The BRICS economic alliance has clocked $1 trillion worth of internal trade between its member countries, according to a Russian official. Kirill Dmitriev, chief executive of the Russian Direct Investment Fund (RDIF), confirms the number on his Telegram channel. “A major milestone, which confirms the strengthening of economic ties and the growing role of the association in the formation of a new architecture of global economy. We continue strengthening business ties, including through the BRICS Business Council, as requested by Russian President Vladimir Putin.” BRICS held its first summit in 2009 and was originally known as BRIC, representing its four founding members: Brazil, Russia, India, and China. The acronym became BRICS after South Africa joined the group in 2010. In 2024, it expanded membership to other nations, including Iran, Egypt, Ethiopia and the United Arab Emirates. Indonesia joined in early 2025. Brazil also claims that Saudi Arabia is part of the bloc, but the Middle Eastern country has reportedly eschewed formal membership in the intercontinental economic alliance to avoid antagonizing the US. The economic alliance also includes 10 “partner countries,” including Belarus, Bolivia, Kazakhstan, Cuba, Malaysia, Nigeria, Thailand, Uganda, Uzbekistan and Vietnam. Partner countries aren’t full-fledged members but are invited to participate in the BRICS summit and can endorse the alliance’s declarations. Brazil says current BRICS priorities include “facilitating economic transactions between bloc countries, such as the use of local currencies; the development of international payment platforms; cooperation in government procurement; and the promotion of trade facilitation measures, among others.” In 2023, the alliance reportedly began working on creating a common currency backed by gold and potentially additional precious metals and assets to circumvent international reliance on the US dollar, though officials from several of the bloc’s member countries claimed earlier this year that they weren’t pushing for de-dollarization. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Russian Official Says BRICS Internal Trade Has Surged to $1,000,000,000,000 appeared first on The Daily Hodl .
Circle’s successful IPO has sent a signal to Wall Street and the crypto world. Is this the beginning of a crypto IPO supercycle?
Vitalik Buterin’s introduction of “Pluralistic IDs” marks a pivotal advancement in digital identity privacy within the blockchain ecosystem. This innovative concept enables users to maintain multiple, purpose-specific identities, enhancing security
Bitcoin’s evolution has been quite spectacular, especially in terms of global adoption. Recall that the asset was mostly ignored by legacy investors for its initial years, then became the laughing stock of many, before it finally started to capture the attention of previous doubters. As prominent names like Paul Tudor Jones III , Kevin O’Leary , or even former critic Ray Dalio started to enter the ecosystem, their general advice was that people should look to invest no more than 5% in the cryptocurrency. However, the adoption curve has completed a 180-degree turn, and some financial advisors are now recommending bigger percentages. A lot bigger. 40% in BTC? As reported by CNBC, Ric Edelman, head of Digital Assets Council of Financial Advisors, noted that a lot has changed since his initial take on the matter, which was four years ago. At the time, he advised investors, especially the more conservative ones, to allocate around 1% of their portfolios to BTC. “Today I am saying 40%, that’s astonishing. No one has ever said such a thing,” he said now. The reason for this monumental increase in his recommendation is the global status of Bitcoin (and some other cryptocurrencies). Most were ridiculed several years ago when it was unknown whether countries, such as China, or even the US, might move to ban them in some form. Now, the situation is entirely different as the US and a few others have presented plans on how to accumulate BTC as a reserve asset. Old-School 60/40 Doesn’t Work One of the most popular theories for investing is allocating 60% of a portfolio into stocks and 40% into bonds. While this classic split may have worked in the past, the landscape is different now, and it requires more risk and a greater exposure to stocks, according to Edelman. “If you’re a financial advisor and you had a 30-year-old client who was saving for their long-term future, you would tell them to put 100% of their money in stocks, because they have 50 years to go. Today’s 60-year-old is kind of like yesterday’s 30-year-old. You need to get better returns than you can get from bonds, and you need to hold equities longer than ever before.” Instead of such solid exposure to stocks, though, he said people should diversify with crypto and BTC in particular, which is a “wonderful way to improve modern portfolio theory statistics.” “The crypto asset class offers the opportunity for higher returns than you’re likely to get in virtually any other asset class,” Edelman concluded. The post Forget 1%, 3%, or 5%: Financial Advisor Recommends Up to 40% Bitcoin Allocation appeared first on CryptoPotato .
South Korea’s new Trade Minister, Yeo Han-koo, landed in Washington this week with one mission: to stop the United States from reimposing steep tariffs and to lock in a trade deal that benefits both nations. The visit wrapped up on Friday, just ahead of a looming July 9 deadline, when President Donald Trump’s paused 25% tariffs could come roaring back. According to a government statement from Seoul, Yeo met with Commerce Secretary Howard Lutnick, Trade Representative Jamieson Greer, Interior Secretary Doug Burgum, and multiple U.S. lawmakers to push for a fresh agreement. During those meetings, Yeo also laid out President Lee Jae Myung’s trade policy, doubling down on the administration’s interest in long-term cooperation. “The ongoing negotiations are not merely for tariffs but also an opportunity to establish a new framework for future cooperation,” Yeo said. “We will fiercely engage in the discussions to ensure the two countries’ momentum for cooperation won’t be undercut by the tariffs, and to turn the current crisis into an opportunity.” Korean economy faces pressure as U.S. targets tech, trade The urgency is real. If Trump’s across-the-board tariffs are reinstated, they could cripple Korea’s key industries. The country is a major manufacturing partner to the U.S., supplying semiconductors, vehicles, and batteries—all sectors exposed to tariff risks. On top of that, the Bank of Korea recently downgraded the country’s 2025 GDP forecast to 0.8%, down from 1.5%, signaling the fragile state of its domestic economy. Yeo also flagged growing concerns from Korean companies about the U.S.’s tightening export control policies, especially as Washington moves to block high-end tech from reaching China. Those restrictions are already affecting supply chains and slowing down production timelines for Korean manufacturers. Yeo made clear that these trade and tech challenges are connected—and must be addressed together. Meanwhile, Lutnick went on Bloomberg Television and announced that the U.S. is working to wrap up 10 new trade agreements in the next two weeks, aiming to finalize terms before the tariff freeze expires. He did not say which countries were on that list. “We’re going to do top 10 deals, put them in the right category, and then these other countries will fit behind,” Lutnick said. He added that some partners might get more time, depending on Trump’s call, but gave no confirmation. Trump plans tiered deals and “letters” to holdouts Trump’s approach is binary; deal or penalty. Countries that don’t reach agreements by July 9 will receive formal “letters” laying out U.S. demands. “Those who have deals will have deals, and everybody else that is negotiating with us, they’ll get a response from us and then they’ll go into that package,” Lutnick said. He noted that Trump could still allow more time for talks, but once tariffs return, they’ll be locked in. India and Japan are also in the scramble. On Thursday, Trump hinted that India is close to a deal. Rajesh Agarwal, India’s chief negotiator, is leading a team in Washington this week to close gaps with U.S. officials. Japan’s chief negotiator Ryosei Akazawa is also heading into another round of meetings. Before leaving, he told reporters that Japan “can’t accept” the 25% car tariff. But in Tokyo, Chief Cabinet Secretary Yoshimasa Hayashi declined to comment directly on Lutnick’s remarks, saying only that talks are ongoing and the matter remains a priority. As for China, the situation is complex. A new trade understanding is technically in place, covering terms discussed earlier this year in Geneva and London, but it’s still full of conditions. Both sides have blamed each other for violating previous handshake agreements. This latest deal, pending sign-off from both Trump and Xi Jinping, includes a provision that China must resume exporting rare earth materials before the U.S. lifts countermeasures. Lutnick explained that U.S. trade limits on products like ethane (used in plastics), chip design software, and jet engine tech will remain until China follows through. This isn’t a full trade deal either—it leaves out thorny issues like fentanyl smuggling and market access for American exporters. But it’s part of the broader set of “packages” the Trump administration wants done before the tariff clock runs out. KEY Difference Wire helps crypto brands break through and dominate headlines fast
Bitcoin has been on a recovery trend after falling below $100,000 last weekend. The break of this psychological level was no doubt a demoralizing development. However, the largest cryptocurrency by market cap has since recovered, pushing toward $108,000 before hitting resistance. This resistance has become a major obstacle in the campaign for new all-time highs, and with momentum declining at this level, it carries some bearish implications for the price. Bitcoin Resistance Says Crash Could Be Incoming In a TradingView post, crypto analyst FirstNameHelen, outlined the resistance level that Bitcoin has failed to beat and that is now driving the bearish momentum. The analyst highlights $108,200 and $108,800 as the levels of concern, and this is where there has been significant resistance for the Bitcoin price. This level has previously been the ceiling for the price, according to Helen, and this is why it has been important. However, the retest in a bid to break above the resistance has been unsuccessful, and this suggests that bears are still firmly in control of the price. After this pushdown, the Bitcoin price has consolidated below the support level in the last few days. While this could sometimes mean a gathering of momentum to facilitate the next move upward, the crypto analyst explains that this means there is hesitation in the market. Since investors are not willing to move forward and remain cautious, the potential for a bearish reversal is increased as pressure rises. The possibility of the reversal points to only a short-term rally and not a sustained move upward that could see the price reach new all-time highs. Unless the price sees a definitive break through the resistance and makes its way into the $110,000 level, then it is likely to continue its decline. In light of the piling bear pressure, Helen has predicted that the price could move downward toward the next support level. This lies at $103,000 as the corrective wave moves into motion. It also coincides with the declining trendline from the mid-June peaks. If this weekend plays out similarly to last weekend, then the Bitcoin price could be looking at another major crash that could send it below $100,000 again. A 10% crash would see a retest of its June lows, especially as uncertainties about the war in the Middle East abound. However, if momentum does rise again, then a breakout could be possible. At its current price level, the Bitcoin price is only around 5% shy of breaking its all-time high of $111,900. Meanwhile, the altcoin market continues to struggle as prices sit at low levels.
The post BlackRock XRP ETF Buzz Grows as Ripple SEC Lawsuit Nears End appeared first on Coinpedia Fintech News Ripple’s years-long battle with the U.S. SEC is finally wrapping up, and the crypto world is buzzing with what this could mean next. With Ripple officially dropping its appeal against the SEC , many industry analysts believe the road is now wide open for a U.S. spot XRP ETF, possibly even from asset management giant BlackRock. As optimism floods the market, XRP’s price is already reacting, climbing over 3.5% in a matter of hours. Closed chapter on this clears way for spot XRP ETF… Also clears way for BlackRock to jump in. https://t.co/t3f8ycOeEx — Nate Geraci (@NateGeraci) June 28, 2025 Lawsuit Ends, XRP ETF Approval Talk Begins Last Friday, Ripple made a decisive move by dropping its cross-appeal in the XRP lawsuit. This marked the true end of a legal fight that has stretched since 2020. Nate Geraci, president of The ETF Store, called this a major turning point, saying it clears the way for a spot XRP ETF. With Ripple out of legal soup, BlackRock and other big players may now feel confident enough to explore launching an XRP-backed ETF. BlackRock XRP ETF Could Be Next? BlackRock hasn’t confirmed anything yet, but speculation is running hot. Earlier rumors in April and May 2025 about BlackRock launching a spot XRP ETF weren’t based on facts. In reality, BlackRock has consistently said they’re not interested in altcoins like XRP right now, mainly because of the legal issues Ripple was facing with the SEC. [post_titles_links postid=”476018″] However, based on last month’s hype, Bloomberg analysts raised the odds of an XRP ETF approval to over 95%, noting that the SEC is engaging more positively with altcoin ETF filings. According to Polymarket , there’s now a 78% chance we’ll see a spot XRP ETF approved before the year ends, and while the denial game is still on, there are hints that BlackRock would be the most likely player to take the lead. XRP Price Pops, Whales Accumulate As news of the dropped appeal broke, XRP surged to $3.18, gaining over 3.5%. This jump was accompanied by $5.5 million in liquidations, especially from short sellers who bet against the rally. Legal experts like Fred Rispoli and Bill Morgan praised Ripple’s strategic decision, pointing to increasing signs of institutional accumulation, large wallets loading up on XRP, even before the lawsuit ended. While the U.S. is still warming up to XRP ETFs, Canada has already launched one. The 3iQ XRP ETF recently debuted and quickly hit $32 million in assets under management, showing strong early demand. Now, all eyes are on the U.S. and whether BlackRock is ready to make the next big move. [article_inside_subscriber_shortcode title=”Never Miss a Beat in the Crypto World!” description=”Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.” category_name=”News” category_id=”6″] FAQs How does Ripple dropping its appeal affect XRP’s future? Ripple dropping its appeal against the SEC significantly clears the legal pathway for a U.S. spot XRP ETF, as it signals the end of a long-standing legal battle, boosting market optimism and potentially institutional adoption. What are the current odds of a spot XRP ETF being approved in the U.S. this year? According to Polymarket, there’s currently a 78% chance that a spot XRP ETF will be approved in the U.S. before the end of 2025, reflecting strong market confidence following Ripple’s legal actions. How has XRP’s price reacted to the news of Ripple dropping its appeal? Following the news, XRP’s price surged to $3.18, gaining over 3.5% in a matter of hours. This jump was accompanied by $5.5 million in short liquidations, indicating a strong positive market reaction.
Solana (SOL) remains one of the strongest Layer 1 performers of the cycle, showing resilience amid broader market turbulence. However, despite its established dominance, fresh capital appears to be rotating into emerging altcoins with higher upside potential, and Mutuum Finance (MUTM) is quickly becoming one of the most closely watched names in that category. The project has already attracted over 12,500 investors who have raised $11.2 million while the presale is ongoing. Investors participating in the Mutuum Finance Phase 5 presale will enjoy a 100% return on investment when it goes live at $0.06. Some analysts are suggesting its short-term growth could lag behind newer, more agile projects entering the market during a potential altcoin season. For investors scanning the market for the next crypto to explode or what cryptocurrency to invest in today, Mutuum is starting to stand out as a serious coin. Solana Steadies Near $145 as Network Activity Builds Up Solana (SOL) is currently trading around $145, showing a measured rebound following a recent dip to the $135–$140 area amid macroeconomic uncertainty. Technical indicators suggest consolidation around the 20-day EMA near $147, a critical level whose breach could pave the way toward higher resistance in the $150–$155 zone. On-chain metrics remain strong, with network throughput holding stable, hinting at underlying demand despite price volatility. Longer-term forecasts remain varied, short-term models predict moderate 5–7 % gains, while bullish narratives point to $300+ by late 2025 as institutional interest continues to grow. Overall, Solana appears to be in a stabilizing phase, threading the needle between consolidation and a potential breakout. Amid this backdrop, attention is also turning to emerging DeFi players like Mutuum Finance (MUTM). Game-Changer: Mutuum Finance Disrupts DeFi Lending Mutuum Finance (MUTM) is revolutionizing a new generation lending platform where users retain full ownership of their assets and passively diversify to optimize the earning potential using a flexible safe system. The system is an effective dual-lending system that combines the Peer-to-Contract (P2C) and Peer-to-Peer (P2P) models. The P2C model uses a smart contract to control lending pools whose interest rates are floating. The system is made responsive to real-time market conditions, a factor that makes returns to lenders more certain and borrowers financially sound. In the meantime, there are also the P2P model which completely excludes middlemen and allows the user to agree on terms among themselves. That sort of setup of direct lending is particularly helpful with less stable assets such as meme coins since flexibility and control take priority there. Phase 5 of the Mutuum Finance Presale Is Underway, $11.2 Million Raised Mutuum Finance’s (MUTM) presale became a record by raising over $11.2 million, attracting over 12500 token holders. It is currently on Phase 5 investor confidence continues to grow as the platform distinguishes itself from short-term meme coins. Mutuum Finance Stablecoin Launch and CertiK Audit In yet another step to further build its ecosystem Mutuum Finance is soon to launch a fully collateralized USD-pegged stablecoin on the Ethereum network. Contrary to algorithmic stablecoins which have been challenged by price stability problems Mutuum Finance’s stablecoin is to be backed by real assets. The platform has also undergone a security audit by CertiK one of the most known names in blockchain security. Mutuum Finance (MUTM) is emerging as a potential outperformer in the next altcoin season, possibly even outpacing Solana (SOL). While SOL holds strong around $145 with steady network activity, Mutuum’s Phase 5 presale at $0.03 offers a 2x return at launch ($0.06), backed by a disruptive DeFi lending model, a forthcoming USD-pegged stablecoin, and a CertiK audit. Over $11.2 million raised and 12,500+ investors show growing momentum. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance
The long-running legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is finally coming to an end, bringing clarity not just for Ripple and XRP but for the broader cryptocurrency industry. Legal expert and prominent commentator Bill Morgan marked the conclusion by highlighting four key victories that Ripple has secured through this landmark case. Programmatic Sales Are Not Investment Contracts One of the most significant moments in the case came in July 2023, when U.S. District Judge Analisa Torres ruled that Ripple’s programmatic sales of XRP, those conducted on public exchanges, did not constitute securities transactions. This was a major blow to the SEC’s theory and a huge win for Ripple. As Bill Morgan noted, “commonsense has prevailed.” The court found that purchasers in the secondary market had no reasonable expectation of profits based on Ripple’s efforts, which disqualified such transactions under the Howey Test. The SEC v Ripple lawsuit is finally, finaly, OVER. Commonsense has prevailed. Programatic sales are not investment contracts. Ripple has found other ways to sell XRP to institutions XRP itself is not a security https://t.co/myX2lazO3S — bill morgan (@Belisarius2020) June 27, 2025 XRP Is Not a Security Judge Torres also ruled that XRP itself is not a security. This ruling was crucial because it established that the token, on its own, is not inherently an investment contract. The SEC’s attempt to label all XRP as a security was unequivocally rejected by the court. Morgan rightly emphasized this point in his summary, reinforcing the fact that the ruling brings clarity to how XRP is classified going forward. The Lawsuit Is Now Officially Over On June 27, 2025, Ripple CEO Brad Garlinghouse confirmed that the company will drop its cross-appeal , and that the SEC is expected to do the same, finalizing the lawsuit for good. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 While the SEC had initially sought to appeal certain parts of the 2023 ruling, it has promised to withdraw the appeal. With both sides stepping back, the case is now fully closed. Morgan’s statement that it’s “finally OVER” is not just celebratory, it’s legally accurate. Ripple Has Established Compliant Institutional Sale Methods While Ripple did lose on the issue of institutional sales, which the court ruled did violate securities law, the company has since adapted. Ripple faced a proposed $125 million civil penalty, which it moved to settle for $50 million. Although Judge Torres initially rejected that settlement, both sides have signaled their willingness to bring the matter to a close. In the meantime, Ripple has found compliant avenues to continue institutional sales of XRP, demonstrating resilience and adaptability. A Clearer Path for Crypto The conclusion of this case removes a major source of regulatory uncertainty hanging over XRP and the U.S. crypto market. Ripple’s legal victory sets a precedent that could influence other token-related cases and gives the industry a clearer understanding of what constitutes a security. XRP has responded positively in the markets, gaining 4.26% in 24 hours. This reflects renewed investor confidence. Bill Morgan’s summary captures what many in the crypto world feel: four decisive victories that not only clear XRP’s name but pave the way for a more defined regulatory future. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Legal Expert Marks Four Major Victories for Ripple and XRP appeared first on Times Tabloid .
SharpLink Gaming, a Nasdaq-listed company, has reinforced its commitment to digital assets with a fresh $4.82 million Ethereum (ETH) purchase, signaling growing institutional confidence in crypto treasury strategies. This acquisition