Seeds of Wisdom RV and Economic Updates Wednesday Morning 5-7-25

Good Morning Dinar Recaps,

HOW DO TRUMP TARIFFS IMPACT THE FED INTEREST RATE DECISION TODAY?

The Federal Reserve is expected to keep interest rates steady this week, with a 95% chance of no changes, as it adopts a cautious “wait and see” approach.

Despite a slow economy in Q1, inflation remains slightly above the 2% target, while unemployment stays low, giving the Fed more time to assess market conditions. The FED interest rate decision is crucial, as the Trump tariffs and ongoing US-China trade talks could influence future actions.

Trump Tariffs and Trade Optimism

The latest Trump tariffs and trade discussions between the US and China are bringing renewed optimism to the market. Credit Suisse analyst Ipek Ozkardeskaya notes that improving trade relations could boost risk assets and revive investor confidence in the US dollar. While the dollar didn’t surge during the peak of the tariff war, a shift in sentiment could drive its near-term performance.

FED to Stay in “Wait and See” Mode

The Federal Reserve remains focused on data, with many expecting no immediate rate cuts. As the Fed weighs Trump’s tariffs and a $4 trillion budget plan, it will likely hold off on making any drastic decisions. Although inflation is still above 2%, the FED interest rate decision will depend on the ongoing trade talks and economic trends.

Dollar Could Rebound Amid Trade Optimism

Trade optimism surrounding Trump tariffs and negotiations could potentially lift the dollar, shifting from a safe-haven narrative to broader confidence. Ozkardeskaya believes that this shift could reignite demand for the US dollar, marking a key development as the FED interest rate decision looms.

FED Interest Rate Decision

With little indication of drastic shifts in the economy, Fed Chair Jerome Powell is expected to keep messaging minimal, even as President Trump pushes for rate cuts. Analysts predict that the Fed may only cut rates if the labor market weakens significantly.

@ Newshounds News™

Source:  Coinpedia

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ETHEREUM’S ‘PECTRA’ NETWORK UPGRADE GOES LIVE: WHAT TO EXPECT

Ethereum developers have activated the network's Pectra upgrade, bringing smart accounts, higher staking limits and improved scalability through key EIPs.

Ethereum — the network that unleashed smart contracts on the world — moves on to the next chapter with today’s Pectra upgrade, but what does it mean?

Pectra went live on the Ethereum mainnet at the start of epoch 364032, May 7, 2025, at about 10:00 am UTC. The three main Ethereum improvement proposals (EIPs) included are EIP-7702, EIP-7251, and EIP-7691.

EIP-7702 allows externally owned accounts to act as smart contracts and cover gas expenses (transaction fees) and payments in tokens that are not Ether.

EIP-7251 increases the validator staking limit from 32 ETH to 2,048 ETH, simplifying operations for large stakers.

EIP-7691 increases the number of data blobs per block, allowing for better layer-2 scalability and potentially significantly reduced transaction fees.

Sergej Kunz, co-founder of Ethereum DEX aggregator 1inch, said Pectra “introduces ‘smart account’ functionality” at deeper protocol levels and “improves Ethereum’s scalability” through layer-2 solutions.

0xAw, lead developer at Base Ethereum layer-2 DEX Alien.Base, told Cointelegraph that EIP‑7702 is a “potentially great addition for Ethereum.” He said that account abstraction has struggled due to wallet switching requirements.

The positives of adopting this include:

• Getting rid of approval flows

• Not having to sign each transaction

• Segregated permissions and actions

• Automations on behalf of the user

“It enables a Web2-like UX by hiding many of the underlying scaffolding from users,” 0xAw added.

Kunz said the update will pave the way for native gasless transactions and simplified user flows.
Ivo Georgiev, CEO of smart wallet Ambire, noted:

• “No more infinite ERC-20 approvals”

• “Users won’t need native currency like ETH to pay gas fees”

He added:
“Following this, the UX will be reworked completely… wallets give more limited abilities to apps, increasing overall security — for example, no wallet popup every time you interact with OpenSea.”

Still, not without risks.
0xAw cautioned: “Users have one more dangerous thing they could sign, which would be even more damaging than an approval to wallet drainers.”

Mike Tiutin, CTO of PureFi, warned:
“Drainers proved that users will sign ‘harmless’ messages in cloned DApps. EIP-7702 expands that trick from one token to the whole wallet.”

Georgiev remains optimistic, saying:
“Confident there will not be a tangible increase in risk... the industry knows how to create a secure contract, especially with such a minimal scope as an EIP-7702 delegation.”

Easier Institutional Staking

Artemiy Parshakov, VP of institutions at P2P.org, said:
“EIP-7002 makes institutional staking much easier to integrate without taking too much risk.”

Before Pectra:

• Stakers needed a signed message from their provider to exit

• Couldn’t exit without provider participation

• Had to wait ~13 hours to generate exit message

Now with Pectra:

• Exit delay reduced to ~13 minutes

Supply Validator Deposits Onchain

EIP-6110 enables the execution-layer block to carry validator deposit data to the consensus layer.
Previously:

• Consensus clients waited for Merkle root votes from block proposers
  Now:

• Execution layer directly includes new verifier deposits

This upgrade affects the deep Ethereum consensus layer and follows bugs on Holesky and Sepolia testnets.

Parshakov concluded:
“Our biggest concerns are client bugs, but we trust the Ethereum Foundation and client teams are working to prevent issues on mainnet.”

@ Newshounds News™
Source:  CoinTelegraph

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Seeds of Wisdom RV and Economic Updates Tuesday Evening 5-6-25

Good Evening Dinar Recaps,

US TREASURY REPORT ON STABLECOINS MULLS UPSIDE OF OFFERING INTEREST

A presentation last week to the US Treasury’s Borrowing Advisory Committee (TBAC) explored the impact of stablecoins on the demand for short term Treasuries.  One topic was mentioned repeatedly – the potential for stablecoins to offer interest.  

The last iteration of the Senate’s stablecoin bill, the GENIUS Act, introduced a clause that banned the payment of stablecoin interest before receiving a positive vote by the Senate Banking Committee.

According to the minutes of the TBAC meeting, “There was robust discussion concerning the potential implications of interest bearing stablecoins versus non-interest bearing stablecoins, and the extent to which growth in stablecoins would result in net new demand for Treasury securities rather than a reallocation of demand from banks and money market mutual funds.”

The President’s Executive Order on digital assets made clear the intention to promote the use of US dollar stablecoins beyond US borders.  White House AI and crypto czar David Sacks was very clear that the goal is to increase demand for US Treasuries,
which helps to lower the cost of servicing the United States’ massive debt.

The TBAC stablecoin report

The TBAC report used a figure from Standard Chartered research that estimates stablecoins will grow to $2 trillion by 2028 assuming stablecoins don’t pay interest.  As an aside, Citi also recently published forecasts.  The mid-April capitalization of stablecoins was $234 billion, which accounts for approximately $120 billion investment in short-dated Treasuries.  Combining that with Standard Chartered’s figure, the report estimates that stablecoin investment in Treasuries will expand to $1 trillion by 2028.

If stablecoins were to offer interest, the figure could be quite a bit higher, although no forecast was provided.  That would account for a significant slice of the short term Treasury Bill market, which currently has a $6.4 trillion issuance.

A key reason why most global stablecoin regulation has not supported the payment of interest is due to concerns that bank deposits might shift to stablecoins,  potentially reducing available credit from banks or making credit more expensive.  The TBAC report states that transactional demand deposits at banks totaling $6.6 trillion are most “at risk” from stablecoins.

However, the presentation also explored opportunities for banks and financial institutions, including issuing stablecoins and managing reserves.

Apart from delving into interest-bearing stablecoins, two other issues were floated:

• Allowing stablecoin issuers access to the Federal Reserve

• Allowing access to deposit insurance

This would help reduce the impact of de-peg events.

Readers of the TBAC report might expect to see efforts to remove the interest ban from the GENIUS Act.  However, after this TBAC meeting, several pro-crypto Democrats withdrew support for the latest version of the GENIUS Act despite it still including the yield ban.
Backtracking on the yield clause could further delay the progress of the stablecoin bill.

@ Newshounds News™
Source:  Ledger Insights

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BREAKING: NEW HAMPSHIRE BECOMES FIRST U.S. STATE TO OFFICIALLY HOLD BITCOIN IN STATE RESERVES

In a major first for the United States, New Hampshire has passed a new law allowing the state to hold Bitcoin as part of its financial reserves. The bill, known as HB 302, was signed into law on May 6, 2025, by the state’s Governor. This makes New Hampshire the first state in the nation to create a Strategic Bitcoin Reserve Fund.

The law gives the state’s Treasurer the power to buy Bitcoin and other major digital assets directly or through a regulated investment product like an exchange-traded product (ETP). However, there’s a limit — the state can only hold up to 5% of its total funds in Bitcoin to balance risk.

To ensure safety, the law requires all digital assets to be stored under strict U.S.-regulated custody, either in state-controlled wallets or with approved custodians. The new policy will officially take effect 60 days after its signing.

The bill was inspired by a model created by the nonprofit group Satoshi Action, which works to educate lawmakers about Bitcoin and digital assets. Dennis Porter, the group’s CEO, said this is more than just a bill — it’s the start of a movement. “New Hampshire didn’t just pass a bill; it sparked a movement,” Porter said.

Several important figures helped make this happen, including Rep. Keith Ammon, an early Bitcoin supporter, Majority Leader Jason Osborne, and the New Hampshire Blockchain Council.

This landmark decision could open the door for other U.S. states to follow New Hampshire’s lead as interest in Bitcoin-backed financial reserves grows nationwide. 

@ Newshounds News™
Source:  Coinpedia

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Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 5-6-25

Good Afternoon Dinar Recaps,

DEEP FREEZE EMPOWERS XRPL COMPLIANCE WITH INSTITUTIONAL TOKEN CONTROL

▪️Deep Freeze enhances institutional control over issued tokens on XRPL for compliance and fraud prevention.
▪️It introduces a protocol-level freeze, restricting all outgoing token transactions from targeted accounts.
▪️The update is crucial for stablecoin issuers and institutions issuing tokenized real-world assets.

The XRP Ledger (XRPL) has formally activated Deep Freeze, a new tool designed to push the compliance and security standards for tokens issued on the blockchain to the next level.

Although XRP itself does not change, Deep Freeze provides protocol-level granularity in terms of controlling issued assets, allowing issuers to directly impose constraints on accounts.

The amendment, designated as XLS-77d, represents a significant move towards supporting institutional-quality asset management found in traditional finance.

Deep Freeze places XRPL in a strong position as a viable alternative for stablecoin issuers and financial institutions for secure and compliant infrastructure, says fintech analyst Clara Renner.

The amendment was voted into implementation using XRPL’s decentralized governance mechanism, showcasing the adaptability of the network to real-world security and regulation requirements.

Institutional Adoption Grows With XRPL Upgrade

Earlier, issuers in the XRPL utilized trustline freezes that only inhibited new transactions.
It was not a perfect approach, as users could still send held assets, and freezes had to be applied individually.

Deep Freeze immobilizes an entire account’s capacity to move released assets, effectively halting all outgoing token transactions.
This is critical for legal holds, fraud prevention, or sanctions enforcement.

Unlike centralized blockchains, XRPL’s approach preserves visibility and decentralized integrity, a dual advantage for transparency and control.
Deep Freeze automates compliance processes for institutions handling bulk token issuance.

This has become especially relevant for entities like Ripple, Braza Bank, and Societe Generale Forge, which use XRPL to issue stablecoins.

New XRPL Feature Appeals to Institutions

Deep Freeze is not just a technical improvement—it's a strategic enhancement for XRPL’s institutional appeal.

Central banks and asset managers can now enforce regulatory mandates without needing third-party intervention.

As compliance becomes a top priority, features like Deep Freeze should accelerate adoption by major stablecoin issuers like Circle.

It aligns with global compliance standards while maintaining blockchain efficiency.
The feature is now live and available, demonstrating XRPL’s commitment to a compliance-ready blockchain ecosystem.

@ Newshounds News™
Source:  TronWeekly

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BRICS: INDIA AGREES TO DROP TARIFFS ON THE US

According to US President Donald Trump, BRICS member India has agreed to drop its tariffs on the US. It was reported on Monday that India offered the Trump administration a zero-for-zero tradeoff for tariffs on auto parts, steel, and pharmaceuticals.

Speaking at the Oval Office today, Trump credited himself as the reason behind India agreeing to eliminate tariffs on US goods. “They’ve already agreed. They would have never done that for anybody else but me,” Trump said in a media scrum.

The two countries are engaged in ongoing talks of a new trade deal following the United States’ imposition of 10% sweeping trade tariffs on all countries. US President Donald Trump introduced the plan in an effort to balance trade, with the focus being on new agreements that would fulfill this charge.

Representation from India has not confirmed Trump’s claim that they’ve agreed to slash all tariffs on US goods. The two countries remain in talks, according to Trump. Also on Tuesday, India and the United Kingdom came to terms on a new free trade agreement.

Indeed, the deal had been reached after three years of negotiations. The deal will reportedly make it much easier for the UK-based company to export various goods, including automobiles. Moreover, it will cut taxes placed on India’s clothing exports, the BBC reported.

Furthermore, Trump says that the US is “open for business” for deals with several countries on tariff talks. However, one country not included is India’s BRICS partner, China. China and the US remain in heated discussion over tariffs between both countries, including an over 140% tariff on the Asian country. Trump said today that his administration “could sign 25 deals right now” on trade, although none have been finalized by both sides yet, including India.

@ Newshounds News™
Source:  Watcher Guru

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Treasury's Plan Explained: $770 BILLION Gold REVALUATION to Reprice National Gold Reserves

Treasury's Plan Explained: $770 BILLION Gold REVALUATION to Reprice National Gold Reserves

Lena Petrova:  5-5-2025

Whispers have been circulating within financial circles about a potential bombshell move by the US Treasury: a massive revaluation of its gold reserves, potentially adding a staggering $770 billion to its balance sheet.

While speculation abounds, it’s crucial to understand what this rumored plan entails, its potential implications, and the likelihood of it actually happening.

Simply put, a gold revaluation is the act of increasing the officially recognized value of a country’s gold reserves.

Nations hold gold as a strategic asset, a store of value, and a hedge against economic uncertainty. Historically, the price of gold was pegged to the US dollar under the Bretton Woods system. However, after the collapse of that system in the 1970s, the price of gold has fluctuated freely in the market.

Currently, the US Treasury values its gold holdings at a historical cost basis, far below the current market price. A revaluation would mean updating that value to reflect the current market rate, instantly boosting the book value of the nation’s assets.

The estimated $770 billion figure stems from the discrepancy between the US Treasury’s reported gold holdings (8,133.5 metric tons) and the current market price of gold.

By multiplying the difference between the historical value and the current market price by the amount of gold held, a significant increase in value becomes apparent. Revaluating the gold reserves to reflect today’s market price could indeed add hundreds of billions of dollars to the Treasury’s balance sheet.

While the potential benefits of a gold revaluation are undeniable, the likelihood of it happening remains uncertain. The US Treasury has not officially announced any plans for such a move, and the decision would likely face significant political and economic scrutiny.

The current economic climate, characterized by high inflation and global uncertainty, could make a gold revaluation more appealing. However, the potential risks and complexities associated with such a move cannot be ignored.

The prospect of a $770 billion gold revaluation by the US Treasury is a fascinating topic that highlights the enduring importance of gold in the global financial system. While the potential benefits of strengthening the balance sheet and signaling commitment to sound monetary policy are attractive, the potential risks of inflation and market volatility must be carefully weighed.

Whether or not the US Treasury decides to revalue its gold reserves remains to be seen, but the ongoing discussion underscores the crucial role gold plays in the ongoing debate about economic stability and the future of the dollar.

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

https://www.youtube.com/watch?v=wGn6JJKDzBg

Seeds of Wisdom RV and Economic Updates Tuesday Morning 5-6-25

Good Morning Dinar Recaps,

THUNE SIGNALS GOP WILLING TO COMPROMISE ON STABLECOIN BILL AS SENATE VOTE NEARS

Senate Republicans back off fast-track push as Thune opens door to Democratic demands ahead of GENIUS Act floor vote.

▪️ Senate Majority Leader John Thune signaled openness to Democratic amendments on the GENIUS Act ahead of a key floor vote.

▪️ The move comes after nine Senate Democrats issued a joint statement opposing the bill without stronger safeguards.

▪️ Republicans need at least seven Democratic votes to advance the legislation, which would create a federal framework for stablecoins.

Senate Majority Leader John Thune (R-SD) has acknowledged that Republicans would need to seek a more open stance with Democrats if the party hopes to advance the U.S.’s first comprehensive federal regulatory framework for dollar-pegged digital assets.

With a full floor vote looming on the GENIUS Act before Congress' August recess, pressure for a compromise is mounting as partisan tensions surrounding the landmark legislation threaten to boil over.

"Changes can be made on the floor for sure," Thune said, speaking to reporters from Congress on Monday, as first quoted by Politico. Thune said he’s "waiting to see what it is [Democrats] are asking for."

Thune's gesture shows the GOP is dialing back and slowing down from Sunday, when he initiated expedited procedures to advance the bill.

Republican leaders had hoped to hold a vote as early as Thursday this week.

But those plans hit a roadblock after nine Senate Democrats, including four previously open to the bill in committee, released an opposing statement a day before it was expedited.

The Democrats cited the need to add "stronger provisions" on key issues, including anti-money laundering, foreign issuers, national security, financial safety, and accountability.

Despite holding 53 Senate seats, the Republican caucus needs to secure at least seven Democratic votes to overcome the last hurdles for passage.

What's at stake?

The GENIUS Act allows nonbank stablecoin issuers to operate in the U.S. economy, providing key protections for consumers using the technology for daily needs.

A stablecoin is a digital currency designed to maintain a consistent value by pegging it to a fixed asset like the U.S. dollar. Stablecoins, unlike Bitcoin, offer predictability for daily transactions by backing their value with cash or other stable assets.

With it, banks and non-bank institutions could issue stablecoins if they hold 1:1 reserves in high-quality liquid assets. House lawmakers, meanwhile, have proposed more restrictive reserve requirements in their competing STABLE Act.

If signed into law, the bill would address a regulatory gap that has persisted for years as stablecoins grew to over $240 billion in market capitalization, data from CoinGecko shows.

@ Newshounds News™
Source:  Decrypt

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BITWISE CIO WARNS OF CHALLENGING SUMMER FOR CRYPTO IF CONGRESS 'FUMBLES THE BALL' ON LEGISLATION

▪️Bitwise CIO Matt Hougan has warned of a mounting risk for crypto in Washington D.C., leading to a challenging summer for the industry if legislative efforts are derailed.

▪️However, Hougan remains optimistic that most crypto assets can trade to new all-time highs this year if Congress can get stablecoin and market structure bills passed.

Bitwise Chief Investment Officer Matt Hougan said he is increasingly concerned that the U.S. Congress will "fumble the ball at the one-yard line" on crypto regulation, warning that the industry is in for a difficult summer if legislative efforts fizzle out.

Hougan remains optimistic about the outlook for crypto this year, with a base case for most digital assets to reach all-time highs and bitcoin to rise above $200,000. However, despite the seemingly positive backdrop under the Trump administration, "crypto can still be derailed by politicians", he said.

Crypto rallied after the U.S. presidential election in November, partly on the assumption that Washington would take a more positive stance toward crypto. 

The first 100 days of Trump's tenure have seen the creation of a Bitcoin Strategic Reserve, digital assets named a "national priority," the SEC reversing crypto-related lawsuits and accounting rules and the end of Operation Choke Point 2.0. However, these initiatives have all stemmed from the White House, meaning they could easily be reversed by future administrations, Hougan warned in a note to clients late Monday.

"To move crypto forward, we need Congress to pass legislation enshrining crypto's progress in law," he said. "Congress passing at least one crypto bill would show that Democrats and Republicans can align on crypto and make it more difficult for future regimes to undo progress."

The stablecoin bill debacle

Hougan had expected stablecoin legislation to rapidly pass this year, broadening crypto's access to the traditional market, creating a new profit center for Wall Street and providing a huge buyer of U.S. debt as a tool to extend dollar dominance globally. A "win, win, win," he said.

In mid-March, this seemed to be on track as the Senate Banking Committee voted 18 to 6 to pass a stablecoin bill, called the GENIUS Act, out of committee, Hougan noted. In that vote, five Democrats on the committee broke ranks to support the bill, with Senate Minority Leader Chuck Schumer also backing it.

The bill would require stablecoins to have 100% reserve backing with U.S. dollars and short-term treasuries (or other similarly liquid assets), monthly public disclosure of reserves and annual audits for issuers with more than $50 billion in market capitalization. The bill also lays out strict marketing standards, guidelines on insolvency proceedings and other provisions.

However, over the weekend, nine Democrats, including four of the five who backed the bill in committee and Schumer himself, pulled their support, just days before the bill was set to hit the floor of the Senate. The Democrats argued that the bill needs stronger provisions on national security and anti-money laundering policy.

The bill requires 60 votes to pass in the Senate; with Republicans controlling only 53 seats, a bipartisan deal is a must. "We have a choice here," Republican Senator Bill Hagerty, one of the authors of the bill, wrote in response. 

"Move forward and make any remaining changes needed in a bipartisan way, or show that digital asset and crypto legislation remains a solely Republican issue."

"The change in tune reflects the shifting political environment in Washington," Hougan said. 

"The amended version of the bill is actually stronger on AML/KYC and other items than the version that passed out of the Banking Committee, suggesting the Democratic about-face has more to do with President Trump's slumping approval rating and rising chatter over his crypto-related conflicts of interest than any substantive concern."

Hougan also argued that lobbying efforts from the crypto industry to combine stablecoin legislation with broader market structure legislation are not helping. "This is the perfect becoming the enemy of the good," he said. "Market structure legislation is extremely important to crypto's long-term future, but lumping things together will make the passage of any bill more difficult."

What's next?

Beyond the GENIUS Act uncertainty, House Democrats are reportedly planning to walk out of a joint congressional hearing on crypto market structure legislation scheduled for Tuesday as pressure mounts over concerns about President Donald Trump's forays into digital assets.

Another stablecoin bill, known as the STABLE Act, has been advancing in the House. World Liberty Financial, a DeFi project backed by Trump, also recently launched its own stablecoin.

While the future of the GENIUS Act has been thrown into question in its current form, and political jockeying threatens to undermine progress on other crypto-related legislation, Hougan still expects the stablecoin bill to ultimately pass.

"Stablecoins are too obviously beneficial — to America, the dollar, merchants, entrepreneurs, and others — for petty political jockeying to derail progress," he said. 

"The next few days and weeks will be fraught. If legislation fizzles, this could be a challenging summer for crypto. But if Washington can get its act together, I think the bull market will be unstoppable."

@ Newshounds News™
Source:  The Block

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Seeds of Wisdom RV and Economic Updates Monday Evening 5-5-25

Good evening Dinar Recaps,

KEY CRYPTO EVENTS YOU CAN’T MISS THIS WEEK: WILL BTC DIP?

This week is packed with key events that could have an impact on the crypto sector. Don’t miss out—here’s what you need to know.

May 7 – Fed Interest Rate Decision, Ether’s Pectra upgrade

All eyes are on the Fed’s interest rate decision, which would affect the market sentiment across the financial and crypto sector.

The Fed is expected to keep the interest rates unchanged at 4.25–4.5%. While inflation could push the Fed to keep rates steady, President Trump’s push for a rate cut could influence the decision.

Trump, in a recent post, pointed to strong jobs data and falling prices as reasons for a rate cut. He also credited his tariff policy for bringing in billions.

All Eyes on Fed Chair’s Comments

However, there’s something more important than the rate decision itself that investors and analysts will be watching closely: What the Fed Chair has to say. Specifically, any comments on U.S. tariff policies are highly expected from Powell.

In its last meeting, it noted steady economic growth, low unemployment, and a strong job market. However, inflation remained high, and uncertainty had also increased. Bitcoin dropped slightly after the last Fed rate update, falling from over $84,000 to around $83,500.

The Fed has five meetings remaining on its 2025 calendar. On the same day, Ethereum’s Pectra upgrade is all set to go live, which will impact Ether’s price. It includes 11 improvements, mainly focused on making wallet use and recovery easier, and raising the maximum stake for one node from 32 ETH to 2048 ETH.

May 8 – US Initial Jobless Claims

The US initial jobless claims will provide fresh insights into the labor and market health. The report shows how the US job market is performing. Fewer jobless claims would mean that the economy is strong, while more claims would indicate the economy is weak.

May 13, 15 – US CPI and PPI Data

The US CPI will come in on May 13, and on May 15, the PPI report is scheduled. Both reports will be closely watched as key inflation signals by both traders and policymakers.

The Consumer Price Index (CPI) dropped by 0.1% in March, while Core CPI, which excludes food and energy, rose just 0.1%. Bitcoin had climbed slightly above $82,000 over the news.

The recent PPI report on April 11, 2025, showed a 0.4% month-over-month decline. Bitcoin rose 4%, reaching $82,500 following the data.

Bitcoin dropped below $94,000 ahead of the Fed decision. It has dropped 3% over the weekend, from $96,926 to $94,162, and could drop to $92K next.

@ Newshounds News™
Source:  Coinpedia

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BRICS ABANDONS US DOLLAR, SETTLES 65% OF TRADE IN LOCAL CURRENCIES

• Russia confirms 65% of BRICS trade is now settled in local currencies, not the US dollar.

• Only one-third of BRICS trade now uses the dollar, signaling a dramatic shift in global finance.

• The bloc is pushing for independent payment systems to insulate from US sanctions.

Russia’s Foreign Minister, Sergey Lavrov, announced that more than 65% of trade settlements among BRICS nations are now conducted in local currencies rather than the US dollar. Only about one-third of all trade payments are still made in dollars — a sharp decline that points to the greenback’s weakening grip on global trade.

“National currencies already account for more than 65% within the framework of trade among BRICS members. The dollar’s share declined to one-third against such background.”
— Sergey Lavrov

BRICS: Trade Shift Toward Local Currencies

The trend reflects growing resistance to US sanctions and tariffs. Member states are choosing local currencies to protect their economies and exert greater sovereignty over financial systems.

Lavrov elaborated during a meeting in Brazil:

“The meeting of BRICS finance ministers and central banks governors was held not long ago, where tasks of forming independent payment systems were reviewed... It was assigned to proactively use national currencies in mutual trade.”

Global Impact and De-Dollarization Momentum

Many non-BRICS countries are closely watching this trend. Nations in Africa, Eastern Europe, and Asia are reportedly evaluating the potential to follow BRICS’ lead in reducing reliance on the US dollar.

If these nations shift away from the dollar for trade settlements, the impact on the US economy could be severe, especially if the US government fails to keep the dollar central to global trade.

@ Newshounds News™
Source:  Watcher Guru

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Will U.S. Basel III Unleash Gold? BIS' New Reset Plan

Will U.S. Basel III Unleash Gold? BIS' New Reset Plan

Daniela Carbone:  5-5-2025

We could see a reset of some type that changes the whole system,” warns David Morgan, publisher of The Morgan Report. In an interview with Daniela Cambone, Morgan discusses the looming failure of the debt-based fiat monetary system, which he believes will ultimately lead to a financial crisis.

“We are not where the market says we are… the financial system has been illogical for a very long time.” He adds that we’re now in a “brisk walk” phase of gold accumulation, with central banks buying gold “hand over fist” as the public slowly begins to catch on.

 Meanwhile, “Silver is the Achilles heel of the entire financial system,” he says, indicating the metal’s disruptive potential to the current fiat structure.

 Key Facts:

 Silver is the Achilles heel of the entire financial system.

The run to gold has begun.

 Monetary reset is coming.

 The BIS has a plan for a new monetary system.

Chapters:

 00:00 Gold run has begun

05:29 Silver’s potential

07:54 Fiat currency

 09:46 Debt market

11:39 New financial system

12:22 Monetary reset

 13:35 Lower U.S. dollar

14:37 Strength of euro

 16:09 Gold bull market

16:16 Concluding words

https://www.youtube.com/watch?v=luHPPH2IaK8

U.S. Basel III Deadline Approaches as Central Banks Brace for Gold

U.S. Basel III Deadline Approaches as Central Banks Brace for Gold

Taylor Kenny:  5-4-2025

Basel III, gold, and the decline of the U.S. dollar—in this video, Taylor Kenney explains how global banking rules are quietly repositioning gold from a commodity to tier one money.

The world of finance and banking is undergoing a significant shift, with the new Basel III regulations repositioning gold from a commodity to tier one money.

This change, largely overlooked by main stream media, has profound implications for the global financial system, inflation, and the future of U.S. monetary dominance.

Taylor Kenney of ITM Trading explains that Basel III, an international framework for bank regulations, is driving this change.

The new rules require banks to hold more capital in the form of liquid assets, such as gold, to ensure financial stability in the face of potential crises.

This change has prompted central banks worldwide to stockpile physical gold, recognizing its enduring value and its role as a safe haven during economic turbulence.

The reclassification of gold as a tier one asset under Basel III signifies a return to its historical role as a reserve asset. Gold’s unique characteristics, including its scarcity, divisibility, and universal acceptance, make it an ideal store of value. Moreover, unlike fiat currencies, gold is not subject to counterparty risk, making it an attractive option for central banks seeking to bolster their reserves.

The shift towards gold as a reserve asset exposes the weaknesses in the current financial system. The U.S. dollar’s status as the world’s primary reserve currency has long been a cornerstone of U.S. economic power. However, the growing recognition of gold’s value and the increasing debt levels of the U.S. government have raised questions about the long-term viability of the dollar’s dominance.

Furthermore, the new regulations could have significant implications for global markets and inflation. As central banks accumulate more gold, demand for the precious metal is likely to increase, driving up its price. This, in turn, could lead to inflationary pressures, as the cost of goods and services linked to gold, such as jewelry and electronics, rises.

Additionally, the shift towards gold as a reserve asset could lead to a rebalancing of global economic power. Countries with significant gold reserves, such as Russia and China, could see their influence grow, potentially challenging the U.S.’s monetary dominance.

In conclusion, the Basel III regulations are driving a significant shift in the global financial system, repositioning gold as a tier one asset and challenging the U.S. dollar’s status as the world’s primary reserve currency.

 This change has profound implications for global markets, inflation, and the future of U.S. monetary dominance. As central banks stockpile physical gold, investors would be wise to take note of this trend and consider its potential impact on their portfolios.

https://www.youtube.com/watch?v=nEzdg7XMbx8

Seeds of Wisdom RV and Economic Updates Monday Afternoon 5-5-25

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HOUSE REPUBLICANS RELEASE DISCUSSION DRAFT OF A BILL TO REGULATE THE CRYPTO INDUSTRY AT LARGE

▪️ The discussion draft released on Monday includes language around the U.S. SEC and CFTC’s authority.

▪️ The draft also includes requirements around disclosures and outlines how “digital commodity exchanges” would be registered.

House Republicans have unveiled a discussion draft of a bill aimed at regulating the digital asset industry, building on years of legislative groundwork.

Leading the initiative are top Republicans on the House Financial Services Committee — Reps. French Hill and Bryan Steil — in collaboration with their counterparts on the House Agriculture Committee — Reps. Glenn "GT" Thompson and Dusty Johnson. The draft was officially released on Monday.

“We made historic progress in the 118th Congress to build bipartisan, bicameral consensus in crafting a functional regulatory framework for digital assets,” said Rep. Hill in a statement.

“Our discussion draft builds upon that work and provides much-needed regulatory clarity for the digital asset ecosystem by protecting consumers and safeguarding the long-term integrity of digital asset markets in the United States.”

Blueprint for the 21st Century

As previously reported by The Block, lawmakers planned to release the draft before a key hearing titled:

“American Innovation and the Future of Digital Assets: A Blueprint for the 21st Century.”

This new draft is expected to mirror last year’s Financial Innovation and Technology for the 21st Century Act (FIT21), which successfully passed the House.

What FIT21 Proposed

FIT21 was designed to clarify the regulatory lines between:

• The Securities and Exchange Commission (SEC)

• The Commodity Futures Trading Commission (CFTC)

It would grant more power and funding to the CFTC to oversee:

• Crypto spot markets

• Digital commodities — particularly Bitcoin

The bill would also establish parameters for how and when the SEC exercises jurisdiction over digital assets.

Key Components of the New Discussion Draft

The updated draft released Monday includes:

• Language detailing the authority of the SEC and CFTC

• A “pathway to raise funds under the SEC’s jurisdiction”

• A “clear process to register with the CFTC for digital commodity trading”

• Disclosure requirements for crypto projects

• Registration guidelines for “digital commodity exchanges”

 @ Newshounds News™
Source:  

~~~~~~~~~

ARIZONA SENATOR VOWS TO REINTRODUCE BITCOIN RESERVE BILL DESPITE GOVERNOR’S VETO

▪️ Governor Hobbs' veto did not deter Senator Rogers, who insists future leadership will embrace Bitcoin's potential.

▪️ Senator Wendy Rogers plans to reintroduce the Strategic Bitcoin Reserve (SBR) bill next session.

▪️ The vetoed bill aimed to allocate retirement funds into Bitcoin, drawing strong reactions from both sides.

Arizona State Senator Wendy Rogers has declared her intent to reintroduce her proposed Strategic Bitcoin Reserve (SBR) bill in the upcoming legislative session, despite a recent veto from Governor Katie Hobbs.

This marks a historic first — the first formal rejection of a crypto initiative by a sitting U.S. governor.

 “Politicians don’t understand that Bitcoin doesn’t need Arizona. Arizona needs Bitcoin. I will refile my bill next session.”
— Senator Wendy Rogers

About the SBR Bill (Senate Bill 1025)

The bill, officially called Senate Bill 1025, would have:

• Authorized the Arizona state treasurer to allocate part of the state’s retirement funds to Bitcoin

• Passed both chambers of the Arizona legislature without changes

• Been vetoed by Governor Hobbs, who cited concerns over volatility and long-term risk

Despite the rejection, Senator Rogers remains confident that future administrations may take a more favorable stance.

“If she vetoes it again, I am sure Governor Andy Biggs will be happy to take credit for signing the bill for this already proven (16 years!) innovation that will protect our wealth.”
— Senator Rogers

Current Exposure to Bitcoin

Interestingly, Arizona’s State Retirement System (ASRS) already has indirect exposure to Bitcoin through investments in Strategy, the largest corporate holder of the asset, according to Julian Fahrer, founder of Bitcoin Laws.

What’s Next for Arizona?

Though SB1025 is currently off the table, crypto legislation in Arizona is far from over. Another proposal — Senate Bill 1373 — is still under review.

🟩 Key Differences in SB1373:  Does not involve retirement funds

• Seeks to allow the state to retain and manage cryptocurrencies obtained through seizures or appropriated assets

However, given Governor Hobbs’ resistance to 

SB1025, it’s unclear whether she would support SB1373 — even though some believe its administrative nature may give it a better shot at approval.

@ Newshounds News™
Source:  CryptoSlate

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SAY NO TO CRYPTO LEGISLATION, SENATOR WARREN URGES SENATE ON SHADY TRUMP DEAL

Senator Elizabeth Warren has criticized the Trump family’s involvement in the crypto industry, particularly the newly launched USD1 stablecoin.

▪️ Backed by US Treasuries, USD1 will reportedly serve as the settlement currency for a $2 billion investment from Abu Dhabi-backed MGX.
▪️ Warren has raised alarm about the GENIUS Act, which aims to establish a US regulatory framework for stablecoins.
▪️ She alleges the bill could facilitate financial profiteering by Trump and his associates, labeling it as a move that "greenlights corruption".

US Senator Elizabeth Warren has raised major red flags about Donald Trump’s association with the crypto industry and the recent $2 billion deal backed by the United Arab Emirates, calling it a pathway to huge corruption. As a result, she has urged the US Senate to stop the crypto legislation and the GENIUS Act, ahead of this week.

Senator Warren Attacks USD1 Stablecoin

In her fresh attack on the Trump family, Massachusetts Senator Elizabeth Warren referred to the newly launched USD1 stablecoin, backed by short-term US Treasuries. This stablecoin has been issued by Donald Trump’s DeFi project, World Liberty Financial.

The global stablecoin market currently surpasses $245 billion in circulation. According to CoinGecko, USD1 ranks seventh among stablecoins, with most being backed by short-term US Treasuries and other real-world debt instruments.

World Liberty’s USD1 will play a pivotal role as the settlement currency for MGX’s $2 billion investment in Binance, the global cryptocurrency exchange.

Abu Dhabi’s sovereign wealth fund is backing MGX, with Witkoff publicly announcing the deal last week during a crypto convention in Dubai, seated alongside Eric Trump.

Stop Crypto Legislation aka GENIUS Act

Senator Elizabeth Warren has been actively questioning Donald Trump’s association with the crypto industry, adding that the President and his peers are filling up their pockets by bending the rules.

While referring to the crypto legislation aka the GENIUS Act last week, which seeks to establish the first US regulatory framework for stablecoins, Senator Warren said:

“This is a bill that would make it even easier for the president and his family to profit off their own stablecoin and oversee their own financial company.”

While further questioning the Senate’s inaction in a Trump-associated crypto deal, Senator Warren called it “corruption in plain sight”. She warned that by advancing related legislation, lawmakers are effectively “greenlighting the grift.”

The GENIUS Act bill, sponsored by Senator Bill Hagerty (R-TN), gained bipartisan backing in March when it passed the Senate Banking Committee and is set for a floor vote this week.

@ Newshounds News™
Source:  CoinSpeaker

~~~~~~~~~

CARDANO JOINS LINUX FOUNDATION’S CONFIDENTIAL COMPUTING CONSORTIUM

Cardano has become the newest member of the Linux Foundation’s Confidential Computing Consortium (CCC), a move that places the open-source blockchain alongside tech giants like Microsoft and Amazon in the fast-growing arena of hardware-based data protection.

The announcement came during a one-hour “Midnight Booth” fireside chat at Consensus, where Charles Hoskinson (CEO of Input Output) and Eran Barak (CEO of the Midnight development company) laid out how confidential computing will anchor Cardano’s privacy-first sidechain, Midnight.

“We just recently joined the Confidential Computing Consortium... We’re right there with Microsoft and Amazon with Nitro,” Hoskinson told the audience.

Cardano’s Entry into Hardware-Based Privacy

The CCC sets cross-industry specifications for enclave-based security. Cardano’s membership signals an intent to align Midnight’s zero-knowledge roll-ups and DID (Decentralized Identifier) stack with emerging hardware security standards rather than relying purely on cryptographic approaches.

“Midnight basically clicks into all of those different things… you actually get paid for sharing these things as opposed to it all goes to the Magnificent Seven,” said Hoskinson, referencing dominant Big Tech firms.

Cardano Takes Next Step in Secure Blockchain

Hoskinson traced the inspiration for Midnight to “a bar in Tel Aviv” during Eurocrypt 2018, where a debate on zero-knowledge proofs matured into a new sidechain project featuring:

• A Stark-based execution engine (“Kachina”)

• A dual-token economic model:

• “Knight” for governance

• “Dust” for metered capacity

• Selective-disclosure controls using W3C DIDs

“Enterprise adoption hinges on hardware-rooted trust,” said Barak.
“Confidential computing supplies that final layer.”

Why Confidential Computing Matters

“When you think about protecting your data, you really need to protect the data and the metadata,” said Barak.

By joining the CCC, Cardano gains influence in shaping:

• Chipset specifications

• Enclave attestation protocols

• Open-source reference code

Midnight aims to become the secure foundation that enables AI to access private data without violating user rights.

Regulatory Design: The Two-Asset Model

The session highlighted Midnight’s design that splits volatile and stable components:

• “Knight” = value-accruing governance token

• “Dust” = stable, non-speculative usage token

“You get your cake and eat it, too… developers can pay in Bitcoin or Ether or Solana... end users won’t notice they’re using a different system,” said Hoskinson.

This sidesteps common regulatory concerns seen in privacy coins like Monero, by separating consensus incentives from fee mechanisms.

Hardware-Backed Privacy for Compliance

Confidential computing strengthens blockchain privacy at the hardware level:

• Enclave-based execution seals wallet keys, ZK circuits, and DID registries

• Cryptographic attestation allows regulators to verify compliance

“Selective disclosure is an absolute necessity,” Hoskinson emphasized.
“Disclosure rules can be embedded in smart contracts, and exchanges decide compliance.”

Looking Ahead: Tokenized Assets and Enterprise Use

Cardano’s CCC membership coincides with a growing push toward tokenizing real-world assets, a market Hoskinson estimates at:

• $10+ trillion today

• $100 trillion in the future

Midnight must interoperate with both legacy financial venues (e.g., NYSE) and on-chain liquidity pools.

“You want broker-dealers, compliance, circuit breakers, and blockchain tech... Midnight is the only way to really do that,” he said.

2,000+ Builders Already on Midnight

Barak reported over 2,000 testnet developers building projects including:

• Dark-pool trading prototypes

• Encrypted medical record systems

• Jet engine carbon-credit tracking

Because code/state is encrypted, even IO’s team cannot inspect what is deployed—ensuring privacy-first development.

“If we finally bring blockchain technology with privacy businesses actually need, the innovation is just unbelievable,” Barak concluded.

@ Newshounds News™
Source:  Bitcoinist

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PRO-CRYPTO DEMOCRATS PULL SUPPORT FOR STABLECOIN BILL IN LAST MINUTE

A group of nine US Senate Democrats say they will oppose the stablecoin bill in its current form, threatening its chances of passing.

A group of US Senate Democrats known for supporting the crypto industry have said they would oppose a Republican-led stablecoin bill if it moves forward in its current form.

The move threatens to stall legislation that could establish the first US regulatory framework for stablecoins, according to a May 3 report from Politico.

Per the report, nine Senate Democrats said in a joint statement that the bill “still has numerous issues that must be addressed.” They warned they would not support a procedural vote to advance the legislation unless changes are made.

Among the signatories were Senators Ruben Gallego, Mark Warner, Lisa Blunt Rochester and Andy Kim — all of whom had previously backed the bill when it passed through the Senate Banking Committee in March.

The bill, introduced by Senator Bill Hagerty, is formally known as the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act.

Senate prepares to vote on stablecoin bill

The Senate is expected to begin floor consideration of the bill in the coming days, with the first vote potentially taking place next week.

The bill has been championed by the crypto industry as a landmark step toward regulatory clarity. However, the Democrats’ about-face reflects growing unease within the party.

Although revisions were made to the bill after its committee approval to address Democratic concerns, the lawmakers said the changes fell short. They called for stronger safeguards related to:

• Anti-Money Laundering

• National Security

• Foreign Issuers

• Accountability measures for noncompliant actors

The statement was also signed by Senators Raphael Warnock, Catherine Cortez Masto, Ben Ray Luján, John Hickenlooper and Adam Schiff.

Senator Kirsten Gillibrand and Senator Angela Alsobrooks were absent from the list, who co-sponsored the bill alongside Hagerty.

Despite their objections, the Democratic senators emphasized their commitment to shaping responsible crypto regulation. They reportedly said they “are eager to continue working with our colleagues to address these issues.”

Crypto needs a stablecoin bill

On April 27, Caitlin Long, founder and CEO of Custodia Bank, criticized the US Federal Reserve for quietly maintaining a key anti-crypto policy that favors big-bank-issued stablecoins, despite relaxing crypto partnership rules for banks.

Long explained that while the Fed recently rescinded four prior crypto guidelines, a Jan. 27, 2023, statement was left intact in coordination with the Biden administration.

The guidance, according to Long, blocks banks from engaging directly with crypto assets and prohibits them from issuing stablecoins on permissionless blockchains.

However, Long noted that once a federal stablecoin bill becomes law, it could override the Fed’s stance. “Congress should hurry up,” she urged.

@ Newshounds News™
Source:  CoinTelegraph

~~~~~~~~~

BRICS ACCELERATES CURRENCY SHIFT WITH NEW TRADE TOOLS AND PAYMENT SYSTEMS

BRICS nations are turbocharging their break from Western-dominated finance, advancing local currency trade, cross-border payment systems, and groundbreaking investment platforms to empower the Global South.

BRICS Ministers Push Local Currencies, Cross-Border Payment Plan, and New Investment Platforms

Foreign ministers from the BRICS countries highlighted their commitment to shifting away from reliance on dominant global currencies during a meeting in Rio de Janeiro earlier this week. The official Chair’s Statement from the Meeting of BRICS Foreign Ministers emphasized expanding the use of local currencies in trade and financial transactions within the bloc and with partner countries.

The meeting, hosted under Brazil’s 2025 BRICS Chairship, underscored the group’s intention to enhance economic sovereignty and regional cooperation through new monetary tools. The statement details:

The ministers underscored the importance of the enhanced use of local currencies in trade and financial settlements between BRICS countries and their trade partners.

They referenced paragraph 66 of the Kazan Declaration, which directs finance ministers and central bank governors to continue examining the use of:

• Local currencies

• Payment instruments and platforms

This includes assessing the feasibility of a BRICS cross-border payments initiative, known as BRICS Clear, and enhancing the bloc’s reinsurance capacity, with a mandate to report findings to BRICS leaders. These initiatives are viewed as essential to:

• Deepening financial integration among BRICS members

• Reducing vulnerabilities associated with external economic shocks

The group also reaffirmed its commitment to fostering investment within its own ranks and across the Global South. The statement notes:

They emphasized the importance of continuously expanding local currency financing and strengthening innovation in investment and financing tools and acknowledging the initiative to create new investment platform to boost investment flows into BRICS countries and the Global South mechanisms.

This strategy aligns with broader goals of:

• Financial inclusivity

• Economic resilience

• A transition toward a multipolar economic system that better reflects the interests of emerging markets and developing countries

The focus on local currencies and financial platforms complements ongoing discussions around BRICS-led alternatives to existing global payment systems. Ministers are expected to deliver concrete proposals for BRICS leaders to review, building on the momentum created by prior declarations and new institutional frameworks designed to accelerate intra-bloc economic collaboration.

@ Newshounds News™
Source:  Bitcoin News

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