While Bitcoin continues to dominate the crypto market and break new records, altcoins seem to be quietly waiting in the shadows. But according to top crypto analysts, that wait might be almost over, and what’s coming next could feel like a massive wave for altcoins. The Calm Before the Altcoin Storm? When markets are quiet, …
Cork Protocol, a DeFi venue for trading depeg events, paused its contracts after exploits withdrew some $12 million in wrapped staked ether.
Coinbase just helped take down a million-dollar global crypto scam, but not without catching some heat of its own. In a major coordinated effort, the crypto exchange worked with U.S. authorities to stop a phishing operation that stole more than $20 million in crypto using fake versions of its own website. This was a polished, …
Dogecoin has yet to hit its previous $0.74 all-time high from 2021, but nevertheless, $1 has remained the target for the altcoin this cycle. This is due to the expectation of another altcoin season that could send the price on a similar run that was seen in 2021. However, if the Dogecoin price were to actually see a repeat of what happened in the past two previous bull cycles, then the $1 mark may only be a starting point, given how high the price could go. Dogecoin Price Mirroring Past Cycles Crypto analyst Trader Tardigrade has noticed an eerily similar pattern on the Dogecoin price chart that could suggest a rapid upward movement is coming. This pattern is similar to what was seen in the last two bullish cycles, right as the meme coin’s price was preparing for lift-off. Related Reading: Cardano: Elliot Wave Predicts 50% Crash For ADA Price, Is It Time To Get Out As the chart shows, this pattern first emerged leading up to the bullish rally in 2017. It starts out a couple of years before as the altcoin’s price makes lower peaks and then trends down for a retest. After this, there is a period of consolidation before the trend is broken and an upward rally begins. In the 2017-2018 bull market, this pattern saw the Dogecoin price rally by more than 2,000%, going from below $0.00018 to above $0.0075 in a matter of months. Then again, in the 2020-2021 bull market, a similar pattern had formed right before the rally, ending in a breakout from consolidation. Interestingly, this time around, the resulting breakout was even more prominent, with the meme coin’s price rising by more than 30,000%. This saw a range from below $0.002 to above $0.73 in a matter of months. This is still the highest level that the Dogecoin price has reached so far. Once again, a similar pattern has emerged, and it looks like Dogecoin is on the brink of the next breakout. Going by the previous cycle performances and the steady uptrend, it is possible that the current breakout will see a higher ROI than previous cycles. But, there are now market cap constraints on how high the meme coin can go. Related Reading: Here’s Why Hyperliquid Hit New ATH At $39 And Why It Could Continue Nevertheless, even if the Dogecoin price were to manage a similar rise like the 2017-2018 cycle, the price would reach $4 minimum from here. Going by the crypto analyst’s chart, though, he expects the Dogecoin price to actually cross the double-digit threshold, putting it as high as $12. However, given Dogecoin’s high supply sitting above 149 billion coins, the possibilities of this happening this cycle are very slim. A $12 price tag would put the meme coin at a market cap above 1.7 trillion, something that even Ethereum, the second-largest cryptocurrency by market cap, has yet to achieve. Featured image from Dall.E, chart from TradingView.com
Sui-based decentralized exchange Cetus may be one step closer to recovering funds lost in a recent exploit, pending the outcome of a community governance vote scheduled to end June 3.Cetus was exploited for over $220 million worth of digital assets on May 22. Shortly after the incident, Cetus managed to freeze $162 million of the funds.In a May 27 post on X, Sui said Cetus had requested a community vote to approve the recovery of the frozen funds. “If the community vote is approved, the funds will be recovered from the attacker and held in a multisig trust account until they can be returned to accounts that had positions in Cetus,” the post said.The vote is part of a broader recovery plan that includes using Cetus’s treasury and securing an emergency loan from the Sui Foundation. Source: SuiThe ability of Sui validators to freeze the funds has sparked debate within the community, with some users criticizing the centralization risk and others praising the rapid response as a positive step for security.Related: Hoskinson promises audit, is ‘deeply hurt’ by $600M Cardano treasury claimsSui (SUI) tokenholders can stake their delegated tokens to a validator that votes in line with their preference.Sui community votes for frozen Cetus funds. Source: SuiAt the time of writing, 52.9% of validators had voted in favor, while 46.7% have yet to cast their votes, Sui blockchain explorer data showed. Related: Metaplanet’s Bitcoin ‘premium’ nears $600K per BTCCetus asks for Sui Foundation emergency loanCetus has also requested an emergency loan from Sui, along with validator and community support for the return of the stolen funds.Cetus is now in a position to “fully cover the stolen assets” if the locked funds are recovered through the ongoing community vote.“This includes a critical loan from the Sui Foundation, making a 100% recovery for all affected users possible,” Cetus said in a May 27 X post.Source: CetusRegardless of the vote’s outcome, Cetus said a recovery process would begin immediately. The protocol plans to publish a detailed plan outlining next steps for affected users.Magazine: AI cures blindness, ‘good’ propaganda bots, OpenAI doomsday bunker: AI Eye
The operation to dismantle Matrix Chain saw "many elite officers and soldiers" working around the clock for 200 days.
Texas legislators have moved closer to formalizing a Bitcoin reserve for the state. On May 27, a joint Conference Committee composed of House and Senate lawmakers reached an agreement on the final version of Senate Bill 21 (SB 21), dubbed the Texas Strategic Bitcoin Reserve Act. According to the committee, one of the most significant […]
The post Texas lawmakers finalize details on Bitcoin reserve, removes staking ahead of final vote appeared first on CryptoSlate.
Euler has introduced EulerSwap, a new decentralized exchange that fuses automated market-making with lending infrastructure.
Ether is forming an ascending triangle pattern, suggesting a potential rise above $3,000.
The SEC has officially moved forward in reviewing Cboe BZX Exchange’s proposal to list the WisdomTree XRP Fund. This fund aims to track XRP’s spot price using the CME CF Ripple-Dollar Reference Rate. The SEC has entered a new evaluation phase to decide if the fund meets legal standards under the Securities Exchange Act of …
Japanese investment company Metaplanet is raising $50 million through a private placement of zero-interest bonds as part of its strategy to increase its Bitcoin exposure. In a May 28 announcement, the company said it was raising $50 million through bonds. The bonds are issued in $1.25 million denominations and carry no interest. Investors will not receive regular payments, with any potential profit expected to come from the bonds’ redemption value.Evo Fund, a Cayman Islands-based investment firm, will be the sole bondholder. The investment company has been Metaplanet’s primary backer for its Bitcoin acquisition strategy, subscribing to multiple rounds of Metaplanet’s zero-interest bonds, providing capital for its Bitcoin (BTC) buys.The bonds are unsecured and not guaranteed, with neither a bond administrator nor collateral. This reflects the high degree of trust between the two companies. It also shows confidence in BTC’s long-term outlook as Metaplanet continues to increase its holdings. Excerpt of Metaplanet’s announcement to issue zero-interest bonds to buy Bitcoin. Source: MetaplanetMetaplanet expects minimal impact on 2025 resultsMetaplanet said it expects the issuance to have minimal impact on its 2025 financial results, though it will disclose further developments if needed. Metaplanet’s push into Bitcoin highlights a growing trend among companies seeking alternatives to fiat-based treasury strategies. The move follows Metaplanet’s second-biggest BTC purchase, scooping up 1,004 Bitcoin worth over $100 million. This pushed the company’s Bitcoin holdings to 7,800 BTC, worth over $800 million. According to BitcoinTreasuries.NET, Metaplanet is up by nearly 20% on its Bitcoin investments. Metaplanet’s Bitcoin strategy has also given its stock price a boost. On May 27, 10x Research reported that Metaplanet’s stock trades as if its Bitcoin were worth five times its actual price. The research company said investors in the company are “dramatically overpaying for their Bitcoin exposure.”Related: Bitcoin treasury pivot lifts luxury watchmaker’s stock more than 60%Bitcoin Treasury strategy attracts criticismWith the rise of Bitcoin treasury companies’ stock prices, getting Bitcoin exposure through corporate wrappers has attracted criticism from well-known investor Jim Chanos. At the Sohn Investment Conference in New York, Chanos said he’s selling Strategy stock to buy Bitcoin. Chanos’ move assumes investors are overpaying for BTC exposure through Strategy and others that follow the blueprint. The investor’s move assumes that purchasing Bitcoin directly would be more profitable than purchasing stocks for indirect Bitcoin exposure. Magazine: Can Off the Grid survive Steam’s crypto ban? Rage over Maplestory cheaters: Web3 Game
Divergence grows amid mNAV compression and a shift in Strategy's funding approach for bitcoin accumulation
XRP’s legal status is slowly getting less complex. Backed by strong community support, its steady price action shows growing confidence among investors. People who once doubted XRP are now flipping their views. Altcoin Daily’s Changed Tune On XRP At the Bitcoin Conference 2025 in Las Vegas, the Altcoin Daily team said, “The XRP community and …
On May 22, Cetus, the leading decentralized exchange on the Sui blockchain, was hacked, losing around $223 million. The attack involved fake tokens that manipulated the platform’s price system. Within hours, $60 million was moved to Ethereum, but Sui validators acted quickly and froze about $162 million. In response, Cetus and the Sui Foundation worked …
The crypto market is entering a decisive week, with Bitcoin testing key support levels and traders closely monitoring Nvidia’s earnings and the Federal Reserve’s meeting minutes for potential catalysts. Alongside Bitcoin, XRP and Solana are also showing key technical setups. Bitcoin Holds at $108K Amid Profit-Taking Pressure Bitcoin is consolidating above $108,900, supported by a …
The SEC is evaluating whether a proposed XRP ETF by WisdomTree offers enough investor protection and safeguards against manipulation.
Following a notable performance over the past 24 hours, Ethereum (ETH) is attempting to reclaim a key level as support. Some analysts suggest a breakout toward the $3,000 mark could be coming if the $2,600 mark holds. Related Reading: Bitcoin (BTC) To Continue Price Discovery Rally If It Holds These Levels – Analyst Ethereum Prepares For Massive Breakout On Tuesday, Ethereum surged to the $2,700 resistance after a 6.3% price jump in the daily timeframe. The cryptocurrency climbed from the $2,500 support zone toward the recent resistance level, hitting the $2,712 mark before retracing. ETH has been unable to cross this zone after recording its three-month high of $2,738 two weeks ago, halting its retest of higher horizontal levels. Notably, the King of Altcoins has surged over 50% in the past month and around 98% from April’s lows. Amid the May crypto market rally, which saw Bitcoin hit a new All-Time High (ATH) of $111,953 last week, Ethereum has traded sideways for most of the month, hovering between the $2,450-$2,600 price range. Nonetheless, ETH has outperformed Bitcoin so far during the second quarter, registering a 47.78% increase since April started. Analyst The Cryptonomist pointed out that Ethereum has broken above the $2,600 level, signaling that a reclaim of this level could conclude ETH’s sideways action between its current price range and propel its price toward the $3,400 mark. Similarly, Crypto Bullet affirmed that ETH is “about to break out and fill the big CME Gap.” According to the chart, the Altcoin appears to be forming a symmetrical triangle over the past few weeks, and is currently attempting to break out from the formation. A successful breakout and retest of the $2,700 level could send ETH’s price to the CME GAP levels, between $2,900 and $3,350, which other analysts also believe will be filled soon. ETH Dominance To Surge In June? Meanwhile, analyst Rekt Capital noted that Ethereum Dominance is “showcasing initial signs of trying to hold the ~9% level as support,” suggesting a potential bullish performance in June. As the analyst explained, ETH dominance has bounced since dropping to new All-Time Lows (ATL) last month, playing out “the full extent of its September 2019 upside.” Keeping this level as support could propel the cryptocurrency to a more market-dominant performance next month, resembling its 2019 playbook. Related Reading: Indecisive Close For Litecoin, But The Real Story Lies In BTC.D’s Next Move Market watcher Merlijn The Trader affirmed that Ethereum’s chart “is screaming bullish,” showing a multi-year base and “clean” bullish pennant pattern. To the trader, this setup could launch the cryptocurrency to a long-term target of $8,000 after breaking above the $3,000 mark. Additionally, ETH is preparing for the cycle’s “final pump,” according to Merlijn, based on its previous performances. He pointed out that Ethereum “goes vertical” after breaking its previous high every cycle. As of this writing, Ethereum trades at $2,686, an 8.8% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
The Sui community has voted to return stolen assets from the Cetus Protocol, with nearly 53% supporting the proposal. Following the decision, a multisig wallet managed by the Sui Foundation and OtterSec will recover and transfer approximately $162 million in frozen funds from the attacker’s address. This action is a key step toward rebuilding trust …
Bitcoin's spot price recently reached record highs above $110,000.
The Bitcoin Conference 2025 sparked a new wave of market optimism, led by high-profile appearances from crypto pioneers Tyler and Cameron Winklevoss. Sharing the stage with prominent journalists, the Winklevoss twins drew attention for their bold forecast of Bitcoin’s future value. Winklevoss Twins Predict $1M Bitcoin During the event, the twins predicted that Bitcoin could …
At the ongoing Bitcoin Conference 2025 in Las Vegas, a bold statement from one of Wall Street’s biggest names is making waves. Robert Mitchnick, Managing Director at BlackRock, said that Bitcoin offers “much higher upside than gold and lower downside,” strengthening the idea that Bitcoin is maturing as a mainstream investment asset. Bitcoin vs. Gold: …
Bitcoin crossed the six-figure line for the first time this year in March and spent April drifting near the high $90,000 area. May opened at $96,505 and on May 22 printed a new record at $111,700, a 15.7 % advance in three weeks. Since then, the price has been hovering above $107,000, while turnover on […]
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Discussing the policies already enacted by the Trump administration, Sacks also claimed it could achieve its crypto agenda by August.
White House AI and crypto czar David Sacks says the US could buy more Bitcoin if the government can fund the purchase in a “budget-neutral” way without a tax or adding to the growing national debt.Sacks told Gemini co-founders Cameron and Tyler Winklevoss during a May 27 fireside chat at the Bitcoin 2025 conference that while he “can’t promise anything,” a pathway does exist for the government to buy more Bitcoin (BTC).However, it would require convincing Commerce Secretary Howard Lutnick or Treasury Secretary Scott Besson to OK the buy and fund it “without a new tax or adding to the debt,” Sacks said, adding that “maybe by finding the money from some other program that’s not using it — then we could potentially acquire more Bitcoin.”David Sacks said the US could buy more Bitcoin, but he can’t make any promises. Source: YouTube“The question is, can we get either the Treasury Department or the Commerce Department to get excited about that because if they do and they can figure out how to fund it, they actually do have presidential authorization,” Sacks said.US can buy Bitcoin if it doesn’t sting budget The March 6 executive order authorizing the creation of a crypto reserve states it will hold any Bitcoin forfeited as part of criminal or civil asset forfeiture.Sacks noted part of the executive order “allows the government to purchase more” if it’s “done in a budget-neutral” way.“Specifically, if either the Commerce Department or the Treasury Department can figure out how to fund it without adding to the debt, then they are allowed to create those programs,” he said.The US holds approximately 198,012 Bitcoin, according to an April report from CoinGecko, worth over $21 billion at current prices.Related: Trump supports bill to buy 1 million BTC — Senator LummisMost of its holdings came from two seizures connected to the online marketplace Silk Road, one in November 2020 that netted 69,370 Bitcoin, and another in March 2022 that saw authorities seize 51,351 Bitcoin.The US also seized 94,636 Bitcoin from Bitfinex hacker Ilya Lichtenstein on Jan. 31, 2022, after authorities hacked into his cloud storage account, which contained a file holding around 2,000 crypto wallet addresses and corresponding private keys.In January, the US Department of Justice received the green light to sell 198,109 Bitcoin. Previously, the government sold a small portion of its holdings in March 2023, when it offloaded 9,861 Bitcoin for $215.7 million. Magazine: Bitcoin payments are being undermined by centralized stablecoins
GameStop has followed through on plans to establish a corporate BTC treasury, purchasing 4,710 bitcoins for an undisclosed amount.
Australia’s markets regulator has filed civil proceedings against Liang “Allan” Guo, the former director of Blockchain Global. Guo will face the court on “allegations relating to multiple breaches of his directors’ duties,” the Australian Securities and Investments Commission said in a May 28 press release.ASIC alleged Guo made multiple breaches of directors’ duties relating to his dealings with ACX Exchange customer funds, and claimed he made false and misleading statements about those dealings and failed to maintain proper books and records. The now-liquidated Blockchain Global operated the ACX Exchange from mid-2016 until December 2019, when it collapsed as customers could no longer withdraw their assets. During liquidator’s examinations in 2022, the courts were told that ACX exchange took the cash invested by its customers to buy crypto and mingled the funds into one pooled fund, the Sydney Morning Herald reported at the time. The liquidators of Blockchain Global estimate that the company owed over 20 million Australian dollars ($12.8 million) in unsecured creditor claims to former customers of the ACX Exchange, ASIC said.In November 2023, liquidators reported that Blockchain Global had 58.6 million Australian dollars ($37.7 million) owed to unsecured creditors. Of that total, 22.7 million Australian dollars ($14.6 million) were unsecured creditor claims received from former customers of the crypto exchange.Guo not in country, ASIC saysASIC said it began investigating Blockchain Global in January 2024 following the liquidators’ report. Related: Australia outlines crypto regulation plan, promises action on debankingGuo was banned from leaving the country as the regulator investigated whether he committed any criminal offences, including transferring money from the collapsed exchange to pay his mortgage.Guo left Australia in September 2024 after travel restraint orders expired, and he hasn’t returned, it noted. Meanwhile, ASIC is seeking the High Court’s permission to appeal a lower court’s ruling in favor of fintech firm Block Earner in a separate case. The regulator claimed the crypto company’s fixed-yield earning service was not a financial product.Magazine: Bitcoin bears eye $69K, CZ denies WLF ‘fixer’ rumors: Hodler’s Digest
The price drop follows a meteoric rally from $165 to $420.
A crypto trader has pushed back against claims that altcoin season is already over, arguing that it hasn’t even started yet, as many tokens are still near their local price bottoms.“I don’t understand why people start claiming that a bear market is around the corner,” MN Trading Capital founder Michaël van de Poppe said in a May 28 X post.Calls for altcoin season mount“They are literally on the bottom,” van de Poppe added before stating that the “final easy 12-24 months are coming.” While many altcoins have posted gains over the past 30 days, they remain below their levels from the market uptrend until US President Donald Trump’s inauguration in January.Solana (SOL) posted 17.84% gains over the past 30 days, trading at $175.17, but is still down 32% since Jan. 19, according to CoinMarketCap. Meanwhile, XRP (XRP) posted gains of 1.98%, trading at $2.31, but is still down 29.35% since Jan. 19.Solana reached an all-time high of $261 on Jan. 19 amid the launch of the Official Trump coin. Source: CoinMarketCapVan de Poppe’s claim comes after Bitcoin (BTC) traders have recently been calling for a pullback after it reached its $111,970 all-time high and seven green weekly candles. Other analysts have echoed similar sentiments to van de Poppe.“Soon, Altcoins will turn into a wildfire,” crypto trader Davinci Jeremie said. Meanwhile, crypto trader Moustache said that “altseason isn’t just a meme. It’s coming ladies & gentleman.” Related: Altcoins’ roaring returns and falling USDT stablecoin dominance suggest ‘altseason’ is hereMany crypto market participants believe that the altcoin season will begin after Ether (ETH) has a period of outperformance relative to Bitcoin. The ETH/BTC ratio is 0.02430, up 26.74% over the past 30 days, according to TradingView data.The ETH/BTC ratio is up 26.74% over the past 30 days. Source: TradingViewHowever, CoinMarketCap’s Altcoin Season Index — which tracks the performance of the top 100 altcoins relative to Bitcoin over the past 90 days — still shows the market leaning toward Bitcoin, with a 24 out of 100 score.Fartcoin (FARTCOIN) led the top 100 cryptocurrencies in gains over the past 90 days with a 316.72% increase, followed by Four (FORM) at 148.15% and Virtuals Protocol (VIRTUAL) at 107.47%.Magazine: AI cures blindness, ‘good’ propaganda bots, OpenAI doomsday bunker: AI EyeThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
A crypto trader has pushed back against claims that altcoin season is already over, arguing that it hasn’t even started yet, as many tokens are still near their local price bottoms.“I don’t understand why people start claiming that a bear market is around the corner,” MN Trading Capital founder Michaël van de Poppe said in a May 28 X post.Calls for altcoin season mount“They are literally on the bottom,” van de Poppe added before stating that the “final easy 12-24 months are coming.” While many altcoins have posted gains over the past 30 days, they remain below their levels from the market uptrend until US President Donald Trump’s inauguration in January.Solana (SOL) posted 17.84% gains over the past 30 days, trading at $175.17, but is still down 32% since Jan. 19, according to CoinMarketCap. Meanwhile, XRP (XRP) posted gains of 1.98%, trading at $2.31, but is still down 29.35% since Jan. 19.Solana reached an all-time high of $261 on Jan. 19 amid the launch of the Official Trump coin. Source: CoinMarketCapVan de Poppe’s claim comes after Bitcoin (BTC) traders have recently been calling for a pullback after it reached its $111,970 all-time high and seven green weekly candles. Other analysts have echoed similar sentiments to van de Poppe.“Soon, Altcoins will turn into a wildfire,” crypto trader Davinci Jeremie said. Meanwhile, crypto trader Moustache said that “altseason isn’t just a meme. It’s coming ladies & gentleman.” Related: Altcoins’ roaring returns and falling USDT stablecoin dominance suggest ‘altseason’ is hereMany crypto market participants believe that the altcoin season will begin after Ether (ETH) has a period of outperformance relative to Bitcoin. The ETH/BTC ratio is 0.02430, up 26.74% over the past 30 days, according to TradingView data.The ETH/BTC ratio is up 26.74% over the past 30 days. Source: TradingViewHowever, CoinMarketCap’s Altcoin Season Index — which tracks the performance of the top 100 altcoins relative to Bitcoin over the past 90 days — still shows the market leaning toward Bitcoin, with a 24 out of 100 score.Fartcoin (FARTCOIN) led the top 100 cryptocurrencies in gains over the past 90 days with a 316.72% increase, followed by Four (FORM) at 148.15% and Virtuals Protocol (VIRTUAL) at 107.47%.Magazine: AI cures blindness, ‘good’ propaganda bots, OpenAI doomsday bunker: AI EyeThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
At the Bitcoin 2025 conference, David Sacks, the White House’s AI and crypto czar, had a discussion with Gemini co-founders Cameron and Tyler Winklevoss about Trump’s strong pro-Bitcoin moves. “I don’t want to measure what we accomplished exactly through price levels, I want to measure it through innovation levels. I noticed that BTC just set …