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Russia's crypto ban era might be over

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Plus: Brazil sees crypto trading spike in Q4

Welcome

GM. Crypto news is like a Christmas stocking - sometimes full of treats, sometimes full of "huh?", but we've sorted through it all for you.

Reach in and check out today's picks:

🇷🇺 Russia stops ignoring crypto;

☃️ Brazil crypto trading up, HYPE wallet update + more

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🎄 Market cheer today

Fear and Greed Index
Find out more about the Fear & Greed Index here.

 Crypto Market Cap: $2.94T -2.66% (24H)
  Name   Price 24H 7D
Bitcoin Bitcoin BTC $87,260.89 -2.75% -0.75%
Ethereum Ethereum ETH $2,925.63 -4.28% -1.47%
BNB BNB BNB $842.55 -2.85% -3.75%
XRP XRP XRP $1.88 -2.73% -3.01%
Prices as of 11:00 AM EST. Click here to see live data.

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🇷🇺 Russia stops ignoring crypto

You know when something's technically "not allowed," but everyone's been doing it for years anyway?

At first, authorities ignore it. Then they warn about it. Eventually, they stop pretending and show up with rules.

That's the phase crypto just entered in Russia.

Bank of Russia put forward a framework that would allow regular people - not just wealthy or 'qualified' investors - to legally buy cryptocurrency inside Russia.

That's new.

Crypto has existed in Russia for years, but mostly in a gray zone. Not fully legal. Not fully banned.

Now the central bank is saying: "We're gonna formalize this."

Not in a wild, open-door way. More like:

👉 There will be rules.

👉 There will be limits.

👉 There will be checks on who's buying what.

But still - this is the first time the door is being opened on purpose for everyday people.

Tweet about Russia's crypto plans

Source: @Vivek4real_

Now, Russia didn't wake up one morning and suddenly fall in love with crypto. What changed is pressure.

Sanctions, restricted access to parts of the global financial system, and tighter controls on money flows have forced policymakers to rethink tools they used to treat as inconvenient or risky.

Translation: crypto became useful to them.

And when something becomes useful enough, governments stop arguing about whether it should exist and start deciding how they want it to exist.

On the surface, this sounds like progress - and in some ways, it is. Bringing crypto into a regulated framework can mean:

👉 Clearer rules instead of rumors;

👉 Fewer shady intermediaries;

👉 Less "am I about to accidentally break the law?" anxiety.

But there's another side to this coin.

When a central bank designs the on-ramps, it also designs the visibility. Who buys. How much. Where it goes. What's allowed and what's not.

So yes, crypto becomes more accessible, but it also becomes more contained.

Hm meme

Zoom out a bit, and this story stops being about Russia and starts being about crypto's next phase globally.

👉 Crypto used to live in the "ignore it / mock it / ban it" stage.

👉 Now it's entering the "fine, we'll regulate it" stage.

And regulation is a sign that something has become too real to dismiss.

When central banks start designing retail rules, crypto becomes infrastructure. Not fully trusted. Not fully embraced. But officially acknowledged.

Overall, this development doesn't mean crypto is free, safe, or endorsed. It means the era of pretending it's not there is ending.

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❄️ Memecoin snowfall

We asked for gains, memecoins said "unwrap this" 🎁

Data as of 09:34 AM EST.

Check out these memecoins and plenty more here.

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☃️ Frosty news drops

💸 Moving money between banks shouldn't feel like a mystery. We broke down the easiest ways to do it without the guesswork.

🇧🇷 Crypto trading in Brazil shot up 43% on Mercado Bitcoin in 2025. On average, people ended up putting over $1,000 into it.

🤔 Hyperliquid Labs says the wallet behind those HYPE token sales isn't part of their team anymore. They explained everything on Discord to clear things up.

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🎅 Santa-approved memes

Meme about contrasting emotional support and financial chart support.

Source: @Trader_Theory

Meme about the daily routine of saying "good morning" in a loop.

Source: @btc_charlie

Meme about feeling overwhelmed by cryptocurrency investments.

Source: @dubzyxbt

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Merry Christmas from all of us at BitDegree! 🎅🎄

Hope you're soaking up the cozy vibes, good food, and a little time away from the screens.

We're taking a short holiday pause too, so the next newsletter will land in your inbox on Monday - refreshed, recharged, and ready for whatever crypto decides to do next.

Until then, enjoy the holidays, hug your people, and don't check the charts too often 😉

See you Monday!

Gode S. Web3 Market Analyst
Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.

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