After Trump victorious Genius Act…PBOC Chief give u a preview of a post dollar era cumming…

[k1976]

PBOC Head Imagines New World Currency Order After Dollar Era​

Pan Gongsheng in Shanghai on June 18.
Photographer: Qilai Shen/Bloomberg
By Bloomberg News
June 18, 2025 at 11:40 AM GMT+8
Updated on
June 18, 2025 at 5:48 PM GMT+8
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Takeaways​

People’s Bank of China Governor Pan Gongsheng laid out in the clearest terms yet his vision for the future of a new global currency order after decades of dollar dominance, predicting a more competitive system will take root in the years to come.

“In the future, the global monetary system could continue to evolve toward a situation where a few sovereign currencies co-exist, compete and check and balance each other,” Pan said Wednesday in a keynote speech at the annual Lujiazui Forum in Shanghai.

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[k1976]

Senate passes GENIUS stablecoin bill, giving crypto industry first major legislative win​

PUBLISHED TUE, JUN 17 2025 5:53 PM EDTUPDATED TUE, JUN 17 2025 6:42 PM EDT

MacKenzie Sigalos@KENZIESIGALOS
WATCH LIVE

KEY POINTS

• The GENIUS Act establishes the first federal framework for dollar-pegged stablecoins, granting sweeping authority to the Department of Treasury and opening the door to banks, fintechs, and retailers.
• Democrats failed to secure a provision barring the president from profiting, even as Trump disclosed earning $57 million from token sales in 2024 alone.
• Industry giants like Amazon and Walmart are reportedly moving toward stablecoin-style offerings as payment networks brace for disruption.

The World Liberty Financial website arranged on a smartphone in New York, US, on Wednesday, Feb. 12, 2025.
Gabby Jones | Bloomberg | Getty Images
The Senate on Tuesday passed the GENIUS Act, a landmark bill that for the first time establishes federal guardrails for U.S. dollar-pegged stablecoins and creates a regulated pathway for private companies to issue digital dollars with the blessing of the federal government.

The bill passed with a 68-30 vote.

 

[k1976]

Arthur Hayes doesn’t care when his Bitcoin predictions are totally wrong​

Bitcoin billionaire Arthur Hayes says Bitcoin will surpass $250,000 by year’s end. He could also be 100% wrong.​

byCiaran Lyons8 minJune 17, 2025

BitMEX co-founder and Bitcoin billionaire Arthur Hayes is known for making big, bold — and sometimes controversial — Bitcoin price predictions, and says it doesn’t faze him when he gets it wrong.

“Nothing really happens,” Hayes tells Magazine, who asked if he worries about backlash when his Bitcoin predictions fall flat.

Win or lose, Hayes doesn’t sweat his calls​

The youngest African-American crypto billionaire in history is the first to admit that most of his price calls don’t land. “I get it wrong, and I’ve gotten most of them wrong,” he laughs.

“I don’t know why people are hesitant to do it; it doesn’t really matter at the end of the day.”

“If you’re generally correct, you’re okay,” the 40-year-old former investment banker adds.

Hayes is pretty upfront with his calls; he doesn’t hide them if he’s right or wrong.

In September, Hayes — now the chief investment officer at the VC firm he co-founded, Maelstrom Fund — made a short-term bearish call on Bitcoin, linking it to the sliding Japanese yen. However, things didn’t unfold as he had expected over that particular weekend, and Bitcoin held strong.

Fair play to Hayes; he later owned it on X, posting, “I was wrong.”

“Time to trade some dogshit memecoins,” Hayes said. Similarly, on March 24, Hayes said that Bitcoin would hit $110,000 before it retests $76,500. But just a month later, on April 9, Bitcoin sank to $76,500.

 

[ChopSengHuat]

Excellent post
Keep it up

 

[k1976]

Now what is interesting will come next week