Author: Simran Mishra

CFTC Warns State Crackdowns Could Disrupt National Markets as Kalshi Fights Ohio Ban in Court The Commodity Futures Trading Commission has supported Kalshi in a legal fight with the state of Ohio. The case focuses on who controls prediction markets in the United States. The CFTC filed a note in the Sixth Circuit Court of Appeals. It asked the court to confirm that federal law gives it control over event contracts. The agency said Ohio has gone beyond its powers. Ohio Calls Sports Contracts Illegal Gambling Ohio officials earlier told Kalshi to stop offering sports event contracts. They called these…

Sudden Crypto Sell-Off Triggers $125M Liquidations as Long Traders Lose Over 80% Positions Across Major Coins The crypto futures liquidations crossed $125 million in the last 24 hours. The market saw a sudden drop in prices, this move forced many traders to close positions. Most of the losses came from long traders. Bitcoin saw the highest Bitcoin liquidation. Around $58.02 million got wiped out, about 77% of these were long positions. This shows many traders expected prices to rise. Heavy Losses in Major Cryptos Ethereum followed with $56.52 million in Ethereum liquidation. Long positions made up more than 86%. This…

ED Arrests 3 in a Major Cryptocurrency PMLA Case Linked to a Bitcoin Scam & Money Laundering Trail: Bengaluru Probe Deepens The cryptocurrency PMLA case has taken a sharp turn after fresh action by the Enforcement Directorate. The agency arrested 3 accused in Bengaluru and pushed the probe deeper into a complex web of crypto fraud and money laundering. Officials confirmed the arrest of Srikrishna Ramesh, known as Sriki, along with Robin Khandelwal and Sunish Hegde. The agency nabbed them on May 8 under the Prevention of Money Laundering Act. A Bengaluru court later sent all three to ten days…

India’s Crypto Policy in Limbo as Startups Exit, Investors Face Risk and Global Rules Push Urgent Action India’s crypto regulation stands at a critical crossroads. Global developments now challenge the long-standing wait-and-watch crypto policy. The United States has moved closer to a structured legal framework for digital assets. This shift could reshape global standards and push India toward faster action. India has taken a cautious path so far. The government taxes crypto gains at 30%. A 1% TDS applies to every trade. Still, no clear law exists for digital assets. This creates confusion in the market. Crypto Startups Face Uncertainty…

India’s Blockchain Drive Expands to States, Targets Supply Chains and Public Services with 10 Pilots India’s blockchain growth picked up speed in 2026 with a strong government push. The launch of the Blockchain India Challenge brought fresh energy to this plan. The focus now stays on real use cases, not crypto trends. The Ministry of Electronics and Information Technology launched the Blockchain India Challenge in February 2026. The program invites startups to build simple blockchain solutions to address various issues in public systems. Key areas include procurement, supply chains, and service delivery. Government Push for Blockchain The government wants to…

CLARITY Act Nears Senate Markup as 52% Support Crypto Rules, SEC–CFTC Split & Stablecoin Debate Intensify The CLARITY Act is moving closer to a key Senate vote as support for crypto rules grows across the United States. A new HarrisX survey showed that 52% of voters support the bill. Only 11% said they oppose it. The results have increased pressure on lawmakers to take action soon. The Senate Banking Committee is expected to hold a markup session later this month. During this stage, senators review the bill, discuss changes, and prepare it for a full Senate vote. Reports said some…

Bitcoin ETFs Push Crypto Fund Inflows Higher for Fifth Straight Week Crypto fund inflows continued for the fifth straight week as institutional demand returned to Bitcoin ETFs and digital asset investment products. The latest CoinShares data suggests that crypto funds added nearly $118 million last week despite sharp midweek volatility across global markets. The weekly number looked modest on the surface. However, market activity revealed a dramatic recovery. Crypto exchange-traded products lost almost $620 million between Monday and Thursday. Friday changed the picture completely after a massive $737 million inflow entered the market in a single session. That late rebound…

Ahmedabad Artist Lost Rs. 27 Lakh in a Fake Crypto Trading Scam: Social Media Trap, Fake Profits, and Withdrawal Tricks Exposed A 40-year-old artist from Ghatlodia in Ahmedabad lost nearly Rs. 27 lakh in a cryptocurrency scam. The fraud happened through a fake online trading platform. Ahmedabad cybercrime police have registered a case and started an investigation.  The scam started in December 2025 when the artist got a message from an unknown woman on social media. The chat later moved to a messaging app. The woman talked about cryptocurrency trading and promised high profits. She shared a link to a…

Multicoin Accumulates Zcash Since February as Price Hits $550, Signals Rising Demand for Private Crypto Assets Multicoin Capital co-founder Tushar Jain has increased his Zcash investment in 2026. This step comes as concerns about financial privacy continue to grow. The firm started buying Zcash in February and has kept adding more since then. Jain believes Zcash follows the original idea of cryptocurrency. That idea focuses on privacy and financial freedom. He said people now want better control over their money. This demand is rising as governments discuss stricter rules. Rising Demand for Financial Privacy Recent talks about wealth taxes and…

Ripple Convera Partnership Brings Faster Cross Border Payments with Stablecoin Payments & Blockchain Payments Ripple and Convera’s new partnership marks a strong shift in global payments market. Ripple Labs and Convera have joined forces to upgrade cross border payments using stablecoin payments and blockchain payments. The deal brings speed, scale, and simplicity to enterprise payments. Convera already has a strong global network. It supports more than 140 currencies and works in around 200 countries and territories. This gives the Ripple-Convera partnership a wide reach from the start. Businesses can now send payments across borders with fewer delays. How the Partnership…