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๐กINDIA ๐ฎ๐ณ REMAINS IN THE GRAY CONCERNING CRYPTO โ๏ธ๐ช ๐จ BREAKING: Indiaโs new RBI Governor Sanjay Malhotra just issued a fresh crypto warning๐ NO CHANGE in Indiaโs stance on crypto. ๐ "Crypto can undermine financial stability," Malhotra declared, adding there's still no new policy on the horizon. ๐ Whatโs the current crypto status in India? ๐น NOT banned โ ๐น NOT legalized โ ๐น DEEP in a regulatory limbo ๐ ๐น RBI is still VERY concerned about cryptoโs risks ๐ฃ India ๐ฎ๐ณ remains in the crypto twilight zone; no clear law, no official recognition, and growing tension between regulation and innovation โ๏ธ Why this matters now: ๐ Global crypto adoption is surging ๐ ๐ฑ Over 100 million+ Indian users are trading, investing & building in Web3 ๐ฅ ๐ But face uncertain rules and lack of protections ๐ Meanwhile, the government is still working on a discussion paper ๐ to shape future regulations but until then, the legal fog remains ๐ถโ๐ซ๏ธ
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$SOL PRICE ๐ DECLINING ON-CHAIN ACTIVITY & RISING SCAM FEARS ๐ Solana (SOL) has taken a sharp hit today, and two key factors are standing out behind the dip. 1. Falling On-Chain and DEX Activity: Solanaโs ecosystem has seen a significant drop in engagement. Weekly on-chain volumes and decentralized exchange (DEX) transactions have plunged by 24โ30%, dragging the networkโs usage to its lowest levels of 2024. With memecoins previously fueling high transaction activity, the sudden decline reflects fading retail enthusiasm and less speculative trading. This directly impacts demand for SOL as gas fees and liquidity both weaken across the board. 2. Spike in Scam-Related Sentiment: Recent high-profile scams have further shaken confidence in the Solana ecosystem. Several memecoin rug pullsโsome even linked to wallets associated with North Korean hacking group Lazarus have left users wary. As new projects struggle to gain traction due to fear of fraud, genuine builders are also feeling the pressure. The perception of Solana as a "scam-heavy" chain is taking a toll on user trust and market sentiment, prompting a sell-off from cautious investors.
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MIDDLE EAST MAYHEM ๐ฅ๐ข๏ธ: WHAT IT MEANS FOR YOUR WALLET & YOUR BITCOIN ๐ธ๐ช You may not live in the Middle East, but your wallet definitely feels the heat ๐ฅ. Geopolitical tension between Israel and Iran has jolted global oil markets. Gasoline prices at the pump could spike โฝ, airfares may climb โ๏ธ, and everyday goodsย from groceries to electronics โ could cost more ๐ฆ due to higher transport expenses. This ripple effect is real, global, and hitting both households and portfolios. BTC has been feeling the pressure too. Despite holding strong above $103K, itโs struggled to retest the $112K zone. The ongoing geopolitical instability is a major reason why ๐. Investors are cautious, liquidity is tighter, and risk-off sentiment is creeping in. If tensions escalate further, BTC could dip again potentially down to $101K, or even $98K in the event of broader conflict โ๏ธ๐. For now, itโs a game of patience and protection. May we all pray ๐ for the war to end , so children can live in peace ๐คง
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Funny how the world works
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OIL PRICES ON FIRE ๐ฅ๐ข๏ธ: ISRAELโIRAN CONFLICT STIRE THINGS UP โผ๏ธ A sharp escalation between Israel and Iran has sent Brent crude surging past $90, igniting fears across global markets. Investors are grappling with the possibility of a prolonged conflict in the Middle East and itโs not just about oil. The Strait of Hormuz, through which a third of the worldโs seaborne oil passes, is now in question. Higher fuel costs could ripple through supply chains, driving inflation back up and forcing central banks to stay hawkish. Airlines, travel, and transport sectors are already taking a hit, while energy and defense stocks are surging. With oil climbing and safe-haven assets like gold gaining ground, market volatility is here to stay ๐๐ฃ๐
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