WazirX set to resume operations after year-long shutdown

WazirX, a prominent Indian cryptocurrency exchange, has officially resumed operations after being shut down for over a year. This development is significant as it reflects a potential recovery in the Indian crypto market, which has faced regulatory challenges. Meanwhile, the UK's Financial Conduct Authority (FCA) is intensifying its efforts to regulate unregistered exchanges, highlighting the ongoing global push for compliance and security in the cryptocurrency space.

This month, on-chain perpetual-focused decentralized exchanges have achieved a remarkable milestone by surpassing $1 trillion in total trading volume. This surge not only highlights the growing popularity of decentralized finance but also signifies a shift in how traders are engaging with cryptocurrency markets. As more participants flock to these platforms, it could lead to increased innovation and competition in the crypto space, making it an exciting time for investors and enthusiasts alike.

WazirX, the Indian cryptocurrency exchange, is set to resume trading and withdrawals after a significant hiatus following a hack in July 2024. This reopening is a crucial development for users eager to engage in crypto transactions again, marking a positive turn for the platform and its community. The scheduled restart this Friday brings hope for a revitalized trading environment and reflects the exchange's commitment to restoring trust and functionality.

WazirX has announced the resumption of trading with an exciting 30-day zero fees promotion and a phased rollout of new tokens. This move is significant as it not only enhances user engagement but also positions WazirX as a competitive player in the cryptocurrency market, especially in India, where trading fees can be a barrier for many users. The initiative aims to attract both new and existing users, fostering a vibrant trading environment.

In a surprising turn of events, President Donald Trump has granted a presidential pardon to Changpeng Zhao, the founder of Binance, the largest cryptocurrency exchange in the world. This pardon comes after Zhao pleaded guilty to charges related to money laundering. The decision is significant as it not only clears Zhao's legal troubles but also reflects a shift in the regulatory landscape for cryptocurrencies, potentially boosting confidence in the crypto market.

WazirX, India's largest crypto exchange, is set to relaunch trading, deposits, and withdrawals on October 24, 2025, after a year-long halt due to a significant hack. This relaunch is crucial as it not only marks a new beginning for the platform but also comes with a promise to compensate affected creditors within ten business days. Nischal Shetty, the founder, reflects on the lessons learned during this challenging period, emphasizing the importance of trust and security in the crypto space.

OKX has just launched an innovative service aimed at banks, allowing them to provide access to digital assets for their institutional clients. This move is significant as it opens up new avenues for banks to engage with the growing crypto market, potentially enhancing their service offerings and attracting more customers interested in cryptocurrencies.

WazirX is making a strong comeback by offering 30 days of zero-fee crypto trading, aiming to rebuild liquidity and trust after a long break. This initiative is significant as it not only attracts users back to the platform but also revitalizes the overall trading environment in the crypto space, which has faced challenges recently.

Bitcoin has been experiencing significant volatility, struggling to find a stable price direction over the past week. After a brief rebound to around $112,000, it has settled in the $111,000 range following some gains. This fluctuation is crucial as it reflects the ongoing challenges in the cryptocurrency market, and analysts like DaanCrypto are closely monitoring key price points, which could indicate future trends.

Bitcoin is currently in a reaccumulation phase, which is generating optimism among investors, particularly for high-growth altcoins like Digitap. Following a recent market crash influenced by tariffs, it appears that the cryptocurrency market is consolidating strategically rather than facing a downturn. This could signal a bullish trend for altcoins, making it an exciting time for investors looking for significant gains.

Ferrari is making a significant leap into the Web3 space with the launch of its exclusive 'Token Ferrari 499P'. This move not only showcases Ferrari's commitment to innovation but also opens up new avenues for fan engagement and investment in the digital realm. By embracing blockchain technology and NFTs, Ferrari is setting a precedent in the automotive industry, blending luxury with cutting-edge technology. This initiative is likely to attract a new generation of enthusiasts and collectors, making it a noteworthy development in both the automotive and tech sectors.

The price of Shiba Inu has seen a significant drop, falling by double digits from its peak this year. This decline is concerning as key metrics related to Shibarium indicate that a further crash could be imminent. Understanding these trends is crucial for investors and enthusiasts in the cryptocurrency market, as it highlights the volatility and risks associated with digital assets.

Smaller Bitcoin miners are making significant strides in hashrate and managing debt as competition heats up following the recent halving. This shift is reshaping the industry's balance of power, highlighting the resilience and adaptability of mid-tier miners in a challenging market. Their growth is important as it indicates a diversification in the mining sector, which could lead to a more competitive landscape and potentially stabilize Bitcoin's ecosystem.

Little Pepe, a new memecoin, is making waves in 2025 after raising $27 million in its presale. The excitement surrounding its upcoming Layer 2 launch and innovative approach to the meme economy is drawing significant attention from investors and crypto enthusiasts alike. This surge in interest highlights the growing trend of memecoins in the cryptocurrency market, showcasing how they can capture public imagination and investment potential.