Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    Blockchain Could Revolutionize What We Eat, Study Reveals

    June 7, 2025

    Beeple’s “Tree of Knowledge” Triptych: A Deep Dive Into Digital Art Mastery | NFT CULTURE | NFT News | Web3 Culture

    October 4, 2024

    Chainalysis raises $100 million in latest funding round; company’s valuation crosses $2 billion

    November 26, 2023
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      Sonic price prediction 2025, 2026, 2027-2031

      September 3, 2025

      Crypto Exchange Gemini Shares IPO Details, Aims to Raise $317M

      September 2, 2025

      Japanese gaming firm Gumi bets $17 mln on XRP, skips Ethereum: Here’s why

      September 1, 2025

      Bitcoin Treasury Race Heats Up As Dutch Firm Shoots For $23-M Launch

      August 31, 2025

      Memecoin with high growth potential in 2025

      August 29, 2025
    • Technology

      Can $0.23 hold after volatile Trump token launch?

      September 3, 2025

      Solana Set to Approve Alpenglow, Slashing Finality to 150ms

      September 1, 2025

      Philippines May Become First Country to Put Entire National Budget on Blockchain

      August 31, 2025

      Why MicroStrategy clones are choosing Solana over Bitcoin for corporate treasuries

      August 30, 2025

      XRP price could rocket past $5 in September as catalysts ignite

      August 29, 2025
    • Learn/Guide

      Fed to host October conference on stablecoins, DeFi, AI, and tokenization

      September 3, 2025

      Pineapple Financial launches $100M Injective treasury, first public company to hold INJ

      September 2, 2025

      Hong Kong University’s business school considers accepting Bitcoin for tuition and donations

      August 31, 2025

      Reddit sunsets Collectible Avatar Creator Program and shifts royalties to artists

      August 30, 2025

      SBI-backed game maker Gumi announces $17 million XRP purchase

      August 29, 2025
    • NFTs

      Slimesunday’s Magnum Opus: ‘Banned from New York’ Blows the Lid Off Digital Censorship | NFT CULTURE | NFT News | Web3 Culture

      July 22, 2025

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025
    • Regulation

      KuCoin Taps Vietnam’s VBA in Push for 2025 Blockchain Strategy

      September 3, 2025

      Crypto Investors Face New Rules as South Korea Joins OECD’s Reporting System

      September 2, 2025

      Japan Post Bank to Roll Out Yen-Backed Digital Currency in 2026

      September 1, 2025

      Russia to Impose Stricter Rules on Banks Handling Crypto Transactions

      August 30, 2025

      CFTC Greenlights Offshore Crypto Access

      August 29, 2025
    • Business

      Metaplanet Is About to Drop $881M Into Bitcoin, Here’s the Timeline

      August 27, 2025

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » Long-Term Bitcoin Hodlers Unfazed By Binance, Coinbase Lawsuits: Glassnode
    News

    Long-Term Bitcoin Hodlers Unfazed By Binance, Coinbase Lawsuits: Glassnode

    June 16, 20233 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    bitcoin
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Long-term Bitcoin holders are standing strong amidst the storm, undeterred by the recent lawsuit filed against Binance and Coinbase Exchange by the US Securities and Exchange Commission (SEC). 

    The resilience of these dedicated holders is evident as data from crypto markets analytics provider, Glassnode, reveals that the percentage of Bitcoin Long-Term Holder Supply sent to Exchanges remains incredibly low, standing at a mere 0.004%.

    While regulatory actions have sent shockwaves through the crypto community, long-term holders of the crypto remain unwavering in their commitment to this pioneering digital asset. 

    The percentage of #Bitcoin Long-Term Holder Supply sent to Exchanges remains extremely quiet at 0.004%.

    This highlights the profound inactivity of the cohort amidst elevated market distress, remaining indifferent to the #Binance and #Coinbase regulatory charges. pic.twitter.com/yWfdQHu4Ca

    — glassnode (@glassnode) June 11, 2023

    Their steadfast belief in the potential of Bitcoin to revolutionize the financial landscape acts as an unbreakable bond that shields them from the turbulence of the present moment. 

    FUD Fails To Shake Bitcoin Holders

    Contrary to prevailing expectations that the recent lawsuits targeting Coinbase and Binance would spur a mass exodus of cryptocurrency assets, a comprehensive analysis by Glassnode has shattered this assumption. The data provided by Glassnode shows that these legal proceedings have had no discernible impact on the unwavering resolve of long-term BTC holders.

    According to Glassnode’s classification, long-term holders encompass those who have valiantly held their BTC for over 155 days, an impressive feat in the fast-paced world of cryptocurrencies. Remarkably, these individuals have shown no inclination to liquidate their assets through the embattled trading platforms. 

    Glassnode’s meticulous examination of the situation has already demonstrated the limited likelihood of assets held for such extended periods being readily sold off.

    Bitcoin retreats to the $25K region today. Chart: TradingView.com

    Bitcoin Challenges SEC’s Definition Of Securities

    In the vast web of the SEC’s efforts to classify digital assets as securities, one prominent exception stands tall: Bitcoin. The SEC’s framework, hinging on the famous Howey Test, faces significant hurdles when applied to the world’s leading cryptocurrency.

    The Howey Test finds its roots in a landmark 1946 Supreme Court case involving the sale and leaseback of Florida orange groves by W.J. Howey Co. The court deemed these leaseback arrangements as investment contracts, necessitating their registration with the SEC.

    Bitcoin

    Image: Investor's Business Daily

    This case further laid out the definition of a security, specifically as “an investment of money in a common enterprise with profits to come solely from the efforts of others.”

    Even today, the SEC continues to rely on this measure. However, BTC’s unique attributes, staunchly defended by its proponents, prevent it from satisfying the requirements of the Howey Test. 

    Prominent figures within the SEC, including current chairman Gary Gensler and former chief Jay Clayton, have consistently expressed the belief that the alpha coin does not fall under the definition of a security. 

    Gensler reiterated this stance, stating unequivocally, “It’s not,” during recent public comments.

    Featured image from NurPhoto/Getty Images





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Sonic price prediction 2025, 2026, 2027-2031

    September 3, 2025

    Crypto Exchange Gemini Shares IPO Details, Aims to Raise $317M

    September 2, 2025

    Japanese gaming firm Gumi bets $17 mln on XRP, skips Ethereum: Here’s why

    September 1, 2025

    Bitcoin Treasury Race Heats Up As Dutch Firm Shoots For $23-M Launch

    August 31, 2025
    Top Posts

    Piggy Bank Daily Combo – December 13, 2024

    December 13, 2024

    Blockchain Gaming Giant Animoca Brands Joins Toncoin as Largest Validator

    November 29, 2023

    How Does a Successful Cryptocurrency Investor think?

    June 11, 2023

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    Sonic price prediction 2025, 2026, 2027-2031

    September 3, 2025

    Crypto Exchange Gemini Shares IPO Details, Aims to Raise $317M

    September 2, 2025

    Japanese gaming firm Gumi bets $17 mln on XRP, skips Ethereum: Here’s why

    September 1, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.