Author: Monicah W

Polymarket, a leading blockchain-based prediction platform, is reportedly in talks to raise $200 million in new funding, which could value the company at over $1 billion, according to The Information. The deal, if completed, would mark a major milestone for crypto-native markets in 2025. Polymarket Seeks Unicorn Status with Fresh Funding According to The Information,

The post Polymarket Eyes $1B Valuation with New $200M Crypto Fundraise appeared first on CoinGape.

The post Income Tax Department Takes Strict Action Against Undisclosed Crypto Income appeared first on Coinpedia Fintech News

The Income Tax Department of India has launched a major crackdown on individuals who failed to report their cryptocurrency income. Thousands have received notices, and this time, the department is armed with actual data and transaction records through its NUDGE framework (Non-Intrusive Usage of Data to Guide and Enable).

If you’ve traded, held, mined, or received crypto in any form, here’s how to stay compliant and avoid penalties.

Why Are Crypto Users Receiving Tax Notices?

In the past, the tax department sent bulk emails urging people to update their income tax returns (ITR). Now, thanks to advanced data analytics and blockchain tracing, the government is targeting those who have not reported crypto income, despite TDS being deducted under Section 194S of the Income Tax Act.

According to Ravi Sawana, Partner at Lakshmikumaran & Sridharan:

“Transactions in cryptocurrencies on which TDS has been deducted under Section 194S have not been declared in the ITR for FY 2023-24. Hence, taxpayers are being asked to update their filings.”

Search and Seizures Conducted for Crypto Tax Evasion

Some individuals have already experienced search and seizure operations. In several cases, hardware wallets were confiscated.

Priyanka Jain, Partner at Vsih & Associates, explained:

• The department invoked Section 131 of the Income Tax Act to search premises.
• Officials requested full disclosure of wallet holdings, mining data, foreign trading, and all transactions.
• Despite cooperation, a follow-up notice was issued due to the department’s suspicion of underreporting.

• Also Read :
•   Crypto Regulations in India 2025
•   ,

How to Report Cryptocurrency Income in Your ITR: Step-by-Step Guide

Final Checklist: How to Avoid Crypto Tax Trouble in India

Step	Action
1	Use the correct ITR form (ITR-2 or ITR-3)
2	Declare all crypto income and activity
3	Apply 30% tax under Section 115BBH
4	Verify TDS in Form 26AS
5	Maintain complete transaction records
6	File the return before the due date

The post Income Tax Department Takes Strict Action Against Undisclosed Crypto Income appeared first on Coinpedia Fintech News
The Income Tax Department of India has launched a major crackdown on individuals who failed to report their cryptocurrency income. Thousands have received notices, and this time, the department is armed with actual data and transaction records through its NUDGE framework (Non-Intrusive Usage of Data to Guide and Enable). If you’ve traded, held, mined, or …

The post Can This Cheap Crypto Token Hit $1 Before Cardano (ADA)? $11.1M Raised Quickly Has Holders Excited appeared first on Coinpedia Fintech News

Mutuum Finance (MUTM) is igniting fervor in the crypto market, surging through Phase 5 of its presale with a token price of $0.03. The project has amassed a staggering $11,100,000 since the presale began, with over 565 million tokens sold and 12,400 holders joining the ranks. 

This altcoin’s robust infrastructure and innovative lending model are turning heads, outpacing speculative interest in Cardano (ADA), which lingers at $0.60 with uncertain momentum. 

Mutuum Finance (MUTM) offers a clear edge with its dual lending system and a projected 100% return at its $0.06 launch. Investors are buzzing with anticipation for its potential to hit $1. Consequently, attention shifts to its unique offerings.

Mutuum Finance Presale Gains Traction

Mutuum Finance (MUTM) is charging through Phase 5, already 45% filled, signaling a narrowing window to grab tokens at $0.03. This price, a 200% jump from the first phase’s $0.01, promises a guaranteed 100% return at the $0.06 launch price. 

Phase 6 looms with a 16.7% price hike to $0.035, urging swift action. The project’s $11,100,000 raise and 12,400 holders reflect soaring demand in the crypto market. 

Moreover, a recent Certik audit, scoring 80.00 for security, confirms no vulnerabilities in Mutuum Finance’s smart contracts, bolstering trust. Active monitoring and steady social engagement further solidify its reliability. Attention now turns to its innovative framework.

Dual Lending Model Sparks Interest

Mutuum Finance (MUTM) is redefining DeFi with its dual lending system, blending Peer-to-Contract and Peer-to-Peer models. The Peer-to-Contract setup uses smart contracts for dynamic interest rates, ensuring stability for lenders and borrowers. 

Conversely, the Peer-to-Peer model enables direct, customizable transactions, ideal for volatile crypto prices. This flexibility sets Mutuum Finance (MUTM) apart from Cardano (ADA), which, despite 4.49 million holders, lacks comparable lending utility. 

The project’s native stablecoin, pegged to USD on Ethereum, minimizes depegging risks, enhancing user confidence. Furthermore, Mutuum Finance (MUTM) is rolling out a leaderboard rewarding the top 50 holders with bonus tokens, driving engagement.

Giveaway and Future Growth Potential

Mutuum Finance (MUTM) is amplifying enthusiasm with a $100,000 giveaway, splitting $10,000 in tokens among 10 winners. Eligible investors need a $50 presale investment and must submit a wallet address while completing all quest steps. This initiative underscores the project’s community focus. 

Analysts project Mutuum Finance (MUTM) could soar to $2.50 in 2025, a 7,233% surge from its current $0.03 price, dwarfing Cardano’s (ADA) modest $0.68–$0.70 targets. The project’s Layer 2 scaling plans promise lower gas fees and faster transactions, boosting scalability. 

Additionally, mtTokens enable users to earn interest and stake for passive dividends, enhancing utility. This positions Mutuum Finance (MUTM) for explosive growth.

Cardano’s Struggles in Comparison

Cardano (ADA) is showing signs of bullish momentum, with trading volume spiking 69% to $738 million and a double-bottom pattern near $0.58. Yet, its price remains stuck at $0.60, with a potential breakout to $0.64–$0.66 uncertain. 

While Cardano (ADA) boasts 4.49 million holders, its lack of immediate utility in lending or stablecoin integration pales against Mutuum Finance (MUTM). The altcoin’s on-chain growth is notable, but its tight trading range suggests hesitation. 

In contrast, Mutuum Finance (MUTM) offers tangible DeFi solutions and a clear growth path. Consequently, investors are gravitating toward this altcoin’s promise.

Why Mutuum Finance Stands Out

Mutuum Finance (MUTM) is carving a niche in the crypto market with its audited, secure infrastructure and innovative features. 

The altcoin’s presale success, raising $11,100,000, reflects strong investor confidence. Its dual lending model, stablecoin plans, and Layer 2 scalability outshine Cardano’s (ADA) slower progress. 

The $100,000 giveaway and top 50 holder rewards add allure, making it a standout crypto investment. With a projected $2.50 price in 2025, Mutuum Finance (MUTM) offers unmatched potential. 

Investors seeking the next big altcoin are eyeing this project closely. 

For more information about Mutuum Finance (MUTM) visit the links below:

• Website: https://mutuum.com/ 
• Linktree: https://linktr.ee/mutuumfinance 

The post Can This Cheap Crypto Token Hit $1 Before Cardano (ADA)? $11.1M Raised Quickly Has Holders Excited appeared first on Coinpedia Fintech News
Mutuum Finance (MUTM) is igniting fervor in the crypto market, surging through Phase 5 of its presale with a token price of $0.03. The project has amassed a staggering $11,100,000 since the presale began, with over 565 million tokens sold and 12,400 holders joining the ranks.  This altcoin’s robust infrastructure and innovative lending model are …

The post Polymarket Nears $200M Funding Round, Valuation to Hit $1B appeared first on Coinpedia Fintech News

Decentralized prediction platform Polymarket is reportedly on the verge of closing a $200 million funding round, a move that would catapult the company’s valuation past the $1 billion mark, according to a report from The Information. The fresh capital injection is expected to power Polymarket’s ongoing expansion efforts and regulatory alignment strategies, especially in light of its growing influence in global prediction markets.

Polymarket Funding Rounds

Polymarket made headlines earlier in 2024 with two major funding rounds in May, totaling $70 million. The $25 million Series A round was led by General Catalyst and included high-profile investors such as Airbnb co-founder Joe Gebbia and crypto investment giant Polychain. The subsequent $45 million Series B was spearheaded by Founders Fund, with Ethereum co-founder Vitalik Buterin also backing the platform.

These funding rounds followed Polymarket’s initial seed round in October 2020, which raised $4 million and laid the groundwork for its rapid growth.

Round	Date	Amount	Lead Investors
Seed	Oct 2020	$4M	Polychain, others
Series A	May 2024	$25M	General Catalyst, Gebbia
Series B	May 2024	$45M	Founders Fund, Vitalik Buterin
Pending	June 2025	$200M+	Founders Fund (expected)

Surge in Popularity During 2024 U.S. Elections

Polymarket gained massive traction during the 2024 U.S. presidential election cycle, with more than $3.3 billion wagered on key political outcomes. The platform’s prediction markets—ranging from candidate withdrawals to vice presidential picks—drew intense attention and were even cited in mainstream media reports.

Notably, Polymarket’s odds often diverged from traditional polling, raising discussions about the platform’s influence and the potential role of high-stakes bettors. This discrepancy sparked wider debates about the predictive power of decentralized markets versus conventional methodologies.

Regulatory Focus and U.S. Market Ambitions

In a strategic regulatory move, Polymarket appointed former CFTC Chairman J. Christopher Giancarlo to lead its advisory board in May 2022. This signaled a clear pivot toward compliance and long-term ambitions of operating more openly within U.S. jurisdictions.

However, due to regulatory limitations, the platform has continued to operate offshore for U.S.-specific prediction markets, particularly around elections. Polymarket previously settled with the CFTC and has remained under watchful eyes as discussions on prediction markets and gambling laws evolve in the U.S.

What’s Next for Polymarket?

With a $200 million round on the horizon and major backers in tow, Polymarket is positioning itself not only as a leader in blockchain-based prediction markets but also as a potential regulatory pioneer. If the deal closes as expected, Polymarket will join the elite group of crypto unicorns, cementing its role in shaping the future of decentralized forecasting.

The post Polymarket Nears $200M Funding Round, Valuation to Hit $1B appeared first on Coinpedia Fintech News
Decentralized prediction platform Polymarket is reportedly on the verge of closing a $200 million funding round, a move that would catapult the company’s valuation past the $1 billion mark, according to a report from The Information. The fresh capital injection is expected to power Polymarket’s ongoing expansion efforts and regulatory alignment strategies, especially in light …

The post Can Shiba Inu (SHIB) Price Hit $0.00003 Level! appeared first on Coinpedia Fintech News

The Shiba Inu community has been watching SHIB’s price move up and down recently, mainly due to global tensions like the Iran-Israel conflict. But even with all the uncertainty, SHIB has jumped 9%, sparking a big question among holders: Can SHIB really hit $0.00003?

According to crypto analyst Jonathan Carter, this target is not unrealistic, especially considering the growing market interest and increasing token burn rates.

What’s Driving Optimism?

One major reason for the growing hope is the bullish sentiment in the altcoin market. With Bitcoin recovering and now holding steady above $105K, many altcoins, including SHIB, have gained almost 10%. 

SHIB’s strong community also plays a big part in keeping the momentum alive.

Another strong factor is Shiba Inu’s impressive token burn activity. In the last 24 hours alone, SHIB’s burn rate surged by 582%, removing over 16.7 million tokens from circulation. This shrinking supply could lead to more upward pressure on price.

Technical Pattern Hints 3X Gain for Shib

Reaching the $0.00003 mark won’t happen overnight. According to analyst Jonathan Carter, Shiba Inu needs to follow a few key steps to hit that target.

As of now, SHIB is trading around $0.00001170, showing a 9% increase in the last 24 hours. On the daily chart, Carter notes that SHIB is forming a descending channel pattern. After falling from the upper resistance line, the price is now testing a key midline support zone. 

#SHIB

Shiba Inu is forming a descending channel pattern on the daily timeframe

The price has declined from the upper border and is now retesting the midline support zone

A sustained bounce from this zone could drive the price toward targets at $0.00001250, $0.00001500,… pic.twitter.com/Zwtpqlm26V

— Jonathan Carter (@JohncyCrypto) June 23, 2025

If SHIB manages to hold and bounce from this zone, Carter suggests it could climb to $0.00001250 first — and from there, a strong momentum push might carry it past $0.00003.

This would be nearly a 3x move from current levels, which is why many see this as a major bullish setup, especially with SHIB continuing to hold key technical zones.

Whale Activity Signals Confidence

Backing this technical optimism is some massive on-chain activity. Data from IntoTheBlock shows that large Shiba Inu holders, wallets owning between 10 trillion and 100 trillion SHIB, went on a major buying spree.

These whales purchased an eye-popping 10.4 trillion SHIB tokens in a single day, worth about $114 million. That makes it the biggest daily accumulation SHIB has seen in the last five months, and the second-largest for all of 2025 so far.

What’s Next for SHIB?

If momentum builds and retail investors follow the whales, SHIB could enter a new bullish phase. A confirmed breakout from the descending channel might be the green light needed for that push toward $0.00003.

The post Can Shiba Inu (SHIB) Price Hit $0.00003 Level! appeared first on Coinpedia Fintech News
The Shiba Inu community has been watching SHIB’s price move up and down recently, mainly due to global tensions like the Iran-Israel conflict. But even with all the uncertainty, SHIB has jumped 9%, sparking a big question among holders: Can SHIB really hit $0.00003? According to crypto analyst Jonathan Carter, this target is not unrealistic, …

The post Bitcoin Price Holds Strong at $105K: Short Squeeze Ahead?  appeared first on Coinpedia Fintech News

Bitcoin’s price held $105k in support on Tuesday, with reduced geopolitical tensions in the Middle East. It happened because Trump’s announcement of a ceasefire between Israel and Iran reawakened investors’ morale.

Even institutional interest in Bitcoin remains strong, with BTC ETFs recording $350.43 million in net inflows on Monday. In addition, exchange reserves this week fell from $2.491 million to $2.485 million, pointing to declining selling pressure in the short term, per cryptoquant.

Moreover, bullish interest seems to be high as the “taker buy to sell ratio” on the Bybit exchange has displayed significant spikes, and several expert bullish posts are flooded on social platforms where targets are aimed as high as $130K to $135K in Q3 2025. Keep reading to know more.

Bybit Exchange Reveals Investors Eyeing Opportunities in Bitcoin Dip

A recent analysis from Cryptoquant reveals that when market interest wanes in BTC, all data appears stagnant, making things easier to evaluate. In this scenario, a sudden footprint of smart money is easily tracked.

The activity starts revealing sudden spikes in the data of Bitcoin’s taker buy-to-sell ratio chart on the Bybit exchange, which were nearly stagnant before. 

This highlights a significant pattern when overall market attention is drawn to a negative factor, and involvement becomes low due to rising fear. The whale accumulation has been seen to accelerate. 

In many cases, smart money-loading bags have preceded with the upward trends.

The same pattern is repeating now, and spikes in the data amid the recent war uncertainty are evident. It highlights that the odds of a price rise are much higher.

Analyst Suggest Short Squeeze Incoming In Bitcoin Price

Recently, Daan Crypto highlighted that from May to June, the Bitcoin price was in a severe range between the month’s swing low support at $100K and near ATH around $109K. 

The recent breach of swing low support during the heightened conflict, followed by a recovery from range lows, has built a big liquidity grab, which has hit many traders’ “stop-loss” orders. Now, experts believe the de-escalation could pump more gains ahead in the short term.

Aligning with the bullish sentiment, another expert has revealed that the Binance BTC/USDT liquidation heatmap on coin glass suggests that the current price is exchanging hands in the middle of two major liquidity leverage clusters. 

Still, the topside liquidity cluster is piling up strongly per the 24-hour chart. He suggests that a short-term short-squeeze is coming, and the bull run is not over yet.

Liquidity is piling up on the topside.

Short squeeze incoming! pic.twitter.com/eJthRpHdHt

— Mister Crypto (@misterrcrypto) June 24, 2025

Moreover, in the long term, another expert, Ted Pillows, highlights that the recent war-led dip has changed nothing for BTC’s long-term trajectory. Instead, this dip has ensured that room for more upside is clear; he believes that $130K to $135K BTC price in Q3 is possible.

The post Bitcoin Price Holds Strong at $105K: Short Squeeze Ahead?  appeared first on Coinpedia Fintech News
Bitcoin’s price held $105k in support on Tuesday, with reduced geopolitical tensions in the Middle East. It happened because Trump’s announcement of a ceasefire between Israel and Iran reawakened investors’ morale. Even institutional interest in Bitcoin remains strong, with BTC ETFs recording $350.43 million in net inflows on Monday. In addition, exchange reserves this week …