Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 2-11-25
Good Afternoon Dinar Recaps,
JUST IN: JEROME POWELL AGREES TO WORK WITH LAWMAKERS TO ADDRESS CRYPTO DEBANKING
In a bold move, Federal Reserve Chair Jerome Powell has called for a “fresh look” at debanking, following criticism that the crypto industry is being denied access to banking services.
Powell Agrees to Help End Crypto Debanking
Global Gold Shortage Brewing? Real Reason Behind Gold Flooding out of London to US
Global Gold Shortage Brewing? Real Reason Behind Gold Flooding out of London to US
Kitco News: 2-10-2025
Gold is on a tear, shattering price records and sparking speculation about its future trajectory. But behind the headlines about surging values, a crucial shift is underway in the physical gold market, raising critical questions about supply, central bank influence, and potential vulnerabilities in the global financial system.
According to Josh Phair, Founder & CEO of Scottsdale Mint, these physical movements, particularly the significant transfer of gold from London to the U.S., are a key indicator of the forces driving the current rally. Speaking with Kitco News, Phair dissected the intricate factors at play, including China’s burgeoning influence and the possibility of a looming gold shortage.
Seeds of Wisdom RV and Economic Updates Tuesday Morning 2-11-25
Good Morning Dinar Recaps,
GRAYSCALE FILES FOR CARDANO ($ADA) SPOT ETF WITH NYSE ARCA
The Feb. 10 SEC filing proposes listing and trading shares of the Grayscale Cardano Trust, making it the first standalone ADA investment product in the U.S.
Grayscale Investments has officially filed for a Cardano ($ADA) exchange-traded fund (ETF) with NYSE Arca, marking a significant step toward institutional adoption of the blockchain’s native asset.
The filing, submitted as a proposed rule change (Form 19b-4) to the U.S. Securities and Exchange Commission (SEC) on February 10, seeks approval to list and trade shares of the Grayscale Cardano Trust as a spot ETF.
Seeds of Wisdom RV and Economic Updates Monday Evening 2-10-25
Good Evening Dinar Recaps,
REP. WATERS PROPOSES STABLECOIN RULES, FEDERAL OVERSIGHT
Both House Republicans and Democrats have introduced proposals to regulate U.S. stablecoins, signaling that the sector is a legislative priority under President Donald Trump.
Maxine Waters, the ranking Democrat on the House Financial Services Committee, published a proposal for stablecoin oversight through federal watchdogs such as the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve, according to Punchbowl News.
Seeds of Wisdom RV and Economic Updates Monday Afternoon 2-10-25
Feb 10
Good Afternoon Dinar Recaps,
GOLD REACHES ALL-TIME HIGH AS BITCOIN STRUGGLES FOR MOMENTUM AMID MARKET UNCERTAINTY
▪️Gold has surged to a new all-time high, outperforming bitcoin year-to-date, as central banks continued aggressive purchases.
▪️Meanwhile, bitcoin’s price increase of around 5% since the beginning of the year has been marked by volatility, with markets reacting to Donald Trump’s proposed tariffs and broader macroeconomic risks.
Seeds of Wisdom RV and Economic Updates Monday Morning 2-10-25
Good Morning Dinar Recaps,
TOP ECONOMIC EVENTS TO WATCH NEXT WEEK: US CPI & PPI REPORT, POWELL’S TESTIMONY MIGHT SET CRYPTO MARKET’S TREND
▪️Crypto markets brace for key economic events, including CPI, PPI data, and Jerome Powell’s testimony, which could impact price trends.
▪️Fed interest rate outlook and U.S. tariff updates may influence investor sentiment, with inflation reports playing a crucial role next week.
Seeds of Wisdom RV and Economic Updates Sunday Afternoon 2-9-25
Good Afternoon Dinar Recaps,
THE LESSONS LEARNED AT "OPERATION CHOKEPOINT 2.0" CONGRESSIONAL HEARINGS
The new majority party cast the former administration’s bank regulators as bullies operating in the shadows, yet surprising agreements were found.
The deep political divisions in the United States were apparent once again during the recent Congressional hearings on Operation Chokepoint 2.0, the alleged top-down initiative by former US President Joe Biden’s administration to “de-bank” crypto firms.
Seeds of Wisdom RV and Economic Updates Sunday Morning 2-9-25
Good Morning Dinar Recaps,
HOW THE GENIUS ACT WILL LEAD TO CRYPTO-DOLLARS
The pace of regulatory and executive actions pertaining to the cryptoasset and blockchain sectors continues to accelerate, with the first ever U.S. digital asset press conference, the Senate Banking Committee continuing to discuss and roll back debanking initiatives, and SEC Commissioner Hester Peirce’s Crypto Task Force already making progress in establishing guidelines and frameworks for crypto regulation.
With the flurry of headlines and soundbites it would be easy for investors and policy advocates to overlook an important throughline in virtually every policy move under the new Trump administration to date; strengthening and improving the U.S. dollar’s place as the global reserve currency via dollar backed stablecoins.
The “Wait and See” Phase for Gold is Over
The “Wait and See” Phase for Gold is Over
Notes From the Field By James Hickman (Simon Black) February 6, 2025
In the year 1025, the Byzantine Empire stood at the height of its final golden age.
Basil II had just died, leaving behind a vast and wealthy empire stretching from Southern Italy to Armenia. At the heart of its economy was the solidus, a gold coin that had served as the bedrock of Mediterranean trade for centuries. Merchants from Venice to Baghdad had so much confidence in its purity that the solidus became the primary currency for international trade as far away as China.
And this ‘reserve currency’ status allowed Byzantium to project economic power far beyond its borders.
Seeds of Wisdom RV and Economic Updates Saturday Afternoon 2-8-25
Good Afternoon Dinar Recaps,
COINBASE TO FACE LAWSUIT OVER UNREGISTERED SECURITIES SALES, JUDGE RULES
Coinbase said the judge’s opinion “narrowed the scope of discovery in this case,” adding, “We look forward to vindicating the remaining claims” in court.
A US federal judge has rejected Coinbase’s argument that it does not meet the definition of a “statutory seller” under federal law, forcing the cryptocurrency exchange to face an investor lawsuit in the state of New York.
Gold Shortage Coming? Why $82 Billion Left London Ahead of Trump Tariffs
Gold Shortage Coming? Why $82 Billion Left London Ahead of Trump Tariffs
Daniela Cambone: 2-7-2025
A dramatic shift is occurring in the global gold market as a significant amount of bullion, estimated at $82 billion, is being withdrawn from the vaults of the Bank of England and shipped across the Atlantic to New York.
This exodus raises questions about the stability of London as a gold trading hub and highlights growing anxieties surrounding potential trade disruptions.
The primary driver behind this movement appears to be the looming threat of new tariffs on gold imports into the United States. According to veteran gold market analyst Adrian Day