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The Nifty Index has staged a notable recovery after a selloff that began on September 27, 2024, from a high of 21,748.65. We label this decline as wave (II), and the index has since turned upward. However, to confirm that the correction is over and avoid a potential double correction, the index must break above…

A Russian economist has claimed that the nation’s Central Bank Digital Currency, the digital ruble, may not roll out nationwide until 2027. The digital RUB had been slated to launch on July 1, 2025. But earlier this year, the Central Bank abruptly postponed the launch “indefinitely,” giving no alternative launch timeline. Digital Ruble Rollout: Russians…

Ranking Member of the House Financial Services Committee Maxine Waters (D-MO) is slated to object to a joint crypto hearing scheduled for Tuesday, Politico reported on Monday. Maxine Waters Hones In On Trump Crypto Connections Hosted alongside the House Agriculture panel and titled American Innovation and the Future of Digital Assets: A Blueprint for the…

Key Takeaways: KuCoin’s mandatory KYC rollout triggered a 77% plunge in its Bitcoin reserves, as privacy-focused users rapidly withdrew funds rather than comply. The dramatic outflow shows how sensitive crypto users remain to compliance shifts and regulatory crackdowns. KuCoin’s experience exposes the trade-off exchanges face between regulatory alignment and user retention in an era of…

U.S. President Donald Trump pushed back on claims that he is profiting from his newly launched memecoin in a new interview with NBC News on Sunday. Donald Trump Dismisses Memecoin Controversy Speaking on “Meet The Press” on May 4, Trump refuted allegations that he has been turning a profit from his namesake memecoin, $TRUMP, which…

Key Takeaways: The U.S. Treasury sanctioned Burma’s Karen National Army and its leaders for allegedly running crypto scam syndicates and human trafficking networks that generated billions in victim losses. The KNA’s territory became a hub for “pig butchering” scams, where trafficked people were forced to defraud victims online. These sanctions mark a major escalation in…

Key Takeaways: The SEC will host a public roundtable on tokenization on May 12 to gather input on integrating blockchain-based assets with traditional financial systems. The event is part of a broader effort by the SEC to inform regulatory policy as digital asset infrastructure evolves. A separate DeFi-focused roundtable has been rescheduled for June 9….

Binance Coin ($BNB) is currently trading at $595.32, posting a modest 1% gain after briefly dipping to an intraday low of $584.61. The slight uptick follows Binance founder Changpeng Zhao’s announcement on May 4 of a strategic partnership with Kyrgyzstan to launch a nationwide crypto payments infrastructure, initiate blockchain education programs, and establish strategic reserves…

Solana (SOL) has faced some short-term pressure, slipping 4.2% over the past week as the broader market took a breather. However, trading volume has jumped 19.4% in the past 24 hours – a sign that interest is ramping up even as the price edges down 0.7%. Momentum may be building for a breakout, especially with…

XRP (XRP) is down 2% in the past 24 hours, currently trading at $2.14 after a weekend pullback across the broader crypto market. While recent whale activity – including a 29.5 million XRP transfer to Coinbase valued at $64.4 million – might suggest short-term pressure, it could also signal strategic repositioning ahead of a major…