Sergei Potapenko and Ivan Turõgin asked a court for time served after admitting to wire fraud, but US prosecutors want them imprisoned for 10 years for their &#8220;classic Ponzi scheme.”

HashFlare founders want no more jail time as US asks for 10 years

The cryptocurrency market closed the week on a positive note, with its total 
market capitalization briefly exceeding $4 trillion. Ether and LINK were 
standout performers, rising over 21% and 33% respectively. Top Performers: ETH 
and LINK The cryptocurrency market closed the week higher, with its total 
market capitalization briefly surpassing the $4 trillion mark for […]

Altcoin Momentum Pushes Crypto Market Cap Past $4 Trillion

Despite Ethereum’s price surge and a record-setting $2.5 million CryptoPunks 
sale, the NFT market is in steep retreat — with sales down 11% to $134.9 
million.

Punk plummet: NFT sales slide despite record Ethereum prices

Supporters of the cryptocurrencies zano (ZANO) and freedom dollar (fUSD) 
donated $100,000 to honor Dr. Ron Paul’s 90th birthday, bolstering the ongoing 
Ron Paul Money Bomb initiative. Zano-Based Freedom Dollar Group Backs Ron Paul 
With $100K The donation celebrates Ron Paul’s lifelong advocacy for sound 
money and individual liberty. Paul, a former U.S. congressman and […]

Ron Paul’s 90th Birthday Spurs $100K Freedom Dollar Donation

Over the past weeks, the altcoins’ season (or the altseason) seems to be the 
biggest narrative in the digital asset market, leading virtually all 
conversations amongst the crypto crowd. This narrative is beginning to feel 
even more organic due to the strong performances of the largest altcoins, ETH 
and XRP, in recent weeks. Ethereum, the “king of altcoins,” has been on a 
relatively significant run in the last two months, reclaiming the $4,000 mark 
for the first time since December 2024. Meanwhile, the price of XRP has 
returned above $3, surging by more than 10% in the past week. However, the 
latest on-chain observation points that the altcoin season might only just be 
warming up and has not kicked in full gear just yet. The altseason, a period 
when mid/small-cap altcoins outperform BTC, is often marked by capital 
rotation from the largest cryptocurrency to the rest of the market. Last True 
Altcoin Season Was In Early 2024: Analyst In a recent post on the X platform, 
an on-chain analyst with the pseudonym Darkfost postulated that the altseason 
&#8220;has not really started yet.&#8221; This hypothesis comes despite the relatively 
improved performance of the altcoin market over the past few months, with 
various non-BTC assets leading the sector in gains. Related Reading: Bitcoin 
Bull Run At Risk? Binance Whale-To-Exchange Flow Signals Price Correction The 
rationale behind this Darkfost’s theory is based on the performance of various 
asset classes relative to Bitcoin over the last few months. The analyst 
compared the market cap growth of Bitcoin, large-cap altcoins (the top 20 
largest altcoins), and mid-to-small-cap altcoins by calculating the difference 
between their 365-day and the 30-day moving average (MAs). Typically, the 
difference between the 365-day moving average and the 30-day moving average 
can be considered an indicator of growth momentum. Rapid market cap growth is 
witnessed when the short-term moving average (30-day MA) rises faster than the 
long-term moving average (365-day MA), while a lagging 30-day moving average 
indicates slow growth momentum. In their post on X, Darkfost noted that the 
altcoin market is having its weakest performance in this cycle relative to the 
premier cryptocurrency. As shown in the highlighted chart, the Bitcoin market 
capitalization currently outpaces the top 20 largest altcoins and the other 
mid-to-small-cap assets. According to the crypto analyst, this similar 
performance pattern was seen earlier in the year before the general market 
experienced a severe downturn. Nevertheless, Darkfost noted that the strongest 
action, which resembled a “true” altseason, happened back in the first quarter 
of 2024. Altcoin Market Capitalization As of this writing, the altcoin market 
is valued at over $1.55 trillion, reflecting an over 12% increase in the past 
seven days. Related Reading: Here’s Why The $4,000 Level Is Important For 
Ethereum From An Options Point Of View Featured image from Shutterstock, chart 
from TradingView

Is Altseason Here? Analyst Says Altcoins Still Lag Behind Bitcoin

The new law will allow investment banks, which can underwrite companies, issue 
securities, and are institutionally focused, to hold BTC.