This episode examines concentrated gains in gaming tokens during broad market weakness, with Axie Infinity up thirty-two point five nine percent while seventy percent of the top two hundred cryptocurrencies declined. India’s crypto sector is requesting removal of the one percent transaction deduction and revision of the thirty percent flat tax on gains ahead of Budget twenty twenty-six, framing the request around onshore liquidity retention and compliance infrastructure. The Digital Asset Market Clarity Act has created a visible split among U.S. exchanges, with Coinbase opposing provisions that would eliminate roughly one billion dollars in annual revenue tied to stablecoin rewards, while Ripple, Kraken, Circle, and Andreessen Horowitz support the legislation. Bank of America warned that six trillion dollars in deposits could migrate to stablecoins if yield structures remain intact, illustrating the structural threat to deposit-based banking models.
