In a recent update, Bloomberg’s Senior ETF Analyst Eric Balchunas shared fresh updates on the chances of various spot cryptocurrency ETFs getting approved by the U.S. Securities and Exchange Commission (SEC).
In a post on X (formerly Twitter), Balchunas mentioned he’s hoping to hear from the SEC directly, but for now, the chances for several crypto ETFs getting the green light are looking strong.
The analyst has listed the approval odds for popular cryptocurrencies like Litecoin, Solana, XRP, and others. And guess what? Some of them have a 90% chance of approval in 2025.
Here’s a quick, easy look at the latest numbers:
Crypto Basket ETFs (mix of different coins) – 90%
Litecoin (LTC) – 90%
Solana (SOL) – 90%
XRP – 85% (important update coming on April 21st)
Dogecoin (DOGE) – 80%
HBAR – 80%
Cardano (ADA) – 75%
Polkadot (DOT) – 75%
Avalanche (AVAX) – 75%
Most of these crypto assets are likely to be treated as commodities by the SEC, which makes their approval chances even brighter.
The report also points out key dates and regulatory deadlines for each ETF. It’s clear that the crypto market is moving closer to becoming a bigger part of the traditional financial world. If these ETFs get approved, it could open the door for more investors to safely and easily invest in popular cryptocurrencies through regular stock market channels.
A sub-wallet is snapping up millions of Pi Coins from centralized exchanges in eyebrow-raising fashion. Cryptocurrency expert Dr Altcoin reveals that the wallet is affiliated with the Pi Core Team (PCT) and is a valiant attempt to stabilize the Pi Network price.
PCT-Linked Sub-Wallet Buys 48 million Pi Coins
According to cryptocurrency expert Dr Altcoin, the PCT is wading into stabilizing the Pi Network price following the Pi unlock event. In a post on X, Dr Altcoin revealed that the PCT is snatching millions of Pi Coins from centralized exchanges via a sub-wallet.
Dr Altcoin notes that the sub-wallet has launched a Pi Coin accumulation spree, gobbling up 48.5 million Pi worth $31 million. The sub-wallet, created only two months ago, has acquired a chunk of its Pi holdings from centralized exchanges.
Reports of a Pi Network price crash following the Pi unlock event have triggered worry among community members. To address the fears, Dr Altcoin says the PCT is attempting to buy millions of Pi Coins from exchanges. He argues that the mass purchase is a better short-term strategy for the Pi Network than burning Pi Coins.
“This sub-wallet only recently began accumulating Pi and currently holds around 48.5 million coins,” said Dr Altcoin. “It’s a smart alternative to burning tokens, but it is only a short-term strategy.”
Pi Network Price Is Holding Up Well, Yet Concerns Remain
At the moment, it appears that the PCT’s short-term strategy of buying Pi Coins from centralized exchanges is yielding benefits. Pi Network price is trading above $0.6 after racking up nearly $6% over the last day. Daily trading volume is up by 53.86% to settle at $116.4 million.
Enthusiasm for Pi Coin to reach $5 is at a high following reports of whales moving 41 million Pi from exchanges. However, there are lingering fears of a Pi Network price drop if the PCT cannot continue to fund its Pi Coin purchasing spree.
“The million-dollar question is: Can the PCT afford to keep buying Pi from CEXs to stabilize the price, or are there better long-term plans in place?”
If the PCT is unable to continue buying Pi Coins from exchanges, a steep price drop to $0.3 is a grim possibility for the Pi Network price.
Shady activity on Banxa threatens investors with wild volatility in the near future, as investors turn to the PCT for a cushioning effect.
After being trapped in a falling trend in the past two months, Shiba Inu (SHIB), the largest dog-themed memecoin on the Ethereum (ETH) network, has possibly reached its correction bottom. The mid-cap memecoin, with a fully diluted valuation of about $7.4 billion and a 24-hour average trading volume of about $120 million, has rebounded 5 percent in the past seven days to trade about $0.0000126 on Wednesday, March 19, 2025, during the mid-London trading session.
In the past few months, Shiba Inu’s price has suffered heightened bearish sentiment due to low demand for memecoins and the macroeconomic shift triggered by the U.S.-led tariff wars. However, a potential bullish breakout for Bitcoin (BTC) amid the gold price rally, has triggered a surge in Shiba Inu transactions greater than $100k to around 67 on Wednesday according to data from Intotheblock.
Midterm Expectations for Shiba Inu Price
From a technical analysis standpoint, Shiba Inu’s price has been retesting a crucial support range between $0.00001 and $0.000013. Worth noting that Shiba Inu price has depicted a high positive correlation with Ethereum price action, which is expected to rebound in the near future.
However, a consistent close below the established support range will trigger a further market correction toward $0.0000078, thus nullifying a potential parabolic rally in the coming months.
Favoring Fundamental Outlook
The Shiba Inu movement has grown significantly in the last few years from a speculative reliant memecoin to a utility-based altcoin. The launch of the Shibarium layer two scaling solution and ShibaSwap (BONE), which have a total value locked of about $2 million and $11 million respectively has played a crucial role in its overall growth and burn rate.
However, Shiba Inu has faced intense competition from other memecoin projects with vibrant online communities and developers.
The post Shiba Inu Price Prediction 2025: Can SHIB Rebound After Recent Downtrend? appeared first on Coinpedia Fintech News
After being trapped in a falling trend in the past two months, Shiba Inu (SHIB), the largest dog-themed memecoin on the Ethereum (ETH) network, has possibly reached its correction bottom. The mid-cap memecoin, with a fully diluted valuation of about $7.4 billion and a 24-hour average trading volume of about $120 million, has rebounded 5 …
Ethereum (ETH) faces a critical inflection point with two powerful catalysts converging on Wednesday, May 7.
Traders are split on whether the “perfect storm” could spark a breakout or deepen recent price volatility amid mixed macro signals and waning confidence in Ethereum’s narrative.
Ethereum Faces Volatile Crossroads: Pectra Upgrade and FOMC Converge
The long-awaited Ethereum Pectra upgrade is only hours out. It is expected to introduce key enhancements such as EIP-7702 and a 2,048 ETH staking cap, improving Ethereum’s usability and efficiency.
Combined with Fed Chair Jerome Powell’s potentially dovish tone, some believe this week could ignite a powerful rally in ETH and altcoins.
“May 7th Ethereum Pectra upgrade. May 7th FOMC. Micro caps already surging. If the Crypto Lords are on our side, mother of all breakouts could happen—especially on altcoins,” said CryptoSkull on X (Twitter).
Others echoed the sentiment, albeit with caution, cognizant of the volatility of the crypto market.
“FOMC week and ETH Pectra update? Time to keep our eyes peeled. Bullish vibes are great, but let us not forget the market’s mood swings. Feds might just throw us a curveball,” another user warned.
Meanwhile, another cohort sees the collision between Pectra Upgrade and the FOMC meeting as a high-stakes convergence. Specifically, the convergence of the two events will likely trigger a reaction in the Ethereum price.
Ethereum Community Borders Along Hope, Hype, and Hard Lessons
Still, not all see the Pectra upgrade as an immediate price catalyst. Maria Magenes, VP of Strategy at Hype Partners and former Balancer and MakerDAO marketing lead, tempered expectations.
“Even if I’ve joked about my hope for a price bump, that’s not the real point of why this is exciting… Network upgrades don’t imply price bumps… These aren’t cosmetic changes…They ensure Ethereum remains the most composable, decentralized, and reliable network in the ecosystem,” she explained.
Ethereum price action against event-specific volatility. Source: Maria on X
Meanwhile, others shared a nuanced take, calling Pectra a legit volatility trigger. Beyond the technical upgrade, however, Ethereum is also contending with a broader narrative crisis.
Nevertheless, the May 7 FOMC decision adds significant uncertainty. While most analysts expect the Fed to hold rates steady, traders remain wary of Powell’s tone. A hawkish stance could derail risk-on momentum.
“We’re still seeing the risk-off mentality going into the Fed meeting…Bitcoin build-up is good…expecting ETH to turn upwards after Wednesday,” analyst Michaël van de Poppe wrote.
May 7 could shape Ethereum’s near-term fate, with the second-largest crypto by market capitalization metrics caught between protocol progress and macro peril.
On Wednesday, whether Pectra powers a rally or is drowned out by macroeconomic headwinds will be determined.
