Hello Crypto Buddy. I have done a quick round up of the important crypto chaos from yesterday, so you don’t have to go through lengthy publications.
Russia’s $6B Crypto Vanishing Act Shocks Markets
Believe it or not, in what may seem like major crypto chaos, Russian operators pulled off a jaw-dropping $6 billion crypto cleanse overnight.
So just hours after Washington slapped sanctions on Grinex, a major cryptocurrency exchange, Russia’s blockchain wizards pretty much worked their magic.
Using a slick “destroyBlackFunds” command, they evaporated 33.8 billion tainted tokens worth a cool $405 million from two Grinex-linked wallets.
Poof! Everything was just gone!!!!
They didn’t just stop there. They instantly minted identical sums in a shiny new wallet, scrubbing the digital trail clean. This fresh wallet has now already powered $6.1 billion in transactions during Moscow’s business hours.
Meanwhile, Russia officially recognized A7A5 as a “digital financial asset,” greenlighting its use on state-backed platforms. Russia’s message to the West? Catch us if you can.
Walmart’s Big Bet: Crypto Trading Hits the Aisles
Guess who is diving headfirst into the crypto game? Your good friend Walmart.
OnePay, the retail giant’s digital finance arm, is gearing up to launch cryptocurrency trading by the end of 2025. Partnering with Chicago-based blockchain firm Zerohash, OnePay will let users buy, store, and sell cryptocurrency like Bitcoin and Ethereum right from its mobile app.
Walmart’s will not stop at trading either.
OnePay’s integration will let customers swap digital assets for instant spending power, whether it’s paying for groceries or settling OnePay card balances. That’s not all. This actually may redefine how millions of Americans interact with crypto.
Vietnam’s Crypto Chaos
Meanwhile over in Vietnam, things are actually in crypto chaos and not looking good. Their much-hyped Crypto Pilot Project has hit a major bureaucracy wall before even getting started.
Despite the country’s rep as a crypto-friendly hub, not a single company has signed up for the five-year experiment meant to test digital asset trading. Vietnam’s Deputy Minister of Finance Nguyen Duc Chi said zero applications have been received so far, unfortunately.
Blame the government’s tough new rules and sky-high costs, which have left businesses spooked. The pilot, designed to onboard up to five companies, is now a ghost town.
This is pretty unfortunate for Vietnam given that pretty much everyone else is embracing stablecoins and tokenized treasuries have also become a thing and climbed to $8 billion.
“We’re still waiting for proposals,” Chi told reporters as the Finance Ministry struggles to get things moving, with hopes of licensing the first participant by 2026.
That’s a wrap for today’s friends. For tomorrow’s crypto chaos, you know where exactly to come to.
