

Prime Minister Mohammed S. Al-Sudani welcomed today, Wednesday, a large delegation from the U.S. Chamber of Commerce, which included a number of corporate executives and American investors, in the presence of the U.S. Chargé d'Affaires in Iraq.

The Prime Minister reviewed the facilitations and measures taken by the government to support the entry of businesspeople and companies into the Iraqi market, which now holds numerous promising opportunities. He noted that Iraq offers a broad and diversified market for various goods, products, and services.

Prime Minister Al-Sudani emphasized that the Iraqi people have made significant achievements in defeating terrorism and laying the foundations for national development. He stressed the importance of maintaining and strengthening bilateral relations with the United States, particularly since Iraq today stands as a distinguished democratic model in the region.

Key highlights from the Prime Minister's remarks:

Due to the war in the 1980s, the sanctions in the 1990s, and the fight against terrorism over the past two decades, development in Iraq has been delayed across all sectors.

Iraq is a fertile ground for investment opportunities in all fields.

The country today enjoys political, security, societal, and economic stability, and is witnessing an unprecedented development boom.

Iraq has a skilled labor force and promising expertise across various fields.

The government has worked to improve the business environment and made serious efforts to reform laws to facilitate company registration and operations.

Iraq's investment law offers numerous incentives to investors, and the government is working on a legislative package to further encourage foreign investment.

Iraq's trade balance is not in deficit, but structural reforms are needed to reduce reliance on oil.

Iraq is an industrial and agricultural nation and represents the shortest commercial route between East and West, connecting to Europe through Türkiye.

The Development Road Project will become the shortest and most cost-effective economic corridor linking Asia and Europe.

Iraq possesses untapped mineral wealth and ranks first globally in sulfur reserves and second in phosphate reserves.

Iraq produces 4 million barrels of oil per day, but flares associated gas while simultaneously importing gas to power electricity stations.

The government has set a vision for strategic projects and signed contracts with international companies to stop gas flaring by early 2028.

Iraq ranks among the top ten countries in the world in natural gas reserves.

Some portray a negative image of Iraq, which is not only unfair but also inaccurate.

Iraq has welcomed numerous investment companies to carry out projects in energy, housing, industry, and agriculture, with the total value of investment licenses reaching $88 billion.

Sovereign guarantees have been granted to the private sector to support the implementation of projects in various sectors.  link

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Tishwash:  Government Advisor: Cooperation between Fiscal and Monetary Policies Ensures Sustainable Economic Stability

The Prime Minister's Advisor for Financial Affairs, Mazhar Mohammed Salih, explained on Wednesday the mechanism for closing and financing the budget deficit. He noted that the state's general budget is based on an oil price of $70 to counter market fluctuations. He emphasized that cooperation between fiscal and monetary policies ensures sustainable economic stability.

 Saleh told the Iraqi News Agency (INA): "Since the federal state budget was enacted under Law No. 13 of 2023, amended (the three-year budget for 2023, 2024, and 2025), it has been based on conservative oil prices to counter oil market fluctuations.

This includes adopting a price of $70 per barrel of crude oil, an export capacity of 3.4 million barrels of oil per day, and an annual spending ceiling of approximately 200 trillion dinars, with a planned deficit of approximately 64 trillion dinars."

He explained that "the planned deficit, if realized, turns into an actual deficit, financed (according to the degree of deficit) from domestic sources and a small number of committed external sources, depending on actual need, particularly for financing development projects."

He added that "the domestic sources of deficit financing are loans provided by the government banking system, often to finance the general budget when a deficit occurs, as a bridge loan. With the exception of the first quarter of fiscal year 2025, nothing has occurred that requires significant borrowing, except for less than 6% of the total planned annual balance to date."

He pointed out that "there is close and precise cooperation between fiscal and monetary policies, and they are proceeding closely together to build sustainable financial stability in our country to confront any shock of a sudden drop in global oil prices and its repercussions on financing the state's general budget."

He continued: "This is in order to maintain spending related to securing salaries, wages, pensions, social care, the basic services program, and support for farmers, all of which are constants in spending in the 2025 fiscal year, while proceeding with basic service projects (education, health, sewage networks, electricity, water, and roads)." link

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Mot: .... Like SUDDEN!! - it Was - Too!!! 

Mot: today 

Iraq Economic News and Points to Ponder Wednesday Afternoon 4-9-25

Economist: The Stability Of The Dollar Exchange Rate In Iraq Does Not Reflect A Real Decline

Time: 2025/04/09 16:00:56 Read: 1,410 times  {Economic: Al Furat News} Economic expert, Duraid Al-Anzi, confirmed today, Wednesday, that the stability of the dollar exchange rate in Iraq is tending towards a decline, noting that these changes do not reflect a real decline in value.

Al-Anzi added to Al-Furat News Agency that "the dollar in Iraq will not be affected by any international changes at the present time, and that the main factor behind this fluctuation is the lack of interference by black market traders in manipulating the dollar price."

He explained that "supply and demand in the market have become equal, and that any decline in prices is temporary and does not reflect an actual decline in the value of the dollar." He emphasized that market balance depends primarily on central bank sales.  LINK

Preparations For The Arab Summit In Baghdad Are Complete, And Guterres Confirms Participation.
April 9, 2025

Baghdad - Qusay Munther  The Council of Ministers voted on the requirements for holding the Arab Summit in Baghdad next month and providing procedures for the legislative elections. A statement received by Al-Zaman yesterday said, "The Council of Ministers, headed by Mohammed Shia Al-Sudani, voted on the requirements for holding the Arab Summit, which will be hosted by Baghdad next month, and on the requirements for holding the legislative elections. It also approved the recommendations of the technical committee for the map of Iraqi maritime fields."

The statement noted that "the Council approved proceeding with a rapid plan to invest in the Akkas gas field through national efforts by the Middle Oil Company, with the American company Schlumberger implementing the first phase, so that the field will produce 100 million standard cubic feet of gas per day within a year."

 It continued, "The Council voted to authorize the Undersecretary of the Ministry of Foreign Affairs for Bilateral Affairs to negotiate and sign a draft memorandum of understanding on mutual visa exemption for holders of diplomatic, service and special passports between the Ministries of Foreign Affairs of Iraq and Mauritania, provided that signing the memorandum does not entail a request for any additional financial allocations for the ministry.

It also stated that any amendment, annex or agreement resulting from the aforementioned memorandum shall be presented to the General Secretariat of the Council of Ministers for an opinion before signing it." In a related development, Iraq's representative to the United Nations in New York, Abbas Kazim Obaid, confirmed that UN Secretary-General António Guterres has accepted Iraq's official invitation to participate in the upcoming Arab Summit.

A statement received by Al-Zaman yesterday said that “Obeid met Guterres at the organization’s headquarters and presented the official letter addressed by the President of the Republic, Abdul Latif Jamal Rashid, to the Secretary-General, which includes his invitation to attend and participate in the upcoming Arab Summit scheduled to be held in Baghdad on May 17.”

Obeid conveyed “the greetings of the President of the Republic, the Prime Ministers, and the Minister of Foreign Affairs to the Secretary-General,” stressing “their keenness on his attendance, as his participation adds value to the summit’s discussions.”

The statement noted that “the most prominent issues on the United Nations agenda were discussed in light of regional and international geopolitical changes, in addition to the priorities and concerns of the Group of 77 and China, currently chaired by Iraq, especially in the areas of development financing, climate change, and sustainable development.”

Obeid stressed “the group’s keenness to strengthen the partnership with the United Nations and its specialized agencies, to achieve common goals in accordance with the principle of collective responsibility.”

He pointed out that “the meeting addressed prospects for cooperation between Iraq and the United Nations in the post-conflict phase of the United Nations Assistance Mission for Iraq (UNAMI), appreciating the efforts made by the mission over the past two decades.”

He went on to say, “The measures and the facilities provided by the relevant Iraqi government institutions to responsibly end the mission’s tasks by the end of this year).

For his part, Guterres expressed his appreciation for the invitation to attend the Arab Summit in Baghdad, affirming his participation in its work. He pointed out that the end of the UNAMI mission’s tasks is an indicator of the great progress and successes achieved by Iraq in various fields. The Council held a session on Tuesday in which it took a series of decisions (details p. 2).

Meanwhile, the Independent High Electoral Commission confirmed its readiness to hold the elections on the scheduled date. Commission spokeswoman Jumana al-Ghalay said in a statement received by Al-Zaman yesterday that “the Independent High Electoral Commission is ready to hold the elections on the scheduled date.”

A source in the Coordination Framework revealed the details of the meeting held last Monday between the coalition’s leaders, which discussed the upcoming parliamentary elections and political alliances.

The source said yesterday that “the meeting of the framework forces lasted for hours and focused on holding the elections on the scheduled date, but the State of Law Coalition, headed by Nouri al-Maliki, stuck to its demand to change the election law, and the framework forces were divided between supporters and opponents.” LINK

Private Banks Continue To Monopolize Foreign Remittances, Without Providing Any Tangible Banking Services!

Buratha News Agency1392025-04-09  Many economic experts believe that foreign and local banks with foreign management, such as the Jordanian-run National Bank of Iraq, monopolize bank transfers in Iraq and deprive local banks of these services, without providing any tangible banking services to Iraqis. The Iraqi banking system is collapsing because most Iraqi banks are subject to US sanctions.

This has prompted foreign and local banks with foreign management to monopolize bank transfers in Iraq and deprive local banks of these services, without providing any tangible banking services.

This was done with the approval of the Central Bank of Iraq, despite the fact that these banks, including the Jordan National Bank, lacked any competitive advantage. However, they were guaranteed by the Americans and had accounts opened for them at Citibank and JPMorgan Chase in the United States, solely because they were owned by foreign investors affiliated with banks in Jordan and the Gulf.

While the National Bank and other similar banks do not operate on the principle of providing distinguished banking services to Iraqis, they operate under the guarantee of foreign banks in their countries.

At the same time, these banks generate astronomical profits of up to 300 billion dinars annually, and profits could reach billions if sales are combined with side commissions.

As a result, many see a need to amend the Central Bank's policies, support the Iraqi banking system, strengthen its standards, and enhance its ability to process remittances and engage in banking operations.

In numbers, and compared to other countries in the region, it does not give more than 14 percent to foreign banks, while Iraq provides 100 percent to these banks. Contrary to the Companies Law, which sets the interest rate at 49 percent, the Central Bank relied on Article 107 of the Banking Law, which allowed the Central Bank's Board of Directors to give a percentage without specifying more or less. https://burathanews.com/arabic/economic/458627

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The Foreign Minister Stresses The Importance Of Strengthening Iraqi-American Economic Cooperation.

Foreign Minister Fuad Hussein. "Internet"  Money and Business  Economy News - Baghdad
Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein stressed on Wednesday the importance of strengthening economic cooperation between Iraq and the United States.

He noted that Iraqi diplomatic missions abroad are making every effort to support investors and provide the necessary facilities to overcome the challenges they face.

The Ministry of Foreign Affairs said in a statement, seen by Al-Eqtisad News, that "Deputy Prime Minister and Minister of Foreign Affairs, Fuad Hussein, participated in the interactive dialogue session held by the Iraq-US Business Council in the capital, Baghdad."

According to the statement, the Foreign Minister pointed to "the strength of trade relations between Iraq and the United States of America," stressing "the importance of strengthening economic cooperation between the two sides.

" Hussein stressed "the pivotal role played by the Iraq-US Business Council, as well as the institutional relationship with the American Chamber of Commerce."

The statement added that "the Foreign Minister highlighted the most prominent challenges facing the development of trade relations between the two countries, particularly with regard to the infrastructure for investment development in Iraq."

It continued, "The Minister listened to the interventions of the attendees on the most prominent challenges facing investors, especially Americans, and stressed the importance of joint cooperation to overcome obstacles."

The Minister indicated that "one effective way in this framework is to benefit from the efforts of Iraqi diplomatic missions abroad, which are making efforts to support and assist investors and provide the necessary facilities to overcome the challenges that hinder their work." https://economy-news.net/content.php?id=54288

Dollar In Iraq: 148,500 Dinars Per Note

economy | 09/04/2025  Mawazine News – Baghdad  The US dollar exchange rate witnessed a slight decline in the currency markets in the capital, Baghdad.

The dollar price decreased on the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 147,650 dinars for every $100, compared to yesterday's price of 147,800 dinars on Tuesday.

Exchange rates at money exchange shops in the local markets in Baghdad also witnessed a decline, with the selling price reaching 148,500 dinars for every $100, while the buying price reached 146,500 dinars.

https://www.mawazin.net/Details.aspx?jimare=260671

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

Seeds of Wisdom RV and Economic Updates Wednesday Evening 4-9-25

Good evening Dinar Recaps,

CHINA MOVES TO WIN TRADE WAR AS TRUMP ESCALATES, EXPERT WARNS

▪️China is throwing down the economic gauntlet as Trump’s 104% tariffs take effect, signaling a long-game trade war strategy fueled by yuan devaluation and relentless countermeasures.

▪️Trump Escalates, but China’s Playing for the Win—Expert Sees Warpath Ahead

China is sharpening its stance in the economic clash with the United States, issuing what financial leader Nigel Green has characterized as a deliberate and forceful message. On April 8, the CEO and founder of international financial advisory firm Devere Group warned that recent policy signals from Beijing point to a government readying itself for a long-term trade war.

Central to that message is China’s move to let the yuan depreciate, which Green described as a calculated maneuver. He stressed:

The weakening yuan is not simply market mechanics at work; it is Beijing putting Washington on notice that far more forceful actions are in reserve if escalation continues.

Facing heightened U.S.-China trade tensions, Beijing allowed the yuan’s reference rate to cross the symbolic 7.20 mark per dollar for the first time since September 2023, signaling a shift in foreign exchange policy.

The People’s Bank of China set the fixing at 7.2038 on April 8, leading to the onshore yuan’s decline, despite improving investor sentiment. Analysts interpret this as a move toward managed depreciation to support exports amid economic strain, though sharp devaluation remains risky due to capital flight and trade negotiation setbacks.

President Donald Trump escalated pressure with threats of 50% tariffs, prompting China to vow retaliation and impose rare earth controls. 

According to the White House press secretary, an additional 104% in tariffs took effect at noon Eastern time on April 8 due to China’s failure to lift its retaliatory measures. 

Green dismissed the idea that Beijing would fold under mounting pressure from Trump’s administration. Instead, he emphasized the Chinese government’s strategy of resilience and counter-planning.

“This is now a battle of endurance. Trump is ratcheting up the pressure, believing he can force concessions through intimidation.” He contrasted this with Beijing’s approach:

Beijing, however, is determined to show that it will not be cowed. Rather than rolling over, China is fortifying itself — insulating key industries, diversifying its supply chains, and preparing policy weapons for a prolonged standoff.

Behind the scenes, both governments are proceeding cautiously, but Green observed increasing confidence from China. He said the timing and nature of the yuan’s decline reflect Beijing’s serious stance, describing it as a calculated move rather than a short-term devaluation.

Green characterized it as a clear signal to the White House that further escalation will carry consequences. He added that the financial sector is already adapting, with China signaling its readiness to use significant economic tools if tensions continue.

“Trump’s White House should not mistake restraint for weakness. Beijing is showing strategic patience, but there’s real steel underneath. If Washington continues to escalate, China’s response will not be meek — it will be methodical, far-reaching, and designed to maximize impact where it hurts the most,” Green opined.

 He added that global markets are entering a phase where tactical actions, such as a weakening yuan, are not solely financial signals but part of broader geopolitical strategy.

The Devere executive advised investors to prepare for a long-term shift, emphasizing that China is planning for sustained change. He said structural changes in global trade could define the next decade. Green concluded with a stark forecast:

Beijing is setting the terms of engagement. Washington can choose to escalate, but it will not do so without facing increasingly sophisticated countermeasures. China is no longer trying to avoid a trade war at all costs — it is preparing to win one if forced into it

@ Newshounds News™
Source:  Bitcoin News

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CHINA AND RUSSIA BEGIN SETTLING TRADE TRANSACTIONS USING BITCOIN

According to a VanEck report, China and Russia have begun settling some trade transactions using Bitcoin. VanEck’s Head of Digital Assets Research, Matthew Sigel, reports that the two BRICS nations have already begun settling some energy transactions in Bitcoin and other digital assets. This comes as the Trump administration’s tariff policy has reignited global trade tensions.

China and Russia have already worked on trade deals with one another without the US dollar. Now however, with economic concerns spreading worldwide, the two countries have attempted to ditch fiat altogether. 

Sigel also shared that Bolivia has announced plans to import electricity using crypto. French energy utility EDF is also exploring whether it can mine Bitcoin with surplus electricity currently exported to Germany. 

“These are early signs that Bitcoin is evolving from a speculative asset into a functional monetary tool—particularly in economies looking to bypass the dollar and reduce exposure to U.S.-led financial systems,” Sigel said.

Investing experts are looking to assets like cryptocurrency and precious metals in a time of economic instability. In recent months, the US dollar has fallen approximately 6.1% since the month of January.

Foreign holdings of US assets had previously reached around $62 trillion in 2024, but these flows are now actively reversing as investors look for and seek out alternatives in various markets. Thus, Gold and cryptocurrencies could become a worthy replacement for trade.

Another VanEck analyst, Imaru Casanova, feels that Gold could ultimately be a top asset in an economic recession. “Gold and gold stocks should ultimately benefit from the heightened level of risk across the global economy and global financial system,” she says.

 “The unpredictability of economic policies and heightened market volatility should boost gold’s appeal as the preferred safe-haven asset during times of global uncertainty.”

With one half of the new deal in Bitcoin, Russia, did not get tariffs imposed on it by the US, the other half, China, did. As a result, the latter has ordered all state-run banks in the country to reduce purchasing the US dollar in its reserves.

@ Newshounds News™
Source:  Watcher Guru

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China is Dedollarizing, China Launches $1.2 Trillion Digital Yuan System, Bypasses Western SWIFT

China is Dedollarizing, China Launches $1.2 Trillion Digital Yuan System, Bypasses Western SWIFT

Lena Petrova:  4-8-2025

Recent developments suggest China is making a concerted effort to lessen its reliance on the US dollar, and a key piece of this strategy is the rollout of its digital Yuan system.

With a reported $1.2 trillion investment, this sophisticated platform aims to offer an alternative to the Western-dominated SWIFT financial messaging system, potentially reshaping the global financial landscape.

For years, the dominance of the US dollar in international trade and finance has been a subject of debate. China, the world’s second-largest economy, has long expressed concerns about the potential vulnerabilities and geopolitical leverage that such a system affords the United States.

The digital Yuan represents a significant step towards creating a parallel financial infrastructure that could, over time, challenge the dollar’s hegemony.

The digital Yuan, or e-CNY, is a central bank digital currency (CBDC) issued and controlled by the People’s Bank of China (PBOC). Unlike cryptocurrencies like Bitcoin, which are decentralized, the e-CNY operates under a centralized authority, allowing the PBOC to maintain strict control over its issuance and circulation.

China’s launch of its digital Yuan system marks a significant step towards de-dollarization and a potential reshaping of the global financial order. While the dollar’s dominance remains firmly entrenched, the e-CNY offers a glimpse into a future where alternative financial systems compete for prominence.

The success of this endeavor will depend on a complex interplay of economic, political, and technological factors, and its impact will be felt across the world. As the digital Yuan evolves and its adoption spreads, the global financial landscape will undoubtedly be transformed.

Watch the video below from Lena Petrova for further insights and information.

https://youtu.be/KX_Id7J2Ee0

Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 4-9-25

Good Afternoon Dinar Recaps,

DRAMATIC SELL-OFF OF US GOVERNMENT BONDS AS TARIFF WAR PANIC DEEPENS

US government bonds, traditionally seen as one of the world’s safest financial assets, are suffering a dramatic sell-off as Donald Trump’s escalation of his tariff war with China sends panic through all sectors of the financial markets.

The falls suggest that as Trump’s fresh wave of tariffs on dozens of economies came into force, including 104% levies against Chinese goods, investors are beginning to lose confidence in the US as a cornerstone of the global economy.

UK bonds also came under pressure from investors, who sent the cost of financing government borrowing to its highest level since 1998, heaping further pain on Rachel Reeves as the chancellor struggles to prevent her budget plans from being wrecked by a panic on global markets.

The yield – or interest rate – on the benchmark 10-year US Treasury bond rose to 4.516% on Wednesday before slipping back to 4.451%, up 0.14 percentage points on the day. This week it has undergone the three biggest intraday moves since Trump was elected in November. Yields move inversely to prices, so surging yields mean falling prices as demand drops.

The move in the 30-year bond was more dramatic. The yield briefly jumped above 5% to its highest since late 2023 and was last trading at 4.899%, or 0.12 percentage points higher than Tuesday.

Both yields came down from their highest levels, however, after a much-anticipated $39bn (£31bn) US bond auction later in the day met market expectations.

“This is a fire sale of Treasuries,” said Calvin Yeoh, a portfolio manager at the hedge fund Blue Edge Advisors. “I haven’t seen moves or volatility of this size since the chaos of the pandemic in 2020,” he told Bloomberg.

Analysts believe the US Federal Reserve may need to step in. Jim Reid, at Deutsche Bank, said: “Markets are pricing a growing probability of an emergency [interest rate] cut, just as we saw during the Covid turmoil and the height of the GFC [global financial crisis] in 2008.”

UK bonds came under severe pressure after the US moves. The yield on a 30-year UK gilt hit 5.65%, surpassing a previous 27-year high of 5.472% set in January.

Shorter-dated 10-year gilt yields were slightly higher at 4.78%, while two-year yields ticked down to 4%.

Higher yields on gilts – UK government bonds – will make things even more difficult for Downing Street, as it will raise the cost of borrowing to fund investment.

China’s intransigence in the face of escalating US tariffs appeared to indicate that the world’s two largest economies were heading for a showdown, with an outcome that analysts said was difficult to predict.

“When challenged, we will never back down,” said China’s foreign ministry spokesperson, Lin Jian. The commerce ministry said: “China will fight to the end if the US side is bent on going down the wrong path.” Beijing has promised further countermeasures.

It was not clear whether China, which is one of the world’s largest holders of Treasuries, included among its policy changes the sale of those bonds, accelerating the sell-off and the US administration’s financial pain.

Global stock markets suffered another tumultuous day as the tariffs took effect.

Japan’s Nikkei benchmark index fell almost 4%, while Taiwan’s benchmark stock index was 5.8% lower. Hong Kong’s Hang Seng index recouped some earlier falls to close 0.4% down, and South Korea’s Kospi 200 index dropped by 1.8%.

However, China’s stock markets rose, appearing to weather the storm after government interventions. The SSE composite index in Shanghai ended the day 1.1% higher, while the Shenzhen SE composite rose 2.2%.

In Europe, the major markets also fell back. In London, the FTSE 100 dropped by 3% on Wednesday, immediately undoing the gains on Tuesday. Germany’s Dax index dropped by about 2.3%, leading to a 16% drop since 18 March, while France’s Cac 40 fell by 3.3%. Spain’s Ibex index was down by 2.2%.

@ Newshounds News™
Source:  MSN

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TRUMP'S 90-DAY TARIFF PAUSE SENDS BITCOIN BACK TO $81,000

▪️President Donald Trump has paused tariffs for 90 days and lowered reciprocal duties to 10% for most countries.

▪️Markets immediately bounced on the news — bitcoin reclaimed $81,000 while equities trotted higher.
▪️Analysts had said Wednesday’s FOMC minutes may spur a “dead cat bounce” and herald a potential multi-week recovery.

The tit-for-tat trade escalation between China and the United States once again reverberated throughout global financial markets and cryptocurrencies on Wednesday — but prices surged this time.

Bitcoin jumped 5% in minutes to trade above $81,000 as President Trump responded to China's escalation by increasing tariffs on the Asian giant to 125%. The largest cryptocurrency by market cap had dropped below the $80,000 mark following the implementation of the president's tariff plans on Sunday, April 6.

In the same beat, Trump announced a 90-day pause for import duties on other countries and reduced reciprocal tariffs to 10% in the interim. "Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately," Trump wrote on Truth Social, a social media platform he owns.

"I have authorized a 90-day PAUSE and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately," the President added, noting that over 75 countries had engaged the U.S. in commerce negotiations.

Crypto markets and equities immediately skyrocketed following the news. Ether flew 7% to hit $1,580, according to The Block's price page. Major altcoins like Solana and XRP posted double-digit bounces as the total cryptocurrency market flipped green, rising above $2.6 trillion. The GMCI 30 recorded an 8% uptick as the top 30 digital currencies by market cap soared, according to The Block’s data page. Data from Yahoo Finance showed similar price action in U.S. markets. The S&P 500, DOW Jones, Nasdaq, and Russell 2000 all rose more than 5% shortly after President Trump's post.

Dr Kirill Kretov, senior automation expert at CoinPanel, told The Block that bitcoin and crypto’s amped volatility was unsurprising, considering sudden price swings in more established markets. "Even traditional markets are behaving like memecoins," Kretov said. "Just look at the recent S&P 500 spike of +8% on fake news, followed by a -3.5% correction within minutes. If that’s the new normal for tradfi, why would we expect bitcoin to behave differently? Especially with how thin and easily moved the crypto market is right now."

Relief from macro data

Minutes from the March Federal Open Market Committee meeting to be released Wednesday afternoon may spark a market recovery, Darren Chu, contributing analyst at BRN, had said before Trump's latest jab at China. Also, Thursday’s Consumer Price Index and Friday’s Produce Price Index data could offer a clearer picture of U.S. inflation, which are key factors for the Federal Reserve’s future decisions on monetary policy.

"Odds are moderate and rising for a multi-day to multi-week Dead Cat Bounce to begin as early as today 2 pm EST with the release of the US FOMC meeting minutes, or by Thursday with the US CPI and unemployment claims, or Friday with the US PPI and preliminary UoM consumer sentiment and inflation expectations," Chu said.

U.S. Federal Reserve Chairman Jerome Powell previously said the central bank would respond to hard data rather than sentiment and was in no rush to pivot its policy stance. Powell also cautioned President Trump’s tariff maneuvers, warning that economic repercussions like higher inflation and cooling growth rates might arise.

@ Newshounds News™
Source:  The Block

Minutes from the March Federal Open Market Committee meeting LINK

~~~~~~~~~

Stock Market surges with the announcement of a 90-day pause on tariffs.

@ Newshounds News™
Source - Google

~~~~~~~~~

Crypto market surges on Trump tariff pause

XRP jumped from $1.87 at 1:15 pm to $2.08 at 1:35 pm ET with the announcement of the 90 day pause on tariffs.

@ Newshounds News™
Source:  Coinbase

~~~~~~~~~

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Iraq Economic News and Points to Ponder Wednesday AM 4-9-25

Al-Alaq: Digital Currencies Will Contribute To Reshaping The Traditional Banking System.

Time: 2025/04/07 13:22:22 Read: 1,740 times  {Economic: Al Furat News} Central Bank Governor Ali Al-Alaq confirmed on Monday that  digital currencies will contribute to reshaping the traditional banking system.   In a speech at the Iraqi Banking Sector Reform Conference, Al-Alaq said,
 
"The Central Bank aims to achieve a developed economy," stressing that "investment in research and development in the field of artificial intelligence must be increased." He added that "digital currencies could reshape the traditional banking system," noting that "the Central Bank has announced its readiness to implement a plan to reform the banking sector."       https://alforatnews.iq/news/العلاق-العملات-الرقمية-ستسهم-في-إعادة-تشكيل-النظام-المصرفي-التقليدي  

Digital Currencies To Reshape Iraq’s Banking Sector 

Iraq  Amr Salem  April 8, 2025  283  2 min  The Central Bank of Iraq. Photo: INA  Baghdad (IraqiNews.com) – The governor of the Central Bank of Iraq (CBI), Ali Al-Alaq, said on Monday that digital currencies will help transform Iraq’s conventional banking system.
 
Al-Alaq clarified during the Conference on Reforming the Iraqi Banking Sector that the
 
CBI wants to establish an advanced economy and emphasized the need for more funding for artificial intelligence research and development.
 
Al-Alaq explained that digital currencies have the potential to transform the conventional banking system, noting that the CBI has declared its willingness to carry out a plan for banking sector reform, the Iraqi News Agency (INA) reported.
 
In collaboration with the international consulting company Oliver Wyman, the CBI announced an extensive reform strategy designed to make the country’s private banking industry a robust, innovative, and expansion-oriented system.
 
Al-Alaq revealed in late February that the CBI is planning to create a digital currency to replace paper notes in transactions with central banks.
 
The Iraqi official added that fundamental changes will take place in the banking and financial systems,
including the limited use of paper notes, as they will be replaced by digital currencies in transactions between central banks.     https://www.iraqinews.com/iraq/digital-currencies-to-reshape-iraqs-banking-sector/

Parliamentary Finance Committee: Rebuilding Confidence In The Banking System Requires Developing The Infrastructure And Enhancing Its Cybersecurity.
 
Monday, April 7, 2025 14:01 | Economic     Number of readings: 495  Baghdad / NINA / The Parliamentary Finance Committee affirmed that the launch of the banking sector development project represents a
 
     starting point for comprehensive reform of the financial and monetary systems,
     paving the way for achieving sustainable development and the desired economic reform.

During his participation in the Banking Sector Development Conference, which kicked off today, Monday, in the capital, Baghdad, in cooperation with Oliver Wyman, the head of the committee, 
MP Atwan Al-Atwani, pointed out the parliament's keenness to support the efforts of the Central Bank in promoting the concepts of
 
     sustainable financing,      encouraging public and private banks to finance economic activities and development projects, and     diversifying sources of income, which would contribute to
          reducing the financial deficit in public budgets.  

He added:  "The banking sector is not just a financial instrument, but rather
the cornerstone for driving the national economy and combating corruption," indicating that
 
"developing this sector is 
     the cornerstone of the economic reform project and
     a pivotal step in moving towards a diversified economy,
     away from excessive reliance on oil revenues."  

He continued,  "Introducing modern banking systems into the Tax and Customs Administration will contribute to 
     improving financial transaction tracking mechanisms,
     enhance revenue collection efficiency, and
     limit tax evasion, in addition to    closing unofficial outlets that drain the state's resources and weaken its ability to invest and provide services."

Al-Atwani also emphasized that 
"rebuilding confidence in the banking system and
expanding the scope of digital transactions, both domestically and internationally,
requires developing the banking sector's infrastructure and enhancing its cybersecurity.
 
Furthermore, the reform process requires
     establishing genuine partnerships with international banks and institutions, and
     regulating foreign transfers to ensure compliance with international standards."
 
He called for the formulation of a clear understanding with the World Bank and the US Treasury, establishing the principle that the Central Bank of Iraq is the body authorized to evaluate banks' performance, ensure their compliance, and punish violators, to avoid any sudden decisions that negatively impact the banking sector.

He emphasized the need for a comprehensive reform revolution, starting with the banking sector, stressing:
 
"This requires genuine political will, institutional cooperation, and a strategic vision that goes beyond temporary solutions."
 
He also called for collective responsibility for reforming the banking sector, as it is a national priority that    affects national security and financial stability,   directly impacts citizens' livelihoods,
     achieves social justice, and     ensures the future of future generations.  /End 5         
https://ninanews.com/Website/News/Details?key=1196152  

Parliamentary Finance Committee: Developing The Banking Sector Is A Fundamental Pillar For Achieving Comprehensive Economic Reform
 
Economy     Yesterday, 1:56 PM  Baghdad – INA  The Finance Committee of the House of Representatives affirmed, on Monday, the Central Bank’s management’s support    for enhancing sustainable financing, while noting that   developing the banking sector is a fundamental pillar for achieving comprehensive economic reform.
 
Committee Chairman Atwan Al-Atwani said in a speech during the Iraqi Banking Sector Reform Conference, which was followed by the Iraqi News Agency (INA):
 
"The banking sector reform project represents the   starting point for developing the financial and monetary system based on solid scientific foundations, and the     starting point for comprehensive economic reform and achieving sustainable development." 

 He added,  "The Finance Committee of the Iraqi Council of Representatives is keen to support the management of the Central Bank of Iraq in its efforts to   enhance sustainable   financing , encourage    government and private banks to finance economic activities and development projects, and  diversify revenue sources, thus contributing to covering the financial deficit in public budgets.
 
This is especially true since the banking sector is not just a financial system, but rather the backbone of stimulating the economy and combating corruption." 

He explained that "developing the banking sector is a fundamental pillar for achieving comprehensive economic reform and a major turning point toward a diversified economy, away from oil rents."  He continued,
 
"In light of the trend toward maximizing non-oil revenues, the introduction of modern banking systems into tax and customs operations provides a clear path for tracking financial transactions and collecting revenue more efficiently.
 
It also contributes to reducing tax evasion and closing informal outlets that drain the state's resources and weaken its ability to invest and provide services." 

He explained that  "restoring confidence in our banking system and expanding digital financial transactions requires developing the infrastructure for this sector and providing cybersecurity for these transactions." He emphasized,
 
"The process of reforming and developing the banking sector must be accompanied by a movement to establish genuine partnerships with international correspondent institutions and banks to  regulate foreign remittances,   ensuring  compliance with international standards and the  controls of relevant financial institutions.
 
This must also include establishing a clear understanding with the World Bank and the US Treasury, emphasizing that the Central Bank of Iraq is responsible for evaluating the performance and compliance of private government banks and punishing violators.
 
This will help avoid any improvised decisions or sudden external sanctions that could put our banks at risk and disrupt their operations." He added, "We need a reform revolution in all sectors, especially the banking sector.
 
This requires genuine will, collective action, and effective partnerships.
 
Most importantly, we need a clear vision that goes beyond temporary solutions to create modern financial institutions capable of confronting economic challenges and crises, providing all necessary facilities to serve citizens and keep pace with modern requirements."

He pointed out that "reforming the banking sector   is a shared responsibility and   must be a priority for both the legislative and executive authorities,
 
given its direct impact on driving all productive sectors, achieving national security and financial stability, and consequently improving people's livelihoods, promoting social justice, and securing the future of future generations."    https://www.ina.iq/231534--.html   

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

Seeds of Wisdom RV and Economic Updates Wednesday Morning 4-9-25

Good Morning Dinar Recaps,

NEW YORK BILL PROPOSES USING BLOCKCHAIN TO SAFEGUARD ELECTION RESULTS

Assemblyman Clyde Vanel’s new proposal would evaluate how blockchain can secure voter records and election results.

Blockchain may soon be part of New York’s strategy to secure the democratic process.

That's the hope of Clyde Vanel (D-33), who filed Assembly Bill A7716 on Tuesday, proposing that the New York State Board of Elections study how blockchain technology could be used to protect voter records and election results.

The bill, currently in the Assembly Election Law Committee, calls for a comprehensive report within one year, examining blockchain’s potential as a tool for election integrity.

The legislation defines blockchain as a decentralized, cryptographically secured, immutable, and auditable ledger capable of delivering an “uncensored truth.”

It mandates that the Board of Elections collaborate with the Office of Information Technology Services and engage experts in blockchain, cybersecurity, voter fraud, and election systems.

The final report must also consider blockchain implementations in other states and jurisdictions.

If the bill advances, it would need to pass through the full Assembly, undergo the same process in the Senate, and then be signed into law by the governor.

For now, it remains under committee review, pending discussion or amendment. Yet, should the bill be enacted, the state board would be legally obligated to deliver its findings within 12 months.

This is not Vanel’s first push for such legislation. Versions of the bill have appeared in legislative sessions since 2017, though none have made it to the Governor’s desk.

This year’s version, however, arrives amid growing nationwide interest in exploring blockchain's role in public infrastructure, even as other states pursue very different use cases, such as crypto investment and regulatory reform.

Last month, Utah lawmakers approved HB230, a blockchain-friendly bill that protects crypto activities and infrastructure, but stripped language that would’ve allowed the state to invest in Bitcoin directly.

HB230 prohibits state and local governments from restricting individuals' and businesses' ability to accept digital assets as payment, use self-hosted or hardware wallets, and participate in blockchain activities such as operating nodes, developing software, transferring assets, and staking.

Meanwhile, the Bitcoin investment strategy gained momentum following President Trump’s March executive order to establish a Strategic Bitcoin Reserve at the federal level.

As of now, 47 Bitcoin reserve bills have been introduced in 26 states, with 41 still live, per reserve tracker Bitcoin Law data.

@ Newshounds News™
Source:  Decrypt

~~~~~~~~~

WILL PAUL ATKINS LEAD THE SEC? SENATE TO DECIDE

The U.S. Senate will vote at 11:30 AM tomorrow to decide whether to move forward with the nomination of Paul Atkins as SEC Chair. If the cloture vote passes, a final confirmation could happen as early as 7:00 PM the same day.

Atkins has been nominated to serve as a Member of the Securities and Exchange Commission for the rest of the current term, which ends on June 5, 2026. The outcome could shape the SEC’s direction moving forward.

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

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“Tidbits From TNT” Tuesday Morning 4-9-2025

TNT:

Tishwash:  Tomorrow... Iraqi and American Chambers of Commerce Sign Contract to Regulate Private Sector Operations

The head of the Federation of Iraqi Chambers of Commerce, Abdul Razzaq al-Zuhairi, announced today, Tuesday, the signing of an agreement with the American Chambers of Commerce to regulate the private sector tomorrow, Wednesday. He explained that the government has included regulating the private sector in its program.

In a statement to Al-Iraqiya News Agency, followed by the Iraqi News Agency (INA), al-Zuhairi said, "Tomorrow will witness the signing of an agreement with the American Chambers of Commerce to regulate the private sector."

He explained that "American companies are distinguished by greater flexibility and capabilities, and they have extensive experience working with countries around the world. In addition, Americans have everything they need to work in Iraq, especially in the field of industry."

He pointed out that "the banking base in Iraq has become large and global, and it is possible for us to work within it." He explained that "the agreement signed yesterday, in addition to the agreement to be signed tomorrow, includes regulating work in the Iraqi and American private sectors." He emphasized that "the government has included in its program the regulation of the private sector and supports many areas, especially loans and the purchase of machinery and equipment," noting that "despite the difficult circumstances we faced, the results were positive on the ground."

Al-Zuhairi also referred to "addressing taxes, customs, the companies law, and the agency law," indicating that "there is a package that the government sent to Parliament for a vote, which is the most important package."

He explained that "the work of the private sector requires continuous updating, as there are new systems, laws, and new programs that change from time to time. Land acquisition was previously under the agrarian reform law, as was the energy issue, and many other issues have been finalized."

He explained that "what the government has done over the past period has been exceptional," expressing his hope that "support for the private sector will continue in order to attract the largest number of international companies and employ the workforce."  link

************

Tishwash:  US Energy Secretary: I will visit the Middle East this week to promote investment in the United States.

 US Energy Secretary Chris Wright will begin a two-week tour of three Middle Eastern countries, including Saudi Arabia, on Wednesday, a source familiar with the matter told Reuters.

This trip, which will also include Qatar and the United Arab Emirates, is expected to pave the way for President Donald Trump's visit to those countries, likely in mid-May.

"I will be visiting the Middle East this week to promote investment in America," Wright wrote on his personal X account on Tuesday.

Looking forward to visiting the Middle East this week and promoting investment in America! https://t.co/qbj0ghIeoj

— Secretary Chris Wright (@SecretaryWright) April 8, 2025

 A source at the Ministry of Energy said that Wright will begin his trip in the United Arab Emirates, followed by Saudi Arabia over the weekend, and then Qatar, and will also meet with leaders of several countries. The source added that Wright will likely hold talks on ensuring abundant global oil supplies outside of countries whose oil exports are subject to US sanctions, including Iran, Venezuela, and Russia.

Discussions will also focus on the three countries' investments in the United States, after the UAE last month committed to a $1.4 trillion, 10-year investment framework in artificial intelligence, semiconductor, energy, and manufacturing infrastructure.

The source said that Wright will visit oil and gas production sites in the Middle East, looking for ways to reduce costs. He added that he will also visit a nuclear power plant in the UAE.  link

***********

Tishwash:  How Iraq is Modernising and Diversifying its Growing Economy

How Iraq is Modernising and Diversifying its Growing Economy

For the last three years Iraq has enjoyed relative stability, good oil prices and a growing economy. For those who invested in the Iraqi stock market, returns of over 100% are common and GDP in 2025 is estimated to be up to 5%.

Oil and Gas sales has driven this expansion, but other factors such as sovereign wealth funds are now encouraged by the GOI's stability to invest, such as the Saudis with their Public investment fund, the Qataris ( both government and private sector, and the Gulf states, have driven around $3.5bn investment into infrastructure, housing and the development road initiative, in addition to Iraqis investing in consumer real estate such as cafes and housing  all feeding off economic and political confidence. The government has also pledged up to $400bn of investment into development, infrastructure and the Al Fawr port complex and the new $15bn trade deal with UK for cyber, telco and defence support.

At IBBCs Baghdad conference in February, over 350 business delegates flocked to hear the leading minsters or oil, communications, foreign affairs and key advisors to the Prime Minister, expand on opportunities in Iraq, where the atmosphere was palpably enthusiastic to participate in the new Iraq economy.

Beyond Infrastructure we also see expansion in Schooling and Universities, in more diverse services such as travel, tech and professional services like law and banking. Collaboration with international companies and countries is key to Iraq's evolution, as new skills and technologies are coming into the country, driven by international confidence in Iraq. Iraq needs a more skilled workforce to enable engineering and business expansion, and companies like Unihouse and Mselect are supporting these skills.

Indeed, IBBCs membership mix reflects this diversification, modernisation and internationalisation of the economy: private schools, training and skills companies, tech and media companies, high end added value design, and the establishment of Agritech and marine sector companies bringing expertise into the country like DPD, AL Zaman Group(Marine Shipbuilding company Uk Ltd ) Gold Sponsors, and CJ-ICM.

At our Spring Conference at the Mansion House on June 3rd we will showcase the leaders in these new sectors and explain why they are now investing and establishing in Iraq.

You will also meet the best of British expertise, through the sagacity of Lord Howell on energy, Lord Green on banking, Professor Frank Gunter with his report on Iraq Entrepreneurs, and from Iraq the minister of Transport, who will outline the significant infrastructure opportunities, as well as other Iraqi officials soon to be confirmed. Underpinning UK investment the UKEF CEO, Tim Reid, will present how companies can access the £billions in UK trade guarantees, Jon Wilks CMG ( former Ambassador) will articulate his much anticipated geo political insights and dynamics especially with an election looming and developments in Syria, Iran and the Middle East

The IFC on investment initiatives led by Hogan Lovells (Gold sponsor) and with TBI (Gold Sponsor), and key IBBC companies in energy, finance , maritime, agritech, tech and education will be evident on stage.

For those wanting more interactive discussion there are roundtables on Entrepreneurship, Growth, Transport (with Sardar, Gold Sponsors), Education and a special Tourism and heritage panel and exhibition. On 2nd June will be a special networking reception at the Mansion house for delegates, and the Tech forum online - covering how AI and Tech support the services sector- including its use in education, investment and Pharma.

To view the latest speaker, line up and to register, please go to this link on IBBCs website.

While the worlds stock markets are in turmoil, for once, Iraq presents a beacon of economic and social stability as it takes the long march towards modernity and diversification of its economy. Come and hear how this is happening and meet the people who are making it happen. Register here for the IBBC Mansion House conference.

Gold sponsors include: Trade bank of Iraq, Sardar Group and Al Zaman Group (Marine Shipbuilding company Uk Ltd), Hogan Lovells International LLP  link

************

Mot:  The Only Way to Get Through is to Laugh ~~~~~~Pickles:

Mot:  When I Was a ""Wee Lad"" ---- f

Iraq Economic News and Points to Ponder Tuesday Evening 4-8-25

Iraq Exports 5 Million Barrels Of Oil To The US In A Month

Energy   Economy News – Baghdad  The U.S. Energy Information Administration announced on Tuesday that Iraq's oil exports to the United States exceeded 5 million barrels during March.

The administration stated in a table seen by Al-Eqtisad News that "Iraq exported 5.487 million barrels of crude oil to the United States during the month of March, an increase from 4.900 million barrels in February."

She added, "Iraq exported an average of 170,000 barrels per day of crude oil to the United States during the first week of March, an average of 202,000 barrels per day in the second week, an average of 203,000 barrels per day in the third week, and an average of 132,000 barrels per day in the third week."

The US Energy Information Administration stated that "Iraq ranked seventh in its exports to the US last month, after Canada, which ranked first as the largest oil exporter to the US, followed by Mexico, Saudi Arabia, Brazil, Venezuela, and Colombia."

The administration noted that "Iraq came in second place among Arab countries exporting the most oil to America, after Saudi Arabia, which came in first with exports of 6.696 million barrels, and Libya came in third with exports of 1.829 million barrels."  https://economy-news.net/content.php?id=54227

A New Rise In The Dollar Exchange Rate Against The Dinar In Baghdad

Stock Exchange   Economy News – Baghdad  The dollar exchange rate rose against the dinar on Tuesday in Baghdad markets. The dollar exchange rate rose on the Al-Kifah and Al-Harithiya stock exchanges, reaching 147,800 dinars per $100, compared to 147,750 dinars per $100 yesterday, Monday.

Selling prices at exchange offices in Baghdad's local markets remained stable, with the selling price reaching 148,750 dinars per $100, and the buying price reaching 146,750 dinars per $100. https://economy-news.net/content.php?id=54218

A US Bank Announces Its Readiness To Expand The Number Of Correspondent Accounts Opened For Iraqi Banks
Economy  | 04/08/2025  Mawazine News – Baghdad  US bank JPMorgan Chase expressed its willingness to expand the number of correspondent accounts opened for Iraqi banks on Tuesday.

A statement from the office of Prime Minister Mohammed Shia al-Sudani received by Mawazine News stated that "Al-Sudani received a delegation from JPMorgan Chase headed by the bank's Deputy Director, Daniel Zelikow, on the sidelines of the Iraqi Banking Sector Reform Conference held in Baghdad."

He added that "the meeting discussed enhancing cooperation in the financial and banking fields, and the bank's participation in financing various investment projects, in addition to examining mechanisms for securing credits and financial transfers and ensuring their delivery to their beneficiaries in Europe and the United States, which will contribute to improving services provided to Iraqi traders and importers."

He stressed "the importance of expanding the areas of partnership between Iraqi banks and JPMorgan Chase, noting the government's readiness to provide all forms of support to strengthen this relationship."

For its part, the JPMorgan Chase delegation expressed its willingness to increase cooperation with Iraq by expanding the number of correspondent accounts opened for Iraqi banks, and their willingness to finance a number of investment projects directly or through partner financial institutions. https://www.mawazin.net/Details.aspx?jimare=260645

Al-Sudani Discusses With JP Morgan Mechanisms To Secure Financial Transfers And Their Access To Europe And America

Banks  Economy News – Baghdad  Prime Minister Mohammed Shia al-Sudani discussed today, Tuesday, with a delegation from JPMorgan Chase, headed by the bank's Deputy General Manager, Daniel Zeljko, enhancing cooperation in the financial and banking sectors.

The Prime Minister's Media Office stated in a statement received by Al-Eqtisad News that "Al-Sudani met with a delegation from JPMorgan Chase, headed by the bank's Deputy Director, Daniel Zelikow, on the sidelines of the Iraqi Banking Sector Reform Conference held in Baghdad."

During the meeting, the two sides discussed enhancing cooperation in the financial and banking fields, including the bank's participation in financing various investment projects.

They also discussed mechanisms for securing credits and financial transfers and ensuring their delivery to those entitled to them in Europe and the United States, which will contribute to improving services provided to Iraqi traders and importers.

Al-Sudani stressed the importance of expanding partnerships between Iraqi banks and JP Morgan, noting the government's readiness to provide all forms of support to strengthen this relationship.

For its part, the JP Morgan delegation expressed its "willingness to increase cooperation with Iraq by expanding the number of correspondent accounts opened for Iraqi banks, and its willingness to finance a number of investment projects directly or through partner financial institutions." https://economy-news.net/content.php?id=54229

The Government Rules Out Any Impact On Iraq From The Global Drop In Oil Prices

economy | 08/04/2025   Mawazine News – Baghdad  The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Tuesday that Iraq's federal budget for the years "2023-2025" has taken into account fluctuations in the oil market, and that the decline in global oil prices will not affect the country's internal situation.

Mazhar said in a statement to the Center for Strategic Studies and Trade Policy at the Ministry of Trade that "there are indications that the world is entering a cycle of declining oil prices that will not cause any repercussions on the country's internal situation."

He pointed out that "these indicators are due to the decline in the intensity of the Russian-Ukrainian conflict and Iran's openness to negotiations with the United States on the one hand, and the escalation of the US-led trade war by imposing customs duties on various markets despite the exclusion of oil and gas on the other hand, which has negatively impacted oil contracts and markets."

He pointed out that "what is happening on the global scene is a temporary crisis that will stabilize in the coming period within the logic of global economic balances."

He explained that "the clash between the climate of geopolitical détente and the escalating trade war could lead to a global economic shock that reduces demand for energy, especially with the 1% decline in global growth rates and the 0.5% decline in crude oil demand in global markets."

He indicated that the oil market is now threatened by a glut that could weaken prices in the coming decades with the return of OPEC+ production to normal. 

Saleh emphasized "the importance of reconciling the oil conflict between China and the United States, as the former is one of the largest importers of oil, and the latter is one of the largest producers, which makes oil price stability a vital issue for both parties."  https://www.mawazin.net/Details.aspx?jimare=260647

US Trade Delegation: Iraq Represents A Promising Investment Market

Political | 08:20 - 08/04/2025  Mawazine News – Baghdad  The head of the visiting US trade delegation to Iraq, Steve Lutes, affirmed on Tuesday that Iraq represents a promising market for investment, and that American companies are looking forward to cooperation opportunities in various sectors, with a focus on creating job opportunities for Iraqi youth and contributing to the development of infrastructure and vital services.

The media office of the Speaker of Parliament said in a statement received by Mawazine News: "The Speaker of the Iraqi Parliament, Mahmoud Al-Mashhadani, received at the Presidential Palace in Baghdad the Chargé d'Affaires of the US Embassy to Iraq, Daniel Rubinstein, accompanied by a large economic delegation from the American Chamber of Commerce, including representatives of 57 American companies, headed by Steve Lutes, and a number of company presidents and investors, within the framework of the American Chamber of Commerce Economic Conference held in Iraq."

The statement added that "at the beginning of the meeting, Al-Mashhadani welcomed the American delegation," stressing that "Iraq welcomes all initiatives that contribute to developing its economy and strengthening its international partnerships, especially with the United States of America, which represents one of the most important strategic partners in various fields."

The Speaker of Parliament stressed, according to the statement, "the critical importance of investment in Iraq, especially in vital and strategic sectors such as oil and electricity, which represent the backbone of the Iraqi economy."

He emphasized "the need to stimulate investment in the agricultural and industrial sectors, in addition to service sectors that are relevant to the lives of Iraqi citizens, such as the environment, education, and health."

Al-Mashhadani explained that "the Iraqi Parliament has enacted an investment law that provides a safe and stimulating legal environment for investment, protects the rights of investors, and encourages transparency and equal opportunities."

He pointed out that "Parliament, as the 'house of the people,' ensures a decent and safe life for citizens and works closely with the government through effective coordination mechanisms to support development projects and facilitate the entry of investments."

Al-Mashhadani stressed, according to the statement, that "the Iraqi Parliament strongly supports the signing of bilateral agreements with friendly countries, as this contributes to stimulating economic activity, attracting more foreign investment, and creating new job opportunities that contribute to reducing unemployment and enhancing economic stability."

The statement continued, "Daniel Rubinstein, Chargé d'Affaires at the US Embassy in Baghdad, expressed his happiness with this meeting, stressing his country's commitment to supporting Iraq in its path towards economic development and stability, and strengthening the partnership between the American and Iraqi private sectors."

For his part, the head of the US trade delegation, Steve Lutes, stressed that "Iraq represents a promising market for investment, and that American companies are looking forward to cooperation opportunities in various sectors, with a focus on creating job opportunities for Iraqi youth and contributing to the development of infrastructure and vital services."

The statement concluded that "the meeting comes within the framework of the Iraqi state's efforts to support economic openness and expand its investment relations with international partners, in a way that enhances sustainable development and provides a stable and attractive environment for investment in various sectors."   https://www.mawazin.net/Details.aspx?jimare=260650

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

Seeds of Wisdom RV and Economic Updates Tuesday Evening 4-8-25

Good Evening Dinar Recaps,

XRP NEWS: RIPPLE SET TO BUY HIDDEN ROAD FOR $1.25B IN STRATEGIC DEAL

▪️Ripple acquires Hidden Road for $1.25B, becoming the first crypto firm to own a global multi-asset prime broker.

▪️The acquisition will see Ripple's stablecoin RLUSD used as collateral and Hidden Road's post-trade on XRP Ledger.

▪️This major deal, amidst positive regulatory shifts, positions Ripple and Hidden Road to bridge traditional and decentralized finance.

Ripple has taken a major step forward by agreeing to acquire one of the fastest-growing prime brokerages in the world. This deal marks a big moment for the company and the crypto industry, as Ripple becomes the first crypto firm to fully own and operate a global, multi-asset prime brokerage platform.

Ripple announced it will acquire Hidden Road for $1.25 billion. This is one of the largest acquisitions in the digital asset space so far, signaling Ripple’s serious commitment to expanding its reach into traditional finance.

Ripple’s Stablecoin Steps Into the Spotlight

One of the most important aspects of this deal is the boost it gives to Ripple’s stablecoin, RLUSD. Hidden Road will now use RLUSD as collateral across its services, making it the first stablecoin to allow smooth cross-margining between crypto and traditional markets. This gives RLUSD a strong foothold in real-world financial applications.

As part of the agreement, Hidden Road will shift its post-trade operations to the XRP Ledger (XRPL). This move aims to lower costs and improve efficiency, highlighting XRPL’s value as a preferred option for institutional decentralized finance (DeFi).

Ripple also plans to improve its Ripple Payments platform by reducing costs, increasing liquidity, and offering secure, bank-grade digital asset custody to Hidden Road’s institutional clients.

Hidden Road’s Global Presence Set to Expand

Hidden Road already handles more than $3 trillion in trading volume each year for over 300 major institutions. With Ripple’s support, the firm is now set to grow even more and could soon become one of the largest non-bank prime brokers in the world. This partnership is a key step in connecting traditional finance with the decentralized world.

This is the second billion-dollar crypto deal of 2025, showing strong momentum for the digital asset industry. Under President Trump’s administration, the market is growing more optimistic about relaxed crypto regulations.

Earlier in March, major crypto exchange Kraken announced a $1.5 billion deal to acquire retail futures trading platform NinjaTrader. That move allows Kraken to expand into new asset classes and grow its user base.

Ripple Hints At Collab With Cardano

Adding more buzz, Ripple recently released a video about tokenization that included the Cardano logo. This led to speculation about a possible partnership between the two companies. 

The video focused on the potential of real-world asset (RWA) tokenization, which could reach $18.9 trillion by 2033. While the community is excited, neither Ripple nor Cardano has confirmed any collaboration yet.

Ripple CEO Brad Garlinghouse commented on the deal, saying the crypto industry is entering a new and promising phase. For the first time, the U.S. market is becoming truly open to digital assets, as the regulatory confusion from earlier leadership begins to clear up. At the same time, the crypto space is maturing and starting to meet the standards of traditional finance.

According to Garlinghouse, this moment presents a huge opportunity for growth and mainstream adoption.

@ Newshounds News™
Source:  Coinpedia

Video Link

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BRICS: INDIA TO TURN ON US, JOIN CHINA IN TRADE WAR?

With the arrival of United States President Donald Trump’s Liberation Day economic policy, the world has been subject to an influx of tariffs. Now, despite its increased relationship with the country, BRICS nations may band together, with India potentially joining with China amid a brewing trade war with the US.

A Chinese Embassy spokesperson in India recently called for the nation to stand with its BRICS ally against the US Trump administration. Specifically, spokesperson Yu Jing called for the nations to join forces to “overcome the difficulties” of the recent tariff plan, according to a Reuters report.

BRICS Nations to Join Forces? China Calls for India to Stand With It in Opposition to Trump Tariffs

In early April, US President Donald Trump threw a wrench into global economics. Indeed, he announced the arrival of a baseline 10% tariff on nearly every trading partner that the country has. The increasingly aggressive economic policy was instituted to facilitate balanced trade for the nation, the administration assures.

However, its presence has forced a host of nations to respond. Among the most concerning answers have been from East Asia, which has vowed to fight the policy. Now, it is calling on its BRICS ally in India to stand with China as it is set to engage in a trade war with the US.

Chinese Embassy spokesperson Yu Jin recently said the two sides should come together amid the action. “China-India economic and trade relationships are based on complimentary and mutual benefit. Facing the US abuse of tariffs… the two latest developing countries should stand together to overcome difficulties.”

The only problem is that both nations took radically different approaches to their response to the Trump tariffs. Specifically, India has already ruled out reciprocal action. Indeed, it noted that it was seeking to secure a negotiated trade deal with the United States amid the policy.

Alternatively, Chian has not been as diplomatic. According to a recent report, the country has vowed to “fight to the end” in response to the looming trade war. The US president has threatened an additional 50% tariff on China, with the Eastern Asian power calling it “blackmail.”

@ Newshounds News™
Source:  Watcher Guru

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XRP LAWSUIT NEWS: SEC OPPOSES EMERGENCY REQUEST FOR ‘DECISIVE EVIDENCE’ IN RIPPLE CASE

The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has officially come to an end, as confirmed by Ripple CEO Brad Garlinghouse just a few days ago.

While the announcement was met with celebrations among Ripple supporters and the broader crypto community, the XRP price failed to react as positively as expected. This muted response has led to growing anticipation and calls from XRP enthusiasts for an official statement or confirmation from the SEC.

Adding to the intrigue, an unusual filing recently appeared in the SEC vs. Ripple docket. A man named Justin W. Keener submitted an emergency request seeking to “present decisive evidence in favor of the defendants and in favor of liberty for the American people.”

\*******************************

The letter, however, left many questions unanswered. It doesn’t clearly specify what the so-called ‘decisive evidence’ entails or how it would benefit Ripple’s case. Keener hints that the evidence may relate to physical investment contracts he has been collecting, though details remain scarce.

In response, the SEC has filed an opposition to Keener’s request. According to Fox Business’ Eleanor Terrett, the SEC argues that the motion should be denied for several reasons.

First, they claim the District Court no longer has jurisdiction over the matter since the case has moved to the Second Circuit.

Second, they assert that Keener failed to file the proper motion to intervene in the case. Lastly, the SEC contends that the request is unnecessary because Ripple is fully capable of deciding for itself whether the evidence in question could be helpful.

The SEC is now asking Judge Analisa Torres to dismiss Keener’s request entirely, arguing that it holds no legal standing and that the case has already reached a conclusion.

@ Newshounds News™
Source:  Coinpedia

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Iraq Economic News and Points to Ponder Tuesday Afternoon 4-8-25

Government Advisor: Iraq Will Face Two Shocks As A Result Of Trump's Decisions.
 
 April 6, 18:53  nformation / Baghdad..  The Prime Minister's advisor for economic affairs, Mazhar Mohammed Salih, revealed on Sunday that  Iraq will face two economic shocks as a result of US President Donald Trump's decisions, noting that the US is a secondary trading partner for Iraq.
 
"Iraq is immune to the impact of tariffs on its exports to the US, as the latter is a secondary trading partner.  Iraqi oil exports to the US do not exceed $5 billion annually, while Iraq imports electronic goods and cars from the US at a similar value," Saleh said in a statement followed by Al-Maalouma Agency. 

Saleh pointed out that "the new tariffs could lead to higher costs for global supply chains, causing  cross-border economic inflation, as well as a  decline in the oil asset cycle resulting from the protectionist trade policies pursued by the US through its control of the world's largest trading regions."

He explained that "Iraq will face two major shocks: the  first is a relative disruption in the prices of some materials within the supply chains, and the  second is a gradual decline in the oil asset cycle, which could lead to oil prices falling during the summer season to below their stable market values."  End 25    
  
https://almaalomah.me/news/95315/economy/مستشار-حكومي:-العراق-سيواجه-صدمتين-جراء-قرارات-ترامب 

The Turkish Wealth Fund And The Iraq Development Fund Sign A Memorandum Of Understanding For Joint Cooperation.
 
Tuesday, April 8, 2025 11:52 | Economic     Number of readings: 310  Baghdad / NINA / The Director General of the Turkish Wealth Fund, Arda Armut, and the Executive Director of the Iraq Development Fund, Mohammed Al-Najjar, signed a memorandum of understanding for joint strategic cooperation.
 
"Relations between Türkiye and Iraq have always held a special place as two countries with a long history, a shared geography, and strong fraternal ties," Ermut said at a press conference held today in Baghdad with the executive director of the Iraq Development Fund. He added that
 
this centuries-old friendship between the two countries has been strengthened over time by mutual trust and solidarity, transforming into a brotherhood that is not limited to neighborliness but rather united around common goals. He pointed out that
 
"this memorandum of understanding is a major step that will enhance cooperation between Türkiye and Iraq, not only at the regional level but also at the global level." He explained that the
 
Turkish Wealth Fund will cooperate extensively with the Iraq Development Fund in developing, financing, and implementing projects, noting that
 
the signed memorandum of understanding clearly embodies the determination to work together, particularly in specific strategic sectors. He said,
 
"We aim to cooperate in a wide range of areas, from renewable and green energy to information and communications technology, from infrastructure and superstructure investments to transportation and logistics services, from automobiles to agricultural technologies and food production, and from financial services to fintech applications."

 He added, "In addition to investments, we will also cooperate closely on issues such as information exchange, technology transfer, and the joint use of resources.
 
This will ensure that our joint projects have a broader and more sustainable impact."
 
The head of the Turkish Wealth Fund expressed his belief that this memorandum will support comprehensive and sustainable development in both Türkiye and Iraq, and that
 
this cooperation will enhance regional economic stability and further strengthen the friendship between the two countries. He pointed out that the
 
Turkish Sovereign Wealth Fund places great importance on establishing long-term relationships based not only on economic relations, but also on trust and shared values, as embodied in the memorandum of understanding between the two sides.
 
For his part, Mohammed Al-Najjar said:
 
This is a very important step not only for the "Development Road" project, but also for all other projects, partnerships, and relationships. Al-Najjar added, "For the first time, we are signing long-term strategic projects between Iraq and Turkey that go beyond trade relations."

He pointed out that the signed memorandum of understanding also forms the basis for future joint projects. It's worth noting that the "Development Road" project is a land and railway route extending from Iraq to Turkey and its ports.
 
It spans 1,200 kilometers within Iraq and aims to transport goods between Europe and the Gulf states.
 
On April 22 of last year, Turkey, Iraq, Qatar, and the UAE signed a quadripartite memorandum of understanding in Baghdad for cooperation on the "Development Road" project, under the auspices of Turkish President Recep Tayyip Erdoğan and Prime Minister Mohammed Shia al-Sudani.
 
Under the terms of the memorandum of understanding signed today in Baghdad, the two sides will work together under a structured cooperation mechanism to develop, finance, and implement projects. The first tangible results of this joint effort are expected to appear by next month.

The memorandum also includes joint commitments on innovation-focused investments in some key sectors of strategic importance.
 
These sectors include renewable energy and green energy technologies, information and communications technology, infrastructure and superstructure investments, transportation and logistics, automotive, agricultural technology and food production, and financial services and fintech.
 
Cooperation outside these investment areas includes the exchange of knowledge and expertise, technology transfer, and the allocation and mobilization of strategic resources.
 
This cooperation is expected to   support comprehensive and sustainable economic development in Türkiye and Iraq,  enhance regional economic stability and growth, and   deepen the long-standing strategic relations between the two countries. /End   https://ninanews.com/Website/News/Details?key=1196340 

Tomorrow... Iraqi And American Chambers Of Commerce Sign Contract To Regulate Private Sector Operations
 
Economy     Today, 21:59  Baghdad – INA  The head of the Federation of Iraqi Chambers of Commerce, Abdul Razzaq al-Zuhairi, announced today, Tuesday, the signing of an agreement with the American Chambers of Commerce to regulate the work of the private sector tomorrow, Wednesday. He explained that the government has included regulating the work of the private sector in its program.
 
In a statement to Al-Iraqiya News, followed by the Iraqi News Agency (INA), al-Zuhairi said,
 
"Tomorrow will witness the signing of an agreement with the American Chambers of Commerce to regulate the work of the private sector." He explained that "American companies are characterized by greater flexibility and capabilities, and they have extensive experience working with countries around the world.

In addition, the  Americans have everything they need to work in Iraq, especially in the field of industry."  He pointed out that "the banking base in Iraq has become large and global, and it is possible for us to work with it."

He explained that  "the agreement signed yesterday, in addition to the agreement to be signed tomorrow, includes regulating work in the Iraqi and American private sectors." 

He emphasized that the government has included in its program the regulation of the private sector and supports many areas, especially loans and the purchase of machinery and equipment," noting that "despite the difficult circumstances we faced, the results were positive on the ground."
 
Al-Zuhairi also referred to "addressing taxes, customs, the companies law, and the agency law," indicating that "there is a package that the government sent to Parliament for a vote, which is the most important package."  He explained that "the work of the private sector requires continuous updating, as there are new systems, laws, and new programs that change from time to time.
 
Land acquisition was previously under the agrarian reform law, as was the energy issue, and many other issues have been finalized."  He explained that
 
"what the government has done over the past period has been exceptional," expressing his hope that
 
"support for the private sector will continue in order to attract the largest number of international companies and employ the workforce."    https://www.ina.iq/231651--.html

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

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 4-8-25

Good Afternoon Dinar Recaps,

COINBASE TO INTRODUCE 24/7 FUTURES TRADING FOR BITCOIN AND ETHEREUM ON MAY 9

▪️Coinbase Derivatives has announced the launch of 24/7 Bitcoin and Ethereum futures trading for US traders on May 9.

▪️The launch will allow US-based crypto derivatives investors to trade Bitcoin and Ethereum futures contracts round-the-clock.

▪️The contracts will be backed by Coinbase Financial Markets and cleared through Nodal Clear, ensuring clear institutional framework.

Coinbase greenlights 24/7 futures trading for Bitcoin and Ethereum Futures

Coinbase has announced the decision to launch 24-hour trading functionality for US-based traders on May 9 2025, just 24 hours after the US congress advanced a bill for crypto stablecoin regulations. However, until now, US traders have faced limited access due to fixed market hours and contract expiration policies.

By introducing 24/7 trading, Coinbase aims to eliminate inefficiencies that prevent traders from reacting to price movements in real time.

Perpetual futures to bridge US trading inefficiencies

In addition to continuous trading access, Coinbase is also developing a perpetual-style futures contract. Unlike standard futures, these contracts do not have expiry dates, allowing traders to maintain positions indefinitely.

The new perpetual-style contracts aim to provide US traders with more efficient hedging and strategy execution.

Without the constraints of fixed expirations, traders can implement long-term positions without disruptions. Furthermore, the introduction of a regulated perpetual futures market within the US could reduce reliance on offshore exchanges, which have historically offered more competitive alternatives.

Crypto Regulations remain a crucial factor. In recent years, Coinbase has worked closely with the Commodity Futures Trading Commission (CFTC) to ensure compliance while expanding derivatives offerings to altcoins.

The US Congress also advanced a bill for Crypto stablecoin regulations this week as the Trump administration continues to push for crypto reserves, to mitigate mounting national debt.

Key points Coinbase users must note:

▪️Coinbase Derivatives launches 24/7 Bitcoin and Ethereum futures for US traders on May 9.
▪️The exchange is developing perpetual-style futures to eliminate contract expirations, enhancing trading flexibility within US markets.
▪️Coinbase's move is expected to boost institutional crypto adoption while reducing the need for offshore derivatives platforms.

Currently, derivatives account for over 75% of total crypto trading volume globally, according to CCdata.

Investors anticipate that the Coinbase imminent furtures trading launch could drive more capital inflows towards BTC and ETH derivatives markets.

At press time Bitcoin futures open interest stands at $53 billion according to Coingecko data, up 1.6% within the last 24 hours.

Market participants anticipate that the upcoming futures launch and perpetual contract developments will drive greater institutional participation in US-based crypto derivatives.

Perpetual futures lack expiration dates, enabling traders to hold positions indefinitely, providing better flexibility for long-term strategies.

@ Newshounds News™
Source:  FX Street

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XRP AND U.S. TREASURY: RIPPLE MIGHT GIFT XRP AS CODE TO THE GOVERNMENT

John Squire, a social media influencer with a growing presence in the digital asset space, posted a tweet raising the possibility that XRP could be incorporated into the U.S. government infrastructure through non-commercial means.

In his post, Squire stated, “XRP x U.S. Treasury. This ain’t hype, it’s infrastructure. Ripple might gift $XRP as code to the gov. They won’t buy it… they’ll use it. Are you watching or still sleeping?”

The Concept of a Gratis Vendor

Squire’s message was accompanied by a short video clip (link below) of an interview in which an unidentified speaker (Newshounds believes it is Commerse Secretary Howard Lutnick) described the process of becoming a “gratis vendor” for the U.S. government. The speaker explained that a gratis vendor is an approved entity that gives, rather than sells, a product or service to the federal government.

According to this explanation, when a vendor provides a product as a gift—especially if offered to an entity under Article II of the U.S. Constitution, which includes the executive branch—the product may be accepted without going through standard procurement procedures.

In the interview, the first speaker said, “What is a gratis vendor? A gratis vendor is an approved vendor for the United States of America that gives product to the government, doesn’t sell it. Therefore, I don’t have to go through the whole process of becoming a proper vendor because you’re giving it to us.”

The speaker went on to say that if the product is gifted to a government department, it bypasses much of the bureaucracy typically involved in federal acquisitions.

Implications for XRP and Ripple

Squire used this segment to suggest that Ripple Labs could utilize the gratis vendor model to offer XRP or XRP-related code to the U.S. government as a non-commercial resource.

The core implication in Squire’s statement is that Ripple would not sell XRP to the government but provide it or its infrastructure freely for governmental use.

The tweet did not contain any formal confirmation from Ripple or any government entity that such an arrangement is currently in place. However, it aligns with previous conversations in the digital asset space about the potential role of XRP in the modernization of governmental and financial systems.

Squire’s emphasis on the infrastructure aspect of the tweet indicates that he sees this potential move not as a marketing strategy or speculative hype but as a functional step toward broader adoption of distributed ledger technology within federal agencies.

Current Status and Outlook

If Ripple pursues this approach, it could theoretically allow government entities to evaluate or deploy XRP-powered systems without needing to engage in standard procurement or regulatory clearance typically required for financial acquisitions. While speculative, Squire’s commentary underscores the view held by some in the digital asset community that XRP’s real-world utility could extend into official public-sector functions.

@ Newshounds News™

Source: Times Tabloid

Video Clip:   X com

~~~~~~~~~

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