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Bitcoin Surges Past $115,500 Amid Growing Investor Optimism Ahead of Fed Policy Announcement

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Bitcoin’s remarkable rally showed no signs of slowing on Monday, as the world’s largest cryptocurrency surged past $115,500 (approximately Rs. 1.01 crore). The renewed momentum comes amid growing optimism in global financial markets, driven by easing geopolitical tensions and mounting expectations that the US Federal Reserve could soon announce an interest rate cut. The improved macroeconomic outlook, coupled with softer inflation data, has prompted a wave of fresh buying across the digital asset space. According to CoinMarketCap, Bitcoin climbed 3.5 percent in the past 24 hours, while Ethereum (ETH) jumped 7.1 percent, reaching around $4,200 (roughly Rs. 3.7 lakh).

The upbeat sentiment has also rippled through the broader crypto market, with altcoins continuing their bullish momentum. Binance Coin (BNB) traded near $1,151 (around Rs. 1.01 lakh), while XRP remained steady at $2.65 (roughly Rs. 233). Solana (SOL) extended its impressive gains, climbing to $204.53 (about Rs. 18,010), and Dogecoin (DOGE) rose more than 6 percent to $0.21 (roughly Rs. 18.48). The synchronized rally across major tokens highlights a return of investor confidence after months of uncertainty and cautious trading.

Market analysts suggest that the recent upswing could mark a shift toward a more sustained bullish phase for cryptocurrencies, especially if the Federal Reserve confirms a dovish stance in its upcoming policy decision. The easing of US-China trade tensions and stable macro indicators have created a favorable environment for risk assets, including Bitcoin. Experts also point to increasing institutional activity, as traditional investors seek digital exposure amid declining yields in conventional markets.

According to market trackers, the global cryptocurrency market capitalization rose 3.82 percent in the last 24 hours, reaching $3.91 trillion (roughly Rs. 3,43,00,00,000 crore). The Crypto Fear and Greed Index also climbed to 42, moving out of the “fear” zone and signaling a more balanced investor outlook. While short-term volatility remains likely, many analysts believe Bitcoin could continue testing new highs if macroeconomic conditions remain supportive and liquidity in the market stays strong.

Coinbase invests in India’s CoinDCX at $2.45 billion valuation

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Coinbase Global announced on Wednesday that it has made a new investment in CoinDCX, valuing the Indian cryptocurrency exchange at $2.45 billion post-money. The move strengthens Coinbase’s presence in the South Asian crypto market, where India remains a growing hub for blockchain and digital assets.

The investment marks another step in Coinbase’s long-term partnership with CoinDCX, following multiple funding rounds led by its venture arm, Coinbase Ventures. In April 2022, Coinbase Ventures joined a $135 million fundraising round that valued CoinDCX at $2.15 billion.

As of July 2025, CoinDCX reported annualized group revenue of $141 million and $1.2 billion in assets under custody, signaling strong growth despite ongoing regulatory uncertainty in India’s crypto sector.

“We believe India and its neighbors will help shape the future of the global on-chain economy,” said Shan Aggarwal, Coinbase’s chief business officer. He added that the deal remains subject to regulatory approvals and closing conditions.

Coinbase’s latest investment underscores a renewed wave of interest from global exchanges seeking exposure to India’s growing crypto and blockchain ecosystem, even as the country tightens oversight and explores the framework for a digital rupee.

‘Bitcoin Jesus’ Roger Ver settles U.S. tax evasion charges in $49.9 million deal

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Roger Ver, the early cryptocurrency investor known as “Bitcoin Jesus,” has reached a $49.9 million settlement with the U.S. Department of Justice (DOJ) to resolve allegations of mail fraud and tax evasion, according to a court filing on Tuesday.

Ver entered a deferred prosecution agreement in federal court in Los Angeles that will allow him to avoid prison time if he complies with the deal’s conditions. The arrangement, which comes under the Trump administration, provides that the indictment will be dismissed after one month, provided Ver abides by the agreement. The settlement covers his tax liability, civil penalties, and interest owed to the Internal Revenue Service (IRS).

The case accused Ver, 46, of evading at least $48 million in taxes following his 2014 decision to renounce U.S. citizenship after becoming a citizen of St. Kitts and Nevis. He was arrested in Spain in April 2024 and later extradited to the U.S. The DOJ alleged that Ver concealed ownership of significant bitcoin holdings and failed to pay exit taxes required under federal law.

Ver was represented by Christopher Kise, a lawyer who has also represented Donald Trump, while the DOJ’s lead official on the case, Ketan Bhirud, previously represented Ivanka Trump in private litigation.

In a statement, Ver said he was “grateful this case has been dismissed” and thanked the administration for its “leadership and professionalism.” A vocal libertarian and former Bitcoin.com CEO, Ver became one of the earliest advocates of cryptocurrency adoption, earning his moniker for his evangelical promotion of bitcoin in its early years.