SBI Holdings, Solana Foundation partner to build Japan-based onchain financial market

Chinese prosecutors propose treating crypto mixer and privacy coin usage as potential money laundering indicators. This escalates regulatory pressure on privacy-focused cryptocurrencies like Monero and Zcash, which enable anonymous transactions. The move signals stricter enforcement globally, impacting investors holding privacy coins. Indian crypto users should monitor compliance implications, as regulators may adopt similar stances toward anonymous transaction tools used for tax evasion or illicit activity.

Bitcoin fell 1% to $63,100 as Middle East tensions between Iran and the U.S. triggered profit-taking across risk assets. LIT slumped 8% after rallying 200% in two months. South Korea's Kospi dropped 9.2%, while $253 million in crypto leveraged positions liquidated. Derivatives positioning remained stable, suggesting measured market confidence despite geopolitical headwinds affecting Indian crypto investors' portfolios.

Bitcoin slipped below $63,000 as renewed fighting between the United States and Iran pushed oil prices higher, drove bond yields up, and revived concern that an extended disruption in the Strait of Hormuz could keep inflation elevated. Data from CryptoSlate shows the largest cryptocurrency traded near $62,940, down about 1.4% over 24 hours. Other leading […]...