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According to Cointelegraph, multiple analysts have pointed out that Ethereum faces downside risks, with ETH potentially dropping another 20% to the $1,700 range. The increase in holdings on trading platforms and the decline in ETF demand are the main sources of pressure.CryptoQuant analyst BorisD noted that from May 5 to May 9, the ETH reserves on Binance surged from 3.36 million to 3.84 million, while the price dropped 7% from $2,390 to $2,260 during the same period. He stated, "This indicates that liquidity is being absorbed and distributed simultaneously. The overall structure still points to dominant downside risks."Another analyst, PelinayPA, shares the same view, believing that any short-term rebound will "be accompanied by high volatility, followed by a continuation of a broader downward trend," and added, "A large amount of ETH continues to flow into trading platforms, creating significant resistance to price increases." The net inflow of ETH to trading platforms surged to 585,000, marking the largest single-day inflow since December 2025—at that time, the ETH price was around $3,000, which subsequently dropped to $1,750 in February this year, a decline of 42%. Such large-scale inflows typically indicate that large holders are offloading.Meanwhile, the demand for spot Ethereum ETFs continues to weaken, recording net outflows for four consecutive days, with a total outflow amounting to $190 million. From a technical perspective, the ETH daily chart shows that the ascending wedge pattern has broken below the support level of $2,280. If the daily closing price confirms a break below, the target will point to the wedge measurement target of $1,725, a 22% drop from the current price, aligning with the macro low on February 6 of this year.Analyst ShangoTrades stated that this breakdown "is starting to become concerning." From a longer-term perspective, analyst CryptoBullGod pointed out that the measurement target for the ETH weekly bear flag pattern is $1,280.

According to Gate market data, the Dow Jones Industrial Average opened down 327.39 points on May 15 (Friday), a decrease of 0.65%, at 49,736.07 points; the S&P 500 opened down 78.22 points, a decrease of 1.04%, at 7,423.02 points; the Nasdaq Composite opened down 421.28 points, a decrease of 1.58%, at 26,213.94 points.

According to Gate market data, U.S. stocks opened with the Dow Jones Industrial Average down 0.66%, the S&P 500 down 0.85%, and the Nasdaq Composite down 1.3%. AI chip stocks generally fell, with Intel down over 5%, Baidu down nearly 4%, AMD down 3.5%, and NVIDIA down over 2%.

According to Gate market data, the three major indices of the US stock market generally fell before the market opened, with the Nasdaq down 1.24%, the Dow down 0.44%, and the S&P 500 down 0.78%.Most of the seven major tech stocks fell before the market opened, with Apple (AAPL) down 0.66%, Microsoft (MSFT) up 0.7%, Alphabet (GOOGL) down 1.57%, Amazon (AMZN) down 1.36%, Nvidia (NVDA) down 2.08%, Tesla (TSLA) down 1.72%, and Meta (META) down 1.35%.

Forward Industries, a Solana treasury company, announced its quarterly financial report for the period ending March 31, 2026, showing a year-on-year revenue increase of 319% to $13 million. However, due to the decline in the fair value of crypto assets, net losses widened to $283.1 million.The company stated that the growth this quarter was mainly driven by increased staking rewards from Solana (SOL). However, during the same period, it recorded a digital asset loss of $201.7 million and an asset impairment of $85.1 million, primarily due to the price volatility of SOL leading to a decrease in the valuation of holdings.The financial report indicated that the company held approximately 7.04 million SOL during the quarter and earned about 201,200 SOL in rewards through staking, with nearly all SOL assets being staked. Solana fell approximately 33.7% during the reporting period, closing at $82.44. Price volatility is considered the core factor dragging down financial performance.Additionally, Forward Industries signed a loan agreement with Galaxy Digital in March and drew the first tranche of $40 million in financing, using fwdSOL as collateral, with a comprehensive annual interest rate of about 3.4%. The company stated that this financing is used to optimize its liquidity structure.Company management indicated that they have adjusted the balance sheet through cost reductions, debt instruments, and stock buybacks to cope with market volatility and enhance long-term value. Despite a significant widening of quarterly losses, the company's stock price slightly declined in after-hours trading following the financial report, but it still recorded a monthly increase recently.

Nasdaq-listed company Bit Digital released its Q1 2026 financial report, showing total revenue of $27.9 million, a decrease of 13.6% from the previous quarter, primarily affected by declines in Ethereum staking income, cloud services, and mining business revenue.Among them, ETH staking income fell by 29.4% to $2.3 million, with the company citing reasons including the drop in ETH prices and a reduction in staking scale. Meanwhile, cloud service revenue decreased by 13.1% to $16.8 million, and Bitcoin mining revenue dropped by 32.9% to $3.7 million.During the reporting period, the company's net loss widened to $146.7 million, mainly impacted by non-cash factors such as changes in the fair value of digital assets.As of the end of March, the Ethereum holdings were approximately 154,400 coins, valued at about $327 million. The company stated that it has converted about 70,000 ETH into liquid staking to enhance asset flexibility.In recent years, Bit Digital has continuously shifted from Bitcoin mining to Ethereum staking and digital asset treasury strategies, gradually laying out high-performance computing (HPC) and AI infrastructure business. The company's management indicated that future capital allocation will continue to tilt towards Ethereum and infrastructure.

According to Jinshi News, European stocks opened lower, with the German DAX30 index falling 1.03% at the opening, the Euro Stoxx 50 index down 1.04%, the French CAC40 index down 0.98%, and the UK FTSE 100 index down 0.79%.

According to Onchain Lens monitoring, as HYPE surged past $45, a whale holding a long position of 1.38 million HYPE (with 5x leverage) is currently sitting on a profit of over $9 million, but needs to pay $2.3 million in funding fees. This whale's position once faced a loss of over $26 million.

The co-founder of the Solana ecosystem DeFi project Ranger Finance, cobra (@barrett_io), posted on the X platform that Ranger Finance is gradually shutting down. The project took on business beyond its sustainable capacity, and the founder invested personal funds to maintain operations, but delays in financing led to the accumulation of bills. Ultimately, the financing was unsuccessful, and the raised funds were returned.The team is trying to fairly pay employees and suppliers with the remaining two months of operating funds, but it is insufficient to cover all expenses. The treasury liquidation was unexpected and severely impacted budget decisions. Subsequently, the Drift attack incident depleted the remaining funds and personal capital. Treasury users affected by the Drift attack will receive recovery tokens when distributed by the Drift team. The founder stated that in hindsight, the project should have been shut down earlier and apologized for this.

According to CoinMarketCap data, the performance of the top 100 cryptocurrencies by market capitalization is as follows:Top five gainers: Immutable (IMX) up 12.7%, current price $0.2087; XDC Network (XDC) up 10.48%, current price $0.03464; Hyperliquid (HYPE) up 9.6%, current price $42.7; Quant (QNT) up 9.07%, current price $78.31; Canton (CC) up 6.95%, current price $0.1629.Top five losers: siren (SIREN) down 52.68%, current price $0.5663; BUILDon (B) down 23.51%, current price $0.519; Terra Classic (LUNC) down 4.89%, current price $0.00008124; Internet Computer (ICP) down 4.43%, current price $2.92; Injective (INJ) down 4.34%, current price $5.22.

Delphi Digital published a report stating that the variable rate Series A perpetual preferred stock STRC of Strategy has an authorized issuance limit of approximately $28.3 billion. If this value is reached without expanding the limit, the accumulation rate of Bitcoin by Strategy may slow down.On Monday, Strategy purchased 535 Bitcoins for $43 million, with most of the funds raised through the sale of Class A common stock MSTR. Currently, Strategy's market net asset value is 1.25 times. Researchers pointed out that when mNAV is low, Strategy uses STRC as the main accumulation tool, and if mNAV expands, it may acquire Bitcoin through the sale of MSTR. Strategy has a cash reserve of $2.25 billion, and the next significant cash obligation will mature in September 2027.

According to Cointelegraph, CryptoQuant pointed out in a report that Bitcoin faces a risk of correction after reaching the 200-day moving average of $82,400. The agency stated that the 200-day moving average was a major resistance level during the 2022 bear market, and Bitcoin resumed its downward trend after hitting that level in March of that year.The report noted that traders' unrealized profit margin reached 17.7% on May 5, the highest level since June of last year, indicating potential selling pressure from profit-taking. Last week, daily realized profits surged to the highest level since early December, with traders cashing out 14,600 Bitcoins (worth nearly $1.2 billion) on May 4. CryptoQuant stated that such a peak magnitude often signals a local price top during a bear market rebound.If Bitcoin declines, the current support level is around $70,000, which is the average price of all Bitcoin's last trades and has historically been a key resistance turning into support during bear markets.

According to official news, the smart contract auditing platform Code4rena has announced that it will gradually cease operations, and the Web3 security company Immunefi will take over its clients and security researchers. Code4rena posted on social media that it has made the decision to shut down and stated that all ongoing competitions and bounty activities will be completed as usual, and existing collaborations will be "properly concluded." Immunefi stated that it will assist in migrating Code4rena's bounty projects, reward structures, and researchers to its platform.Code4rena is known for its "competitive auditing" model, where independent researchers compete to find vulnerabilities in smart contracts for rewards. This shutdown comes less than two years after blockchain security company Zellic acquired Code4rena in 2024. Previously, Code4rena raised $6 million from Paradigm in 2023 for auditing incentives and platform expansion.This shutdown comes at a difficult time for DeFi protocols and the security sector. Data from DefiLlama shows that there were over 20 crypto vulnerability incidents in April alone, setting a monthly record. JPMorgan analysts believe that ongoing DeFi security incidents are limiting major institutional investors from entering the market. Meanwhile, the total value locked in DeFi has decreased from about $160 billion in October to approximately $83 billion currently.

According to Gate market data, the Dow Jones Index closed down 67.36 points on May 13, a decrease of 0.14%, at 49,693.2 points; the S&P 500 Index closed up 43.29 points, an increase of 0.58%, at 7,444.25 points; the Nasdaq Composite Index closed up 314.14 points, an increase of 1.2%, at 26,402.34 points.

According to Jinshi reports, Federal Reserve official Kashkari stated that we are very serious about reducing inflation.

According to Gate market data, the Dow Jones Industrial Average opened down 171.93 points on May 13 (Wednesday), a decrease of 0.35%, at 49,588.63 points; the S&P 500 opened up 1.07 points, an increase of 0.01%, at 7,402.03 points; the Nasdaq Composite opened up 36.7 points, an increase of 0.14%, at 26,124.9 points.

According to Gate market data, at the opening of the US stock market, the Dow Jones Industrial Average fell 0.3%, the S&P 500 rose 0.08%, and the Nasdaq Composite rose 0.23%. Alibaba (BABA.N) opened down 1.7% after the earnings announcement; AI chip stocks performed strongly, with Qualcomm (QCOM.O) and Intel (INTC.O) both rising about 3%, and Nvidia (NVDA.O) rising 1.9%.

According to Gate market data, the Nasdaq 100 Index continues to decline, recently down 2.1%.