A high-profile meeting between Donald Trump and Vladimir Putin in Alaska lasted over three hours — yet delivered no ceasefire, no fresh sanctions, and no concrete results. Instead, Trump praised his “fantastic relationship” with Putin, drawing sharp criticism from both parties in Washington. Lawmakers condemned the “friendly optics” amid ongoing conflict in Ukraine.

🚹 Crypto Twist:

While politics played out on stage, blockchain analysts uncovered Russia’s growing use of crypto to bypass US sanctions. A ruble-backed token (A7A5) has moved over $51B in transactions, with activity suggesting heavy business use. Sanctioned exchange Garantex resurfaced as Grinex in 2024, keeping the network alive. The token’s issuer, tied to a sanctioned Russian state bank, now faces new Treasury restrictions.

💡 Why It Matters:

Experts see this as Moscow’s calculated push to create a parallel, sanctions-resistant financial system via crypto rails. The summit may have ended with smiles, but Russia’s blockchain-driven workaround could reshape global sanctions enforcement.

$CFX

$ALGO