Over the weekend, news broke of an attempted coup in Russia. Despite its resolution by the end of the weekend, this news drew widespread attention.
This incident coincided with a spike in trading for the USDT/RUB currency pair. The trading volume for this pair climaxed at $8.53 million, marking the most considerable volume since the FTX market crash in November of the previous year.
Intriguingly, three days prior to the reported coup, on Wednesday, June 21, there was a substantial spike in Bitcoin (BTC) volume traded with the RUB. It escalated to $2.21 million, the highest since the SVB market downfall in March. This reflects a surge in trading activity linked to geopolitical events.