Recovery or Bull Trap? As Russia Approves a Full Crypto Framework, These 5 Coins Could Be the Best Bets for the Next Cycle

• Russia's new cryptocurrency framework is being viewed as another sign of growing regulatory clarity in global digital asset markets.
• Market participants remain divided on whether the recent rebound marks a lasting recovery or a temporary bull trap.
• Solana, Avalanche, Ondo, Chainlink, and Hyperliquid are among the projects receiving increased attention due to their different use cases.

After Russia passed a broad legal framework for cryptocurrencies, the cryptocurrency market has entered another uncertain phase. Once it is signed by President Vladimir Putin, cryptocurrency exchanges, brokers, and custodians will be officially regulated, effective September 1. Cryptocurrencies are still not permitted for transactions in domestic settlements, but the legislation does provide for the possibility of using blockchain in international settlements. This means that Russia is increasingly interested in leveraging blockchain for international transactions, but not for consumers' everyday payments. Many watchers aren't so interested in purchasing coffee using Bitcoin, but in getting billions of dollars across borders without hassle.

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