DAT panic dumps 73,000 ETH, India’s crypto tax stays: Asia Express
CoinTelegraph
by Yohan YunFebruary 2, 2026
AI-Generated Deep Dive Summary
The cryptocurrency market has seen significant developments as major players navigate shifting market dynamics. Trend Research, one of the largest institutional buyers of Ethereum (ETH), has dumped 73,000 ETH to repay DeFi loans, marking a sharp reversal from its bullish stance late last year. Founder Yi Lihua admitted that his strategy to leverage ETH purchases and use stablecoins for further investments was flawed in the face of falling prices. Meanwhile, India’s strict crypto tax policies remain unchanged, despite industry lobbying efforts. The government continues to impose a 30% tax on crypto gains and retains controversial measures like the 1% tax deducted at source (TDS). South Korea, however, is stepping up its regulatory game by deploying AI tools
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Originally published on CoinTelegraph on 2/2/2026