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
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Business Standard
28 minutes ago
- Business Standard
Ethereum outperforms Bitcoin; is ETH poised to lead next crypto bull run?
Ethereum (ETH) continues to steal the show in the crypto markets, outperforming the flagship currency Bitcoin (BTC), which has entered a consolidation phase after reaching a fresh peak earlier this month. So far this month, Ethereum has surged nearly 59 per cent. Market analysts suggest that the current trend signals the emergence of an "Ethereum season" in the crypto space. At last check, Ethereum was trading at $3,925, down 4 per cent, with a 24-hour trading volume of $31.14 billion, according to CoinMarketCap. Over the past 24 hours, it has fluctuated between $3,756 and $3,940. Despite the recent rally, ETH remains 19 per cent below its all-time high of $4,891, scaled in November 2021. Experts weigh in Shivam Thakral, CEO of BuyUcoin, attributed Ethereum's rally to strong ETF inflows. 'Big money is pouring into Ethereum, with ETF inflows topping $2.2 billion last week—actually outpacing Bitcoin's numbers,' said Thakral. Market watchers are calling this phase the start of an 'Ethereum season.' If history is any guide, Thakral believes this could spark a broader rally across other altcoins. Piyush Walke, derivatives research analyst at Delta Exchange, also that believes Ethereum's current trend signals renewed bullish sentiment, though some signs of buyer fatigue are beginning to emerge. 'Overall, Ethereum's performance remains relatively stronger, while Bitcoin shows resilience within a tightening trading range and mixed technical signals,' said Walke. Bitcoin faces resistance at the $119,500–$119,900 zone Bitcoin, meanwhile, is catching its breath after bouncing back from its latest pullback. At last check, BTC was quoted at $119,546, up nearly 1 per cent, with a 24-hour trading volume of $58.18 billion and a market capitalisation of $2.37 trillion, according to CoinMarketCap. The flagship cryptocurrency is currently around 3 per cent below its all-time high of $123,091, scaled earlier this month on July 14. At current levels, traders are closely watching to see if BTC can break through a stubborn resistance level. 'The next moves will largely depend on whether Bitcoin can maintain its footing here, with key support levels at $116,411 and $115,000, while resistance lies ahead at around $138,000,' said Thakral. Walke echoed similar views, noting that while Bitcoin's price action has been mixed—initially declining before recovering—momentum indicators like MACD and ADX remain positive, suggesting continued upward potential. 'However, overbought signals from tools like the Stochastic, Stoch-RSI, and Williams %R point to possible consolidation or a short-term pullback,' he added. According to the CoinSwitch Markets Desk, technical data for Bitcoin shows a strong buy signal across multiple moving average and indicator metrics. The 5-, 20-, and 50-day MAs, they said, are all supportive, while the RSI, MACD, and ADX remain in bullish alignment. 'Near-term resistance lies at $119,500–$119,900, while support zones cluster around $116K (CME gap) and $114,000–$115,000. A deeper correction could be triggered if these levels are breached, potentially pulling BTC toward $112,000–$113,800. " Traders eye altseason With Bitcoin maintaining strong price support just below the $120,000 mark, analysts believe an altcoin season may be on the horizon. ETH/BTC has been rising for five consecutive weeks. 'While ETH might face strong resistance near the $4,000 mark, another short squeeze is likely, especially with more ETH treasury companies like SBET emerging in the US, aiming to replicate for ETH what Saylor's strategy did for BTC,' analysts noted. Separately, the US Federal Reserve's interest rate meeting scheduled for Wednesday, July 30, will be a key event to watch. While no rate change is expected, analysts say an unlikely surprise rate cut could trigger a massive rally across both stock and crypto markets.
Time of India
2 hours ago
- Time of India
Ethereum meme coin Little Pepe (LILPEPE) finishes Stage 7 of presale in just three days
Spotlight Wire Academy Empower your mind, elevate your skills Little Pepe ($LILPEPE) has gained significant traction, completing Stage 7 of its presale in just a matter of days. Built on an Ethereum-compatible Layer 2 blockchain, Little Pepe is positioning itself as more than just a meme coin. This token is above all utility-driven, built for speed, security, and extremely low transaction fees. This distinguishes it from other meme coins, which tend to have little or no technical impact whatsoever. With its distinctive properties and success in the presale market, Little Pepe has become a real competitor in the crypto presale for Little Pepe ($LILPEPE) has been a resounding success, attracting investors who see the potential for strong returns. Stage 1 started at $0.001 per token, and since then, the price has steadily increased. Stage 2 saw the price rise to $0.0011, and by Stage 7, it reached $0.0016. Currently, Stage 8 is live with a price of $0.0017. The upcoming Stage 9 will be priced at $ total, Little Pepe has raised over $11 million in its presale, with nearly 8.4 billion tokens vended out of the 9.75 billion allocated for this stage. The presale's huge success catapulted it into the spotlight as an Ethereum-compatible token. Given that the total supply of Little Pepe is capped at 100 billion tokens, early investors have an opportunity to benefit as the price continues to rise. Little Pepe is more than a meme coin as it is driven by pure utility. It is a Layer 2 Ethereum-compatible blockchain with fast transactions and cheap fees, as well as a secure network. It also has some of the components that have helped it emerge as a unique platform in the competitive meme coin industry. These features bring massive value to the Little Pepe other interesting thing about the Little Pepe project is that it has a meme launch pad. This means that developers can issue their own meme tokens on the network. Also, token holders of LILPEPE have access to DAO voting available , which guarantees that the community participates in decision-making processes on the token's future. In the future, Little Pepe will implement NFTs and the compatibility across chains and become more usable and accessible to users of numerous blockchain roadmap is positioned for the long-term growth of Little Pepe. With features like rewards, NFTs, and DAO voting, Little Pepe is positioning itself as a serious blockchain project with utility. The cross-chain compatibility feature, which is still in development, will open up new opportunities for users across different blockchain a celebration, Little Pepe gives back in presale: a collective aggregate amount of $ 777,000 in LILPEPE. There will be 10 lucky winners, each bagging $77,000worth of LILPEPE tokens. To join, one will have to pay at least $100 for the presale. The initiative will also indicate the increasing interest and enthusiasm towards the Little Pepe sum up, the stable performance on presale, the Ethereum-congruent blockchain, andLittle Pepe's utility give the project a strong chance to become a serious meme coin with a high level of growth. The roadmap of Little Pepe predicts a good future, with developments such as NFTs and cross-chain compatibility features in future updates. Due to its evolution, the popularity of the $LILPEPE token is also expected to keep increasing along with the number of investors and community members. * You must be at least 18 years old to access this site.
Hans India
4 hours ago
- Hans India
Investments in crypto, is it a catalyst or cataclysm
The cryptocurrency world, born from the cypherpunk dream of circumventing traditional financial gatekeepers and government oversight, finds itself in a profound and deeply ironic moment. With each passing day, the US administration isn't just tolerating crypto; it's actively formalising and legalising it, providing the very structure its creators sought to avoid. This unexpected embrace, far from stifling the industry, is fueling a new wave of institutional euphoria and mainstream acceptance, fundamentally reshaping crypto's trajectory and granting it fresh legs for growth. What many early proponents aimed to subvertironically became the wing of the dominant power. Bitcoin, the cryptocurrencies' genesis block famously contained the headline decrying bank bailouts. The repulsion from the fiat currency with foundational thesis on decentralization, privacy, and freedom from government-controlled monetary systems. Yet, the current surge in legitimacy and capital inflow is undeniably abetted by the deliberate U.S. government policy. This isn't accidental tolerance but a calculated, sometimes contentious, move to bring the unruly asset class within the regulatory perimeter. The pivotal shift began not with sweeping legislation, but with a crucial, though reluctant regulatory nod of introducing futures-based Bitcoin ETFs. This provided a familiar, regulated wrapper for institutional investors wary of direct crypto exposure. It was a signal that the SEC, albeit cautiously, was opening a door. The trickle of institutional capital the true watershed moment arrived with the long-awaited approval of spot Bitcoin ETFs in early 2024. This wasn't just another product, it was a game-changer. Suddenly, major Wall Street players like BlackRock, Fidelity, and VanEck could offer funds holding the actual Bitcoin, traded on traditional exchanges. The GENIUS Act not only legitimised the digital tokens but mandated stablecoin issuers to maintain reserves backing outstanding payment stable coins on at least one-on-one basis. The reserves may consist of certain assets including US dollars, federal reserve notes, funds held at certain insured or regulated depository institutions, short-term treasuries, reverse repo agreements and money market funds. The law while providing leeway to the stablecoins to enter the mainstream has also addressed a consistent market for the dollar assets, which is being increasingly shunned by the foreign sovereigns. The legislation has brought clarity on the asset classification, regulatory framework while streamlining anti-money laundering (AML) and Know Your Customer (KYC) guidelines. This wave of regulation, even if incomplete, grants the industry a form of 'pseudo-legitimacy'. The US is charging ahead with these policy formulations even as the rest of the world is in a 'wait-and-watch' mode. The EU while a pioneer in MiCA (Markets in Crypto-Assets Regulation) is restrictive and complex in implementation. The UK and Switzerland are actively working on the framework but still finalising the details. Singapore and UAE have built progressive crypto-friendly regulations to foster innovation while enforcing investor protection. The other major economies like China and India are often maintained stricter stances or even outright bans, creating a fragmented global with this backdrop, would an investment in cryptos make sense for investors? Post pandemic, increasingly Indians have participated in crypto trading extending beyond the urban areas into smaller cities, primarily driven by the younger population. Though, many of burnt their hands with the tokens beyond the blue-chips (like Bitcoin, Ethereum, etc.) the lure for quick returns has allowed to continue to pursue. Domestic crypto exchanges like CoinDCX, ZebPay are legally allowed to operate with FIU-IND (Financial Intelligence Unit) along with the basic KYC compliance. Lack of legislation puts them beyond the purview of SEBI, RBI currently while a flat 30 per cent tax plus applicable surcharge and 4 per centcess is levied over the gains made in these digital assets. Also, a 1 per cent TDS is automatically deducted by the Indian exchanges exceeding Rs. 10K. Stable coins are gaining currency thanks to the recent US legislations, are increasingly finding interest among the 100 million crypto users in India. Though better than the 'rug-pulls' of ICO (Initial Coin Offering) frenzy of '17, the crypto heists are now becoming a menace. Two Indian exchanges were breached with WazirX reportedly loosing $230mn and recently CoinDCX lost about $44mn. Despite the cybersecurity breaches and lack of regulation, the historical returns (though limited period of history) aren't allowing to investors to ignore this burgeoning asset class. (The author is a partner at 'Wealocity Analytics', a SEBI registered Research Analyst firm and could be reached at [email protected])
