Bitcoin profit taking lingers, but rally to $115K will liquidate $7B shorts

Key takeaways:

Bitcoin could turn parabolic if prices move above $115,000 to liquidate more than $7 billion in short positions.

Onchain indicators enter overheated territory, suggesting prolonged profit-taking from BTC investors.

Bitcoin (BTC) showed strength on May 27, briefly tagging $110,700 after a strong US equities market open and the Trump Media and Technology Group’s announcement that it would raise $2.5 billion for a Bitcoin treasury.

Bitcoin’s bullish momentum aligns with the favorable US financial conditions, as noted by Ecoinometrics. The macroeconomic-focused Bitcoin newsletter highlighted that the National Financial Conditions Index (NFCI) shows a rapid shift to ultra-loose territory after a tightening phase in February 2025.

The NFCI, published by the Federal Reserve Bank of Chicago, tracks stress in the financial system by aggregating measures like credit spreads, leverage, and funding conditions. When the index moves into looser territory, it reflects easier access to capital and reduced market stress—conditions that

Read More at https://cointelegraph.com/news/bitcoin-profit-taking-lingers-but-rally-to-115k-will-liquidate-7b-shorts?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

93% of all Bitcoin is already mined. Here’s what that means

How much Bitcoin is left to mine?

Bitcoin’s total supply is hardcoded at 21 million BTC, a fixed upper limit that cannot be altered without a consensus-breaking change to the protocol. This finite cap is enforced at the protocol level and is central to Bitcoin’s value proposition as a deflationary asset.

As of May 2025, approximately 19.6 million Bitcoin (BTC) have been mined, or about 93.3% of the total supply. That leaves roughly 1.4 million BTC yet to be created, and those remaining coins will be mined very slowly.

The reason for this uneven distribution is Bitcoin’s exponential issuance schedule, governed by an event called the halving. When Bitcoin launched in 2009, the block reward was 50 BTC. Every 210,000 blocks — or approximately every four years — that reward is cut in half. 

Because the early rewards were so large, over 87% of the

Read More at https://cointelegraph.com/explained/93-of-all-bitcoin-is-already-mined-heres-what-that-means?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

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 of flipping into a loss.

Ethereum’s native token, Ether (ETH), has reclaimed a key technical level that has historically preceded sharp price gains and marked the start of an “altseason” across multiple market cycles in the last five years.

ETH price can double in the coming months

The level in question is the mid-line (~$2,600) of the Gaussian Channel—a moving average-based band that tracks long-term momentum—on the 2-week chart.

ETH/USD two-week price chart. Source: TradingView

In 2020-2021, ETH rallied from $400 to over $4,800 after closing above the Gaussian mid-line. A similar move in late 2023 saw ETH climb from below $1,500 to nearly $4,000 within a year.

In both instances, ETH quickly

Read More at https://cointelegraph.com/news/ethereum-flashes-altseason-signal-eth-price-4-1k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

ZKPs can prove I'm old enough without telling you my age

Opinion by: Andre Omietanski, General Counsel, and Amal Ibraymi, Legal Counsel at Aztec Labs

What if you could prove you’re over 18, without revealing your birthday, name, or anything else at all? Zero-knowledge proofs (ZKPs) make this hypothetical a reality and solve one of the key challenges online: verifying age without sacrificing privacy. 

The need for better age verification today

We’re witnessing an uptick in laws being proposed restricting minors’ access to social media and the internet, including in Australia, Florida, and China. To protect minors from inappropriate adult content, platform owners and governments often walk a tightrope between inaction and overreach. 

For example, the state of Louisiana in the US recently enacted a law meant to block minors from viewing porn. Sites required users to upload an ID before viewing content. The Free

Read More at https://cointelegraph.com/news/zkps-can-prove-identity?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

SharpLink launches Ethereum treasury, taps Joe Lubin as board chair

Betting platform SharpLink Gaming has launched an Ethereum-based corporate treasury strategy and nominated Ethereum co-founder Joseph Lubin as chairman of its board of directors, the company announced May 27.

According to the announcement, SharpLink Gaming, a publicly traded company on Nasdaq, entered into a securities purchase agreement for a private investment in public equity worth $425 million. Ethereum infrastructure firm Consensys was among the investors.

“On close, Consensys looks forward to partnering with SharpLink to explore and develop an Ethereum Treasury Strategy and to work with them in their core business as a strategic advisor,” Consensys founder and CEO Lubin said.

SharpLink Gaming’s stock is up approximately 400% at the time of writing, changing hands at nearly $33.50. Trading today started at over $30 after closing under $7 the day before.

SharpLink Gaming stock price chart. Source: Google Finance

A Consensys representative told Cointelegraph that the company will not comment further until the deal is

Read More at https://cointelegraph.com/news/sharplink-ethereum-treasury-joseph-lubin-board-chair?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

What is a cryptocurrency mixer and how does it work?

Cryptocurrency mixers explained

A cryptocurrency mixer is a specialized service designed to increase the privacy and anonymity of blockchain transactions. 

Unlike traditional financial transactions, which are private by default, most cryptocurrencies such as Bitcoin (BTC) and Ether (ETH) operate on public blockchains. This means every transaction is permanently recorded and accessible to anyone, making it possible for blockchain analysts or malicious actors to trace the flow of funds between wallets.

A crypto mixer’s primary function is to break the link between the sender’s wallet and the recipient’s wallet. It does so by pooling together coins from many users and then redistributing them in a way that makes it difficult to track which coins went where. 

Think of it like a digital version of shuffling cards in a deck. After mixing, your cryptocurrency is returned to you or a recipient’s address, but it’s “cleaned” of any direct

Read More at https://cointelegraph.com/explained/what-is-a-cryptocurrency-mixer-and-how-does-it-work?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Bitcoin 2024 conference sparked 30% price crash — Can bulls escape this year?

Key points:

Bitcoin rebounds from another support retest, but fears over a Nashville conference-induced comedown are growing.

The biggest Bitcoin gathering tends to accompany BTC price weakness.

BTC price action can and will continue to experience drawdowns of 10-20%, analysis stresses.

Bitcoin (BTC) circled $110,000 at the May 27 Wall Street open amid concerns over a 30% BTC price crash.

BTC/USD 1-hour chart. Source: Cointelegraph/TradingView
Bitcoin “market memory” may recall 2024 crash

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering after its latest support retest around $107,000.

As large-volume traders took advantage of the volatility, market commentators turned to potential risk factors, these coming from multiple sources.

Uncertainty over US trade tariffs and the return of Wall Street after the Memorial Day holiday combined with the ghost of BTC price losses from a year ago.

In July 2024, the Bitcoin 2024 Conference

Read More at https://cointelegraph.com/news/bitcoin-2024-conference-sparked-30-btc-price-crash-bulls-escape-this-year?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Russian national arrested in South Korea for attempted crypto robbery

South Korean authorities have arrested one of three Russian nationals accused of an attempted robbery during a fake crypto deal in Seoul. The suspects allegedly lured Korean investors to a hotel, where they tried to steal 1 billion won (approximately $730,000) in cash.

The Gangseo Police Precinct in Seoul detained a man in his 20s in Busan on May 27, according to a report by local news outlet JoongAng Daily. The suspect faces charges of assault and attempted robbery. The other two suspects reportedly fled South Korea shortly after the incident.

According to investigators, the robbery attempt occurred on May 21 at a hotel in Seoul’s Gangseo District. The suspects posed as participants in a peer-to-peer crypto transaction and invited 10 Korean men to the hotel.

Two were called to the room while the others waited in the lobby. Inside the room, the suspects — wearing protective vests — ambushed

Read More at https://cointelegraph.com/news/russian-arrested-south-korea-attempted-crypto-robbery?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Solana may be a memecoin ‘one-trick pony’ — Standard Chartered

Layer-1 blockchain Solana may be evolving into a “one-trick pony” for memecoin generation and trading, according to a recent Standard Chartered report.

According to a May 27 Standard Chartered research report shared with Cointelegraph, Solana “dominates in areas that demand high-volume, low-transaction-cost solutions” due to its design prioritizing fast and cheap transaction confirmation. The report suggested that this has had an unintended consequence:

“So far, this has been mostly in memecoin trading, which accounts for the majority of activity on Solana (as measured by ‘GDP’, which is application revenue).”

Standard Chartered said the memecoin frenzy served as a stress test for Solana’s scalability but came with drawbacks due to the volatility and speculative nature of such assets. As memecoin trading volumes decline, the bank warned that Solana may struggle to maintain momentum.

Related: Migos Instagram account hacked in apparent blackmail bid on Solana co-founder

Memecoin trading passed its peak

The report said Solana-based memecoin activity

Read More at https://cointelegraph.com/news/solana-a-memecoin-one-trick-pony-standard-chartered?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

How to research altcoins using ChatGPT and Grok

Investments in the fast-paced cryptocurrency market require real-time insights and efficient research. With thousands of projects emerging or disappearing, you need innovative ways to separate signal from noise. 

AI solutions such as ChatGPT and Grok could benefit you as your research assistant, reducing research time and delivering actionable information. 

This article discusses how to use both platforms to make better decisions regarding investment in altcoins.

How to share content with ChatGPT and Grok

Both ChatGPT 4o and Grok 3 allow you to share content in three ways. 

You can simply paste content in the text box with inverted commas and write your prompt. 

Alternatively, you can upload a document from your local drive or Google Drive on ChatGPT 4o. If you are working with Grok 3, you could upload a file from your local drive or connect a file on Google Drive and Microsoft Drive to the AI platform.

On both

Read More at https://cointelegraph.com/news/how-to-research-altcoins-using-chatgpt-and-grok?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound