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China’s central bank Governor Pan Gongsheng said that he expects new currencies will emerge and challenge the global order of the USD. He indicated that a “multi-polar international monetary system” would replace the traditional financial sector dominated by the West and the US. Speaking at China’s flagship financial forum in Shanghai, Gongsheng stressed that the USD “established its dominance” after World War II. He added that it “retained its status up till now” and its dominance might soon begin to erode to make way for the new world order. Also Read: Top Economy by 2050 GDP: Will China or India Overtake the US? Basket of Currencies Will Overtake the USD, Says China’s PBOC Chief Source: Fox Business Gongsheng revealed that the world is not depending on a single currency anymore, stressing that “excessive reliance” will only hurt the prospects of other nations. The Governor of the People’s Bank of China said that a basket of currencies could become the norm after the U...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

The price of Polyhedra Network’s native ZKJ token plummeted over 83% in the past 24 hours following “abnormal on-chain transactions” for the ZKJ/KOGE trading pair. “Today’s price drop was caused by a series of abnormal on-chain transactions within a very short period on the ZKJ/KOGE trading pair,” the project said in a June 15 post on its official X account.  ZKJ Price Drop Wipes Out Over $500M In Market Cap ZKJ’s price fell from $1.98 to as low as $0.317763 in the past day. It has since managed a minor recovery to trade at $0.3258 as of 1:24 a.m. EST, CoinGecko data shows. Meanwhile, KOGE is down over 54% in the past 24 hours. That ZKJ plunge wiped out more than $500 million from the project’s market cap, with the total market capitalization plummeting from around $609 million to a low of about $97.521 million. Binance Attributes ZKJ Collapse To Large Holders Moving Tokens Leading crypto exchange Binance investigated the ZKJ...

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The narrative of de-dollarization is gaining rapid momentum, especially at present, as the US, under the reign of President Donald Trump, continues to impose aggressive tariffs on nations around the world. This development is also pushing the US dollar to encounter new throes of pain, causing the DXY index to hit below 98 in a new bearish forecast. Will this momentum continue to gain steam as we step ahead into the future? Which countries are actively ditching USD in 2025? Let’s find out. Also Read: China’s De-Dollarization Crusade: Yuan Is Stealing USD’s Crown De-Dollarization and USD’s Wobbly Global Stance Source: Watcher Guru There was a time when the US dollar reigned supreme around the world. Other currencies would always stand at the back of the league, while the US dollar enjoyed exclusive perks and benefits that came its way as part of its reserve currency. However, as time passed by, the US started to explore excessive sanctioning as a way to dominate nations, turning the...

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