Author: Simran Mishra

Bybit Introduces Cricket Ball Catch Game With Free Crypto Rewards to Drive User Growth Across India Bybit has launched a new cricket-themed campaign in India to attract more users to its crypto platform. The company has selected cricket for the campaign since the sport has a massive following across the country. Bybit hopes the new game will bring in more users while keeping existing users active during the cricket season.  The Bybit cricket campaign comes with a simple online game. Players catch falling cricket balls on the screen to collect reward points. They can later exchange those points for free…

Bitcoin-Backed Loans Stay Costly at 7.5% – 16% APR Even as Institutional Demand Pushes Market to $67 Billion Bitcoin lending is entering a new phase as more banks and financial institutions join the market. A new report from Silicon Valley Bank says the industry has become stronger after learning important lessons from the crypto credit crisis in 2022. Better risk management, stronger lending rules, and higher transparency now support the market’s growth. The report explains that Bitcoin lending has changed significantly over the past few years. Earlier, many crypto lending companies followed risky business models with weak controls. Those problems…

USDT Supply Crunch in India Drives 8.5% Premium as Tight Liquidity Pushes Stablecoin Costs Higher India’s crypto market is seeing a sharp rise in the USDT premium, with traders paying much more than usual for Tether’s stablecoin. The price of one Tether USDT recently touched around Rs. 102.88, while the official US dollar exchange rate stood near Rs. 94.65. This pushed the premium above 8.5%, far higher than the usual three to 4%. The sudden jump does not mean USDT has lost its value against the US dollar. Instead, it shows that India currently has fewer USDT tokens available while…

Framework Ventures Says $300B Stablecoin Market Could Unlock New Funding for AI, Robotics, and Clean Energy Crypto investment firm Framework Ventures believes blockchain has a much bigger future than just supporting cryptocurrency projects. The company now wants to use blockchain to help fund industries such as artificial intelligence, robotics, and clean energy. The San Francisco-based venture firm has launched a new $400 million investment fund to support this idea. The fund will back startups working with blockchain, tokenization, and stablecoins while building real-world technology. Blockchain Expands Beyond Traditional Crypto Framework Ventures cofounder Michael Anderson said the crypto industry is changing.…

Higher USDT Costs Make Bitcoin and Solana Trades More Expensive as India’s Stablecoin Supply Tightens India’s crypto market is facing a shortage of stablecoins, pushing the USDT premium above 8.5%. The sharp rise shows that fewer USDT tokens are available in the country after recent action by the Enforcement Directorate (ED). USDT is the world’s largest stablecoin and usually matches the value of one US dollar. Since India does not produce or issue USDT locally, exchanges depend on supplies coming from overseas. This often keeps USDT prices slightly higher than the official dollar rate in India. USDT Prices Rise as…

Crypto Market Has Lost Nearly $8.8 Billion Every Day for 261 Straight Days as Liquidity Crisis Deepens The crypto market has gone through one of its biggest drops in recent years. In October 2025, the total value of all cryptocurrencies reached a record $4.3 trillion. Today, that figure has dropped to nearly $2 trillion. This means the market has lost around $2.3 trillion in less than eight months. The size of this loss is huge; in fact, the amount erased from the crypto market is equal to more than half of India’s GDP, which is about $4.15 trillion. The comparison…

CBI Probes MCAP Token, Coin Bank Wallet, and GBMiners Platform in Expanding GainBitcoin Crypto Fraud Case The Central Bureau of Investigation (CBI) has arrested Ayush Varshney, co-founder and Chief Technology Officer of Darwin Labs Private Limited, in the GainBitcoin cryptocurrency fraud case. Officials say the arrest marks another major step in one of India’s biggest crypto scam investigations. Immigration officials stopped Varshney at Mumbai airport while he was allegedly trying to leave the country. The CBI had already issued a look-out circular after identifying him as an absconding accused. The agency arrested him on March 10 and later presented him…

Abracadabra Raises Borrowing Costs and Halts Rewards as MIM Recovers From a 51% Price Crash Abracadabra has rolled out emergency measures after its Magic Internet Money (MIM) stablecoin suffered a sharp drop and lost its dollar peg. The DeFi lending platform is now taking several steps to bring the token back toward its intended value of $1. The trouble started earlier this month when the MIM stablecoin slipped to around $0.74. Although the token briefly recovered and traded close to $0.89, the improvement did not last. Selling pressure increased across the market, pushing MIM down to nearly $0.49. Abracadabra Launches…

CBI Probe Reveals Fake Supreme Court Website, Shell Firms and Mule Accounts Behind Digital Arrest Scams: CBI Launches 80+ and Raids in 16 States The Central Bureau of Investigation (CBI) carried out a massive operation across the country on Thursday as part of its investigation into a digital arrest scam network. Under Operation Chakra VI, the agency searched more than 80 locations across 16 states and formed 60 special teams to conduct the raids. The action comes as the CBI steps up efforts to break the network behind more than 200 digital arrest scam cases reported in different parts of…

GTA 6 Scam Warning: Fake Sites Mimic Rockstar as Crypto Payments and AI Tricks Target Millions Scammers have started new Fake GTA 6 crypto scams to target gamers before the preorder launch. These scams use the hype around Grand Theft Auto VI to trick people into sending cryptocurrency. Fake websites now copy the design and branding of Rockstar Games. These sites look real and show offers like early access or VIP game downloads. These offers sound exciting, but they are completely fake. How the GTA 6 Scam Works Rockstar Games has already confirmed that no early access program exists. The…