Crypto Tax Clampdown: India Probes 400 Binance Traders For Evasion

A trader from Hyperliquid, who previously made a staggering $192 million by shorting the crypto market just before a major tariff announcement by Trump, is gearing up to make similar moves again. This news is significant as it highlights the trader's ability to capitalize on market volatility, which could influence other investors and traders in the crypto space. With the ongoing fluctuations in cryptocurrency values, many are keenly watching to see if this trader can replicate past successes.

BNB has made a remarkable recovery, bouncing back 16% after a significant drop over the weekend. This resurgence is noteworthy as it follows one of the sharpest flash crashes the market has seen recently. The recovery not only highlights the resilience of BNB but also reflects broader market dynamics, as CZ downplays the role of market makers in this volatility. Understanding these fluctuations is crucial for investors and enthusiasts alike, as it sheds light on the ever-changing landscape of cryptocurrency.

IoTeX is taking proactive steps to enhance its market stability by launching a token buyback program and forming new liquidity partnerships. This comes after a recent incident with a market maker that caused unusual price fluctuations for IOTX on Binance. By implementing these measures, IoTeX aims to restore investor confidence and ensure smoother trading experiences, which is crucial for maintaining a healthy ecosystem in the cryptocurrency market.

The White House is reportedly considering a presidential pardon for Binance co-founder Changpeng Zhao, which Zhao has described as 'great news if true.' This potential pardon could have significant implications for Zhao and the cryptocurrency industry, as it may alleviate legal pressures and restore confidence in Binance's operations. The news highlights the ongoing intersection of politics and the rapidly evolving crypto landscape.

Coinbase is set to increase the limits on its debit card, a move that is expected to enhance the adoption of cryptocurrency among users. This change not only makes it easier for customers to spend their crypto assets but also signals a growing acceptance of digital currencies in everyday transactions. As more people embrace crypto, this could lead to a significant shift in how we view and use money, making it an exciting time for both investors and consumers.

Ethereum's price is on the rise again, bouncing back from recent market fears and showing signs of stability in the futures markets. This recovery suggests that Ether could soon reach the $4,500 mark, which is significant for investors and the broader cryptocurrency market. A stable price can boost confidence and attract more participants, making this a crucial moment for Ethereum's future.

Binance has clarified that the recent panic over tokens appearing to crash to $0 was due to a display issue, not an actual market collapse. This clarification is important as it helps restore confidence among users who may have been alarmed by the misleading information. Understanding the technical glitches that can occur in trading platforms is crucial for investors to navigate the cryptocurrency market more effectively.

Binance is stepping up to support users impacted by recent market volatility, offering compensation to those who held specific tokens during a critical period. This move is significant as it reflects the exchange's commitment to its users and aims to restore trust after the forced liquidations caused by extreme price swings. If you were affected, this could be a chance to recover some losses.

Ethereum has shown remarkable resilience in 2025, bouncing back from a low of $1,500 to reach a new all-time high of $4,946. This impressive performance not only highlights Ethereum's strength in the crypto market but also suggests that it may have more potential for growth. Investors and enthusiasts are keenly watching these developments, as they could indicate a broader trend in the cryptocurrency landscape.

Binance has taken a significant step by distributing $283 million to users affected by recent market turmoil. This swift compensation not only alleviates the financial strain on its users but also underscores Binance's commitment to transparency and responsiveness. In a time when trust is crucial in the crypto space, such actions can help reinforce user confidence and stability in the market.

This week, the crypto market is under scrutiny following a significant crash that wiped out billions in value. As we delve into the top news items, it's crucial to understand their potential impact on the industry. Keeping an eye on these developments can help investors navigate the volatile landscape and make informed decisions.

The recent depegging of USDe on Binance, which saw the token drop to $0.65, has been attributed to an isolated incident rather than any fundamental issues, according to Ethena founder Guy Young. This clarification is important as it helps to reassure investors that the token's value may not be affected by broader market trends, highlighting the need for vigilance in the cryptocurrency space.

The PEPE price experienced a significant drop of over 60% during a recent liquidation event, impacting many traders who rushed to protect their investments. However, analysts suggest that the market is stabilizing post-crash, indicating potential recovery for PEPE and other altcoins. This situation is crucial as it reflects the volatility of cryptocurrency markets and the importance of strategic trading during downturns.

A trader from Hyperliquid, who previously made a staggering $192 million by shorting the crypto market just before a major tariff announcement by Trump, is gearing up to make similar moves again. This news is significant as it highlights the trader's ability to capitalize on market volatility, which could influence other investors and traders in the crypto space. With the ongoing fluctuations in cryptocurrency values, many are keenly watching to see if this trader can replicate past successes.

Securitize, a leading tokenization firm, is reportedly considering a $1 billion SPAC deal with Cantor Fitzgerald. This move could significantly enhance Securitize's position in the financial technology sector, allowing it to expand its services and reach a broader market. The potential partnership with Cantor Fitzgerald, a well-respected investment firm, underscores the growing interest in tokenization and its implications for the future of finance.

XRP has seen a remarkable rebound of 8% as $30 billion flows back into the cryptocurrency market following a recent trade-war rout. This surge is significant as it reflects renewed investor confidence and a potential recovery in the crypto space, which had been under pressure. The influx of capital indicates that investors are looking for opportunities in the wake of market volatility, making this a crucial moment for XRP and the broader cryptocurrency landscape.

Solana is on the rise again, breaking through the $180 mark and now consolidating above $185. This upward momentum suggests that it could soon surpass the $200 threshold, which is significant for investors. The formation of a bullish trend line indicates strong support at $188, making it an exciting time for those following the cryptocurrency market. As Solana continues to gain traction, it could signal a positive shift in investor confidence and market dynamics.

BNB has made a remarkable recovery, bouncing back 16% after a significant drop over the weekend. This resurgence is noteworthy as it follows one of the sharpest flash crashes the market has seen recently. The recovery not only highlights the resilience of BNB but also reflects broader market dynamics, as CZ downplays the role of market makers in this volatility. Understanding these fluctuations is crucial for investors and enthusiasts alike, as it sheds light on the ever-changing landscape of cryptocurrency.