Seeds of Wisdom RV and Economic Updates Saturday Afternoon 4-26-25
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FEDERAL RESERVE RELAXES STANCE ON BANK CRYPTO ACTIVITIES
The Federal Reserve has withdrawn four crypto-asset related advisories, including ones that required banks to inform the Fed of planned activities in advance or receive a non objection letter. The two other main federal banking regulators, the Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation (FDIC) had already cancelled the requirements to get permission.
Good Afternoon Dinar Recaps,
FEDERAL RESERVE RELAXES STANCE ON BANK CRYPTO ACTIVITIES
The Federal Reserve has withdrawn four crypto-asset related advisories, including ones that required banks to inform the Fed of planned activities in advance or receive a non objection letter. The two other main federal banking regulators, the Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation (FDIC) had already cancelled the requirements to get permission.
It follows a letter from Republican members of the U.S. House Financial Services Committee earlier this month requesting the withdrawal of the letters. They characterized the supervisory non objection process as a method to “stonewall financial institutions” and prevent them from engaging with distributed ledger technology (DLT).
The FDIC’s responses to freedom of information requests, combined with the lack of services launched by banks, largely support this assertion.
Oversight will now happen through the normal Fed supervisory process. The Federal Reserve statement says, “the Board will work with the agencies (FDIC, OCC) to consider whether additional guidance to support innovation, including crypto-asset activities, is appropriate.”
“Today’s announcement from the Fed and FDIC is a welcome and important step toward achieving that goal and ensuring consumers can access these products and services through their trusted bank relationships,” said American Bankers Association President and CEO Rob Nichols. “We look forward to working with the Fed and FDIC in this fast-evolving marketplace.”
The withdrawn letters
The first withdrawn letter was issued in 2022 and required Board supervised banking organizations to notify the Federal Reserve prior to engaging in digital asset activities. The 2023 letter, SR 23-8 established a supervisory non objection process for state member banks involved with tokens using distributed ledger technology.
The withdrawal also included two joint 2023 letters issued by the Fed, FDIC and OCC that were more cautionary in nature. In fairness, their timing made sense. The crypto crash that followed the 2022 collapse of the Terra algorithmic stablecoin, resulted in the mass withdrawal of funds at Silvergate Bank, which alarmed the regulators.
Shortly after these letters, Silicon Valley Bank collapsed, which was unrelated to crypto. However, there were assertions that the collapse of Signature Bank around the same time was partly related to crypto, an issue that bank executives disputed.
In addition to the banking regulators, the CFTC and SEC have also adopted different approaches to crypto under the new Trump administration. While the SEC took an extreme stance under the Biden administration, it remains to be seen whether the pendulum swings too far the other way.
For example, the SEC washed its hands of supervising most meme coins. But some critics, including popular podcaster Joe Rogan, have expressed shock that meme coin pump and dump scams remain largely unregulated
@ Newshounds News™
Source: Ledger Insights
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CARDANO FOUNDER CONFIRMS XRP INTEGRATION, FRUSTRATED BY CHAINLINK DELAYS
Cardano founder Charles Hoskinson used the closing minutes of a wide-ranging “ask-me-anything” session on Wednesday to give the community a granular look at two long-running alliance talks that have often generated more speculation than substance:
▪️a multisided collaboration with Ripple’s XRP ecosystem
▪️an oracle integration with Chainlink.
Hoskinson, responding to a viewer who asked, “Charles, are partnerships of Ripple and Chainlink still being discussed?”, made it clear that progress has been uneven. “Ripple, yes. Chainlink we’re working hard on that,” he said.
XRP Integration Makes Progress
On Ripple, Hoskinson sounded decidedly upbeat, describing a concrete roadmap that reaches from native wallet support to token distribution and a new role for Ripple’s forthcoming RLUSD stablecoin. He confirmed that “we’re going to add XRP support for Lace, so if you’re an XRP user you can hold your XRP in the Lace wallet,” referring to IOG’s flagship light wallet launched last year.
He went further, noting that “XRP is going to be part of the Midnight airdrop,” the privacy-focused sidechain announced by Input Output Global. Even the stablecoin is on the table: “we’re in talks with RLUSD so I mean, uh, that’s as good as it gets,” he said, hinting that Cardano infrastructure might natively support Ripple’s fiat-pegged asset.
Hoskinson attributed the new momentum partly to personal rapport inside Ripple’s technical brain-trust. “David Schwarz just invited me to speak at one of their conferences and we’re on very good terms,” he disclosed.
The founder also revealed that “the Flare [Network] people want to come to Cardano and do oracles with us,” underscoring that the partnership has broadened beyond Ripple and broadens to the entire XRP Ledger ecosystem.
sed that relations remain cordial—“I have [Sergey] Nazarov’s private number… we meet and we’re like ‘Yeah, we need to work together’”—the substance of the collaboration still hangs in limbo.
Chainlink, he explained, “has us on the list for integration” and is migrating to “some new framework that’s kind of like Rosetta with Coinbase to do these integrations.” The result is a moving target: “for some reason it’s just always like three to six months off.”
Hoskinson dismissed any notion that the delay stems from politics or money. “There’s no component of it where there’s an interpersonal issue… there’s no component where there’s an economic issue,” he insisted. Instead, he pointed to Chainlink’s bifurcated codebase—“they have like a legacy way of doing it [and] they’re moving towards a new way”—which makes it “hard to predict… what the integration’s going to take.”
Even staffing up the effort has not forced the process across the finish line. “No matter how many people I throw at it… it just, for some reason, doesn’t get over the line,” he admitted, conceding that Cardano is “kind of in this no man’s land” while it waits for Chainlink’s next-generation tooling to stabilize.
Despite the frustration, Hoskinson reiterated his desire for Chainlink to become a premier oracle on Cardano, though he added that “there’s also Pyth [Network] and then there’s Flare and others” in play. He softened the critique with an anecdote about the two founders’ similarities, quipping that “Sergey and I… have the same fashion style, we have the same beard, we’re the same body mass… there’s no bad blood.”
At press time, ADA traded at $0.72.
@ Newshounds News™
Source: Bitcoinist
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Seeds of Wisdom RV and Economic Updates Saturday Morning 4-26-25
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RIPPLE PRESIDENT MONICA LONG STUNS XRP ARMY WITH PRODUCT ADVANCEMENT UPDATES
President Monica Long confirmed Ripple Labs’ $1.25 billion Hidden Road purchase, emphasizing XRP and RLUSD enterprise integration.
Ripple’s acquisition of prime brokerage firm Hidden Road for $1.25 billion is back in the spotlight.
XRP eyes bullish breakout with price holding above key levels.
Derivatives marketplace CME Group is to launch XRP futures on May 19, boosting institutional interest.
Good Morning Dinar Recaps,
RIPPLE PRESIDENT MONICA LONG STUNS XRP ARMY WITH PRODUCT ADVANCEMENT UPDATES
President Monica Long confirmed Ripple Labs’ $1.25 billion Hidden Road purchase, emphasizing XRP and RLUSD enterprise integration.
Ripple’s acquisition of prime brokerage firm Hidden Road for $1.25 billion is back in the spotlight.
XRP eyes bullish breakout with price holding above key levels.
Derivatives marketplace CME Group is to launch XRP futures on May 19, boosting institutional interest.
Monica Long, the President of American blockchain payments firm Ripple Labs Inc, has spurred fresh excitement within the XRP community. She recently stunned the community with updates on the company’s ongoing expansion and its latest acquisition. These developments come as the Ripple Labs-linked cryptocurrency XRP shows steady price gains amidst increasing institutional adoption.
Ripple Strengthens Infrastructure with Hidden Road Deal
In a recent CNBC interview, Monica Long confirmed Ripple’s acquisition of Hidden Road, a global prime brokerage firm that processes over $3 trillion in transactions annually.
In the interview, Long disclosed that the deal, which cost Ripple $1.25 billion, is considered a strategic move. This acquisition is aimed at strengthening the company’s financial infrastructure services, which include global payments, token custody, and asset tokenization, all of which are tailored for enterprise use.
According to the update, Long shared that Ripple Labs has expanded its payments network. She highlighted the company’s strong liquidity management, regulatory compliance with over 60 licenses, and complete control over payment flows.
Long also mentioned that purchasing Hidden Road supports Ripple’s core mission and enhances the integration of XRP, RLUSD (Ripple’s stablecoin), and other digital assets into enterprise-level solutions.
It is essential to add that this development follows Ripple Labs’ decision to delay going public. Long explained that the company remains financially strong, holding billions in cash reserves, and does not need an IPO for capital or visibility.
Commenting on the development, CEO Brad Garlinghouse echoed these remarks, confirming that Ripple will focus on building through acquisitions rather than listing on the stock market.
XRP Holds Key Levels
CoinMarketCap data shows that the fourth-largest cryptocurrency XRP is currently trading at $2.19, up 1.80% in the last 24 hours.
It is worth noting that the price has shown signs of consolidation. Market data shows that it is holding support above $2.11 and pushing through key levels following a mid-week high of $2.30.
Analysts are watching a possible 25% breakout toward $2.74, backed by a bullish inverse head-and-shoulders pattern. According to experts, a move above $2.22, which stands as the short-term resistance, is expected to open the path toward $2.50 and beyond.
It is worth mentioning that Derivatives exchange CME Group’s announcement of XRP futures set to launch on May 19 has only added to the market optimism. As detailed in its announcement, the futures will offer micro and larger contracts targeting institutional and retail investors.
Coinspeaker noted earlier that Coinbase submitted a filing with the CFTC to introduce XRP futures trading. This shows the rising appeal of XRP among Institutional and professional traders.
Reports also show that XRP technical indicators are pointing toward mixed signals. For context, the Relative Strength Index (RSI) is hovering around 55 but trending down toward the midline, indicating a potential shift in sentiment. Meanwhile, long liquidations are outpacing short ones, hinting at growing sell-side pressure. Despite this, XRP remains above the 100-day EMA, keeping the current bullish setup intact.
With continued attention on support at $2.15 and resistance at $2.22, market participants are closely watching Ripple’s next steps.
@ Newshounds News™
Source: CoinSpeaker
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BRICS: GOLDMAN SACHS ANALYST PREDICTS THE US DOLLAR’S FUTURE
Goldman Sachs analyst has provided a gloomy prediction for the US dollar as BRICS aims to topple the US dollar from the world’s reserve currency. The US dollar is the worst-performing currency in the forex markets as the DXY index dipped below the 100 mark.
It hit a low of 98.06 after falling from a high of 109.40 early this year. The greenback has dipped nearly 9% year-to-date and eight out of nine leading currencies outperformed it in 2025.
BRICS: Goldman Sachs on The US Dollar’s Future: ‘Weakness Is Here To Stay,’ Says Analyst
Kamakshya Trivedi, Head of Global FX at Goldman Sachs said that the US dollar’s weakness is here to stay. Trivedi explained that the geopolitical winds have changed as emerging economies are now looking at their own benefits similar to how the US does on foreign policies.
The Goldman Sachs analyst remains bearish on the US dollar as BRICS and other countries are diversifying their reserves.
“The US dollar weakness is here to stay. It’s going to persist, and it’s going to deepen,” said the analyst. He added, “I think the dollar weakness has further to run.” However, the Goldman Sachs analyst explained that the local currencies of BRICS countries do not pose a threat to the US dollar.
He stressed that the euro and Japanese yen could rise as the greenback declines in the charts. “It’s going to be the euro o+r the yen in the lead. That’s your typical ultra-safe haven. And I think that we could be getting back to the low 130s in quick time if the labor market data in the US start to crack.” While BRICS currencies might not pull the US dollar down, the euro and yen could, said the Goldman Sachs analyst.
@ Newshounds News™
Source: Watcher Guru
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Gold to Hit $6,000? Dollar Reset & Bitcoin Boom Ahead | Frank Holmes
Gold to Hit $6,000? Dollar Reset & Bitcoin Boom Ahead | Frank Holmes
Kitco News: 4-25-2025
Gold recently hit a record $3,500/oz amid extreme volatility. Now, Frank Holmes — CEO of U.S. Global Investors and Executive Chairman of Hive Digital — says $6,000 gold is coming under Trump’s new term.
With Goldman Sachs projecting a 25%-30% dollar drop and BRICS nations rapidly stockpiling gold, is a global currency reset already underway?
Gold to Hit $6,000? Dollar Reset & Bitcoin Boom Ahead | Frank Holmes
Kitco News: 4-25-2025
Gold recently hit a record $3,500/oz amid extreme volatility. Now, Frank Holmes — CEO of U.S. Global Investors and Executive Chairman of Hive Digital — says $6,000 gold is coming under Trump’s new term.
With Goldman Sachs projecting a 25%-30% dollar drop and BRICS nations rapidly stockpiling gold, is a global currency reset already underway?
Frank also shares his forecast for $250,000 Bitcoin, the rise of decentralized assets, and how both gold and crypto are being driven by loss of trust in traditional financial systems.
From central bank gold buying to mining stock cash flows and sovereign reserve shifts, Holmes breaks down the macro forces behind this dual breakout.
00:00 Introduction
00:54 Gold and Economic Insights
02:30 Gold Market Volatility and Government Policies
03:36 China's Economic Strategies and Global Impact
06:55 Gold and Bitcoin: Investment Strategies
10:46 Bitcoin Ecosystem and Market Dynamics
16:40 Gold and Bitcoin: Parallel Investment Opportunities
28:24 Conclusion
Seeds of Wisdom RV and Economic Updates Friday Morning 4-25-25
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XRP NEWS TODAY: RIPPLE REJECTS 2025 IPO DESPITE SEC WIN – HERE’S WHY
▪️Ripple confirms no IPO plans for 2025 despite previous speculation and legal clarity.
▪️Strong financial standing and strategic acquisitions negate Ripple's need for public offering.
▪️Ripple focuses on growth through acquisitions like Hidden Road to expand its financial reach.
Good Morning Dinar Recaps,
XRP NEWS TODAY: RIPPLE REJECTS 2025 IPO DESPITE SEC WIN – HERE’S WHY
▪️Ripple confirms no IPO plans for 2025 despite previous speculation and legal clarity.
▪️Strong financial standing and strategic acquisitions negate Ripple's need for public offering.
▪️Ripple focuses on growth through acquisitions like Hidden Road to expand its financial reach.
XRP News April 25th: Despite years of speculation and growing chatter in the crypto world, Ripple has officially confirmed it will not go public in 2025. The company behind XRP has decided to take a different route—even after settling its long legal battle with the U.S. Securities and Exchange Commission (SEC).
Why Is Ripple’s IPO Delayed?
In a recent interview with CNBC, Ripple’s President Monica Long made it clear: an IPO just isn’t part of the plan. She explained that Ripple is already in a strong financial position, holding billions of dollars in cash.
She added that most companies go public to raise capital or gain more visibility. Ripple doesn’t need either right now.
CEO Brad Garlinghouse echoed her view. He confirmed that Ripple is not seeking outside funding and has no plans to become a publicly traded company anytime soon.
The IPO Talk Has Been Around for Years
The idea of Ripple going public has been a hot topic in the crypto space. Back in 2022, Garlinghouse said an IPO would be considered after the company resolved its legal issues with the SEC.
That moment finally came in late 2023, bringing some much-needed clarity. But even after that, Garlinghouse made it clear: going public is not a top priority for Ripple.
Ripple’s Valuation Has Shifted, But Its Strategy Is Strong
Earlier this year, Ripple repurchased shares at a valuation of $11.3 billion. That’s a drop from its $15 billion high in 2022.
The share buyback raised $285 million, pushing Ripple’s total funding to $318.5 million. The company’s investors include major names like Andreessen Horowitz, Google Ventures, and Founders Fund—proof that confidence in Ripple is still strong.
Acquisitions Over IPOs: Ripple’s New Playbook
Rather than focusing on an IPO, Ripple is expanding through strategic acquisitions. Its biggest move so far is the $1.25 billion purchase of Hidden Road, a prime brokerage firm that handles around $3 trillion in annual transactions.
This deal is expected to strengthen Ripple’s new stablecoin, RLUSD, and help the company grow its role in global finance. It’s a major step toward building Ripple’s influence in the digital payments and blockchain infrastructure space.
Some XRP holders may have been hoping for an IPO boost, but Ripple’s approach shows confidence in its long-term direction. The focus is now on building technology, expanding reach, and leading innovation in cross-border payments and stablecoins.
For those tracking XRP price trends, crypto market news, or stablecoin developments, Ripple’s evolving strategy is worth keeping a close eye on.
@ Newshounds News™
Source: Coinpedia
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FEDERAL RESERVE WITHDRAWS CRYPTO RULES FOR BANKS, ENDING 'CHOKE POINT' PRACTICES
The U.S. central bank will now treat crypto like any other banking service, instead of approaching the industry with particular caution.
The Federal Deposit Insurance Corporation unexpectedly released a trove of documents on Wednesday detailing how the agency regulated banks’ approach to crypto.
Travis Hill, the FDICS’s acting chairman, said the agency is taking steps to enhance transparency as lawmakers move to investigate a plot dubbed “Operation Chokepoint 2.0.”
“The documents that we are releasing today show that requests from these banks were almost universally met with resistance,” he said in a press release. “These and other actions sent the message to banks that it would be extraordinarily difficult—if not impossible—to move forward.”
In December the FDIC published 24 letters detailing the agency’s push to delay or prevent American banks from engaging in crypto-related activities. But this 790-page batch of documents appears to contain correspondence covering banks’ ability to serve crypto firms as well.
In one letter, an FDIC appointee acknowledged that a bank’s board of directors had chosen to close all of an entity’s deposit accounts. While the entity wasn’t explicitly referred to as a crypto firm, the letter also sought additional information on the bank’s internal authorization “to engage with up to a maximum of three additional crypto companies.”
The letter also said that “banking organizations are neither prohibited nor discouraged from providing banking services to customers of any class or type,” but industry advocates have claimed the correspondence was further proof of the FDIC’s debanking plot.
The documents were unveiled shortly before Senate lawmakers began a scheduled hearing on “debanking.” So far, it’s been giving the public a first look at whether the FDIC unlawfully clamped down on the crypto industry.
Bitcoin and ‘reputation risk’
One snippet, highlighted by Coinbase Chief Legal Officer Paul Grewal, showed how a bank was deterred from offering an account to a stablecoin issuer looking to park reserves at the institution.
The bank was told that it “should not proceed with any crypto-asset activity” until the FDIC and another entity—the name is redacted in the document—found the practice was safe and sound.
In one case, Grewal said the FDIC did not raise concerns about “risks to the financial system.” But he did think it deterred a bank from offering a way for customers to purchase Bitcoin. In an excerpt, the FDIC stated that "reputation risk" or the prospect of Bitcoin’s price falling was at issue.
Though the conversation among lawmakers has focused intensely on the FDIC, which insures banking deposits and supervises financial institutions, the Federal Reserve recently weighed in.
A week ago, Fed Chair Powell stated that “banks are perfectly able to serve crypto customers, as long as they understand and can manage the risks.”
Some letters included in Wednesday’s document dump accused banks of false advertising, claiming that they did not include clear and prominent disclaimers that digital assets are not covered by FDIC insurance in advertisements.
On Wednesday, Hill signaled that more documents may be in the pipeline, as the agency moves to reverse practices under the previous administration.
“While this review remains underway, we are releasing a large batch of documents today,” he said. “Looking forward, we are actively reevaluating our supervisory approach to crypto-related activities.”
@ Newshounds News™
Source: Decrypt
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Seeds of Wisdom RV and Economic Updates Thursday Evening 4-24-25
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US SEC DELAYS DECISIONS ON POLKADOT AND HEDERA ETFS AS AGENCY WEIGHS DOZENS OF CRYPTO PROPOSALS
The SEC is extending its deadline to June 11, according to filings published on Thursday.
It will also delay a decision on the Bitwise Bitcoin and Ethereum ETF until June 10.
The U.S. Securities and Exchange Commission is pushing back its deadline for a few proposals to list and trade crypto funds based on Polkadot and Hedera's tokens. The agency is weighing dozens of filings to launch crypto exchange-traded funds.
Good Evening Dinar Recaps,
US SEC DELAYS DECISIONS ON POLKADOT AND HEDERA ETFS AS AGENCY WEIGHS DOZENS OF CRYPTO PROPOSALS
The SEC is extending its deadline to June 11, according to filings published on Thursday.
It will also delay a decision on the Bitwise Bitcoin and Ethereum ETF until June 10.
The U.S. Securities and Exchange Commission is pushing back its deadline for a few proposals to list and trade crypto funds based on Polkadot and Hedera's tokens. The agency is weighing dozens of filings to launch crypto exchange-traded funds.
The SEC is delaying its decision until June 11 to approve or disapprove a proposal from Grayscale to convert its Polkadot Trust as well as one from Canary to list an HBAR ETF, according to filings posted on Thursday. It originally had until the end of this week to make a judgement. The agency is also delaying a decision on the Bitwise Bitcoin and Ethereum ETF until June 10.
"The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change, as modified by Amendment No. 1, so that it has sufficient time to consider the proposed rule change and the issues raised therein," the agency said in the HBAR filing.
Filings for the Grayscale Polkadot Trust and the Canary HBAR ETF were made in February as firms look to launch a variety of crypto ETFs in what is expected, and is so far, a crypto-friendlier SEC.
Since President Donald Trump took office in January, the SEC has shown an openness to the crypto industry through public crypto roundtables while also dropping several lawsuits against crypto firms. The next roundtable is on Friday and is focused on crypto custody.
Under former SEC Chair Gary Gensler, the agency approved the listing of spot Bitcoin ETFs in January 2024 and spot Ethereum ETFs later in July, following a decisive court ruling brought on by Grayscale.
@ Newshounds News™
Source: The Block
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BRICS: EUROPEAN PARLIAMENT IN FINAL TALKS TO REMOVE CHINA SANCTIONS
The European Parliament is in the “final stages” of discussions with Beijing about removing sanctions on China, according to a Parliament spokesperson. “Discussions with the Chinese authorities are continuing and in their final stages,” the spokesperson said Thursday. The Chinese government put retaliatory sanctions on some MEPs in 2021, after the EU sanctioned some Chinese officials and entities over alleged human rights abuses in Xinjiang.
European Parliament President Roberta Metsola “will first inform group leaders once there is official confirmation from the Chinese authorities that sanctions have been lifted. It has always been the EP’s intention to have sanctions lifted and resume relations with China”, the spokesperson added.
Further sanctions, amounting to a visa ban and asset freezes in mainland China, Hong Kong, and Macau, were applied to a group of EU ambassadors who sat on the powerful European Council’s Political Security Committee, as well as the Mercator Institute for China Studies think tank and several other researchers. It is unclear if those sanctions are also set to be lifted, as representatives have yet to comment on further sanctions being cleared.
More Good News For China
The news is another positive for China, which earlier today also found out that their tariffs from the US may be lowered to 50%.
The Trump administration currently examines different methods for reducing the American trade barrier on Chinese imports, which he imposed in his second term, through possible reductions of 50% to 65%. Ears of political representatives are exploring a plan that duplicates previous House Committee on China recommendations.
China, meanwhile, has embarked on a charm offensive of its own, trying to rally European governments to fight Trump’s duties together. On Tuesday, China’s Foreign Minister Wang Yi spoke by phone with the foreign ministers of Austria and Britain, in an effort to convince them to oppose US moves.
“The US uses tariffs as a weapon to launch indiscriminate attacks on various countries … as a responsible country, China has stood up to stop it, not only to safeguard its own legit rights and interests, but also to safeguard international rules and the multilateral trading system,” Wang said.
@ Newshounds News™
Source: Watcher Guru
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Gold Is Being Remonetized – Why $10K Gold & $50 Silver Are Now in Sight | Florian Grummes
Gold Is Being Remonetized – Why $10K Gold & $50 Silver Are Now in Sight | Florian Grummes
Kitco News: 4-24-2025
Gold is pulling back from record highs above $3,500/oz — but is this just a pause before the next surge?
Silver is up over 3% in a single day, and some analysts say it's finally “waking up.” Azerbaijan’s State Oil Fund just added nearly 19 tonnes of gold in Q1, signaling fresh sovereign accumulation.
Meanwhile, Treasury Secretary Scott Bessent says there's “an opportunity for a big deal” with China on trade. Could this reshape global capital flows — and set the stage for silver to explode?
Gold Is Being Remonetized – Why $10K Gold & $50 Silver Are Now in Sight | Florian Grummes
Kitco News: 4-24-2025
Gold is pulling back from record highs above $3,500/oz — but is this just a pause before the next surge?
Silver is up over 3% in a single day, and some analysts say it's finally “waking up.” Azerbaijan’s State Oil Fund just added nearly 19 tonnes of gold in Q1, signaling fresh sovereign accumulation.
Meanwhile, Treasury Secretary Scott Bessent says there's “an opportunity for a big deal” with China on trade. Could this reshape global capital flows — and set the stage for silver to explode?
Florian Grummes, Managing Director of Midas Touch Consulting, joins Kitco News Anchor Jeremy Szafron to break down silver’s technical breakout, China’s strategic push to internationalize the yuan with gold, and what’s next for precious metals.
They also explore the gold/silver ratio, mining stocks like Silver Tiger Metals and First Mining Gold, and whether silver can really hit $50 this spring.
00:00 Introduction
00:59 Sovereign Gold Accumulation
02:12 Gold Price Predictions and Trends
04:16 US-China Trade Relations Impact
09:33 China's Strategy and Global Gold Flows
16:13 Gold and Silver Market Dynamics
26:18 Mining Stocks and Investment Opportunities
32:06 Conclusion
Seeds of Wisdom RV and Economic Updates Thursday Afternoon 4-24-25
Good Afternoon Dinar Recaps,
CME GROUP TO LAUNCH XRP FUTURES IN MAY
Top derivatives firm, CME Group, is set to launch XRP futures in May, offering more options for traders in the digital asset market.
▪️Derivatives marketplace CME Group will launch XRP futures on May 19, pending regulatory approval.
▪️Contracts are available in two sizes, cash-settled with a daily reference rate.
Other firms like ProShares filed for three XRP futures ETFs with the U.S.SEC.
▪️Other firms like ProShares filed for three XRP futures ETFs with the U.S.SEC.
Good Afternoon Dinar Recaps,
CME GROUP TO LAUNCH XRP FUTURES IN MAY
Top derivatives firm, CME Group, is set to launch XRP futures in May, offering more options for traders in the digital asset market.
▪️Derivatives marketplace CME Group will launch XRP futures on May 19, pending regulatory approval.
▪️Contracts are available in two sizes, cash-settled with a daily reference rate.
Other firms like ProShares filed for three XRP futures ETFs with the U.S.SEC.
▪️Other firms like ProShares filed for three XRP futures ETFs with the U.S.SEC.
Global leading derivatives marketplace CME Group has confirmed adding XRP futures to its list of cryptocurrency derivatives products.
The launch is planned for May 19, pending the green light from regulators. This recent development is part of the firm’s continued effort to meet growing demand from investors looking for alternatives in the digital asset market.
Details on the New XRP Futures Contracts
According to CME Group, the XRP futures will be available in two contract sizes. As detailed, one will cover 2,500 XRP while the other will be much larger, representing 50,000 XRP.
It is worth mentioning that both contracts will be cash-settled. Pricing will be based on the CME CF XRP-Dollar reference rate, a daily benchmark calculated at 4:00 p.m. London time.
This rate reflects the value of XRP in U.S. dollars and is used to provide a consistent and fair settlement process. This addition will expand CME Group’s existing digital asset offerings.
The CME Group exchange currently provides futures and options for the most prominent cryptocurrencies, Bitcoin and Ethereum. It also expanded its crypto offerings with the launch of Solana (SOL) futures. With XRP now added to the lineup, CME is ready to provide traders with a broader range of tools to manage their exposure to digital assets.
Since entering the digital asset ecosystem, the exchange has recorded a consistent increase in interest in its crypto products. In the first quarter of 2025, the average daily volume for crypto futures was 198,000 contracts. This represents a notional value of $11.3 billion, showing strong year-over-year growth.
Open interest also grew to an average of 251,000 contracts, equal to $21.8 billion in notional value. SOL futures, which began trading in mid-March, recorded more than 43,000 contracts traded, with a total notional value of $705 million.
Rising Demand for Regulated XRP Offerings
CME Group’s decision to offer XRP futures reveals the increasing role of regulated financial instruments in digital asset trading. Based on market sentiment, as more investors seek alternatives for BTC and ETH, exchanges respond by introducing products linked to other tokens.
XRP, the cryptocurrency associated with Ripple Labs, has gained attention for its practical use in financial transactions. Its speed and low cost have made it popular among everyday users and institutional investors.
With XRP’s inclusion, CME Group is widening access to futures trading in an evolving space. This also signals that traditional financial institutions are paying closer attention to how digital assets can fit into mainstream portfolios.
In addition to CME Group’s announcement of launching XRP futures, the digital asset has made headlines lately following the conclusion of the Ripple vs. SEC case. The settlement with the U.S. Securities and Exchange Commission has arguably renewed confidence in XRP’s position, paving the way for increased institutional interest.
Coinspeaker noted earlier that ProShares has joined the race for the XRP ETF. In a recent SEC filing, the firm revealed plans to launch three XRP futures-based ETFs. This move signals growing competition and a more competitive investment appetite in the XRP space.
@ Newshounds News™
Source: CoinSpeaker\
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BRICS: CHINA OFFICIALLY LAUNCHES PLAN TO PROMOTE ITS OWN PAYMENT SYSTEM
BRICS member China officially rolled out a plan to promote its own payment system to replace SWIFT. The Communist country aims to reduce US dollar dependency to confront Washington’s aggressive stance on trade and tariffs. The new plan was jointly released by the Shanghai municipal government and the People’s Bank of China, the country’s central bank.
The new payment system from BRICS member China will incorporate the Chinese yuan through the Cross-Border Interbank Payment System (CIPS). China wants to leverage its dominance in the manufacturing and trade sector and push the Chinese yuan for settlements.
BRICS: China Will Take on SWIFT Through CIPS Payment System
The BRICS country China revealed that it will “enhance the functionality” of CIPS and challenge the Western-dominated SWIFT payment system. “Promote the use of the renminbi in belt and road partner countries, and build a trade and investment service system based in Shanghai to facilitate the global circulation and use of the renminbi,” the plan stated.
The plan also states that the Xi Jinping administration will strengthen financial support to Chinese enterprises “going global”. “Enabling all types of market players to engage in international competition and cooperation in a safer, more convenient and efficient manner,” read the report.
China will also allow other BRICS members to settle cross-border transactions without the US dollar in the new payment system. Beijing is looking to internationalize the Chinese yuan and make it a common currency for trade among developing nations.
Settling cross-border transactions in the new payment system will not only strengthen the Chinese economy but also uplift the BRICS alliance. The development could cause harm to the US dollar as more countries will stop using it as a form of payment for trade.
@ Newshounds News™
Source: Watcher Guru
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Seeds of Wisdom RV and Economic Updates Thursday Morning 4-24-25
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US STABLECOIN PLANS IGNITE EU REGULATORY DISPUTE
U.S. endorsement of cryptocurrencies and promotion of dollar-based stablecoins has reportedly sparked tensions between the European Commission and the European Central Bank.
ECB Dollar-Based Stablecoin Concerns Overblown
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US STABLECOIN PLANS IGNITE EU REGULATORY DISPUTE
U.S. endorsement of cryptocurrencies and promotion of dollar-based stablecoins has reportedly sparked tensions between the European Commission and the European Central Bank.
ECB Dollar-Based Stablecoin Concerns Overblown
U.S. President Donald Trump’s endorsement of cryptocurrencies is reportedly causing a tiff between the European Commission (EC) and the European Central Bank (ECB), which sees this embrace endangering Europe’s financial system. According to a Politico report citing an ECB policy paper, the central bank’s demand for the rewrite of laws governing cryptocurrencies is at odds with the EC, which views the former’s concerns as alarmist.
As stated in the report, the commission believes the Frankfurt-based ECB’s demands are an affront and challenge to its lawmaking authority. The reported spat between the two bodies comes as some in the European Union continue to voice concern over the growth of cryptocurrencies and dollar-based stablecoins.
For instance, the Italian economy minister recently warned that dollar-based stablecoins pose an even greater threat to the euro than the ongoing trade war. In the past, the European Union (EU) said it would prioritize promoting the digital euro, the continent’s answer to dollar-based stablecoins.
However, planned U.S. reforms, including a White House executive order and the STABLE and GENIUS acts, are expected to significantly expand the American stablecoin industry, potentially reaching a $2 trillion supply by 2028, according to British bank Standard and Chartered. This projected growth has triggered warnings from ECB President Christine Lagarde and digital payments head Piero Cipollone.
MiCA Rules Cannot Withstand Dollar Stablecoins
According to the report, both Lagarde and Cipollone believe Markets in Crypto-Assets (MiCA) rules are not strong enough to withstand dollar-based stablecoins. They fear that an avalanche of dollar-based stablecoins could end up rerouting European savings into the U.S. The ECB officials’ dim view of MiCA, however, is not shared by EC officials, who reportedly made their feelings known at a recent meeting.
An anonymous diplomat who attended the meeting is quoted in the report explaining how EC officials rebuffed claims made by Lagarde and Cipollone.
“The Commission was quite clear that they had different views on this topic [and] not very many [countries] supported the idea that we should now jump the gun and start making quick changes in [the rules] based on this alone,” one of the diplomats said.
The official suggested that the European Central Bank (ECB) is amplifying concerns about stablecoins to gain political backing for its digital euro project. The initiative aims to create a pan-European payment system to protect Europe’s financial infrastructure from crypto assets.
However, the EC has defended the effectiveness of MiCA rules and insisted that it’s too early to assess the impact of the U.S. crypto resurgence on EU markets.
@ Newshounds News™
Source: Bitcoin News
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NEW AI AGENT LAUNCHES ON MAY 10: GROK AI BASED CRYPTO AGENT WILL CHANGE EVERYTHING
A new AI agent—powered by Grok AI—is set to launch on May 10, and it could change everything for retail traders during this crypto bull run.
In major news, MIND of Pepe launches its AI agent on 10 May. Much more than just a trading bot, $MIND is an autonomous intelligent actor that ingests and analyzes all types of market data in real time.
As such, it is also much more than just a meme coin. MIND of Pepe threatens to do for crypto what ChatGPT and Grok are doing for research and content generation – opening up a whole new world of invention. $MIND is a brain that not only analyzes but also acts. It can start trends as well as respond to them. It can even create brand new tokens.
Two of crypto’s dominant narratives in 2025 are still charging forward: meme coins and artificial intelligence. These narratives echo the explosive energy that fueled last year’s bull run. The launch of the MIND of Pepe AI agent marks the next stage of truly usable and useful AI for crypto market participants and users.
Now, as Q2 kicks off and the market regains its momentum, one question is on everyone’s mind: Can these trends continue to lead the charge?
There’s good reason to believe so. Meme coins remain one of the most accessible entry points into crypto, deeply rooted in internet culture, powered by viral energy, and driven by loyal communities. Meanwhile, AI is only just beginning to show its full potential, with new use cases emerging rapidly as the technology evolves.
And now, these two trends collide in one of the most talked-about projects of the year: MIND of Pepe ($MIND) – a crypto AI agent that gives the internet’s most iconic meme a neural upgrade.
The result? A meme coin with a brain – engineered to help investors identify opportunities, whether the market is pumping, dipping, or moving sideways.
Right now, $MIND is priced at $0.0037315 in its ongoing presale, but that price will rise in less than two days as the next tier kicks in.
CoinGecko Analysis Suggests Meme Coins and AI Will Still Dominate 2025
CoinGecko’s Q1 2025 report confirms what the market’s already feeling – AI tokens and meme coins continue to dominate investor interest, accounting for a combined 62.8% of all attention.
AI tokens now lead the charge with 35.7%, surpassing meme coins at 27.1%.
In 2024, meme coins ruled the first two quarters, cooled off in Q3, and peaked again in December with renewed retail participation. AI tokens, while active, played a secondary role.
But this year’s different. To lead the narrative again, it’ll take more than recycled hype. Investors are now looking for substance behind the memes – and real-world utility behind the AI. The project needs to offer tools, tech, and tangible value.
.For instance, tokens like Artificial Superintelligence Alliance ($FET) and Ocean Protocol ($OCEAN) – both critical to AI agent infrastructure – have been gaining serious traction, rising more than 32% and 28.4%, respectively, over the past week
In that same vein, MIND of Pepe is quickly capturing attention, not just riding the AI narrative, but helping redefine what it means in the crypto space.
MIND of Pepe Is The Ultimate Meme Coin Fusion With AI
In a market still driven by meme energy and AI utility, MIND of Pepe is emerging as the fusion point – a Pepe-themed, AI-powered token that doesn’t just react to trends but hunts them down and turns them into profit potential for $MIND holders.
Built on Ethereum, MIND of Pepe functions as an autonomous AI agent. It scans X (formerly Twitter), tracks crypto sentiment, and identifies early-stage opportunities before they go mainstream.
Holders can access these insights through a sleek, ChatGPT-style dashboard – trained specifically on crypto-native data – that answers questions, analyzes market conditions, and broadcasts real-time trade ideas.
But this AI doesn’t just listen. It acts. MIND of Pepe can interact with influencers and creators to amplify hype around trades it flags – and when the market’s quiet, it can dig even deeper.
With on-chain access and its wallet, the agent can interact directly with dApps and create new tokens based on trend signals it detects, pushing the boundaries of what meme coins and AI agents can do.
It’s a next-level leap – and the momentum shows. The project has already raised over $8.2 million, making it one of the fastest-moving presales of the year.
@ Newshounds News™
Source: 99Bitcoins
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Economist’s “News and Views” 4-23-2025
Currency Crisis As Debt Explodes Out of Control with Matthew Piepenburg
WTFinance: 4-23-2025
On this episode of the WTFinance podcast I had the pleasure of welcoming back Matthew Piepenburg.
Matthew is a Partner of Von Greyerz AG. During our conversation we spoke about the current state of the economy, tariffs, why all problems lead to debt and liquidity, a complete shift in the world order, collapse of the FIAT currency and more. I hope you enjoy!
Currency Crisis As Debt Explodes Out of Control with Matthew Piepenburg
WTFinance: 4-23-2025
On this episode of the WTFinance podcast I had the pleasure of welcoming back Matthew Piepenburg.
Matthew is a Partner of Von Greyerz AG. During our conversation we spoke about the current state of the economy, tariffs, why all problems lead to debt and liquidity, a complete shift in the world order, collapse of the FIAT currency and more. I hope you enjoy!
0:00 - Introduction
0:57 - What are you seeing in the economy?
8:39 - Tariffs impact on liquidity
20:14 - Complete shift in the world order?
29:49 - Collapse of FIAT currencies
41:14 - One message to takeaway from our conversation?
Gold Continues To Diverge From Silver & Trade On Monetary Premium
Arcadia Economics: 4-23-2025
We're in the midst of one of the more fascinating days in gold and silver market history. As the gold futures are down $120, while silver is actually up 60 cents along with the stock markets.
I'm not sure we've ever seen a divergence that extreme between the two metals before, and in today's show, Lynette Zang talks about how we're seeing gold trade at a monetary premium right now.
Gold’s Surge is Unsettling as Trump Shocks System
Liberty and Finance: 4-22-2025
In a recent discussion with Liberty and Finance, the anonymous financial analysts known as Doomberg delivered a stark assessment of the U.S. economy, arguing that the country is already mired in a recession.
They painted a picture of economic headwinds, political challenges, and potential geopolitical flashpoints, urging investors to remain calm and prepare for a period of prolonged uncertainty.
Doomberg pointed to a confluence of economic indicators signaling a significant slowdown. While mainstream narratives often focus on positive numbers, they highlighted underlying weaknesses masked by lagging data.
They suggested that key sectors are struggling, and that the overall economic picture is far less rosy than official reports suggest.
Adding to the economic woes, Doomberg believes that the Trump Administration faces significant obstacles, even before potentially retaking office. Internal pushback from within the government, coupled with a Federal Reserve that appears to be operating at odds with the administration’s goals, could significantly hinder any attempts to implement effective economic policies. This misalignment, they argued, creates further instability and uncertainty in an already fragile environment.
Echoing familiar concerns from the CoviD era, Doomberg warned about the resurgence of supply chain disruptions. These disruptions, they stated, are not isolated incidents but rather a pervasive issue that continues to destabilize markets and contribute to inflationary pressures.
This ongoing instability makes it difficult for businesses to plan and invest, further exacerbating the economic slowdown.
One of the most compelling arguments Doomberg presented was the rising price of gold. They interpreted this not just as a response to inflation, but as a broader signal of a shifting monetary environment. Gold’s rise, they argued, indicates a growing lack of confidence in traditional financial systems and a move towards alternative stores of value.
While energy markets currently appear stable, Doomberg cautioned against complacency. They warned that geopolitical tensions, particularly in volatile regions, could rapidly alter the energy landscape, leading to price spikes and further economic disruption.
They emphasized the unpredictability of these events and the potential for significant ripple effects throughout the global economy.
Despite the somber outlook, Doomberg’s message wasn’t one of despair. They strongly advised investors to avoid the trap of short-term panic selling. Instead, they advocated for a long-term perspective, urging investors to focus on building resilient portfolios that can weather the ongoing uncertainty.
They emphasized the importance of diversification, maintaining sufficient cash reserves, and investing in assets that tend to perform well during periods of economic turmoil.
In conclusion, Doomberg’s discussion with Liberty and Finance offered a sobering assessment of the U.S. economy. Their analysis highlighted the multifaceted challenges facing the nation, from economic slowdown and political headwinds to supply chain disruptions and potential geopolitical flashpoints
However, by urging investors to remain calm, focus on long-term strategies, and maintain a balanced portfolio, Doomberg offered a roadmap for navigating the turbulent times ahead. The message is clear: preparedness and prudence are essential in the face of escalating economic uncertainty.
PREPARE: Most People Have No Idea What's About To Happen! - Andy Schectman
PREPARE: Most People Have No Idea What's About To Happen! - Andy Schectman
Financial Wisdom: 4-23-2025
In Andy Schectman's latest interview, he explains how Trump's cryptic "golden rule" social media post signals an imminent financial system reset that will transfer wealth to gold holders as central banks abandon treasuries for physical gold.
Schectman reveals how the BRICS nations are methodically building gold-backed alternative financial systems that will trigger a massive wealth transfer from fiat currencies to precious metals.
PREPARE: Most People Have No Idea What's About To Happen! - Andy Schectman
Financial Wisdom: 4-23-2025
In Andy Schectman's latest interview, he explains how Trump's cryptic "golden rule" social media post signals an imminent financial system reset that will transfer wealth to gold holders as central banks abandon treasuries for physical gold.
Schectman reveals how the BRICS nations are methodically building gold-backed alternative financial systems that will trigger a massive wealth transfer from fiat currencies to precious metals.
0:00 - Trump's Easter Sunday post on Truth Social
0:28 - Gold's reemergence and public misunderstanding
1:03 - U.S. gold imports and COMEX deliveries
1:15 - Gold as a tier-one asset vs. treasuries
2:00 - Speculation on gold-backed treasuries by 2026
2:15 - JP Morgan and GLD custodianship concerns
3:03 - Treasury debt refinancing and interest rates
3:31 - Triffin's Dilemma and global trade imbalances
4:08 - China's dominance in pharmaceuticals and rare earths
4:23 - Dollar recycling, treasuries, and economic consequences
4:54 - Fed's policy shift: inflation vs. employment
5:26 - Gold-backed treasuries and global gold accumulation
5:51 - China's cross-border digital RMB bridge
6:23 - Belt and Road, BRICS expansion, and gold settlement
7:01 - Gold's quiet rise vs. Bitcoin in media coverage
8:24 - Gold undervaluation and rehypothecation in London
9:20 - Physical vs. paper gold imbalance
10:04 - BRICS methodical gold accumulation strategy
10:47 - System strain at the London Metals Exchange
11:20 - Volatility in gold and investor behavior
12:01 - Long-term gold perspective and Trump's potential signal
Seeds of Wisdom RV and Economic Updates Wednesday Morning 4-23-25
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TRUMP WARNS: “PERFECT TIME” FOR FED RATE CUTS — WILL JEROME POWELL LISTEN?
▪️Trump clarified he won't fire Powell but strongly urges the Fed to cut rates, citing global easing.
▪️Markets reacted with cautious optimism, as trade tension easing and Trump's comments influenced Bitcoin and treasury yields.
▪️The Fed remains cautious, balancing inflation with potential tariff impacts, despite Trump's pressure for rate cuts.
Good Morning Dinar Recaps,
TRUMP WARNS: “PERFECT TIME” FOR FED RATE CUTS — WILL JEROME POWELL LISTEN?
▪️Trump clarified he won't fire Powell but strongly urges the Fed to cut rates, citing global easing.
▪️Markets reacted with cautious optimism, as trade tension easing and Trump's comments influenced Bitcoin and treasury yields.
▪️The Fed remains cautious, balancing inflation with potential tariff impacts, despite Trump's pressure for rate cuts.
The debate over Federal Reserve rate cuts is heating up again. President Donald Trump says he’s not firing Fed Chair Jerome Powell — but he’s clearly running out of patience. In classic Trump style, the message is direct, the pressure is rising, and the markets are watching closely.
Here’s what’s unfolding behind the scenes.
“Perfect Time” for Action, Says Trump
Speaking to reporters, Trump called it the “perfect time” for the Fed to lower interest rates. He dismissed growing speculation about Powell’s removal but didn’t hold back on criticism of the Fed’s slow pace.
“I’m not firing Powell,” Trump said, blaming the media for the rumors. But he added that Powell should be moving faster, especially as other global central banks are already easing their policies.
“He should act early or on time, not late,” Trump said, signaling that the Fed’s current approach could soon fall behind the curve.
Bitcoin Breaks $90K as Market Reacts
Despite Trump’s strong remarks, broader markets stayed steady. But Bitcoin surged past the $90,000 mark, boosted by optimism from both Trump’s comments and new statements from the U.S. Treasury Secretary, who called the trade war with China “unsustainable.”
Short-term Treasury yields edged up to 3.82% after a weak government bond auction, while the U.S. dollar held its ground. Investors appeared cautiously optimistic about easing trade tensions.
Analysts: Trump Is Managing Expectations
Analysts say Trump’s push for rate cuts might be more about shaping public expectations than actually threatening Powell’s role. While Trump says Powell is safe, his public pressure could serve to redirect blame if economic growth slows.
This isn’t the first time Trump has publicly criticized the Fed — and likely won’t be the last.
Fed Holds Course as Inflation Stays High
For now, the Federal Reserve is staying the course. Powell’s position appears secure, and Fed officials are focused on evaluating the long-term effects of Trump’s trade, tax, and immigration policies.
With inflation still running above the 2% target for the fourth year in a row, most Fed members believe current interest rates are appropriate.
Growth Risks Could Force a Rethink
Still, some economists warn that the ripple effects of Trump’s tariffs could slow growth later this year. If that happens, the Fed may have no choice but to revisit its stance.
Rate cuts may not be off the table — even if Powell continues to resist political pressure.
With Wall Street rebounding and Trump increasing his calls for action, one thing is clear: the Trump vs. Powell rate debate isn’t going away anytime soon.
For now, Powell keeps his seat and his stance — but the clock is ticking, and everyone knows it.
@ Newshounds News™
Source: Coinpedia
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XRP IS THE COIN WITH ‘THE MOST UTILITY,’ SAYS TEUCRIUM CEO
In an interview on Bloomberg Crypto with anchors Tim Stenovec and Katie Greifeld, Teucrium Trading’s chief executive officer (CEO) Sal Gilbertie argued that XRP is the crypto asset with “the most utility” in the entire space.
“Ripple’s a company of really professional people working really hard on this. That’s why we chose XRP. We believe in XRP. We’re not making a price prediction, but we do believe it’s a coin that will have the most utility out there. You know Bitcoin is a store of value […] but I think that XRP has a true use case,” Gilbertie remarked.
He further highlighted the professionality of the Ripple team which is a big reason the company believes in the crypto asset: “There’s just no doubt about it in the Ripple team from what the interaction we’ve had with them […] They act like investment bankers over there. They know what they’re doing and they will make this work.”
Teucrium’s 2x Long XRP ETF
Teucrium launched the first XRP-based exchange-traded fund (ETF) in the United States on April 8. The Teucrium 2x Long Daily XRP ETF, traded under the ticker XXRP on NYSE Arca, is a 2x leveraged fund aiming to provide twice the daily return of the token.
The ETF’s launch coincided with a sharp rebound in the underlying token. While Teucrium cannot see its shareholder register in real time, Gilbertie believes early flows reflect “a mix of professionals and retail trading their own accounts.” XXRP is engineered explicitly for intraday traders, he emphasized:
“This specific product is geared toward traders who have a short-term view—primarily a one-day view—of what XRP’s price moves might be. This allows them in a traditional brokerage account to achieve leverage without a margin account.”
Gilbertie acknowledged that such magnified exposure is unsuitable for naïve investors. “Of course it’s risky. Leveraged funds are always risky and people need to be very careful,” he cautioned, adding: “I hope that the non-sophisticated traders do their homework first before they set foot in this.”
The conversation also illuminated a shifting regulatory atmosphere in Washington. Gilbertie contrasted the Securities and Exchange Commission’s current leadership with its prior stance under former Chair Gary Gensler, without naming him directly but characterizing the previous regime as “a blocker” to digital-asset innovation.
“The old SEC regime was a blocker…worked against the crypto industry,” he said. By contrast, the gap between administrations—during which newly confirmed Chair Paul Atkins and the fresh slate of commissioners were still settling in—created a moment when Teucrium’s application could proceed.
“We applied as soon as we could, meaning the old regime had left and wouldn’t block us, and we simply listed as soon as we could following the normal rules. The staff is really wonderful at the SEC…It’s the leadership that matters.”
XXRP’s methodology relies on daily rebalancing of swap positions to deliver twice the token’s move—up or down—over a single trading session. Compounding makes the fund unsuitable as a long-term proxy, an intrinsic feature common to all daily leveraged products but one the firm has gone to pains to highlight in its prospectus. Gilbertie underscored that message: “Volatility is the point. You want the action,” but traders must understand that the action cuts both ways.
For now, Gilbertie is betting that the community’s zeal, combined with a friendlier SEC stance, will keep volume humming. “We thought the time was right,” he concluded, “and so far the market seems to agree.”
At press time, XRP traded at $2.24.
@ Newshounds News™
Source: Bitcoinist
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