Cryptonews

Twenty suspicious cases, flagged by the Central Board of Direct Taxes (CBDT)-a rather grandiose title, don’t you think?-led to intrepid officials venturing into the rural heartland. Villages, dear reader, positively brimming with bewilderment. Imagine, if you will, a farmer, sun-bronzed and smelling faintly of earth, being informed by a man in a suit that he is, according to the digital ledger, a major player in the volatile world of cryptocurrency. The irony, one suspects, would be lost on him. The sum involved? A rather substantial 170 crores of rupees, which translates, for those of us clinging to actual currency, to approximately $19.31 million. A tidy sum indeed, pilfered from the pockets-or, more accurately, the identification cards-of the unsuspecting.

So, what’s next? Will Bitcoin’s value bounce back? Will Ethereum stage a heroic recovery? Or is this just another stop on the roller coaster ride that never seems to end? Who knows. For now, just sit back and watch the drama unfold. It’s a show-one that some love, some hate, and others just can’t look away from. 🍿💰

The lesser coins, those amusingly named ‘altcoins,’ have fared even worse, naturally. One suspects they lack the inherent style necessary to withstand the tempest. This has resulted in – and one says this with the utmost lack of surprise – the rather vulgar spectacle of nearly a billion dollars being spirited away in ‘liquidations.’ A most untidy affair. 💸

Axelar’s Interchain Token Service (ITS) now threads XRP through more than eighty blockchains. It is as if a river learned to wear a suit, crossing every bridge and asking for directions in every language. This grants XRP broader utility, a new tune for a coin that thought it knew its role. In September 2025, $mXRP-XRP in a snappy new staked form-launched with a 10% yield. The promise of yield turned the interchain fanfare into a full-blown parade, and transfers via ITS reached about $6.6 million in the first days, which, frankly, sounds like the market waking up with a strong coffee ☕️.

In a report as dense as a Russian winter, Grayscale’s researchers proclaimed the CLARITY Act a “comprehensive financial services legislation,” a phrase as laden with promise as a Tsar’s decree. Yet one wonders: Will this law integrate crypto into tradition, or merely bind it tighter to the machinery of bureaucracy? 🤷‍♂️

Bitcoin, once a herald of prosperity, now finds itself below $110,000, and the question on every troubled investor’s lips is: Is this the beginning of a more profound correction, or a temporary blip in the matrix? The Relative Strength Index (RSI), that cruel instrument of fate, is inching towards the overbought abyss. Experts-those whose words we cling to in such dark times-suggest that this is merely part of the eternal cycle: the pendulum swings between euphoria and despair. And yet, the bitter truth is clear: until Bitcoin surges above $118,000, like a phoenix rising from the ashes, there remains a chilling specter of further downfall.

Armed with this little lot, CleanSpark plans to doll up their data centers, jam up their high-performance computing efforts, and help their Digital Asset Management team – y’know, the folks who play with numbers. They’re sitting pretty with over 12,000 BTC in their treasury since January 2025, when they started with a modest 10,000 BTC, by the way.

Because ERC-20 tokens drift seamlessly through exchanges, wallets, and DeFi platforms, like pleasantries at a village tea. Capital moves with less friction and more speed, which is to say, people can gamble or lend or flee a bit faster.