Hello India, ride the crypto currents with Hanoomaan!

In a watershed moment for crypto, the U.S. Senate just passed the GENIUS Act, a game-changing bill set to regulate stablecoins under a clear federal framework. Backed by a strong 68-30 bipartisan vote, it mandates stablecoin issuers to hold 1:1 dollar or Treasury reserves, submit to regular audits, and comply with anti-money laundering rules.

Startup Menu

• Crypto World

• Market Movers

• Crypto Frontier

• Crypto Special

CRYPTO WORLD

💥Bitcoin’s $102K level: The psychological floor or the next trapdoor?

Bitcoin’s price action is once again testing investor nerve. Analysts are closely watching the $102,000 level, a vital threshold that could either serve as a bounce-back point or signal a deeper plunge.

Recent market jitters, driven by escalating geopolitical risks and macroeconomic uncertainty, have put BTC under pressure. Despite a short-lived rally back to $106K, many analysts are cautioning against premature optimism.

According to Cointelegraph, the $102K zone is now being viewed as a “make or break” support level. A confirmed breach could open the door to sharper corrections, while a strong defense might trigger a renewed uptrend.

But this isn’t just technical analysis, it’s a reflection of shifting investor psychology. As leverage resets and whales reposition, the broader crypto market is recalibrating.

What should smart investors do?

✅ Watch for confirmation signals before diving in.
✅ Monitor global headlines, crypto no longer trades in a vacuum.
✅ Stay nimble. In volatile markets, the most valuable asset is not a coin, it’s your strategy.

MARKET MOVERS

🌌Skywatch: Shiba Inu is testing two critical support zones at $0.00001167 and $0.00001061, with Dogecoin's “mini golden cross” signal now cancelled, hinting at a stall in its short-term rally.

📈Rebound: Litecoin is firmly in oversold territory, stochastic oscillators signal a bottom near the $81-83 range, offering a potential setup for consolidation or a bounce. However, moving averages and indicator consensus lean sell, suggesting that a rebound may hinge on cracking above $88 and ideally clearing resistance near $97.

⏸️Pause: Ripple and the SEC have jointly paused their appeals in the XRP lawsuit, requesting the court hold off until Judge Torres rules on a major district court motion likely before mid‑August. Meanwhile, Canada just launched its first spot XRP ETF, delivering a boost of regulatory clarity and fresh investor corridors.

CRYPTO FRONTIER

⚠️Slide: Ethereum has slid 7.5% this week, falling below key support at $2,479 due to weakening trend strength and rising bearish pressure, momentum indicators now flashing caution signs for traders.

🌐Reinvent: Ethereum startup Fileverse just unveiled dSheets, an open-source, privacy-first Google Sheets rival built on Ethereum that blends blockchain tech with everyday productivity tools.

💼Sell‑off: Coinbase insiders have liquidated over $5 million worth of stock in the past three months with CFO Alesia Haas alone selling  $4.5M raising eyebrows about executive sentiment and timing ahead of key regulatory decisions.

🏦Shift: BBVA is now advising wealthy clients to allocate 3-7% of their portfolios to crypto, mainly Bitcoin and Ether marking a notable shift from cautious banking norms and signaling greater institutional embrace.

CRYPTO SPECIAL

Thailand’s 5-year Crypto tax holiday: A timed bet on digital innovation

Thailand has just stepped onto the global crypto stage with a bold move: a five-year exemption on capital gains tax for digital assets. While countries around the world tighten regulatory grips, Thailand is opening its doors, strategically and temporarily.

Effective from January 1, 2024, until December 31, 2028, investors trading on government-approved exchanges will enjoy tax-free capital gains. The catch? It’s only for transactions verified by licensed platforms, and the exemption doesn’t apply to mining or digital asset payments.

Why this matters?

▪️ This positions Thailand as a regional hub for crypto activity especially at a time when global uncertainty is causing regulatory whiplash.

▪️ It could attract short-to-mid-term inflows from investors and digital nomads seeking favorable tax environments.

▪️ But the five-year window also signals caution, this is a test-bed, not a long-term policy (yet).

Will other Southeast Asian economies follow? Or does Thailand's timed incentive strike the perfect balance between innovation and oversight?

Your Opinion Matters!

Got more feedback or just want to get in touch? Reply to this email and we’ll get back to you.

Thanks for reading.

Until tomorrow!

Hanoomaan Crypto Markets team

Content, news, research, tools, and securities symbols are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular security or to engage in any particular investment strategy.