Cryptocurrency Live News & Updates : Volcon Invests Heavily in Bitcoin Amid Market Peaks
Volcon Inc. has acquired 3,183 Bitcoin at an average price of $117,697 each, opting to increase its exposure rather than hedge against potential losses. Volcon Inc., recently rebranded as Empery Digital, is making headlines by holding a substantial Bitcoin treasury valued at approximately $375 million, acquired at peak prices. This strategy contrasts with earlier adopters like Strategy, which capitalized on lower prices. Meanwhile, the cryptocurrency market is witnessing significant movements, with BONK testing critical support levels, and MANA trading within a long-standing range, indicating a cautious market sentiment. Additionally, the tokenization of money market funds is gaining traction, driven by the rise of stablecoins and recent legislative changes like the US GENIUS Act. This act aims to enhance digital dollar usage and could bolster the competitiveness of traditional funds. Galaxy Digital's CEO, Mike Novogratz, predicts Ethereum will outperform Bitcoin in the near future, highlighting a shift in corporate treasury strategies towards Ethereum, as evidenced by increasing institutional interest and ETF inflows. As the landscape evolves, these developments reflect a dynamic interplay between traditional finance and the burgeoning cryptocurrency market. Show more
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
3 hours ago
- Economic Times
Why Warren Buffett, Jim Rogers are ditching stocks & bonds? Rich Dad Poor Dad author Robert Kiyosaki explains
Robert Kiyosaki, author of the bestselling book Rich Dad Poor Dad, in his recent post on X (formerly Twitter), explained how investment veterans Warren Buffett and Jim Rogers have sold most of their stocks and bonds and are now holding cash or silver. ADVERTISEMENT Referring to their actions, Kiyosaki urged followers to find out why, and added that he is staying invested in gold, silver, and Bitcoin. 'If you do not know why Buffet and Rogers have sold their stocks and bonds you may want to find out. I sit tight with gold, silver, & Bitcoin,' he said in his tweet. blockquote class="twitter-tweet"p lang="en" dir="ltr"DO YOU have a 401k or IRA filled with stocks?br/br/DO YOU know investment legends Warren Buffet and Jim Rogers have sold most if not all of their stocks and bonds?br/br/They are both in cash or you do not know why Buffet and Rogers have sold their stocks and bonds you may…/p— Robert Kiyosaki (@theRealKiyosaki) a href=" 28, 2025/a/blockquote script async src=" charset="utf-8"/script He noted that America's debt levels are historically high and suggested that continued reliance on printed money may not be a strongly worded message, Kiyosaki wrote, 'Good luck. We may be on the brink of another 1929 crash and another Great Depression.' ADVERTISEMENT The recent tweet reiterates his long-standing belief that the current U.S. economic trajectory is unsustainable due to surging national debt and unchecked money printing by the Federal on multiple occasions, has declared that he personally prefers holding physical gold, silver, and Bitcoin over equities or ETFs. In his previous tweet, he said, 'You can only print money to pay your bills…for so long,' emphasizing his view that reliance on fiat currency and fiscal stimulus is pushing the U.S. economy toward a collapse. ADVERTISEMENT Today, he has urged the investors to do their own research and to explore why figures like Buffett and Rogers may be rotating out of traditional tweet aligns with his previous posts that emphasized the importance of real, tangible assets in times of economic instability, even drawing a metaphor comparing ETFs to a "picture of a gun for personal defense," suggesting that while financial instruments like gold or Bitcoin ETFs are convenient for average investors, they lack the protection of physically held assets. ADVERTISEMENT 'Sometimes it's best to have real gold, silver, Bitcoin, and a gun,' he has concerns over inflation, interest rates, and global market volatility continue, Kiyosaki's repeated calls to diversify into hard assets are drawing fresh attention—especially when accompanied by mentions of high-profile investors like warnings may not predict the exact timing of market events but they continue to influence investor sentiment around safe-haven assets in uncertain times. ADVERTISEMENT Also read: Rs 1 lakh to Rs 20 lakh in 5 years! Force Motors shares deliver jackpot returns with zero analyst coverage (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Hindustan Times
4 hours ago
- Hindustan Times
Five Signs of a Market Bubble Investors Are Tracking
The share price of online house flipper Opendoor Technologies has catapulted some 377% in the past month, despite a stagnant U.S. housing market. One of the biggest stock gainers Tuesday was Kohl's, a department store that has been losing ground to competitors for some time and has replaced its chief executive more than once in recent years. On Wednesday, the crowd favorites were unusual names such as GoPro and Krispy Kreme, with both the camera company and doughnut maker notching eye-popping gains over the week. What's going on? Some investors say the action is the latest phase in what has turned into a near-euphoric rebound from April's tariff turmoil. Since the market tumbled and then turned higher, there has been a stampede into risky assets such as meme stocks, cryptocurrencies and shares of smaller companies that have yet to turn a profit. To some, this resembles a bubble—a period of frenzied market activity and speculation that artificially inflates asset values, driving prices to an eventual breaking point. 'A lot of us thought that the [spring] correction had to do with the fact that valuations were rather stretched back in January and February, yet here we are,' said Ed Yardeni, president of Yardeni Research. 'It's almost like a slow-motion melt-up.' Here's what investors are tracking for signs of froth: Speculative stocks are having a moment The return of YOLO bets recalls the heady days of 2021, when online traders briefly drove the fading mall retailer GameStop to a $24 billion valuation, before rising interest rates brought the bull market to an end. The housing market is stalled, and Opendoor shares traded under $1 earlier this month. They closed Friday at $2.54. The bets on Kohl's center on the potential sale of the company's real-estate holdings, which Wall Street has eyed for years. The stock has still slid more than 70% since the start of 2022. Unprofitability isn't much of an obstacle. Avis and Aeva Technologies, both of which reported net losses in the first quarter, are flying high. Of the 33 stocks in the Russell 3000 that have tripled in price since the market bottom in April, only six have generated profits over the past year, according to a Bespoke Investment Group analysis. Shares of the ARK Innovation ETF, a fund that includes a number of speculative companies operating at a net loss, have climbed more than 36% year to date. 'That in itself is not unhealthy,' Callie Cox, chief market strategist at Ritholtz Wealth Management, said of the rise in speculative trades. 'When you get worried is when cracks start forming in the economy, yet you still have a huge appetite for speculation.' Crypto prices are surging Prices of Ethereum and bitcoin have soared in recent weeks, lifted by the Trump administration's pro-cryptocurrency policies and growing acceptance by mainstream financial institutions. But a new group of buyers has also pushed up prices: publicly traded companies that stockpile bitcoin, effectively transforming their own shares into a leveraged bet on the cryptocurrency. Those include Trump Media & Technology Group, which announced on Monday it had accumulated about $2 billion in bitcoin and bitcoin-related securities as part of a previously announced 'bitcoin treasury strategy.' Critics caution that practice could amplify risks in the crypto market, deepening selloffs. Those warnings haven't deterred an estimated five dozen companies from pursuing similar strategies. Breadth has improved Since stocks returned to their pre-April levels, the daily moves have been small. And the rally has expanded beyond the Magnificent Seven and other tech giants to include financial companies, industrial firms and communication services. The KBW Nasdaq Bank Index has climbed more than 7% over the past month, while shares of GE energy spinoff GE Vernova and advertising tech firm Trade Desk rose more than 20% in the same period. The number of stocks in the benchmark S&P 500 closing above their 50-day moving average is hovering at levels last seen in the fall, before the postelection 'Trump bump' in share prices. Analysts typically consider that kind of improving breadth a sign of a sustainable bull market. Yet stock valuations are stretched. The equity risk premium, defined as the gap between the S&P 500's projected earnings yield and the yield on 10-year Treasurys, is close to zero. That means that the extra return for owning stocks over lower-risk bonds has nearly vanished, which investors consider an unhealthy sign. The economy is holding firm Despite initial concerns that tariffs could kick-start inflation and drag on growth, the U.S. economy has kept chugging along. There are some signs of weakness: The annual inflation rate ticked up in June, as tariffs started to affect consumer prices. One basket of leading economic indicators recently pointed to slower growth in the second half of the year. But the increase in consumer prices has so far been modest, and economists' biggest worry—a sharp slowdown in the labor market—has yet to materialize. Such a shift could turn off the tap on U.S. consumer spending, effectively halting economic growth. Private-sector job growth has fallen to the lowest level in eight months. Hiring has slowed to a trickle, and college graduates are struggling to land roles. 'At a point where the job market is clearly weakening, it's interesting that we're seeing such optimism in markets,' Cox said. 'When the job market starts slowing, it doesn't turn around easily.' Write to Hannah Erin Lang at
Economic Times
5 hours ago
- Economic Times
Bitcoin hovers near $120,000; Ethereum jumps over 3% amid strong ETF inflows
Cryptocurrency markets surged, with Bitcoin nearing $120,000 and Ethereum leading altcoin gains, fueled by substantial ETF inflows. Ethereum's impressive performance has sparked talks of an "Ethereum season," potentially triggering broader altcoin rallies. Bitcoin is consolidating below resistance, while analysts eye macroeconomic factors and technical patterns for further upward momentum. Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS BNB 73,887 ( 7.2 %) Buy Ethereum 3,36,591 ( 3.13 %) Buy XRP 283.32 ( 2.6 %) Buy Bitcoin 1,02,87,327 ( 0.66 %) Buy Tether 86.52 ( -0.02 %) Buy The cryptocurrency market traded higher on Monday, with Bitcoin inching closer to the $120,000 mark and Ethereum leading gains among of 12:15 pm IST, Bitcoin was up 1% at $119,493, while Ethereum surged 3.5% to $3,914, according to data from CoinMarketCap. The overall crypto market capitalisation rose 1.74% to $3.97 continued to outperform Bitcoin, adding to its recent strong performance. 'ETH jumped another 3.5% today, touching $3,900 and adding to its 59% surge over the past month,' said Shivam Thakral, CEO of BuyUcoin. 'Big money is pouring into Ethereum, with ETF inflows topping $2.2 billion last week—actually outpacing Bitcoin's numbers.'The bullish trend in Ethereum, backed by growing institutional interest, is prompting some market watchers to call this period an "Ethereum season" – a trend that has historically triggered rallies in other altcoins as altcoins also traded higher on Monday. BNB gained 6.7%, Avalanche 5%, Solana 3.3%, Dogecoin 2.6%, XRP 2.4%, Cardano 2%, and Chainlink 2.7%.Despite its recent rally, Bitcoin remains just shy of breaking above the $120,000 resistance level. 'Bitcoin continues to hover just shy of the $120,000 mark, catching its breath after bouncing back from its latest pullback,' Thakral said. Key support levels are currently at $116,411 and $115,000, while the next major resistance stands around $138, to Piyush Walke, Derivatives Research Analyst at Delta Exchange, 'Bitcoin has traded between $118,000 and $120,000 over the past two days. Momentum indicators like MACD and ADX are still positive, but overbought signals from Stochastic and Williams %R hint at potential short-term consolidation.'Sathvik Vishwanath, Co-Founder and CEO of Unocoin, noted that institutional inflows via ETFs remain a strong bullish driver. 'Bitcoin is consolidating just below $120K, forming a bullish cup-and-handle pattern,' he said. 'But strong overhead supply limits a breakout. If BTC manages to hold this range and volume picks up, a surge toward $130K is likely.'The recent price movement has also been supported by macroeconomic developments. Harish Vatnani, Head of Trade at ZebPay, said Bitcoin's rally above $119,000 coincided with easing geopolitical tensions after the U.S. and China agreed to delay mutual trade tariffs.'Bitcoin is now eyeing a daily close above its 10-day moving average, after rebounding from the $114,500 zone,' Vatnani added. He also pointed out that BTC recently made a new all-time high of $123,218 before pulling back to its current range between $120,500 and $115,500, where it's forming a potential bullish flag pattern. A breakout above $125,000 could lead to another leg up.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
