Indian Supreme Court Pushes for Swift Crypto Regulations Amid Bitcoin Market Uncertainty

The Indian Supreme Court has called upon the government to accelerate the establishment of a regulatory framework for cryptocurrencies, highlighting concerns over potential misuse and market instability. Justices Surya Kant and NK Singh emphasized that while an outright ban could harm the economy, immediate regulatory measures are essential. Bitcoin (BTC) and other digital assets continue to be taxable in India, even as regulatory clarity remains pending. This development underscores the growing global recognition of cryptocurrencies' economic significance and the need for balanced oversight to foster innovation while mitigating risks.

Indian Supreme Court Urges Government to Expedite Crypto Regulations

The Indian Supreme Court has intensified pressure on the central government to establish a regulatory framework for cryptocurrencies, citing growing risks of misuse and market uncertainty. Justices Surya Kant and NK Singh underscored that while an outright ban may be economically detrimental, clear oversight mechanisms are urgently needed.

Bitcoin (BTC) and other digital assets remain taxable in India despite the regulatory vacuum. The court emphasized that any policy decisions must involve expert consultation to balance innovation with consumer protection.

Vivek Ramaswamy’s Strive Aims to Acquire $8B in Mt. Gox Bitcoin Claims for Treasury Strategy

Strive, led by Vivek Ramaswamy, is pursuing a bold move to acquire 75,000 bitcoin from distressed Mt. Gox bankruptcy claims, valued at over $8 billion. The strategy, outlined in a May 20 regulatory filing, seeks to purchase BTC at a discount to enhance per-share value and long-term outperformance.

The firm has partnered with 117 Castell Advisory Group to evaluate legally adjudicated claims pending distribution. Shareholder approval and an SEC FORM S-4 filing remain prerequisites for the ambitious plan.

Bitcoin Soars Past $107K, Inches From ATH – What’s Fueling the Surge?

Bitcoin surged above $107,500 on Wednesday, hovering just 1.1% below its all-time high of $108,786 as investors flock to digital assets amid global uncertainty. The breakout from a two-week consolidation between $102,000 and $105,000 signals renewed bullish momentum.

The cryptocurrency has rallied roughly 40% over the past six weeks, maintaining a foothold above $100,000 for 11 consecutive days. Last week's record close at $106,500 underscores the strength of the current uptrend.

Macroeconomic turbulence, including Moody's downgrade of US debt, has accelerated capital rotation into crypto markets. Cooling US-China trade tensions further reinforced Bitcoin's appeal as a hedge against traditional financial instability.

Bitcoin Nears Record High as GENIUS Act Advances, Boosting Crypto Market

Bitcoin continued its bullish momentum on Wednesday, nearing its all-time high following the U.S. Senate's advancement of the GENIUS Act, a landmark stablecoin regulation bill. The cryptocurrency rose 1.4% to $107,595.50, trading NEAR a four-month high and closing in on its January peak of $109,288.

The bill’s progression signals a regulatory shift under President Donald Trump, who has recently taken a more favorable stance toward digital assets. The GENIUS Act is expected to head to a Senate floor vote this week before reaching the president’s desk. Market Optimism was further lifted by the Trump administration’s creation of a Strategic Bitcoin Reserve in March, a move aimed at strengthening the U.S. position in the digital economy.

Binance Bitcoin Outflows and MVRV Ratio Point to Sustained Bullish Setup

Bitcoin's slight retreat to $104,686 after touching $106,704 does little to dampen its bullish momentum. The asset remains within striking distance of its $109,000 all-time high, suggesting underlying strength.

Exchange outflows from Binance and Kraken signal strategic accumulation rather than speculative trading. Reduced sell-side pressure aligns with CryptoQuant analyst Amr Taha's observation of supportive on-chain metrics.

Bitcoin Nears All-Time High as Institutional Interest Grows

Bitcoin trades at $107,555, just 1.2% below its record high of $108,786—a peak achieved during the inauguration of the 47th U.S. President. Once dismissed as fringe, the asset now commands attention from global institutional funds, cementing its role in modern portfolios.

Tracy Jin, COO of MEXC, frames Bitcoin as gold's digital counterpart: "Gold hedges volatility; BTC accelerates past it." The cryptocurrency's 16-year ascent from obscurity to mainstream legitimacy reflects broader shifts in financial paradigms.