US SEC has postponed decisions on Cardano and Avalanche Grayscale spot exchange-traded fund (ETF) application from 29th May to 13th July. The absolute duration and date of final ruling remains same i.e. 240 days and 22nd Oct. 2025 respectively. Final Verdict on Cardano And Avalanche Spot ETF Moved to 13th July According to an SEC release, the Commission confirmed its decision to push back its decision on Grayscale’s Avalanche and Cardano ETFs. Per the release, the SEC is opting to delay Grayscale’s attempt to convert its Avalanche Trust into a spot ETF review. As reported by Coingape earlier, the SEC acknowledged the Grayscale Cardano Spot ETF on 24th Feb. 2025. Source: ChatGpt, SEC delays Cardano and Avalanche Spot ETF to 13th July On the… Read More at Coingape.com
Bitcoin’s price surged strongly recently but faced a correction early last week. Now, the crypto king aims to recover those losses and continue its upward momentum.
This rebound looks possible due to solid investor support, which is helping to stabilize the market and foster renewed confidence.
Bitcoin Investors Remain Bullish
Supply by Investor Behavior shows an uptick in Bitcoin. BTC first-time buyers have a sharp rise from July to December 2024 and again from March to May 2025. Both periods align with significant price expansions, indicating fresh capital inflows are strengthening the market’s structure.
These new investor inflows suggest growing confidence in Bitcoin’s future. This influx of capital can sustain price growth by increasing demand, which, combined with limited supply, creates upward price pressure. Investors appear optimistic about Bitcoin’s long-term potential.
Bitcoin Supply By Investor Behavior. Source: Glassnode
The HODLer Net Position Change highlights that long-term holders (LTHs) remain consistently bullish. LTHs are critical for price support, as they reduce the circulating supply by holding their coins. The presence of extended red bars in the indicator signals active accumulation, which keeps the price buoyant.
This steady accumulation by LTHs reflects a strong conviction, helping Bitcoin maintain resilience against short-term market fluctuations. The continued buying pressure from these holders provides a foundation for sustained price increases.
Bitcoin HODLer Net Position Change. Source: Glassnode
BTC Price Needs To Secure Support
Bitcoin’s price currently sits at $109,160, just below the key resistance level of $110,000. Flipping this psychological barrier into support is essential for Bitcoin’s continued rise. Securing this level would restore bullish momentum and attract further buying interest.
If Bitcoin holds above $110,000, the path to surpassing its all-time high of $111,980 looks clear. This breakout could fuel a rally toward $115,000 in the coming days, driven by renewed investor enthusiasm and favorable market conditions.
However, if LTH accumulation slows or is offset by selling pressure, Bitcoin could face downward pressure. A drop below $106,265 could push the price down to $105,000, invalidating the current bullish outlook and signaling caution for traders.
The U.S. Securities and Exchange Commission (SEC) clarified on May 29, that certain protocol staking activities on proof-of-stake (PoS) blockchain networks do not qualify as securities offerings. The Division of Corporation Finance stated that staking on PoS networks, including related services, is not subject to federal securities laws registration or exemptions. US SEC Clarifies Staking Activities Are Not Securities According to the US SEC’s Division of Corporation Finance, participants in specific protocol staking activities do not need to register transactions with the Commission under the Securities Act. The guidance applies to self-staking by node operators, self-custodial staking with third parties, and custodial staking arrangements where a custodian stakes on behalf of asset owners. Per the Division, staking rewards are compensation for the services node operators provide the network. These payments do not represent profits that others earn through being an entrepreneur or manager. As a result, staking is not covered… Read More at Coingape.com
