1/3
Viral claim: "84% tax on all cash at home in India"
Reality: NO!
It's a massive penalty ONLY when Income Tax finds huge unexplained cash & you can't prove source. Normal people = ZERO worry.
#TaxMyth
๐จ FIU-IND Action Against 15 Crypto/VDA Platforms
Indiaโs Financial Intelligence Unit (FIU-IND) has issued notices to 15 Virtual Digital Asset Service Providers .
๐ Posted by PIB Delhi โ 9 Sept 2026
#Crypto#Bitcoin#India#PMLA#VDA#CryptoNews
๐ฎ๐ณ India has done it.
Vikram-1, India's first privately developed orbital rocket, has successfully reached orbit marking a historic milestone for the nation's private space industry. ๐
A proud moment for every Indian. ๐ฎ๐ณ๐ซก
#Vikram1#India#Skyroot#ISRO#SpaceTech#NewIndia
๐จ BREAKING: Iran claims it launched missiles and drones targeting U.S. military sites in Bahrain and Kuwait after fresh U.S. strikes.
Markets are now watching: ๐ข๏ธ Oil ๐ฅ Gold ๐ Global Stocks โฟ Bitcoin
Any further escalation around the Strait of Hormuz ..
WHY IS EVERYTHING CRASHING?
This week, every asset class has been going down only.
Over $5 trillion has been wiped out across precious metals, stocks, and crypto this week.
Reasons:
1) Hawkish Fed
The odds of a Fed rate hike are going up.
DXY is getting strong.
This is a sign that markets expect more tightening, not easing.
So, there's less liquidity for the markets, and that's why everything is dumping.
2) End of business cycle
Historically, a dump in oil prices marks the end of the business cycle.
What follows after that is a crash in most assets.
Don't believe me?
Go and check what happened in 2007 when oil crashed violently.
3) Too much euphoria
There's extreme euphoria in the stock market, while valuation is at its highest level in decades.
A company that is losing money is worth $2 Trillion.
This is exactly how the 2000 bubble popped, and the same might be happening now.
There are a few other reasons too.
- A possible Yen Intervention coming.
- Insiders cashing out heavily
- Markets reacting to the real economy rather than just HOPIUM.
And this is all I warned you of last week.
If you listened to me, congrats.
If you didn't, don't make the same mistake again.
๐จ INDIA'S CRYPTO TAX CRACKDOWN IS INTENSIFYING
โณ 44,000+ crypto tax notices sent
โณ $104M+ undisclosed crypto income detected
โณ Advanced blockchain tracking is being used
โณ Exchanges are reporting user activity
Have you received a tax notice related to your crypto txn ??
The moment the US government restricted access to frontier AI.
Not because of what it is.
Because of what it could become.
The message to the world is simple:
Whoever controls the most powerful AI may control the next century.
๐บ๐ธ PRESIDENT TRUMP SAID THE US WILL BE THE "WORLD CAPITAL OF CRYPTO.'' Crypto since Trump took office:
$BTC
: -44%
$ETH
: -49%
$XRP
: -68%
$SOL
: -77%
$DOGE
: -79%
$AVAX
: -82%
$ADA
: -85%
$SUI
: -86% $ENA: -92%
$APT
: -93%
$TRUMP
: -97.7%
$MELANIA
: -99.5%
9/ Short-term:
Bearish for Bitcoin and altcoins due to higher yields and a stronger dollar.
Long-term:
The broader crypto cycle remains tied to liquidity, adoption, and macro trends.
5/ Why does this matter for Bitcoin?
When investors can earn attractive risk-free returns from US bonds, some capital moves away from speculative assets like crypto.
๐จ Why Did Bitcoin Dump After the US Jobs Report?*
1/ ๐บ๐ธ The May 2026 US Jobs Report came in MUCH stronger than expected.
Expected: ~85,000 jobs
Actual: 172,000+ jobs
This signals the US economy remains resilient.
๐
3/ Because of this, traders now believe the Federal Reserve may keep interest rates higher for longer.
Some investors even started discussing the possibility of future rate hikes.
2/ A strong labor market is normally good news.
But for financial markets, it creates a new problem:
If the economy stays strong, inflation could remain elevated.