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Markets shook off the DeepSeek panic, with stocks and crypto stabilizing after a chaotic week. Tech stocks split—Microsoft tanked while Google and Meta gained as traders played it safe with AI leaders. Bitcoin and Ethereum are stuck below key resistance levels, with weak momentum keeping full recovery on hold.
Polymarket data shows an 82% chance of XRP ETF approval in 2025, peaking at 89% on Jan 20 before cooling after an SEC closed-door meeting. Grayscale filed to convert its $16M XRP Trust into an ETF, joining firms like CoinShares and WisdomTree in seeking SEC approval. XRP trades below $3.10, with analysts eyeing $3.34 resistance; a breakout could test its 2018 all-time high of $3.84.
The crypto company has turned into a booming investment fund.
BTC remains resilient above $100K, but resistance at $106K challenges further gains. Whale accumulation and technical signals hint at the next trend.
As Solana grows, some wonder whether it will displace Ethereum as the second-largest cryptocurrency behind Bitcoin.
MOCHI and TOSHI soared this week, while MELANIA fell 23%. Will these meme coins maintain their trends, or is a reversal coming?
These three altcoins re surging amid renewed bullish momentum. Can they break resistance levels, or is a pullback on the horizon?
Bitcoin kicked off 2025 with a bang, but a fresh set of factors needs time to congeal before BTC price can chase new highs.
Errol Musk launches “Musk It” meme coin, aiming for a $200M raise. With little transparency, the project sparks skepticism and controversy.
- 13:31Indian cryptocurrency holders face a 70% tax penalty for not disclosing earningsAccording to India's Finance Minister Nirmala Sitharaman in the 2025 federal budget announcement, cryptocurrency will be included in Section 158B of the Income Tax Act for reporting undisclosed income. The amendment allows for collective assessment of unreported cryptocurrency gains, giving it the same tax treatment as traditional assets such as currency, jewelry and gold bars. According to the new amendment, cryptocurrencies will fall under the definition of Virtual Digital Assets (VDA), with the new amendment stating: "Under existing definitions of virtual digital assets, crypto-assets have been defined in section 2(47A) of this law [...] Under section 285BAA of this law, reporting entities will be required to provide information on crypto-assets." As a signal to concerns from cryptocurrency holders, Indian authorities may impose up to a 70% tax penalty on previously undisclosed cryptocurrency profits. According to this document, this fine could apply for up to 48 months after relevant fiscal years where crypto earnings were not disclosed; it states that an additional income disclosed in updated Income Tax Return [ITR] forms should pay taxes and interest totaling 70%.
- 13:28Data: Bitcoin mining revenue in January was 1.4 billion US dollars, a decrease of 2.78% from the previous monthAccording to The Block data, Bitcoin mining revenue reached $1.4 billion in January 2025, a decrease of 2.78% compared to $1.44 billion in December 2024.
- 13:26Zhu Su: The more tokens are issued, the more irreplaceable Bitcoin becomesThe founder of Three Arrows Capital, Zhu Su, posted on social media saying that with thousands of tokens being issued every day, the irreplaceability of Bitcoin becomes even more clear.