India’s government increased taxes on derivatives trading to control speculation. Data from April and May shows trading volumes remained largely unchanged. While some futures saw a dip, options trading volumes remained strong. The Finance Minister stated the tax aims to deter excessive speculation and protect small investors from heavy losses.
Bitcoin trades near $76K, Ethereum at $2,240 as tech selloff, strong US jobs data weigh on crypto markets
Bitcoin hovered near $76,000 and Ethereum around $2,240 as technology stock weakness, AI spending concerns and US crypto legislation uncertainty weighed on sentiment. Despite modest