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More than 70 countries around the world are actively moving away from the US dollar in their international trade, so de-dollarization is gaining serious momentum. The trend involves nations from ASEAN that are implementing local currency settlements and also developing alternative payment systems. Meanwhile, we’re seeing de-dollarization efforts in Europe reaching unprecedented levels as officials question their Federal Reserve reliance. The BRICS nations have been working to ditch the US dollar as well, and countries are increasingly replacing the dollar in trade relationships, which represents the most serious challenge to American monetary dominance since World War II. Also Read: De-Dollarization: Full List of Countries Dropping the US Dollar & Key Reasons How BRICS, ASEAN, and Europe Countries Are Embracing De-dollarization in Trade Source: CryptoRank ASEAN Takes Historic Step with Yuan-Based Emergency Fund Asia’s largest economies have just approved a groundbreaking rap...

The world’s largest crypto exchange by trading volume is announcing upcoming support for an entertainment altcoin on its early-access platform. In a new announcement, Binance says it’s adding support for Sophon (SOPH), an interoperable layer-2 scaling solution made for the entertainment industry, on Binance Alpha, a feature of the Binance Wallet which launched in December 2024 that lets users discover emerging web3 projects before they gain mainstream popularity. “Binance is excited to announce that Sophon (SOPH) will open for trading on Binance Alpha starting 2025-05-28 13:00 (UTC). In addition, Binance Futures will launch SOPHUSDT Perpetual Contract with up to 50x leverage at 2025-05-28 13:30 (UTC).” Sophon aims to create mainstream uses for blockchain technology by integrating it into everyday events, such as gaming. “Sophon is an innovative ZK (zero-knowledge) chain built on the ZKsync Elastic Chain vision, designed to become the...

Several prominent firms have been jumping onto the exchange-traded fund (ETF) wave and filing applications with the U.S. Securities and Exchange Commission (SEC). Moving over Bitcoin (BTC) and Ethereum (ETH), companies were seen embracing altcoins. More recently, Canary Capital filed for a staked ETF based on Tron (TRX). While an array of cryptocurrency ETF proposals were delayed, the SEC was seen acknowledging the staked TRX ETF application from Canary Capital. Amidst this, the price of the altcoin was seen rising. Also Read: Ripple Circle Acquisition Bet Doubles to $11B in Coinbase Showdown Altcoin Rakes In Modest Gains Source – The Tech Report The entire cryptocurrency market has been rising throughout the past few days. Tron’s TRX failed to mirror the surge that several other coins were recording. The asset moved up by a meager 11% throughout the past month. In addition, the last seven days have been bullish for most assets, but TRX saw a 0.54% decline during this period...

The US dollar is currently standing at a very precarious stage of its life. The currency is at a crossroads, standing at the precipice of a novel change that threatens to shrink its global dominions. The USD is now receiving constant challenges from its currency competitors, with nations ditching the US dollar and related assets to explore alternatives. At the same time, waves of harsh de-dollarization drives are also hammering the dollar, keeping the currency on its toes. With anti-dollar drives raging like wildfire, what would happen to the US dollar if NATO ditched USD and adopted a new currency for its military spending? Let’s find out. Also Read: CBDC Battle: Renminbi Leads $986B As 134 Nations Race to Kill USD 3 Ways the US Dollar Could Brutally Fall If NATO Ditched USD for Its Military Spending 1. Reduced US Dollar Demand Source: Watcher Guru The first visible impact of NATO ditching the US dollar would be the reduced demand for the USD. NATO, or the North Atlantic Treaty O...

There is no denying that the US stock market has been woefully inconsistent throughout the first few months of the year. Investors have struggled to keep up with its movements as macroeconomic pressure and geopolitical tensions have spooked many. However, that has not been the case for Tesla (TSLA) this week, as the stock may well be on its way to a new all-time high. The company has seen this course reverse from a horrendous start in 2025. A near-brand crisis took place in the early months of the year as CEO Elon Musk firmly embraced his position atop US President Donald Trump’s DOGE Commission. Yet, as he has promised to step back from that political spotlight, the EV manufacturer looks to be surging because of it. Source: Business Insider Also Read: Tesla (TSLA) Is Up 40% Since Q1 Earnings: Why It May Rise More Tesla Stock Poised to Surge: Why a New Record Price May Be Nearing After a rebound took place early in the week, the US stock market fell yet again on Wednesday. The Dow...

Shiba Inu has recently responded to Michael Saylor’s Bitcoin promotion with a clever meme that really highlights the cryptocurrency’s cultural strength and community power. Just this week, after Saylor posted a Back to the Future-themed image on X, the Shiba Inu team quickly countered with their own version featuring the Shiba dog dressed in Marty McFly’s iconic outfit. This exchange, which has been making waves in crypto circles, demonstrates how Shiba Inu is actively challenging Bitcoin’s dominance through community engagement rather than just relying on traditional market strategies. Also Read: If You Bought $500 in PEPE One Year Ago, You’d Have This Now How Shiba Inu Uses Meme Power to Challenge Bitcoin’s Market Dominance and Investor Sentiment Source: X The Back to the Future Showdown Once you all have bitcoin, I’ll go back to the future. pic.twitter.com/qzBLARP1XX — Michael Saylor (@saylor) May 20, 2025 The whole interaction actually began when Michae...

Moody‘s AAA rating cut has, at the time of writing, sent real shockwaves through global markets as the last major agency to actually downgrade U.S. credit status. Just recently, on May 16, 2025, Moody’s officially lowered the rating from AAA to AA1, and this has triggered immediate and also quite concerning volatility in treasury yields and also raised serious questions about America’s long-term debt sustainability. This historic downgrade, right now, reflects the growing concerns about what seems to be unsustainable fiscal deficits and also skyrocketing interest payments. Source: Moodys.com Also Read: 80% of Americans Want Bitcoin in National Reserves Over Gold Moody’s Downgrade Fuels Market Volatility, Debt Risk, and Crypto Fear Source: RNZ Moody’s AAA rating cut wasn’t really an impulsive decision but rather the culmination of years and years of fiscal deterioration. The rating agency specifically cited America’s inability to address, such as...