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Ethereum flashes ‘altseason’ signal as ETH price eyes $4.1K


Key takeaways:Ethereum has reclaimed a key level that preceded 100%+ rallies and triggered past altseasons.Altcoin market cap could surge toward $15 trillion if Bitcoin dominance repeats its post-halving drop.Despite bullish signals, ETH remains fragile, with $123B in supply near cost basis at risk...

Ethereum flashes ‘altseason’ signal as ETH price eyes $4.1K


Key takeaways:Ethereum has reclaimed a key level that preceded 100%+ rallies and triggered past altseasons.Altcoin market cap could surge toward $15 trillion if Bitcoin dominance repeats its post-halving drop.Despite bullish signals, ETH remains fragile, with $123B in supply near cost basis at risk...

Ethereum flashes ‘altseason’ signal as ETH price eyes $4.1K


Key takeaways:Ethereum has reclaimed a key level that preceded 100%+ rallies and triggered past altseasons.Altcoin market cap could surge toward $15 trillion if Bitcoin dominance repeats its post-halving drop.Despite bullish signals, ETH remains fragile, with $123B in supply near cost basis at risk...

The crypto market values chains more than standalone applications


Opinion by: Hatu Sheikh, founder of Coin TerminalAlthough blockchains and DApps are critical, crypto industry stakeholders often prioritize applications based on adoption principles and revenue distribution. DApps won't function without their underlying chains. The markets must uphold blockchains...

Senate stablecoin vote splits Democrats amid concerns over corruption


US Senate Democrats are getting flak after they helped move stablecoin legislation ahead for discussion on the Senate floor.On May 19, 16 Democratic senators broke from the party line to pass a motion to invoke cloture, which will now set the bill up for debate on the Senate floor. Some of the same...

Robinhood proposes SEC rules for tokenized real-world assets


Robinhood submitted a 42-page proposal to the US Securities and Exchange Commission (SEC), calling for a national framework to regulate tokenized real-world assets (RWAs).The brokerage is seeking to modernize financial infrastructure by making tokenized assets legally equivalent to their...

Kraken expands in Europe with regulated crypto derivatives


Cryptocurrency exchange Kraken announced the launch of regulated derivatives trading on its platform under the European Union’s Markets in Financial Instruments Directive (MiFID II).According to a May 20 announcement, Kraken’s perpetual and fixed maturity crypto futures contracts will...

Circle co-founder to create ‘AI-native’ bank after $18M raise


Circle co-founder and Catena Labs CEO Sean Neville has launched a project that aims to develop a financial institution that natively leverages artificial intelligence. On May 20, Catena Labs, the company building an “AI-native financial institution,” announced that it secured...

German gov’t missed out on $2.3B profit after selling Bitcoin at $57K


The German government missed out on more than $2 billion worth of Bitcoin profit after selling its holdings in 2024, according to blockchain intelligence firm Arkham.A “German Government (BKA)” labeled cryptocurrency wallet sold 49,858 Bitcoin (BTC) worth over $2.89 billion at...

Avalanche-backed Fusion launches with $100M to boost blockchain adoption


Avalanche, Helix and Faculty Group have launched Fusion, a new blockchain ecosystem aimed at driving real-world adoption through modular infrastructure tailored to specific industries.Built on Avalanche, Fusion features a two-layer architecture that includes composers, customizable layer-1...

India’s Supreme Court urges government to regulate cryptocurrency


India’s Supreme Court questioned the government’s lack of regulatory clarity on cryptocurrencies despite imposing taxes on digital assets like Bitcoin.According to the Indian legal news outlet LawChakra, the country’s Supreme Court expressed concern over the increasing use...

Vitalik Buterin proposes partially stateless nodes for Ethereum scaling


Ethereum co-founder Vitalik Buterin unveiled a proposal to preserve trustless, censorship-resistant access to Ethereum, even as the network scales. On May 19, Buterin shared a post outlining how to make Ethereum’s layer-1 scaling “more friendly” to users running local nodes...

Metaplanet scoops 1,004 Bitcoin in 2nd-biggest buy ever


Japanese investment firm Metaplanet has made its second-largest single Bitcoin purchase ever, scooping up more than 1,000 Bitcoin as the cryptocurrency came within 3% of its all-time high.Metaplanet said on May 19 that it purchased 1,004 Bitcoin (BTC) for a total cost of around 15.2 billion...

Coinbase hit with wave of lawsuits over customer data breaches


Coinbase has been hit with a flood of lawsuits after it recently disclosed its user data was breached, with users accusing the crypto exchange of mishandling the incident.At least six lawsuits were filed against Coinbase between May 15 and May 16, which all made various claims that the exchange...

Bitcoin notches record weekly close after highest-ever daily close candle


Bitcoin has notched its highest-ever weekly close as crypto market momentum continues and the cryptocurrency is again nearing its all-time high.Bitcoin (BTC) has closed at a weekly gain for the past six weeks in a row, and its most recent close at midnight UTC on May 18 was its highest weekly close...

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