LIVE – Crypto News, May 29: Strategy Selling Bitcoin? Standard Chartered Sees “Amazon-Like” Future for ETH as Vitalik Writes Sci-Fi Novel

Crypto markets are ending the week on a surprisingly strong note. Despite massive options expiry pressure today, Bitcoin held steady. At the same time, the crypto community is juggling three narratives. Fresh Michael Saylor Strategy Bitcoin wallet movements, Standard Chartered comparing Ethereum’s long-term upside to Amazon’s early growth story, and Vitalik Buterin casually revealing he’s writing a sci-fi novel about decentralized governance. From serious prediction to meme-able statements.

However, we are also looking ahead to a possible US-Iran ceasefire, which is reportedly waiting on Donald Trump’s final approval. Geopolitical calm could supercharge the entire risk sector. It’s big if true.

Strategy Faces Market Scrutiny Amid Bitcoin Outflows

We start the day with Strategy transferring 411.48 Bitcoin to Coinbase Prime. It’s big news as every wallet move from Strategy gets heavily scrutinized these days. Polymarket odds that Strategy sells any Bitcoin before the end of the year have now spiked to 84 percent. Yet this could be routine treasury management or custody adjustment. However, Strategy Bitcoin holdings are in red at the moment, though it remains a core holder with no sign of panic.

If Michael Saylor eventually sells some Bitcoin, it would simply be part of the strategy. Proceeds would help fund high dividends on preferred stock and optimize the balance sheet. These moves, therefore, look strategic rather than bearish. We might want to see this as balance-sheet engineering, and BTC outflows exist, but feel temporary against the bigger bullish picture.

Discover: The best crypto to diversify your portfolio with

ETH Amazon Parallels Fuel 1000X Bullish Outlook for Ethereum as Vitalik Opts to Write a Novel

Standard Chartered delivered a blockbuster bullish remark on Ethereum, indirectly calling for a 1000x upside by painting ETH with Amazon-like growth potential.

In a client note released yesterday, Standard Chartered’s Global Head of Digital Assets Research, Geoffrey Kendrick, directly compared Ethereum’s current price action to Amazon after the 2001 dot-com crash. When AMZN stock cratered but its underlying business kept improving, eventually delivering 1,000x gains

Kendrick noted, “ETH will catch up to the internal metrics; it is just a matter of time,” while adding, “I also note AMZN share price, once adjusted for stock splits, has multiplied 1000x since the 2001 lows. The stock is not the company. And the company is not the stock… While the stock price was going the wrong way, everything inside the company was going the right way.”

Standard Chartered reaffirmed its strongly bullish ETH price targets in the same note: $4,000 by end-2026 and $40,000 by end-2030

Ethereum (ETH)24h7d30d1yAll time

Meanwhile, Vitalik Buterin, the face of Ethereum, dropped an unexpected news that he is writing a sci-fi novel about decentralized governance. Personally, I found it hilarious, and it has become a community meme. But it could be that Vitalik’s move shows his continued focus on visionary ideas beyond code.

Discover: The best pre-launch token sales

What Else Happened Last Night? What’s Next for Crypto Next Week?

We had another not-so-good news for SUI holders. The network experienced a stall for two hours before it recovered. It’s another top chain’s occasional hiccups. The brief outage barely dented sentiment and was dealt with fast.

Bullish news coming from the SEC as it grants Paxos clearance marks, another regulatory green light for stablecoins and infrastructure players. The move eases compliance concerns and opens the door to more institutional participation. It’s positive news, surely.

Moving on to our expectations for next week, the SEC Investor Advisory Committee meeting will be held on June 4. Agenda items include private market assets, passive index funds, shareholder proxy voting, and quarterly versus semi-annual reporting. It will likely affect crypto, retail protection, and fund rules. Scenarios range from neutral discussion to subtle nods toward clearer crypto frameworks. Any constructive tone could spark fresh buying.

Overall, despite the early week bloodbath, the crypto market looks primed for upside. Geopolitical peace, regulatory clarity, and ETH “Amazon” momentum create a powerful cocktail.

Strategy Bitcoin drama feels overblown and tactical at heart. Vitalik’s creativity keeps the culture cultured. With what could be “the worst’ behind us, we have every reason to stay bullish.

Follow us here for more crypto news updates today.

Discover: The best crypto to diversify your portfolio with

The post LIVE – Crypto News, May 29: Strategy Selling Bitcoin? Standard Chartered Sees “Amazon-Like” Future for ETH as Vitalik Writes Sci-Fi Novel appeared first on Cryptonews.