The BRICS nations (Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates) have officially adopted the Kazan Declaration during their annual summit in Kazan, Russia earlier today.

Russian President Vladimir Putin (who is the BRICS president this year) confirmed that the Declaration is ready to be presented to the United Nations soon.

He confirmed that it includes decisions about expanding the bloc more, alongside a specific focus on international matters. The Kremlin also made it clear that there were no disagreements regarding BRICS’ position on the ongoing Ukraine crisis.

Focus on Ukraine and the Middle East 

One of the declaration’s main points is Ukraine. BRICS called for adherence to the UN Charter, pushing for peaceful resolutions through dialogue and diplomacy.

The document mentions that proposals for mediation to resolve the conflict have been acknowledged, though the details remain undisclosed.

The Kazan Declaration also dedicates significant attention to the escalating violence in the Middle East. The leaders expressed “grave concern” over the humanitarian crisis in Gaza and the West Bank, caused by the Israeli military offensive.

Civilians have been killed, and infrastructure has been destroyed, which the BRICS countries condemned. The declaration demands an immediate stop to military actions in these regions.

Sanctions, financial reform, and BRICS’ economic moves

Western sanctions received harsh criticism in the Kazan Declaration. BRICS said its “deep concern” over how unilateral sanctions (especially those imposed without international consensus) are affecting the global economy.

They emphasized that measures like that disrupt trade and undermine the global pursuit of sustainable development goals. Given the makeup of BRICS, with many member countries already under sanction pressures, this isn’t surprising.

The declaration also laid out plans for reforming the international financial system. BRICS wants the current architecture restructured to make it more inclusive and just, particularly when it comes to global economic governance. They believe the system must adapt to better reflect the needs of the world, not just the interests of a select few.

Infrastructure, insurance, and financial innovations

BRICS is exploring the idea of an independent cross-border settlement and depositary structure called BRICS Clear. If successful, this system will stand alongside existing financial market infrastructures but offer a BRICS-led alternative.

Alongside this, the idea of BRICS creating an independent reinsurance company is under review, though participation would be voluntary.

The bloc is also focusing on expanding interbank cooperation mechanisms, promoting innovative financial practices, and developing ways to finance projects in local currencies.

The Kazan Declaration touched on global governance as well. BRICS reaffirmed their support for maintaining a strong International Monetary Fund (IMF) and a well-funded Global Financial Safety Net. 

They also recognized the ongoing importance of the G20 in facilitating consensus-driven, productive outcomes. This focus on global cooperation is not new, but BRICS emphasized that the current structures need to be more representative and fair.

The BRICS summit also brought together China and India for a big moment. Chinese President Xi Jinping and Indian Prime Minister Narendra Modi held formal talks for the first time in five years.

The meeting came after a period of tension between the two countries following a deadly military clash in 2020 along their Himalayan border. 

Both leaders have agreed to improve communication, with Modi and Xi directing their officials to take concrete steps to stabilize all aspects of their bilateral ties. India also confirmed that a deal has been reached with China to resolve the military standoff in Ladakh, though no details were shared.

Crypto All-Stars ($STARS) eclipsed the $2.6 million mark in its presale as the meme coin supercycle signals a comeback.

This project, featuring the industry’s first unified meme coin staking protocol that supports both multi-token and multi-chain assets, is poised to be a new avenue for generating passive income from some of the most playful tokens in the market.

Called MemeVault, the protocol allows top meme coins to be pooled together to earn substantial rewards, making it an ideal way to maximize returns, especially as meme coins pick up steam this “Uptober.”

To join the only protocol that unites all meme coins, like a heroic ensemble of meme coin champions, you can purchase its native token, $STARS, for $0.0015188.

However, act quickly – this price will rise to $0.0015248 in less than two days.

Dogecoin and Brett Lead the Meme Coin Supercycle

Meme coins made a strong push toward the $60 billion mark on Monday.

And despite being down approximately 5.45% from this peak, the sector’s performance signals a definitive departure from the bear market that has held sway since June.

The meme coin granddaddy, Dogecoin ($DOGE), is leading this renewed uptrend, which has surged by 14.61% in the past week.

Another standout is Brett ($BRETT), which recently joined the billion-dollar market cap club.

This top meme coin on the Base chain currently trades at $0.09949, marking a 21.9% increase over the last 30 days.

A fresh “chiseled” face token mascot joining the ranks of top meme coins is Gigachad ($GIGA), which has seen a 54% increase in the past week.

Another big gainer is Goatseus Maximus ($GOAT), which increased by 161% in the same time frame.

All of this points to a resurgence in the meme coin supercycle, poised to challenge its previous record of a $69.8 billion market cap set earlier this year.

But what distinguishes this cycle from the previous bullish push? The returns multiplier in Crypto All-Stars is a game-changer that wasn’t present before.

Meme Vault Is the Steroid for Meme Coin Returns

Crypto All-Stars is a bright spot for the meme coin sector, regardless of the prevailing market conditions.

Whether the market is soaring or dipping, Crypto All-Stars’ MemeVault consistently delivers returns for meme coin holders.

During uptrends, meme coin holdings generate capital gains, while users also earn passive income by locking them up for staking with MemeVault.

This helps control the supply of specific tokens and mitigate drastic price drops.

In downtrends, it allows users to generate returns even when tokens are underperforming.

Lower asset prices combined with MemeVault staking could incentivize accumulation, potentially setting the stage for the next bull run.

Once MemeVault launches, its unique features could serve as a powerful price booster and stabilizer for tokens across the sector.

Sip on a Meme Martini

Stir up your gains by staking your favorite meme coins in the MemeVault! pic.twitter.com/N9yBs5dsaq

— Crypto All-Stars (@all_stars_coin) October 14, 2024

But that’s just the tip of the iceberg. The real standout element of the Crypto All-Stars project is the introduction of a new meme coin: $STARS.

The Real Star of the Crypto All-Stars Show Is $STARS

Crypto All-Stars’ $STARS token serves as the rewards multiplier for the entire ecosystem, playing a crucial role in accelerating returns.

When users stake meme coins to earn $STARS and hold onto them, they can accumulate even more $STARS over time.

The more $STARS stashed away, the juicier the rewards become, with the potential to even triple gains.

Additionally, $STARS has its own independent staking protocol, currently offering a 578% APY – a fantastic opportunity to accumulate tokens ahead of the MemeVault launch.

This reflects the hodling dynamics at play, positioning $STARS as an appealing option for investors aiming to build their positions in a token that could attract the attention of the Binance listing team due to its strong investment potential.

Such a sentiment aligns with what the MemeFi Club suggests in a video about Crypto All-Stars that is shared with its 3.84 million subscribers.

The project is just getting underway. With its technology that simplifies the staking process for meme coins, the development team will undoubtedly unveil a range of exciting functionalities for $STARS within its ecosystem.

Currently, it’s clear that the project is taking a DeFi approach, genuinely integrating meme coins into this rapidly evolving sector.

As proof of its forward momentum, Crypto All-Stars is expanding the roster of meme coins accepted in its protocol.

Alongside favorites like $DOGE, $BRETT, PepeCoin ($PEPECOIN), Bonk ($BONK), Turbo ($TURBO), and others, there’s a chance that $GIGA and $GOAT could be added to the lineup soon.

If you haven’t jumped in yet, head over to the Crypto All-Stars website, connect your wallet (such as Best Wallet), and swap ETH, USDT, or BNB for $STARS. Bank card payments are also accepted.

Meme coins such as $FLOKI, $SHIB, $DOGE, and $PEPE can also be used for purchasing $STARS tokens during the presale through the site’s user-friendly widget.

Rest assured, Crypto All-Stars’ smart contract has undergone a full audit by Coinsult and SolidProof, with no issues found regarding its code integrity.

Stay in the loop by joining the Crypto All-Stars community on Telegram or X for the latest project updates.

Visit Crypto All-Stars

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