Ethereum pressure mounts as the ETHBTC pair breaks down from a key descending 
triangle structure. The weakening performance against Bitcoin suggests that 
bearish momentum may still be dominating the market, leaving Ethereum 
vulnerable to deeper pullbacks unless bulls quickly reclaim critical 
resistance levels. ETHBTC Trendline Rejection Keeps Pressure On Ethereum 
Crypto analyst Ardi recently pointed out that Ethereum continues to face 
weakness against Bitcoin as ETHBTC keeps rejecting a major descending 
trendline. Repeated rejections from this structure increase the likelihood of 
Ethereum printing fresh cycle lows against the US dollar if broader market 
conditions weaken further. Related Reading: Ethereum Network Registers 
Strongest Profit Realization In Weeks — What This Means Meanwhile, ETHBTC is 
starting to break down from its descending triangle support, signaling growing 
bearish pressure on the pair. The analyst also noted that Ethereum is 
currently trading lower than it was when BTC was hovering around the $60,000 
region, highlighting the extent of ETH’s relative underperformance in recent 
months. Based on the current structure, Ardi believes that if the crypto 
market experiences another broad decline, Ethereum could fall to new lows 
before Bitcoin even revisits the $60,000 level. Ethereum is currently holding 
above the cycle low it established against Bitcoin in April last year, which 
represents the macro higher low on the chart. As long as that support 
continues to hold, Ardi believes ETH still has the potential to establish a 
broader higher-low structure and prepare for a possible reset as the next 
market cycle approaches. Ethereum Pullback Remains Corrective Despite Short- 
Term Pressure According to More Crypto Online, Ethereum short-term bearish 
pressure is still active, while the recent decline still appears to be 
corrective rather than the start of a stronger impulsive selloff. While the 
broader market structure remains fragile, the analysts noted that there is 
still no confirmed evidence suggesting a major long-term top has fully formed. 
Related Reading: Ethereum Is Not Dead: Why Market Experts Are Still Predicting 
A Rise Above $10,000 The expert explained that Ethereum could still attempt 
another upward move as long as price action remains above the lower boundary 
of its current channel and continues holding within the active support zone. 
Immediate support levels are located around $2,187 and $2,122. A successful 
bullish breakout above the $2,318 resistance area could open the path toward 
the $2,646 region. However, More Crypto Online warned that the outlook may 
become significantly bearish if Ethereum breaks decisively below the lower 
channel support. Such a move would increase the probability that a larger 
market top is already in place and could shift attention back toward the 
February lows. For now, the structure still points to a corrective pullback 
rather than a confirmed trend reversal. Key support levels remain at $2,187, 
$2,122, and $2,037, while resistance stands at $2,318 and $2,646. Until 
sellers produce a stronger breakdown, Ethereum’s larger recovery structure 
technically remains alive despite the ongoing weakness. Featured image from 
Getty Images, chart from Tradingview.com

Ethereum Triangle Breakdown Adds Pressure On Its Recovery Outlook

The lapse in the US waiver on Russian oil sanctions could tighten global oil 
supply, potentially elevating inflation and delaying rate cuts.
The post US Treasury allows sanctions waiver on Russian seaborne oil to lapse, 
raising global supply concerns appeared first on Crypto Briefing.

US Treasury allows sanctions waiver on Russian seaborne oil to lapse, raising global supply concerns

IG expanded UK crypto access with more than 50 additional digital assets, 
bringing its total offering above 100 tokens. The rollout follows regulatory 
approval for its crypto business and introduces swaps, advanced charting 
features, and upcoming wallet transfer support. IG Expands UK Crypto Access 
After FCA Registration The London-based trading platform IG announced on May 
[…]

Financial Giant IG Expands UK Crypto Platform to 100+ Digital Assets

India&#8217;s semiconductor ambitions gain momentum, potentially reshaping global 
supply chains and fostering technological self-reliance.
The post Tata Electronics partners with ASML to build India&#8217;s first 
semiconductor fab appeared first on Crypto Briefing.

Tata Electronics partners with ASML to build India’s first semiconductor fab

The latest shareholder letter from DeFi Development Corp., a Nasdaq-listed 
Solana treasury company, shows that its fully converted SOL per share has 
grown 108% over the past year, rising from 0.0322 on May 13, 2025, to 0.0670 
on May 13, 2026. The growth is notable because it came during a difficult 
period for Solana’s price action, particularly in the first quarter of 2026, 
where the SOL price has been struggling with bearish momentum. Related 
Reading: XRP Records Biggest Spike In Network Usage In 2 Months Solana 
Treasury Growth Shows A New Source Of Demand According to a May shareholder 
letter from DeFi Development Corp., a Solana treasury company, the company has 
more than doubled its fully converted SOL per share into 108%. The 108% growth 
highlighted by DeFi Development Corp. is based on SOL per share, a metric the 
company uses to measure how much Solana backs each fully converted share. The 
company reported 2,294,576 SOL and SOL equivalents as of May 13, 2026, with 
approximately 34.2 million fully converted shares outstanding. Interestingly, 
its fully converted SPS rose 1% from March 30 to May 13 and 108% from the same 
date last year to 0.0670 as of May 13, 2026. DeFi Development Corp. is not 
simply buying SOL and waiting for price appreciation. The company said more 
than 25% of its treasury is deployed onchain, while its validator operations 
generate about 7.5% yield compared to roughly 3.9% from staking SOL through 
Coinbase. The shareholder letter also estimated that this spread represents 
about $7.6 million in annualized incremental yield on its current treasury. 
What This 108% Growth Means For Solana Price This 108% growth in DeFi 
Development Corp.’s fully converted SOL per share shows that Solana is 
beginning to attract the same kind of corporate treasury conviction similar to 
Bitcoin and Ethereum. Bitcoin has had companies such as Strategy, Metaplanet, 
and MARA Holdings building balance sheet strategies around BTC. Ethereum has 
also developed its own treasury category, with companies like BitMine 
Immersion Technologies. DeFi Development Corp.’s strategy is built around 
accumulating SOL, staking it, deploying part of it across Solana DeFi, and 
using capital markets only when it can increase SOL exposure per share. This 
means SOL is attracting a category of demand that is more structured than 
normal spot-market buying. Interestingly, DeFi Development Corp. is one of a 
few other companies that hold SOL as their primary corporate reserve asset. 
Other companies like Forward Industries, Inc. and Upexi Inc. also have 
millions of SOL tokens on their balance sheets. Related Reading: Is Zcash The 
Next Bitcoin? Investors Rush Into The Privacy Coin Narrative This has real 
price implications for Solana, as this creates a different kind of demand 
base. Treasury companies like those mentioned above are long-term holders. 
Retail demand can disappear quickly, but corporate treasury demand is more 
structured and usually tied to long-term conviction. Featured image from Bunq, 
chart from TradingView

What Solana’s 108% Growth Means For Its Price Outlook

Canary XRP ETF reported 212.6 million XRP, valued at about $305 million, as 
its latest holdings update followed a quarterly SEC filing. The trust’s 
disclosures showed rising token holdings, spot-only exposure, and valuation 
pressure tied to XRP’s price action. Canary XRP ETF Reports Expanded Holdings 
Canary Capital Group published holdings for Canary XRP ETF showing […]

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