Egyptian President Abdel-Fattah El-Sisi has awarded the prestigious Order of the Nile, Egypt’s highest state honor, to US President Donald Trump in recognition of his pivotal role in brokering regional peace. The ceremony coincides with Trump’s diplomatic visit to Israel and Egypt, where hostage releases are already underway, signaling tangible progress in Middle East negotiations. Egyptian officials are emphasizing the economic and strategic significance of these developments, with Minister Rania Al-Mashat highlighting the broader implications during an interview with Bloomberg.
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Generated 0 posts last week Cairo Exchange Halts Trading After Deadly Fire
A fire at a critical telephone exchange in downtown Cairo caused significant disruption, killing at least four people and injuring 27 others. The blaze severed network services, prompting the Cairo stock exchange to cancel its trading session on Tuesday. The incident highlights the vulnerability of financial infrastructure to unexpected crises, raising concerns about contingency planning in key economic hubs.
about Cairo Exchange Halts Trading After Deadly FireBRICS to Launch Precious Metals Exchange in Rio Summit
The 17th BRICS Summit, set for July 6-7 in Rio de Janeiro, is expected to announce a new precious metals exchange, challenging Western-dominated markets like the London Metal Exchange. Proposed by Russia in 2024, the exchange would enable BRICS members—now expanded to include Iran, Saudi Arabia, and others—to trade gold, silver, and platinum group metals independently. This aligns with the bloc’s de-dollarization push, including plans for BRICS Pay and a potential gold-backed currency. However, challenges like infrastructure, liquidity, and potential Western sanctions loom. If successful, the exchange could reshape global commodities trading and reduce reliance on U.S. financial systems.
about BRICS to Launch Precious Metals Exchange in Rio SummitTron Dominates USDT Transactions, Beating Ethereum by 5x
Tron has solidified its position as the top blockchain for USDT transactions, with daily volumes exceeding Ethereum by more than five times. Analysts attribute this dominance to Tron’s near-zero fees and instant settlements, making it indispensable in hyperinflation-hit economies like Venezuela and Nigeria. Major exchanges now default to TRC-20 for USDT deposits, accelerating a supply shift that began in 2021. Tron’s USDT supply has surged past $80 billion, bolstered by Tether’s strategic moves. Beyond transactions, Tron is expanding its ambitions, including a rumored reverse merger with SRM Entertainment. Regionally, Tron leads in Latin America and Africa, while Asia drives the highest USDT volumes. Meanwhile, TRX, Tron’s native token, has entered the top ten cryptocurrencies by market cap, showcasing its growing influence.
about Tron Dominates USDT Transactions, Beating Ethereum by 5xBRICS Hits $1 Trillion in Trade, Eyes New Global Economy
The BRICS alliance, comprising Brazil, Russia, India, China, South Africa, and newly added members like Iran and the UAE, has reached $1 trillion in internal trade, signaling its growing economic clout. The bloc is prioritizing local currency transactions, payment platform development, and trade facilitation. Additionally, discussions around a gold-backed common currency highlight efforts to reduce reliance on the US dollar, though de-dollarization is not yet a unified goal. With 10 partner countries also engaging, BRICS is positioning itself as a key player in global economic restructuring.
about BRICS Hits $1 Trillion in Trade, Eyes New Global EconomyAfrica Bonds Rally on Iran-Israel Truce, Lower Oil Prices
African sovereign and quasi-sovereign dollar bonds saw a 1% jump, marking their strongest gain in nearly two months. The rally was fueled by renewed investor confidence in high-yield assets amid expectations that the Iran-Israel truce will hold. Lower oil prices further supported the uptick by reducing inflation concerns and enhancing real returns. This outperformed the broader emerging markets sovereign bond index, which rose only 0.6%.
about Africa Bonds Rally on Iran-Israel Truce, Lower Oil PricesFTX Adds Payoneer for Creditor Repayments, Excludes Key Markets
FTX, the bankrupt crypto exchange, has added Payoneer as a new creditor repayment option, joining BitGo and Kraken in facilitating asset distributions. Payoneer will help distribute funds to retail customers in eligible jurisdictions, though creditors in Nigeria and China remain excluded. The new option, available after May 30, 2025, requires customers to waive direct USD distributions in favor of Payoneer transfers. FTX has already repaid nearly $7 billion across two phases, with smaller retail claims largely settled in full. However, larger creditors and those in restricted regions face limitations, highlighting gaps in the global repayment process.
about FTX Adds Payoneer for Creditor Repayments, Excludes Key MarketsTRX Hits Record Monthly Transfer Volume Amid Market Surge
In May 2025, TRX, Tron’s native token, set a record monthly transfer volume of 490.3 billion TRX ($132.4 billion), marking a 34% increase from April. The surge reflects strong user engagement and network demand, with TRX demonstrating price resilience and low-risk appeal. Despite brief selling pressure due to market volatility, TRX recovered to $0.27, helping Tron surpass Cardano as the ninth-largest cryptocurrency by market cap ($26 billion). Additionally, Tron dominated stablecoin activity in Latin America (Colombia, Ecuador, Brazil) and Africa (Egypt, Ethiopia, Ghana), even outpacing Ethereum in transaction volume. This growth underscores Tron’s expanding global adoption and utility in cross-border settlements.
about TRX Hits Record Monthly Transfer Volume Amid Market SurgeBRICS Eyes XRP for Gold-Backed Dollar Alternative
For over a decade, BRICS nations have sought to diminish their dependence on the U.S. dollar, and recent rumors suggest they may turn to Ripple’s XRP for a gold-backed financial system. Designed for speed and scalability, XRP could facilitate seamless cross-border transactions, bypassing the slow, costly SWIFT network. The idea gained traction in 2023 and resurfaces as BRICS explores blockchain alternatives ahead of their 2025 summit. Meanwhile, XRP’s price rises amid speculation, trading at $2.43. The move reflects a broader shift as emerging economies seek financial sovereignty and modernized infrastructure.
about BRICS Eyes XRP for Gold-Backed Dollar AlternativeRay Youssef: Bitcoin Pioneer Empowering the Unbanked
Ray Youssef’s story is one of resilience and innovation, from his humble beginnings running a New York newsstand to co-founding Paxful, a peer-to-peer Bitcoin marketplace that revolutionized financial access in Africa and Asia. Despite multiple business failures, Youssef persisted, driven by the belief that Bitcoin could liberate the unbanked. Through Paxful and the Built With Bitcoin Foundation, he enabled millions to trade Bitcoin using diverse payment methods while funding schools and clean water projects. After stepping down from Paxful amid legal challenges, Youssef launched Noones, a decentralized marketplace focused on the Global South, and Civ Kit, a toolkit for building Bitcoin marketplaces. A vocal critic of exploitative altcoins, Youssef champions Bitcoin as a tool for financial freedom, cementing his legacy as a pioneer in crypto-driven economic empowerment.
about Ray Youssef: Bitcoin Pioneer Empowering the UnbankedBitcoin Donations Transforming Global Aid and Financial Inclusion Efforts
Save the Children is leveraging Bitcoin and other cryptocurrencies to enhance financial inclusion and streamline aid delivery across over 100 countries. The organization, which was the first international NGO to accept Bitcoin donations in 2013, has raised over $8 million through its HODLhope campaign, facilitating anonymous donations and providing vital resources to children in crisis. By utilizing Bitcoin’s technology, Save the Children aims to empower families in emergencies, ensuring they can access funds quickly and efficiently without traditional banking barriers.
about Bitcoin Donations Transforming Global Aid and Financial Inclusion EffortsSolana Cardano and Remittix Compete for Dominance in March 2025
Solana, Cardano, and Remittix are generating buzz in the crypto market, with predictions of 100% gains for SOL and ADA, while Remittix aims for a staggering 5800% increase. Solana’s recent upgrades and Cardano’s development roadmap could drive their rallies, but Remittix’s focus on cross-border payments positions it as a strong contender in the remittance market, potentially reshaping global finance.
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