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๐Ÿ†• #ETH Bit Digital Defies Ethereum Bear Market, Buys $20M ETH Against the Trend

Nasdaq-listed Bit Digital (BTBT) announced the purchase of approximately 8,568 ETH for $20 million. The transaction was executed on May 11, 2026, at an average cost of $2,334.25 per ETH, increasing the company's total holdings to approximately 158,461.75 ETH.
๐Ÿ†• #ETH Bit Digital Defies Ethereum Bear Market, Buys $20M ETH Against the Trend

Nasdaq-listed Bit Digital (BTBT) announced the purchase of approximately 8,568 ETH for $20 million. The transaction was executed on May 11, 2026, at an average cost of $2,334.25 per ETH, increasing the company's total holdings to approximately 158,461.75 ETH.
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๐Ÿ•ต๏ธ Publicly traded Sequans announces that their treasury strategy has concluded. They will no longer pursue a digital asset treasury strategy and will monetize remaining holdings over time.
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๐Ÿ‘€ geopolitics Axios: Negotiators from the US and Iran have agreed to a 60-day ceasefire and framework conditions for nuclear talks, but the agreement still awaits final approval from President Trump.
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๐Ÿ—ฃ Breaking: The Sui blockchain network has stopped producing blocks for nearly an hour.

The official statement reads: "The Sui Mainnet is currently experiencing a network stall. The Sui Core team is actively working on a solution. Transactions may be paused at this time."
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๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‘€ Crypto #ETF Flows Today:

Bitcoin ETFs:
1D NetFlow: -9,012 $BTC (-$655.59M)
7D NetFlow: -15,409 $BTC (-$1.12B)

Ethereum ETFs:
1D NetFlow: -40,247 $ETH (-$79.77M)
7D NetFlow: -69,523 $ETH (-$137.8M)

Solana ETFs:
1D NetFlow: +2,401 $SOL (+$195K)
7D NetFlow: +123,492 $SOL (+$10M)
๐Ÿ˜ฑ #BTC Our Repetition Fractal Cycle marks the next bottom between October 6-16, 2026. We're approximately 4-5 months from that window. The real question is whether the fractal still holds.

Where we are today, against the script:

- Cycle top called: October 12-16, 2025. Hit inside the window.
- Current phase: Distribution โ†’ Bear Market. We've been chopping $73-77k for 3 weeks. Checks out.
- F&G: 25, Extreme Fear. Textbook late-distribution print.
- BTC dominance: 60.66% after breaking 8 months of accumulation. Matches pre-bottom historicals.
- Altcoin Season Index: 37. Deep Bitcoin season. Alts already bleeding.
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๐Ÿ†• $QAIT live on Binance alpha.
๐Ÿš€ S&P 500 reaches new all-time high of 7,555
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๐Ÿ”ฎ Fidelity Digital Assets says Bitcoin is "entering an era of scarcity."

They predict public companies may buy another 1 million #BTC by 2029.
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๐Ÿณ #BTC Bitcoinโ€™s largest holders have stopped accumulating.

Dolphin balances have printed successive lower highs since September 2025, while whale balances have remained flat since February 2026.

Historically, when both cohorts stall simultaneously, sustained price weakness tends to follow.
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๐Ÿ†• #COIN $O added to Coinbase roadmap.
๐Ÿ†• #COIN $O added to Coinbase roadmap.
๐Ÿง‘โ€๐Ÿ’ป Anthropic launches Claude Opus 4.8
๐Ÿ†• #BTC Fidelity Digital Assets states that Iran's acceptance of Bitcoin payments for Strait of Hormuz tolls indicates a growing shift away from dollar-based systems.
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๐Ÿ’ฐ #BTC Bitcoin has slipped to 13th place among the worldโ€™s largest assets by market capitalization.
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๐Ÿง‘โ€๐Ÿ’ป Claude AI developer Anthropic raises $65 billion at a $965 billion valuation.
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๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ—ฝ #BTC #ETH Treasury Secretary Scott Bessent urges lawmakers to advance the Clarity Act, stating, "The most important thing we can do is to make digital assets come into the United States. Make the U.S. the home." He encourages both the House and the Senate to finalize the Clarity Act.
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๐Ÿ’ต 250,000,000 $USDC (249,966,462 USD) minted at USDC Treasury.
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๐Ÿš€ #BTC Cathie Wood stated that 21 million units have been minted, with only one million remaining.

She emphasized that Bitcoin is mathematically metered, with a current supply increase of approximately 0.9% per year, which is lower than gold's long-term rate. In the next two years, this increase is expected to drop to 0.45% per year, highlighting the evolving scarcity value of Bitcoin.
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