Crypto & Digital Assets News

The Enforcement Directorate raided CoinDCX and Delta Exchange on 4 and 5 November over unauthorised international crypto transactions. The agency found evidence of large-scale FEMA violations involving derivative trading and tokenised stocks. These platforms used stablecoins to move thousands of crores abroad, bypassing rules set under the 1999 law.

Cryptocurrencies fell sharply in late Sunday trade as investors worried about tougher US regulations. Bitcoin dropped over 2% to $73,708, while ether fell 5% to $2,223. Both hit their lowest levels since August. Markets also got shaken by a $6 billion heist at Binance and recent US midterm election results.

Binance finance chief Kaiser Ng is leaving the company to pursue a new venture. Justin Yek, formerly of Airwallex, will take over the role. "Kaiser Ng has decided to pursue a new venture after more than five years at Binance," said Co-CEO Yi He. The change follows a major security breach.

Democrats now control Congress, ending the crypto industry’s easy run in Washington. The sector faces tougher rules and potential investigations into ties with President Donald Trump. Austin Campbell said, “Many significant figures in crypto aligned themselves with the Trump family.” Companies must now adjust to a new, more difficult political reality.