Cryptocurrency markets are in red. Bitcoin, Ethereum have slipped. Layer 1 blockchain crypto tokens like Solana, Cardano, Ripple are also down. Memecoins like Shiba Inu and Dogecoin have witnessed downtrend. Most stablecoins remain pegged to $1 despite volatility in markets.
Cryptos are beginning to play a critical role in Web 3.0. Given the potential negative impact of crypto, it would perhaps be judicious to create a crypto SEZ in India to enable the development of talent and tapping of the Web 3.0 global market.