According to Sumit Gupta (CoinDCX), India ranks number one globally for grassroots crypto adoption, driven by an active and engaged crypto community that provides candid feedback and strong support to local companies (source: @smtgpt, May 14, 2025). This surge in user engagement is expected to boost crypto trading volume, increase liquidity for Indian exchanges, and attract more global projects to the Indian market, making India a key hub for crypto traders and investors seeking growth opportunities.

According to Lookonchain, three wallets withdrew 6 million SUNDOG tokens (valued at $444,000) from Bybit within the last four hours, highlighting a significant decrease in SUNDOG liquidity on exchanges. Over the past two weeks, whales have withdrawn a total of 84 million SUNDOG tokens ($7.5 million) from multiple exchanges, as verified by Arkham Intelligence and Lookonchain (source: twitter.com/lookonchain, intel.arkm.com). This notable outflow can lead to reduced sell-side pressure, potentially impacting SUNDOG's price volatility and signaling strong accumulation by large holders, which is a key metric for crypto traders monitoring whale activity.

According to Fox News, a single Republican lawmaker was the only member of Congress to vote against a bill aimed at cracking down on human organ trafficking. This legislative move signals increasing regulatory scrutiny on illicit financial flows, including potential money laundering routes often associated with cryptocurrency transactions. Traders should monitor evolving compliance frameworks, as stricter anti-trafficking laws may lead to enhanced KYC and AML requirements on crypto exchanges, increasing operational pressures and possibly affecting liquidity and trading volumes. Source: Fox News (May 8, 2025).