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Global trade blocs, such as BRICS and ASEAN, are actively looking for an alternative to the US dollar-based trade mechanism. Sanctioned countries, such as Iran and Russia, have also begun ditching the dollar for other currencies. The de-dollarization sentiment has seen an incredible rise in popularity over the last decade. While there is no denying the growing anti-USD sentiment, are nations prepared to face a post-dollar future? Let’s discuss more. Are Nations Ready To Commit To De-Dollarization Dreams? Source: Shutterstock The US dollar-based trade mechanism is a well-oiled system. Moving away from the greenback may prove more expensive than many realize. The USD’s liquidity is one of its strongest suits. Other currencies are tiny in front of the dollar’s massive available liquidity. The US dollar also makes up the majority of global foreign exchange reserves. Replacing this gigantic figure is a gargantuan task. It seems almost unlikely that the dollar’s positi...

The meme coin market, which used to take the crypto and non-fungible token worlds by storm, is roaring back after several months of silence. In recent weeks, this meme coin market has started attracting back non-fungible token projects, which are searching for other ways to interact with their fans. The Goblitown NFT team is the latest to join the meme coin market with its new $Gob meme coin. It’s m̵o̵r̵e̵ ̵t̵h̵a̵n̵ just a coin. Introducing $gob on Solana.https://t.co/Iz8boTz2ic Too down bad for the trenches? Play our trading simulator SELL THE TOP on Tiktok instead. CA: 3xypwTgs9nWgjc6nUBiHmMb36t2PwL3SwCZkEQvW8FTX pic.twitter.com/tNwG2mMTDr — goblintown (@goblintown) July 9, 2025 The Goblintown NFT Team Drops A Memecoin On Solana In a July 9 blog post, the OpenSea team shared that the Goblintown NFT team has launched a meme coin dubbed “$Gob” on the Solana blockchain network. This new meme coin is live on Ope...

XRP’s price rally risks are escalating right now as analyst STEPH IS CRYPTO warns of dangerous short positions above current levels. With XRP trading around $2.33 at the time of writing and showing bullish momentum, an XRP short squeeze could trigger massive liquidations. The analyst’s heatmap reveals over $128 million in vulnerable short positions, creating volatile XRP trading dynamics and significant XRP investment risks for traders betting against the token. Also Read: XRP Fair Market Value Could Hit $4,813 by 2030, Valhil Predicts XRP Price Rally, Short Squeeze Threats, And Market Volatility Explained Source: Reddit Short Position Buildup Creates XRP Price Rally Risks STEPH IS CRYPTO‘s Analysis reveals troubling patterns in XRP’s market structure right now. The heatmap data shows short liquidity concentrated above the $2.35 mark, where traders have positioned against the XRP price rally. These positions create significant liquidation risks as XRP gains mome...

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President Vladimir Putin confirmed at the 2025 summit in Rio de Janeiro on Sunday that 90% of all transactions were settled in local currencies among BRICS members. The majority of the cross-border settlements were paid in rubles along with other local currencies, revealed Putin. He also revealed at the BRICS 2025 summit that transactions in local currencies are booming. “Friendly nations” are putting forward their national currencies for trade deals and not the US dollar for payment settlements. This makes the alliance much stronger as it’s the only bloc that’s actively taking on the West. “The use of national currencies in trade among our countries is steadily growing. In 2024, the share of our national currency, the ruble, along with the currencies of friendly nations, accounted for 90% of Russia’s settlements with other BRICS states,” Putin emphasized at the 2025 summit. Also Read: Video: BRICS Unveils 200-Denominated Bank Note at 2025 Summit? Local Currencies Rule the...

We are only a few days away from BRICS deciding to establish a precious metals exchange during the 2025 summit. Reports are doing the rounds that the alliance intends to launch its own index that tracks precious metals exchange. The move is intended to move away from the Western-backed indexes and trade in the new indices formed by the bloc. BRICS member Russia was the first to float the idea of establishing a new precious metal exchange in October. Russian Finance Minister, Anton Siluanov was in talks with other members about the idea to ensure fair pricing and trade growth. If approved, the precious metals exchange would be an alternative index not backed by the West but solely operated by BRICS. The development would significantly impact gold and silver prices and put a wedge in the broader commodity markets. A newly-launched BRICS precious metals exchange, if approved, might reshape price discovery in gold, silver, and other commodities. Chart patterns and trading strategies could ...