🏛️ Regulatory Developments in India

India's Supreme Court has intensified pressure on the central government to establish clear regulations for cryptocurrencies. The Court criticized the current approach of taxing crypto transactions without providing a legal framework, warning that this could lead to a "parallel economy" and financial instability. While the Reserve Bank of India (RBI) has expressed concerns about the risks associated with cryptocurrencies, it continues to promote the Digital Rupee, a central bank digital currency.

📈 Market Highlights

Bitcoin (BTC): Currently trading at $106,686, just 3% below its all-time high.

Ethereum (ETH): Holding steady at approximately $2,555.

BNB: Trading around $654.68.

XRP: Stabilizing at $2.35.

Cardano (ADA): Priced at $0.75.

🔐 Security Concerns

Coinbase recently experienced a data breach affecting a subset of its customers, potentially costing the company between $180 million and $400 million. In response to increasing threats, crypto executives are enhancing personal security measures.

🌍 Global Developments

Argentina: President Javier Milei has disbanded a task force investigating the fallout from the LIBRA project.

United States: The Securities and Exchange Commission (SEC) has charged Unicoin and its executives with a $100 million fraud related to a token offering.

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