Over the last six months, Jetking’s stock price has increased by 94% thanks to its calculated Bitcoin accumulation.
The stock price of Jetking Infotrain, the first publicly traded firm in India to use Bitcoin, has increased significantly as a result of the success of its BTC investing plan. According to reports, the company’s stock has now risen to levels not seen since 2009. Will this encourage other Indian businesses to use Bitcoin?
Jetking’s Bitcoin investment bet pays off as stock price skyrockets
Notably, in December 2024, Jetking Infotrain, an IT company based in India, made Bitcoin its main treasury reserve asset. Since then, the business has actively bought Bitcoin, demonstrating its updated stance on financial regulations.
Jetking CFO Siddarth Bharwani claims that the company’s most recent Bitcoin acquisition took place in May 2025. The business purchased 5.98 BTC on May 28 for $617,143, or $110,975 per BTC. According to Bharwani, the company’s 2025 Bitcoin holdings have generated a 31.05% year-to-date (YTD) return. The IT company possesses 21 bitcoins as of May 28 that were purchased for an average of $75,291, or $15.8 million.
Jetking has acquired 5.98 BTC for $ 617,143 at ~$ 110,975 per bitcoin and has achieved BTC Yield of 31.05% YTD 2025. As of 28/05/2025, we hodl 21 BTC acquired for ~$1.59 million at ~$75,081 per bitcoin.
Building blocks! pic.twitter.com/b2MGM3quHs
— Siddarth ₿harwani (@sidbharwani) May 28, 2025
Given that talks are presently taking place regarding the establishment of a Bitcoin reserve in India, Jetking’s adoption of Bitcoin and subsequent growth are very noteworthy. A representative for India’s ruling party recently emphasized the possible advantages of establishing a Bitcoin reserve, according to data.
Jetking’s stock has risen sharply after putting its Bitcoin investment plan into practice, generating significant profits. According to data from Google Finance, the price of Jetking’s stock is currently at 201.10 INR, which represents a significant increase of 1.98% in the last day. The shares have experienced impressive rises of 10.5% and 33.8% during the last five and thirty days, respectively. Jetking’s stock has increased by an astounding 94% in the last six months as a result of their Bitcoin acquisition strategy.
Crypto regulation uncertainty holds back BTC investments
Even though businesses like Jetking are adopting cryptocurrency, other businesses are being hindered by India’s unclear crypto regulations. The Supreme Court of India expressed dissatisfaction with the government’s failure to create a clear regulatory framework for virtual currencies in March 2025, comparing Bitcoin trade in the nation to “a refined form of Hawala business.”
During a hearing later in May, Justices Surya Kant and Kotiswar Singh voiced their worries on the lack of a legal framework for cryptocurrency and urged the government to take the necessary action. The absence of clear regulatory restrictions in the nation, however, prevents institutions and individuals from embracing Bitcoin.
It’s interesting to note that Jetking’s deliberate acquisition of Bitcoin and the subsequent rise in its stock are likely to encourage more publicly traded corporations to make cryptocurrency investments. Given its abundant energy resources, India would be a perfect place to mine Bitcoin if it created a crypto-friendly atmosphere.
Coinbase hack: Attacker moves stolen funds to buy 4,800 ETH after two-month silence
After two months of silence, the Coinbase hacker purchases 863 Ethereum, valued at $12.55 million, at a price of $2,581 per coin. Why is this being done?
A hacker connected to the $300 million Coinbase hack has reappeared after a brief hiatus. The hacker’s acquisition of 4,863 Ethereum, valued at approximately $12.55 million, raised questions about what they would do next. Why is this being done?
Coinbase hacker acquires $12.55M ETH
The hacker that took $300 million from Coinbase recently made a daring move, according to Lookonchain statistics. The hacker paid $2,581 per token for 4,863 ETH ($12.55M) earlier today.
The hacker who stole $300M+ from #Coinbase users bought 4,863 $ETH($12.55M) at $2,581 an hour ago.
Two months ago, the hacker sold 26,762 $ETH($69.25M) at $2,588.https://t.co/j9UD56FgFshttps://t.co/D9ZUGofP9z pic.twitter.com/JUJ8THl037
— Lookonchain (@lookonchain) July 7, 2025
The deal comes after a big liquidation event in May, when the firm sold 26,762 ETH for $2,588 each, worth $69.25 million. Ethereum is currently trading at $2,562, up 1.9%, and this new transaction comes while the price of the currency is on a strong trend. The token has had further noteworthy increases of 4.5% and 2.6% during the last week and month.
The same hacker account sold 26,347 ETH that were acquired via THORChain for $68.18 million in DAI at an average price of $2,587 approximately two months ago. They recently made a fresh acquisition, most likely as a part of a plan to exchange stablecoins for ETH.
According to May 2025 report, Coinbase experienced a serious data breach that led to the theft of private information belonging to well-known individuals, including Roelof Botha, Managing Partner at Sequoia Capital. Coinbase claims that a hacker bribed a customer service representative located outside of the US, compromising the data of 97,000 users.
What’s driving the hacker’s latest ETH buy?
Notably, the Coinbase hacker’s purchase of Ethereum has sparked controversy, especially in relation to their motivation. The community thinks the hacker is still bullish, especially on Ethereum, given that this move coincides with a strong trend in the cryptocurrency market. “Not the usual average hacker,” an X analyst wrote. This guy is adept at both hacking and navigating the cryptocurrency industry.
The community members also jokingly emphasized the hacker’s astute tactic, stating that they are more adept at risk management than many in the cryptocurrency industry. They may have made money from the subsequent market pump after stealing $300 million, and now they are repurchasing ahead of a possible rise.
$LINK nears explosive move: Will $13.60 breakout or breakdown?
When a crucial chart pattern emerges, $LINK is trading at $13.59. Will Chainlink become popular? The next move might be big, as institutional adoption is increasing and $587 million has been staked.
Which way is $LINK coiled for a breakout? As a tightening symmetrical triangle fights with an impending double top, traders are left in limbo as Chainlink’s token hovers at $13.59. The next move could cause volatility because it is backed by $587 million in staked collateral.
Behind the scenes, Chainlink keeps expanding while traders keep an eye on the charts. Its technology is now used by well-known companies like Mastercard and JP Morgan, demonstrating its practicality. Will the cost at last catch up? As of this writing, $LINK is trading at $13.52.
Chainlink ($LINK) hits ATH holders as mastercard & JP morgan adopt its tech – What’s next?
A crucial piece of infrastructure for both traditional and decentralized finance, Chainlink is a decentralized oracle network that safely links smart contracts with real-world data.
With a market valuation of $9.19 billion and a circulating supply of 678.09 million $LINK, Chainlink’s recent developments demonstrate its increasing institutional adoption.
🔗📈 Chainlink’s +11% price jump today comes as its amount of holders recently surpassed its all-time high, now up to 769,380. Additionally, wallets active in the past year are -17.3%, indicating its long-term investing timeframe is in an opportunity zone. https://t.co/dvejBSsVs6 pic.twitter.com/XC4K0n80Dp
— Santiment (@santimentfeed) June 24, 2025
Long-term confidence in $LINK is still high, even though the number of daily active addresses decreased from 11,000 to roughly 3,950 in April, indicating a normal cooling-off time following peak activity.
Even though there were 17.3% fewer active wallets at the end of June, the number of holders had risen to an all-time high of 769,380. This implies accumulation by astute investors, indicating a persistent conviction in Chainlink’s usefulness.
Interoperability solutions offered by the network are becoming increasingly popular, especially among institutions.
Swapper Finance is now powered by Chainlink’s interoperability layer, which allows more than 3 billion Mastercard holders to purchase cryptocurrency on-chain using Uniswap, Shift4, Zerohash, and XSwap through Mastercard’s payment rails.
Chainlink and Mastercard enable direct onchain crypto purchases.
Understand with Simple Image (how this works) #Crypto #mastercard $LINK pic.twitter.com/zXbeUZO8nO
— Raajeev Anand (@rajeevanandspur) June 25, 2025
Kinexys Digital Payments, supported by JP Morgan, implemented the first cross-chain Delivery vs. Payment between its permissioned rails and the testnet of Ondo Chain by utilizing Chainlink’s Cross-Chain Interoperability Protocol and Runtime Environment.
This was a significant institutional settlement for U.S. Treasuries that were tokenized.
Chainlink’s price feeds now support Ripple’s RLUSD stablecoin on the Ethereum mainnet, further strengthening its infrastructure and supplying tamper-proof pricing data that is crucial for DeFi stability.
.@Ripple x @Chainlink: $RLUSD has adopted the Chainlink standard for verifiable data to fuel DeFi adoption with real-time, secure pricing data.
The future of stablecoins is here: https://t.co/mq3cThLGQJ pic.twitter.com/993Ac0o282
— Ripple (@Ripple) January 7, 2025
Furthermore, real-world asset settlements are now being piloted by the Chainlink Runtime Environment, which was first released in October 2024. For next-generation DeFi and TradFi applications, CCIP is still operational across Ethereum and other Layer 2 networks, enabling smooth token and data transfers.
These advances are supported by the fact that over 21,000 addresses possess 94.28 million $LINK, and Chainlink staking contracts, according to DefiLlama, secure almost $587 million in collateral.
$LINK at make-or-break $13.60: Symmetrical triangle collides with double top
Following a rejection close to $13.75 that set off a possible double top pattern, $LINK is now trading around $13.59, consolidating within a symmetrical triangle. As traders balance bearish exhaustion against bullish continuation, the structure shows indecision.
Technically, the triangle, which is currently compressing strongly below $13.60, dates back to the breakout rally on June 6 and has formed higher lows and lower highs. With the neckline closely matching the lower triangle border at $13.48, the double top known as “Top 2” is still a bearish indicator.
The volume footprint shows a tug-of-war, but the volume is still muted.
We saw a significant positive differential of +16.63K between 10:30 and 11:30 UTC, mostly on the 10:15 candle, which suggests intense bid-side activity. However, follow-up candles showed substantial ask absorption and mixed delta, particularly at 11:00 (–6.06K), suggesting a resistant ceiling close to $13.60.
Although there was no further continuation, this suggests that buyers were actively bidding on the ask, which is a critical bullish indicator that implies determination to drive prices up. A negative delta and ask-side absorption followed, indicating that sellers had intervened to protect the zone.
The lack of momentum direction is reflected in the RSI, which is in neutral area at 51.3. The market appears to be waiting for a catalyst, as shown by the MACD’s flatlining close to the zero axis.
If the triangle support and double top neckline are broken, the downside objectives at $13.10 and possibly $12.95 become accessible.
Strong volume and a positive differential, along with a confirmed breakout above $13.75, might invalidate the bearish setup and drive the price closer to the $14.20 level.
As of right now, volume signals are contradictory and the price movement is tightly wound. Before positioning, traders should wait for a distinct break and follow-through.
