** Daily update!
$BTC continues to hover near record highs, while $ETH shows moderate gains amid mixed sentiment across broader markets.

Despite a recent global downturn in equity markets, crypto remains relatively stable, with notable weak spots and continuing liquidations in leveraged positions.

$SOL has been gaining traction after a recent Toronto spot #ETF launch, a surge in staking deposits, and increasing institutional interest. Its price is up roughly 0.9% at $134.64, with technical indicators pointing toward possible upside toward the $147–$265 range.


* Key Crypto News from India (Today)

A major concern: a 54-year-old woman in Hyderabad lost ₹1.6 crore in a crypto investment scam. Initial small returns led her to invest larger amounts via a fraudulent site, before scammers demanded an “unfreeze fee” to unlock her balance.

India’s leading exchange CoinDCX resumed withdrawals after a $44 million security breach last month. Company officials confirmed no user funds were compromised and assured the platform’s stability.

In Kolkata, six people were cheated out of over ₹1.2 crore in various online investment scams over just two days, many linked to crypto-based fraud schemes. Authorities are urging vigilance.

*Context: Regulatory & Market Trends in India

India continues to tax crypto profits at a flat 30%, with 1% TDS on transactions over a threshold. Importantly, crypto losses cannot be offset against other asset gains.

Regulatory clarity remains in flux: a crypto policy paper is overdue, and while enforcement is tightening, India still lacks comprehensive regulation beyond taxation. Several international exchanges, including Coinbase, have recently received FIU approval.

Meanwhile, the RBI continues scaling up its digital rupee (CBDC) pilots, with features such as programmability and offline functionality being tested across banks and payment platforms.