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

Bit Digital Expands Treasury to $327M, Income Declines 29%  Bit Digital is accelerating its transformation from a into an ethereum and AI-focused infrastructure company, even as in digital asset markets continued to pressure earnings during the first quarter.  The Nasdaq-listed firm reported a net loss of $146.7 million in its Q1 2026 financial results, improving from a $185.3 million loss in the previous quarter. The results were heavily influenced by non-cash mark-to-market adjustments tied to declines in prices.  The company held approximately 155,444 ether at quarter-end, with a market value of roughly $327 million based on ethers closing price of about $2,104 on March 31. Bit Digital said its average acquisition price across all holdings stood at approximately $3,045 per token.  Total revenue fell 13.6% quarter over quarter to $27.9 million, primarily due to weaker cloud services revenue, lower income, and reduced digital asset mining activity.  Still, the company continued to emphasize its long-term ethereum strategy centered on treasury management and . Revenue generated from totaled $2.3 million during the quarter, though that marked a 29% decline from the prior period as average ether prices weakened.  As part of its treasury repositioning, Bit Digital moved roughly 70,000 into through LsETH to maintain flexibility while continuing to

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David Tepper’s Appaloosa Slashes Portfolio by $1B — Amazon (AMZN) and Uber Emerge as Top Picks

Amazon.com, Inc., AMZN  Ride-sharing platform Uber experienced equally dramatic attention from Tepper. The hedge fund accumulated 4.5 million additional shares, effectively more than tripling its existing stake. Uber‘s position now commands a valuation of $455 million, placing it firmly among Appaloosa’s five largest investments.  Technology Sector Realignment and Fresh Opportunities  While some tech names enjoyed increased allocations, others faced significant reductions. Chinese e-commerce powerhouse Alibaba experienced the steepest decline, with Appaloosa cutting its stake from 5.1 billion shares to a mere 3.5 million — representing approximately $318 million in value reduction. Microsoft similarly faced the chopping block, as Tepper offloaded 410,000 shares, maintaining only 90,000 shares valued at roughly $33 million.  Despite these cuts, Appaloosa deployed capital into emerging technology opportunities. The fund established a completely new position in flash memory specialist Sandisk, purchasing 281,250 shares with an approximate value of $179 million. Additional investments flowed into Micron Technology and Taiwan Semiconductor Manufacturing Company, both of which saw expanded allocations.  Alphabet maintains its position as a core holding, comprising roughly 8% of the portfolio. Micron commands a 9% allocation, while Taiwan Semiconductor represents 8% of total assets.  Complete Aviation Sector Withdrawal  In a decisive move signaling concerns about the airline industry, Appaloosa liquidated every one of its

05-16

Krakens Ink flagship lender taps RedStone as official oracle provider

Blockchain oracle network RedStone has been appointed the official oracle provider for the Ink ecosystem after a rapid emergency deployment during a security incident affecting Tydro, a key lending protocol on the Kraken-incubated layer 2 network.  According to a May 15 statement, on May 4, Tydro paused all markets after its then-oracle provider, Chaos Labs, was affected by a sophisticated attack. No incorrect onchain pricing occurred and no user funds were impacted, but the event underscored the need for stronger oracle resilience.  RedStone got the call. Within 48 hours, the team had production-ready price feeds running on Ink and had cleared Tydros full security review. Following its swift response, the project secured a long-term partnership in the Ink ecosystem.  Inks rapid growth  When Kraken launched its layer 2 network in December 2024, it had under $1 million in total value locked during its first month.  That figure has since surged to over $270 million, an increase of roughly 26,900% driven by both appetite for exchange-linked DeFi and Krakens large user base, per DefiLlama. Tydro has accumulated about $205 million in TVL.  Ink is onboarding over 10 million exchange users into onchain finance through DeFi applications and tokenized assets. As the ecosystem expands, demand is increasing for

05-16

Christopher Harborne debuts on UK rich list

Christopher Harborne entered the Sunday Times Rich List in sixth place, as Parliament opened a probe into Farage.Christopher Harborne debuted sixth on the Sunday Times Rich List 2026 with an estimated £18.2bn fortune, largely tied to his Tether stake.The Parliamentary Standards Commissioner opened a formal inquiry into whether Farage should have declared Harbornes £5m personal gift before the 2024 election.Harborne has donated over £22m to Reform UK in total, including a £9m contribution that set a record for British political donations.  The Sunday Times Rich List 2026, published on May 15, placed Christopher Harborne sixth among Britains wealthiest individuals. His estimated £18.2bn fortune derives primarily from a 12% stake in stablecoin issuer Tether, which carries an estimated valuation of approximately $200bn.  Harborne, who has lived in Thailand for more than 20 years and holds Thai citizenship under the name Chakrit Sakunkrit, is described as the wealthiest British-born person on the 2026 list. The ranking makes him wealthier than the rest of Yorkshires top 10 combined.  The publication of his wealth coincided with the opening of a parliamentary standards investigation. On May 15, the Parliamentary Standards Commissioner formally launched a Rule 5 inquiry into whether Farage breached the Commons Code of Conduct by failing

05-16

Billionaire Druckenmiller Exits Alphabet (GOOGL), Slashes Amazon (AMZN) in Q1 2026

Alphabet Inc., GOOGL  Stanley Druckenmillers Duquesne Family Office led the exits. The investment firm completely liquidated its 385,000-share Alphabet Class A holding throughout the first quarter. This position had been substantially expanded during Q4 2025, when Duquesne boosted it from 102,000 shares. The firm has not issued public statements explaining the rationale behind this complete withdrawal.  Alphabet finished Friday‘s trading session at $396.78, gaining 1% for the day. Year-to-date, the stock has climbed 27% in 2026. Notably, during the January through March period, shares declined 8%, indicating Druckenmiller’s exit occurred while the stock was underperforming.  Duquesne Establishes Broadcom Position, Nearly Eliminates Amazon  While divesting from Alphabet, Duquesne remained aggressive in other sectors. The fund launched a new Broadcom position comprising 195,955 shares. Additionally, it established a significant stake in Caris Life Sciences totaling 1.89 million shares and acquired 315,860 shares of Revolution Medicines.  The fund executed substantial reductions elsewhere in its portfolio. Its Amazon holdings were slashed dramatically, declining from 737,940 shares to merely 9,539 shares. Teva Pharmaceuticals was reduced from 5.87 million shares to 2.37 million, while Coupang saw its stake drop from 6.77 million shares to 2.67 million.  Duquesne completely exited several positions during the quarter, including State Street Financial Select Sector SPDR, Cogent

05-16

ASTEROID Price Coils As SpaceX Mascot Memecoin Eyes Breakout

The post ASTEROID Price Coils As SpaceX Mascot Memecoin Eyes Breakout appeared first on Coinpedia Fintech News  ASTEROID is doing what memecoins do best: turning internet lore, community obsession, and a bizarrely specific origin story into market momentum. Except this one comes with a SpaceX angle. The Ethereum-based token tied to the “Asteroid Shiba” mascot is back on traders radar after its chart started tightening into what looks suspiciously like a classic breakout setup.  SpaceX Mascot Narrative Fuels Fresh Attention  The project centers around a Shiba Inu zero-gravity indicator reportedly designed by a 15-year-old for Polaris Dawn before eventually becoming associated with SpaceX culture. From there, ASTEROID launched quietly on Ethereum in late 2024 and was later handed over to the community.  No taxes. No team allocation. Liquidity burned. The usual anti-rug checklist crypto traders scan before aping into anything remotely meme-adjacent.  But here‘s the kicker: the narrative alone isn’t carrying this move anymore. Technical structure is starting to matter.  ASTEROID Price Structure Tightens Aggressively  According to the daily ASTEROID/USDT chart on MEXC, the token has entered a prolonged consolidation phase after its explosive launch rally. Price is currently trading around $0.00031657, sitting almost perfectly in the middle of a clearly defined range.  The green demand zone between

05-16

Chainlink price prediction May 2026: Is LINK undervalued or is Meme Punch the better entry point?

Poly Truth: A different kind of presale  The other notable presale is Poly Truth, which falls into an entirely different category. It is neither a game nor a meme coin. It is a research tool made for prediction market players.  Anyone betting on an election, a sports result, or a price target has the same problem. The information they need is spread across news sites, social platforms, and historical data, and there is rarely enough time to read all of it before placing a bet. Poly Truth does that work in the background. It pulls the data together, runs the analysis, and outputs a written brief on which side of the bet has the strongest case.  $PTRUE runs on Ethereum with a total supply of 11.5 billion. Presale takes 40%, liquidity 17%, and staking 10%. The team allocation has a 3-month cliff and a 12-month vest. The contract has been audited by SolidProof and Coinsult, with both reports public.  Reading all three together  LINK is the known infrastructure play. It already trades on every major exchange, the network is doing record volume, and the price has been pinned to the same range for months while the fundamentals quietly build up. The upside is there if

05-16

LAB Price Rebounds Hard After 60% Crash as Mobile App Launch Fuels Speculation

The post LAB Price Rebounds Hard After 60% Crash as Mobile App Launch Fuels Speculation appeared first on Coinpedia Fintech News  LAB isn‘t quietly trading anymore. The token just delivered one of those classic crypto whiplash moves traders pretend to hate but secretly live for. After exploding toward an all-time high of $7.49 on May 11, LAB/USDT collapsed more than 60% within days, bottoming near $2.91 before suddenly ripping back toward $4.72 in a violent recovery. Yeah, the volatility is brutal. But the timing isn’t random.  LAB Mobile App Ignites Fresh Momentum  The sharp recovery arrived 48hours after LAB launched its mobile app on May 14, a product built specifically for traders glued to their phones and reacting to markets in real time. The app focuses on speed, social trading behavior, and mobile-native execution basically as they say its designed for the permanently online crypto crowd.  Well, here‘s the kicker: the market seems split between profit-takers dumping the news and fresh users piling into the ecosystem. That’s exactly why the chart currently looks like a battlefield instead of a trend.  Massive Rebound Grabs Trader Attention Fast  After crashing from $7.49 to $2.91, LAB rebounded aggressively back toward $4.72 in a matter of sessions. That kind of

05-16

Dogecoin Price Prediction: DOGE Tests 200 WMA Resistance

is trying to confirm a wider recovery after its market cap broke a downtrend and moved into the 200-week moving average. At the same time, the DOGE/COPPER ratio has also broken its own downtrend, adding another early signal that DOGE is attempting to regain strength.  Dogecoin Market Cap Tests 200 WMA After DOGE Breaks Downtrend  Dogecoins market cap is testing the 200-week moving average after breaking above a short-term downtrend, putting the next DOGE move near a key resistance zone.  The weekly chart shared by Surf on X shows DOGE market cap at about $17.79 billion. The chart also shows a rounded bottom structure forming after a long decline from the 2024 and 2025 highs.  Dogecoin Market Cap Weekly Chart. Source:  DOGE market cap recently broke above a descending trendline that had capped the recovery attempt. That breakout shifted focus to the 200-week moving average, which now sits near the current market cap range.  Surf said the 200 WMA is acting as resistance. The chart shows DOGE market cap pressing into that moving average after the downtrend break, but it has not yet confirmed a clean move above it.  The rounded bottom structure suggests DOGE market cap has been building a base after months of lower levels.

05-16

TradingView Bot: how traders automate strategies through external platforms

Retail traders are increasingly using a TradingView bot setup to automate strategies developed on TradingView across crypto exchanges and brokerage platforms.  While TradingView is widely used for chart analysis and strategy testing, the platform itself does not directly execute trades on most exchanges. Instead, traders typically connect alerts generated in Pine Script to third-party automation software capable of sending orders through exchange APIs.  How a TradingView bot works  In most cases, the process starts with a strategy created inside TradingView.  When market conditions are met, the platform generates an alert that can be sent through a webhook to an external execution system. The bot then interprets the signal and places the order on the connected exchange account.  This workflow is commonly used in crypto markets, where traders often seek continuous execution without manually monitoring charts around the clock.  Depending on the platform, users may also configure:stop loss and take profit levels;trailing stops;position sizing rules;multi-account execution;risk limits across multiple assets.  Why automated trading tools are gaining popularity  The growing popularity of TradingView bot integrations reflects a broader shift toward automated execution in retail trading.  One reason is consistency. Automated systems follow predefined rules and reduce the influence of emotional decision-making during volatile market conditions.  Another factor is speed. Since alerts can

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