Russia’s crypto market is accelerating fast as institutional investors pour trillions of rubles into digital assets and rapidly expand industrial mining, capitalizing on abundant energy to strengthen global positioning. Digital Asset Boom Strengthens as Russians Top 2 Trillion Rubles in Crypto Holdings A bullish surge in Russia’s cryptocurrency sector is intensifying as domestic investors aggressively
Ethereum price started a fresh increase from the $2,120 zone. ETH is now up over 8% and might face resistance near the $2,460 zone. Ethereum started a fresh upward move above the $2,200 level. The price is trading above $2,250 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,240 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it settles above the $2,460 resistance zone in the near term. Ethereum Price Regains Traction Ethereum price started a fresh increase from the $2,120 support level, like Bitcoin . ETH price was able to clear the $2,200 and $2,250 resistance levels to move into a positive zone. Besides, there was a break above a key bearish trend line with resistance at $2,240 on the hourly chart of ETH/USD. The bulls even pushed the price above the 61.8% Fib retracement level of the downward move from the $2,568 swing high to the $2,114 low. Ethereum price is now trading above $2,300 and the 100-hourly Simple Moving Average . On the upside, the price could face resistance near the $2,440 level. The next key resistance is near the $2,460 level. It is close to the 76.4% Fib retracement level of the downward move from the $2,568 swing high to the $2,114 low. The first major resistance is near the $2,500 level. A clear move above the $2,500 resistance might send the price toward the $2,550 resistance. An upside break above the $2,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,620 resistance zone or even $2,650 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,460 resistance, it could start a fresh decline. Initial support on the downside is near the $2,340 level. The first major support sits near the $2,320 zone. A clear move below the $2,320 support might push the price toward the $2,250 support. Any more losses might send the price toward the $2,150 support level in the near term. The next key support sits at $2,120. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,320 Major Resistance Level – $2,460
RollDex, the decentralized derivatives protocol, has rebranded to RollX and is experiencing significant traction on the Base chain, according to verified reports. The platform’s daily trading volume has surged past
IP saw some demand over the past few days that resulted in a price bounce.
Bitcoin and other crypto funds have kept the cash register flowing for 10 straight weeks, pulling in $1.24 billion in the latest period. That brings the year-to-date haul to $15 billion. Even holiday trading lulls and global jitters haven’t stalled the momentum. Investors seem to be treating this pullback as a chance to buy, not a reason to sell. Related Reading: Stablecoin Wars Ignite: Peter Schiff Champions Gold-Backed Digital Assets Bitcoin And Ethereum Lead The Pack According to CoinShares data, Bitcoin pulled in $1.114 billion this week alone. It has now logged $2.37 billion month-to-date and $12.7 billion YTD, across nearly $152 billion in assets under management. Ethereum chipped in with its ninth straight week of gains, adding $124 million in weekly inflows. That pushed its month-to-date total past $1 billion and its YTD figure to $2.43 billion, across $14.29 billion of assets. Investors aren’t scooping up bearish bets, either: short Bitcoin products saw just $1.4 million in outflows this week and $8.7 million since January. Altcoins See Mixed Results Solana attracted $2.80 million this week and nearly $3 million month-to-date, lifting its YTD flows to almost $86 million. XRP pulled in $2.70 million weekly and $10.55 million month-to-date, taking its year-long total to $268 million across $1.205 billion in managed assets. But funds that package multiple tokens bled $5.76 million this week and almost $17 million for the month—though they’re still up $58 million in 2025. Other altcoin vehicles are in rough shape, with $509 million of outflows since January. Regional Trends Highlight The US The United States led global flows with $1.25 billion in weekly inflows. That’s $3.37 billion month-to-date and $14.30 billion YTD, out of $135 billion under management. Canada added nearly $21 million this week and $42.8 million for June. Germany chipped in almost $11 million while Australia booked $16.6 million. Brazil bucked the trend with $9 million of outflows this week and $26.4 million in June, but it’s still about $34.8 million ahead for the year. Smaller Tokens Struggle For Attention Some newer names drew mixed reactions. Sui saw $8.5 million drain this week despite $3.3 million of gains so far in June. Litecoin eked out $0.21 million in weekly inflows and clos to $6 million YTD. Related Reading: Dogecoin Breaks Free—Could Soar 60%, Analyst Says Cardano and Chainlink grabbed $0.34 million and $0.6 million this week, respectively. But smaller “other” products pulled in only $2.75 million against heavy selling since January. Institutions are still finding reasons to back crypto even as global events and holiday thins slow trading. Total weekly flows hit $1.23 billion, taking June’s total to $3.38 billion and the year’s to $15 billion, across $176 billion in overall assets. Based on these trends, big spenders aren’t ready to abandon digital tokens. They’re treating pullbacks like offers they can’t pass up. Featured image from Unsplash, chart from TradingView
As the crypto market enters a new phase of growth, established giants like Bitcoin and Ethereum continue to set the pace, while Polkadot (DOT) maintains its reputation as a leading interoperability platform. Amid this backdrop, MAGACOIN FINANCE is emerging as a breakout contender, drawing comparisons to the early trajectories of these market leaders and positioning itself as a high-upside opportunity in the evolving altcoin landscape. MAGACOIN FINANCE: Scarcity-Driven Growth and Surging Demand MAGACOIN FINANCE is rapidly building momentum, with analysts highlighting it as a top early-stage pick thanks to its scarcity-driven tokenomics and fast-selling presale. The project has already raised over $10 million, supported by a full HashEx audit and a capped supply model designed for sustained value growth. Investor confidence is rising, underpinned by a transparent governance structure and a strong community-first focus. As presale phases continue to fill, MAGACOIN FINANCE is increasingly seen as a compelling opportunity—well-positioned for further upside as it nears public listing. Analysts note the project’s structured rollout and scarcity mechanics, which historically have produced outsized returns for early entrants. Bitcoin (BTC): Institutional Momentum and Market Anchor Bitcoin remains the market’s anchor, trading above $112,000 and supported by robust institutional inflows and ETF demand. Analysts see potential for BTC to reach $130,000–$200,000 if the current uptrend persists. While Bitcoin’s upside is steady, its early-stage success story is inspiring investors to seek similar growth in new projects like MAGACOIN FINANCE. Ethereum (ETH): Bullish Momentum and Network Strength Ethereum is showing strong bullish momentum, trading above $2,500 and benefiting from institutional buying, DeFi growth, and recent upgrades. On-chain data reveals accumulation and tightening supply, with analysts predicting that ETH could reclaim the $2,800–$3,000 range this month and potentially retest all-time highs later in the year. As Ethereum’s fundamentals strengthen, its momentum is helping to lift interest in new altcoins like MAGACOIN FINANCE. Polkadot (DOT): Interoperability and Growth Potential Polkadot is trading near $4.74, with forecasts pointing to a possible rise to $5.03 by the end of May 8 . While DOT’s gains are modest compared to Bitcoin and Ethereum, it remains a key player in the interoperability sector. Analysts highlight Polkadot’s long-term potential, but many investors are now seeking higher-multiple opportunities in early-stage projects like MAGACOIN FINANCE. Conclusion With Bitcoin and Ethereum leading the market and Polkadot maintaining its role as a key interoperability platform, MAGACOIN FINANCE stands out as a top early-stage contender in 2025. Its unique fundamentals, rapid presale sellouts, and growing institutional interest suggest the project could follow a similar path to success—potentially outperforming many established names as the cycle unfolds. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Exclusive Access Portal: https://magacoinfinance.com/entry Continue Reading: Analysts Explain Why MAGACOIN FINANCE Could Follow Bitcoin and Ethereum’s Path to Success with Polkadot
Ripple’s $80B token holdings strengthen IPO speculation despite no urgency to raise capital XRP Futures Open Interest remains elevated, signaling persistent trader engagement RSI nears oversold zone as MACD hints at weakening bearish pressure in XRP price Crypto lawyer John E. Deaton has reignited speculation about a potential Ripple Initial Public Offering (IPO), arguing that the successful public debut of digital asset firm Circle has provided a clear benchmark for what Ripple could be worth. His analysis suggests that if Circle can command its high valuation, a $100 billion valuation for a Ripple IPO is not “far-fetched.” Deaton’s commentary centers on a direct comparison of the two companies’ financial strengths, emphasizing that Ripple’s massive XRP holdings give it a significant advantage. I know @bgarlinghouse said @Ripple is NOT in a rush to go public. They certainly don’t need to raise capital, which is often, a primary reason to go public. But TIMING an IPO is also a big consideration. If @circle can hit a 62B-75B market cap then @Ripple , with nearly 40B XRP,… https://t.co/MSFNMy6i8E — John E Deaton (@JohnEDeaton1) June 23, 2025 The… The post John Deaton Hints Ripple Could Beat Circle to Higher IPO Valuation appeared first on Coin Edition .
Texas has become the first U.S. state to establish a publicly funded Bitcoin reserve, marking a historic milestone in digital finance innovation. The $10 million allocation approved by Governor Greg
Texas has become the first US state to establish a publicly funded, stand-alone Bitcoin reserve after Governor Greg Abbott signed Senate Bill 21 into law over the weekend. Unlike Arizona and New Hampshire, which approved similar legislation, Texas allowed the reserve and provided funding for it. The state has allocated $10 million to invest in the Bitcoin reserve. With this approach, Texas has made a significant step toward the future of finance. Trump’s pro-crypto stance attracts more US states to adopt Bitcoin reserves The Bill 21 requires the state to set up a Bitcoin reserve that operates separately from the main treasury. This aligns with a few other states also looking into digital asset reserves. The announcement that Texas has allocated $10 million for a Bitcoin reserve comes months after the Trump administration said it would establish a national crypto reserve. However, such a vehicle is supposed to be funded strictly by budget-neutral means, such as crypto asset seizures or issuing crypto bonds. Abbott also signed bill HB 4488, a companion measure that shields the Bitcoin reserve from standard “fund sweeps” into the state’s general revenue. The legislation changes how states handle digital assets, not just as speculative devices, but as sovereign financial instruments that one might want to hold onto for the long term. Texas sets up Bitcoin reserve to fight inflation and flex financial muscle Texas Governor Greg Abbott signed Senate Bill 21 (SB21), which finally allowed the establishment of the Texas Strategic Bitcoin Reserve. According to the bill’s text, the new reserve will help make the state more financially resilient while acting as a potential hedge against inflation. In addition, only cryptocurrencies with a market cap of over $500 billion can be included, a threshold only Bitcoin currently has. The Texas Comptroller of Public Accounts will manage the fund and be guided by an advisory committee with three crypto investment experts. Aside from direct purchases, the reserve could be filled through forks, airdrops, investment profits, or public crypto donations. A public report listing the fund’s holdings and performance will be issued every two years. With this, Texas becomes the third state in the US to pass Bitcoin reserve legislation. Public firms demonstrate a growing trend of purchasing more BTC for their treasuries Several publicly traded companies follow Michael Saylor’s strategy by adopting Bitcoin as a treasury asset. For instance, on Friday, June 20, US President Donald Trump’s cryptocurrency adviser, David Bailey‘s Bitcoin holding company Nakamoto Holdings, raised $51.5 million in new funds through a private placement in public equity (PIPE) deal to purchase more BTC. Moreover, last week, The Blockchain Group, a technology company listed in Paris, increased its Bitcoin reserves by buying 182 BTC for around $19.6 million. This purchase raised its total holdings to 1,653 BTC. Just over the past month, companies have added Bitcoin to their treasuries, a trend that has been documented with the help of data from BitcoinTreasuries. Furthermore, NET shows public companies still have an appetite for BTC. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More