Political and Law news

The top 5 news stories of the past week, covering the period from June 22 to 29, show massive volatility in the cryptocurrency market, which was also triggered by some political news.

The crypto market has seen a mixed bag this week. Coinidol.com weekly news digest on June 21, 2025.

Bitcoin is holding its ground around $105,000, despite recent geopolitical tensions and a slight dip from previous highs. Analysts are on the lookout for further consolidation or a possible deeper setback.

The Argentine anti-corruption authority (Oficina Anticorrupción; OA) has concluded that President Javier Milei acted for personal gain in promoting the Libra cryptocurrency (LIBRA), but did not violate the country's public ethics laws.

The Central Bank of Brazil has announced the official name for its digital currency - DREX.

One of the most massive cryptocurrency withdrawals recorded on Binance and Coinbase. This is the largest withdrawal flow since December last year amid the fallout from the collapse of the FTX exchange.

Several reports that the International Monetary Fund (IMF) is about to launch the global central bank digital currency (CBDC) last week, shook the crypto community. However, the information in the initial reports is far from being true.

An annual inflation rate of 100% is prompting Argentines to increasingly opt for cryptocurrencies.

The governments of Brazil and Argentina will discuss the introduction of a common currency between the two countries.