The U.S. Securities and Exchange Commission has delayed its decision on four proposed Solana exchange-traded funds, including filings from Bitwise, 21Shares, VanEck, and Canary. The announcement, shared on a May 19 filing, indicates that the agency will “institute proceedings” to…

SEC delays decision on Solana ETF applications citing market manipulation concerns

Bitcoin (BTC) continues to show signs of strength despite experiencing a minor 
pullback in its most recent trading session. After briefly reaching a 24-hour 
high of $106,518, the asset retraced slightly and now trades at $104,820, 
reflecting a modest 0.5% decrease over the past day. Still, the cryptocurrency 
remains just 3.8% below its all-time high of $109,000 set in January, keeping 
traders and analysts closely focused on its next move. Notably, the current 
price action comes as changes in trading behavior emerge across major 
exchanges. Related Reading: Bitcoin Bulls Face Make-Or-Break Moment At 
$106,500 Resistance – Details Binance Spot Volume Signals Renewed Interest 
Amid Controlled Market Activity One notable development is the return of 
positive spot net volume delta on Binance, according to a new analysis by 
CryptoQuant analyst Darkfost. This metric, which measures the net difference 
between buying and selling volume on spot markets, suggests that spot demand 
for Bitcoin is increasing once again. Darkfost emphasizes that while rising 
spot volume can reflect growing interest, sharp spikes, especially during 
euphoric rallies or profit-taking phases, can sometimes coincide with local 
tops. Darkfost notes that previous surges in Binance spot volume were often 
linked to key market tops, driven by rapid sentiment shifts. Such volume 
expansions tend to result from two primary drivers: enthusiasm that leads 
traders to chase price action, and experienced investors taking profits after 
breaching key resistance zones. While these volume shifts don&#8217;t necessarily 
point to imminent reversals, they highlight periods where risk management 
becomes increasingly important. In the current cycle, however, the uptick in 
volume appears more gradual, which the analyst views as a healthier sign for 
market continuation rather than a sign of overheating. Binance’s position as 
the top global crypto exchange gives these trends additional weight. According 
to data referenced in Darkfost&#8217;s analysis, Binance accounts for more than 26% 
of global spot volume, far outpacing other platforms like Coinbase. Monitoring 
activity on such a dominant exchange provides useful insights into broader 
market sentiment, especially in periods where Bitcoin approaches key 
psychological levels like $100,000 or higher. Bitcoin MVRV Momentum Divergence 
Highlights Short-Term Risk Pockets In a separate report, another CryptoQuant 
analyst, Crazzyblockk, examined the market through the lens of MVRV (Market 
Value to Realized Value) momentum across both short- and long-term holders. 
The analysis found that while both groups are sitting on significant 
unrealized profits, short-term holders have seen their weekly MVRV momentum 
decline. This means that those who entered the market recently may not be 
achieving expected returns, which could increase the likelihood of short-term 
sell pressure. Related Reading: Bitcoin Up $18,000, But HODLer Profits Same As 
On April 1—Here’s Why The divergence in MVRV momentum between long-term and 
short-term holders is often seen as an early signal of a shift in market 
dynamics. If long-term holders begin to distribute profits while newer market 
entrants grow frustrated, short bursts of volatility could emerge. However, 
broader positive momentum and the resilience of spot market demand suggest 
that Bitcoin remains positioned for continued strength, provided these 
emerging risk signals do not escalate in the near term. Featured image created 
with DALL-E, Chart from TradingView

Bitcoin Market Update: Spot Demand Climbs As Short-Term Profits Lose Steam

If large-scale generalized AI will shape the next century, ensuring its 
rewards are broadly shared may become crypto’s most important legacy

AI is crypto’s redemption, and the next generation’s big bet | Opinion

AI startup Succinct has introduced its PROVE token as part of a new protocol 
designed to enhance legal contract analysis and verification using zero- 
knowledge proof technology. Succinct, an AI startup which raised $55 million 
to build tools that automate and…

Paradigm-backed AI startup Succinct launches token to transform contract analysis

Block co-founder Jack Dorsey has argued for making bitcoin transactions easier 
to follow and finalize, shedding the name of the smallest bitcoin unit, sats, 
and referring to them simply as bitcoin. This change, focused on retail, was 
proposed in BIP 177, presented by bitcoin proponent John Carvalho. Block&#8217;s 
Jack Dorsey Advocates for BIP 177, Shedding […]

Jack Dorsey Fights Against Sats, Supports Controversial Changes for Bitcoin

AAVE rallied as much as 25% today, fueled by growing optimism across its 
ecosystem and a spike in trading activity. Aave (AAVE) soared to an intraday 
high of $269 on May 20 afternoon Asian time, marking its highest level since…