SHOAIB SHAIKH

[Sumit Gupta (CoinDCX) @smtgpt]

At @CoinDCX, my team and I have spent years working through crypto regulation in India and we track global developments too very closely.

One development we have been watching is Europe's MiCA experiment: the Markets in Crypto-Assets regulation, the EU's attempt at one law for the whole industry.

It pulled off something genuinely hard: one rulebook across 27 countries, one licence to operate everywhere. Everyone calls it the model to emulate.

But we've come to believe the rulebook was the easy part. What Europe is running into now is the harder question: not what the rules say, but who actually enforces them.

Sharing some thoughts below. 🧵

[Nithin Kamath @Nithin0dha]

Crypto is thriving because of the lack of regulatory clarity. In the last couple of years, a lot of F&O traders have migrated to crypto because of the low margins and ridiculous leverage they get in crypto F&O—leverage as high as 100x to 200x.

From @moneycontrolcom article (link in comments).

[Kashif Raza @simplykashif]

FAKE NEWS...

FINANCE MINISTRY HAS NOT ASKED FOR CRYPTO REGULATIONS FROM SEBI AND RBI.

NO PRESENT NEWS.

[Kashif Raza @simplykashif]

Many Crypto Influencers advised people to engage in futures trading with 1x leverage to avoid taxes.

As a result, 80% of India's crypto trading volume shifted to futures.

They aimed to save 30% in taxes, but instead, they lost 100% of their capital.

[Crypto India @CryptooIndia]

BREAKING: 🇮🇳 Over 80% of India's crypto trading volume is now in futures, per Moneycontrol.

• Reason: 1% TDS on spot trading (not futures).

• 70–80% of crypto derivatives traders are losing money.

• Retail investors account for ~70% of crypto futures trading.

[Whale Insider @WhaleInsider]

JUST IN: 🇮🇳 India's Finance Ministry has asked the RBI and SEBI to regulate crypto - Money Control.

[Cointelegraph @Cointelegraph]

🔥 LATEST: The Linux Foundation has launched the x402 Foundation to develop open payment standards for AI agents, APIs and applications.

Its 40 members include AWS, Google, Visa, Mastercard, Stripe, Coinbase, Ripple and Circle.

[Kashif Raza @simplykashif]

BREAKING: 🇮🇳80% OF INDIA'S CRYPTO TRADING VOLUME MOVED TO FUTURES.

Around 70% of futures activity comes from retail investors.

One big reason is the 1% TDS on spot trades, while crypto futures currently avoid this tax.

- Moneycontrol

[Crypto India @CryptooIndia]

🇮🇳 Zerodha's Nikhil Kamath sat down with Coinbase CEO Brian Armstrong to discuss crypto in India.

This should be interesting!

[Crypto Rover @cryptorover]

Bitcoin NEVER drops below the electrical cost.

Current electrical cost: $49,000.

[Crypto Rover @cryptorover]

🚨 MICHAEL SAYLOR:

"I told you to not sell your Bitcoin, I never said we won't sell."

[Words @wordstionary]

💯

[Kashif Raza @simplykashif]

NVIDIA CEO Jensen Huang - Imagine if the world suddenly needed 1,000x more cars or 2000x more airplanes in just 2 years.

That's similar to how fast AI computing demand is growing.

[Kashif Raza @simplykashif]

In Bihar, you just need an annual income of 13 lakh to be in the 1%.

For Uttar Pradesh -> 15 lakh.

[Tesla Owners Silicon Valley @teslaownersSV]

Engineering is magic

[Crypto India @CryptooIndia]

JUST IN: 🇮🇳 India's 3rd Semiconductor facility begins commercial production.

Location: CG Semi, Sanand (OSAT)

[CryptoWala @cryptowalax]

INDIA COLLECTS APROX ₹706 CRORE IN CRYPTO TAX

Now RBI told Parliament that crypto shouldn't be LEGAL!

Does this make sense?

On July 2, the RBI faced the Parliamentary Standing Committee on Finance for the first time on VDAs.

Its message: don't legalize, they threaten the economy.

But the government's own rulebook says:

↳ Finance Act 2022: crypto = defined VDA
↳ Section 115BBH: 30% tax on gains
↳ 1% TDS on every single trade
↳ FIU-IND handles registration and AML

CBDT even sent notices to 44,000+ taxpayers for undisclosed crypto income.

YOU DON'T AUDIT AN ILLEGAL ASSET...

Lets check Previous Statements:

- RBI banned crypto in 2018.
-Supreme Court reversed it in 2020. -Now only Parliament holds the power.
-39.3M verified users. Chainalysis No. 1 for 3 years.

Whan do you think, Ban or Regulation?

[SHOAIB SHAIKH @SSHOAIBK586]

@MrBeast Total number of pennies
1000000
#Promotion

[Wimar.X @DefiWimar]

🚨 THIS IS NOT NORMAL

I've watched multiple full market cycles, but I've NEVER seen this kinda setup

More than $10 billion in longs sitting below the market.

If Bitcoin drops to $40,000, EVERYTHING gets wiped out.

And once those liquidations begin, the selling can feed itself.

→ Longs get liquidated.
→ Price dumps harder.
→ More longs get liquidated.

That is how a real cascade starts.

The same influencers who said, “The Bitcoin market cycle bottom is already in,” will get completely rekt.

But here is the part nobody wants to hear:

That will be the exact moment to buy.

Not now.

Not after another fake bounce.

Exactly when the market feels the most painful, brutal and completely hopeless.

Look at every previous Bitcoin cycle:

2018 → Bottom
2022 → Bottom
2026 → The same setup is forming again

Once that liquidity gets wiped out, the market cycle bottom will no longer be a question.

This is how real bottoms form.

Follow and turn notifications on.

I’ll post the exact moment I start loading spot.

[Teddy - PolyBackTest.com @Bitcoin_Teddy]

Due to low energy costs in Iran, you can mine 1 Bitcoin for just $1,320 and sell it for $59,000.