Bitcoin (BTC) price recovery still faces macro risks: Crypto Daybook Americas

By Omkar Godbole (All times ET unless indicated otherwise) Friday’s crypto markets are a sea of green, bouncing from yesterday’s brutal drubbing in a classic oversold rebound. But real risks linger, threatening any lasting recovery. Bitcoin has climbed back to $65,000 after flirting with $60,000, with BlackRock ETF action hinting at capitulation, that is, long-term…

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Fiscal snapshot: Centre’s deficit widens to 62.3% of budget target by November; higher than last year

The Centre’s fiscal deficit stood at Rs 9.76 lakh crore at the end of November, accounting for 62.3% of the full-year budget estimate for 2025-26, government data released on Wednesday showed, PTI reported.The deficit was higher than the 52.5% recorded during the same period last year, reflecting a faster pace of expenditure relative to revenue…

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Busting myths! H-1B visa holders are not ‘cheap labour’ – why foreign workers are important for US

H-1B visas are important: they are the route to getting highly skilled foreign nationals to work in the US. (AI image) H-1B visas, on which the Donald Trump administration is imposing increasing restrictions, are actually beneficial for the US economy and unlike some people who claim that they constitute ‘cheap labour’, evidence seems to suggest…

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Binance’s Richard Teng breaks down the ‘10/10’ nightmare that rocked crypto

Binance did not cause the crypto market liquidation event on Oct. 10, but every exchange — centralized or decentralized — saw massive liquidations that day after China imposed rare earth metal controls and the U.S. announced fresh tariffs, said Binance Co-CEO Richard Teng. About 75% of the liquidations took place around 9:00 p.m. ET, alongside…

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Nadella pledges $17.5 billion AI, cloud funding in India

Microsoft is injecting a massive $17.5 billion into India, its largest investment in Asia, to bolster cloud and AI infrastructure. This significant commitment, alongside Google’s plans, underscores India’s growing importance as a global AI hub. The investment aims to enhance skilling and operations, positioning India as a frontier AI nation ready for transformative growth. NEW…

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Ripple Drops as Bitcoin Weakness Pulls Majors in Oversold Levels

Technical reversal signals emerge amid extreme oversold conditions following an aggressive institutional distribution wave. News Background • Whale wallets dumped nearly 200 million XRP (~$400M) over 48 hours, triggering acute supply pressure• Market-wide risk-off intensified as Bitcoin slipped below $90,000, pulling altcoins into deeper volatility• Bitwise’s new XRP ETF posted $25.7M first-day volume and $107.6M…

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