by | Jun 22, 2025 | Business
Europe takes the lead in the global crypto market with MiCA regulation, as U.S. retail activity declines and Trump’s high-stakes crypto deals raise questions. Discover how EU clarity is beating American uncertainty.
Europe is quietly winning the global crypto war. With the implementation of the Markets in Crypto-Assets (MiCA) regulation at the start of 2025, the European Union has taken a commanding lead over the United States, despite President Donald Trump’s public endorsement of crypto.
As American retail activity slows and legal uncertainty drags on, Europe’s unified framework is unleashing a new wave of institutional and retail investment.
MiCA Triggers a Surge in EU Trading Volumes
According to Paybis co-founder Konstantins Vasilenko, trading volumes from European Union customers jumped an astonishing 70% quarter-over-quarter in Q1 2025, right after MiCA officially took effect on January 1.
This spike wasn’t about frequency, it was about volume. “The number of trades hardly moved,” Vasilenko said, suggesting larger and more deliberate investments from newly confident investors.
Meanwhile, crypto activity in the U.S. moved in the opposite direction. Platforms like Robinhood reported a 35% drop in crypto trading, and Coinbase saw retail participation shrink to just 18% of total spot trading volume, down from 40% in 2021.
“The timing is hard to ignore,” Vasilenko added.
What MiCA Gets Right: Clarity, Consistency, and Confidence
The MiCA framework introduces a single licensing regime across all 27 EU member states. Once licensed in one country, crypto firms can operate across the entire bloc, giving companies scalability and investors peace of mind.
Several major platforms have already secured MiCA licenses.
Beyond licensing, MiCA implements a series of investor protections modeled on Europe’s financial instruments directive (MiFID), including:
- Clear disclosures
- Cooling-off periods
- Transparent fee structures
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Full-reserve requirements for stablecoins
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Independent audits and asset segregation
These policies have significantly reduced regulatory ambiguity and restored investor confidence in the EU crypto market.
France Leads, Germany Builds, Netherlands Connects
France has emerged as a clear standout within Europe, thanks to its early 2019 PACTE law, which laid the groundwork for MiCA. Paybis reported a 175% increase in crypto activity in France in Q1 2025.
Fintech hubs like Station F and the proactive approach by France’s financial regulator AMF are helping crypto adoption soar, with national crypto usage expected to reach 24% penetration this year.
Elsewhere:
- Germany is building institutional infrastructure, with Deutsche Boerse’s Clearstream preparing to offer crypto settlement.
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The Netherlands stands out for its robust payment systems and strong connectivity in the digital asset space.
As Vasilenko notes, “Liquidity pools in Frankfurt or Paris, customer support in Dublin, and compliance ops in Vilnius — all under the single MiCA umbrella.” The idea of a single “crypto hub” is becoming obsolete.
U.S. Falls Behind Despite Trump’s Rhetoric and High-Profile Crypto Ventures
While Europe builds, the U.S. dithers. Despite vocal support from Donald Trump and select members of Congress, the country still lacks cohesive federal crypto legislation. Regulatory uncertainty has paralyzed both investors and institutions.
As Vasilenko puts it: “State-by-state money-service licenses, unresolved SEC lawsuits, and sudden delistings mean ordinary users still can’t tell which coins, or even which staking products, will be available next month.”
Even Trump’s own crypto dealings appear mired in opacity.
Trump’s Crypto Empire: Bold Moves, Quiet Sales
Trump launched World Liberty Financial in September 2024, promising a “financial revolution.” The venture sold tokens with controversial terms, tokens couldn’t be resold, and 75% of proceeds after the first $30 million reportedly went to Trump and his family.
By early 2025, the Trumps and their partners had sold over $750 million worth of tokens. A new stablecoin, pegged to the U.S. dollar, attracted a $2 billion investment from a UAE firm. Yet behind the scenes, the Trumps began quietly divesting:
Their stake in World Liberty fell from 75% to 60% in January, then down to 40% by mid-June, according to subtle changes on the company’s website.
If World Liberty is valued similarly to Circle, whose stock tripled after going public, Trump’s divestments could have netted $135 million personally.
This aligns with Trump’s renewed focus on monetary policy. He recently attacked Fed Chair Jerome Powell, calling him a “moron” and a “numbskull,” and hinted he may fire him if interest rates don’t come down. His criticism comes amid a record $37 trillion U.S. debt load and rising interest payments.
Glimmers of Hope: The GENIUS Act and Stablecoin Reform
There may still be hope for the U.S. crypto scene. The GENIUS Act, now moving through Congress, could create a federal licensing regime and clear definitions for stablecoins, potentially echoing Europe’s MiCA.
If passed before the end of 2025, Vasilenko believes the law “would do for U.S. retail what MiCA just did for Europeans.”
Meanwhile, Circle’s successful public debut has reignited interest in crypto’s mainstream potential. The Senate recently passed a stablecoin regulatory bill, and markets are now eyeing Federal Reserve action in July, which could trigger a fresh Bitcoin rally.
Bitcoin Holds Strong Above $100K Amid Macro Uncertainty
Bitcoin has remained resilient, trading above $100,000, despite geopolitical risks and volatility. Analysts say its performance underscores its growing status as a safe-haven asset, similar to gold.
As Elliot Johnson of Bitcoin Treasury Corporation puts it, “Bitcoin’s recent strength… is a testament to its growing appeal as a long-term treasury asset.”
David Hernandez of 21Shares agrees: “Bitcoin’s fundamental properties—its scarcity, decentralization, and neutrality, make it an increasingly relevant asset for navigating an uncertain future.”
Conclusion: The Regulatory Divide Is Reshaping the Global Crypto Map
As Europe pushes forward with MiCA, and the U.S. grapples with internal divisions and politically charged ventures, the crypto balance of power is shifting.
While Trump’s brand may still move markets, it is Europe’s clarity, coordination, and consumer protections that are winning investor trust.
For now, Europe has the edge. But if Washington can unify around a framework like GENIUS, the race may soon become competitive again.
by | Jun 22, 2025 | Business
The crypto market plunged as the U.S. and Israel launched airstrikes on Iran’s nuclear sites, sending Bitcoin below $100K and triggering over $1B in liquidations. Rising geopolitical tensions and inflation fears spark panic selling across digital assets.
The cryptocurrency market experienced a dramatic downturn over the weekend as geopolitical tensions erupted following the U.S. and Israel’s coordinated airstrikes on Iran’s nuclear facilities.
Bitcoin plummeted below the critical $100,000 threshold, and major altcoins followed suit, triggering mass liquidations and sparking fear across risk markets.
Tensions Ignite: U.S. Bombs Iranian Nuclear Sites
On Sunday, June 22, the global geopolitical landscape was rocked after the United States, under orders from former President Donald Trump, joined Israel in launching targeted airstrikes on three Iranian nuclear sites, Fordow, Natanz, and Isfahan.
Trump declared the mission a “complete and total success,” aiming to dismantle Iran’s nuclear enrichment infrastructure. Iran, meanwhile, vowed swift retaliation, deepening fears of a broader Middle East conflict.
According to the New York Times, this military action dramatically escalates tensions in a region already teetering on the brink, prompting immediate shockwaves across financial markets, especially crypto.
Crypto Market Turns Red: Bitcoin Breaks Below $100K
The crypto market reacted instantly to the news. Within hours of the airstrikes, Bitcoin’s price crashed by over 4%, falling from a stable $103,000 to as low as $98,971. This marks the first time in over 40 days that BTC traded below the $100K psychological support level.
Key Crypto Price Drops:
Virtuals Protocol, Celestia (TIA), Aptos (APT), and AB were among the hardest-hit altcoins, all losing over 9% in the past 24 hours.
Massive Liquidations and Market Fear
CoinGlass data revealed that total liquidations surged by 38% to over $682 million in a 24-hour span, with $1 billion in total crypto value wiped out across exchanges. Most of the liquidations targeted high-leverage positions in Bitcoin, Ethereum, and Solana.
The fear was palpable. Trading volume in Bitcoin spiked over 33%, indicating that panic selling—not normal trading, was driving the market activity. Altcoin segments such as AI tokens, including FET and VIRTUAL, lost nearly 10%, while Cardano (ADA) approached a three-month low.
Why Did Crypto Crash? Two Core Reasons
1. Risk-Off Sentiment Amid Geopolitical Uncertainty
Historically, major geopolitical events trigger a “risk-off” sentiment in financial markets. Investors flee from volatile, riskier assets—like crypto and equities—and pile into safe-haven assets such as gold, the U.S. dollar, and government bonds.
Hanain Malik of Tellimer told Bloomberg:
“Short-term, markets such as crude oil, stocks, and crypto will pivot on whether Iran retaliates and widens the war in a way that impacts oil supply versus backing down and offering concessions on its nuclear program.”
2. Inflation and Fed Policy Concerns
Oil prices surged following the strikes, with Brent crude and WTI up over 32% from yearly lows. Shipping costs are also climbing, signaling that U.S. consumer inflation could spike again. This would pressure the Federal Reserve to maintain higher interest rates longer than previously expected.
Last week, the Fed kept rates steady at 4.25%–4.50% and hinted at two rate cuts in 2025. But surging oil and inflation fears could derail those plans, which is bearish for crypto, as digital assets tend to perform better in low-rate environments.
Market Outlook: What’s Next?
With Bitcoin hovering just above $99,000 and Ethereum sliding below $2,300, traders are bracing for more volatility in the coming days. Analysts warn that if Iran retaliates, Bitcoin could dip to $95K or even lower.
The next 48 hours are critical. Any signal of an Iranian counterstrike or prolonged conflict could intensify the sell-off. On the flip side, a diplomatic de-escalation could provide temporary relief and possibly trigger a market rebound.
Conclusion
The U.S.-Iran conflict has once again highlighted the vulnerability of crypto markets to macro and geopolitical shocks. As tensions escalate, traders and investors are adopting a cautious stance.
With more than $1 billion wiped out in a day and sentiment turning defensive, the crypto market enters a critical phase.
All eyes are now on Tehran and Washington. The outcome of this standoff may determine whether Bitcoin finds a new floor—or continues its descent below five-digit territory.
by | Jun 22, 2025 | Business
Bitcoin’s current rally is drawing eerie comparisons to 2017, but Real Vision CEO Raoul Pal believes this crypto cycle could stretch into 2026. Meanwhile, rising geopolitical tensions in the Middle East and fears over oil disruptions are sending shockwaves through global markets and triggering high volatility across BTC, ETH, and XRP.
The crypto market is undergoing a storm of macroeconomic momentum and geopolitical shockwaves, prompting analysts to draw parallels with previous bull cycles, most notably the landmark rally of 2017.
Raoul Pal, CEO of Real Vision and former Goldman Sachs executive, believes that the current environment shares “spooky” similarities to 2017, yet is also setting the stage for an even longer and more volatile crypto cycle, potentially stretching into 2026.
Simultaneously, escalating Middle East tensions, fueled by a sudden U.S.-Israel-led strike on Iranian nuclear facilities, have sent shockwaves through global markets.
The aftermath has triggered dramatic price swings in Bitcoin, Ethereum, XRP, and broader risk assets, while threatening global oil supply and further inflaming inflation fears.
Bitcoin’s Trajectory Echoes 2017, But the Cycle May Be Extended
According to Pal, Bitcoin’s current market behavior eerily mimics the trend seen in 2017, when BTC climbed steadily throughout the year before its historic December breakout. In 2017, Bitcoin soared from $1,044 in January to $14,156 by December, a staggering 1,255% gain.
However, this time may be different. Pal emphasizes that macroeconomic indicators, especially his “business cycle score”, signal we’re still early in the broader economic upcycle, and that could extend the crypto bull run for years.
“It’s spookily similar to 2017,” Pal said. “But this cycle could go longer, possibly into Q2 2026, especially with the weakening U.S. dollar acting as a tailwind.”
Indeed, since the start of 2025, the U.S. Dollar Index (DXY) has dropped nearly 9%, sitting at 98.77, making Bitcoin more attractive as both a speculative asset and a potential hedge against fiat debasement.
Macro Tailwinds and Institutional Adoption Fuel Market Optimism
Pal pointed out that macro forces, especially delayed interest rate adjustments and a stagnating dollar throughout much of 2024, have caused the crypto cycle to shift and potentially expand.
“The whole cycle got shifted because rates didn’t get adjusted,” he noted. “This looks more like 2020 than 2021, it feels like the earlier stages of a bull market.”
Meanwhile, the Middle East is rapidly emerging as a crypto hub. On a recent trip to the region, Pal met with several Sovereign Wealth Funds across Saudi Arabia, UAE, Bahrain, and Qatar. Their verdict?
“The mandate across the region is clear: AI and blockchain. Governments aren’t just investing in Bitcoin, they’re building entire infrastructures on the blockchain,” Pal reported.
This growing institutional interest suggests that long-term capital is entering the space, potentially cushioning crypto against the typical boom-bust patterns.
Chaos in the Middle East: War and Oil Choke Points Shake Crypto
However, just as macro tailwinds offered optimism, geopolitical tensions have rattled investor confidence.
On Saturday, the U.S., alongside Israeli forces, launched coordinated strikes on Iranian nuclear facilities in Fordow, Natanz, and Isfahan. In retaliation, Iran fired 27 missiles into Israeli territory, hitting targets in Tel Aviv, Haifa, and the Golan Heights.
The chaos reverberated across markets:
- Bitcoin crashed to $100,945 within minutes of the announcement, shedding over $40 billion in market cap.
- It later rebounded slightly to $102,350, but warning signs remain.
- Ethereum (ETH) and XRP also suffered, falling to their lowest levels in weeks.
Technical indicators aren’t reassuring either. Bitcoin is testing the $102K level repeatedly. A fresh “death cross” (when the 50-day SMA falls below the 200-day SMA) and tightening Bollinger Bands point to potential further volatility.
Strait of Hormuz in Focus: A Looming Economic Catastrophe?
Further compounding the market turmoil is Iran’s potential move to block the Strait of Hormuz, a strategic waterway handling around 20% of global oil supply. According to reports, over 50 large oil tankers scrambled to flee the region following the U.S. strikes.
Market analysts, including JPMorgan, have warned that oil prices could surge to $130 per barrel, pushing U.S. inflation to 5%—levels not seen since early 2023. Such a spike could force the Federal Reserve to reconsider future rate cuts, tightening financial conditions and possibly triggering broader risk-off sentiment.
Crypto as a Safe Haven—or Risk Asset?
These events reinforce a growing debate: Is Bitcoin a safe haven, or merely another speculative asset?
In times of economic uncertainty, Bitcoin has historically attracted capital as a non-sovereign store of value. However, during acute crises, especially those with global military implications, it often reacts like a high-risk tech stock.
Still, some analysts believe these conditions set the stage for another breakout. Historically, long periods of consolidation, like the one Bitcoin is currently experiencing—have preceded parabolic moves.
Conclusion: A Battle Between Macro Optimism and Geopolitical Fear
The crypto market is currently walking a tightrope. On one side are powerful macro tailwinds, institutional adoption, and weakening fiat currencies, elements that mirror the bullish backdrop of 2017 and 2020.
On the other side lies geopolitical instability that threatens to short-circuit global markets.
With sovereign funds betting big on blockchain, and the global economy just beginning to recover, the longer-term outlook for crypto remains bullish.
But in the short term, expect turbulence as markets digest war headlines, oil price shocks, and uncertainty in the Strait of Hormuz.
As Raoul Pal put it, “The cycle’s not over—it might just be getting started.”
by | Jun 22, 2025 | Business
Ripple’s XRP faces renewed volatility amid rumors of U.S. government seizure and legal uncertainty with the SEC, while stablecoin RLUSD rapidly approaches a $500M market cap. Could Ripple’s bold stablecoin push shape XRP’s future?
The crypto market was rattled over the weekend by fresh speculation involving Ripple and its flagship digital asset, XRP. On June 22, XRP slid another 8.13%, closing at $1.9378.
The drop came as rumors circulated that the US government could seize Ripple’s escrowed XRP holdings to build national crypto reserves, a theory floated by crypto analyst John Squire.
However, legal expert and pro-crypto attorney Bill Morgan swiftly debunked the claim, stating, “No, it won’t.” Despite this, the narrative gained just enough traction to spook investors already on edge.
XRP Legal Drama Continues: The Judge Torres Factor
XRP’s downward trend isn’t just about baseless government seizure theories. The ongoing lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) remains the primary cloud over the token.
After a prior procedural rejection, Ripple and the SEC jointly filed a renewed motion on June 12, asking Judge Analisa Torres for an indicative ruling that could finally lift the ban on XRP sales to institutional investors and reduce the $125 million penalty.
Since Judge Torres rejected the initial motion quickly—within seven days—investors are now growing uneasy due to the silence following the second motion.
Why does this matter? A favorable ruling could end the multi-year lawsuit and open the door for XRP spot ETF approvals, unlocking a potentially massive price surge. Conversely, a rejection could trigger exchange delistings, ETF rejections, and further price erosion.
Ripple’s Strategic Countermove: RLUSD’s Meteoric Rise
Amid the courtroom drama, Ripple is making bold moves elsewhere. Most notably, Ripple has minted 13 million RLUSD tokens, pushing the total supply of its stablecoin close to $500 million.
According to Etherscan and data from CoinGecko, this brings RLUSD’s market cap to approximately $428.7 million, putting it in the sights of industry giants like Tether (USDT) and Circle (USDC).
RLUSD’s growth has been strategic, fast, and targeted, with recent token batches flowing into wallets linked to major liquidity pools.
Analysts believe these tokens are headed for listings on centralized exchanges (CEXs) and decentralized finance (DeFi) platforms, further boosting RLUSD’s real-world utility.
The Big Picture: RLUSD, XRP, and Ripple’s Multi-Chain Vision
Despite being a Ripple product, RLUSD is currently issued on Ethereum rather than the XRP Ledger (XRPL).
However, integration with XRPL and other blockchains is reportedly in the works, aligning with Ripple’s multi-chain strategy to expand its ecosystem’s influence.
Ripple’s partnerships are also strengthening RLUSD’s utility. A notable alliance with AlchemyPay now enables RLUSD access via major fiat payment networks like Visa, Mastercard, and Apple Pay.
Regulatory wins, including licensing in Dubai, suggest RLUSD is poised for broader global adoption.
This all feeds into speculation that RLUSD may indirectly support XRP’s valuation by anchoring Ripple’s ecosystem in regulated, liquid, and widely adopted assets.
XRP Price Outlook: A Game of Legal Dominoes
XRP currently trades under both its 50-day and 200-day Exponential Moving Averages (EMA)—a technical red flag. At the time of writing, the 14-hours RSI sits at 18.90, indicating that XRP may still have room to fall before entering “oversold” territory below RSI 20.
If Judge Torres rules in Ripple’s favor:
- XRP could break above $2.2, reclaim $2.6553, and aim for 2025’s high of $3.3999.
- Spot ETF approval could follow, potentially driving XRP to record highs above $3.5.
But if the motion is rejected or delayed:
- XRP could fall below $2.
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The next support lies at $1.9299, and a drop toward $1.5 is not off the table.
Macro Factors: Beyond the Courtroom
XRP’s trajectory is also tied to broader market variables:
- Global conflicts like Iran-Israel tensions.
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US tariffs and the impact on crypto-friendly trade policies.
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Federal Reserve decisions on inflation and interest rates.
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Political dynamics, especially if former President Trump’s pro-crypto agenda gains traction.
These variables all converge to create a highly volatile environment for XRP investors.
RLUSD: The Trojan Horse for Institutional Adoption?
Institutional interest may spike as Ripple’s stablecoin nears the $500M threshold. According to market watchers, this level is more than symbolic—it represents trust, maturity, and reliability for enterprise players.
Further bolstering confidence is RLUSD’s wallet distribution. No single wallet holds an overwhelming supply, indicating healthy decentralization and lowering risk, key considerations for banking and institutional partners, including persistent rumors of Ripple’s collaboration with Bank of America.
Ripple’s Future: Legal Resolutions, Stablecoin Expansion, and Institutional Dreams
Ripple CEO Brad Garlinghouse has made it clear: the legal battles won’t stall innovation.
The company’s ambitious plans for RLUSD, alongside XRP’s potential to process up to 14% of SWIFT’s global transactions within five years, paint a picture of a firm not merely surviving regulatory scrutiny but preparing to thrive beyond it.
Conclusion: A Tale of Two Tokens
The XRP price remains at the mercy of Judge Torres and SEC decisions. But Ripple isn’t standing still.
Through RLUSD, it’s laying the groundwork for a more robust, diversified crypto ecosystem. Whether RLUSD will lift XRP, or simply replace it as Ripple’s flagship asset, remains to be seen.
For now, all eyes remain on the courtroom, but savvy investors are starting to look beyond it.
Stay tuned for further updates on the XRP lawsuit, Ripple ETF developments, and the rise of RLUSD in the fast-moving world of crypto finance by subscribe Bitrue blog.
by | Jun 22, 2025 | Business
Addressing inefficiencies in high-volume Philippine BPO recruitment, MyGlit is an AI platform providing instant resume-to-job matching for candidates and automated screening tools for employers. Purpose-built for BPO roles, it aims to become the go-to portal for faster, more transparent hiring.
MANILA, Philippines – June 22, 2025 – The Philippines’ vital BPO sector, a major employer facing persistent recruitment challenges, is seeing a new approach to talent matching. MyGlit, an AI-powered job platform built specifically for high-volume hiring, has been operational in the Philippines since 2018, focusing on improving efficiency and transparency for both employers and job seekers.
The platform addresses common pain points: candidates often apply “blindly” with low response rates, while recruiters struggle with high application volumes and time-consuming manual screening. MyGlit tackles this by providing instant, AI-driven feedback to candidates on their resume’s fit for each role (“Select,” “Reject,” or “Consider”), helping them target applications more effectively.
For BPO companies like Teleperformance, EXL, and Foundever – already leveraging MyGlit across Metro Manila, Cebu, and regional hubs – the platform offers automated CV-to-job description matching and recruiter performance analytics. This aims to reduce initial review time and improve the accuracy of shortlisting.
“The goal isn’t AI making final decisions, but giving everyone involved – candidates and recruiters – clearer signals and faster feedback loops,” said Akhil Ahluwalia, Founder of MyGlit. “We’re building MyGlit to become the go-to platform for efficient and transparent BPO hiring in the Philippines.”
Key Solutions for the Philippine BPO Market:
Reducing Blind Applications: Shows candidates immediate fit feedback, helping them apply smarter.
Improving Recruiter Efficiency: Automates initial screening based on BPO role requirements (voice, non-voice, shift-based).
Enhancing Transparency: Provides candidates with clearer application status updates.
Built for Scale & Compliance: Designed for high-volume processing while adhering to Philippine data privacy regulations and GDPR.
Positioning for Recognition:
Unlike general job boards, MyGlit is purpose-built for the unique demands of the Philippine BPO recruitment market. Its focus on AI-driven matching, candidate transparency, and recruiter performance analytics positions it as a specialized solution targeting core inefficiencies within the region’s BPO job portal sector.
About MyGlit:
MyGlit is an AI-driven recruitment platform focused on high-volume BPO hiring. By automating initial resume evaluation and providing recruiter analytics, MyGlit supports companies and candidates primarily in the Philippines, while expanding its platform to India, Kenya, Nigeria, and Malaysia. The platform is dedicated to simplifying large-scale recruitment while enhancing the quality of job matches for both employers and job seekers. Learn more at https://www.myglit.com.
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