Indian – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sun, 31 Aug 2025 01:31:08 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.8 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Indian – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Today’s Crypto News, August 30th – Polygon Crypto Top Indian Exchange List: Slaughtering Pigs Crypto Crime Wreck Millions https://earlybirdsinvest.com/todays-crypto-news-august-30th-polygon-crypto-top-indian-exchange-list-slaughtering-pigs-crypto-crime-wreck-millions/ https://earlybirdsinvest.com/todays-crypto-news-august-30th-polygon-crypto-top-indian-exchange-list-slaughtering-pigs-crypto-crime-wreck-millions/#respond Sun, 31 Aug 2025 01:31:08 +0000 https://earlybirdsinvest.com/todays-crypto-news-august-30th-polygon-crypto-top-indian-exchange-list-slaughtering-pigs-crypto-crime-wreck-millions/

Polygon is starting the week with fresh energy as India’s leading crypto exchange Giottos offers quick tokens in INR and USDT trading pairs. The list is opening the door for even more users in the Indian market, knowing how big the Indian crypto scene is. Pol, a Polygon Crypto Token, is testing a support level of $0.38 as the market drops.

Hams around polygons are probably also due to recent government boosts. The US Department of Commerce posted GDP data on the blockchain, which was a major move.

Polygons start the week with fresh energy. Meanwhile, pig-beating scams take advantage of the anonymity of code.

(Indian Crypto Market, Sources – Politician))

Meanwhile, the Philippines has notarized public funds through Bayani Chain, the polygon platform. One of the Senators, Bam Aquino, is promoting the tracking of national budgets using Polygon, citing the need to prevent tampering as his reason.

These data show the cryptographic strength of the polygon, especially in regulated finance.

Polygons start the week with fresh energy. Meanwhile, pig-beating scams take advantage of the anonymity of code.

(Polusd, source – TradingView))

Polygon Catalysts and Global Crypto-Emotions

Today, polygon saw a 10% profit per month, and bumps were $0.25. The Jump is powered by Courtyard NFT, the number one sales figures for 24-hour sales, and has a volume of 826 million Polcrypt tokens. Bull thinks that if the $0.58 resistance level violates a potential 53% gathering would be $0.90, but that’s far from the all-time high of Polygonal Matic. Polygon’s cryptographic poll was Matic before it was rebranded as Pol.

Grayscale is another catalyst as the company decided to add polygons to its spot ETFs.

However, the Crypto market has declined significantly this week, with its total market capitalization falling from $4 trillion to $3.77 trillion after a liquidation of $900 million.

BTC logoBTC ▲0.23% It’s been below $110,000 for the first time since July, but ETH logoETH ▼-0.46% After reaching an ATH of nearly $5,000, it remained stable at around $4,300, a big dip to watch. Particularly the altcoin Sun logoSol ▼-2.62% And I was able to rebound with SOL over $200 and rebound with nearly $45 hype.

24 hours7d30D1Yeverytime

The Chronos has since been cooled down, but saw a big spike from the multi-year highs. Trump’s DJT was certainly a catalyst.

Discovered: Top Solanamime Coins to Buy in 2025

Slaughter of Pigs: The Dark Side of the Code

On the dark side of things, pig slaughter fraud wreaked havoc this week, with APAC area authorities frozen $47 million in USDT related to the fraudulent scheme. Victims have lost millions through fake romance scams and stupid crypto investments. One of the victims was a Virginia woman who ultimately lost $1.3 million.

Polygons start the week with fresh energy. Meanwhile, pig-beating scams take advantage of the anonymity of code.

(Crypto fraud revenue, sources – Chain Analysis))

The U.S. Department of Justice seized $225 million from the Stablecoin Investment Fraud scheme, which is part of the $5.8 billion loss projected in 2024. Scammers continue their playbooks by giving small refunds and continue to build trust before they disappear. In addition to these scams, ransomware and “wrench” attacks are also on the rise. Last year, it contributed to illegal market volumes ranging from $45 billion to $51 billion.

Crypto crime could have been immersed in a small portion of the total deal. It was recorded at around 0.14% to 0.4% of $10.6 trillion in crypto trading volume. However, as the market grows, absolute numbers still rise.

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Pump.fun $62 million buyback

Akiyama Felix

by Akiyama Felix

Pump.fun, Solana Memecoin Launchpad, brought the Memecoin season to Solana on his own, with a $62.6 million pump buyback. Does it send higher and reverse the drop chart?

Indian courts hammers life sentence in Bitcoin terror case

Akiyama Felix

by Akiyama Felix

Big news from India. 14 defendants in the 752BTC aidation and fear tor case were handed to life sentences. This is the largest crypto crime conviction ever in India, especially with former lawmakers and 11 police officers involved.

Cryptocurrency updates: US CFTC, European mica, Japanese support, and what it means for memokine

Akiyama Felix

by Akiyama Felix

Crypto is seeing some regulatory changes that are launching new opportunities. In the US, the CFTC dropped massive recommendations, paving the way for international exchange to legally serve Americans. This could be the end of an era where the focus was solely on enforcement, a more balanced approach to cryptography.

Europe has its MICA framework and is gaining bullish momentum thanks to Japan’s recent support of crypto. These changes are made at perfect timing as Crypto funds surged to $1.8 billion in August alone.

Crypto is seeing some regulatory changes that are launching new opportunities. The Memecoin sector could be the winner.

(CTFC FBOT, source – CTFC))

There are still challenges that come from Korea, but we have stopped lending activities. As reported in the news, crypto regulations are beginning to bring more stability to the space. Today we see fewer barriers and smoother access to cryptography.

In the US, CFTC’s FBOT program could potentially bring platforms like Binance back. This could potentially regain more liquidity than estimated at 15-20% over the next two years. In other news, NASDAQ surveillance technology is currently monitoring crypto derivatives as part of its regulations.

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Discovery: Next 1000x Ciphers: 10+ Ciphers tokens that could hit 1000X in 2025

The complete story here.

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Akiyama Felix

Crypto Journalist

Felix Akiyama is a true veteran who comes from the 2018 code class. The former visual effects artist turned his attention to Esmaxy, who loves OnChain Degen and Vitalic. Felix is ​​worth noting that he is one of the few people in the VFX world… Read more

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Indian Crypto ExchangeCoindCX rejects user funds moving after Wazirx claim https://earlybirdsinvest.com/indian-crypto-exchangecoindcx-rejects-user-funds-moving-after-wazirx-claim/ https://earlybirdsinvest.com/indian-crypto-exchangecoindcx-rejects-user-funds-moving-after-wazirx-claim/#respond Sun, 13 Jul 2025 00:03:43 +0000 https://earlybirdsinvest.com/indian-crypto-exchangecoindcx-rejects-user-funds-moving-after-wazirx-claim/

“Don’t fall into misinformation,” said Sumit Gupta, co-founder and CEO of Indian crypto exchange CoindCX, on Saturday amid allegations that the exchange had transferred funds to non-compliant entities in Lithuania.

The allegations were reportedly made by another Indian exchange Wazirx, which has been scrutinized since last year’s $230 million hack.

In an affidavit filed as part of the Singapore High Court lawsuit (Hearing will be scheduled for July 15th, 2025)Wazirx reportedly claimed that CoindCX holds user funds in a Lithuania-based entity not registered with the Indian Financial Information Unit. (fiu) Until February 2025.

Gupta denied these allegations in a message to Coindesk, highlighting that his India-based users INR and Crypto funds are always held by Neblio Technologies, a registered FIU India entity that is fully compliant with all Indian laws.

“For the record: CoindCX had no entities in Lithuania until February 2025. We were only involved with third-party entities to explore potential global expansion. (Neblio Technologies) In Lithuania, no user funds were moved or held to Lithuania-based entities,” Gupta said.

He added that Exchange updated its terms of service on February 7th this year to make Neblio Technologies an official contract party, with changes made to enhance transparency and user trust.

“We have done this proactively to ensure that CoindCX users never face the challenges they see in the Wazirx episode. This approach protects the user’s interests and hopes that other Indian exchanges will adopt the same standards,” Gupta said, “We are always committed to user safety, transparency and compliance with regulations.”

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WazirX's Restructuring Plan Declined by Singapore Court, Hacked Indian Exchange Says https://earlybirdsinvest.com/wazirxs-restructuring-plan-declined-by-singapore-court-hacked-indian-exchange-says/ https://earlybirdsinvest.com/wazirxs-restructuring-plan-declined-by-singapore-court-hacked-indian-exchange-says/#respond Thu, 05 Jun 2025 07:38:19 +0000 https://earlybirdsinvest.com/wazirxs-restructuring-plan-declined-by-singapore-court-hacked-indian-exchange-says/

Embattled Indian crypto exchange WazirX’s restructuring plan has hit a major snag, with the Singapore High Court declining to approve the crypto exchange’s proposed scheme to repay creditors.

The decision effectively delays any payouts that were expected to begin as early as April 2025. “The Honourable Singapore High Court issued an order declining to approve our proposed restructuring plan,” WazirX said in an email to creditors.

“While this outcome was not what we anticipated, we respect the Court’s decision and remain fully committed to complying with all legal and regulatory processes. Our primary focus remains to begin distributions as soon as possible,” it claimed.

The court initially approved WazirX’s plan in January after the exchange sought protection from liquidation in the wake of a devastating $230 million hack by North Korea’s Lazarus Group.

The scheme would have allowed creditors to vote on whether to accept the plan, with payouts promised within 10 business days of activation.

That plan also included launching a decentralized exchange (DEX), issuing recovery tokens, and implementing periodic buybacks to support liquidity.

But with the court’s latest decision, the timeline for creditor repayment has again been thrown into uncertainty. If the restructuring ultimately fails, WazirX could face liquidation under section 301 of the Singapore Companies Act, which might result in fire-sale prices for remaining assets and lower compensation for creditors, as previously reported.

WazirX has faced overwhelming criticism for its slow communication and limited success in asset recovery, and severely limiting the ability for users to interact with its social media accounts.

The exchange once dominated crypto trading in India, but many are now left wondering if they will ever see their money again.

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