🚀 Welcome to The Ascendant — your trusted source for this week’s biggest #Crypto updates around the world! From market crashes to bold moves in digital securities, here’s what’s shaping the crypto landscape 👇
🇮🇳 India’s Harsh Crypto Tax Law Hits Traders with 70% Penalty
India imposes a severe 70% penalty on crypto traders, raising concerns over regulatory crackdowns in one of the world’s fastest-growing markets.
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📉 Ethereum Leads Crypto Crash with $2B Liquidations
The worst crypto crash in history hits hard, with Ethereum leading over $2 billion in forced liquidations. A brutal reminder of market volatility.
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🇹🇠Thailand Launches DLT Platform for Digital Securities
The Thai SEC plans a new blockchain-based platform for digital securities trading, signaling Asia’s growing role in crypto infrastructure.
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🇸🇬 Monochrome Registers Bitcoin & Ethereum ETFs in Singapore
Monochrome’s new Bitcoin and Ethereum ETFs mark a significant step in Singapore’s crypto market evolution, enhancing institutional access.
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🇯🇵 Japan’s Finance Minister Promises Crypto Tax Reforms by June 2025
Japan plans major changes to its crypto tax policy, offering hope for a more favorable environment for traders and investors.
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📊 Digital Asset Insights — By Lorenzo
- Leverage washouts: Over-leveraged traders are getting wiped out, cleansing the market.
- Ethereum lagging: The ETH Foundation faces pressure; big changes are coming.
- Altcoin bargains: Altcoins are at historic lows vs. Bitcoin—smart money is buying the dip.
- Memecoins losing steam: Solana-based memecoins are fading fast.
- Utility revival: AI, DePIN, and RWA narratives are gaining traction again.
- Long-term resilience: Current conditions are harsh for speculators but normal for hodlers.
- Mainstream creep: Digital assets are quietly entering public consciousness.
Overall Sentiment: While the market tests short-term traders, long-term holders and smart investors are positioning for the next wave.
