AMA on X

important 📰 Jupiter Asset Management Dumps $2.5 Million in XRP: Should Investors Worry? In an unexpected move, London-based Jupiter Asset Management (JUN), managing over $65.8 billion, had to sell a significant $2.58 million investment in Ripple’s XRP in the first half of 2023. Regulatory issues led to the cancellation of the investment, shedding light on the complexities of cryptocurrency investments. Jupiter’s Compliance Clash Jupiter’s compliance department intervened, preventing their investment team from holding a cryptocurrency exchange-traded product in one of its Irish Ucits funds. This highlighted the differing regulatory approaches within the European Union, creating challenges for investment managers seeking consistency with cryptocurrencies. Initially investing $2.58 million in 21Share’s XRP, Jupiter’s Gold & Silver fund reversed its decision during routine checks, losing $834 in the process. The primary reason was the intricate web of crypto regulations across Europe, particularly restrictions faced by the fund domiciled in Ireland. #Will altseason be coming soon?#

Former U.S. President and presidential candidate Donald Trump’s economic advisers are reportedly discussing strategies to deter countries from diminishing their dependence on the U.S. dollar, Bloomberg reported last week, citing sources familiar with the matter. The discussions focus on potential penalties for both allies and adversaries who engage in bilateral trade using non-dollar currencies. These penalties could include “export controls, currency manipulation charges, and tariffs,” according to the publication.#ContentStar# The USD’s global dominance has faced increasing discontent since the U.S. imposed stringent economic sanctions on Russia in 2022. These sanctions restricted access to the U.S. dollar for various Russian entities, including the central bank, government officials, and approximately 2,500 others. Meanwhile, the BRICS nations, comprising Brazil, Russia, India, China, and South Africa, along with recent additions of Saudi Arabia, the United Arab Emirates, Iran, Egypt, and Ethiopia, discussed dedollarization during a summit last August. After the summit, the BRICS leaders declared the importance of using local currencies in international trade. In a BRICS meeting in January, Iran advocated for a common currency while China and Russia prioritized settlements in their local currencies. In May last year, the leaders of the 10 Southeast Asian nations, members of the Association of Southeast Asian Nations (ASEAN), agreed to “encourage the use of local currencies for economic and financial transactions.” The group comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. Additionally, officials from nine Asian countries, members of the Asian Clearing Union (ACU), convened in Tehran for their annual meeting in the same month, where dedollarization was a key topic. Trump has consistently advocated for the U.S. dollar’s role as the primary global reserve currency. In a CNBC interview in March, he expressed his opposition to countries abandoning the dollar: “I hate when countries go off the dollar.” The former U.S. president stressed: I would not allow countries to go off the dollar because when we lose that standard, that will be like losing a revolutionary war … That will be a hit to our country. “With Biden, you’re going to lose the dollar as the standard. That’ll be like losing the biggest war we’ve ever lost,” Trump stated. He also warned that China aims to supplant the U.S. dollar as the leading global currency and expressed concerns about the potential consequences of the USD losing its status as the world’s reserve currency. “We’ll be a second-tier country,” he cautioned.#ContentStar##比特币##HotTopicDiscussion##BTC##GateLive##SOLS#

#HYCOPosiblemente this coin do today x5 get up and join up power hyco whales come and we all win with this coin and we raise it the union makes the force up hyco btc eth pogai

#Quiz# 👉 What is Union Finance: A Member-owned Onchain Credit Protocol ? https://www.gate.io/activities/quiz-challenge-learn?invite_uid=14447826&nk_name=moonspid&ch=LearnQuiz_20240619 👉 Answer: A.C.B #Gate Post Highlights##ContentStar##BountyCreator##HotTopicDiscussion#

DePIN, which stands for decentralized physical infrastructure, is one of the fastest-growing crypto narratives. It has reached notoriety due to its seamless integration of various technologies under one umbrella. This particular sector refers to protocols that use blockchain technology to support