Author: John Smith
Despite mounting pressure for regulatory clarity, the Reserve Bank of India remains firmly opposed to cryptocurrencies, citing risks to monetary policy and financial stability. RBI Governor Sanjay Malhotra reaffirmed the central bank’s stance even as a government committee reviews policy options and the Supreme Court presses for clearer guidelines. The tension highlights India’s ongoing regulatory deadlock, where legal, judicial, and financial forces continue to clash over the future of digital assets. Malhotra underlined during a news conference following the announcement that the RBI is still concerned about the possible threats that cryptocurrencies could pose to monetary policy and financial stability.…
Avalanche price rose for two consecutive days as investors bought the recent dip, and weekly transactions jumped. Avalanche (AVAX) token rose to $20.65 on Saturday, June 7, up by 12% from its lowest point this week. Third-party data shows that Avalanche’s network is doing well as it became the fastest-growing one in the industry this week. According to Nansen, Avalanche handled over 5.2 million transactions in the last seven days, a 112% increase from a week earlier. This increase happened as the number of active addresses jumped by 23% to 283,163. Avalanche’s fees jumped by 193% to almost $200,000. The…
Pepe coin price retreated this week as whales continued selling and the crypto market sell-off intensified. Pepe (PEPE), the second-biggest meme coin on Ethereum (ETH), plunged to a low of $0.00001043, down by 36% from its highest point in May. This decline happened as Bitcoin (BTC) and most meme coins plunged because of profit-taking and geopolitical issues. Pepe’s crash also happened as whales continued exiting their positions, signaling that they expected the downtrend to continue. The supply held by whales has dropped to 137.4 trillion, down from the year-to-date high of 166 trillion. Their holdings have fallen to the lowest…
In a move that underscores the strategic value of Hong Kong’s regulatory autonomy, Beijing has established its first formal process for liquidating confiscated cryptocurrencies—tapping into Hong Kong’s licensed exchanges to offload digital assets seized in criminal cases. The arrangement highlights the stark policy divide between mainland China’s hardline anti-crypto stance and Hong Kong’s ambitions as a digital asset hub. It also offers a practical solution for Chinese authorities to convert seized crypto into fiat currency without breaching domestic restrictions. According to a local report from Tech In Asia, Beijing’s Public Security Bureau established a disposal framework that involves collaboration with…
Lagrange enjoyed a meteoric rise after its highly anticipated airdrop and major exchange listings has quickly unraveled, as early investors rush to lock in gains. Lagrange (LA) token dropped to $1.1345, down by 37% from its highest point this week. It has moved to its lowest level since Thursday, giving it a market capitalization of $220 million. The ongoing sell-off came after the LA price jumped by over 500% following its airdrop and eventual listing by the biggest crypto exchanges, such as Coinbase, Binance, MEXC, Bybit, and Upbit. Lagrange price has likely plunged as some earlier investors start to book…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As TRON and Solana rise, Unilabs Finance gains traction as a leading AI coin and hedge fund alternative. Although the TRON price is in an uptrend and optimistic Solana price predictions are flying, Unilabs Finance (UNIL) is in the headlines for its unique approach. As the pioneering AI-backed asset management platform for digital assets, it emerges as a strong alternative to traditional financial markets. Poised to attract a substantial share of traditional hedge fund capital, experts consider its utility…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Musk vs. Trump feud escalates with Epstein claims as Tesla stock plunges and public drama dominates headlines. As the Elon Musk-Donal Trump drama gets messier by the second, spectators are pulling out their popcorn bags. This public feud has turned out to be the proverbial “car crash” that people can’t look away from. What began with Musk exiting the Department of Government Efficiency following disagreements with Trump has now escalated to a full-fledged mudslinging with Musk even stating that…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Musk–Trump clash on X sparks $170b market crash as Bitcoin drops and $950m in longs are liquidated fast. When two titans collide, the market feels every shock. Latest token movements here , Elon Musk and Donald Trump’s clash on X didn’t just light up headlines — it shook the financial world. Tesla stock nosedived, crypto took a hit, and within hours, Bitcoin dropped below $101,000 while Ethereum slipped over 6 percent. The fallout wiped out $170 billion from the market.…
Aave (AAVE), a prominent decentralized finance (DeFi) lending protocol, is currently trading around $247.41, reflecting a 6.6% decline over the past 24 hours. The price has moved within a daily range of $241.46 to $266.32. In this article, we will look at Aave next target by looking at technical indicators and latest news. For on-demand analysis of any cryptocurrency, join our Telegram channel. AAVE Next Target Current Price: $247.41 24h Price Change: –6.6% 24h Range: $241.46 – $266.32 Market Cap: ~$3.77 billion 24h Trading Volume: ~$472 million Circulating Supply: ~15.15 million AAVE Max Supply: 16 million AAVE Price had a bullish breakout from Channel Down…
Key Takeaways The companies argued that by failing to abide by the first-to-file principle,the SEC had diminished healthy competition and hindered financial innovation. The letter argued that the shift in process “incentivizes replication rather than original innovation.” Three leading asset managers, VanEck, 21Shares, and Canary Capital, have written a letter to the United States Securities and Exchange Commission (SEC), asking the regulatory watchdog to reinstate the “first-to-file, first-to-approve” rule for exchange-traded products (ETFs).The “first-to-file” principle refers to approving ETF applications in the order they were submitted to the regulator. The companies argued that by failing to abide by the first-to-file…