New Delhi: There was a massacre within the crypto market on Tuesday as high crypto tokens worn out as much as half of the traders’ wealth in only a few hours. Traders rushed to promote digital property as if there was no tomorrow.
The euphoria over cryptocurrencies led by wider adoption, rising institutional curiosity and consciousness of blockchain initiatives has fizzled out and is now being changed by concern of upper rates of interest, geopolitical turmoil and a looming recession.
Barring the dollar-pegged secure cash, all main crypto tokens and altcoins had been bleeding. Terra tanked over 49 per cent, wiping off half of the investor wealth, whereas Shiba Inu’s 17 per cent drop pulled it out from the top-15 crypto tokens.
Bitcoin slumped about 10 per cent to hit 10-month lows, whereas Ethereum dropped one other 8 per cent. Solana, Cardano, Avalanche, BNB plunged within the vary of 12-16 per cent every.
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The worldwide cryptocurrency market cap was buying and selling sharply decrease on the $1.42 trillion mark, falling about 8 per cent within the final 24 hours. Nevertheless, the entire cryptocurrency buying and selling quantity zoomed about 85 per cent to $181.90 billion.
What’s cooking in India
In what may additional dampen the temper of crypto traders within the nation, the products and companies tax (GST) council is mulling a 28 per cent tax on cryptocurrencies, at par with the present GST on casinos, betting and lottery, a number of media studies claimed.
The companies corresponding to crypto mining together with gross sales and purchases are more likely to entice the 28 per cent GST if the proposal goes via within the subsequent GST assembly, based on studies. The date of the subsequent GST assembly is but to be finalised.
Professional take
Bitcoin examined its help on the $30,000 stage yesterday, which is the bottom since July 2021. It broke its short-term uptrend and now’s seeing decrease help between $27,000 to $30,000, mentioned Edul Patel, CEO & Co-founder, Mudrex
Ethereum additionally hit a two-month low on Tuesday, he added. “Most cryptocurrencies have dipped considerably for the reason that previous week following a hike in rates of interest and geopolitical tensions on the opposite facet. The approaching days could be
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for the whole crypto spectrum.”
International updates
There was a shocking quantity of inflows to digital-asset funds, the primary time cash got here into the funds in 4 weeks. This got here regardless of a plunge in costs for bitcoin (BTC) and most different cryptocurrencies.
Cryptocurrency trade Coinbase International, Inc. (COIN) will proceed to face headwinds as the corporate is ready to report first-quarter earnings on Tuesday after the market shut.
Meta CEO Mark Zuckerberg mentioned in a video Monday that Instagram will start testing non-fungible token (NFT) integrations this week.
Luna Basis Guard (LFG) will lend $1.5 billion in bitcoin (BTC) and terraUSD (UST) to defend the peg of its algorithmic stablecoin to the US greenback.
Tech View by Giottus Crypto Change Ethereum, the second-largest crypto by market cap, has been falling together with the remainder of the market. From a latest excessive of almost $3,600, it now trades at barely above $2,200. Nevertheless, this 40% drop isn’t as unhealthy as it might look.
ETH has proven outstanding resilience given it has not misplaced worth versus BTC, with the ETH/BTC pair nearly buying and selling in a good vary since April. Whereas it rejected from a key resistance stage of 0.075, its value motion represents a bullish image for ETH, which is able to seemingly bounce sooner as soon as the market resumes a bullish sentiment.
ET CONTRIBUTORS
When it comes to greenback worth, whereas ETH has misplaced an necessary help stage close to the $2,400 stage and likewise a long-term help development line, it nonetheless has a key stage at $2,160 developing that ought to put the brakes on additional draw back.
Submit that, ETH might want to deal with $2,400 once more and the psychological stage of $2,500. This could align properly with BTC at $33,300 – which is a comparatively modest goal for a reduction rally for the largest cryptocurrency, ought to it arrive.
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Main ranges: Help: $2,200, $2,160
Resistance: $2,380, $2,500
(Views and proposals given on this part are the analysts’ personal and don’t signify these of ETMarkets.com. Please seek the advice of your monetary adviser earlier than taking any place within the asset/s talked about.)
A groundbreaking transatlantic initiative is fueling institutional blockchain adoption, spotlighting stablecoins, tokenized assets, regulatory alignment, and cross-border finance, with Ripple positioned to shape global standards and accelerate digital growth.
GRANT, Minn. (FOX 9) – A Washington County family was reportedly kidnapped and held hostage at gunpoint for hours by two Texas brothers who ultimately took more than $72,000 in cryptocurrency.
Raymond Christian Garcia, 23, and Isiah Angelo Garcia, 24, were each charged via warrant with three counts of kidnapping, three counts of first-degree burglary, and one count of first-degree aggravated robbery for their alleged roles.
The incident led to the Washington County Sheriff’s Office issued a shelter in place order while they searched for the suspects. The incident ultimately led to the cancellation of a high school homecoming football game in Mahtomedi.
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Home invasion and cryptocurrency theft
The backstory:
According to the criminal complaint, a 911 call was received at approximately 4:45 p.m. on Sept. 19 from someone in Grant, Minnesota, stating that he and his family had been kidnapped and were being held hostage at gunpoint in their home.
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The complaint details that on Sept. 19, a man was taking out the garbage at around 7:45 a.m. when the armed brothers allegedly forced him back into the garage and bound his hands with zip ties. The men then woke up the two other people in the house, also binding them.
Raymond Garcia is accused of holding the 911 caller and his mother hostage for nine hours while armed with an AR-15-style rifle. Police said the upstairs bedroom door was tied shut with wire and needed to be cut in order to free them, according to the complaint.
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Meanwhile, Isiah Garcia, armed with a shotgun, allegedly forced the man to log into his cryptocurrency wallet and transfer over $36,000 to an unknown account, charges state. After learning of a separate crypto wallet kept at the family cabin in Jacobson, Minnesota, Isiah Garcia allegedly forced the man to drive three hours and transfer the additional cryptocurrency, valued at over $36,000.
According to the complaint, the victim believed some of his crypto account information had been leaked during a data breach. The charges note that the men were frequently on the phone with an “unknown third party who directed [them] to transfer the cryptocurrency.”
The victim inside the house called 911, and multiple squad cars passed Isiah Garcia as they were driving back from the cabin. Isiah Garcia then turned the truck around, parked, and fled on foot before discarding the shotgun in a nearby field, charges allege.
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Raymond Garcia was seen on camera running out the back door of the home. During a search of the area, authorities recovered an AR-15 rifle in a suitcase located in the tree line behind the home, charges said.
Brothers arrested in Texas
The investigation:
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According to the complaint, Isiah Garcia rented a car near Houston, Texas, on Sept. 16 and drove to Minnesota. The vehicle’s GPS data placed the car near the victim’s home and a motel in Roseville. On Sept. 21, Isiah Garcia was taken into custody while driving the same rental car in Texas.
Raymond Garcia went to authorities on Sept. 22 to report that his AR-15 had been stolen in Waller, Texas. During a search of the brother’s home in the Waller area, authorities reportedly found a firearm box with a serial number matching the AR-15 recovered in Minnesota.
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At the time the criminal complaints were filed, both men were in custody in Texas.
The Source: This story uses previous FOX 9 reporting and information from a Washington County criminal complaint.
By William Janes ( September 23, 2025, 2:12 PM BST) — Five people have been arrested on suspicion of carrying out a €100 million ($118 million) cryptocurrency fraud in a joint international operation by law enforcement agencies across Europe, a European Union law authority said Tuesday….
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