Mercado Bitcoin announces tokenization of $200M in RWAs on XRPL

Even though Ethereum's price has been sluggish lately—dipping around 1-2% in the last day—investors are still pouring money into Ethereum ETFs. The numbers show demand hasn't wavered, hinting that traders might see this as a temporary dip rather than a long-term slump.

Editor’s Note: Price drops usually scare investors off, but Ethereum's ETF inflows staying strong suggests confidence in its future. It’s a sign that big players might be betting on a rebound, or at least aren’t spooked by short-term volatility. For crypto watchers, that’s a subtle but important signal.

A fund manager, Bill Miller IV, argues that taxing Bitcoin is illogical because the government doesn’t actively support or maintain the cryptocurrency—unlike traditional systems where taxes fund services. His stance taps into the broader debate about how decentralized assets should fit into existing tax frameworks.

Editor’s Note: This isn’t just about Bitcoin—it’s a clash between old-school tax policies and the decentralized nature of crypto. If governments can’t easily tax digital assets, it could force a rethink of how value is tracked and taxed in a world where money isn’t always tied to a central authority. For crypto holders, it’s a potential win; for regulators, a headache.

Mercado Bitcoin, one of Latin America’s largest crypto exchanges, is making a big move by tokenizing $200 million worth of real-world assets—like real estate or commodities—on the XRP Ledger. This means they’re turning physical assets into digital tokens that can be traded more easily, using XRP’s blockchain for speed and lower costs. It’s a sign that traditional finance and crypto are getting cozier.

Editor’s Note: Tokenizing real-world assets isn’t new, but a major player like Mercado Bitcoin jumping in with this scale (and choosing XRP Ledger) is a big deal. It could open up investment opportunities for everyday people, make markets more liquid, and give XRP a credibility boost. For crypto skeptics, it’s another step toward proving blockchain isn’t just speculation—it’s practical finance.

Indian cryptocurrency traders are facing a hefty 18% Goods and Services Tax (GST) on transactions after the exchange Bybit decided to comply with the country's tax regulations. This move has sparked frustration among users, who now have to shoulder higher costs when trading digital assets.

Editor’s Note: India's strict tax policies on crypto are hitting traders where it hurts—their wallets. With Bybit enforcing the 18% GST, users are feeling the pinch, and it could push some toward unregulated platforms or discourage crypto adoption altogether. This isn't just about one exchange; it reflects the broader tension between governments trying to control crypto and users who want financial freedom. If more platforms follow suit, India's crypto scene might shrink—or go underground.

Bitcoin is showing some red flags right now—its Relative Strength Index (RSI), a key momentum gauge, is mirroring a pattern seen after the 2020 "halving" (when Bitcoin's supply growth slows). This same setup back then led to a price slump, and analysts warn history might repeat itself. Even though Bitcoin’s price has been hitting higher peaks, the RSI isn’t keeping up, suggesting weakening momentum. Traders might want to buckle up for a bumpy ride.

Editor’s Note: If you’re holding Bitcoin or eyeing a trade, this isn’t panic-button time—but it’s a heads-up. The RSI divergence is like a weather vane hinting at a possible storm. Markets don’t always follow the script, but when a classic warning sign pops up, it’s worth paying attention. For crypto watchers, it’s another twist in Bitcoin’s volatile saga post-halving, where supply shocks meet trader psychology.