Barring the stablecoin USD Coin, all crypto tokens were trading sharply higher on Monday. Avalanche zoomed more than 13 per cent, whereas Cardano and Shina Inu posted double-digit gains. Polkadot and Solana advanced 9 per cent each. The global cryptocurrency market cap was trading higher at the $1.26 trillion mark, jumping more than 5 per cent in the last 24 hours. However, the total cryptocurrency trading volume zoomed over 8 per cent to $55.27 billion.
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Asia’s first crypto exchange-traded fund (ETF) could be launched in India’s GIFT City this year by Torus Kling Blockchain
View Details »What's cooking in IndiaAccording to a survey, India ranks first out of the 26 countries that took the survey. 34 per cent of the people polled in India said they've played P2E games whereas, in Hong Kong and UAE, the numbers stood at 29 per cent and 27 per cent, respectively. This shows that despite the government regulations people are still adopting the crypto space one way or the other. While India obviously leads the way, the survey shows that the country's adoption rate might rise, crossing 34 per cent.Expert take«Appetite for risk assets continued to fall with Asia-based tech stocks seeing a capital flight of $63 billion this year. Crypto assets which typically have a high correlation with tech stocks also plummeted, with bitcoin headed for its ninth-straight weekly loss,» said CoinDCX Research Team. Global growth concerns spurred by rising interest rates and supply chain disruptions were the dominant themes within investor narratives, with many leaning towards capital preservation during these volatile times, it added. Uniswap has hit two significant milestones this month, with the DEX topping $1 trillion
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