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Indian users of Bybit will now pay GST (Goods and Services Tax) on a range of cryptocurrency transactions. Bybit’s announcement complies with India’s crypto tax rules as the international exchange seeks to deepen its ties in the country. Bybit Imposed 18% GST Burden On Users According to an official announcement, cryptocurrency exchange Bybit says Indian
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The US has lifted sanctions against crypto mixer Tornado Cash but the procedure has drawn widespread criticisms. Coinbase Chief Legal Officer (CLO) Paul Grewal has taken swipes at the US Treasury for its “botched” attempt at waiving the need for a final judgment.
In a strongly worded post on X, Coinbase CLO Paul Grewal railed against the US Treasury’s handling of Tornado Cash’s delisting from the sanctions list. According to Grewal’s disclosure, the US Treasury filed a pleading to moot the need for a final judgment on the matter.
In legal terms, a party to dispute can apply to moot a final judgment, arguing that the issue at hand is no longer significant or actionable. Following Tornado Cash’s removal from the Specially Designated Nationals and Blocked Persons (SDN) list, the US Treasury’s latest filing seeks to waive a final judgment on the case. Tornado Cash users have been in court, challenging the US Treasury’s decision to place the mixer on the SDN list.
However, Grewal argues that the filing runs contrary to established legal processes in the US. He notes a proper filing follows only if the defendant can show that the “practice cannot reasonably be expected to recur.”
The Coinbase CLO cited several legal precedents involving law enforcement agencies removing sanctions and not moving a case. He argues that without a final court judgment, law enforcement can review their decision to impose fresh sanctions at a future date.
“Treasury has likewise removed the Tornado Cash entities from SDN, but has provided no assurance that it will not re-list Tornado Cash again,” said Grewal.
The road toward the lifting of Tornado Cash’s sanctions was long and winding. A raft of Tornado Cash users headed to court to protest the placing of the mixer on the SDN list. US authorities say the mixer played a principal role in laundering nearly $500 million worth of stolen digital assets by North-Korean backed Lazarus Group.
After notching a series of small wins in Court, Grewal criticized the US Treasury for failing to comply with a court ruling clarifying the status of Tornado Cash’s smart contract. The court ruled that the smart contract did not form property under the IEEPA as it is non-erasable.
Tornado Cash has received support from Coinbase with the Ethereum Foundation supporting the legal defense of lead developer Alexey Pertsev.
The post Coinbase CLO Criticizes The US Treasury Over Tornado Cash SDN Delisting Procedure appeared first on CoinGape.
The post Ethereum (ETH) Price Analysis: Is $2,850 the Next Pitstop? appeared first on Coinpedia Fintech News
While the crypto market today has been ranging sideways, Ethereum has made decent moves both on its price chart and with news around its fundamentals. The altcoin’s on-chain health is displaying remarkable strength. Reportedly, the exchange balances have been dropping constantly and have now hit their 7-year low.
That’s not all, ETH-based ETFs have outrun the global crypto market’s ETFs with $321 million worth of inflows. In this analysis, we give you an overview of Ethereum holding $219 billion worth of capital and where the ETH price could head next in the short term.
According to Messari, Ethereum continues to dominate the blockchain landscape, securing $219 billion in total capital, the highest of any network. This capital spans stablecoins, applications, and tokenized assets, reinforcing the altcoin’s position as the foundational layer of Web3. The chart highlights how it dwarfs all other chains in economic weight, with more than double the secured capital of TRON and vastly more than Solana, Avalanche, and others.
Ethereum is currently trading at $2,601.69, up 4.44% in the last 24 hours. Its market cap has surged to $314.25 billion with a sharp increase in trading volume to $20.02 billion, a +51.83% rise highlighting renewed market activity. The 24-hour price range saw a low of $2,477.29 and a high of $2,649.85, reflecting growing bullish momentum.
The next key resistance lies between $2,750–$2,850. A decisive move above this range could open doors for a test of $3,000 in the near term. On the downside, ETH finds solid support between $2,260–$2,100, a zone where previous consolidations occurred. Given the current strength in both fundamentals and technicals, Ethereum appears poised for further upside, barring major macro headwinds.
Read our Ethereum (ETH) Price Prediction 2025, 2026-2030 for long term price targets!
The price of 1 ETH at the time of publication is $2,601.69 with a change of +4.44% since yesterday.
The $321M in ETF inflows signifies growing institutional demand and mainstream adoption of Ethereum as a long-term asset.
Investors are increasingly staking ETH in cold storage or staking, indicating long-term confidence and reduced sell pressure.
The post Ethereum (ETH) Price Analysis: Is $2,850 the Next Pitstop? appeared first on Coinpedia Fintech News
While the crypto market today has been ranging sideways, Ethereum has made decent moves both on its price chart and with news around its fundamentals. The altcoin’s on-chain health is displaying remarkable strength. Reportedly, the exchange balances have been dropping constantly and have now hit their 7-year low. That’s not all, ETH-based ETFs have outrun …
Gate.io Staking officially launched the BTC staking product, with a base APR of 2%. This product provides investors with a secure and stable way to grow their digital assets. By staking BTC, users can earn corresponding returns, which will be distributed in the form of GTBTC. The exchange ratio between GTBTC and BTC is 1 to 1. The amount of return is directly related to the amount of BTC staked by the user.
At the same time, Gate.io Staking has launched a special 90-day Web3 wallet incentive campaign. During the event, users who complete designated Web3 wallet tasks will receive an additional 1% reward the next day. The event runs from April 22 to July 20.
Users can click “Bonus” on the BTC staking page to view specific task information, or click the “Go to Web3 Tasks” button on the staking complete page to join the campaign and enjoy up to 3% APR easily.
Gate.io Staking is committed to providing users with safe and reliable mining products. Through rigorous protocol reviews and professional risk assessments, the platform conducts in-depth audits of each PoS project. Every staking project is carefully selected. This rigorous selection mechanism provides a solid guarantee for the safety of user assets, allowing users to participate with peace of mind.
The BTC staking product on Gate.io Staking features a flexible staking and redemption mechanism. Users can adjust their asset allocation at any time according to their own needs, without worrying about long-term lock-up of funds. The flexible operation mechanism gives users greater autonomy, enabling them to better respond to market changes and achieve optimal asset allocation.
To further protect user asset security, Gate.io Staking adopts a 100% Proof of Reserve mechanism, ensuring that each user’s funds are fully backed by sufficient reserves, effectively reducing investment risks. Meanwhile, the platform automatically distributes returns on a daily basis, allowing users to track asset growth in real time and ensuring clear and transparent earnings.
Gate.io Staking’s new BTC staking product is now officially live, and the Web3 wallet incentive campaign is also underway. Users only need to update their app to version 6.60.0 to access the BTC product and start staking. After completing the Web3 wallet tasks, users can enjoy additional rewards.
With advantages such as professional project selection, a flexible staking and redemption mechanism, and a 100% proof of reserve mechanism, Gate.io Staking provides users with a secure, efficient, and transparent digital asset financial service. Gate.io looks forward to the participation of users worldwide to jointly seize this new opportunity for digital asset growth.
Disclaimer: This content does not constitute an offer, solicitation, or recommendation. You should always seek independent professional advice before making investment decisions. Gate.io may restrict or prohibit certain services in specific jurisdictions. For more details, please read the User Agreement.
The post Gate.io Staking: BTC Staking Product Newly Launched, Complete Web3 Wallet Tasks to Gain Bonus Returns appeared first on BeInCrypto.