Growing momentum among emerging economies to reduce reliance on the U.S. dollar has led to increased interest in using national currencies for trade, alongside speculation about a unified BRICS currency. Brazil’s Ambassador to India, Kenneth Felix Haczynski da Nobrega, stated in an interview published by The Hindu on July 5 that BRICS will not introduce a common currency during its 2025 summit in Rio de Janeiro. 🎉
Toncoin, the native cryptocurrency of The Open Network, had a brief moment of glory on Sunday, shooting up 10% to $3.03 after the company claimed that staking $100,000 worth of Toncoin for three years would make applicants eligible for the UAE’s golden visa program. But, as the saying goes, “pride comes before a fall.” And fall it did, by 6% to $2.84, after the Emirates News Agency shared a joint statement from several regulators denying the claim. 🤦♂️
With that, the world’s richest man—freshly excommunicated from Team Trump—pledged to bulldoze the 169-year-old duopoly that has run America since the telegraph was “cutting-edge” 📞. He’s calling it the America Party. Because, you know, America wasn’t already a party 🎉.
The acquisition, as one might expect in the world of finance, is not merely a union of two companies but a strategic alliance that grants Ondo Finance a suite of licenses, including its status as an SEC-registered broker-dealer, Alternative Trading System (ATS), and Transfer Agent. This, Ondo Finance assures us, provides the necessary regulatory foundation to develop and offer tokenized securities markets to U.S. investors, a prospect that is as thrilling as it is daunting. 🎉
Enter CrediBULL—yes, that’s his actual handle, and yes, it’s a pun, let’s just let him have this moment—who’s telling everyone that even people with XRP tattoos are underestimating it. Eight months of XRP treading water above its all-time high monthly close. “That’s rare!” he says. Basically, XRP is hanging around this $2.00 mark so consistently, you’d think it’s trying to win Squatter of the Year. This, apparently, is incredibly bullish. Second only to Bitcoin! (Which, to be honest, is a bit like being second-best karaoke singer at your office party. Still, well done XRP.)
From the surges in chatter to the early shifts in trader positioning, the signals suggest a rising anticipation, but whether this momentum has the backing to carry forward remains a mystery, much like the plot of a Dostoevsky novel.
Bonk, the crypto world’s equivalent of a celebrity meme, is currently basking in the limelight. Having surged for a whole five days (is it a miracle or just really good coffee?), it’s now hovering at its highest level since May 23. 🧐
According to TON’s announcement, the applicants will have the chance to have their Golden Visa approved within less than seven weeks after sending the necessary documentation. All the processing will be done by the partners of TON in the UAE, and new residents will be able to confirm their status. This stake is unlike the normal crypto staking rewards, as it links block chain to the real-world incentives.
With more than $157 million in these tokenized baubles upon its stage, XRPL dares compare itself to Ethereum, that grand old lion left yawning in the sun!
Bessent, the maestro of the U.S. Treasury, has hinted at upcoming trade deals in an interview with CNN. The President’s trump card (pun intended) is the threat of higher tariffs, which will be reinstated on August 1 if negotiations fail.
