Cryptonews

a 6.0% decline in a day, 11.6% over a week, and 23.5% over a year.

The Finance Bill, with its newfound zeal for enforcement, introduces penalties under Section 509 of the Income-tax Act, 2025. Our esteemed Finance Minister, Nirmala Sitharaman, assures us that these measures are designed to “deter non-compliance in crypto-asset reporting.” How quaint-a financial guillotine to encourage honesty. Under this amendment, tardy filers of crypto transaction statements shall be fined ₹200 per day, while purveyors of misinformation face a whopping ₹50,000 penalty. Mark your calendars: the fiscal axe falls on April 1, 2026. A fitting date, one might say.

After a January that started with a bang (30% surge, hello!), XRP decided it was time for a dramatic exit. From a high of $2.40 on January 6th, it’s been on a downward spiral, hitting a 14-month low of $1.50. Ouch. That’s the kind of drop that makes you wonder if it’s time to invest in therapy instead of tokens.

But fear not, for the fearless Barry Silbert, founder of the Digital Currency Group, emerged from the rubble with a grin wider than a Bitcoin whale’s wallet. He proclaimed the crash a “gift from the crypto gods,” because apparently, the gods have a wicked sense of humor. “Speculative excess? More like speculative ex-cess!” he chuckled, probably while sipping a crypto-themed latte.

But wait, there’s more! The market, already quivering like a leaf in a hyperdrive windstorm after last week’s price slump, has now pushed Bitcoin below what Burak Kesmeci (a name that sounds like it belongs to a space pirate, but is actually a renowned market expert) calls a “key price level.” Apparently, this $80,000 mark is not just a number-it’s a psychological, technical, and on-chain fortress. Or, as Kesmeci puts it, “the line in the sand that Bitcoin really shouldn’t cross unless it wants to make institutional investors cry into their spreadsheets.”

Ah, Strategy (formerly MicroStrategy), the poster child of Bitcoin maximalism, is once again dancing on the edge of a razor blade. With Bitcoin’s recent dip into the high-$70,000 range, the company finds itself a paltry 1.8% away from breaking even. Yet, Michael Saylor, the ringmaster of this financial circus, remains unfazed. Even if Bitcoin plunges to $1, he claims, Strategy won’t liquidate. No, they’ll just keep buying-because nothing screams “prudent investment strategy” like doubling down on a sinking ship.

São Paulo’s darling, Nu, is packing its digital bags and heading north. Because, you know, 127 million customers in Brazil, Colombia, and Mexico just weren’t enough to satisfy its insatiable appetite for disruption.

In a policy briefing with the Legislative Council’s Finance Committee, the Secretary for Financial Services and the Treasury, Christopher Hui, didst address the audience with the measured flair of a rhetorician who suspects the punchline.

Ah, the fickle nature of fortune! It seems that, according to the wise sages of Polymarket, Bitcoin is now more likely to plunge below the abyss of $45,000 than to ascend to the celestial heights of $130,000 this year. Truly, a tale worthy of a tragicomedy!

These perp DEXes, the bastard children of DeFi, allow traders to speculate on the price of assets like bitcoin and ether without the tedious formality of ownership. Imagine gambling on a racehorse’s speed without ever laying eyes on the beast-a truly modern indulgence.