The daily RSI has been hovering around 20 since last Thursday, showing extreme oversold conditions.
BitcoinWorld Base App Shifts Strategy: The Surprising Removal of Its Farcaster Social Feed In a significant strategic pivot reported by The Block, the non-custodial wallet Base App has removed its Farcaster-based social feed, marking a decisive shift in its product roadmap. This move, confirmed in early 2025, refocuses the application’s core interface exclusively on tradable assets and direct on-chain activity. Consequently, the app will now present a streamlined, finance-first experience to its users. Additionally, the platform’s “Base Creator Rewards” program, designed to incentivize content creation within its ecosystem, is scheduled to conclude at the end of this month. This dual announcement signals a broader realignment within the competitive crypto wallet sector, where feature bloat and core utility are constantly re-evaluated. Base App Removes Farcaster Feed: A Strategic Unbundling The integration of social features into financial applications represents a major trend in Web3. Initially, the Base App’s Farcaster feed aimed to create a cohesive ecosystem where financial actions and social interactions could coexist. Farcaster, a sufficiently decentralized social protocol, allowed users to view posts, engage with communities, and discover projects directly within their wallet interface. However, this removal suggests a strategic reassessment. The decision likely stems from user data, performance metrics, and a desire to sharpen the product’s value proposition. By unbundling the social layer, Base App can now allocate more resources to enhancing its core financial functionalities, such as swap execution, portfolio management, and security features. This mirrors a wider industry conversation about the optimal scope of a crypto wallet’s responsibilities. The Evolving Landscape of Non-Custodial Wallets The crypto wallet market has become intensely competitive. Wallets now vie for user attention by offering an expanding suite of services beyond simple asset storage. These services range from built-in swapping and staking to NFT marketplaces and, as seen previously with Base App, social feeds. This feature expansion, however, carries inherent risks. It can lead to interface complexity, potential security surface increases, and performance bottlenecks. The Base App’s decision to retract its social feed indicates a potential counter-trend: a focus on specialization and excellence in core financial operations. Other leading non-custodial wallets, like MetaMask and Phantom, have taken varied approaches, with some integrating limited discovery features while others remain strictly transactional. The table below outlines the current feature focus of major wallets: Wallet Primary Focus Integrated Social/Discovery Base App (Post-Update) Tradable Assets & On-Chain Activity None MetaMask DeFi & Swaps Limited via Portfolio Dapp Phantom (Solana) NFTs & Solana Ecosystem NFT Discovery & Collectibles Rainbow User Experience & Design NFT Showcase & Social Profiles This strategic retreat from social integration may reflect specific user behavior analytics. For instance, data might have shown low engagement with the feed or indicated that users primarily opened the app for financial transactions, not social browsing. Furthermore, maintaining a seamless, real-time social feed requires significant backend resources and constant protocol updates, which can divert engineering efforts from critical security and financial infrastructure. Expert Analysis on Product-Market Fit Industry observers note that successful crypto products often undergo such pivots to achieve optimal product-market fit. “A wallet’s foremost duty is to secure assets and facilitate transactions reliably,” notes a fintech product strategist who prefers anonymity due to firm policy. “While social integration is an exciting frontier, it can introduce noise and complexity. Streamlining to core utilities is sometimes necessary for long-term adoption, particularly for users who prioritize clarity and speed.” This perspective underscores the challenge of balancing innovation with usability. The termination of the “Base Creator Rewards” program further supports this narrowing of scope. The program, which directly incentivized content creation for the platform’s social layer, loses its rationale without the feed, indicating a clean break from the social strategy. Implications for the Farcaster Protocol and On-Chain Social The removal does not inherently reflect on the Farcaster protocol’s viability. Instead, it highlights the distinction between a foundational protocol and consumer-facing applications built atop it. Farcaster continues to operate as a decentralized social graph, independent of any single application’s implementation. Other clients like Warpcast continue to thrive, demonstrating healthy protocol activity. The Base App’s decision is more commentary on wallet design than on decentralized social media’s potential. However, it does present a case study in distribution. Losing a distribution channel within a popular wallet is a setback for user acquisition within that specific interface, potentially slowing mainstream exposure for Farcaster among casual crypto users who discovered it through their wallet. Protocol vs. Client: Farcaster the protocol remains robust; this is a client-level product decision. User Journey Shift: Social discovery must now happen in dedicated apps, not within the financial workflow. Focus on Composability: The move reinforces the Web3 principle of composability—users can still use Base App for finance and a separate Farcaster client for social, combining them as needed. This development may encourage other projects to consider specialized, best-in-class single-purpose applications that users can compose together, rather than attempting to build monolithic, all-encompassing platforms. The network effect for social features is powerful, and building it within a tool not primarily designed for social interaction proved challenging. Conclusion The Base App ‘s removal of its Farcaster -based social feed represents a calculated strategic refinement. By focusing exclusively on tradable assets and on-chain activity, the wallet aims to deliver a sharper, more performant, and secure financial tool. This move, coupled with the sunset of its Creator Rewards program, signals a clear prioritization of core financial utility over auxiliary social features. While it narrows the immediate discovery path for on-chain social interactions, it reinforces the decentralized ethos of choice and composability. The evolution of the Base App serves as a pertinent example of the ongoing maturation in the crypto wallet sector, where defining and excelling in a core value proposition is paramount for sustainable growth and user trust. FAQs Q1: What exactly did the Base App remove? The Base App removed its integrated social feed that was powered by the Farcaster protocol. This feature previously allowed users to view and interact with decentralized social posts directly within the wallet interface. Q2: Can I still use Farcaster? Yes, absolutely. The Farcaster protocol is independent. You can use other dedicated applications like Warpcast to access the same social network. The Base App was just one of many possible clients for the protocol. Q3: Why would Base App make this change? The change is likely a strategic product decision to focus engineering and design resources on the app’s core financial features: asset management, trading, and security. It may also reflect user data showing primary engagement with transactional features over social ones. Q4: What happens to the Base Creator Rewards program? The Base Creator Rewards program is scheduled to end at the conclusion of this month. This program was designed to incentivize content for the social feed, so its closure aligns with the removal of the feed itself. Q5: Does this mean other wallets will remove social features? Not necessarily. Each wallet developer will assess its own user needs and strategy. The Base App’s decision reflects its specific product roadmap and may indicate a trend towards specialization, but other wallets may continue to experiment with integrated social or discovery features based on their user base. This post Base App Shifts Strategy: The Surprising Removal of Its Farcaster Social Feed first appeared on BitcoinWorld .
More on Canaan Canaan Inc. (CAN) Q3 2025 Earnings Call Transcript Canaan Inc. 2025 Q3 - Results - Earnings Call Presentation Canaan beats top-line and bottom-line estimates; initiates Q1 outlook Canaan Q4 2025 Earnings Preview Seeking Alpha’s Quant Rating on Canaan
Dogecoin continues to struggle under persistent selling pressure as technical indicators point toward extended weakness. The cryptocurrency trades within a clearly defined downtrend on the 4-hour chart, printing successive lower highs and lower lows. This pattern confirms that sellers maintain control over price direction. Each attempted recovery faces immediate resistance, preventing any meaningful reversal from taking hold. The digital asset remains trapped below all major exponential moving averages, a configuration that typically signals sustained bearish momentum. The 200-period EMA sits near $0.125 to $0.126 and acts as a formidable ceiling for price action . Until DOGE reclaims this critical threshold, the prevailing downtrend remains intact. Short-term bounces lack conviction and fail to overcome previous resistance zones, suggesting these moves represent temporary relief rather than genuine demand. Key Resistance Levels Block Recovery Path Immediate resistance begins between $0.118 and $0.120, marking a zone where price previously broke down. Trading below this range keeps bears in firm control of near-term direction. A sustained move above this area would represent the first step toward potential stabilization, but such a breakout has yet to materialize. The more significant barrier sits at the $0.125 EMA region. Breaking above this level would require substantial buying pressure and could shift the technical structure from bearish to neutral. Such a development might open the path toward $0.135 and potentially $0.140. However, current price action shows no indication that buyers possess the strength needed to overcome this resistance cluster. Support levels provide the only defensive layer preventing sharper declines. The $0.112 to $0.110 zone represents the nearest support area where buyers attempt to stabilize price. A breach of this floor would likely trigger accelerated selling toward $0.105. Beyond that, the psychological $0.100 to $0.098 range serves as the final major support before more substantial losses could unfold. Market Data Signals Weak Conviction Derivatives metrics add another layer of concern to the technical picture. Dogecoin open interest previously expanded during strong rallies, reflecting heavy speculative positioning and excessive leverage. These periods consistently ended with sharp contractions as liquidation cascades forced leveraged traders out of positions. Current open interest hovers near $1 billion, indicating subdued leverage activity across futures and options markets. Trader conviction appears notably weak compared to previous active periods. Historically, such compression phases often precede volatility spikes, though the direction of the subsequent move depends on whether fresh capital enters the market. Spot flow data reinforces the defensive sentiment surrounding DOGE. Net outflows dominate most trading sessions, pointing to ongoing distribution rather than accumulation. Large outflow spikes frequently align with price declines, confirming that holders continue to reduce exposure. Brief periods of inflows fail to reverse the broader trend, leaving sentiment tilted toward caution as February unfolds.
Quick Facts: Russian official Anatoly Aksakov predicts Bitcoin’s collapse due to lack of state backing, though market data contradicts this outlook. Bitcoin Hyper counters utility concerns by integrating the Solana Virtual Machine (SVM) to bring high-speed smart contracts to Bitcoin. Sophisticated investors have poured over $31.3M into the project’s presale, signaling a shift toward Layer 2 infrastructure. Whale wallets are actively accumulating, with recent on-chain activity showing seven-figure positioning in the protocol. Anatoly Aksakov, Chairman of the Russian State Duma Committee on Financial Market, is at it again. He has once again targeted the world’s leading cryptocurrency, asserting that Bitcoin is ‘destined to collapse.’ As a vocal fan of the Digital Ruble, Aksakov argues that without state backing, decentralized assets simply can’t survive the long haul. It’s a bold stance, especially given Russia’s mixed signals, legalizing industrial mining for tax revenue while strictly banning crypto for buying your morning coffee. Headline-grabbing doom predictions from central bankers are nothing new (sound familiar?), but the market isn’t flinching. Institutional flows into Bitcoin products remain strong, suggesting investors see this as protectionist noise rather than serious analysis. Yet, Aksakov accidentally hits on a real issue: utility. If Bitcoin wants to be more than just ‘digital gold’ and survive the pressures Aksakov describes, it has to evolve beyond simple storage. Traders aren’t fleeing; they’re building. We’re seeing a massive capital rotation into high-performance infrastructure layers. Why? Because the base layer is slow and expensive. Liquidity is aggressively hunting for speed and programmability. That’s where Bitcoin Hyper ($HYPER) enters the picture, a project aiming to bridge Bitcoin’s ironclad security with the execution speed modern finance actually demands. Learn more about $HYPER here. The First SVM-Powered Bitcoin Layer 2 Redefines Scalability The main knock against Bitcoin, that it’s too rigid for mass adoption, is being fixed. Bitcoin Hyper ($HYPER) addresses this not by altering the base layer, but by expanding it. By integrating the Solana Virtual Machine (SVM) directly as a Bitcoin Layer 2, the network allows for sub-second finality while keeping settlement anchored to Bitcoin’s proof-of-work. In plain English: it’s fast, but it’s still Bitcoin-secure. This opens up a massive design space for developers. Before now, building complex DeFi or gaming apps on Bitcoin was a nightmare due to Script limitations. With the SVM, Bitcoin Hyper lets devs write in Rust and deploy dApps with Solana-like speeds, thousands of transactions per second, without leaving the Bitcoin ecosystem. The liquidity implications are huge. A Decentralized Canonical Bridge lets holders actually use their $BTC in high-frequency trading or yield protocols instead of letting it gather dust. This utility effectively counters the ‘collapse’ narrative by turning Bitcoin from a passive rock into a programmable, active capital base. Get your $HYPER today. Smart Money Accumulates $31M as Whales Target Infrastructure While regulators argue over theory, on-chain data shows where the smart money is actually going. The demand for Layer 2 infrastructure isn’t hypothetical. According to the official presale page, Bitcoin Hyper has already raised $31.3M, signaling strong conviction from early-stage investors betting on the ‘fat protocol’ thesis applied to Bitcoin L2s. With tokens currently priced at $0.0136754, the project is attracting high-value participants hedging their Bitcoin bets. Smart money is moving. Etherscan data confirms the trend: two high-net-worth wallets recently scooped up $1M+ worth of tokens, with the largest single buy hitting $500K . This kind of accumulation often happens right before retail catches on, large holders positioning themselves before the wider market grasps the full implications of SVM on Bitcoin. It’s not just about price appreciation, either. The protocol offers immediate staking after the Token Generation Event (TGE). For yield-focused investors currently priced out of Ethereum’s mainnet (low APYs, high gas), this is a serious draw. By tackling the security-scalability-decentralization trilemma, this Layer 2 is shaping up to be a major liquidity sink for the next cycle. Buy $HYPER here. This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and high-risk. Always conduct your own due diligence before investing.
BitcoinWorld Eurozone Economy: The Alarming Reality of Fragmented Strategy and Weak Growth Model – Rabobank’s Critical 2025 Analysis AMSTERDAM, March 2025 – Rabobank’s latest comprehensive analysis reveals troubling structural weaknesses within the Eurozone’s economic framework, highlighting what the institution describes as a ‘fragmented strategy and weak growth model’ that continues to challenge the single currency’s stability and long-term viability. This assessment comes at a critical juncture for European policymakers facing simultaneous inflationary pressures, geopolitical uncertainties, and demographic shifts that demand coordinated, effective responses. Eurozone Economy Faces Structural Challenges Rabobank’s research team, led by senior economist Maarten Leen, published their findings this week after analyzing five years of economic data across all nineteen Eurozone member states. Their methodology incorporated multiple indicators including productivity growth, investment patterns, fiscal coordination, and monetary policy effectiveness. The report identifies several persistent issues that continue to undermine the Euro’s strength despite recent stabilization efforts by the European Central Bank. Furthermore, the analysis demonstrates how divergent national economic policies create what economists call ‘asymmetric shocks’ – economic disturbances that affect member states differently. For instance, energy price fluctuations impact Germany’s manufacturing sector differently than they affect Greece’s tourism industry. This divergence complicates the ECB’s single monetary policy, forcing officials to make compromises that rarely satisfy all member states simultaneously. The Core Findings: Fragmentation Evidence Rabobank’s report presents compelling evidence of strategic fragmentation across three primary dimensions. First, fiscal policies remain largely uncoordinated despite the establishment of the European Stability Mechanism. Second, banking union implementation has progressed unevenly across member states. Third, digital transformation and green transition investments show significant national disparities that could widen existing economic gaps. Eurozone Economic Indicators Comparison (2020-2024) Indicator Northern States Average Southern States Average Eurozone Average Productivity Growth 1.8% 0.6% 1.2% Public Debt to GDP 65% 135% 95% Digital Investment (%GDP) 2.1% 1.3% 1.7% Youth Unemployment 8.2% 24.7% 14.5% Weak Growth Model: Historical Context and Current Reality The Eurozone’s growth challenges have deep historical roots according to Rabobank’s analysis. Since the global financial crisis of 2008, the region has consistently underperformed compared to other major economies. Between 2010 and 2024, average annual GDP growth in the Eurozone reached just 1.4%, significantly below the United States’ 2.3% and China’s 6.7% during the same period. This persistent underperformance stems from multiple interconnected factors that have proven resistant to policy interventions. Specifically, Rabobank identifies four primary contributors to the weak growth model: Demographic pressures: Aging populations across most member states reduce workforce growth and increase pension burdens Innovation gap: Research and development investment consistently trails competitors in Asia and North America Regulatory complexity: Divergent national regulations create barriers to cross-border business expansion Capital market fragmentation: Incomplete banking and capital markets unions limit efficient capital allocation Expert Perspectives on Monetary Policy Limitations Monetary policy faces inherent limitations in addressing these structural issues according to financial experts interviewed for the report. Dr. Elena Schmidt, former ECB advisor and current professor at the European University Institute, explains that ‘central banks can provide liquidity and stability, but they cannot create productivity growth or solve demographic challenges.’ This reality places greater responsibility on fiscal authorities and structural reform initiatives that have historically progressed slowly within the European Union’s consensus-based decision-making framework. Moreover, the current inflation targeting regime, while successful in maintaining price stability over the medium term, may inadvertently discourage the risk-taking and investment necessary for stronger growth. Some economists argue for a broader policy mandate that considers employment and productivity metrics alongside traditional inflation targets. However, changing the ECB’s mandate would require treaty revisions that seem politically unlikely in the current environment. Comparative Analysis: Eurozone Versus Other Currency Areas Rabobank’s analysis includes revealing comparisons with other major currency areas that highlight the Eurozone’s unique challenges. Unlike the United States with its federal fiscal system or Japan with its homogeneous economic structure, the Eurozone combines monetary unity with fiscal fragmentation. This hybrid model creates coordination problems that other currency areas avoid through either greater centralization or maintained monetary independence. For example, when the United States faces regional economic disparities, federal tax and transfer systems automatically redistribute resources. The Eurozone lacks equivalent automatic stabilizers at the supranational level. Instead, adjustment mechanisms rely on politically contentious negotiations that often delay necessary responses. This structural difference explains why recovery from economic shocks typically takes longer in Europe than in federations with more integrated fiscal systems. The Digital and Green Transition Challenges Emerging challenges related to digital transformation and climate change mitigation further expose the Eurozone’s strategic weaknesses according to the report. While the European Union has established ambitious targets for both digital competitiveness and carbon neutrality, implementation remains uneven across member states. Investment in artificial intelligence, quantum computing, and other transformative technologies shows concerning concentration in just a few northern European countries. Similarly, green transition financing faces allocation challenges that could widen existing economic disparities. Southern European countries with higher debt levels and weaker banking systems struggle to access affordable capital for necessary infrastructure investments. Without coordinated European solutions, these disparities could create what economists term a ‘twin transition divide’ that undermines both economic convergence and the single market’s integrity. Policy Recommendations and Implementation Pathways Rabobank’s report concludes with specific policy recommendations organized by implementation timeframe. Short-term measures focus on completing the banking union and establishing a European deposit insurance scheme. Medium-term priorities include developing common fiscal capacity for macroeconomic stabilization and creating a European capital markets union. Long-term objectives involve treaty changes to enable more effective economic governance and crisis response mechanisms. However, the analysis acknowledges significant political obstacles to implementing these recommendations. National sovereignty concerns, differing economic philosophies among member states, and varying electoral cycles create complex coordination problems. Recent debates over the EU’s recovery fund and stability pact reforms demonstrate both the possibilities and limitations of European economic governance evolution. Market Implications and Investor Considerations Financial markets have responded cautiously to Rabobank’s findings according to trading data analyzed in the report’s final section. While the Euro has maintained relative stability against major currencies, yield spreads between German bunds and Italian government bonds have widened slightly since the report’s publication. This movement suggests increased investor awareness of the structural risks highlighted in the analysis. Additionally, equity markets show growing differentiation between companies with primarily Eurozone exposure versus those with more diversified global revenue streams. This trend could accelerate if investors begin pricing in higher risk premiums for assets tied to the Eurozone’s weaker growth prospects. Corporate investment decisions may increasingly favor jurisdictions with more predictable policy environments and stronger growth fundamentals. Conclusion Rabobank’s comprehensive analysis of the Eurozone economy reveals persistent challenges stemming from fragmented strategy and a weak growth model. While the single currency has survived multiple crises since its introduction, underlying structural issues continue to limit its potential and create vulnerabilities. Addressing these challenges requires coordinated action across monetary, fiscal, and structural policy domains – a difficult but necessary undertaking for European policymakers. The Eurozone’s future stability and prosperity depend on acknowledging these realities and implementing the reforms needed to create a more resilient economic architecture. FAQs Q1: What does Rabobank mean by ‘fragmented strategy’ in the Eurozone? Rabobank refers to the lack of coordinated economic policies across Eurozone member states, particularly in fiscal matters, banking regulation, and investment priorities. This fragmentation complicates the European Central Bank’s monetary policy and creates economic imbalances. Q2: How does the Eurozone’s growth model compare to other major economies? The Eurozone has consistently underperformed compared to the United States and major Asian economies since the 2008 financial crisis, with average annual GDP growth of just 1.4% between 2010 and 2024 versus 2.3% for the US. Q3: What are the main factors contributing to weak growth in the Eurozone? Primary factors include demographic aging, insufficient innovation investment, regulatory complexity that hinders cross-border business, and incomplete capital market integration that limits efficient resource allocation. Q4: How does monetary policy face limitations in addressing these structural issues? The European Central Bank can provide liquidity and maintain price stability, but it cannot directly solve productivity challenges, demographic trends, or implement structural reforms that require fiscal and legislative actions by member states. Q5: What policy solutions does Rabobank recommend for these challenges? Recommendations include completing the banking union, establishing European deposit insurance, developing common fiscal capacity for stabilization, creating a capital markets union, and considering treaty changes for more effective economic governance. This post Eurozone Economy: The Alarming Reality of Fragmented Strategy and Weak Growth Model – Rabobank’s Critical 2025 Analysis first appeared on BitcoinWorld .
Your day-ahead look for Feb. 10, 2026
Husky Inu AI (HINU) has completed the latest price increase of its pre-launch phase, rising from $0.00026431 to $0.00026532. The project’s pre-launch phase began on April 1, 2025, following the conclusion of the presale. Meanwhile, the cryptocurrency market fell back into the red as Bitcoin (BTC), Ethereum (ETH), and other tokens retreated. BTC’s position above $70,000 became precarious on Monday as it began losing momentum and slipped to a low of $68,446. ETH followed a similar trajectory, nearly slipping below the $2,000 mark before staging a marginal recovery. Husky Inu AI (HINU) Reaches $0.00026532 Husky Inu AI (HINU) has completed the latest price increase of its pre-launch phase, rising from $0.00026431 to $0.00026532. The project’s pre-launch phase began on April 1, allowing it to continue its fundraising efforts while empowering its growing community and existing token holders. It also helps the team to secure capital, fund platform improvements, undertake market initiatives, and support broader ecosystem expansion. Husky Inu AI’s official launch date is now under three months away. However, the team remains open to the possibility of an earlier or later launch, depending on market conditions. The team will conduct a series of review meetings to determine the project’s launch date. The first two review meetings were held on July 1, 2025, and October 1, 2025, while the third was held on January 1, 2026. Cryptocurrency Market Retreats The cryptocurrency market retreated over the past 24 hours, with Bitcoin (BTC), Ethereum (ETH), and other tokens falling into bearish territory. Bitcoin (BTC) traded above $70,000 on Monday but began losing momentum towards the end of the day, falling to a low of $68,446. It rebounded from this level to reclaim $70,000, moving to $70,981. However, it lost momentum again and fell to its current level of $69,071, down over 2%. Ethereum (ETH) followed a similar trajectory, nearly losing the $2,000 mark on Monday. However, it rebounded from a low of $2,013 to cross the $2,100 mark and reach an intraday high of $2,139. The altcoin lost momentum after reaching this level and dropped to its current level, trading around $2,003, down nearly 4%. Ripple (XRP) is marginally down at $1.42, while Solana (SOL) is down over 1% at $84. Dogecoin (DOGE) is down nearly 2%, and Cardano (ADA) is trading around $0.262, down 3%. Chainlink (LINK), Litecoin (LTC), Stellar (XLM), Hedera (HBAR), Toncoin (TON), and Polkadot (DOT) have also registered notable declines over the past 24 hours. Crypto Hype Fading: Chris Waller Federal Reserve Governor Chris Waller believes the hype around crypto that began with President Trump’s election victory is fading as it becomes increasingly entangled with traditional finance. Waller stated during a conference on Monday, “I think some of the euphoria that came into the crypto world with the current administration, some of that's kind of fading. A lot of it has been brought into mainstream finance. Then, you know, things have to happen there, so I think there was a lot of sell-off just because firms that got into it from mainstream finance had to adjust their risk positions.” Waller also stated that the failure to pass the crypto market structure bill had also put investors off, as uncertainty around crypto regulation persisted. Visit the following links for more information on Husky Inu: Website: Husky Inu Official Website Twitter: Husky Inu Twitter Telegram: Husky Inu Telegram Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Binance cofounder Yi He has shared her take on the recent study that revealed a deliberate FUD AI-driven campaign against Binance.
Indian lawmakers are renewing their calls to legalize cryptocurrencies and other virtual digital assets (VDA) in the country. They have warned that strict taxation without a regulatory framework is pushing capital, startups, and users offshore. Raghav Chadha, a member of the upper house of parliament, called out the Indian government. He stated that the authorities already treat VDA as legal for tax purposes, but continue to regulate them as if they were illegal. India holds 30% capital gain tax with 1% TDS on crypto, yet offers no legal recognition, no investor protection, and no dedicated AML (anti-money laundering) framework, he added. 73% of India’s crypto volume moves abroad During his speech in the Rajya Sabha, Chadha mentioned that the mismatch has created distortions rather than compliance. He cited that around 120 million Indians now trade through overseas platforms, while about ₹4.8 lakh crore in crypto trading activity has moved offshore. In a post , he highlighted that nearly 73% of India’s crypto trading volume has shifted to foreign exchanges. He added that around 180 Indian crypto startups have relocated abroad. However, Chadha has called for giving VDAs a clear asset-class status under Indian law . He suggested a domestic regulatory sandbox, along with strong anti-money laundering protection. This could bring activity back onshore. It will also improve investor protection and add an estimated ₹15,000–20,000 crore (approx $2 billion) in annual tax revenue. “Prohibition is not protection. Regulation is protection,” he stated. Chadha even urged making changes to income tax slabs, public health funding, and state capital expenditure. CoinDCX founder, Sumit Gupta, in a post stated that he 100% agrees with Raghav Chadha. He added that major economies have expressed intent to make their countries the crypto capital of the world. There is a big need for India to regulate VDAs and bring in friendlier policies. MP proposes National Blockchain Property Register The lawmaker also used the budget debate to shed light on the use of blockchain in public administration. He talked about land and property records and highlighted how India’s land registry system remains prone to disputes. This creates delays and encourages informal practices in the system. Chadha cited official data showing that land disputes account for about 66% of civil cases in India, while around 45% of properties lack a clear title. Meanwhile, nearly 48% are already under dispute. He added that India ranks 133 out of 190 countries in property registration efficiency. https://twitter.com/raghav_chadha/status/2021130865762500797?ref_src=twsrc%5Etfw He marked that even a simple property sale can take 2 to 6 months, and when disputes arise, civil courts take 7 years on average to resolve them. The MP claims that 6.2 crore property documents are still pending digitisation, and this adds to the administrative backlogs. Chadha proposed a National Blockchain Property Register that would be time-stamped, tamper-proof, and fully transparent. It will allow the officials to track ownership changes, inheritance, and mutations. He added that countries such as Sweden, Georgia, and the United Arab Emirates have already experimented with blockchain-based land registries. The move has reduced transaction times and dispute rates, he said. Beyond crypto and blockchain, Chadha also called for eliminating long-term capital gains tax on equities for individual investors. He said the recent increase in the securities transaction tax on derivatives could help curb excessive speculation, noting that nearly 90% of retail investors lose money in futures and options trading. Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.