Bitcoin Power Play: China and Russia Challenge Dollar Dominance

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🌍 Daily Crypto Market Overview

Global Stats:

• Cryptocurrencies: 13.24M

• Exchanges: 820

• Market Cap: $2.62T (+8.24%)

• 24h Volume: $169.45B (+44.43%)

• Bitcoin Dominance: 62.5%

• Ethereum Dominance: 7.6%

• ETH Gas Price: 0.47 Gwei

• Fear & Greed Index: 25/100 (Fear)

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🚀 Trending on DexScan:

1. TRUMP/USDC – $8.09 (+7.97%)

2. Fartcoin/SOL – $0.7527 (+45.42%)

3. MKR/WETH – $1,375.46 (+13.58%)

4. Instagram/WBNB – $0.08476 (+87.30%)

5. OFFICIAL TRUMP – $8.10 (+8.78%)

💹 Market Highlights:

• Total DeFi Volume: $10.98B

• Stablecoins Volume: $160.69B

• Coin with Highest % Change: Fartcoin (FARTCOIN) +43.97%

📈 Preview On Today’s News:

1. - Bitcoin Power Play: China and Russia Challenge Dollar Dominance

2. - Crypto Revival or Risky Gamble? Trump Administration Signals Bold Industry Shift

3. - Ethereum’s Next Boom? SEC Greenlights Options Trading on Spot ETH ETFs

Keep reading below for more!

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Today’s News:

1)

Bitcoin Power Play: China and Russia Challenge Dollar Dominance

China and Russia have begun settling select trade transactions—including energy deals—using Bitcoin, signaling a major shift in global finance. According to a VanEck report, this move comes amid rising trade tensions triggered by U.S. tariff policies. The shift reflects a broader trend among BRICS nations to bypass the U.S. dollar, reduce reliance on Western financial systems, and adopt digital assets as practical monetary tools. Additionally, countries like Bolivia are planning crypto-powered imports, and French utility giant EDF is exploring Bitcoin mining with surplus electricity. With the U.S. dollar weakening by over 6% since January and global investors pulling back from U.S. assets, experts predict that Bitcoin and gold may become preferred safe havens during escalating economic uncertainty.

• China and Russia are using Bitcoin for trade settlements, aiming to bypass the U.S. dollar and minimize exposure to Western financial systems.

• The global shift toward alternative assets like Bitcoin and gold is accelerating as economic instability grows and investor confidence in fiat weakens.

2)

Crypto Revival or Risky Gamble? Trump Administration Signals Bold Industry Shift

The Trump administration is signaling a major pivot in U.S. crypto policy, with officials declaring the start of a new "golden age" for digital assets. Bo Hines, Executive Director of Digital Assets, praised President Trump as the "true crypto President," emphasizing his commitment to fostering growth in the sector. The administration is actively dismantling Biden-era regulations, which Hines described as hostile to the industry, aiming instead to make the U.S. the global hub for crypto innovation. Despite economic turbulence triggered by new tariffs, the administration sees crypto as a critical engine for long-term economic opportunity.

• Bo Hines, Trump’s top crypto advisor, claims the administration is clearing out restrictive Biden-era policies to position the U.S. as the global crypto leader.

• President Trump is being hailed as the “true crypto President,” with plans to usher in a “golden age” for digital assets despite ongoing economic instability.

3)

Ethereum’s Next Boom? SEC Greenlights Options Trading on Spot ETH ETFs

In a significant regulatory move, the U.S. Securities and Exchange Commission (SEC) has approved options trading on spot Ethereum exchange-traded funds (ETFs), marking a major step forward for crypto-based financial products. The approval—fast-tracked through Amendment No. 1—allows American-style, physically settled options to be traded under strict listing standards. This development follows the successful launch of spot ETH ETFs, which have attracted around $112 billion in assets. Institutional momentum continues to build, with firms like Fidelity exploring staking features and Bitwise advancing multi-crypto ETF strategies. Following the announcement, Ethereum surged 12% in just 24 hours, signaling strong market optimism.

• The SEC has approved physically settled, American-style options trading on spot Ethereum ETFs, boosting institutional access and market depth.

• Ethereum rose 12% in one day after the announcement, underscoring investor confidence and expanding momentum in crypto-backed financial products.

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