Crypto News

In a rather theatrical statement on X-because where else does one air their grievances these days?-Star Xu declared that the October 10 sell-off was not some enigmatic market event shrouded in mystery. No, it was simply the result of “irresponsible marketing campaigns.” And if that doesn’t sound like a classic case of passing the buck, I don’t know what does! On that fateful day, Bitcoin experienced a staggering 16.5% flash crash, plummeting from $121,000 to $101,000. A cruel reminder that even cryptocurrencies can have bad hair days.

Once more, the Union Budget 2026 has passed without so much as a nod towards cryptocurrency, extending India’s proud tradition of silence on this pressing issue. Not a whisper about digital assets, nor a hint of a regulatory framework, and the existing taxation structure introduced back in 2022 remains steadfast, like an old statue that no one dares to move.

You know, the $ASTER token was riding high between September and January, like a kid on a sugar rush, drawing all kinds of attention-everyone loves a good drama!

So, Ethereum’s hanging out at $2,300, which is basically a 40% discount from BitMine’s “brilliant” $3,800 entry point. Talk about a sale they didn’t bargain for. This makes their position the crypto equivalent of that expensive handbag you bought and now hide in the closet because you can’t admit it was a mistake.

Manhar Garegrat, Country Head-India at Liminal Custody, glances at the figures as if they were neighbors in need of a visit. He says India’s crypto policy must mend its posture-toward market structure and sustainability-rather than hobble along with the old friction of taxes. The curiously stubborn friction, he suggests, is driving compliant trading to darker shores, like a misplaced umbrella blowing away in a crowd. He urges Budget 2026 to rethink transaction-level taxes and to entertain a VDA transaction tax model, so that crypto activity remains onshore, transparent, and somehow economically viable-like a lamp that doesn’t flicker every five minutes when you need it most.

Ghana’s jumping on the digital currency bandwagon-finally! After some new laws were passed, they’re now treating cryptocurrency like it’s a legitimate thing. Authorities are like, “Hey, let’s actually teach people about this stuff.” Welcome to the National Virtual Assets Literacy Initiative (NAVALI). Sounds fancy, doesn’t it? It’s like they’ve finally decided to hold a class on how not to lose your shirt in the crypto world.

But wait! What’s this? Enter Enso [ENSO], the L1 token with a market cap of $32.2 million, strutting its stuff and flipping the script with a glorious 12.57% rise since January 29th. It dipped to $1.15, but then it said, “Not today, market!” and bounced back with a jaw-dropping 51.74% gain in just one day. Talk about a comeback story!

Ah, the digital bazaar of baubles and bits! This week, the air has grown thin for NFT sales, which have tumbled by 41% across the grand tapestry of blockchains. CryptoSlam, that tireless chronicler of our age, reports that Bitcoin-based NFT sales, once the darlings of the Ordinals craze, have shriveled by 70.07% as of Saturday. A dramatic fall, indeed, though one might wonder if it is but a natural correction in this theater of the absurd.

Selling pressure, you see, has been as relentless as a toothache. Recovery? Ha! It’s about as likely as a chocolate teapot holding its shape. And with continued distribution risks, ETH is sliding down the slippery slope faster than a greased pig at a county fair.

Miss Olga Ponorovsky, octogenarian and retired engineer, declares that the bank did not shield her or her funds from the wiles of an investment charlatan, as the tale is related by The Sun.