Bit Digital reported a $146.7 million quarterly loss as lower ether prices 
weighed on its balance sheet, while the company continued expanding its 
ethereum treasury and AI infrastructure strategy. The firm now holds more than 
155,000 ETH and is increasingly shifting away from bitcoin mining. Bit Digital 
Expands ETH Treasury to $327M, Staking Income Declines […]

Bit Digital Posts $146M Q1 Loss as Ethereum Treasury Tops 155,000 ETH

Bitcoin ETFs logged $1 billion in net outflows in the week ending May 15, 
ending a six week inflow streak. US spot Bitcoin ETFs posted $1 billion in net 
outflows for the week ending May 15, according to data tracked…

Bitcoin ETFs break six week inflow streak

Ersham has reportedly been meeting with Venezuelan officials, floating 
possible investments in the energy and fintech sectors. He recently appeared 
in a tech event hosted by Banco de Venezuela, promoting the nation’s potential 
to become the “best country in Latam.” Coinbase’s Fred Ersham Shows Interest 
in Venezuela’s Economic Recovery Potential While Venezuela has been battling 
[…]

Coinbase Co-Founder Meets with US and Venezuelan Officials in Major Investment Push

Entain General Counsel Simon Zinger has written directly to six Premier League 
clubs, urging them to commit to UK-licensed gambling sponsors only for the 
2026/27 season, citing Stake’s “heavy reliance on cryptocurrency” and BJ88’s 
use of “unregulated payment methods like cryptocurrency to evade financial 
oversight” in letters reported by SBC News today. Entain’s General Counsel […]

Entain Directly Targets Premier League Clubs Citing ‘Cryptocurrency Reliance’ in Sponsor Ban

Ethereum has seen a Tom Demark (TD) Sequential sell signal on its weekly 
chart, something that last led to a major drawdown for the asset. Ethereum Has 
Seen A TD Sequential Sell Signal In a new post on X, analyst Ali Martinez has 
highlighted a TD Sequential signal that has emerged on the 1-week price of 
Ethereum. The TD Sequential is an indicator from technical analysis (TA) 
that&#8217;s usually used for spotting trend reversals in an asset&#8217;s price. Related 
Reading: Ethereum Dips To $2,250 As Trader Profit-Taking Hits 3-Week High It 
involves two phases: the setup and countdown. In the context of the current 
discussion, the former phase is the one of interest. During the setup, the TD 
Sequential counts up candles of the same color until the number hits nine. 
Once the nine candles are in, the indicator signals the exhaustion of the 
prevailing trend. Below is the chart shared by Martinez that shows the TD 
Sequential setup that has appeared on the weekly Ethereum price. As is visible 
in the graph, the TD Sequential has seen a setup complete with nine green 
candles recently, a potential sign that the bullish trend may be about to 
reverse for ETH. According to the analyst, the indicator has generally been 
reliable for ETH during the past year. &#8220;Every signal it has flashed on the 
weekly timeframe has been validated by significant price action,&#8221; noted 
Martinez. In April and June of last year, the indicator flashed buy signals 
that led into price surges of 86% and 134%, respectively. Similarly, the 
August sell signal resulted in a drawdown of 63%. Given that Ethereum has just 
once again seen a TD Sequential sell signal on the weekly, the pattern could 
follow this time as well. &#8220;To me, this suggests Ethereum is entering another 
corrective phase,&#8221; said the analyst. Martinez has given three targets for ETH 
for various timeframes: $1,900 in the short-term, $1,595 in the mid-term, and 
$1,090 in the long-term. The last of these levels also happens to be located 
around the bottom level of a Parallel Channel, as the analyst has pointed out 
in another X post. The Parallel Channel is a TA pattern that forms whenever an 
asset trades between two parallel trendlines. The upper line acts as a source 
of resistance, while the lower one that of support. Related Reading: Bitcoin 
Falls Below $80,000: Coinbase Sellers To Blame? From the below chart, it&#8217;s 
apparent that Ethereum has recently been trading in the lower half of a long- 
term Parallel Channel on the weekly timeframe. &#8220;$1,071, at the bottom of the 
channel, looks like a strong area to buy Ethereum $ETH,&#8221; noted Martinez. It 
now remains to be seen whether the asset will have to rely on this support 
level. ETH Price Ethereum has gone down this week as its price is now trading 
around $2,220. Featured image from Dall-E, chart from TradingView.com

Ethereum Sell Signal That Last Preceded A 63% Drop Flashes Again

OKX and Korea Investment &amp; Securities are reportedly in talks to acquire 
stakes in South Korean crypto exchange Coinone. The move could mark a major 
step in the opening of Korea’s tightly regulated digital asset market to 
global players. OKX Explores Strategic Coinone Role as South Korea Rethinks 
Crypto Rules Global crypto exchange OKX is […]

Bit Digital Posts $146M Q1 Loss as Ethereum Treasury Tops 155,000 ETH

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