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RBI Told The Parliament That Crypto Should Be Banned..

On July 2nd, During the Parliamentary Standing Committee on Finance, RBI made a bold move telling that cryptocurrencies should be banned in India.. They say its a threat to economy..

India collects Approx 706 crores in crypto tax but RBI says crypto should be banned..

On the other side, U.S has come up with the ''Clarity Act'' bill, once its passed crypto will boom..

About 1 Million Investors Lost $3.8 Billion on Trump Memecoin..

Yes Guys People who invested in Trump coin have lost $3,810,000,000..

MemeCoin had a peak value of around $75, but it's currently worth less than $2 now..

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Michael saylor's Strategy has sold 3,588 BTC worth $216M to fund dividends on its Digital Credit Securities.

As of today, Strategy holds 843,775 Bitcoins..

Tom Lee's 'BitMine' buys 42,197 Ethereum worth $73 million yesterday..

Bitcoin is under pressure again.


President Trump on Iran:

"The memorandum of understanding is over. I don't want to deal with them anymore."

He says, "They're scum…They're liars…It's a waste of time to continue talking to them."

India's central bank backs crypto ban.

RBI reportedly backs crypto ban over financial stability risks, while India’s tax department warns of offshore trading and tax evasion concerns.

There's 39 million crypto investors in India..

UPDATE:

Parliament’s Finance Committee has invited Crypto industry representatives for discussions on India’s digital asset policy...

Hi guys, from last 4 days I'm on vacation.. 😉

Sorry for not posting, don't mind.. ❤️

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24.72 CRORE CRYPTO SCAM EXPOSED:

Surat Cyber Crime Police have arrested a 29 year old software engineer in connection with an alleged multi state crypto investment fraud of 24.72 crores.

Here's what happened.

A victim reportedly lost ₹72.73 lakh after being lured through Telegram to invest on a fake crypto trading platform.. According to investigators, the accused allegedly provided his bank account, debit card, and online banking credentials to fraud operators in exchange for a 2% commission.

Authorities traced over ₹1.60 crore through his account, while linking it to 8 cyber fraud cases involving a combined amount of ₹24.72 crore.

This is why you should stay cautious on Telegram, WhatsApp, and other social media platforms. Don't trust unknown people and don't send your money or crypto to anyone..

IMPORTANT UPDATES:

-Middle East tensions rise.. 🇺🇸 U.S strikes 140 targets in Iran.. 🇮🇷 Iran claims attacks on U.S bases, while Gulf nations activate air defenses.

-🇺🇸🇮🇷 U.S imposes new sanctions on Iran...

-🇮🇷 Iran says the Strait of Hormuz is closed until "stability is restored." U.S says the Strait of Hormuz is open to all vessels.

-Polymarket files to offer margin trading in the United States.

-Apple sues OpenAI for allegedly stealing trade secrets.

-🇺🇸 Trump DOJ to drop charges against the mastermind of $722,000,000 crypto Ponzi scheme, Bloomberg reports.

-Eric Trump says "ETH is pumping hard & Crypto is the future."

MARKET UPDATES:

-Market sentiment: Fear

-Index value: 28

-BTC Dominance: 58.80%

-Altcoin season index: 56/100

-Total crypto marketcap: $2.17 Trillion..

-Bitcoin price: $63,100
-ETH Price: $1,780

The U.S House will hold a hearing on the crypto CLARITY Act in just 4 days...

U.S CPI Data is at 6 PM IST Today.

-HeadLine CPI:
Previous: 4.2%
Forecast: 3.8%

-CORE CPI:
Previous: 2.9%
Forecast: 2.8%

If data comes Lower Than Forecast, then bullish for BTC.

If data comes Higher Than Forecast, then bearish for bitcoin.

U.S CPI came in at 3.5%

Expectations: 3.8%

Caught the move perfectly.. 🔥🔥🔥

IMPORTANT UPDATES:

-Iran says Elon Musk's Starlink infrastructure is a legitimate military target.

-Senate has 24 days to pass the Crypto Clarity Act before leaving for summer recess.

-🇺🇸🇬🇧 US and UK announce joint plan to support cross-border tokenized assets and crypto stablecoins.

-U.S advances plans to build an Iraq-Syria oil pipeline to bypass the Strait of Hormuz.

-🇨🇳 China's economy slows to the weakest in over 3 years as US-Iran war continues.

-🇰🇷 South Korea to include crypto under planned state asset management law.

U.S June PPI comes in at 5.5%..

lower than expectation of 6.2%.