Crypto M - Crypto News

🚀 U.S. Dollar's Share in Global Reserves Hits Lowest Since 1994 The U.S. dollar currently represents approximately 46% of global foreign exchange and gold reserves, according to NS3.AI, citing data from the International Monetary Fund (IMF). When excluding gold, the dollar accounts for 57% of global reserve currencies, marking its lowest share since 1994. #USDollar#GlobalReserves#IMF#ForeignExchange#GoldReserves#ReserveCurrency #1994

🚀 Pyth Launches Data Marketplace with Support from Major Financial Institutions On April 11, Pyth announced the official launch of its Pyth Data Marketplace. According to BlockBeats, the marketplace has gained the backing of six major financial institutions as data providers. These institutions include Euronext, Exchange Data International, Fidelity Investments, OTC Markets Group, SGX's FX data business, and Tradeweb. Previously, these organizations primarily distributed data through traditional suppliers and proprietary terminals. The Pyth Data Marketplace allows institutions to distribute proprietary data, such as macroeconomic indicators, over-the-counter pricing, and foreign exchange benchmarks, while retaining ownership, pricing rights, and attribution. #Pyth#DataMarketplace#FinancialInstitutions#Euronext#FidelityInvestments#OTCMarketsGroup#SGX#Tradeweb#MacroeconomicIndicators#ForeignExchange#OTCpricing#PYTH

🚀 Trident Digital Tech Holdings Partners with Ripple Strategy for African Expansion Trident Digital Tech Holdings, a Nasdaq-listed company, has announced a strategic partnership with Ripple Strategy Holding. According to Foresight News, Ripple Strategy will provide RLUSD stablecoin technology and payment infrastructure to support Trident's business expansion in the African market. Under the agreement, Trident plans to develop a blockchain-based tax settlement and reporting system for approximately 2.1 million small and medium-sized enterprises in Ghana. Additionally, the company aims to establish an RLUSD/GHS liquidity pool to create a low-cost, real-time foreign exchange market, facilitating 24/7 cross-border payments. Trident has previously formed a 50/50 joint venture with local institutions in Ghana, with a stablecoin business pilot scheduled to commence by mid-2026. #TridentDigitalTech#RippleStrategy#AfricaExpansion#Stablecoin#Blockchain#SMEs#Ghana#ForeignExchange#CrossBorderPayments#RLUSD#Nasdaq#TechPartnership#PaymentInfrastructure#BlockchainTaxSystem#LiquidityPool#XRP

🚀 Market Focus Shifts to U.S.-Iran Talks Amid Inflation Concerns Foreign exchange analyst Giuseppe Dellamotta noted that the market's attention is currently centered on the U.S.-Iran negotiations. According to Jin10, the inflation data for March, widely attributed to the ongoing conflict, is likely to be overlooked as the outcome of the talks takes precedence. While there is significant divergence in predictions for the overall CPI, forecasts for the core CPI are more aligned. The Federal Reserve maintains a neutral stance but has indicated readiness to tighten policies further if inflation expectations rise or if the conflict extends longer than anticipated. The market anticipates a 7 basis point easing by the end of the year, suggesting no changes in interest rates are expected in 2026. #USIranTalks#InflationConcerns#ForeignExchange#CPI#CoreCPI#FederalReserve#InterestRates#MarketFocus#InflationData#PolicyTightening

🚀 PRECIOUS METALS | Russia's Central Bank Reserves Increase to $767.5 Billion Russia's central bank reported an increase in its gold and foreign exchange reserves, reaching $767.5 billion for the week ending April 3. According to Jin10, this marks a rise from the previous value of $755.4 billion. The growth in reserves reflects ongoing adjustments in Russia's financial strategy amid global economic fluctuations. #Russia#CentralBank#GoldReserves#ForeignExchange#Finance#Economy#GlobalEconomy

🚀 South Korea Proposes Stablecoin Classification as Foreign Exchange Instruments South Korea is considering a proposal to classify stablecoins as foreign exchange instruments. According to NS3.AI, this move would bring stablecoin companies engaged in cross-border transactions under the oversight of domestic foreign exchange authorities. The proposal aims to enhance regulatory control over the use of stablecoins in international financial activities. #SouthKorea#Stablecoin#ForeignExchange#Regulation#Cryptocurrency#Fintech#CrossBorderTransactions