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The BRICS alliance has turned aggressive in advancing the de-dollarization initiative to bring down the US dollar’s global hegemony. They are forging new trade deals with other developing countries to settle cross-border transactions in their respective local currencies. The long-term goal of the 10-member bloc is to diminish the Western powers and tilt the financial authority towards the East. Also Read: Exclusive: How the US Can Avoid De-Dollarization, Analyst Explains The main objective of BRICS is to usher the world into a new financial era where the US, the dollar, and other Western allies have no power in global affairs and the overall markets. The roadmap is already set, and the developing nations are working towards making it a reality. Whether they will be successful in bringing the US dollar down or not, only time will tell. However, if BRICS manages to abandon the dollar, one important US sector will be the first to crash. It holds the keys to the American economy and g...

Saudi Arabia and China sign 57 deals worth over $3.73 Billion USD just recently, and the agreements mark a major advancement in local currency cooperation and also de-dollarization efforts between the nations. The deals, which were signed at the Saudi-Chinese Business Forum in Beijing this month, are enhancing BRICS-aligned trade and also promoting currency substitution between these economic giants right now in 2025. Also Read: BlackRock Bitcoin ETF Soars as Abu Dhabi and Hong Kong Investors Pump Over $1 Billion Saudi-China $3.73B Agreements Boost Trade, Finance, Currency Use Source: Watcher Guru As Saudi Arabia and China sign 57 deals worth over $3.73 billion USD, at the same time institutional cryptocurrency market activity has also increased significantly. The BlackRock ETF inflows at the time of writing reflect growing confidence among major investors who are seeking alternative asset classes in today’s changing financial landscape. Strengthening Bilateral Economic Ties In at...

There is no denying that the cryptocurrency market has bounced back in a big way this week. After months of stagnation, macroeconomic conditions and geopolitical developments saw some optimism arise. Although Ethereum has been performing well, there is one thing that may stand between ETH and the coveted $3,000 mark. The asset has long been the second-largest cryptocurrency by market cap. Moreover, there were experts who discussed the cryptocurrencies poised to take a chance at overtaking Bitcoin. Yet, analysts have pointed to one key facet that may keep Ethereum from breaking through the critical level. Source: Watcher Guru Also Read: Ethereum: Analysts Explain Why ETH is en Route to Overtaking Bitcoin Ethereum to $3,000? Why One Thing May Stand In Its Way Since the arrival of US President Donald Trump, the digital asset sector has been on the up and up. Indeed, his return to the White House has brought with it the first pro-crypto administration in the country’s history. That is...

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Solana (SOL) short interest has risen over the past week, in tandem with the cryptocurrency’s move to the upside following a two-week period of range-bound trading. As of May 14, 51.39% of the futures positions opened within the last 24 hours have been shorts, marking a noticeable change from May 8, when Solana’s short interest reached a low of 48.34%, according to data retrieved from crypto Analysis platform Coinglass .  Solana short interest 1-month chart. Source: Coinglass Short interest now sits at a one-month high, raising concerns that Solana’s recent rally, which has seen prices increase by 35.92% in the past month, may face near-term resistance. SOL price 1-month chart. Source: Finbold Is the increase in Solana short interest a sign that the SOL rally is coming to an end? Despite the increase in short interest, it remains unlikely that SOL’s recent price action will see a true reversal in the short term. Before the rally, whales loaded up on Solana...

In a development that very few had seen coming, the US stock market has jumped yet again as the S&P 500 looks set to erase all of its 2025 losses so far. Volatility has been the prevailing theme of the year so far, with the markets rebounding in a big way this week. The question is, can it continue its recent run? The surge that Wall Street has enjoyed has been a major benefit to some of the biggest stocks available. Indeed, the Magnificent 7 have bounced back in a major way, with Nvidia (NVDA) leading the charge, rising almost 6% over the course of trading on Tuesday. Source: Reuters / Brendan McDermid Also Read: Tesla (TSLA) Gets 70% Upside, But It Hinges on One $1.7T Market S&P 500 Returns to Form as US Stock Market Continues Its Bounce Back With the arrival of US President Donald Trump’s ‘Liberation Day’ tariff plan, the countries’ financial markets began to plummet. Specifically, the America-first, protectionist policy saw the Dow Jones Index fall ...

Bitcoin fork concerns have intensified right now after Jan3 CEO Samson Mow recently suggested that another Bitcoin fork might actually be necessary. This ongoing debate centers on some fundamental code changes and could, in many ways, impact Bitcoin’s price significantly in the coming months. Also Read: China Chooses US Trade, Weakens Russia’s De-Dollarization Push Why Jan3’s CEO Thinks Bitcoin Needs Another Fork Now Source: Jan3.com The possibility of a fork of a Bitcoin has emerged from what they are referring to as the “Core Wars” ( a highly controversial discussion regarding the Bitcoin’s code and its primary function ). This controversy somewhat echos earlier explosions yet more boils down to the query, are Bitcoin hard fork vs soft fork methods correct and will Bitcoin fork again in 2025 soon. Samson Mow Proposes Fork Solution Source: YouTube During a recent Bitcoin Infinity Live podcast, Jan3 CEO Samson Mow stated: “Maybe it is time that there...

A UK court has issued Craig Wright with a General Civil Restraint Order (GCRO) that bars the self-proclaimed Satoshi Nakamoto from filing any more legal claims in the UK without the High Court’s permission.  That’s according to a judgment from Judge James Mellor released today, which approves applications from the Crypto Open Patent Alliance (COPA) and Jack Dorsey’s payments firm SquareUp.  The order refers Wright to Richard Hermer, the UK’s Attorney General, who will consider whether he classifies as a “vexatious litigant” and merits an additional Civil Procedure Order (CPO) on top of his GCRO.  Wright was also ordered to pay the £100,000 ($132,000) it cost COPA and SquareUp to file the applications. Craig Wright has pivoted to farming Read more: Craig Wright website still shows Satoshi notice despite court order expiring The GCRO prevents Wright from filing any civil claim with any county court or high court in the UK for three years without prior permissi...

Summary ⚈ XRP exchange reserves surged 4.11% to a 1-month high of 2.84 billion. ⚈ Ripple’s SEC settlement news boosted XRP’s price from $2.14 to $2.34. ⚈Whales moving XRP to exchanges hints at potential selling pressure ahead. XRP exchange reserves reached a 1-month high on May 10, when some 2,845,253,166 tokens were being held on exchanges. This represents a noticeable surge of 4.11% since May 6, when the exchange reserves totalled 2,732,839,565 XRP, per data retrieved by Finbold from on-chain analytics platform CryptoQuant . XRP exchange reserves chart. Source: CryptoQuant By press time on May 12, XRP exchange reserves had diminished slightly, down to 2,838,110,274. Elevated XRP exchange reserves could hint at post-rally profit taking In the same timeframe that saw a 4.11% increase in XRP exchange reserves, the price of XRP increased from $2.14 to $2.34, following a key development in the Ripple v. SEC case on May 8, when the Securities a...

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