Author: NBTC

India is likely to move toward a more balanced cryptocurrency regulatory framework in the coming years, according to GetBit Founder Abhay Agarwal, who believes the current tax structure was introduced during a period when policymakers were still trying to understand a rapidly evolving industry. Speaking in an interview with Coinpedia, Abhay said the existing 30% tax on crypto gains remains high compared to most other asset classes, but emphasized that the larger challenge is the 1% Tax Deducted at Source (TDS) imposed on every crypto transaction. “The 30% tax on gains is high compared to most other asset classes, but…

Shiba Inu added more than 10,000 new holder addresses on Ethereum between April 19 and April 22, pushing the total above 1.573 million wallets according to Etherscan data. The spike marks one of the sharpest short-term jumps in the holder base this year, and it lines up with fresh milestones on the Shibarium network and renewed technical interest in the token. The move caught attention on April 21, when $SHIB recorded 4,958 new wallets in a single day, the largest daily addition logged in 2026 so far. The 10,000-plus figure covers the April 19 to April 22 window specifically; the…

Kalshi has fueled a billion-dollar dispute over sports betting regulation as trading activity on its platforms continues to surge. According to a report from Semafor, a coalition that includes the Indian Gaming Association, the American Gaming Association, and labor organizations has urged the US Senate to add language to the CLARITY Act explicitly preventing sports and casino-style event contracts from being offered through prediction market platforms. In a letter to lawmakers, the groups argued that sports betting should remain outside the jurisdiction of the Commodity Futures Trading Commission and continue to be governed by existing state and tribal regulatory systems.…

In a notable development, $SPCX has surpassed $350 million in total on-chain volume since its listing on Solana. This achievement was highlighted in a recent tweet by the user Backpack, who retweeted an announcement from Sunrise Defi, emphasizing the growing engagement with the asset. You can view the original tweet here. Market Snapshot The recent activity surrounding $SPCX reflects a significant rise in its on-chain volume, now exceeding $350 million since its introduction to the Solana ecosystem. This surge in volume indicates a robust level of network engagement and interest among traders and investors. Market observers note that increased transaction…

Bitcoin continues to trend higher, demonstrating resilience despite short-term volatility and pressure from resistance. Rather than displaying signs of heavy distribution or aggressive selling, the market has maintained a constructive structure with shallow pullbacks and consistent higher highs, reinforcing confidence in the broader bullish trend. Strong Stability Of Bitcoin Above Key Levels Bitcoin is demonstrating significant resilience, according to analyst Sykodelic, who notes a lack of massive sell-offs or hard rejections. Instead, the market is producing higher highs following only minor pullbacks. $BTC has successfully cleared multiple key levels and is currently consolidating to build the strength necessary for its…

Elon Musk’s net worth has briefly climbed to nearly $1.4 trillion, surpassing Bitcoin’s market value at the time after SpaceX shares reached an intraday high of about $225.84 on June 16. According to data from Yahoo Finance, SpaceX stock extended its post-IPO rally on Tuesday, pushing the company’s valuation close to $3 trillion at its session peak. The surge temporarily lifted the value of Musk’s holdings above the market cap of Bitcoin ($BTC) at $1.31 trillion at the time, making him wealthier on paper than the world’s largest cryptocurrency was worth at that moment. Source: Yahoo Finance The milestone followed…

Bio Protocol’s native token $BIO surged significantly today. This rally has been fueled by the fresh hype around the project’s AI-powered push into decentralized science (DeSci). According to a post on social media platform X, a recent feature on Bankless and a viral X post from the page itself highlighted breakthroughs in AI-driven peptide drug discovery, which increased the buying pressure. AI Agent Designs ADHD Peptide in 24-hours For Under $1,500 The Bio Protocol’s CEO revealed that their team had created a new ADHD drug candidate in just 24 hours by using AI. Their AI system, PeptAI, not only designed…

The CLARITY Act has advanced toward a potential July Senate vote, though negotiations over conflict-of-interest provisions continue to divide lawmakers. According to David Nage, managing director and portfolio manager at Arca, discussions with Senate offices and staff members in Washington left him convinced that most of the work surrounding crypto market structure legislation has already been completed. In a recent report, Nage wrote that the industry and policymakers are roughly “80–85%” aligned on the substance of the bill despite public disagreements that continue to generate headlines. The legislation, formally known as the Digital Asset Market Clarity Act, has already secured…

Binance, through its subsidiary Bifinity UAB, has announced its exit from Lithuania, where it was the sixth-largest taxpayer. The move highlights ongoing challenges in the regulatory landscape affecting cryptocurrency operations, particularly in smaller nations. This development raises significant questions regarding the approach of bureaucrats toward the crypto industry, as noted in a recent tweet by Ignas | DeFi. Market Snapshot The broader crypto market is currently experiencing mixed signals, influenced by various factors across major assets. Binance, a significant player in the industry, has been pivotal in Lithuania’s economic landscape, notably as a top taxpayer. However, its decision to leave…

CryptoQuant’s Bitcoin Bull-Bear Cycle Indicator is flashing a green signal for the first time since March 2023. Here’s what it could mean for the asset. Bitcoin Now In “Early Bull” Phase On CryptoQuant’s Market Cycle Indicator As highlighted by an analyst in a CryptoQuant Quicktake post, the CryptoQuant Bitcoin Bull-Bear Market Cycle Indicator has signaled a shift for the cryptocurrency recently. This indicator tells us, as its name suggests, about the phase of the cycle that $BTC is potentially inside right now. The metric is based on CryptoQuant’s P&L Index, which combines the data of several key on-chain indicators to…