The ED case is based on complaint by a marketing executive, who had reportedly lost Rs 30,000 through online gambling, against betting app Betin Exchange, the payment gateway Fonepaisa, and two other private firms.
The Indian rupee depreciated 7 paise to 90.96 against the US dollar in early Tuesday trade, pressured by higher global crude oil prices (Brent at 72.10 dollars per barrel), a stronger dollar index (up 0.11 percent to 97.81), and a weak start to domestic equities (Sensex down 525 pts). FII inflows of Rs 3,483 crore offered some support, with RBI likely intervening to cap it near 91.00 levels.
This week's top new movies see streamers beyond Netflix taking the spotlight, with Prime Video and Hulu releasing multiple fresh films.
More than 1,300 agencies recognized in Best Home Health debut. WASHINGTON, Feb. 24, 2026 /PRNewswire/ -- U.S. News & World Report, the global authority in health care rankings and consumer advice, today released its first-ever ratings for Best Home Health. This new evaluation provides a...
Bitcoin continues to struggle below the $65,000 level as persistent selling pressure weighs on market sentiment. Price action has remained fragile in recent weeks, with volatility elevated and traders showing limited conviction amid tightening liquidity conditions and broader macro uncertainty. While intermittent rebounds have occurred, they have so far failed to establish sustained upside momentum, leaving Bitcoin locked in a cautious consolidation phase below a key psychological threshold. Related Reading: XRP’s Brutal Supply Compression Signals A Repeat Of The 2024 Expansion A recent CryptoQuant report highlights a notable structural development involving StrategyB, formerly known as MicroStrategy. It has now been more than six years since the company began its Bitcoin accumulation strategy, targeting roughly 5% of the asset’s total supply. The initiative, driven by CEO Michael Saylor — one of Bitcoin’s most vocal long-term advocates — reflects a conviction that BTC could eventually surpass the $1 million mark over time. To pursue this objective, StrategyB has executed what many consider the largest dollar-cost averaging program in Bitcoin’s history, notably without selling any BTC since inception. Annual investment figures illustrate the scale of this effort: $1.1 billion in 2020, $2.57 billion in 2021, $276 million in 2022, $1.9 billion in 2023, $21.9 billion in 2024, $22.4 billion in 2025, and $4.1 billion so far in 2026. StrategyB’s Aggressive Bitcoin Accumulation And Market Implications According to the report, 2025 marked a record year for StrategyB in terms of capital deployed, with more than $22.4 billion invested into Bitcoin accumulation. The data suggests that 2026 is currently following a comparable trajectory. If this pace continues, the firm could surpass last year’s record, further consolidating its position as one of the largest institutional holders of BTC. At present, Bitcoin is trading below StrategyB’s estimated realized price, which sits near $76,000. This metric reflects the company’s average acquisition cost across its holdings. StrategyB reportedly holds approximately 717,131 BTC, equivalent to around 3.4% of Bitcoin’s circulating supply. Such concentration highlights the scale of institutional participation now embedded in the market structure. However, the interpretation of this data requires caution. Trading below a large holder’s realized price does not automatically imply undervaluation; realized price is a cost-basis metric, not a valuation model. Market conditions, liquidity flows, and macroeconomic variables remain dominant drivers of price direction. Still, the broader takeaway is notable: even major institutional participants often rely on relatively simple accumulation strategies such as dollar-cost averaging. Whether that approach proves optimal in current conditions depends on individual risk tolerance, time horizon, and broader market context. Related Reading: The Great Bitcoin Handover: $8.2 Billion BTC Swamps Binance As Retail Momentum Fades Weekly Breakdown Below Key Moving Averages Signals Structural Weakness Bitcoin’s weekly structure has deteriorated materially over the past several sessions. After failing to sustain acceptance above the $90,000–$100,000 region, price rolled over and has now retraced toward the mid-$60,000 area. The latest weekly close near $66,000 places BTC decisively below the 50-week and 100-week moving averages, both of which are beginning to slope downward. This shift in positioning is technically significant. During the 2024–2025 advance, these moving averages acted as dynamic support, consistently absorbing pullbacks and reinforcing trend continuation. Their loss now converts them into overhead resistance, limiting upside unless reclaimed with strong volume confirmation. Related Reading: Ethereum Breaks Fhe Final Whale Floor In A 2018-Style Capitulation: What To Expect The 200-week moving average, currently tracking near the mid-$50,000 zone, remains the last major structural support on this timeframe. Historically, sustained closes below the 50-week average following a cycle peak have signaled prolonged corrective phases rather than shallow consolidations. Volume has expanded during the recent breakdown, suggesting distribution rather than simple low-liquidity drift. The sharp selloff from the $90,000 region to sub-$70,000 levels reflects decisive supply entering the market. For bulls to regain control, BTC would need to reclaim the $75,000–$80,000 range and reestablish higher weekly highs. Until then, the weekly trend favors caution, with momentum tilted toward continued consolidation or further downside exploration. Featured image from ChatGPT, chart from TradingView.com
(MENAFN - AsiaNet News) HFCL Limited has joined a research consortium led by the Indian Institute of Technology, Delhi (IIT Delhi) to develop hollow-core fiber (HCF) technology. Strategic ...
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Used cars are seen at a used car dealership in Seoul on Feb. 18. [YONHAP] Korea posted a record $72 billion in automobile exports in 2025 despite a sharp drop in shipments to the United States, as a surge in used car sales led by strong demand from Kyrgyzstan offset declines in new vehicle exports, according to statistics from the Korea International Trade Association (KITA) on Tuesday. Kyrgyzstan recorded the largest increase in imports of Korean automobiles over the past year. Korea exported $3.2 billion worth of vehicles to the Central Asian country, up 105.4 percent, or $1.64 billion, from a year earlier. Related ArticleK-beauty and used cars drive SME exports in first half of 2025Goodbye lemons: Hyundai, Genesis to sell certified used carsOverall exports soar thanks to chips and cars, but steel and machinery are falling further behind The increase exceeded the overall rise in Korea’s automobile exports, which grew by $1.19 billion during the same period. Used cars, not new vehicles, drove the growth. Korea shipped only about 200 new vehicles to Kyrgyzstan last year, but exported roughly 130,000 used cars, which accounted for 99 percent of total shipments to the country. Exports to the United States fell sharply after U.S. President Donald Trump's administration imposed item-specific tariffs on automobiles. Exports to the U.S. declined by $4.59 billion, or 13.2 percent, on year in 2025. Even so, total automobile exports rose 1.7 percent on year to reach a record $72 billion. A breakdown of the figures shows a clear divergence between new and used vehicles. New car exports fell 4 percent on year to $63.11 billion, while used car exports jumped 75 percent to $8.86 billion. The share of used cars in total automobile exports rose from 7.2 percent in 2024 to 12.3 percent last year. Without the surge in used car shipments, Korea would not have achieved a new export record. Used cars are seen at a used car dealership in Seoul on Feb. 18. [YONHAP] Demand for used vehicles continues to grow in emerging economies. While incomes in these countries are on the rise, many of these consumers still lack the purchasing power to buy new cars. Countries with major automakers, including Korea, Germany, Japan, the United States and China, instead export used vehicles to meet this demand. Geopolitical factors have also supported the trend. The end of the Syrian civil war and the outbreak of the Russia-Ukraine war have increased demand for used vehicles in affected regions. In the past, Japanese used cars dominated many of these markets. Recently, however, stronger quality assessments of Hyundai Motor and Kia autos have lifted demand for Korean used vehicles. Korea’s major destinations for used car exports include Kyrgyzstan, Kazakhstan, Libya and the United Arab Emirates. “Libya serves as a reexport hub to North African countries such as Tunisia and Algeria, where purchasing power remains low, while Kyrgyzstan functions as a channel for reexports to Russia,” said Jung Jun-ha, a researcher at the Korea Automotive Technology Institute. Used cars are seen at a used car dealership in Seoul on Feb. 18. [YONHAP] Unlike new car exports, shipping used cars overseas does not result in much new car production in Korea. But strong sales of Korean used cars can encourage auto parts companies to enter those markets, expanding the aftermarket ecosystem of parts and services. Automobiles also ranked as the top export item among small- and medium-sized enterprises last year, surpassing K-beauty products. As global demand shifts toward higher-value vehicles, including environmentally friendly models, the used car market can expand further. Korea’s exports of environmentally friendly used vehicles surged more than 200 percent last year. “As purchasing power rises in emerging markets and countries introduce stricter environmental rules, demand for environmentally friendly vehicles also increases,” Jung said. “The government needs to provide systematic support, such as building dedicated used car export complexes, to meet global demand.” This article was originally written in Korean and translated by a bilingual reporter with the help of generative AI tools. It was then edited by a native English-speaking editor. All AI-assisted translations are reviewed and refined by our newsroom.BY NA SANG-HYEON [paik.jihwan@joongang.co.kr]