Bitcoin surges 23% this week past $80K on strong ETF inflows. Big news for India: RBI-SEBI launches tokenised bonds pilot settled via Digital Rupee. Crypto momentum building! ๐ฎ๐ณ #BTC#IndiaCrypto
๐จ DeFi Alert: Term Finance lost $8.5M in a flash-loan governance exploit. A wake-up call for India's growing Web3 devs โ timelocks & voting checkpoints aren't optional. #DeFi#Crypto#Web3India
Kraken is bringing US stock trading to eligible EEA usersโblending crypto and equities in one platform.
For India, this model faces separate FIU-IND, SEBI and RBI/LRS frameworks, making a similar crypto โsuper-appโ more complex.
The exchange race is becoming a multi-asset race.
JUST IN: ๐ฎ๐ฑ Israel's largest bank is entering Bitcoin.
Bank Leumi will allow customers to buy, hold and sell Bitcoin directly through its banking app.
The service is expected to launch in early 2027. ๐
๐ฎ๐ณ Crypto update: Markets remain volatile. Indian investors should avoid panic buying, leverage, and hype. Remember: crypto profits are taxable in India. DYOR.
#Crypto#India
When the US gets regulatory clarity- exchanges, ETFs, and institutional desks will be legally protected.
Indian crypto exchanges are still operating under a tax structure designed to kill volume โ not regulate an industry.
One is building a framework.The other is building a wall.
$100M+ lost in a Coldcard wallet exploit โ no phishing needed, just a 2021 firmware flaw.
Same week: BNY Mellon & BlackRock are bringing staking + tokenized funds to Wall Street.
Security scares and institutional adoption, side by side. Crypto's growing up fast.
"US Senate draft may BAN officials from issuing crypto tokens. If America can enforce this, why can't India get clear crypto rules yet? ๐ฎ๐ณโ๏ธ"
Crypto in India is at a crossroads.
RBI wants stricter limits, tax officials want better tracking, and the future of regulation is still unresolved.
Big question: is India heading toward a ban or just tougher rules?
- Reuters
"๐จ Crypto Update: BTC rebounds above $61K on Fed signals. ETH +5%.
Ondo launches tokenized U.S. stocks/ETFs w/ voting. Securitize ($SECZ) now on NYSE.
Tokenization momentum grows.
#Bitcoin#RWA#Crypto"
Bitcoin has been declared dead 475 times by the media.
If you had invested just $100 every single time they wrote its obituary, your portfolio would be worth $61,792,873 today.
Turns out the biggest FUD was the biggest buy signal.
The headlines died. Bitcoin didn't. ๐ค
Itโs been a minute.
2015โ2018
- Exited FreeCharge. Spent time learning and investing.
- Pondered about: Why can't trust be rewarded? Started with $1M of personal capital.
- Launched CRED to reward people for paying credit card bills on time.
2019โ2025
- Built a system run by a team that values ownership, judgment, and craft.
- Grew from 0 to 17M members by aligning incentives with behaviour.
- Built several products during COVID lockdowns.
- Raised $900M+ from global investors. Did 4 ESOP buybacks.
- Made Indiranagar and IPL ads slightly more interesting.
- Received a full stack of regulatory licences.
- Lost 35 kilos.
- Scaled from 0 to ~$325M ( ~โน3,200 crore) in annual revenue across payments, lending, insurance, commerce, wealth, and credit cards.
2026
- First profitable quarter (yet occasionally asked what our business model is)
- Raised another $900M from Meta in primary and secondary capital.
- Announcing our 5th ESOP buyback.
Today
CRED is ready for its next phase. I am stepping back and @miten steps in as interim CEO, partnered with an incredibly talented team. He has been heading strategy and finance and suffering me since 2020. Iโm stepping away from the operating role and will continue as a shareholder. My commitment doesnโt change. Just the role.
Extremely grateful to our members, partners, regulators, and investors who made this possible. And to our board, Shailendra, Micky, Saurabh for their extraordinary conviction.
Team CRED, Iโll still expect you to be a 10x version of yourselves.
As for me, Iโll be joining Meta to lead WhatsApp globally.
Meta comes in as a minority investor in CRED. No access to member data.
While itโs come very far, the delta between WhatsApp today and its full potential is massive. I look forward to working with Mark, Chris, and the leadership across Meta for the next step in WhatsAppโs journey. Will, thank you for scaling something the world relies on quietly, and for making this transition smooth.
Onwards.