- CoinGape's Newsletter
- Posts
- šØ BRICS vs. USD: Putin Unveils New Strategy Amid Trump's Policy Shifts
šØ BRICS vs. USD: Putin Unveils New Strategy Amid Trump's Policy Shifts
News
Russian President Vladimir Putin addressed Russiaās position within the BRICS alliance regarding using the U.S. dollar. Contrary to the BRICS blocās ongoing de-dollarization efforts, Putin clarified that Russia is not planning to abandon the dollar entirely but will limit its use as a settlement currency. Describing the dollar as a āpillar of U.S. power,ā Putin highlighted that the global trend toward alternative currencies is just a response to evolving economic dynamics.
As per the latest report, the Donald Trump administration is likely to consider Dan Gallagher as a replacement for US SEC chair Gary Gensler. The transition is likely to happen soon after Trump resumes office in January 2025, as the demand to fire Gensler grows from the crypto community.
$11.5 trillion AUM BlackRock Inc is in earlier talks to acquire a minority stake in $70 billion hedge fund manager Millennium Management LLC. Izzy Englanderās Millennium, which has never sold a portion of its business to a third party, is growing at a faster rate due to its strategy to diversify investments in multiple assets.
Markets
Crypto prices today stirred a whirlpool of speculations among market watchers globally, showcasing mixed price actions. While Bitcoin (BTC) maintained a trading session in the green at the $75K level, altcoins mainly reflected a turbulent market sentiment. Meanwhile, Neiro (NEIRO) popped up as the dayās top gainer.
The worldās largest crypto exchange Binance on Friday said it has added XRP and Dogecoin (DOGE) to smart arbitrage offerings. Binance Earnās addition of the trending tokens sparked huge speculation for an imminent price rally. The crypto exchange has also announced a special campaign with rewards totaling 45,000 USDT to celebrate the listings.
In recent Bitcoin news, the soaring interest from BTC whales has caught the eyes of the crypto market participants. According to recent reports, fresh wallets have accumulated $145 million in Bitcoin recently, bolstering market confidence over an ongoing rally to extend. In addition, on-chain data also hints towards the growing appeal of the flagship crypto among investors.