Seeds of Wisdom RV and Economic Updates Sunday Afternoon 6-22-25

Good Afternoon Dinar Recaps,

Texas Governor Greg Abbott Signs Strategic Bitcoin Reserve Bill Into Law

Texas becomes the first U.S. state to establish a publicly-funded, stand-alone Bitcoin reserve.

Texas Governor Greg Abbott has signed a groundbreaking piece of legislation into law, making Texas the third U.S. state to formally establish a strategic Bitcoin reserve, following in the footsteps of Arizona and New Hampshire.

However, Texas distinguishes itself by creating the first stand-alone, publicly funded Bitcoin reserve, independent of the state treasury. The newly enacted Senate Bill 21 (SB 21) assigns oversight of the reserve to the Texas Comptroller of Public Accounts, Glenn Hegar, rather than the state’s general financial administration.

“We can buy land, we can buy gold; I think the state of Texas should have the option of evaluating the best performing asset over the last 10 years,”
— State Senator Charles Schwertner, bill author.

In tandem, House Bill 4488 (HB 4488) was also signed into law. This measure insulates the Bitcoin reserve—and other designated state funds—from the state treasury’s routine ‘fund-sweeps’ into general revenue. The law also guarantees the legal existence of the reserve, even if no Bitcoin is purchased before the 2026 fiscal deadline.

Strategic Investment on the Horizon

The Texas Blockchain Council expects the Lone Star State to commit significant capital to the fund. Its founder and president, Lee Bratcher, stated that the investment would likely reach tens of millions of dollars:

“While it sounds significant, it is a very modest amount for a state the size of Texas,”
— Lee Bratcher, Texas Blockchain Council.

Bratcher emphasized that all investment decisions—regarding how much Bitcoin to purchase and when—will be made solely by professionals at the Comptroller’s office, following standard institutional investment practices.

A Quiet but Symbolic Move

Notably, neither SB 21 nor HB 4488 were featured in the Governor’s official press release highlighting 16 “critical” new laws. Abbott signed a total of 334 bills on Saturday.

Despite its low-profile announcement, the legislation marks a strategic shift in the financial positioning of one of America’s largest and most economically influential states. Analysts say this could spark broader state-level crypto adoption and further legitimize Bitcoin as an emerging reserve asset.

@ Newshounds News™
Source: The Block   

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BRICS to Launch New Investment Platform to Rival Western Financial Dominance

Putin and Xi propose alternative capital structure to counter U.S. dollar and IMF influence ahead of 17th BRICS Summit.

In a bold move to reshape global finance, Russia and China have jointly proposed the creation of a new BRICS investment platform aimed at strengthening member economies and challenging the Western-led financial system.

The proposal, introduced by Presidents Vladimir Putin and Xi Jinping ahead of the upcoming 17th BRICS summit in July, outlines a strategic realignment to support growth in the Global South, while deepening intra-BRICS cooperation.

New BRICS ‘Investment Platform’ — What’s the Vision?

The initiative focuses on boosting investment in technology, education, trade, and finance, creating a self-reliant financial ecosystem for BRICS members. Putin emphasized:

“We must multiply the volume of capital investment… Our countries need to step up cooperation in areas such as technology, education, trade, and finance.”

According to the Kremlin, the presidents shared updates in a bilateral phone conversation and signaled urgency in advancing the platform from concept to implementation.

Alternative to Western Institutions

This proposed platform would provide independent capital channels, enabling BRICS nations to reduce reliance on the US dollar and international financial institutions like the IMF.

Should the initiative gain consensus at the July summit, it would mark a major step toward monetary sovereignty for BRICS and possibly other emerging market economies.

The investment platform could also introduce new financing tools, including local currency issuance to support cross-border trade among developing and least-developed countries (LDCs). The mechanism would serve as a strategic counterbalance to dollar-based global trade.

A Financial Shift on the Horizon

Analysts say this platform, if successfully adopted, may catalyze a fundamental shift in global capital flows, giving BRICS nations a competitive alternative to the Western-dominated banking ecosystem.

As BRICS continues to expand its influence—both through de-dollarization and strategic alliances—this initiative could become a cornerstone of emerging market resilience in the decade ahead.

@ Newshounds News™
Source: Watcher.Guru   

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Scary Scenario in Strait of Hormuz Could Trigger Global Energy Crisis

Scary Scenario in Strait of Hormuz Could Trigger Global Energy Crisis

Liberty and Finance:  6-21-2025

As the Israel-Iran conflict continues to unfold, prominent financial and geopolitical analysts are closely scrutinizing the potential ramifications for the already volatile global energy market.

Doomberg, known for their sharp insights and often contrarian views, recently joined Liberty and Finance for a discussion where they painted a concerning picture, highlighting the significant risk of Iran closing the Strait of Hormuz and severely disrupting global oil supplies.

The Strait of Hormuz, a narrow waterway between Oman and Iran, is a critical chokepoint through which a substantial portion of the world’s oil passes.

A closure, even temporary, could send shockwaves through the energy market, leading to dramatic price spikes and potentially impacting global economic stability. Doomberg’s analysis raises serious concerns about the potential for such a scenario to unfold, particularly given the escalating tensions in the region.

Beyond the immediate energy crisis, Doomberg also delved into the underlying factors that contribute to the US’s recurring involvement in overseas conflicts. They explored the complex interplay of geopolitical interests, economic considerations, and political pressures that often lead to intervention, prompting a critical examination of American foreign policy.

The conversation also touched on the current state of the gold market. Doomberg offered their perspective on the precious metal’s performance, considering factors like inflation, interest rates, and geopolitical uncertainty. Understanding their stance on gold provides valuable insights for investors navigating the current economic landscape.

Finally, the discussion turned to Germany’s potential pivot back to nuclear energy. In the wake of the energy crisis exacerbated by the war in Ukraine, Germany is facing increasing pressure to reconsider its reliance on fossil fuels and renewable energy sources.

Doomberg weighed in on the feasibility and potential impact of a resurgence in nuclear power within the German energy mix.

To gain a comprehensive understanding of Doomberg’s perspectives on these crucial issues, viewers are encouraged to watch the full video interview on Liberty and Finance.

The insightful discussion provides a valuable framework for understanding the complex challenges facing the global energy market and the broader geopolitical landscape. The interview offers critical analysis for anyone seeking to navigate the uncertainties of the current world order.

https://youtu.be/Hxbdx2vktO0

Seeds of Wisdom RV and Economic Updates Sunday Morning 6-22-25

Good Morning Dinar Recaps,

XRP Ledger Sets Record with Over 5.1 Million Transactions — Network Signals Institutional Readiness

The XRP Ledger (XRPL) has recorded its most active day ever, surpassing 5.1 million transactions on June 15, with analysts citing the network’s stability, scalability, and increasing user participation as major indicators of institutional-grade performance.

Genuine Activity Drives Unprecedented Growth

Unlike some chains that inflate metrics with automated activity, the XRPL’s surge was reportedly driven by real user demand. According to blockchain analyst Ripple Van Winkle, the record-breaking day included a mix of NFT minting, asset transfers, and decentralized trading.

“No system delays, no spikes in fees — XRPL handled it flawlessly,”
Van Winkle said. “It’s a rare combination of performance and composure in volatile conditions.”

XRPL Shows Signs of Institutional-Scale Maturity

Observers say XRPL’s low transaction fees and smooth performance under pressure are clear signs the network is ready for institutional integration. The ability to maintain throughput and cost stability even during peak load is drawing comparisons to the invisible infrastructure of the internet.

“Institutions want boring reliability, not flashy experiments. XRPL is starting to look like the TCP/IP of crypto — invisible, stable, critical,”
Van Winkle added.

New data from RippleXity and Glassnode supports this narrative:

• Over 7.1 million wallets are now registered on the XRP Ledger.

• Wallets holding 1 million+ XRP have climbed above 2,700, a new record.

XRP Price Slips as Long-Term Investors Realize Profits

Despite the network’s momentum, XRP’s token price has declined, down nearly 15% this month and trading near $2.07, according to BeInCrypto.

Blockchain analytics firm Glassnode reports that long-term holders are realizing gains, with an average of $68.8 million in daily profits cashed out in early June. Many of these investors accumulated during XRP’s pre-rally phase in late 2024, when the asset surged to $3.36 in January 2025.

“XRP is still trading more than 3x above its pre-rally base from November 2024,”
Glassnode stated, noting some whales may be strategically exiting positions.

Analysts: Short-Term Weakness, Long-Term Promise

While current price action is under pressure, analysts believe this is a temporary consolidation, not a structural weakness. They point to strong network fundamentals, increasing developer activity, and growing traction in tokenized assets — including stablecoins like USDC and tokenized U.S. Treasuries launching on XRPL.

As utility grows and market rotation slows, XRP could be poised for another leg up once the profit-taking cycle winds down.

@ Newshounds News™
Source: BeInCrypto

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“Tidbits From TNT” Sunday Morning 6-22-2025

TNT:

Tishwash:  Oil expert: Closing the Strait of Hormuz is currently unlikely... and why?

Oil expert Hamza Al Jawahiri ruled out the possibility of closing the Strait of Hormuz at the present time, unless the United States intervenes directly in any military conflict.

 Al-Jawahiri told Al-Furat News Agency, "Closing the strait is not in the interest of Iran and the Gulf states if America does not intervene directly."

He added, "All countries will be harmed by closing the strait, and the damage will be great for Iraq in particular, given its heavy dependence on oil revenues.

" Al-Jawahiri pointed out that "even if the strait is closed, it will only last for a few hours or days, as it is considered a vital artery that transports 30% of crude oil heading to global markets."  link

Tishwash:  Following threats from Iraqi factions, the Pentagon told Shafaq News: We are strengthening our capabilities while maintaining a "defensive posture."

The US Department of Defense confirmed, in an official response to Shafaq News Agency inquiries, that it has sent additional military capabilities to the Middle East. This comes at a time of escalating tensions over the ongoing conflict between Israel and Iran, and amid public threats from Iraqi armed groups loyal to Tehran to target US interests if Washington intervenes on Tel Aviv's behalf.

A Pentagon spokesperson told Shafaq News Agency that the official position issued by US Secretary of Defense Pete Hegseth is to enhance the capabilities of the US Central Command (USCENTCOM), without revealing the nature of those capabilities or their locations.

In a separate post, Department of Defense spokesman Sean Parnell explained that "US forces remain in a defensive posture," indicating that Washington is not seeking direct military escalation at this time.

The ministry declined to disclose whether it had engaged directly with the Iraqi government to contain threats posed by armed factions, or the nature of the expected response if US facilities or forces were attacked inside Iraq, referring only to the public statements of senior Pentagon officials.

Prominent Iraqi factions, such as Kata'ib Hezbollah and Harakat al-Nujaba, have escalated their warning tone, declaring their readiness to target US sites in Iraq and Syria if the United States intervenes militarily against Iran in the ongoing escalation.

The approximately 2,500 US troops deployed in Iraq are deployed as part of a training and support mission for Iraqi forces and the international coalition against ISIS. However, these forces have been the frequent target of missile and drone attacks since 2020, with attacks escalating following the assassination of Iranian General Qassem Soleimani and the deputy head of the Popular Mobilization Forces, Abu Mahdi al-Muhandis.

The latest US position comes at a time when the region is witnessing an unprecedented escalation on the ground, with Israel and Iran exchanging military strikes amid fears that the conflict could expand to new arenas, most notably Iraq, Syria, and Lebanon.  link

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Tishwash:   Prime Minister's Advisor: The country's financial situation is secure

The Prime Minister's Financial Advisor, Dr. Mazhar Mohammed Salih, stated that Iraq's financial situation remains within safe limits, despite regional tensions resulting from the Israeli aggression against Iran. He noted that the country possesses clear financial tools and hedges in the three-year general budget law that enable it to absorb potential shocks.

Saleh said, in an interview with Al-Sabah, followed by Al-Eqtisad News, that “the general budget for the three years (2023-2025) was prepared according to a medium-term financial policy, which includes hedging within the upper spending ceilings, as it was set between an upper limit of 200 trillion dinars, and a lower limit of more than 155 trillion dinars, which ensures meeting the state’s operational and investment obligations.”

He explained that "this hedge is based on the movement of the oil asset cycle, and a hypothetical deficit of 64 trillion dinars has been adopted, which is supposed to be financed in the event of a price decline, which constitutes a strong precaution against any sharp fluctuations in the global oil market."

He explained that "the last two months have indeed witnessed signs of a price contraction in the oil market, but the geopolitical tensions resulting from the war between Iran and the Zionist entity caused a positive price shock, raising oil prices by about $10 per barrel, which improved the country's revenues, although this is fraught with risks related to the security of navigation in the Strait of Hormuz, through which 99% of Iraq's oil exports pass."

The advisor added, "The Iraqi economy is currently supported by a foreign exchange reserve, which is a fundamental pillar of stability, covering 15 months of trade, in addition to the availability of commodity stocks, some of which extend for more than three years, and food security indicators are very reassuring."

Saleh concluded his remarks by emphasizing that "Iraq's fiscal policy is built on a foundation of caution and forward-looking planning to ensure it can address any potential external repercussions, including those that may result from regional conflicts or oil market turmoil." link

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Seeds of Wisdom RV and Economic Updates Saturday Afternoon 6-21-25

Good Afternoon Dinar Recaps,

China Dumps $8.2 Billion in US Treasuries in Bold BRICS Counter-Attack

China has escalated its BRICS-led economic challenge to the United States by offloading $8.2 billion in U.S. Treasury bonds in April 2025. The aggressive move follows new U.S. tariffs imposed by President Trump in early April, signaling a major economic realignment by the world’s second-largest economy.

China Unwinds Dollar Holdings in Strategic Shift

According to the U.S. Treasury Department, China’s sell-off is part of a larger trend away from U.S. dollar-denominated assets, a key plank in BRICS’ de-dollarization strategy.

In April 2025 alone, China sold $8.2 billion in U.S. Treasuries, accelerating its broader push to cut financial ties with the U.S. and accumulate gold and other non-dollar assets in its central bank reserves.

Beijing’s Treasury holdings, once at $1.35 trillion in FY 2012–13, have plummeted to $757 billion as of April 2025 — a 44% decline over 13 years and a clear signal of long-term decoupling.

Diversifying Away from the Dollar

China is not just reducing exposure to U.S. debt — it's also diversifying its reserves into gold and other local currencies, aiming to reduce dependence on the U.S. dollar and strengthen the BRICS bloc’s financial autonomy.

“China’s April reduction in US Treasury holdings is mainly due to the need for diversified foreign exchange reserve allocation,”
said Xi Junyang, professor at Shanghai University, to the Global Times.

He added that this trend may continue, noting China has been aggressively selling off Treasuries since 2022.

Implications for U.S. Deficit Funding

China remains the third-largest holder of U.S. Treasury debt, behind only Japan and the United Kingdom. If BRICS nations or other developing economies follow China’s lead, the United States could face serious difficulties funding its growing deficit.

This latest financial move is widely seen as a BRICS countermeasure to Trump’s trade tariffs and broader economic confrontation with the West.

A Steep Strategic Realignment

China’s evolving Treasury strategy signals more than portfolio diversification — it reflects a geopolitical shift designed to:

• Undermine the U.S. dollar’s global supremacy,

• Strengthen BRICS internal economic resilience, and

• Accelerate a multipolar global financial system that challenges traditional Western institutions.

With the dollar’s role as the global reserve currency increasingly under scrutiny, China’s decisive actions may mark a tipping point in the ongoing East-West economic realignment.

@ Newshounds News™
Source: Watcher.Guru

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Hello, World!

Fed Rate Cut? Bubba Calls it a ‘Horrific Mistake’ that will Bankrupt Main Street

Fed Rate Cut? Bubba Calls it a ‘Horrific Mistake’ that will Bankrupt Main Street

Daneila Cambone:  6-20-2025

Veteran trader Todd “Bubba” Horwitz, founder of BubbaTrading.com, is sounding the alarm about a significant downturn brewing in the stock market. In a recent interview with Daniela Cambone on ITM Trading, Horwitz minced no words, predicting that “the next lows will take out the previous lows in the NASDAQ, the S&P, and the Dow.”

Horwitz’s grim outlook isn’t based on gut feeling, but rather on troubling underlying market dynamics. His primary concern is the severe lack of participation in the current market rally.

 “Only 4–5% of the people in the population are trading these markets right now,” he explains, highlighting an alarming disconnect between the market’s perceived strength and the actual investor base. This limited participation, coupled with significantly reduced trading volume – “Volume is at about 50% of normal” – paints a picture of a fragile and unsustainable market propped up by a select few.

Beyond the market’s internal weaknesses, Horwitz also voiced strong opinions on monetary policy, particularly the potential for a rate cut. He believes that lowering interest rates would be a “horrific mistake,” arguing that such manipulation disproportionately benefits banks and the wealthy, leaving the average American behind.

 This statement underscores his belief that current economic policies are exacerbating wealth inequality and further distorting the market’s true value.

While pessimistic about the near-term prospects for equities, Horwitz remains firmly bullish on gold. He predicts that the precious metal will eventually reach $5,000 per ounce, a significant increase from current levels. However, he also anticipates a short-term pullback in gold prices before the anticipated long-term surge. This suggests that while he views gold as a safe haven in the long run, investors should be prepared for potential volatility in the near future.

Horwitz’s stark warnings and insightful analysis offer a critical perspective on the current market landscape. He urges investors to look beyond the headlines and examine the underlying data, which he believes points towards an imminent market correction.

Investors looking to understand Horwitz’s detailed analysis and reasoning are encouraged to watch the full video interview from ITM Trading for a comprehensive understanding of his market predictions and investment strategies.

Ultimately, Horwitz believes that understanding the current market vulnerabilities is crucial for navigating the potential challenges ahead.

https://youtu.be/UoH_TNos_lE

“Tidbits From TNT” Saturday 6-21-2025

TNT:

Tishwash:  The budget includes... next Saturday's parliament session.

Member of Parliament Mohammed Al-Ziyadi confirmed that "the House of Representatives will begin its sessions on Saturday, as part of the final legislative term, after the legislative recess was canceled." He noted that the parliament's agenda includes a number of important laws that are a priority for the next phase.

Al-Ziyadi said on Thursday, in a statement seen by Al-Masry, that "the Iraqi parliament will resume its sessions starting next Saturday, after a decision was issued to cancel the legislative recess."

He added, "Among the most prominent laws that will be discussed and approved during this session are the law restructuring the Popular Mobilization Forces, amending the Industrial Investment Law, and the Education Law, in addition to voting on the 2025 budget schedules." link

Tishwash:  The Central Bank of Iraq Organizes a Workshop on National and Sector Assessment Procedures

The Central Bank of Iraq's Erbil Branch organized a training workshop on "National and Sector Assessment Procedures," attended by the Director General of the Erbil Branch, in cooperation with the Center for Banking Studies and the Compliance Supervisor's Office at the Central Bank of Iraq.

The workshop was attended by a group of private banks, non-banking financial institutions, and electronic payment companies operating in the region.

The workshop also addressed Anti-Money Laundering and Terrorist Financing Law No. (39) of 2015 and the Financial Action Task Force (FATF) recommendations, as well as the national assessment of money laundering and terrorist financing risks based on international standards.

The workshop focused on practical applications and operational risk assessment, and presented real-life case studies that contributed to enriching the discussion and developing the participants' analytical skills.

The lecturers emphasized the importance of private banks, non-banking financial institutions, and electronic payment companies adhering to updated compliance policies and effective cooperation between relevant units to ensure a cohesive banking environment that keeps pace with international standards and embodies the Central Bank of Iraq's vision in this regard.

This workshop comes as part of the vision of the Center for Banking Studies at the Central Bank of Iraq and the Office of the Compliance Controller of the Central Bank to prepare a qualified banking generation capable of meeting modern regulatory challenges and instilling a culture of compliance as the cornerstone of sound banking governance.

Central Bank of Iraq

Media Office

June 18, 2025   link

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Tishwash:  Early Warning"... Closing the US Embassy in Baghdad Will Be Followed by an Unprecedented Event

 Member of the Parliamentary Security and Defense Committee, Mohammed Al-Shammari, warned on Friday of the "danger" of closing the US embassy in Baghdad, considering it an "early warning" of an unprecedented security event that Iraq and the region may witness.

Al-Shammari told Shafaq News Agency, "The closure of the US embassy is a dangerous sign and a warning that the United States and Israel may carry out a dangerous act that requires the evacuation of the embassy staff." He stressed that "these indicators require political and security preparation within Iraq."

He added, "The Parliamentary Security and Defense Committee is a regulatory and legislative body, and it is its duty to investigate the mechanisms behind Iraq's weak defense, which is largely due to the lack of financial sovereignty."

He explained that "Iraq does not possess full sovereign power, because oil revenues go to the US Federal Reserve, which controls the transfer of funds to Baghdad." He noted that "if Iraq concludes any arms contract with a country that Washington does not approve of, the US Federal Reserve will refrain from making the transfer."

Al-Shammari pointed out that "if the money were in Iraq's hands, its armaments, salaries, and retirement would be national," adding that "sovereignty is not just air and land sovereignty, but begins with financial sovereignty."

Regarding the departure of US forces, Al-Shammari confirmed the existence of a binding agreement stipulating their complete withdrawal from the country by 2026, noting that "the withdrawal will be in accordance with a timetable agreed upon by both parties."

Earlier on Friday, the US Embassy in Iraq issued a statement to Shafaq News Agency, stating that "there has been no change to the operational status of the Embassy in Baghdad and the Consulate General in Erbil."

She added, "The United States is firmly committed to advancing its policy priorities in Iraq, strengthening its sovereignty, and engaging with Iraqi leaders and the Iraqi people."

Last week, the US Embassy in Baghdad issued a security alert warning American citizens of the increased possibility of violence or attacks against its interests in Iraq .

In a statement seen by Shafaq News Agency, the embassy called on all American citizens in Iraq to avoid places frequented by foreigners, in addition to avoiding large gatherings and crowds .

The embassy affirmed that it will continue to closely monitor the security situation and provide necessary updates as they become available. The US State Department maintains its travel warning for Iraq at Level 4 (No Travel ).

Last Sunday, Kata'ib Hezbollah in Iraq threatened to target US interests and bases across the region if Washington intervenes militarily in the ongoing war between Iran and Israel. The group also sent a message to the Iraqi government and the Coordination Framework. link

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Mot . Here Ya Go -- When Ya Has a Daughter!!!

Iraq Economic News and Points To Ponder Saturday Morning 6-21-25

Low Inflation Or Early Warning? The Reality Of The Iraqi Economy According To Inflation Data.

Economy  2025-06-20 | 04:03  656 views  Alsumaria NewsThe   Iraqi Statistical Authority announced that the monthly inflation rate in the country declined by 0.3% during the month of April, while the annual general inflation rate recorded 1.6%, and core inflation 0.6%.

However, it is noteworthy that food prices continued to rise annually by 3.2%, despite the decline in the prices of bread, meat, and fish. This is due to sharp jumps in the prices of fruits and vegetables, which rose by 13.7% and 8.4%, respectively, according to the economic expert.Manar Al-Abidi.

He saysAl-ObaidiIn a blog post, it was noted that tobacco prices declined by a significant 26%, while clothing and footwear prices saw a slight annual increase of 2%. Household appliances recorded a 1% decline, while furniture and office equipment prices rose by 0.5%.

In terms of geographical distribution, the annual inflation rates by region were as follows:
Kurdistan: 1.1%
Central Governorates: 1.4%
Southern Governorates: 3.1%

It shows that the decline in prices, despite its positive impact on the citizen, especially in sectors such as electrical appliances and furniture, mayReflectsA market recession is a result of weak consumer confidence, limited liquidity, and declining financing for the private sector, particularly given the weak insurance services provided by financial institutions.

Although lower inflation may appear to be a positive indicator, it may also be a bellwether.warningA recession threatens to reduce private sector job opportunities and weaken the competitiveness of local products due to rising costs.

This could lead to further pressure on the public sector, given the high unemployment rates, according to Al-Obaidi, who stresses that close monitoring of economic indicators is required, and serious steps are taken to stimulate economic activity and support the private sector, to prevent signs of recession from turning into a broader crisis affecting the entire Iraqi economy.   LINK

The First Meeting Of The Special Committee For Establishing The Iraqi Media City

Posted on2025-06-20 by sotaliraq   June 20, 2025:   The Special Committee for the Establishment of the Iraq Media City held its first meeting, chaired by the Deputy Minister of Culture, Tourism and Antiquities, Fadel Al-Badrani. A statement from the Baghdad Governorate stated that the Technical Deputy Governor of Baghdad, Mr. Hani Al-Rubaie, participated in the first meeting of the committee in charge of establishing the Iraq Media City, which was held under the chairmanship of Dr. Fadel Al-Badrani, Undersecretary of the Ministry of Culture and Information.

He explained that the meeting was attended by a number of prominent media and artistic figures, including: Mohammed Al-Rubaie, Director General of the Directorate of Relations and Media in the Baghdad Municipality; Jabbar Judy, Director General of the Cinema and Theater House; Alaa Majeed, Director General of the Department of Musical Arts; Ali Sabah, representative of the Iraqi Media Network; Jabbar Trad, representative of the Iraqi Journalists Syndicate; and Mazen Mohammed, representative of the Iraqi Artists Syndicate.

He added that this meeting comes within the framework of efforts aimed at establishing an integrated media city, aiming to support and develop the media and arts sector in Iraq, and providing an incubator environment for media and artistic creativity, which contributes to the advancement of the Iraqi cultural reality.  LINK

Iraqi Oil Prices Rise In Global Markets

Friday, June 20, 2025 12:15 | Economic Number of reads: 210  Baghdad / NINA / Iraqi oil prices rose on Friday during daily trading in the global market.

According to data, Basra Medium crude recorded $75.78 per barrel, while heavy crude recorded $72.83 per barrel, with a change rate of 1.11% for both.

The data also showed global oil prices, with British Brent crude recording $77.27, while US West Texas Intermediate crude recorded $75.67 per barrel, with a change rate of -1.58% and +0.56%, respectively. /End     https://ninanews.com/Website/News/Details?key=1235421

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

Seeds of Wisdom RV and Economic Updates Saturday Morning 6-21-25

Good Morning Dinar Recaps,

Ripple Unveils Urgent 4-Point Plan to Ignite UK Crypto Revolution

Ripple has issued a powerful call to action aimed at positioning the United Kingdom as a global leader in crypto innovation, unveiling a four-point regulatory strategy designed to unlock investment, expand financial access, and accelerate blockchain-driven modernization.

New Recommendations Set Stage for UK’s Explosive Crypto Power Shift

On June 18, Ripple convened key stakeholders at the London Policy Summit, co-hosted with the UK Centre for Blockchain Technology and Innovate Finance, to assess the UK’s fast-evolving digital asset policy landscape.

The summit spotlighted recent UK government initiatives, including:

• Chancellor Rachel Reeves’ April address supporting digital finance.

• HM Treasury’s draft legislation on crypto-assets.

• FCA consultations covering stablecoins, custody rules, and prudential oversight.

• Launch of the Digital Securities Sandbox and pilot for a digital UK government bond (DIGIT).

Ripple used the summit to deliver a sharp message: Now is the time to act—boldly and fast.

Ripple’s 4-Point Plan for UK Crypto Leadership

In a whitepaper released after the summit, Ripple laid out four key regulatory priorities critical to the UK’s ascent in the digital economy:

1. Accelerate Regulatory Framework Finalization

“The government and regulators must act at pace to develop a crypto-asset regulatory framework that drives investment and growth.”
Ripple emphasized that early movers in crypto regulation will reap long-term rewards in global competitiveness and capital inflows.

2. Ensure Global Standards Alignment

Ripple urged the UK to harmonize its rules with international frameworks, helping firms avoid conflicting obligations and maintain global interoperability.

3. Advance Stablecoin Regulation

Ripple pushed for the swift regulation of stablecoins, including legal pathways to allow overseas-issued stablecoins to circulate in the UK without local issuance requirements—a move that would increase liquidity and stimulate market innovation.

4. Remove Legal, Regulatory, and Tax Barriers

To solidify leadership in tokenization, Ripple proposed an integrated approach to overcome legacy barriers that hinder the tokenization of traditional assets like bonds and equities.

“The opportunity for the UK is huge. If the regulatory framework is designed correctly, it can facilitate innovation, enhance financial inclusion, and solidify the UK’s position as a competitive global financial centre.”
— Ripple

A Strategic Moment for UK Finance

Ripple underscored the transformative role of blockchain in modernizing payments, increasing transparency, and broadening access to financial services. With over 90% of major financial institutions engaged in crypto by 2024, the stakes for leadership are rising fast.

Summit participants echoed a growing consensus:

Rapid regulatory clarity is no longer optional—it’s essential to unlocking crypto’s full potential and ensuring the UK remains at the forefront of global finance.

@ Newshounds News™
Source: Bitcoin.com

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South Korea’s Central Bank Open to Stablecoin Amid Cautious Forex Outlook

South Korea may soon join the growing list of nations backing fiat-pegged stablecoins. The Governor of the Bank of Korea signaled openness to the issuance of a won-based stablecoin, though he voiced concerns over its foreign exchange impact, particularly in relation to dollar-backed tokens.

Cautious Approval from the Central Bank

At a press conference covered by Reuters, Bank of Korea Governor Rhee Chang-yong stated that while he does not oppose the creation of a won-pegged stablecoin, there are critical risks tied to its adoption:

“Issuing won-based stablecoin could make it easier to exchange them with dollar stablecoin rather than working to reduce use of dollar stablecoin.”

Rhee warned this could inadvertently increase demand for dollar stablecoins and complicate forex management, undermining efforts to strengthen South Korea’s own currency reserves and monetary autonomy.

Shrinking Forex Reserves Add Pressure

The concern comes amid declining national reserves.

• At the end of December 2024, South Korea held $415.6 billion in forex reserves.

• By May 2025, that figure dropped to $404.6 billion—a $11 billion decrease in just six months.

This underscores the urgency in crafting a stablecoin policy that enhances domestic financial resilience without unintentionally driving capital back into U.S.-dollar-based instruments.

Democratic Party Pushes Pro-Stablecoin Legislation

Newly elected President Lee Jae-myung is advancing crypto reform as part of his campaign promises. On June 10, his Democratic Party introduced the Digital Asset Basic Act, a legislative proposal that would:

• Allow companies with at least $368,000 in equity capital to issue stablecoins.

• Require issuers to maintain sufficient reserves for redemptions.

• Mandate approval from the Financial Services Commission (FSC) prior to issuance.

This move aims to foster innovation, reduce U.S. dollar reliance, and offer a regulatory pathway for local stablecoin ecosystems to thrive.

Regulators Scrutinize Exchanges and Fees

South Korea’s FSC is currently probing local exchanges over the transaction fees they charge, aligning with President Lee’s pledge to lower trading costs for retail investors, especially younger users.

The regulatory scrutiny marks a shift toward a more competitive and transparent crypto exchange landscape, which could boost local investor confidence.

The Global Stablecoin Landscape Is Evolving

While U.S. dollar-backed stablecoins still dominate, with Tether (USDT) and Circle’s USDC leading at $156 billion and $61 billion respectively, non-USD options are starting to gain traction.

Circle’s euro-pegged EURC saw a 156% market cap increase since the start of 2025, now totaling $203 million. Momentum grew further after U.S. lawmakers backed the GENIUS Act, a key stablecoin regulatory bill, sending Circle’s stock sharply higher.

South Korea Eyes Its Own Path

As global stablecoin competition intensifies, South Korea’s measured but open stance on a won-based stablecoin could position the nation as a regional leader in digital finance, provided it carefully balances innovation with macroeconomic stability.

The next steps will likely involve regulatory fine-tuning, market feedback, and possible pilot programs to test the feasibility of stablecoin circulation under central bank oversight.

@ Newshounds News™
Source: Cointelegraph

~~~~~~~~~

Crypto ETF Approval Odds Surge to “90% or Higher,” Say Bloomberg Analysts

The approval of a broad array of U.S. crypto exchange-traded funds (ETFs) is now considered “almost certain,” according to top Bloomberg analysts. In a major shift in regulatory tone, the Securities and Exchange Commission (SEC) appears increasingly willing to approve spot ETFs for altcoins like XRP, Solana, Dogecoin, and Cardano, signaling expanding institutional access to digital assets.

Bloomberg: ETF Approval Odds at 90% or Higher

Analysts James Seyffart and Eric Balchunas raised their estimated approval odds to “90% or higher” on Friday, citing “very positive” engagement from the SEC in recent weeks.

“The tone and feedback from the SEC has shifted meaningfully,”
Seyffart said in a post on social media, emphasizing that this new posture marks a clear pro-crypto pivot at the regulatory agency.

One key reason for the rising optimism: The SEC appears to categorize many major cryptocurrencies — including XRP, Solana (SOL), Litecoin (LTC), Dogecoin (DOGE), and Cardano (ADA) — as commodities, not securities. This classification would place them largely outside of the SEC’s strictest enforcement scope, removing one of the biggest regulatory roadblocks.

Timeline Unclear, But Momentum Is Building

While approvals now seem likely, Seyffart cautioned that actual product launches may still take several months, potentially extending past October. The agency must still finalize reviews and respond to public comments on a number of ETF proposals — including XRP and SOL ETF filings by Franklin Templeton.

Bitcoin ETF Success Fuels Altcoin Hopes

The surge in altcoin ETF interest follows the historic success of spot Bitcoin ETFs, which have shattered records. BlackRock’s iShares Bitcoin Trust (IBIT) recently surpassed $70 billion in assets after just 341 days — making it the most successful ETF launch in U.S. history.

“There’s an arms race to replicate the Bitcoin ETF’s success,”
said Balchunas, pointing to strong demand for crypto exposure among institutional and retail investors alike.

However, not all crypto ETFs have performed equally. Ether ETFs, launched in July, have seen mixed reception, with Glassnode reporting in May that average ETH ETF investors were still “substantially underwater.”

Altcoins Rising, But Bitcoin Remains Dominant

While interest in altcoin ETFs is surging, analysts don’t expect any product to eclipse Bitcoin’s dominance in the near term. Still, the entry of top-tier asset managers like Franklin Templeton and the SEC’s willingness to open comment periods marks a turning point in mainstream crypto adoption.

With market watchers tracking every signal from Washington, these ETF developments could define the next chapter of crypto-finance integration in the United States.

@ Newshounds News™
Source: Cointelegraph   

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MilitiaMan & Crew: The IQD Update-Reality of the Federal Court-A Red Line-Salaries-Budget Tables for 2025

MilitiaMan & Crew:  The IQD Update-Reality of the Federal Court-A Red Line-Salaries-Budget Tables for 2025

6-20-2025

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=Z7GdxjstKUI

90% Market Crash Coming - What to Do Before & After It Hits

Harry Dent: 90% Market Crash Coming - What to Do Before & After It Hits

Wealthion:  6-18-2025

Economist and author Harry Dent delivers his most urgent warning yet: the U.S. economy is heading into the biggest crash in modern history, and the fallout will be far worse than 2008.

In this explosive interview with Maggie Lake, Dent explains why the bubble is already bursting, how stocks could fall up to 90%, and why real estate is ground zero for the coming collapse. In this hard-hitting interview:

Why $27 trillion in stimulus distorted the economy

How zombie companies and malinvestment are dragging us down

What the Fed and Politicians still don’t understand about recessions

Why Millennials will be the biggest winners of the crash

The only true safe haven (hint: it’s not gold or Bitcoin)

And when Dent believes the crash will begin, and end

Chapters:

1:00 - Harry Dent’s Bold Prediction: The Greatest Crash in History

 6:44 - The Walking Dead Economy: Malinvestment & Zombie Companies

10:09 - Has the Fed Already Lost Control?

13:32 - What Will Finally Trigger the Collapse?

17:07 - Real Estate Is Ground Zero for the Coming Crash

20:13 - How to Survive the Crash: Dent’s Safe Haven Picks

25:21 - Is Bitcoin the Big Winner After the Dust Settles?

27:48 - Are We Heading Into a 1930s-Style Depression?

30:22 - Will the Government Make It Even Worse?

 32:29 - Is the U.S. Still the Safe Haven Everyone Thinks?

35:34 - AI vs Demographics: What Really Drives the Next Boom?

 39:19 - Timing the Collapse: Dent’s 2025-28 Roadmap

https://www.youtube.com/watch?v=ADs3ddDv7BQ