Author: Fahd Parihar

Democrats are pushing back on the CLARITY Act draft, citing weak ethics provisions that they say fail to address President Trump’s crypto links, while Coinbase and Ripple back the bill.

Bitcoin slipped after failing to hold above $67,000 as US-Iran tensions pushed oil higher and jittery markets looked ahead to the Fed meeting. Meanwhile, spot Bitcoin ETFs logged another day of inflows.

The DOJ has moved to seize over $25 million in crypto tied to an international fraud network targeting US and Canadian citizens, with civil forfeiture complaints filed for multiple laundering schemes.

Kalshi has filed with the CFTC to launch perpetual futures on gold, silver, and platinum, aiming to move beyond crypto as the CME Group lawsuit could delay approval.

US spot Bitcoin ETFs logged a fifth straight day of inflows as BTC pushed above $66,000, while analysts debate whether the move signals renewed institutional demand or easing sell-side pressure.

Grayscale has filed with the SEC to launch a Worldcoin ETF under the ticker GWLD, and WLD surged 4.5% after the announcement.

Japan’s parliament has passed an amendment recognizing cryptocurrencies as financial assets, bringing stricter oversight and disclosure rules while lowering the crypto tax rate to 20%.

South Korea’s Financial Supervisory Service has started formal sanctions proceedings against Dunamu, parent of Upbit, over a $36 million hack reported in November 2025.

Bitcoin’s rebound remains fragile as weak ETF demand, macro uncertainty, and ongoing selling pressure keep BTC pinned below key levels.

With July 31 approaching, crypto investors in India should understand how Section 115BBH taxes VDA profits, how FIFO affects cost basis, what Schedule VDA requires, and why accurate reporting is crucial to avoid steep penalties.