Category: Analysis

Indonesia Scraps Crypto VAT, Doubles Mining Fees in Policy Shift

Key Notes Indonesia’s crypto transaction volume tripled in 2024, with over 20 million users on exchanges. Crypto buyers will no longer have to pay VAT. However, cryptocurrency miners will see a 100% rise in VAT. The finance ministry of Indonesia will reportedly bring a significant policy shift on cryptocurrency taxes in August. The regulator will increase the domestic trades tax from 0.1% to 0.21%, while foreign exchange trades face a 1% tax, up from 0.2%, according to a Reuters report on July 30. Moreover, the new policy removes friction for…

XRP Price Starts Recovery Move – Will It Lead to a Bullish Reversal?

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Tron (TRX) Surges 4.2% as Stablecoin Demand Spikes to $82.7B

Key Notes TRX outperformed major altcoins with a 4.2% gain while SUI and AVAX lost momentum from previous week’s rallies. TRC-20 stablecoin supply jumped from $81.7B to $82.7B as traders sought safety amid market uncertainty on Tuesday. Federal Reserve meeting uncertainty and Trump’s criticism of Powell created flight-to-safety conditions favoring Tron’s dominance. Tron TRX $0.33 24h volatility: 4.0% Market cap: $31.64 B Vol. 24h: $3.24 B price rose 4.2% intraday on July 29, climbing to $0.33. The surge diverges from the correction seen across top altcoin markets, including Sui SUI…

Conflux (CFX) Price Explodes 28% as AxCNH Yuan Stablecoin Pilot Approaches

Key Notes CFX partners with AnchorX and Eastcompeace to launch AxCNH stablecoin for China’s Belt and Road Initiative cross-border payments. Technical analysis shows Bollinger Band breakout with potential targets at $0.30 and $0.34 if support holds above $0.17-$0.18. Trading volume surged 128% intraday as Chinese policy shifts favor regulated private stablecoins over state-controlled CBDCs. Conflux CFX $0.21 24h volatility: 10.6% Market cap: $1.06 B Vol. 24h: $925.45 M emerged among the few altcoins trading in green on Tuesday, posting a 28% rally, pushing its price to around $0.2439 amid fresh…

Coinbase Adds Samsung Pay Integration Enabling Seamless Crypto Transactions for US, Canadian Users

Key Notes Samsung Wallet integration combines payment services with crypto trading through biometric security and Knox platform. PNC Bank partnership provides institutional crypto services to 90,000 corporate clients via integrated banking platforms. These collaborations represent Coinbase’s strategy to mainstream cryptocurrency adoption in the increasingly crypto-friendly US market. Coinbase and Samsung announced the integration of the Samsung Pay and Samsung Wallet services with the Coinbase app on June 29 for select users in the US and Canadian markets, with a broader rollout expected over the next month. Based on a press…

Iranian Government Slams Crypto Mining for 15-20% of Power Deficit Crisis

Key Notes Cryptocurrency mining operations in Iran now consume approximately 2,000 megawatts of electrical power daily. Illegal mining activities dropped consumption by 2,400 MW during recent internet outages, revealing massive scale. Authorities seized over 240,000 mining devices and offer rewards up to $2,300 for reporting illegal operations. Currently, Iran is experiencing frequent power cuts due to its summer season and has a significant electricity deficit. Mohammad Allahdad, deputy director of Iran’s national power company Tavanir, said on July 29 that cryptocurrency mining is responsible for 15–20% of the country’s current…

Standard Chartered: Ethereum Treasury Firms Could Control 10% of All ETH Supply

Key Notes Standard Chartered forecasts ETH treasury holdings could reach 10% of total supply, worth $45.5 billion at current market cap. ETH-focused treasury companies accumulated 1% of circulating supply in two months, equivalent to nearly $9 billion in holdings. Technical analysis shows ETH testing $4,000 resistance with potential breakout to $4,500 if institutional buying momentum continues. Ethereum‘s ETH $3 741 24h volatility: 1.9% Market cap: $450.39 B Vol. 24h: $34.57 B price has dipped 4% in the last 24 hours, mirroring the broader crypto market downtrend on Tuesday amid widespread…

FaZe Banks Quits as FaZe Clan CEO Amid MLG Meme Coin Scam

On July 29, FaZe Banks resigned as the CEO of FaZe Clan following an intense backlash on the launch of meme coin MLG Crypto. The 33-year-old entrepreneur stepped down on accusations of pulling a crypto scam while promoting the meme coin. In his message on the social media platform X, FaZe Banks denied any wrongdoing amid the ongoing crypto controversy. His resignation follows months of controversy and allegations tied to a meme coin promoted by Banks and other FaZe members earlier in 2025. I’ve never scammed anyone a day in…

Indian Exchange CoinDCX Slams Coinbase Acquisition Rumors

Key Notes CoinDCX CEO Sumit Gupta has publicly debunked rumors of a potential buyout by Coinbase. The news comes as the trading platform is battling the aftermath of a $44 million hack. Coinbase recently partnered with PNC Bank to provide cryptocurrency trading and custody services directly through its platform. Sumit Gupta, the CEO of Indian cryptocurrency exchange CoinDCX, has publicly debunked rumors of a potential buyout by Coinbase. In his Tuesday X post, he outrightly told his followers to “Ignore the rumours.” This news comes right in the middle of…

Binance Unveils Discount Buy Option for Market Dips

Key Notes Binance launches Discount Buy to purchase crypto below market prices or earn fixed APR rewards. Feature supports assets like BTC, ETH, SOL, and BNB with preset conditions. Users subscribing by August 11, 2025, receive an extra 10% discount promotion. Popular digital asset service provider Binance has rolled out a service dubbed Discount Buy. With this feature, investors can set their purchase to be executed at certain target prices below current market rates. This structured product could also be used to earn fixed APR rewards if the purchase isn’t…