🚨 Breaking: US SEC Delays Decision On Grayscale Spot Hedera ETF 🌐

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🌍 XRPL: A Rising Stablecoin Hub in Global Fintech

🚀 The XRP Ledger (XRPL) is emerging as a significant player in the global fintech landscape, attracting major stablecoins and enhancing XRP's role as a liquidity engine. On June 12, Ripple highlighted the increasing presence of fiat-backed stablecoins on the XRPL, showcasing the protocol's growing importance in digital finance.

💡 Ripple pointed out that XRPL is maturing into a platform for tokenized financial products and cross-border settlements. The company stated,

A wave of new fiat-backed stablecoins are now live on the XRP Ledger including USDC, XSGD, EURØP, RLUSD, and USDB, accelerating institutional adoption and expanding the utility of XRP.

USDC, issued by Circle, offers a dollar-pegged option for enterprise payments. RLUSD, Ripple's stablecoin, recorded $500 million in Q2 volume. XSGD is tied to the Singapore dollar, while EURØP provides euro-denominated payments. USDB targets FX and remittance activity.

🔗 Ripple emphasized XRP's crucial role:

The XRPL’s native digital asset XRP retains a pivotal role, supporting stablecoin use cases by enabling efficient liquidity between assets.

The XRPL also features Permissioned Domains and Multi-Purpose Tokens, enhancing its support for regulated asset issuance and multi-currency applications. This combination positions XRPL as a key infrastructure layer for blockchain-based finance.

🚨 Just In: Donald Trump Truth Social Files for Dual Bitcoin and Ethereum ETF

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💰 Bitcoin Donation Scandal Rocks Czech Coalition Government

🚨 A bitcoin donation exceeding $46 million from convicted criminal Tomáš Jiřikovský to the Czech Ministry of Justice has triggered a crisis within the coalition government, leading to a no-confidence vote initiated by opposition parties on June 17. The scandal forced a minister's resignation just four months before parliamentary elections.

📰 Jiřikovský, whose criminal history includes embezzlement, drug trafficking, and illegal arms possession, has sparked public outrage with his donation to Prime Minister Petr Fiala’s government. Opposition figures have accused the government of being "involved with the underworld."

📢 Prime Minister Fiala acknowledged the situation during a session in the Chamber of Deputies, admitting it created an "unnecessary problem that could have been prevented" and shaken public trust in state institutions. He promised a thorough investigation to restore confidence, stating,

We are not sweeping anything under the carpet; we are ready to respond to any information that appears or will appear.

❌ Despite the uproar, the no-confidence vote is unlikely to succeed as the opposition holds only 91 votes, 10 short of the 101 needed. Vít Rakušan, chairman of the Mayors’ Association and Minister of the Interior, announced that his STAN movement would not support the vote to oust the government. He emphasized the importance of serving the best interests of the Czech Republic over short-term political gains.

🕒 Parliamentary debates are expected to continue late into the night of June 17 and possibly extend into June 18. Meanwhile, the new Minister of Justice, Eva Decroix, has committed to clarifying the circumstances surrounding the donation. A preliminary sequence of events will be published after government discussions, with an audit anticipated by the end of July.

🇷🇺 Russia and Belarus Achieve 98.8% De-Dollarization in Trade

🌍 The global trend of de-dollarization is accelerating as countries strive to diminish their dependence on the U.S. dollar for international trade. Russia and Belarus have nearly completed their transition to using national currencies for mutual transactions, with Deputy Prime Minister Alexei Overchuk announcing at the St. Petersburg International Economic Forum that this shift reached 98.8% in the first quarter of 2025. He stated,

We are increasing the share of mutual payments in national currencies... we have completely shifted to mutual payments in national currencies.

📈 Overchuk also emphasized the significant growth in bilateral trade between the two nations, which has risen from $35 billion to nearly $51 billion over the past five years. He noted a 3% increase in trade turnover compared to the previous year, highlighting that Russia is Belarus's main trading partner.

⚖️ While some analysts believe this de-dollarization strategy could provide greater monetary sovereignty and protect against external financial disruptions, others warn it may restrict access to global financial markets and complicate international trade beyond their partnership. Supporters argue it could strengthen economic ties between Russia and Belarus, promoting deeper integration within the Eurasian region.

🌐 This movement is not limited to Russia and Belarus; countries in blocs like BRICS, the Shanghai Cooperation Organization (SCO), and ASEAN are increasingly conducting trade in local currencies. This shift aims to reduce exposure to sanctions, exchange rate volatility, and U.S. monetary policy shifts. China is advocating for yuan-based trade, while India, Malaysia, Turkey, Argentina, and Zimbabwe are expanding bilateral currency agreements. This reflects a broader pursuit of monetary sovereignty and financial resilience amid geopolitical uncertainties.

💰 Russia's Cryptocurrency Market Soars as Institutional Investors Surge

🚀 Russia's cryptocurrency market is experiencing rapid growth as institutional investors invest trillions of rubles into digital assets and expand industrial mining operations. Vasily Girya, CEO of GIS Mining, announced at the St. Petersburg International Economic Forum that Russians' crypto holdings have exceeded 2 trillion rubles ($25.4 billion) by mid-2025.

According to our estimates, by the end of the first half of 2025, the value of Russians’ holdings in crypto assets surpassed 2 trillion rubles,

Girya stated. This milestone reflects a growing acceptance of digital currencies among Russians despite changing regulatory conditions. The significant increase indicates strong retail participation and a rising interest from major financial players.

📈 Investment and asset management firms are aggressively expanding their operations in response to a positive outlook on the profitability of crypto mining in Russia. Girya noted a notable increase in institutional interest, especially in bitcoin mining. He remarked,

Major investors continue to expand their digital currency portfolios by increasing orders placed with industrial mining operators.

🌍 While global regulators discuss the risks of cryptocurrencies, Russian institutional investors are leveraging the country's abundant energy resources for large-scale mining operations. This strategy not only optimizes resource use but also positions Russia as a significant player in the global crypto economy. The strong institutional momentum suggests that Russia's cryptocurrency market is set for further growth and could drive technological innovation and economic diversification in the coming years.

🎮 Valorant Masters 2025: A Milestone in Esports and Web3 Integration

🌟 The Valorant Masters 2025 held in Bangkok marked a significant moment in esports history, attracting over 4.3 million peak viewers and setting new viewership records for the Valorant series. This event highlighted the growing influence of Southeast Asia in both esports and crypto adoption, particularly in countries like South Korea, Vietnam, and Thailand.

🌍 The intersection of gaming and decentralized technology is reshaping the online competition landscape, enhancing fan experiences and sponsorship structures. As major tournaments like Valorant Masters expand, they are also establishing Web3 ecosystems that can benefit both players and viewers.

📢 The record viewership during T1’s victory underscored the importance of team identity in rallying national support. The success of Korean-language broadcasts emphasized the need for localized content in esports growth, especially in areas with high crypto usage.

📺 A significant trend observed during the Valorant Masters 2025 was YouTube surpassing Twitch as the preferred platform in Asia. This shift presents an opportunity for Web3 projects to incorporate blockchain incentives into livestreams. YouTube’s strong foothold in non-English-speaking regions makes it suitable for offering fan rewards through tokens, live tipping, and NFT tickets.

🌐 Riot Games’ expansion into Asian markets aligns with the rapid growth of Web3 infrastructure in emerging economies. Regions with high mobile adoption and interest in DeFi are ideal for integrating crypto-driven engagement models into esports.

🔮 Looking ahead, Valorant Masters 2025 demonstrates that esports is evolving into a comprehensive ecosystem. With the integration of blockchain technology in token sponsorships, crypto betting, and NFT interactions, the lines between gaming, blockchain, and digital identity are increasingly blurred. Major events like this are not only raising viewership standards but also paving the way for the next phase of Web3-powered entertainment.

💰 Coinbase Dominates Bitcoin Custody for Public Firms and ETFs

🏢 Coinbase, the leading crypto exchange, is solidifying its position in institutional crypto custody. CEO Brian Armstrong announced that eight of the top ten publicly traded companies holding bitcoin rely on Coinbase Prime for their bitcoin assets. Additionally, 81% of the $140 billion in crypto assets held by U.S. ETFs are also custodied by Coinbase. This highlights the company's growing influence in the financial infrastructure supporting digital assets.

📈 Armstrong shared these insights on social media following Coinbase's quarterly business review. He emphasized the company's focus on institutional growth and its expanding role in the ETF market. The statistics reveal Coinbase's commitment to providing digital asset custody and execution services for high-value clients.

🚀 On June 26, COIN reached an all-time high of $382.00, closing at $375.07. This surge reflects a broader crypto market rally and increasing institutional adoption, bolstered by favorable legislative developments such as the potential passage of the GENIUS Act for stablecoins.

🔒 Coinbase Custody is crucial for major clients like Blackrock and Strategy, which entrust the platform with their substantial bitcoin holdings. Blackrock utilizes Coinbase Prime to secure BTC in its Ishares Bitcoin Trust (IBIT) ETF, while Strategy also relies on Coinbase for the custody of its bitcoin reserves. This underscores Coinbase's significance in institutional-grade asset protection.

🏛 US SEC May Slash Crypto ETF Listing Time to Just 75 Days 📊

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📈 Bitcoin ETFs Surge Back with $408 Million Inflow

💪 Bitcoin exchange-traded funds (ETFs) made a strong comeback with a net inflow of $408 million on July 2, reversing the previous day's outflow. This rebound highlights increased investor confidence in the market. Fidelity’s FBTC led the inflows with $183.96 million, followed by Ark 21Shares’ ARKB with $83 million and Bitwise’s BITB adding $64.94 million. Other contributors included Grayscale’s GBTC ($34.56 million), Bitcoin Mini Trust ($16.53 million), and several others, bringing the total traded value to $5.22 billion and net assets to $136.68 billion.

📉 In contrast, ether ETFs experienced a slight dip with a minor outflow of $1.82 million. Despite positive inflows from Fidelity’s FETH ($25.80 million), Bitwise’s ETHW ($8.33 million), and others, a significant outflow from Blackrock’s ETHA ($46.89 million) pulled the segment into negative territory. The total value traded for ether ETFs remained stable at $832.10 million with net assets at $10.69 billion.

🔄 Overall, Bitcoin ETFs have clearly recovered from recent setbacks, while ether ETFs show resilience but may require closer management to sustain their growth.

🟢 XRP Market Analysis: July 5, 2025

📈 On July 5, XRP is trading at $2.22 with a market cap of $131 billion and a 24-hour trading volume of $1.33 billion. The asset has shown low volatility recently, trading within a narrow range of $2.20 to $2.24 for the day and $2.17 to $2.30 for the week.

🔄 The 1-hour chart indicates a consolidation phase for XRP, with prices fluctuating between $2.196 and $2.26. This horizontal movement suggests a potential breakout soon. Traders might consider scalping strategies by buying near $2.20 and selling near $2.26. A breakout above $2.26 would signal bullish momentum, while a drop below $2.196 could lead to a bearish trend.

⚠️ The 4-hour chart presents a more cautious view. XRP is showing signs of short-term weakness and forming a rounded top pattern between $2.147 and $2.327. Increased selling pressure and declining volume suggest buyer fatigue. For directional trades, a move above $2.26–$2.28 with confirmed volume would support a long entry. Conversely, a breakdown below $2.21 with rising sell volume could validate a short setup targeting the $2.15–$2.18 zone.

📊 Despite the short-term consolidation, the daily chart remains structurally bullish. After a downtrend in mid-June, XRP rebounded from a local low of $1.908 and stabilized above $2.20. Bullish engulfing candles near the $1.90–$2.00 support region indicate buying interest. Resistance is forming at $2.30–$2.34; a break above this level may lead to retests of $2.34 and higher, depending on volume confirmation.

⚖️ Oscillators across multiple time frames show neutrality, indicating market indecision. The Relative Strength Index (RSI) is at 52.45, and the Average Directional Index (ADX) reads 12.50, confirming a weak trend. While the Awesome Oscillator remains neutral, the Momentum indicator signals a buy, as does the Moving Average Convergence Divergence (MACD) level. However, the Stochastic Relative Strength Index indicates an overbought condition, suggesting possible short-term exhaustion.

📉 Moving averages present a mixed picture. Short-term averages signal bullish actions, while longer-term indicators show mixed signals. This divergence suggests that while short-to-mid-term momentum favors bulls, broader resistance levels should be monitored closely.

✅ Bull Verdict: XRP maintains a bullish structure on the daily chart, supported by positive momentum indicators. A breakout above the $2.30 resistance zone could propel the asset toward $2.34 and potentially higher.

❌ Bear Verdict: Despite macro strength, signs of fading volume and overbought oscillators raise caution. A decisive breakdown below $2.20 could signal a short-term reversal toward $2.15, exposing XRP to further downside risk.

🚨 Crypto Week: Trump Admin Gears Up for July 22 Digital Assets Report; Is a Strategic Bitcoin Reserve Ahead? 🌐

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🌍 BBVA Launches Cryptocurrency Services for Retail Customers in Spain

💱 Banco Bilbao Vizcaya Argentaria (BBVA) has recently introduced a cryptocurrency trading and custody service for retail customers in Spain. This new feature, which is fully integrated into the BBVA mobile app, allows users of legal age to buy, sell, and hold bitcoin and ether directly from their mobile devices. A company representative emphasized the bank's commitment to providing a seamless digital experience for its customers.

🛡 The service is entirely client-initiated, meaning that no investment advice is offered by the bank. This approach aligns with emerging EU regulations, specifically the European Regulation on Markets in Crypto-Assets (MiCA), which governs the provision of crypto-asset services within the European Union and aims to protect investors. BBVA stated,

The initiative is aligned with the European Regulation on Markets in Crypto-Assets (MiCA),

highlighting the importance of maintaining investor protections while engaging with the crypto market.

🌐 This launch in Spain follows BBVA's previous expansions into digital assets in Switzerland in 2021 and Turkey in 2023, broadening access from private clients to a wider retail user base. The bank's decade-long investment in blockchain infrastructure has supported this growth. BBVA began offering crypto services to high-net-worth clients in Switzerland before adding ether and stablecoins like USDC. Its Turkish division has also implemented a comprehensive crypto offering.

📈 Francisco Maroto, BBVA’s head of digital assets, stated,

Following this launch in Spain, BBVA has added another country to its digital assets service… Our aim is to offer the best investment and transaction-based solutions to our customers.

This launch reflects BBVA’s ongoing focus on digital transformation while striving to manage risks through a regulated framework.

🌐 DePINs: A Game Changer for Telecom Coverage and Consumer Trust

📈 The decentralized physical infrastructure network (DePIN) market is projected to reach a staggering $3.5 trillion by 2028, up from its current estimated value of $30 billion to $50 billion. This growth is largely driven by the rise of decentralized physical artificial intelligence (DePAI), which represents a "fundamental shift" in how AI interacts with physical infrastructure. Unlike traditional models, DePAI utilizes community-owned networks where users contribute to machine learning, eliminating the bottleneck of centralized datasets.

🌍 World Mobile, a leading DePIN, has made significant progress in Africa and Asia and is now set for an accelerated rollout in the U.S. The company's recent data shows promising growth dynamics, surpassing the 40,000 airnodes threshold and experiencing a nearly 4,000% increase in total revenue to $7.2 million. Mickey Watkins, founder and CEO of World Mobile, emphasized the company's mission to address "blackspots" in telecommunications coverage, stating,

The so-called mature U.S. telco market still leaves over 11% of the country completely unconnected.

📉 Consumer trust in major U.S. carriers like Verizon, AT&T, and T-Mobile is declining. A recent report revealed that Verizon experienced its "worst result on record" with a net loss of 289,000 postpaid phone customers. Meanwhile, cable companies and Mobile Virtual Network Operators (MVNOs) like Spectrum and Comcast are gaining ground by attracting more new phone customers than the three major carriers combined. This shift indicates that consumers are not just switching between traditional carriers but are increasingly looking for alternatives outside the conventional model.

💰 Watkins highlighted the economic pressures driving this trend. He noted that "people want new ways to earn" and pointed to the success of the sharing economy with platforms like Uber and Airbnb. World Mobile's AirNode operation aligns with this mindset by allowing individuals to monetize their connectivity. Watkins stated,

If you can earn from your spare room or your car, why not your connectivity?

🔄 World Mobile is accelerating its rollout in the U.S. due to favorable conditions for DePIN. Watkins explained that "people want privacy, ownership, and new income streams" and that the company is making this possible. He also discussed the earthnode buyback program designed to benefit the community by using a portion of the network's revenue to repurchase World Mobile Tokens (WMTx) from the market. This program, which began in May 2023, ensures fairness and transparency through random intervals for subsequent buybacks.

🚨 BlackRock Bitcoin ETF Could Hit $100B This Month, Bloomberg Analyst Predicts 🔮

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💰 Bit Digital Shifts Focus to Ethereum with $67.3 Million Share Offering

🔄 Bit Digital (Nasdaq: BTBT) is making a significant shift towards Ethereum by announcing a direct share offering of $67.3 million, with the proceeds earmarked for further ETH purchases. This move comes as part of the company's strategic pivot away from Bitcoin.

🤝 On Monday, Bit Digital entered into a placement agency agreement with B. Riley Securities to sell 22 million ordinary shares at $3.06 each to select institutional investors. The transaction is expected to close around July 15, pending customary closing conditions.

📈 This is Bit Digital's second capital raise focused on ETH in less than a month. In late June, the company raised $172 million through a public offering of 75 million shares at $2.00 per share, with similar intentions for Ethereum acquisitions.

🔄 Earlier this month, Bit Digital announced a complete transition to an Ethereum-based treasury strategy. This included converting 280 BTC from its balance sheet into ETH and using funds from a previous offering to increase its holdings. As a result, the company's ETH reserves have grown to 100,603 ETH.

🚫 Bit Digital has also revealed plans to wind down its Bitcoin mining operations and reposition itself around Ethereum staking and treasury management. Following the announcement of its full treasury pivot last week, shares of Bit Digital surged by 25%, although they dipped slightly by 1.2% on Monday after the latest capital raise announcement.

🚨 IMF Report: El Salvador's Chivo Wallet Breaches Bitcoin Non-Accumulation Agreement

📰 The International Monetary Fund (IMF) has issued a report highlighting El Salvador's non-compliance with the bitcoin non-accumulation quotas set in its $1.4 billion credit facility deal approved in February. The report points to the Chivo Wallet, the government's official bitcoin wallet, as the primary reason for this breach.

📉 According to the IMF,

Fluctuations in Chivo clients’ deposits denominated in bitcoin and Chivo’s liquidity management policy, which does not adjust to such fluctuations, led to minor breaches in conditionality.

This means that when Chivo Wallet users sell their bitcoin liquidity, the wallet does not sell the actual cryptocurrency, resulting in an increase in bitcoin ownership by the Salvadoran public sector.

🔍 The IMF monitors these disruptions by using signed statements for all hot and cold wallet addresses and their balances, along with a tool to detect daily changes in Chivo Wallet deposits. The report notes that

Corrective actions have been taken to establish a sufficient buffer to mitigate the risk of future breaches prior to the planned sale of Chivo.

📅 El Salvador's authorities have already announced a plan to unwind and/or sell Chivo Wallet this month, along with liquidating Fidebitcoin, a government-created fund for BTC-USD exchange operations. Interestingly, the IMF report does not mention the ongoing bitcoin accumulation program by the Salvadoran government, which has allowed the Bukele administration to continue purchasing bitcoin without impacting the deal.

💰 As of now, the National Bitcoin Office (ONBTC) of El Salvador reports that the nation holds over 6,239 BTC valued at over $740 million.