🐋 ALERT: Smart whales opened a total of $426M in ETH longs, signaling bullish bets as $ETH eyes a potential breakout toward ~$4K. https://t.co/2uHNM9ZfpH ...

$BTC at $92k, are we back yet? https://t.co/9d7sotKSuI ...

Core Insights - India is opening its market to global crypto exchanges, with Coinbase re-entering after Binance's successful relaunch, indicating a shift in regulatory stance towards crypto [1][7]. Company Developments - Coinbase initially launched in India in April 2022 but had to suspend operations shortly after due to regulatory pressure, halting services by September 2023 [2][3]. - After registering with India's Financial Intelligence Unit (FIU), Coinbase has resumed onboarding new users in October 2023, marking its first significant activity in the market since 2023 [3][7]. - Kraken is planning its return to India after previously shutting down operations, actively seeking regulatory approvals [5][6]. Market Opportunities - The Indian crypto market is seen as a $15 billion opportunity, driven by a large, digitally-savvy young population, and has ranked first in crypto adoption according to Chainalysis for three consecutive years [9]. - Other exchanges like Bybit and Bitget are also eyeing the Indian market, with Bybit having restored access after a penalty and Bitget expecting to receive FIU approval by 2026 [5][8]. Future Expectations - Coinbase's trading is currently limited to crypto pairs, with local currency support anticipated to launch in 2026 [4].

🚨JUST IN: UAE DECLARES $BTC A CORE COMPONENT OF ITS LONG-TERM FINANCIAL STRATEGY ...

£69,051.66 ...

🚨 🚨 🚨 🚨 🚨 1,262 #BTC (116,206,856 USD) transferred from unknown wallet to unknown wallethttps://t.co/g9aEOnk6q7 ...

📌 @COINBASE PLANS A RETURN OF FIAT ACCESS FOR INDIA IN 2026!Rupee deposits and direct crypto buying are set to make a comeback. Full details 👇https://t.co/akdvsseJiK ...

imagine if you took the energy spent on writing cynical crypto obituaries on actually building the solutionsbut I get it, easier to be a karen than a bob ...

Core Insights - Coinbase has resumed user onboarding in India after a two-year hiatus, indicating a renewed commitment to the Indian market despite previous regulatory challenges [1][2][3] - The company aims to introduce a fiat on-ramp by 2026, allowing users to purchase cryptocurrency directly with local currency [4] - Coinbase has made strategic investments in the Indian crypto ecosystem, including a partnership with CoinDCX and a memorandum of understanding with Karnataka's state government [6] Company Actions - Coinbase initially launched in India in April 2022 but faced regulatory issues that led to the suspension of services by September 2023 [2][3] - The company has been actively engaging with Indian regulators to align with local compliance requirements since early 2023 [3] - Coinbase's APAC director emphasized the importance of starting fresh in the Indian market after off-boarding existing customers [5] Market Context - Other global exchanges, such as Bybit and Binance, have also returned to the Indian market after meeting local regulatory requirements and paying fines [7] - The Indian market continues to show rapid growth in digital asset adoption, despite heavy taxes and regulatory friction [1]

Core Viewpoint - Gate, a cryptocurrency exchange, is considering reapplying for a virtual asset trading platform license in Hong Kong, but faces challenges due to high compliance costs and a competitive market [1][2][6]. Group 1: Company Overview - Gate was founded in mainland China in 2013 and is currently the world's third-largest cryptocurrency exchange by 24-hour trading volume, following Binance and Bybit [5]. - The company previously withdrew from the Hong Kong market after a one-year grace period for licensing applications [6]. Group 2: Regulatory Environment - The Hong Kong regulatory framework for digital assets has imposed high compliance costs, making it difficult for companies to operate profitably in the region [2][7]. - Gate is monitoring the performance of other licensed platforms in Hong Kong to assess the feasibility of reactivating its licensing efforts [2][4]. Group 3: Market Challenges - The competitive nature of the Hong Kong market, combined with high licensing costs and limited product offerings, presents significant challenges for Gate [7]. - Users in Hong Kong have many options from overseas platforms, making it difficult for Gate to attract local customers [7].