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The United States Securities and Exchange Commission has delayed a decision on staking for the Bitwise Ethereum ETF. This decision comes after months of talks between Bitwise, NYSE Arca, and regulators. SEC Launches Fresh Review as Bitwise Pushes for Staking in Ethereum ETF The Ethereum ETF was first approved to hold Ethereum directly, but Bitwise
The post Breaking: US SEC Delays Staking For Ethereum ETF With Bitwise Decision appeared first on CoinGape.
Ethereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism. Historical trends, on-chain data, whale accumulation behavior, and upcoming technological upgrades form a strong foundation for a potential price rebound.
Here are four key reasons why analysts believe ETH could recover strongly in May.
The first reason stems from ETH’s historical price performance. Data from CoinGlass shows that May is typically the best-performing month for ETH.
Over the years, ETH has posted an average return of 27.36% in May, the highest among all months.
While not every May ends with gains, historical trends suggest this month usually brings positive sentiment and upward momentum for ETH. Given the current conditions, Cyclop expects ETH to maintain its growth this month and reach the $2,500 target.
“May is historically the best month for ETH. $2,500 by the month’s end,” analyst Cyclop predicted.
Another critical factor supporting a bullish outlook is on-chain data, particularly the MVRV (Market Value to Realized Value) ratio. According to analyst Michaël van de Poppe, ETH’s MVRV ratio is currently at its lowest since March 2020, when the COVID-19 pandemic heavily impacted the crypto market.
A low MVRV ratio suggests ETH is undervalued compared to its on-chain value. This signal has only appeared six times in the past ten years, often preceding major recoveries. The chart also indicates that ETH could experience significant growth within the next 3 to 12 months.
The third bullish sign is recent whale accumulation behavior. According to CryptoQuant, these investors didn’t abandon their strategy even though ETH’s price dropped, and many accumulation addresses remain at unrealized losses.
Instead, they increased their ETH holdings.
On March 10, accumulation addresses held 15.5356 million ETH. By May 3, this number had climbed to 19.0378 million ETH — a 22.54% increase.
“ETH investors demonstrate strong belief in the asset, project, and ecosystem. Their on-chain behavior reflects structural conviction and clear expectations of short-term appreciation — aligned with Ethereum’s broader evolution,” analyst Carmelo_Alemán said.
Finally, Ethereum’s upcoming Pectra upgrade, scheduled for May 7, 2025, contributes to market optimism. The upgrade aims to improve wallet usability and user experience. It could boost dApp adoption and long-term ETH demand.
Meanwhile, May 7 is also the date of the FOMC meeting, where the Fed will announce its interest rate decision. If macroeconomic news is favorable, it could amplify ETH’s short-term gains alongside the other factors.
However, if the news is negative, it could complicate ETH’s price action in May.
The post Analysts Highlight 4 Reasons Why ETH Price Could Rebound Strongly in May appeared first on BeInCrypto.
The post Pi Network News Today: Expert Finally Reveals Why Binance Might Never List Pi Coin appeared first on Coinpedia Fintech News
Pi Coin’s price has been on a rollercoaster—rising to $2.98 before crashing down to $0.50, leaving many surprised. As of now, Pi is down over 11% and trading at $0.63. One reason for Pi Coin’s struggle could be its absence from major exchanges like Binance and Coinbase, which limits its visibility and trading volume.
As reported by Bao Moi, Nguyễn Hà Minh Thông, founder of Cabo Capital in Ho Chi Minh City, has shared reasons on why Binance has yet to list Pi Token. The expert said that while the Pi community might believe the project doesn’t need Binance, without recognition from major exchanges, Pi will continue to face skepticism and struggle to achieve real market value.
Pi Network’s mainnet has been live since late 2024, but it remains in an “enclosed” state, meaning transactions are limited to its internal ecosystem. Binance prefers projects with fully open, public blockchains to ensure transparency and market stability.
The total supply of Pi is reportedly 100 billion tokens, but only about 6.8 billion are in circulation. The Pi Core Team has also reduced the supply by removing 10 million tokens without clear explanations, raising concerns about potential price manipulation. Binance requires clear data on token distribution to avoid risks.
Binance is under regulatory pressure globally, especially in the U.S., where legal issues around money laundering and financial compliance are serious. Pi Network has not been officially recognized by any regulatory body. In Vietnam, cryptocurrencies aren’t legally recognized, and in China, Pi was flagged as a “multi-level marketing project.” Listing Pi could expose Binance to legal risks.
For a token to be listed on Binance, it needs strong liquidity and trading volume on major exchanges. Pi currently trades mainly through OTC channels like Telegram and small exchanges (e.g., OKX, HTX) with unstable prices. Binance prefers tokens that have experienced real price discovery in open markets.
Pi Network has faced criticism for its high level of centralization, with the Pi Core Team controlling all mainnet nodes. This contradicts the decentralization principle that major exchanges like Binance prioritize, as seen with Bitcoin and Ethereum.
The post Pi Network News Today: Expert Finally Reveals Why Binance Might Never List Pi Coin appeared first on Coinpedia Fintech News
Pi Coin’s price has been on a rollercoaster—rising to $2.98 before crashing down to $0.50, leaving many surprised. As of now, Pi is down over 11% and trading at $0.63. One reason for Pi Coin’s struggle could be its absence from major exchanges like Binance and Coinbase, which limits its visibility and trading volume. As …
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