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Pi (PI) has gone down by 10% in the past 24 hours and currently sits at $0.7485 after breaking its bullish price structure. Pi supporters have recently shared their concerns about a wave of potential insider selling going on that could put major pressure on Pi’s price action and could result in the token missing…
Key Takeaways: The U.S. Department of Justice seized over $24 million in crypto linked to a Russian national. The suspect allegedly ran a cybercrime operation that infected computers worldwide and later facilitated ransomware attacks. The FBI, in collaboration with international partners, led the investigation and plans to return the recovered assets to the victims. The…
Hyperliquid Labs submitted two formal comment letters to the U.S. Commodity Futures Trading Commission (CFTC) on May 23 in response to recent calls for public input on the future of perpetual swaps and 24/7 derivatives trading. The letters come after the close of a month-long comment period on two regulatory initiatives launched by the agency…
Despite Bitcoin (BTC) reaching a new all-time high at $111,965.80 on May 22, retail adoption and on-chain gauges indicate speculative leverage has not stretched market conditions. VanEck head of digital assets research Matt Sigel shared App-store data compiled by Bloomberg Intelligence, showing crypto-platform downloads fell 14% year-over-year in April. Binance and Crypto.com downloads dropped 29%…
Bitwise and UTXO Management project that 20% of all Bitcoin (BTC) could migrate to institutional balance sheets by end-2026, according to a new report published by Bitwise and UTXO Management on May 23. The study, called “Exploring the Game Theory of Hyperbitcoinization,” models five demand channels for Bitcoin. Nation-states top the list with a $161.7…
Labeling it proof of creeping corruption, Sen. Elizabeth Warren blasted Donald Trump’s crypto-fueled Trump gala on Thursday, arguing the $TRUMP dinner lets anonymous whales purchase presidential access. Lawmakers are now weighing tighter stablecoin rules in response. Elizabeth Warren Criticizes Trump In a May 22 press conference, Warren chided the $TRUMP dinner as an extension of…
Jupiter ($JUP) just doubled in price, smashing past $0.61 as $2.6 billion pours into Solana’s leading DEX. After this 100% jump, many now speculate that Jupiter can challenge Uniswap’s throne. The growth comes as Jupiter pushes into lending and launches major wallet upgrades. Trading volume also rocketed 144% overnight, and analysts see a classic bullish…
Kraken has introduced perpetual futures contracts for Pi Network’s native token, PI, allowing traders to speculate on its price with up to 20x leverage, according to a May 23 announcement. The listing marks the token’s first appearance on a major derivatives platform. However, it failed to create positive momentum for the token’s price. Based on…
Key Takeaways: CZ rejects WSJ’s “fixer” claims, calling it anti-crypto bias. Ethics probes target Trump-linked WLFI as his family takes 75% of token profits. VIPs lose $3.9B on $TRUMP tokens; critics call it a Ponzi scheme. “I am not a fixer for anyone,” fired Changpeng “CZ” Zhao on May 23, slamming a Wall Street Journal…
