๐ฎ๐ณ The Government of India increases tax pressure on the digital asset market:
๐ 30% profit tax + 1% tax on each transaction (TDS) ๐ A global monitoring (CARF) and reporting system is being implemented ๐ Crypto exchanges are required to share user data
๐ต A new record for the global M2 money supply has been set - this creates a strong influx of liquidity capable of driving up the price of BTC.
Why this is important: โบ Global M2 growth is closely correlated with BTC growth (up to 0.9) โบ Institutions are strengthening the upward trend through ETFs.
๐ข More than 6.2 million ETH (~$23.4 billion) has been permanently lost
๐ฅ If we add 5.3 million ETH that were burned as part of the EIP-1559 mechanism since 2021, then in total more than 6.2 million ETH has irreversibly disappeared โ about 5% of the total issuance (~120.7 million ETH) and around $23.4 billion.
๐ Vietnam has launched the national blockchain platform NDAChain
According to The Tribune, the Government, through the National Data Center under the Ministry of Interior, announced the launch of NDAChain โ a Layer 1 blockchain platform that serves as the foundation for the country's digital data infrastructure.
๐ฃ Galaxy Digital sells vintage bitcoins worth $9 billion without shaking the market
The company completed one of the largest bitcoin transactions in history. As part of the legacy planning strategy of one of the early BTC holders, a batch of 80,000 coins was sold.
Bitcoin Price: $115,780 Change in 24 hours: โ$2,128 (โ1.7%)
๐ After several days of consolidation, Bitcoin sharply broke through the support zone of $117,000, with a price below $115,500. This is one of the declines for the week that can be interpreted as a signal of a possible change in market sentiment.
The crypto community accused Ripple co-founder Chris Larsen of 'dumping' XRP
๐ฐ Addresses associated with Larsen hold more than 2.81 billion XRP (worth about $8.4 billion) โ about 4.6% of the total XRP market capitalization, raising concerns about potential further pressure on the market.
๐ The daily growth of the first cryptocurrency is estimated at >1.2%, and over the month โ $15,000.
โ๏ธ To date, more than 95% of BTC has been mined. Miners have 1.1 million coins left to mine. It is expected that 99% of bitcoins will be mined by January 2035.
๐ The Dogecoin blockchain network can transform into a platform for DeFi, gaming, and other on-chain applications.
โ๏ธ Developers have proposed adding support for ZK-proofs. This initiative paves the way for the creation of credit markets backed by DOGE, exchanges, and multiplayer games.
๐ฅ The cryptocurrency BNB has risen by 4.77% in the last 24 hours, exceeding $796 per coin.
๐ The trading volume of altcoins on Binance Futures increased to $100.7 billion in one day, which is the highest value since February 3. Now, altcoins account for 71% of the total trading volume.