Market
SEC Delays XRP and Solana ETF Approvals

The SEC delayed several ETF applications today, specifically targeting those based on Solana, XRP, Litecoin, and Dogecoin. The Commission has faced recent criticism for its pro-crypto actions, and this may help buy it some time.
Nonetheless, it also acknowledged fresh applications shortly before delaying this group. Many of these filings came from the same issuers or applied to the same cryptoassets as the first group.
SEC Delays Altcoin ETFs
The SEC has been undergoing many changes recently, which has prompted a wave of altcoin ETF applications from several potential issuers.
The Commission began acknowledging these applications, creating a series of deadlines to either approve or reject them. Today, the SEC punted on a tranche of applications, delaying proposals for Solana, XRP, and others.

In total, the SEC delayed approval for six different ETFs based on Solana, XRP, Litecoin, and Dogecoin. The acknowledged Solana ETF applications previously had a deadline set for today, and this extension gives the Commission a chance to consider the matter more fully.
By contrast, the XRP ETF, did not have an SEC deadline until several months from now. The Commission delayed applications from Canary and Grayscale but not Bitwise; this final proposal is the most recent of the three.
Bizarrely, the Commission acknowledged another application on its website today, an XRP ETF prospectus filed by Franklin Templeton.
In other words, the Commission’s rationale here is a bit difficult to understand. Even as the SEC delays several ETFs, it’s also acknowledging several fresh ones.
“Yes, the SEC just punted on a bunch of alt coin ETF filings including Litecoin, Solana, XRP & DOGE. It’s expected as this is standard procedure & Atkins hasn’t even been confirmed yet. This doesn’t change our (relatively high) odds of approval. Also note that the final deadlines aren’t until October for these,” wrote ETF analyst James Seyffart.
In addition to Franklin Templeton’s XRP ETF, it also recognized a Dogecoin ETF application and another based on Hedera.
There is one possible explanation for the SEC’s choice to delay ETF proposals. Approving fresh altcoin ETFs would significantly shake up the market, and it’s already in a moment of chaos.
The Commission is short a member until its new Chair gets confirmed by the Senate, and it may already be delaying other actions until this happens.
“Eth staking and in-kind also delayed. Everything delayed. It’s like the NYC-bound Amtrak on monday morning: Mechanical issues in DC,” wrote analyst Eric Balchunas.
One of the SEC’s Commissioners has dramatically broken with precedent to directly criticize its new pro-crypto turn, and the Commission has continued taking bold actions since.
If the SEC approves these altcoin ETFs immediately, it might invite further fractures of this nature.
Of course, the Commission hasn’t explicitly stated any of its intentions on this matter. The SEC took its time to consider ETF applications under Gary Gensler thoroughly, and the trend may simply be continuing.
One thing does seem clear, however. With this many postponements in one day, any new altcoin ETF approvals might take several more months to come.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
XRP Price Eyes Upside Break—Can Bulls Push Through Resistance?

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Market
Pi Coin Centralization Raises Serious Questions About the Future

According to data from PiScan, the Pi Network’s core team currently holds the majority of the total Pi Coin (PI) supply.
While such concentration may be necessary during the early stages of a network’s development, it also raises significant concerns about the project’s future decentralization.
Pi Coin Supply Concentration: Core Team’s Control Sparks Worries
The latest data reveals that the Pi Network’s core team controls approximately 62.8 billion Pi Coins across six wallets. Additionally, around 20 billion PI sits in roughly 10,000 unlisted wallets that belong to the team.

This brings the total supply held by these entities to about 82.8 billion PI. It represents a major chunk of the total maximum supply of 100 billion.
Further complicating the centralization issues, Pi Network is currently operating with only 43 nodes and three validators globally. In stark contrast, more established Layer 1 networks, such as Bitcoin (BTC), operate with over 21,000 nodes. Moreover, Ethereum (ETH) has over 6,600, and Solana (SOL) has around 4,800 nodes.
The limited number of nodes and validators means that control of the network is concentrated in the hands of a few entities. Therefore, this makes the network much more centralized than its more established counterparts.
That’s not all. This lack of transparency adds another layer of uncertainty.
“Analyzing Pi Network’s source code and on-chain data is currently challenging due to its incomplete openness,” PiScan posted on X.
Meanwhile, Pi Network has also raised doubts regarding privacy and third-party involvement. In the 2025 privacy policy update, Pi Network revealed that it uses ChatGPT for its Know Your Customer (KYC) process. This feature was not mentioned in the previous version of the policy.
“We use ChatGPT, as a trusted AI partner, to automate identity verification and enhance security measures. By using our KYC services, users consent to the use of ChatGPT, and other AI providers that may be later implemented, as part of our KYC process,” the document states.
The introduction of artificial intelligence (AI) into the KYC process brings a new layer of complexity to how user data is shared and processed.
These concerns add to a growing list of issues surrounding Pi Network. The community has previously highlighted technical difficulties during the mainnet migration. In addition, many users, frustrated by the long lockup period and limited immediate access to their tokens, have been trying to sell their accounts.
This dissatisfaction has resulted in a sharp decline in Pi Network’s popularity. According to Google Trends, the search interest for “Pi Network” has dropped significantly since the mainnet launch on February 20.

On launch day, the search interest was at 100, indicating a peak of public attention and excitement surrounding the event. However, this figure has plummeted to just 12 at the time of this report, reflecting a steep decline in interest.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Ethereum Price Recovery Capped—Bulls Struggle Near Resistance

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Ethereum price failed to clear the $2,000 resistance and trimmed gains. ETH is now consolidating and facing hurdles near the $1,920 resistance.
- Ethereum started a fresh decline below the key support at $2,000.
- The price is trading below $1,950 and the 100-hourly Simple Moving Average.
- There is a short-term bearish trend line forming with resistance at $1,890 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair must clear the $1,890 and $1,950 resistance levels to start a decent increase.
Ethereum Price Faces Resistance
Ethereum price started a fresh decline from the $2,020 resistance, like Bitcoin. ETH declined below the $2,000 support to enter a bearish zone.
The bears gained strength for a move below the $1,820 support. Finally, the bulls appeared near the $1,750 zone. A low was formed at $1,753 and the price is now correcting some losses. There was a move above the $1,780 and $1,850 resistance levels.
It cleared the 23.6% Fib retracement level of the downward wave from the $2,150 swing high to the $1,753 low. Ethereum price is now trading below $1,950 and the 100-hourly Simple Moving Average.
On the upside, the price seems to be facing hurdles near the $1,890 level. There is also a short-term bearish trend line forming with resistance at $1,890 on the hourly chart of ETH/USD. The next key resistance is near the $1,920 level.
The first major resistance is near the $1,950 level and the 50% Fib retracement level of the downward wave from the $2,150 swing high to the $1,753 low. A clear move above the $1,950 resistance might send the price toward the $2,000 resistance.

An upside break above the $2,000 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,120 resistance zone or even $2,250 in the near term.
More Losses In ETH?
If Ethereum fails to clear the $1,890 resistance, it could start another decline. Initial support on the downside is near the $1,845 level. The first major support sits near the $1,800 zone.
A clear move below the $1,800 support might push the price toward the $1,750 support. Any more losses might send the price toward the $1,720 support level in the near term. The next key support sits at $1,650.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone.
Hourly RSI – The RSI for ETH/USD is now below the 50 zone.
Major Support Level – $1,800
Major Resistance Level – $1,890
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