India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ethereum currently has strong support at $2,200, but one analyst has pointed out that if the level fails, the next region to watch could be $1,160. In a new post on X, analyst Ali Martinez has talked about where support lies for Ethereum based on on-chain data. In on-chain analysis, levels are considered as major support/resistance zones if they host the cost basis or acquisition level of a significant part of the ETH supply. The reason behind this lies in the fact that investors are more likely to show some kind of reaction when the retest of their break-even level takes place. This buying/selling is irrelevant to the wider market if only a few holders are having it tested at once, but the story can be different when the retest is of the cost basis of a large amount of them. Below is the chart shared by the analyst that shows how the different price levels around the current Ethereum spot price are currently looking in terms of the amount of supply that was purchased at them. In the graph, the size of the dot corresponds to the amount of Ethereum supply contained within the associated price range. It would appear that, out of the ranges listed, the $2,218 to $2,396 levels currently have the largest dot, meaning that they host the most supply. More specifically, this range has the cost basis of 6.28 million addresses, who purchased a total of 67.2 million ETH at its levels. Given this fact, it's possible that should a retest of the range occur, investors could show a strong reaction. But what kind of reaction would it be, buying or selling? Well, these investors are in profit right now and usually, such holders are more likely to double down on the asset during declines to their acquisition mark, as they may believe the same price level would turn out to be profitable again in the future. As such, the $2,218 to $2,396 range could end up acting as a strong support level for Ethereum. In the scenario that ETH falls below the lower end of the range around $2,200, however, it may have to rely on support elsewhere. From the chart, it's apparent that all the ranges below are much smaller in terms of supply. The next major support zone lies all the way down at $1,160, where 35.9 million addresses acquired 21.58 million tokens. Naturally, Ethereum doesn't have to slip right through to this zone if $2,200 is lost, but if the data is to go by, it does suggest that the coin could have a harder time regaining footing below it. Ethereum is holding above the on-chain demand zone for now as its price is floating around $2,475.
Guwahati, Jun 5 (PTI) The Assam Congress on Thursday demanded a CBI inquiry into alleged illegal stone mining in Karbi Anglong district in violation of a Supreme Court order. Addressing a press conference here, former Rajya Sabha member Ripun Bora also alleged that Karbi Anglong Autonomous Council Chief Executive Member Tuliram Ronghang was allowing illegal activities in the district in nexus with Chief Minister Himanta Biswa Sarma. "Large-scale illegal stone mining is taking place in the hills of Karbi Anglong in violation of the Supreme Court order. The SC had banned mining in and around K ...Read More >
Bengaluru (Karnataka) [India], July 18 (ANI): Reacting to Bihar Chief Minister Nitish Kumar announcement of free electricity up to 125 units, Karnataka Deputy Chief Minister DK Shivakumar said that whatever schemes the Congress party is giving in Karnataka, the entire country is following it. Speaking to the media, Shivakumar emphasised that in the entire country, Congress Party has stood for the welfare of the people. After independence, till today, whenever the Congress Party is in power, either in the Central or state government, it has given various schemes, such as pension, woman and ch ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. A Coinbase-linked wallet sent 140,033,123 Shiba Inu tokens to a burn address on October 15, removing those coins from circulation in a single on-chain move. According to records published by community burn tracker Shibburn, the wallet that carried out the transfer was newly created and had only that one visible SHIB transaction. Etherscan data shows the address was funded by a wallet tied to Coinbase, and it currently holds 0.002 ETH, worth roughly $9. The 140 million SHIB mo ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bonk ($BONK) is on a tear, and it's not slowing down. The token just extended its gains, building on a massive 20% rally from last week. The reason for all the excitement? Traders are pouring cash into it. The futures Open Interest (OI) for $BONK has shot up to a yearly high, showing a ton of new money is flooding the market. This kind of action is exactly what a rally needs to keep going. However, it's not just about the trading numbers. The Solana ecosystem itself is doing g ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. On-chain data shows the Bitcoin network has seen a spike in profit transactions, something that has often led into local price tops in the past. In a new post on X, on-chain analytics firm Santiment has talked about the latest trend in the ratio of profit and loss transactions taking place on the Bitcoin network. A transfer is categorized as a 'profit' one when the tokens involved in it had a last transaction price lower than the latest one. Similarly, transfers with coins of t ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. On-chain data shows the XRP whales have participated in major distribution over the past two weeks, a sign that can be bearish for the asset's price. In a new post on X, analyst Ali Martinez has talked about the latest move from the XRP whales. The analyst has cited Santiment's Supply Distribution indicator, which measures the total amount of the asset's supply that a given wallet group as a whole is holding right now. Whales are defined as addresses carrying between 1 million ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Centralized exchanges like Coinbase have long marketed themselves as crypto's answer to convenience. User-friendly, regulated, and custodial. Just give them the keys and let them drive. They'll handle all the boring details - like on/off ramps, UI, integrated swapping, and little things like taking control of your crypto. And in return, all you need to do is trust. Trust Coinbase and other custodial platforms too much, and what do you get? Hacks and data breaches, among other ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Pump.fun announced the acquisition of a leading multi-chain trading terminal to further expand its ecosystem, triggering a 10% price surge for the platform's token, PUMP. On Friday, Solana's leading launchpad, Pump.fun, announced it had acquired multichain trading terminal Padre for an undisclosed amount as part of its "mission to tokenize the world's highest-potential opportunities." The platform explained that trading terminals have "captured most trading volumes in the ecos ...Read More >
Mumbai, July 15 (SocialNews.XYZ) Actor Aasif Khan, who suffered a heart attack on Monday evening. However, the actor is now stable, and out of danger. He has assured his fans that he is on his road to recovery. Aasif is known for his work in 'Mirzapur', 'Paatal Lok', 'Panchayat', 'Jamtara - Sabka Number Ayega' and 'Human'. On Tuesday, the actor took to the Stories section of his Instagram, and penned a note, notifying his fans that he is in a better condition. He wrote, "Over the past few hours, I've been dealing with some health issues that required hospitalization. I'm grateful to share t ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. SharpLink bought the dip and added another $100M-worth of $ETH to its Ethereum treasury. Arkham pointed out that the address that moved the $ETH already bought another $800M previously for SharpLink Gaming, with the latest transaction of $108.6M going to Galaxy Digital OTC. Data from Strategic ETH Reserve places SharpLink Gaming second on the list of companies with the largest $ETH reserves, with 438.2K tokens. Bitmine Immersion Tech occupies the first spot with 625K $ETH, whi ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Chainlink is entering a pivotal moment in its market cycle, with bullish sentiment returning after a prolonged period of underperformance. Since late June, LINK has surged over 70%, marking its strongest rally in months and reigniting investor confidence. The price action signals that this could be more than just a relief bounce -- it may be the start of a broader recovery trend. Market participants are paying close attention, especially as fresh on-chain data from Santiment re ...Read More >
New Delhi, Aug 26 (PTI) Nearly one-third of school students take private coaching and the trend is more common in urban areas, the Centre's Comprehensive Modular Survey (CMS) on education has found. The survey noted that government schools play a pivotal role in providing education across India, accounting for 55.9 per cent of total enrolments. "It is higher in rural areas, where two-thirds (66.0 per cent) of students are enrolled, in comparison to urban areas (30.1 per cent). The private unaided (recognised) schools account for 31.9 per cent of enrolment nationwide," the survey report said. ...Read More >
Madras High Court in a significant ruling, has held that cryptocurrency now qualifies as "property" under Indian law, an asset capable of being owned, enjoyed, and held in trust. "There can be no doubt that cryptocurrency is a property. It is not a tangible property, nor is it a currency. However, it is a property which is capable of being enjoyed and possessed (in a beneficial form). It is capable of being held in trust," observed a single-judge bench of Justice N. Anand Venkatesh. Also Read | ...Read More >
New Delhi, Jul 20 (PTI) Gold prices are likely to remain range-bound in the coming week as investors await clarity on global trade negotiations, upcoming US macroeconomic data and signals from the Federal Reserve, analysts said. Traders will closely watch Fed Chair Jerome Powell's speech and global PMI data from major economies, including the US, UK and Eurozone. The European Central Bank's interest rate decision will also be closely tracked for cues on the bullion price trajectory, they said. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services, said that ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Yesterday's inflows into US Ethereum spot ETFs hit a new high, and the market took notice. Ether's price jumped sharply as big and small funds alike funneled fresh money into these products. According to latest data, US Ethereum spot ETFs saw a single‑day inflow of $727 million yesterday. That smashes the prior record of $428 million set on December 5. The nine funds tracked have now attracted new money every day for eight straight sessions before this surge. Based on reports, ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. A significant plunge in the crypto market has sent shockwaves across the industry over the last 24 hours, leaving a trail of liquidations in its wake. Around 200,000 traders were forced out of their positions as Bitcoin plunged to a seven-week low, wiping out more than $900 million in liquidations over a single day. According to CoinGlass, most of those losses came from long bets that could not weather the slide. Reports have disclosed that a single large sale helped set off t ...Read More >
In a week marked by major developments, Ethereum ETF news and a Solana ATH are dominating headlines. Both projects showcase unique strengths, but emerging altcoins like Rollblock are also quietly reshaping the crypto landscape. With a market hungry for innovation, the spotlight is now on which asset class holds the most promise for investors. Rollblock has gained traction as a pioneering project that merges decentralized finance (DeFi) with blockchain gaming. With over 7,000 provably fair games anchoring its ecosystem, Rollblock goes beyond entertainment to create tangible financial benefits ...Read More >