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- 🇷🇺 Russia's Bold Move: Launching 2 Crypto Exchanges & a BRICS Stablecoin! 🚨
🇷🇺 Russia's Bold Move: Launching 2 Crypto Exchanges & a BRICS Stablecoin! 🚨
CoinGape Media
August 23, 2024
News
Russia is set to launch two crypto exchanges and a BRICS stablecoin to boost foreign economic activity despite risks, sanctions challenges.
Russia is now planning to launch two major crypto exchanges, one in Moscow and the other in St. Petersburg. This move underscores the need to boost foreign economic activity (FEA). Moreover, it eyes building a Chinese yuan-pegged BRICS stablecoin, further pushing the dedollarization efforts.
The crypto exchange initiative is designed to provide a new platform for digital transactions. However, experts have expressed concerns over the potential limitations and risks associated with the project, particularly in light of international sanctions.
Sony partners Startale to announces new Ethereum layer-2 blockchain Soneium on Optimism. These crypto partners' tokens saw upsurge.
Sony Group announces its own blockchain “Soneium” in partnership with Startale. The public Ethereum layer 2 blockchain is built on Optimism’s OP Stack. With support from Astar Network, Alchemy, Chainlink, Circle, Optimism, and The Graph, the versatile chain aims to attract app developers from sectors including entertainment, gaming, and finance.
RFK Jr. withdrew from the 2024 presidential race in Arizona, sparking speculation about a potential endorsement of Donald Trump.
Robert F. Kennedy Jr., an independent candidate who had garnered attention for his pro-Bitcoin stance and reformist agenda, has filed paperwork to withdraw from the presidential race in Arizona. It has led to speculations of Kennedy joining Donald Trump’s team.
The latest move was confirmed by a spokesman for the Arizona secretary of state’s office late Thursday night. Moreover, it comes just one day before RFK Jr. is set to deliver a pivotal address in Arizona about the future of his campaign.
Markets
BTC breaks above $61K. The global crypto market cap soared 1%. Also, AVAX & TAO emerged as the day's top gainers.
Crypto prices today have mainly maintained a bullish trend, igniting optimistic sentiments among traders and investors. Bitcoin (BTC) price broke above the $61K mark, whereas Ethereum (ETH), Solana (SOL), and XRP traded in the green territory. Simultaneously, AAVE and Bittensor (TAO) emerged among the day’s top gainers.
Meanwhile, the global crypto market cap surged 1.03% over the past day to $2.15 trillion. However, the total crypto market volume witnessed a 16.57% decline to $57.51 billion, sparking speculations.
So, let’s take a closer look at some of the top crypto by market cap and their price movements today, August 23.
There are 4 promising crypto coins that show promise of a huge rally ahead of the US Fed rate cut decision in September.
The crypto coins market is poised for a significant rebound, with several coins predicted to triple in value. This comes ahead of the US Federal Reserve’s rate decision in September. Among the cryptocurrencies forecasted for a robust surge are TRON (TRX), Cardano (ADA), ConstitutionDAO (PEOPLE), and MAGA TRUMP.
Bitcoin price reaffirms the uptrend above $60,000, and Ethereum reclaims $2,600 support as XRP price challenges $0.6 resistance.
Bitcoin (BTC) price impending rally continued to thaw during Asian trading hours ahead of the Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Symposium at 10:00 AM EST. Altcoin majors such as Ethereum (ETH) price and XRP price faced mixed signals amid calls for liquidity to uphold upward momentum. At the same time, Avalanche (AVAX), Near Protocol (NEAR), and Bittensor (TAO) beamed with modest gains of 11%, 7%, and 9.5%, respectively.