A Danvers resident was convicted and sentenced for running an unregistered Bitcoin transmitting business that ignored federal anti-money laundering laws. A Danvers man was sentenced on Friday to six years in prison for running an unlicensed Bitcoin (BTC) money transmitting…

US federal court sends Danvers Bitcoin exchanger to prison for laundering over $1m

Kalshi&#8217;s expanded crypto deposit options could boost user engagement and 
trading volume, enhancing its position in the prediction market space.
The post Kalshi now accepts Solana deposits after adding Bitcoin support 
appeared first on Crypto Briefing.

Kalshi now accepts Solana deposits after adding Bitcoin support

JasmyCoin, popularly known as Japan’s Bitcoin, is at risk of a bearish 
breakdown after forming a risky pattern, and as whales continue dumping. 
JasmyCoin (JASMY) price was trading at $0.018 on Friday, up by 130% from its 
lowest level in…

Jasmy price forms a risky pattern as whales offload

Crypto analyst Astronomer has provided insights into when the altcoin season 
will likely begin following the Bitcoin price’s rally to a new all-time high 
(ATH). His analysis indicated that BTC’s dominance is about to top, which will 
pave the way for altcoins to outperform the flagship crypto. Altcoin Season To 
Begin Soon As Bitcoin Price Hits New ATH In an X post, Astronomer predicted 
that the altcoin season is imminent, seeing as BTC’s dominance (BTC.D) has hit 
65% following the Bitcoin price rally to a new ATH. The analyst remarked that 
BTC’s dominance will roll over slowly first, before dropping rather quickly 
after the flagship crypto loses momentum. Related Reading: Is It Time For 
Altcoin Season? Bitcoin Dominance Rises To Major Rejection Zone He is also 
confident that the altcoin season is coming soon because BTC.D is up seven 
weeks in a row and all green from the bottom, which means the Bitcoin price- 
led move is stretching long. From a counting perspective, Astronomer remarked 
that BTC is coming to the end of the transition period, and altcoins will 
likely make their bigger moves soon. The analyst noted that BTC.D has also 
nicely retested the quarterly breaker open. For now, he believes sentiment is 
certainly not ready for an altcoin season, seeing as only the Bitcoin bulls 
are loud. Astronomer added that the ETH bulls are quiet and that only coins 
that are Bitcoin liquidity-driven are talked about, including HYPE, WIF, and 
the Bitcoin price itself. He is confident that 65% is the top for the BTC.D 
despite calls for 67% and 70%. With the Bitcoin price dominance currently at 
almost 63%, Astronomer affirmed that he is well-positioned for the top, with 
altcoin season coming after. The analyst stated that soon, these altcoins will 
put in their big moves until they are forced to become the narrative again, 
where they top out. Crypto analyst CrediBULL Crypto is also confident that the 
altcoin season is imminent amid the Bitcoin price’s rally to a new ATH. In an 
X post, he stated that where the market is headed in the coming months, every 
lagging altcoin is an opportunity to be thankful for, not a problem to be 
frustrated about. BTC Is Forming A Top At Current Price Levels In an X post, 
crypto analyst CryptoVerse stated that the Bitcoin price is likely forming a 
top at its current levels. He admitted that the flagship crypto could still 
rally to between $112,000 and $118,000 but warned that it could mark the cycle 
peak. The analyst also stated that he is not expecting an altcoin season 
before the fourth quarter of this year. Related Reading: Bitcoin Dominance 
Chart Remains Very High Despite Crash, What This Means For Altcoins 
CryptoVerse remarked that based on global liquidity trends, the altcoin season 
should begin in the fourth quarter and wrap up by the second quarter of next 
year. He noted that there could be short-term bounces, but a full-blown rally 
is unlikely to happen before then. Featured image from Getty Images, chart 
from Tradingview.com

When Will Altcoin Season Begin After Bitcoin Price Hit ATH Above $111,000?

Web3 developer platform Alchemy has acquired HeyMint, a California-based non- 
fungible token (NFT) launchpad, in a move designed to enhance the company&#8217;s 
smart wallet infrastructure.
The undisclosed funding deal will see HeyMint&#8217;s infrastructure embedded within 
Alchemy as it seeks to simplify user onboarding for Web3 applications, the 
company disclosed on May 23. HeyMint&#8217;s co-founder and chief technology 
officer, Flor Ronsmans De Vry, joins Alchemy as part of the deal.
While not a household name in crypto, HeyMint attracted more than 1 million 
users over its first two years of operations. It was the launchpad behind $38 
million in NFT sales and supported the Web3 efforts of major brands, including 
The Sandbox, Universal Music Group and Ubisoft.
In 2023, HeyMint facilitated NFT sales for the Partnership for Central 
America, a private sector coalition that included Mastercard.
The HeyMint acquisition is Alchemy&#8217;s second funding deal this month. The 
company recently acquired Dexter Lab, a real-time data infrastructure provider 
for Solana, for an undisclosed amount.
_Source:__Cointelegraph_
 _**Related:**__**VC Roundup: 8-figure funding deals suggest crypto bull 
market far from over**_
## Crypto mergers, acquisitions are heating up
2025 is shaping up to be a more active year for crypto mergers and 
acquisitions (M&amp;As), especially in the United States, where regulatory clarity 
and a pro-industry administration are encouraging dealmaking.
There has been a flurry of high-profile deals in recent weeks, including 
Robinhood&#8217;s acquisition of Canadian digital asset operator WonderFi for $179 
million and Coinbase&#8217;s $2.9 billion acquisition of Deribit. Coinbase CEO Brian 
Armstrong said his crypto exchange is eyeing more M&amp;A opportunities.
One of the biggest acquisitions was completed in April when Ripple purchased 
prime brokerage Hidden Road for $1.25 billion &#8212; a deal the payments company 
said would expand its horizons within institutional finance.
Beyond M&amp;As, crypto venture capital funding has also been on the rise. 
PitchBook data revealed that, while the number of deals declined last quarter, 
the value of investments more than doubled compared to a year earlier.
_A highlight of crypto-backed venture deals in 2024. Source: Pitchbook_
 _**Magazine:**__**TradFi is building Ethereum L2s to tokenize trillions in 
RWAs: Inside story **_

Alchemy acquires no-code NFT launchpad HeyMint for undisclosed amount

President Donald Trump’s latest tariff proposal has thrown financial markets 
into a tailspin, sparking a sharp slide in major U.S. stock indexes. EU 
Retaliation Looms as Trump Issues Tariff Ultimatum According to several 
reports, the president has unveiled a bold new plan: a 50% tax on imports from 
the European Union and a 25% tariff […]