Viral Keynote 2 Boosts BlockDAG’s Global Dominance as Presale Hits $41.9M; Ethereum ETF Approvals & Avalanche’s Bearish Prices
The SEC recently approved Ethereum ETFs, clarifying Ether’s status as a commodity, but that doesn’t cover staked Ether. Meanwhile, AVAX is currently consolidating, and the recent price analysis for Avalanch indicates a potential breakout.
On the other hand, BlockDAG (BDAG) continues capturing the spotlight in the crypto world, with its presale surpassing $41.9 million through selling 10.8 billion coins and over 7100 mining devices. This surge in presales is caused by the popularity it gained through its global hotspot presence and the latest release of its Keynote 2, which dissects all the technical aspects of BlockDAG. The keynote shows why BlockDAG is poised to be the new crypto bull run of the upcoming years.
The SEC’s approval of Ethereum spot ETFs clarifies Ether’s status as a commodity but leaves staked Ether and staking in regulatory limbo. SEC Chair Gary Gensler has suggested that staking could violate securities laws. The recent approval lists Ether as a “commodity-based trust share,” aiding crypto firms in legal battles with the SEC.
However, the approval does not cover staked Ether, which remains under scrutiny. Legal experts argue that staking might be seen as a securities transaction if entities manage staked assets. The SEC has already won a case against Kraken for its staking program, highlighting the regulatory challenges ahead.
Avalanche (AVAX) traders are focusing on three crucial price levels to predict future movements. After peaking at $65.39 on March 18, AVAX has dropped 45% to around $36.72. Avalanche price analysis reveals key support at $31.72, where 866,000 addresses initiated buying AVAX, creating a strong demand zone.
Resistance is at $48.67, with 1.04 million addresses holding AVAX
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