Crypto Vesting

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

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

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

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

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

MARA Holdings, formerly Marathon Digital Holdings, has reached a new all-time high in Bitcoin mining revenue, fueled by Bitcoin’s recent surge to a record price.

The company’s annualized mining revenue exceeded $752 million on May 27, according to data from CryptoQuant, making it the most profitable day in the company’s history. Marathon is currently the world’s largest publicly traded Bitcoin (BTC) mining firm by market capitalization.

“Quarterly reports are slow. Onchain shows revenue in real time,” CryptoQuant founder and CEO Ki Young Ju wrote in a May 27 X post confirming the milestone. 

Marathon’s record revenue surge occurred days after Bitcoin rose to a new all-time high of $112,000 for the first time on May 22, a development attributed by some analysts to Japanese bond market turbulence, which saw bond yields rise to new highs amid economic turbulence in the country.

BTC mining revenue, MARA, year-to-date chart.

Read More at https://cointelegraph.com/news/marathon-record-bitcoin-mining-revenue-752m?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Blockchain company StarkWare has unveiled zero-knowledge (ZK) prover STARK Two (S-two), enabling enhanced privacy and verification on everyday devices like phones, laptops and browsers. 

The company said the new ZK prover allows users to generate complex cryptographic proofs from the client side. This means users can generate ZK-proofs directly on their devices instead of relying on a server or cloud infrastructure, opening the door for faster and more private applications across the internet. 

“S-two will bring STARK proving to everyday devices, and open the door for new real-world proving use cases,” said Eli Ben-Sasson, StarkWare co-founder and CEO, adding that the tool could empower the next wave of ZK applications. 

The company said the ZK prover is now available in public alpha and is set to roll out on Starknet, its Ethereum layer-2 scaling solution, later this year.  

StarkWare says new ZK prover is 39 times faster than old solutions 

StarkWare said that benchmark tests

Read More at https://cointelegraph.com/news/starkware-unveils-s-two-client-side-zk-prover?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound