🚀 Welcome to The Ascendant — your trusted source for this week’s biggest #Crypto and #Blockchain updates! From massive Bitcoin acquisitions to regulatory crackdowns, here’s what’s shaping the market 👇
🇮🇳 India Seizes $189M in BitConnect Fraud Crackdown
Indian authorities have seized $189 million in crypto tied to BitConnect, marking one of the biggest fraud busts in the country’s crypto history.
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🔥 Illegal Bitcoin Mining Exposed After Fire in Malaysia
An underground Bitcoin mining operation in Malaysia was discovered after a house fire, highlighting the risks of unregulated mining setups.
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🌎 El Salvador Attracts Crypto Firms, But Banking is Key
Crypto companies are moving to El Salvador for its Bitcoin-friendly policies, but access to banking remains a challenge for long-term success.
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🇧🇹 Bhutan Quietly Mines $1B in Bitcoin with Hydropower
Bhutan has amassed $1 billion in Bitcoin using its hydropower resources, reinforcing the growing trend of state-backed crypto accumulation.
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🇯🇵 Metaplanet Buys ¥4B in Bitcoin, Shares Surge 73% YTD
Japanese firm Metaplanet has made a major Bitcoin acquisition, fueling a 73% YTD rally in its stock as institutional interest in BTC grows.
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📊 Crypto Market Insights — By Lorenzo
- Solana’s memecoin season is fading: The "LA Vape Cabal" behind $TRUMP, $MELANIA, and $LIBRA rug pulls is openly bragging about its scams—a clear sign that the hype is dying down.
- Extreme market pessimism: Many doubt the altcoin cycle will happen, but contrarians are buying utility-driven altcoins at historic lows.
- ETH accumulation continues: Despite price suppression, whales are steadily accumulating Ethereum for the long haul.
- The most hated cycle in crypto history? Market sentiment is at an all-time low, yet Bitcoin remains dominant, while altcoins with real utility are at their cheapest levels.
Overall Sentiment: While the market remains fearful, history suggests this is exactly when long-term players make their biggest moves.
