FLOKI Price Prediction: $0.000045 Breakout Target as Technical Reset Creates Entry Window

The post FLOKI Price Prediction: Technical Breakdown Signals $0.000026 Target or Dead Cat Bounce to $0.000038 by Q3 2026 appeared on BitcoinEthereumNews.com. Alvin Lang May 16, 2026 08:17 FLOKI’s technical pattern shows bearish momentum accelerating with price action hugging lower Bollinger Bands and stochastic indicators deep in oversold territory. The setup suggests either a break… Market Context: Why FLOKI is Moving Now FLOKI finds itself trapped in a six-month descending pattern after dropping 6.75% in the last 24 hours to $0.00003186. The meme coin has been steadily losing ground as retail enthusiasm fades and macro uncertainty weighs on speculative assets. Blockchain.news analysis reveals the token is testing critical support levels that could determine its trajectory through the remainder of 2026. The current price action coincides with broader weakness across meme tokens, as traders rotate out of speculative plays into more defensive positions. Volume has cont

The post Metaplanet Q1 Profit Surges Despite $728M Bitcoin Loss appeared on BitcoinEthereumNews.com. Terrill Dicki May 13, 2026 13:20 Metaplanet’s Q1 operating profit rose to $14.4M, but a $728M non-cash Bitcoin valuation loss weighed heavily as BTC dropped 24%. Tokyo-listed Metaplanet reported robust first-quarter operating income of 2.27 billion Japanese yen (approximately $14.38 million) for fiscal year 2026, driven by surging Bitcoin-related revenues. However, the company suffered an ordinary loss of $728 million due to non-cash valuation markdowns on its expanding Bitcoin holdings as BTC prices tumbled 24% in the same period. Revenues climbed sharply to $19.5 million, up from $5.5 million a year earlier, fueled by its Bitcoin Income Generation business, which includes option premiums and derivative valuation gains. Despite these gains, the company marked down its Bitcoin holdings as prices fell from $87,000 on January 1 to $66,000 by March 31, according to Coinge

The post Kraken Exchange Revenue Triples as IPO Plans Advance appeared on BitcoinEthereumNews.com. Terrill Dicki May 13, 2026 05:10 Kraken’s revenue tripled to $2.2B in 2025, fueled by trading volume and acquisitions, as the exchange nears its US IPO launch. Kraken, one of the largest cryptocurrency exchanges in the U.S., is gearing up for a public listing while reporting significant financial growth. The exchange’s adjusted revenue soared from $0.7 billion in 2023 to $2.2 billion in 2025, with $531 million in EBITDA last year, according to a new report. This growth has been driven by a combination of surging trading volumes and aggressive acquisitions. Kraken averaged $1.07 billion in monthly spot trading volume during the first four months of 2026, with weekdays seeing significantly higher activity than weekends. Perpetual futures trading lagged behind, averaging $0.68 billion monthly over the same period. February 5, 2026, marked a standout trading day as Bitcoin p