“Kynikos Associates founder and legendary short-seller Jim Chanos is revealing the companies he believes are prime for shorting. In a new interview at the 2025 Forbes Iconoclast Summit, Chanos says companies that are likely to fade away due to artificial intelligence (AI) advancements top his short list, including US computer giant International Business Machines Corporation (IBM). “We think there’s a number of companies that kind of pop up that are going to be roadkill on the AI highway. And right now, similar to the early part and mid part of the Dot-com boom, all the stocks are getting inflated. But there are a lot of companies who have business models that, if you think it through, are going to see them dramatically deflate because of the capabilities of AI as AI gets better and better. We call them either body shops or AI products that will basically be competed away… I’m not going to give you a bunch of names, but one of our old names that is in that group that we’ve been short on and off since 2020 has been the IBM, which has been a good stock in the last year and a half. It’s basically doubled, and after going down for 10 years. But it’s trading back at all-time high valuations. It’s not growing. It’s a body shop… We think it’s a business that’s going to continue to melt away, not right away, but AI will continue to hurt IT consultants and IT body shops.” IBM is trading for $268 at time of writing, up about 60% in the last 12 months. Another company on Chanos’ short list is used car retailer Carvana (CVNA), which is up 7,961% in the last 30 months after trading at $4.23 in January 2023. “We think that [Carvana is] still a misunderstood story… What really caught our eye and made it timely is a couple of positioning aspects, which these days, on the short side, are really important. Number one, the short interest is back down to multi-year lows, from being one of the most heavily shorted stocks in the market in 2023, it’s now back below and back toward its pre-Covid levels of short interest as percentage shares outstanding, below 10%. But perhaps even more ominous is that the insiders have begun to sell in an absolute torrent of stock… It’s pretty much the C-suite are getting out seemingly as fast as they can.” Carvana is trading at $341 at time of writing. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Wall Street Contrarian Jim Chanos Reveals Big Shorts, Says He’s Betting Against Stock That’s Up 7,961% in 30 Months appeared first on The Daily Hodl .
Elon Musk’s recent hint at porting Bitcoin signals a potential strategic shift in cryptocurrency utilization, emphasizing innovation and broader blockchain integration. This move could transform Bitcoin from a primarily transactional
Bitcoin is showing signs of recovery after a brief but sharp dip triggered by recent market turbulence linked to public tensions between Donald Trump and Elon Musk. The price of BTC had dropped to nearly $100,000 during the height of the reaction, but has since rebounded. At the time of writing, Bitcoin is trading at $104,891, marking a steady recovery from the 24-hour low. While the broader crypto market continues to digest the fallout, new data suggests that another force, miner activity, is beginning to shape the near-term outlook. Related Reading: Bitcoin Pullback or Setup? On-Chain Metrics Hint at What’s Coming Next Bitcoin Surge in Miner Inflows Could Pressure Price Action According to on-chain analytics published by CryptoQuant contributor CryptoOnchain, Bitcoin miners have dramatically increased the volume of BTC transferred to exchanges. Between May 19 and May 28, miner-to-exchange inflows exceeded $1 billion per day, levels not seen in previous market cycles. These inflows are often viewed as a proxy for miners’ intent to sell, which could influence short-term supply dynamics and introduce added volatility to BTC’s spot market performance. The rise in realized inflows from miners to exchanges is interpreted as a sign of growing sell-side pressure. Since miners are key liquidity providers in the Bitcoin ecosystem, large-scale transfers to exchanges are typically seen as preparations to offload BTC. Historically, spikes in miner outflows have preceded periods of downward price pressure, particularly when they occur alongside fragile market conditions. CryptoOnchain emphasizes that while miner selling isn’t inherently negative, it can impact short-term price stability. As a result, traders and investors often monitor these flows to better assess potential risks. When miner inflows surge, it reflects the sector’s sentiment regarding profitability, operational stress, or anticipated price changes. CryptoOnchain noted: Paying close attention to these inflows—especially during historical peaks like the current phase—can help with risk management and more informed trading decisions. Hash Ribbon Signal Suggests Longer-Term Opportunity Amid rising sell pressure, another indicator is flashing a potential opportunity. CryptoQuant analyst Darkfost noted that Bitcoin’s Hash Ribbons indicator, a metric derived from comparing 30-day and 60-day moving averages of network hashrate, has recently produced a new buy signal. This metric is used to evaluate miner stress and recovery phases, and is generally interpreted as a signal that miners have gone through a period of capitulation and are now stabilizing or recovering. This signal has historically aligned with favorable long-term entry points, except in unique events like China’s 2021 mining ban. While the short-term effects of mining stress may contribute to price weakness, analysts suggest that these periods often set the stage for longer-term rallies. When miner capitulation resolves, it can clear excess supply from the market and establish stronger support levels. Featured image created with DALL-E, Chart from TradingView
Is Bitcoin on the verge of breaking free from volatility to dominate mainstream finance?
On-chain data shows the Bitcoin Market Value to Realized Value (MVRV) Ratio has formed a cross that may be considered a bearish signal. Bitcoin MVRV Ratio Has Declined Under 200-Day SMA Recently As pointed out by analyst Ali Martinez in a new post on X, the Bitcoin MVRV Ratio has crossed below its 200-day simple moving average (SMA) recently. The “ MVRV Ratio ” refers to an on-chain indicator that measures the ratio between the BTC Market Cap and Realized Cap. The Realized Cap here is a capitalization model for the cryptocurrency that calculates the total value of the asset’s supply by assuming the ‘real’ value of each individual token to be equal to the spot price at which it was last moved on the blockchain. This model is different from the usual Market Cap , which simply takes the value of all tokens equal to the current spot price. Since the last transfer of any coin is likely to represent the last time it changed hands, the price at its time could be considered as its current cost basis. As such, the Realized Cap is just a sum of the acquisition price of all tokens in circulation. One way to interpret the model is as a measure of the total amount of capital that the investors have put into Bitcoin. On the other hand, the Market Cap can be looked at as the value the holders are carrying in the present. Since the MVRV Ratio compares the two models, it basically tells us about the profit-loss situation of the investors as a whole. Below is the chart shared by the analyst that shows the trend in this indicator, as well as its 200-day SMA, over the past year. As is visible in the graph, the Bitcoin MVRV Ratio has been notably above the 0% mark recently, which suggests the investors as a whole have been sitting on significant profit. The metric naturally went up as the asset’s rally earlier took the price to a new all-time high (ATH) and it managed to surpass as 200-day MA. Recently, however, the bearish turn in the coin has meant that the indicator has fallen back under the line. The last time that the MVRV Ratio dropped below its 200-day SMA was in February. From the chart, it’s apparent that this crossover proved to be bearish for the cryptocurrency. It now remains to be seen whether this same type of crossover will end up proving another bad omen for Bitcoin or not. BTC Price At the time of writing, Bitcoin is trading around $105,000, down 1% in the last week.
Michael Saylor, executive chairman of Strategy, highlights the company’s exceptional performance driven by Bitcoin’s growth, surpassing major tech giants and traditional assets. Strategy’s stock (MSTR) has doubled Tesla’s returns over
ALEX Protocol suffered a significant security breach on June 6, 2025, resulting in a loss of $8.37 million due to a vulnerability in its self-listing verification process on the Stacks
BitcoinWorld CFTC: Crucial Feedback Highlights Future of 24/7 Crypto Trading The world of cryptocurrency never sleeps, and neither do its markets. This inherent 24/7 nature presents unique challenges and opportunities, especially when it comes to regulatory oversight. Recently, Acting CFTC Chairwoman Caroline Pham shed light on a fascinating development: all public feedback received regarding the potential for 24/7 derivatives trading was exclusively focused on crypto products. This isn’t just a technical detail; it’s a crucial signal about the future direction of digital asset regulation and financial market oversight. Why is 24/7 Crypto Trading Different? Unlike traditional financial markets, which operate on fixed schedules (think stock exchanges closing for the day), the cryptocurrency market is truly global and non-stop. This fundamental difference is at the heart of the conversation around 24/7 trading for derivatives. When the CFTC, the U.S. regulator for derivatives markets, solicited public comments on potentially moving towards a 24/7 trading model, the response highlighted where the real demand and practical considerations lie: in the crypto space. Here’s a quick comparison: Feature Traditional Finance (TradFi) Crypto Markets Trading Hours Fixed, limited (e.g., 9:30 AM – 4:00 PM EST for NYSE) 24/7, non-stop globally Underlying Assets Stocks, bonds, commodities, fiat currencies Cryptocurrencies (Bitcoin, Ethereum, etc.) Market Access Often restricted to exchange hours Global, accessible anytime (internet permitting) Regulatory Model Established frameworks built around fixed hours Evolving frameworks adapting to 24/7 nature This constant activity in crypto markets means that events happening overnight or on weekends can have immediate and significant impacts on prices and market conditions. This brings us to the critical point raised by Chairwoman Pham. CFTC and the Push for Real-Time Risk Management According to Eleanor Terrett, host of Crypto In America, Chairwoman Pham specifically noted that 24/7 trading offers clear advantages, particularly from a risk management perspective. In a market that can react instantly to global news, technological developments, or regulatory announcements, having the ability to trade derivatives around the clock allows participants to manage their exposure in real time. Think about it: if a major news event breaks at 2 AM on a Sunday, a market participant holding a crypto derivatives position might face significant risk exposure if they have to wait until Monday morning to adjust their hedge or close their position. 24/7 trading capability would allow for immediate action, potentially mitigating losses and improving overall market stability by allowing for continuous price discovery and risk transfer. The CFTC’s interest in this topic isn’t new. They announced they were soliciting public comments on 24/7 derivatives trading back in April. This proactive step shows the regulator is grappling with how to oversee markets that don’t fit the traditional mold of scheduled trading hours. The fact that the feedback focused solely on crypto derivatives underscores that the industry sees this as a necessity driven by the very nature of digital assets. Why Only Crypto Derivatives? Exploring the Feedback The revelation that feedback on 24/7 trading proposals was limited to crypto-based products and didn’t involve TradFi products is telling. It suggests that while the CFTC cast a wide net, the industry response highlighted that the practical need and infrastructure readiness for 24/7 derivatives trading currently reside almost exclusively within the crypto ecosystem. Why might this be the case? Native 24/7 Infrastructure: Crypto exchanges and trading platforms were built from the ground up to operate non-stop. Their underlying technology, staffing models, and operational procedures are designed for continuous activity. Market Volatility: The inherent volatility of crypto markets makes the ability to react instantly to events more critical than in many traditional asset classes. Global Nature: Crypto markets are truly global, with significant trading activity occurring across all time zones. A 24/7 model aligns with this global participant base. TradFi Legacy Systems: Traditional financial infrastructure, while robust, is often built upon legacy systems and operational models that are deeply tied to fixed trading hours and clearing cycles. Shifting these systems to 24/7 operation would be a monumental and costly undertaking, potentially lacking the immediate market demand seen in crypto. This feedback provides the CFTC with clear direction: the immediate regulatory and infrastructure questions surrounding 24/7 derivatives trading are primarily relevant to the rapidly evolving 24/7 crypto trading landscape. Implications for Digital Asset Regulation and Financial Market Oversight What does this mean for the future? The fact that public input is steering the conversation towards crypto indicates that regulators like the CFTC are increasingly focusing their attention and resources on understanding and overseeing digital assets. This isn’t just about trading hours; it’s about developing comprehensive digital asset regulation that accounts for the unique characteristics of this market. Key areas the CFTC and other regulators will likely need to address include: Surveillance and Market Integrity: How to effectively monitor a market for manipulation or misconduct when it never closes. Clearing and Settlement: Adapting clearing and settlement processes, traditionally tied to daily cycles, for continuous operation. Cybersecurity: Ensuring the security of platforms operating 24/7 against constant threats. Coordination: Harmonizing regulatory approaches across different jurisdictions, given the global nature of 24/7 markets. Investor Protection: Ensuring adequate safeguards for participants trading around the clock. The feedback on 24/7 trading is a microcosm of the larger challenge facing regulators: how to apply existing frameworks or create new ones for markets that operate fundamentally differently from those they have overseen for decades. The focus on crypto in the feedback suggests that this is where the most pressing needs and potential innovations lie for evolving financial market oversight . Actionable Insights for the Crypto Ecosystem For participants in the crypto market, this development offers several insights: Regulation is Coming, and it’s Tailored: Regulators are actively seeking input on how to best oversee crypto’s unique features. Engaging with these comment periods is vital for the industry to help shape effective regulation. Infrastructure Matters: The ability of crypto platforms to support 24/7 operations is a key differentiator and will likely be a focus for regulatory requirements. Risk Management is Paramount: The emphasis on risk management in the context of 24/7 trading highlights its importance. Platforms and participants should prioritize robust risk frameworks. Derivatives are a Key Focus: The CFTC’s jurisdiction over derivatives means that this area of the crypto market will continue to be under scrutiny and development. The conversation around 24/7 trading for crypto derivatives is a clear indicator that the integration of digital assets into the broader financial system is progressing, bringing with it the need for sophisticated regulatory approaches. Conclusion: A Glimpse into the Future of Digital Finance Acting CFTC Chairwoman Caroline Pham’s comments reveal that the regulatory dialogue around the practicalities of modern trading is being driven by the unique characteristics of the crypto market. The fact that feedback on 24/7 derivatives trading was exclusively focused on crypto products underscores the inherent differences between digital asset markets and traditional finance, as well as where the immediate challenges and opportunities for regulatory evolution lie. This isn’t just about keeping the lights on; it’s about developing effective risk management, market integrity, and financial market oversight models for a global, always-on financial future. The CFTC’s engagement and the industry’s focused feedback are crucial steps in building the necessary regulatory infrastructure for the growing world of crypto derivatives and the broader landscape of digital asset regulation . To learn more about the latest crypto regulation trends, explore our article on key developments shaping digital asset regulation institutional adoption. This post CFTC: Crucial Feedback Highlights Future of 24/7 Crypto Trading first appeared on BitcoinWorld and is written by Editorial Team
Michael Saylor reveals how MSTR has surpassed world’s biggest companies and assets
Former President Donald Trump is set to announce his preferred candidate for the Federal Reserve chairmanship, signaling a potential shift toward lower interest rates that could impact financial and crypto