What Does Gold Revaluation Mean For The Gold Price? | Peter Grandich
What Does Gold Revaluation Mean For The Gold Price? | Peter Grandich
Liberty and Finance: 3-8-2025
Peter Grandich discusses the volatility in the stock market, attributing it to uncertainty in the economy and signs of a potential downturn.
He emphasizes the bullish outlook for gold and silver, explaining that despite recent price fluctuations, precious metals remain a strong investment due to their fundamental strength.
Grandich also touches on the financial troubles facing the U.S., particularly the unsustainable growth of national debt and the challenges of servicing interest payments.
What Does Gold Revaluation Mean For The Gold Price? | Peter Grandich
Liberty and Finance: 3-8-2025
Peter Grandich discusses the volatility in the stock market, attributing it to uncertainty in the economy and signs of a potential downturn.
He emphasizes the bullish outlook for gold and silver, explaining that despite recent price fluctuations, precious metals remain a strong investment due to their fundamental strength.
Grandich also touches on the financial troubles facing the U.S., particularly the unsustainable growth of national debt and the challenges of servicing interest payments.
He predicts that geopolitical tensions, such as those in Ukraine and the Middle East, could further drive gold prices higher. Overall, Grandich’s insights suggest a cautious view of the stock market while highlighting precious metals as a safer haven amid economic and political instability.
Grandich didn’t shy away from addressing the elephant in the room: the precarious financial situation of the United States. He pointed to the unsustainable trajectory of the national debt, highlighting the looming challenges of servicing the ever-increasing interest payments.
This growing debt burden, he argued, is a major vulnerability that could exacerbate any future economic downturn.
Furthermore, Grandich believes that escalating geopolitical tensions will further fuel the demand for gold. He specifically mentioned the ongoing conflicts in Ukraine and the Middle East, suggesting that these volatile situations will drive investors towards the perceived safety and stability of gold, ultimately pushing prices higher.
In essence, Peter Grandich’s appearance on Liberty and Finance provided a sobering assessment of the current economic landscape.
He painted a picture of a stock market fraught with volatility and potential risks, while simultaneously championing gold and silver as a more prudent investment strategy in the face of economic and political turmoil. His insights underscore the importance of cautious financial planning and a diversification strategy that includes precious metals as a hedge against potential losses.
For investors seeking shelter from the storm, Grandich’s analysis suggests that gold and silver offer a beacon of stability in an increasingly uncertain world.
INTERVIEW TIMELINE:
0:00 Intro
1:30 Stock market volatility
4:00 Gold market
6:13 Stock market outlook
8:05 Miners
11:17 Geopolitics
14:50 London gold outflows
17:40 Gold revaluation
20:46 National debt
23:34 Debt & the Bible
The U.S. Needs a Real Gold Audit: Jan Nieuwenhuijs
The U.S. Needs a Real Gold Audit: Jan Nieuwenhuijs
Palisades Gold Radio: 3-7-2025
Tom welcomes back Jan Nieuwenhuijs to explore the dynamics of the global gold market and its implications for global monetary systems.
Key topics include the movement of gold from London to Comex, driven by concerns over tariffs and geopolitical shifts. Jan explains that this flow reflects both physical arbitrage and strategic reshuffling of gold reserves, with banks moving gold into the U.S. for potential future use or resale in Asia.
The discussion also delves into the lack of transparency around U.S. gold audits, particularly at Fort Knox.
The U.S. Needs a Real Gold Audit: Jan Nieuwenhuijs
Palisades Gold Radio: 3-7-2025
Tom welcomes back Jan Nieuwenhuijs to explore the dynamics of the global gold market and its implications for global monetary systems.
Key topics include the movement of gold from London to Comex, driven by concerns over tariffs and geopolitical shifts. Jan explains that this flow reflects both physical arbitrage and strategic reshuffling of gold reserves, with banks moving gold into the U.S. for potential future use or resale in Asia.
The discussion also delves into the lack of transparency around U.S. gold audits, particularly at Fort Knox.
Jan highlights issues with the auditing process, noting that compartments have been reopened multiple times without proper justification, raising questions about the integrity of the audits.
He argues for an independent audit to ensure accountability and reassurance regarding the nation's gold holdings. Another significant point is the valuation of U.S. gold reserves at $42 per ounce, a relic from the Bretton Woods era aimed at demonetizing gold.
Jan suggests that revaluing gold could unlock substantial funds but warns this would be inflationary.
He also touches on the role of gold in China's financial strategy, noting that while official reports understate their purchases, they are actively accumulating gold to diversify away from the dollar.
Lastly, Jan concludes with the importance of tracking central bank gold buying and developments in alternative payment systems like the BRICS mBridge, which could challenge the dollar's dominance.
Time Stamp References:
0:00 - Introduction
0:54 - Tariffs & LBMA Flows
5:30 - Gold Demand & Lease Rates
9:01 - Import Code Changes
10:30 - U.S. Gold Reserve Audits
20:14 - Time Req'd to Audit
21:37 - Encumbrance Concerns
24:35 - $42 U.S. Gold Valuation
26:36 - U.S. Dollar Vs. Gold
29:09 - Revaluing & Funding
32:10 - Sovereign Wealth Fund?
33:25 - Uncertainties & Credit
37:50 - Deleveraging & Dollar
41:00 - Eastern Perspective
44:32 - China's Gold Holdings
46:30 - Gold & Dollar Flight
49:49 - Concluding Thoughts
51:30 - Wrap Up
Is the Gold Gone? Did the U.S. Treasury Lease it? This Would Break the System
Is the Gold Gone? Did the U.S. Treasury Lease it? This Would Break the System
Daniela Cambone: 3-7-2025
Gold never settles. You just roll it over and roll it over,” says Jim Rickards, New York Times best-selling author.
He tells Daniela Cambone that there isn’t enough physical gold to accommodate the paper gold transactions, which can be leased to numerous parties in a chain called “sales of unallocated gold.”
“I own it on paper, but there's no physical gold behind the contract,” he explains.
Is the Gold Gone? Did the U.S. Treasury Lease it? This Would Break the System
Daniela Cambone: 3-7-2025
Gold never settles. You just roll it over and roll it over,” says Jim Rickards, New York Times best-selling author.
He tells Daniela Cambone that there isn’t enough physical gold to accommodate the paper gold transactions, which can be leased to numerous parties in a chain called “sales of unallocated gold.”
“I own it on paper, but there's no physical gold behind the contract,” he explains.
However, he warns that if there were ever a run on the paper market, it would “break the market,” resulting in gold “quadruple almost overnight.”
His primary concern revolves around the disparity between the vast amounts of paper gold traded and the limited supply of physical gold to back it up. He describes a system of “sales of unallocated gold,” where the same physical gold is leased to numerous parties, creating a chain of ownership that exists only on paper.
The core of the problem lies in the leverage inherent in the paper gold market. Institutions can sell gold they don’t possess, creating a synthetic supply that far exceeds the reality. This artificial supply keeps the price artificially suppressed. However, if trust erodes and investors lose confidence in the system’s ability to deliver physical gold, the scramble to secure actual bullion will trigger a price surge unlike anything we’ve seen before.
Rickards’ warning serves as a stark reminder of the potential risks associated with solely relying on paper gold investments. While he doesn’t explicitly advocate for any specific action in this article, his overall message emphasizes the importance of understanding the intricacies of the gold market and taking steps to protect one’s wealth.
The interview with Daniela Cambone provides deeper insights into potential strategies for mitigating the risks highlighted by Rickards. He suggests considering the benefits of holding physical gold, stored securely and accessible in times of market turmoil.
Jim Rickards’ cautionary tale underscores the potential fragility of the paper gold market. The discrepancy between paper claims and physical gold reserves poses a significant risk, and a rush for physical delivery could trigger a dramatic price spike.
While predicting the exact timing is impossible, understanding the dynamics of the market and taking appropriate measures to safeguard your gold holdings could prove crucial in navigating the turbulent times ahead.
The full interview on ITM Trading provides valuable information for those seeking to understand and protect their investments in the face of potential market instability.
00:00 Tariffs
3:45 Fentanyl issue
7:07 Gold
12:43 Gold run
19:33 Gold buyers
24:23 Zelensky/Trump clash
28:29 World War III
31:13 Gold trajectory
Seeds of Wisdom RV and Economic Updates Saturday Morning 3-08-25
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THE EMERGENCE OF LAYER-TWO SOLUTIONS – HOW THEY’RE TRANSFORMING BLOCKCHAIN SCALABILITY AND USHERING IN A NEW ERA OF CRYPTO INNOVATION
In the ever-evolving world of blockchain technology, scalability has been one of the most significant challenges.
As blockchain networks like Ethereum (ETH) continue to see exponential growth, layer-two solutions are emerging as a vital component in addressing issues of network congestion and high transaction fees.
Good Morning Dinar Recaps,
THE EMERGENCE OF LAYER-TWO SOLUTIONS – HOW THEY’RE TRANSFORMING BLOCKCHAIN SCALABILITY AND USHERING IN A NEW ERA OF CRYPTO INNOVATION
In the ever-evolving world of blockchain technology, scalability has been one of the most significant challenges.
As blockchain networks like Ethereum (ETH) continue to see exponential growth, layer-two solutions are emerging as a vital component in addressing issues of network congestion and high transaction fees.
In this post, we’ll dive into the latest developments in layer-two technology, its impact on blockchain scalability and how it’s paving the way for a more efficient and sustainable future for DeFi (decentralized finance) and beyond.
Understanding layer-two solutions
Blockchain networks like Bitcoin (BTC) and Ethereum have often been criticized for their limited transaction throughput and scalability.
Layer-two solutions aim to solve this problem by providing a secondary framework that operates on top of the main blockchain (layer one), allowing for faster, cheaper and more scalable transactions.
There are different types of layer-two solutions, including the following.
▪State channels – These allow two parties to transact off-chain and only settle the final state on the blockchain, reducing congestion.
▪Rollups – Rollups bundle multiple transactions into one, significantly improving transaction speed and lowering fees.
▪Plasma and optimistic rollups – Plasma offers a framework for building scalable applications, while optimistic rollups enable faster execution by assuming transactions are valid until proven otherwise.
Layer-two in action – Ethereum’s road to scalability
Ethereum – one of the most popular blockchain networks – has been at the forefront of layer-two innovation.
The Ethereum network has struggled with high gas fees and slow transaction times due to its PoW (proof-of-work) consensus mechanism.
However, Ethereum 2.0 and the integration of layer-two solutions, such as Optimism (OP) and Arbitrum (ARB), have shown tremendous promise in scaling Ethereum without compromising security.
These layer-two solutions are helping to reduce Ethereum’s gas fees by processing transactions off-chain and only committing essential data to the Ethereum mainnet, making Ethereum more accessible to users across the globe.
In fact, as Ethereum embraces a hybrid model of layer-one and layer-two, it’s enabling DApps (decentralized applications) to run more efficiently and cost-effectively.
Recent updates – Layer-two adoption in the real world
▪Polygon’s expanding ecosystem – Polygon (MATIC), one of the most notable layer-two platforms on Ethereum, has recently seen explosive growth. With major projects like Aave (AAVE), Decentraland (MANA) and even Starbucks utilizing Polygon to enhance scalability and reduce fees, it’s clear that layer-two solutions are becoming an integral part of the DeFi and non-fungible token (NFT) ecosystem.
▪Arbitrum’s airdrop and rise in popularity – Arbitrum’s recent airdrop was one of the most highly anticipated events in the crypto space. This optimistic rollup solution has gained substantial traction for its low-cost transactions and high throughput, making it a go-to choice for developers and users in the Ethereum ecosystem.
▪Solana’s layer-two integration – While Solana (SOL) is a layer-one blockchain known for its high-speed and low-cost transactions, it has also been exploring layer-two solutions to enhance its ecosystem further. With the introduction of layer-two protocols like zk-Rollups, Solana is continuing its push to become a global blockchain platform.
Why layer-two is the key to unlocking crypto’s potential
Layer-two solutions are set to play a critical role in driving the mass adoption of blockchain technology.
By reducing transaction costs, improving transaction speed and minimizing network congestion, layer-two platforms are making DeFi, gaming and NFTs more accessible to the broader population.
In addition to scalability, layer-two solutions offer enhanced privacy and security.
As blockchain adoption grows, and more people enter the world of DeFi and crypto, layer-two will continue to bridge the gap between traditional financial systems and the decentralized world, ensuring that blockchain technology can scale for years to come.
The road ahead – A fully scalable blockchain ecosystem
As blockchain technology continues to evolve, it’s clear that layer-two solutions are not just a temporary fix but a long-term solution for scalability.
The next phase of blockchain innovation will involve further integration of layer-two solutions across multiple blockchain ecosystems, leading to faster, cheaper and more efficient DApps.
In the coming years, we can expect even more innovative layer-two protocols to emerge, offering a range of functionalities from secure cross-chain interoperability to privacy-preserving technologies.
These developments will play a pivotal role in shaping the future of DeFi, NFTs and beyond.
Conclusion
Layer-two solutions are a game changer for the blockchain industry. As Ethereum, Polygon and other layer-one blockchains integrate these technologies, we’re seeing real-world applications for DeFi, NFTs and DApps thrive.
By tackling scalability and reducing transaction costs, layer-two is helping bring blockchain into the mainstream.
For investors, developers and blockchain enthusiasts, keeping an eye on layer-two’s development is crucial to understanding where the future of crypto and blockchain innovation is headed.
@ Newshounds News™
Source: DailyHodl
~~~~~~~~~
U.S. BANKS CAN NOW OFFER CRYPTO SERVICES WITHOUT OCC APPROVAL
▪The OCC now allows federally regulated banks to engage in crypto activities (custody, stablecoins, nodes) without prior approval.
▪This reverses previous stricter guidance and removes regulatory warnings against bank involvement in crypto.
▪The move, coinciding with a White House crypto summit and Trump's executive order, signals a shift towards less restrictive crypto regulation.
For years, U.S. banks wanting to engage with cryptocurrency faced regulatory roadblocks. But that’s changing. In a major shift, the regulator overseeing national banks has now made it clear: federally regulated banks can offer crypto services without needing prior approval.
This decision could open the doors for more banks to enter the crypto space, making digital assets more accessible than ever. But what led to this policy change?
Let’s break it down.
Crypto Custody and Stablecoins Get the Greenlight
The OCC clarified in a new interpretive letter that national banks and federal savings associations are allowed to offer crypto custody services, manage stablecoin activities, and even operate blockchain nodes.
“The OCC expects banks to have the same strong risk management controls in place to support novel bank activities as they do for traditional ones,” said Acting Comptroller of the Currency Rodney E. Hood.
This move is expected to ease pressure on banks involved in crypto, ensuring that these activities are treated consistently, regardless of the technology used.
OCC Reverses Biden-Era Crypto Restrictions
Alongside this decision, the OCC withdrew previous guidance from President Joe Biden’s administration that had imposed extra steps for banks wanting to engage in crypto. Earlier rules required banks to notify regulators, explain their risk management plans, and obtain approval before offering crypto services.
The OCC also revoked past warnings from U.S. regulators that had discouraged banks from dealing with crypto. A 2023 statement did not ban crypto activities outright but cautioned that the sector is highly volatile and would face strict oversight.
While the crypto industry welcomed the OCC’s new stance, some remain cautious. Custodia Bank CEO Caitlin Long tweeted on March 7 that “Operation Chokepoint 2.0 isn’t over” until the U.S. Federal Reserve and the FDIC also lift their anti-crypto policies.
It’s the Crypto Era Now
The announcement came on the same day as a major development from the White House. President Donald Trump signed an executive order creating a strategic reserve for Bitcoin and other cryptocurrencies.
At the White House Crypto Summit, Trump declared he was “ending Operation Chokepoint 2.0,” accusing the program of unfairly pressuring banks to cut off crypto businesses and block transfers to exchanges. He claimed the crackdown was politically motivated and was being lifted for votes rather than the right reasons.
With the OCC easing restrictions and the White House showing support for crypto, U.S. regulations on digital assets are shifting. However, with the Federal Reserve and FDIC still maintaining their policies, the fight over crypto banking is far from over.
@ Newshounds News™
Source: Coinpedia
~~~~~~~~~
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Seeds of Wisdom RV and Economic Updates Friday Afternoon 3-07-25
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U.S. GOVERNMENT CONFIRMS IT WON’T BUY XRP, ETHEREUM, OR SOLANA – BITCOIN TAKES PRIORITY!
▪The U.S. government's Strategic Bitcoin Reserve (SBR) will exclusively hold seized Bitcoin, solidifying its primary status.
▪Other seized cryptocurrencies (ETH, XRP, ADA, SOL) will be placed in a separate "Digital Asset Stockpile".
▪The government's crypto holdings are primarily derived from seizures, with Bitcoin prioritized and altcoins managed differently.
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U.S. GOVERNMENT CONFIRMS IT WON’T BUY XRP, ETHEREUM, OR SOLANA – BITCOIN TAKES PRIORITY!
▪The U.S. government's Strategic Bitcoin Reserve (SBR) will exclusively hold seized Bitcoin, solidifying its primary status.
▪Other seized cryptocurrencies (ETH, XRP, ADA, SOL) will be placed in a separate "Digital Asset Stockpile".
▪The government's crypto holdings are primarily derived from seizures, with Bitcoin prioritized and altcoins managed differently.
Peter Schiff has confirmed that the U.S. government will not be purchasing Ethereum (ETH), XRP, Cardano (ADA), or Solana (SOL) for its crypto holdings. Instead, the newly established Strategic Bitcoin Reserve (SBR) will hold only seized Bitcoin (BTC), reinforcing its position as the dominant digital asset. While the executive order signed today allows room for potential Bitcoin purchases, these would likely require approval from Congress.
No Crypto Reserve for Altcoins
Earlier reports had suggested that a government-backed crypto reserve might include XRP, ADA, SOL, and ETH, leading to a surge in their prices. However, the latest update clarifies that the U.S. government has created a separate Digital Asset Stockpile for these altcoins, but it will not be making any additional purchases. This stockpile will only contain assets seized through legal actions and will be managed by the Treasury.
Depending on regulations, these tokens may either be held or sold, but the government will not actively add to them.
Bitcoin Gets a Dedicated Strategic Reserve
Bitcoin, in contrast, will have its own Strategic Bitcoin Reserve (SBR), further reinforcing its importance in government holdings. An audit set to take place within 30 days will disclose the total amount of cryptocurrency the government owns and how these assets will be categorized. The move highlights Bitcoin’s priority over other digital assets.
No New Acquisitions!
Schiff clarified that the government will not be buying additional cryptocurrencies. Any XRP, ADA, SOL, or ETH in the Digital Asset Stockpile will come solely from past forfeitures. This means no new assets will be added unless they are seized in future legal cases.
Meanwhile, blockchain data from Arkham Intelligence confirms that the U.S. government currently owns zero XRP, SOL, or ADA. This contradicts earlier speculation that a broader crypto reserve was being established.
However, some analysts, including Moon Lambo, believe the government might hold small amounts of these assets from lesser-known seizures, but if so, the holdings are likely insignificant.
What Does the Government Currently Hold?
Right now, the U.S. government holds around 200,000 BTC, obtained through various legal seizures. While Bitcoin remains the primary focus, the government also has approximately $176 million worth of ETH and $27 million worth of BNB. However, no XRP, ADA, or SOL have been confiscated, raising questions about why they were included in the stockpile designation.
So, Where Does This Leave Bitcoin?
The crypto community, particularly Bitcoin supporters, has welcomed the government’s decision, as it further separates BTC from other cryptocurrencies. This move strengthens Bitcoin’s reputation as “digital gold” and solidifies its role as a strategic asset. However, investors who had speculated that major altcoins would be included have been left disappointed.
The government’s stance on cryptocurrency is still a major topic of interest. The market will be watching closely to see if Bitcoin purchases receive approval and how the Digital Asset Stockpile will be handled.
While Bitcoin’s dominance in government holdings is clear, the future of seized altcoins remains uncertain.
@ Newshounds News™
Source: Coinpedia , Twitter
~~~~~~~~~
DAVID SACKS EXPLAINS WHY TRUMP MENTIONED XRP, SOL, ADA: 'PEOPLE ARE READING INTO THIS A LITTLE BIT TOO MUCH'
▪David Sacks downplayed speculation, stating that President Trump simply named the top five cryptocurrencies by market cap, causing major price spikes before a pullback.
▪An executive order mandates an audit of federal digital asset reserves while also opening the door to staking and portfolio management strategies.
White House AI and Crypto Czar David Sacks shed light on why President Donald Trump included XRP, Solana and Cardano in his posted comments about a U.S. crypto strategic reserve last Sunday.
Many in the industry questioned the inclusion of these particular altcoins, arguing that they lack the developer activity and decentralization seen in Bitcoin and Ethereum. Sacks' comments came after Thursday night’s executive order establishing a Strategic Bitcoin Reserve.
"Well, the president just mentioned the top five cryptocurrencies by market cap, so I think people are reading into this a little bit too much," Sacks said Friday on Bloomberg TV. "He just mentioned the top five."
Just mentioning those coins caused spikes nearing 70% last weekend before a pullback. Sacks said Friday that "we're not sure" whether the federal government owns any of those alternative cryptocurrencies, doubling down on the executive order's call for a full audit of its current reserves.
"In terms of what we'll actually have, we have to do the accounting," Sacks said. "We know it owns Bitcoin. I believe it owns some Ethereum. I'm not sure about the other ones. No one's been able to give us a straight answer yet."
The executive order directs a full accounting of the federal government’s digital asset holdings. The U.S. government possesses 198,109 BTC, worth about $17 billion at the current market price, according to the website Bitcoin Treasuries.
The order also establishes a U.S. Digital Asset Stockpile, consisting of assets other than bitcoin forfeited in criminal or civil proceedings. The government will not acquire additional assets for the stockpile beyond those obtained through forfeiture proceedings.
Sacks also said the federal government could explore lending or staking on the cryptocurrencies it owns.
"The idea of this executive order is to create the mandate," Sacks said Friday. "We're going to do the audit, then we're going to move them into a separate account for safekeeping. And then the secretary of treasury and his team will be able to exercise portfolio management and long-term or responsible stewardship. And yes, that could include staking, it could include rebalancing [and] it could include sales. These are all options they can pursue if the secretary of treasury believes these are in the long-term interest of the American people."
Several leading crypto executives are set to attend a crypto summit hosted by President Trump in Washington, D.C. on Friday afternoon.
The prices of both XRP and ADA are down about 7% over the past 24 hours, according to The Block's crypto price data. SOL is holding up relatively well, down about 1.3%. Bitcoin and ether are down 2% and 2.7%, respectively, over the same timeframe.
@ Newshounds News™
Source: The Block
~~~~~~~~~
MORE COUNTRIES READY TO JOIN BRICS ALLIANCE
India’s Foreign Minister S. Jaishankar revealed that the number of countries ready to join the BRICS alliance is growing. Speaking at a session titled ‘India’s Rise and Role in the World’ in London, Jaishankar confirmed that the bloc is encouraging developing countries to break the norm and enter a new financial territory without having to depend on the US dollar for survival.
The BRICS alliance is spearheading the de-dollarization agenda in a goal of making local currencies the world’s reserve status. The move could realign the global financial sector tilting the power from the West to the East.
Number of Countries Wanting to Join BRICS Alliance Increasing
Jaishankar emphasized that the BRICS alliance is “a very diverse group” and emerging economies find the bloc to be attractive. The unity in diversity is what’s pulling other countries towards it in a common agenda of de-dollarization. “I think clearly they must be doing something right. If so many countries want to join BRICS and so many countries actually have joined,” he said.
“South Africa joined, then it has become a double-digit membership. And in 2024, last year in Kazan, we also added dialogue partners, the concept of dialogue partners,” Jaishankar said. He explained that countries even without geographical closeness want to join the BRICS alliance.
“We are an exception to the normal rules on which groups are formed. Normally countries who approximate geographically to each other or have some particular shared history or some kind of ethnic or linguistic commonality, this is normally the basis to create a group. Now, BRICS alliance defies all those assumptions. So it’s not like the Commonwealth, it’s not like the NATO, it’s not like the G7. It’s not like anything which had been conceptualized early,” he said.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
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Was US Gold Repatriated To Refill Fort Knox?
Was US Gold Repatriated To Refill Fort Knox?
Arcadia Economics: 3-7-2025
There's been a lot of mysterious activity in the gold and silver markets over the past few months, and an increasing number of prominent analysts who continue to question whether the narrative that it was all just about the tariffs is really true.
And in this morning's show, Vince Lanci considers whether US gold may actually be getting repatriated to refill Fort Knox.
Was US Gold Repatriated To Refill Fort Knox?
Arcadia Economics: 3-7-2025
There's been a lot of mysterious activity in the gold and silver markets over the past few months, and an increasing number of prominent analysts who continue to question whether the narrative that it was all just about the tariffs is really true.
And in this morning's show, Vince Lanci considers whether US gold may actually be getting repatriated to refill Fort Knox.
You're going to want to see this one, so click to watch it now!
Seeds of Wisdom RV and Economic Updates Friday Morning 3-07-25
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TRUMP’S BITCOIN RESERVE PLAN: FUNDED BY CONFISCATED CRYPTO, NOT TAXPAYER’S WALLET
Trump orders U.S. Bitcoin reserve using seized assets, securing crypto holdings without taxpayer funds & reshaping digital finance.
U.S. Bitcoin stockpile signals global shift as other nations may race to establish their own reserves, boosting crypto adoption.
In a historic move this evening, President Donald Trump signed an executive order creating the United States’ first-ever strategic Bitcoin reserve. This major step in cryptocurrency policy is set to solidify the U.S.’s position in the growing digital asset space.
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TRUMP’S BITCOIN RESERVE PLAN: FUNDED BY CONFISCATED CRYPTO, NOT TAXPAYER’S WALLET
Trump orders U.S. Bitcoin reserve using seized assets, securing crypto holdings without taxpayer funds & reshaping digital finance.
U.S. Bitcoin stockpile signals global shift as other nations may race to establish their own reserves, boosting crypto adoption.
In a historic move this evening, President Donald Trump signed an executive order creating the United States’ first-ever strategic Bitcoin reserve. This major step in cryptocurrency policy is set to solidify the U.S.’s position in the growing digital asset space.
Bitcoin Reserve Without Taxpayer Funds
The executive order establishes a reserve for Bitcoin, which will be held exclusively in a digital stockpile. However, Trump’s plan does not rely on taxpayer funding. Instead, the reserve will be exclusively capitalized with Bitcoin that the federal government has confiscated through criminal and civil forfeiture cases. According to David Sacks, the White House crypto czar, this means no taxpayer dollars will be used to fund the reserve.
“The reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings,” Sacks said.
Digital Fort Knox: Long-Term Bitcoin Safeguarding
Trump said that the reserve will act as a digital equivalent of Fort Knox, safeguarding the nation’s Bitcoin holdings for the long term. In his remarks, Sacks explained the importance of this reserve, stating that previous premature sales of Bitcoin by the U.S. government have resulted in over $17 billion in lost value. This new initiative aims to prevent such losses by establishing a strategic, long-term holding strategy.
Expanding Beyond Bitcoin: U.S. Digital Asset Stockpile
In addition to the Bitcoin reserve, the executive order also includes a broader U.S. digital asset stockpile, which will include other cryptocurrencies, such as Ethereum, XRP, and Solana, all of which have been seized through forfeiture proceedings. However, the government will not seek to purchase more of these digital assets unless it can do so without additional cost to taxpayers.
Global Impact: The U.S. Leads the Way
This move marks a milestone not only for the U.S. but for the entire cryptocurrency market. With the federal government committing to hold Bitcoin as a store of value, the likelihood of Bitcoin being banned by the government has dramatically decreased. Additionally, this sets the stage for other countries to establish similar Bitcoin reserves, as global competition for Bitcoin intensifies.
Strategic Reserve: Preserving and Maximizing Value
The strategic reserve will not involve any immediate sales or purchases of Bitcoin, as it focuses on preserving and maximizing the value of assets already acquired by the government. The executive order also directs a full audit of the U.S. government’s existing digital asset holdings, with a focus on ensuring responsible stewardship under the Treasury Department.
Industry insiders have reacted positively to the news, with many viewing this move as a precursor to future institutional and state-level adoption of Bitcoin. As this strategy unfolds, experts predict that other nations will closely monitor the U.S.’s approach and may follow suit in creating their own strategic Bitcoin reserves.
The announcement comes just ahead of the White House Crypto Summit, where policymakers and industry leaders will discuss the future of digital assets and the regulatory framework surrounding them. With the U.S. leading the way in government-held Bitcoin reserves, the global crypto landscape is poised for a major transformation.
@ Newshounds News™
Source: Coinpedia
~~~~~~~~~
CARDANO’S CHARLES HOSKINSON REACTS TO WHITE HOUSE CRYPTO SUMMIT SNUB
Hoskinson focuses on legislative progress, unfazed by his absence from Trump's crypto summit.
Cardano founder Charles Hoskinson has revealed that he was not invited to the upcoming White House Crypto Summit on March 7.
His exclusion has sparked discussions, especially since the blockchain network’s ADA token is included in US President Donald Trump’s proposed crypto reserve.
No White House invite
In a March 6 broadcast, Hoskinson revealed that he had not received an invitation to the highly anticipated crypto event.
According to him:
“We did not get an invitation on Monday. We did not get an invitation on Tuesday. We did not get an invitation today on Wednesday. So I’m going to operate under the assumption I have not been invited to go to this gathering.”
Hoskinson downplayed the event’s significance, suggesting it might not involve meaningful policy discussions. He argued that real policy work happens within the legislative branch, where he has collaborated with lawmakers over the years.
He reaffirmed his commitment to pushing for regulatory clarity through legislative engagement, particularly on key bills related to stablecoins and market structure.
Despite his absence, several key figures in the crypto industry have confirmed their attendance. Among them are Michael Saylor, Chairman of Strategy—the largest corporate holder of Bitcoin—along with Brian Armstrong of Coinbase, Arjun Sethi of Kraken, and Vlad Tenev of Robinhood.
ADA in crypto reserve
Meanwhile, Hoskinson’s exclusion is particularly striking given that ADA has been listed as part of Trump’s proposed crypto reserve.
The president recently announced plans to create a reserve featuring Bitcoin, Ethereum, XRP, Solana, and Cardano. He is expected to outline his strategy for this initiative at the event.
The Cardano founder admitted that he was unaware of ADA’s inclusion until the news broke.
According to him:
“We knew nothing of ADA being selected for the reserve. It was news to me. I woke up on Sunday, looked at my phone, and I had over one hundred fifty messages saying congratulations, great job, and I had no idea what the heck was going on.”
@ Newshounds News™
Source: CryptoSlate
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Seeds of Wisdom RV and Economic Updates Thursday Evening 3-06-25
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U.S. CRYPTO RESERVE NEWS: DONALD TRUMP TO REVEAL BITCOIN STRATEGY TOMORROW!
After doubts over Bitcoin reserve plans and fading sentiment, the market is buzzing again as Trump prepares to unveil a Bitcoin Strategic Reserve at the White House Crypto Summit on March 7.
Commerce Secretary Howard Lutnick confirmed a national crypto strategy is in the works, sparking speculation on whether the U.S. will buy more Bitcoin or hold its 200,000 BTC. Bitcoin has reacted strongly, rebounding to $90K after dropping to $ 82 K.
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U.S. CRYPTO RESERVE NEWS: DONALD TRUMP TO REVEAL BITCOIN STRATEGY TOMORROW!
After doubts over Bitcoin reserve plans and fading sentiment, the market is buzzing again as Trump prepares to unveil a Bitcoin Strategic Reserve at the White House Crypto Summit on March 7.
Commerce Secretary Howard Lutnick confirmed a national crypto strategy is in the works, sparking speculation on whether the U.S. will buy more Bitcoin or hold its 200,000 BTC. Bitcoin has reacted strongly, rebounding to $90K after dropping to $ 82 K.
Let’s dive into the Altcoin Daily analysis on Trump’s Bitcoin Strategic Reserve and what it means for you.
A National Crypto Reserve in the Making
Trump’s announcement has ignited speculation that the reserve may extend beyond Bitcoin. A Truth Social post hinted at a broader “National Crypto Reserve,” fueling discussions that Ethereum, Solana, XRP, and Cardano could be included.
While it’s uncertain if the government will buy these altcoins, speculation is growing that they might be accepted through donations. This could pave the way for major crypto firms to contribute assets in exchange for regulatory clarity and potential future advantages.
Crypto Leaders Gather at the White House
The White House Crypto Summit boasts a star-studded lineup, highlighting the weight of Trump’s initiative. Confirmed attendees include Ripple CEO Brad Garlinghouse, MicroStrategy’s Michael Saylor, Bitcoin Magazine’s David Bailey, and Chainlink’s Sergey Nazarov, along with CEOs from Coinbase, Kraken, Robinhood, and Crypto.com.
Key government officials, including acting SEC and CFTC chairs, will also be present. Unconfirmed reports hint at appearances from Solana’s Anatoly Yakovenko, Cardano’s Charles Hoskinson, and Ethereum’s Vitalik Buterin. The event’s high-profile nature underscores a serious move toward shaping the U.S. crypto strategy.
How Will the U.S. Fund This Move?
Michael Saylor, in a recent interview, suggested that while Trump could issue an executive order to set the framework, actual purchases might require congressional approval. However, an alternative strategy exists. The Federal Reserve holds gold certificates valued at 1970s prices.
By selling these and converting the proceeds into Bitcoin at current market rates, the U.S. could accumulate a significant BTC reserve without new spending.
A Turning Point for Crypto Regulation?
Altcoin Daily analyst suggests that Trump’s upcoming announcement could shake up the entire crypto market. Just before Trump’s statements, a trader made a massive $200 million bet on crypto and has also named himself March 7, raising questions about whether they had inside information.
While the announcement might not reveal the full plan, analysts believe it could give a clearer picture of how the U.S. government plans to deal with crypto in the future. At this point, it’s not about whether the U.S. will create a Bitcoin reserve—it’s about whether it will focus only on Bitcoin or include other cryptocurrencies as well.
On the flip side, Solana co-founder Anatoly Yakovenko dismissed the idea of an SOL reserve, warning that government control would undermine decentralization. However, he reassured the Solana community, stating that if there’s a goal to achieve, the ecosystem will rise to the challenge.
@ Newshounds News™
Source: Coinpedia
~~~~~~~~~
INDIA OFFICIALLY DISMISSES BRICS CURRENCY, PRAISES THE US DOLLAR
The Modi government is placing a ledge on the de-dollarization ideals and making way for the US dollar to thrive. BRICS member India has once again rejected the prospects of a new currency and praised the US dollar for maintaining global stability. India’s Foreign Minister S. Jaishankar spoke in favor of the US dollar sidelining the idea of launching a new currency on the global stage.
India is the only country in the bloc that is moving away from the formation of a new common currency. BRICS members Russia, China, and Iran are aggressively pursuing the agenda to topple the US dollar from the world’s reserve currency status.
The alliance is now divided as India is stepping aside and Brazil also revealed that they plan to drop the idea of a BRICS currency.
India Wants the US Dollar & Not BRICS Currency
Speaking at a session titled ‘India’s Rise and Role in the World’ in London, Jaishankar confirmed that they’re not interested in BRICS currency. “I don’t think there’s any policy on our part to replace the US dollar. As I said, at the end of the day, the dollar as the reserve currency is the source of international economic stability. And right now, what we want in the world is more economic stability, not less,” he said.
The statement from Jaishankar is at odds with what Russia, China, and Iran intend to streamline the alliance. India is on a different path and has openly embraced the US dollar rejecting the prospects of a BRICS currency. The move will make it tougher to launch a common currency as the decisions of the bloc are based.
The formation of a new BRICS currency could take longer than expected due to the ongoing divisions. In conclusion, the de-dollarization agenda might not take off in the coming years making the US dollar reign supreme for longer.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
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Seeds of Wisdom RV and Economic Updates Thursday Afternoon 3-06-25
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ESMA ACCUSED OF OVERREACH RE NON-EU CRYPTO PROVIDER GUIDANCE
Last Thursday Europe’s Target2 (T2) and Target2 Securities (T2S) interbank payment systems went down throughout normal business hours.
The European Central Bank (ECB) extended operating hours until midnight, as the system only came back online at 18:00, when the real time gross settlement (RTGS) would usually be taking its last instructions. It’s a relatively rare failure, but not unheard off – another outage of similar scale happened in October 2020.
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ESMA ACCUSED OF OVERREACH RE NON-EU CRYPTO PROVIDER GUIDANCE
Last Thursday Europe’s Target2 (T2) and Target2 Securities (T2S) interbank payment systems went down throughout normal business hours.
The European Central Bank (ECB) extended operating hours until midnight, as the system only came back online at 18:00, when the real time gross settlement (RTGS) would usually be taking its last instructions. It’s a relatively rare failure, but not unheard off – another outage of similar scale happened in October 2020.
There was one critical difference. The 2020 outage was on a slow Friday afternoon. This year’s was the day before month end, a busy time for both mainstream payments and securities settlement.
If there were a wholesale central bank digital currency (wCBDC) system, similar to the Banque de France’s DL3S, would that help to provide redundancy? At this stage our analysis is only ‘maybe’ and it will take a while.
Database failures and blockchain redundancy
At first the ECB identified a database error. Hence, it initially thought it couldn’t switch to the failover location because it was corrupted. Late in the day it found the problem was “an infrastructure component,” which we’d assume means a hardware failure. Hence, the database was switched to the failover location and the system was restarted after checks.
Without using blockchain, it’s possible to replicate databases in real time. That’s the way most large internet systems work. And from the description, we believe T2 does this.
Until recently, the approach used to be referred to as a master and slave database, which while politically incorrect, describes the relationship more clearly than primary and secondary.
If the primary database has been corrupted in some way, the replicated database is a copy that’s in exactly the same state. However, if one can identify a point (or transaction) where the problem starts, it’s often possible to roll back a few transactions on the replica, and get up and running from there.
By contrast, a blockchain works differently. Like database replications, there are multiple nodes.
But it provides redundancy because in the case of validating nodes (which can write to the ledger), each node’s ledger contents are not just copied from the primary ledger, they’re independently created based on transaction verifications. A bogus transaction can get approved by all nodes, but is likely to be deliberate.
The two bucket metaphor
An imperfect analogy is havings two taps, each with a bucket. In the replicated database case, one bucket has a flow of water and reaches a certain level.
The second bucket then has a tap that automatically switches on and aims to get to the same level. By then, the first tap is already filling up further.
In the blockchain case, the taps would drip water into their respective buckets in a synchronized fashion at the same rate.
However, blockchains aren’t really designed for situations where just one party (the central bank) writes transactions. If the sole purpose is redundancy, it’s a significant overhead to run a blockchain system that has to arrive at a consensus between nodes in order to write to multiple separate databases.
On the other hand, if there’s another purpose, such as enabling atomic settlement for securities transactions and programmability, then it might just be worth it.
The ECB has other redundancies
The ECB already has multiple strategies for T2 redundancy. In addition to the failover location, there’s also the Enhanced Contingency Solution II (ECONS II). However, it does not have the same level of functionality as T2, so it was only used for foreign exchange payments to CLS and margin calls by central counterparties (CCPs).
If something like France’s wCBDC had been in production, it would still need to tokenize money transferred from the RTGS (or escrowed) in order to function.
So in the first instance, if T2 was down, the wCBDC might also be out of action. If ECONS II were allowed to be used for banks to top up their wCBDC balances, then banks could potentially make some settlements that way. But ECONS II often requires additional collateral from banks.
There’s a much bigger reason why a wCBDC – in the early stages – is unlikely to help with redundancy. wCBDC systems are not designed to clone the functionality of an RTGS.
They usually have specific purposes targeted at the settlement of transactions relating to tokenized assets, whether that’s a digital bond or the interbank settlement of tokenized deposits. Hence, their integration with commercial bank systems will be focused on these functionalities alone.
That said, if there were a tokenized deposit system that was up and running with most banks onboarded, in a crisis it might be possible to switch to tokenized deposits and wCBDC as a primary solution for payments. But we’re currently a way off from that happening.
@ Newshounds News™
Source: Ledger Insights
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ECB CUTS INTEREST RATES TO 2.65% – WHAT IT MEANS FOR MARKETS & CRYPTO
▪The European Central Bank has reduced key interest rates to 2.65% to stimulate economic growth.
▪While lower rates may boost markets, inflation remains a concern, and bond market volatility suggests potential instability.
▪Geopolitical factors and internal ECB divisions make future rate cut timelines and impacts unpredictable.
The European Central Bank (ECB) has cut interest rates to 2.65%, down from its previous peak of 4.5%. This move follows a global trend where central banks are easing financial policies to support economic growth. In the U.S., traders expect at least three rate cuts from the Federal Reserve in 2025, while Germany and China are using government spending to keep their economies stable.
ECB’s Rate Cut: What Changed?
According to the ECB’s statement, key interest rates have been reduced by 0.25 percentage points. The deposit facility rate is now 2.50%, the main refinancing rate 2.65%, and the marginal lending rate 2.90%. These changes take effect on March 12, 2025.
Lower interest rates typically increase the flow of money, which can boost stock markets and riskier assets like cryptocurrencies. Analysts believe this easing cycle could push crypto prices higher, despite concerns over slowing economic growth. However, some worry that cutting rates too aggressively could cause long-term issues, especially since inflation in Europe is still above the ECB’s 2% target.
Bond Markets in Chaos
The bond market has already responded. Germany’s 10-year government bond yield has surged to 2.8%, its highest level in over a decade. This has narrowed the gap between German and U.S. bond yields, putting downward pressure on the U.S. dollar. The situation is similar to market shifts seen during Donald Trump’s first term, when global financial changes impacted currency values.
Meanwhile, U.K. bond yields have also risen, now surpassing those of the U.S. In Japan, the country’s 10-year bond yield has reached 1.5%, its highest in 17 years. The Bank of Japan, which recently raised interest rates after years of keeping them low, is now struggling to keep inflation in check.
Will Crypto Benefit From Lower Rates?
While the ECB’s rate cut may provide short-term relief, financial markets remain uncertain. If bond market volatility continues, investors might be more cautious with riskier assets like cryptocurrencies. While lower interest rates usually benefit crypto, sudden market changes could still bring instability.
Uncertainty Ahead: Inflation, Politics, and Growth Risks
Market analyst Max Wienke notes that while the ECB is expected to cut rates further, the outlook remains unclear. Inflation in the Eurozone has dropped slightly to 2.4%, which supports more rate cuts. However, unpredictable factors—such as Trump’s trade policies and the ongoing Ukraine war—add complexity. Divisions within the ECB are also growing, making it harder to predict the pace of future cuts.
The key concern is balancing inflation control with economic growth: aggressive easing could fuel inflation, while slow cuts might weaken recovery.
@ Newshounds News™
Source: Coinpedia
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BREAKING: TEXAS SENATE PASSES BITCOIN RESERVE BILL
This marks a major breakthrough for state-level SBR bills that so far have struggled to gain traction.
The Texas Senate has just voted in favor of a strategic Bitcoin reserve bill (SBR). The bill (SB21) has passed in a 25-5 vote. This marks a significant breakthrough for state-level SBR bills after some other states rejected them in quick succession.
Senator Charles Schwertner has stated that Bitcoin has proven itself to be "the most preferred because of its limited supply and adaptability."
The SB21 bill, which was originally filed on Feb. 12, stipulates that the reserve would be funded from appropriations, revenues as well as donations. It does not set a specific investment limit.
It allows investing in Bitcoin or an altcoin that has a market capitalization of at least $500 billion. Overall, more than 20 states have already introduced state-level SBR bills.
@ Newshounds News™
Source: U Today
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Seeds of Wisdom RV and Economic Updates Thursday Morning 3-06-25
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WHITE HOUSE CRYPTO SUMMIT 2025: EVERYTHING IMPORTANT YOU NEED TO KNOW
The White House Crypto Summit on March 7 will bring together crypto industry leaders and regulators for a night that many believe could shed more light on President Trump’s plans for crypto in the U.S. Here’s what you need to know.
According to FOX Business journalist, Eleanor Terrett, the summit will be a gathering of around 20 to 25 people at a roundtable setting hosted at the White House.
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WHITE HOUSE CRYPTO SUMMIT 2025: EVERYTHING IMPORTANT YOU NEED TO KNOW
The White House Crypto Summit on March 7 will bring together crypto industry leaders and regulators for a night that many believe could shed more light on President Trump’s plans for crypto in the U.S. Here’s what you need to know.
According to FOX Business journalist, Eleanor Terrett, the summit will be a gathering of around 20 to 25 people at a roundtable setting hosted at the White House.
The White House Crypto Summit guest list, according to insiders, will be smaller than expected, but includes major crypto industry leaders and regulators from relevant government bodies. Sources claim attendees will receive official invites from the White House via email.
Earlier this month, AI and crypto czar David Sacks shared the news on his X account, saying that the White House is gearing up to host the first crypto-focused summit on March 7.
“Attendees will include prominent founders, CEOs, and investors from the crypto industry. Look forward to seeing everyone there!” said Sacks in his post.
Due to the limited list of attendees, Terret said that a “larger, invite-only reception” will be held following the meeting for those not invited to the smaller round-table meeting but still considered relevant for the development of the crypto space in the U.S.
“This is all happening in real time with plans not 100% finalized so things could change but that’s what I’m hearing at this hour,” said Terret in her post.
A number of White House officials have also confirmed their attendance, including Executive Director of Presidential Council on Digital Assets Bo Hines, AI and crypto czar David Sacks, SEC Chair Mark Uyeda, and CFTC Chair Caroline Pham.
Meanwhile Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and Attorney General Pam Bondi have yet to confirm their attendance at the White House Crypto Summit.
So far, around 15 crypto industry leaders from major firms like Strategy, Gemini, Coinbase, Robinhood, Ripple XRP and Crypto.com have confirmed that they will be attending the White House Crypto Summit.
On the other hand, crypto journalist Laura Shin claimed that sources say Cardano Founder Charles Hoskinson has not been invited to attend the summit. Not only that, Solana founder Anatoly Yakovenko also has not confirmed his attendance.
Here’s what we know so far about the upcoming White House Crypto Summit.
Who will be attending the White House Crypto Summit, and who will not?
According to Eleanor Terrett, the list of attendees will include prominent figures from the crypto industry, which includes Strategy Chair Michael Saylor, Paradigm co-founder Matt Huang, CEO of Exodus J.P Richardson, Robinhood CEO Vlad Tenev and Gemini co-founders Tyler Winklevoss and Cameron Winklevoss.
The White House Crypto Summit will also reportedly host major industry players such as Coinbase Base CEO Brian Armstrong, Kraken CEO Arjun Sethi, Bitcoin Magazine David Bailey, Chainlink co-founder Sergey Nazarov, Crypto.com CEO Kris Marszalek, Managing partner at Multicoin Capital Kyle Samani and World Liberty Financial co-founder Zach Witkoff.
Ripple CEO Brad Garlinghouse had been one of the first figures to confirm his attendance, not long after Sacks’ post about the summit.
“I will certainly continue to champion this while in Washington at the end of this week,” Garlinghouse had written in his March 2 post.
According to an Unchained report, inside sources claimed that Garlinghouse had been the one to convince President Trump to include Solana in the crypto reserve in order to make the inclusion of XRP in the reserve “seem more legitimate.”
When asked about the rumor, a Ripple spokesperson did not confirm nor deny it. Instead, he referred to Garlinghouse’s earlier post praising Trump’s crypto vision and emphasizing the importance of cooperation between crypto firms in reaching the industry’s goals.
However at press time, Solana founder Anatoly Yakovenko has not officially confirmed his attendance at the summit. Other crypto figureheads whose attendance status is still unclear include ARK Invest CEO Cathie Wood, Ethereum co-founder Vitalik Buterin and Andreessen Horowitz co-founder Marc Andreessen.
Stablecoin firm leaders Tether CEO Paolo Ardoino and Circle USDC CEO Jeremy Allaire have also stayed quiet about the White House Crypto Summit, despite stablecoin being a major element in U.S. crypto-related policy in recent months.
Moreover, according to Unchained, a White House source claimed Cardano founder Charles Hoskinson will not be invited to the White House Crypto Summit. Many traders found this odd considering ADA is among the tokens Trump listed in his plans for the U.S. Crypto Reserve.
In a video posted on his account, Hoskinson said that he was initially unaware of ADA’s inclusion in Trump’s crypto reserve until the announcement came out.
What will be discussed at the White House Crypto Summit?
The upcoming White House Crypto Summit is set to be a discussion forum where policymakers and industry experts come together to talk about the future of crypto regulations and the U.S. crypto reserve. However, while the event is symbolically important, it may not deliver instant policy changes or a major market turnaround.
As previously reported by crypto.news, Commerce Secretary Howard Lutnick hinted that Trump will talk more about how the Bitcoin strategic reserve will be executed at the White House Crypto Summit on March. 7.
Moreover, the highly-anticipated White House Crypto Summit is expected to provide clarity on the Trump administration’s regulatory plans regarding the advancement of cryptocurrency in the U.S., which could further influence the wider global landscape.
@ Newshounds News™
Source: CryptoNews
~~~~~~~~~
CRYPTO NEWS: CARDANO’S HOSKINSON SNUBBED FOR WHITE HOUSE CRYPTO SUMMIT, RIPPLE CEO ON THE LIST
▪Trump’s White House Crypto Summit Set for March 7 – Key crypto leaders to attend, but Cardano’s Charles Hoskinson is left out.
▪U.S. Crypto Strategy Unfolds – Bitcoin prioritized over altcoins; Trump’s AI & crypto czar David Sacks to lead the discussions.
Anticipation is growing in the crypto world ahead of the White House Crypto Summit set for Friday, March 7, 2025. This first-of-its-kind event is expected to play a crucial role in the future of U.S. crypto policy, possibly launching a U.S. strategic crypto reserve. Several key figures in the industry, including members of former President Donald Trump’s crypto task force, are expected to attend.
However, as the guest list has started to take shape, one notable name is missing:
Cardano co-founder Charles Hoskinson. According to Unchained, a White House source confirmed that Charles Hoskinson was not invited to the summit, nor has Cardano been involved in any policy discussions or meetings with the administration.
“They are running around town trying to push their own sort of narrative. They are not involved in anything about trying to influence policy and they are not invited to Friday’s summit,” the White House source told Unchained.
Hoskinson’s absence is particularly surprising given recent comments from President Donald Trump. On Sunday, Trump mentioned that Cardano’s ADA, would be part of a crypto reserve, which led many to expect Hoskinson’s attendance at the event.
Confirmed Guests for the Summit
Despite the exclusion of Hoskinson, several high-profile crypto industry leaders will be in attendance. The confirmed guest list includes:
▪Brad Garlinghouse – CEO of Ripple
▪Michael Saylor – Founder of MicroStrategy
▪David Bailey – CEO of Bitcoin Magazine
▪Matt Huang – Co-founder of Paradigm
▪JP Richardson – CEO of Exodus
▪Kyle Samani – Managing Partner at Multicoin Capital
▪Zach Witkoff – Co-founder of World Liberty Financial
▪Sergey Nazarov – Co-founder of Chainlink
▪Brian Armstrong – CEO of Coinbase
▪Vlad Tenev – CEO of Robinhood
▪Arjun Sethi – CEO of Kraken
▪Kris Marszalek – CEO of Crypto.com
Hoskinson had previously hinted that he might attend a fundraising dinner for the pro-crypto PAC MAGA Inc., but the White House confirmed that he was not invited to that event either.
Key Focus of the Summit
The summit is set to run from 1:30 p.m. to 5 p.m. ET on March 7 and will be led by David Sacks, President Trump’s appointed AI and crypto czar. One of the main points of discussion will be the handling of Bitcoin and other cryptocurrencies.
Commerce Secretary Howard Lutnick stated in a recent interview that Bitcoin would be treated differently than other altcoins, as it is a significant part of President Trump’s crypto strategy.
@ Newshounds News™
Source: Coinpedia
~~~~~~~~~
SOLANA CO-FOUNDER SAYS A FEDERALLY CONTROLLED CRYPTO RESERVE WILL HARM DECENTRALIZATION ETHOS, PROPOSES STATES CONTROL THEIR OWN RESERVES
Anatoly Yakovenko, the co-founder of the Solana SOL/USD ecosystem, argued against a federal government-controlled cryptocurrency reserve Wednesday, citing a threat to decentralization.
What Happened: In an X post, Yakovenko outlined his order of preference for a potential cryptocurrency reserve.
“No reserve, because if you want decentralization to fail, you'd put the government in charge of it,” he stated as his first and the most ideal choice.
However, if reserves must be set up, Yakovenko said they should be managed by states as a “hedge” against the Federal Reserve making a mistake.
In the case of a federally administered reserve, Yakovenko proposed basing it on “objectively measurable requirements.”
“I don't care what they are, they can even be constructed such that only Bitcoin satisfies them right now, they just must be objectively measurable and rationally justified,” he explained his point.
When questioned if this was an indirect confirmation that no one from Solana pitched SOL for inclusion in the recently announced U.S. cryptocurrency reserve, Yakovenko stated, “No one asked me, and I didn’t pitch it.”
@ Newshounds News™
Source: Benzinga
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Economist’s “News and Views” Wednesday 3-5-2025
Jim Willie: Trump's Plans With Ripple (XRP) & Precious Metals Backing
Arcadia Economics: 3-5-2025
With the Trump administration recently releasing the list of the 5 cryptos that it expects to hold in a strategic reserve, there's a lot of attention on Ripple (XRP), which Dr. Jim Willie thinks is headed for a precious metals backing.
And to hear his latest thoughts on what the Trump team is planing, gold, silver, and more, click to watch part 2 of this interview with Jim!
Jim Willie: Trump's Plans With Ripple (XRP) & Precious Metals Backing
Arcadia Economics: 3-5-2025
With the Trump administration recently releasing the list of the 5 cryptos that it expects to hold in a strategic reserve, there's a lot of attention on Ripple (XRP), which Dr. Jim Willie thinks is headed for a precious metals backing.
And to hear his latest thoughts on what the Trump team is planing, gold, silver, and more, click to watch part 2 of this interview with Jim!
Atlanta Fed Now Predicting US Recession...Is It Time To Panic?
George Gammon: 3-6-2025
GOLD to $3,600? Liquidity Crisis Sparks Big Move! | Michael Howell
Soar Financially: 3-5-2025
The “King of Liquidity” Michael Howell, founder and president of CrossBorder Capital, joins us for an in-depth discussion on global liquidity flows.
Michael breaks down the hidden dynamics behind secret liquidity injections, unconventional Fed stimulus measures, and China’s struggle to maintain the yuan’s parity.
He explains why the U.S. dollar may soon lose its shine against gold and whether Trump’s iconoclastic ideas could signal a return to a loose gold standard.
00:00 – Intro
00:32 – Meet Michael Howell
01:40 – Global Economy Overview
02:31 – How Central Banks Affect Markets
03:59 – The Fed and Liquidity
05:40 – Effects of Liquidity Injections
07:19 – Fed’s Balance Sheet Explained
09:11 – Bank Reserves & Stress Tests
10:18 – Global Liquidity Cycle & 2025 Forecast
12:00 – Impact on Gold & Cryptocurrencies
13:58 – Bitcoin & Ethereum as Hedges
16:07 – Gold as an Inflation Hedge
18:01 – Drivers of Global Liquidity
21:29 – Market Volatility & Collateral
23:45 – US Treasury Yields Explained
26:45 – Rising Debt & Gold Prices
29:00 – China’s Impact on the Dollar
31:24 – Liquidity & Gold Price Forecast
32:00 – Global Debt & Refinancing Challenges
35:32 – Changes in Capital Markets
38:13 – Maturity Wall & Refinancing Risks
40:09 – Future Liquidity Crisis
42:21 – China’s Monetary Policy Impact
47:20 – Short-Term vs. Long-Term Liquidity
48:09 – Investor Tips: Gold, Bitcoin & Hedges
52:00 – Will the Fed Buy Bonds?
54:12 – Conclusion & Outro
