Pi Network plummets 33%, falling below $1 as the community accuses it of betrayal
The price of Pi Network recently soared by 100% to $1.40, but has since dropped by 33%. Currently, the token is trading at around $0.86. This crash stemmed from a statement released by the Pi core team on May 14, which left many supporters feeling disappointed and angry. What happened? On May 14, the Pi core team announced the launch of Pi Network Ventures—a $100 million investment plan aimed at supporting startups and businesses that drive the practical application of Pi cryptocurrency. The fund is held in both Pi and USD, and aims to support innovative projects across various industries to strengthen the Pi ecosystem.
Ethereum Price Breaks $2,700 - Rally Gains Momentum Again
Ethereum price continues to rise, breaking through the $2,700 area. Currently, ETH is correcting gains and may retest the support level of $2,575. Ethereum starts a new round of upward movement, breaking the resistance level of $2,700. Price is above $2,620 and the 100-hour simple moving average. On the ETH/USD hourly chart, it broke through the connecting bearish trendline, with resistance at $2,450 (data provided by Kraken). The currency pair may find a buy price near $2,575 and start a new round of upward movement in the short term. Ethereum price resumes its upward movement
SEC Chairman Advocates for New Cryptocurrency Framework: BTC Expected to Breakthrough as Market Confidence Grows
On May 14, the new chairman of the U.S. Securities and Exchange Commission (SEC) delivered a speech at a special task force meeting, marking a significant advancement in the field of cryptocurrency. He emphasized the importance of establishing a robust regulatory framework for cryptocurrencies to foster innovation and protect investors. The chairman highlighted that the SEC's regulatory approach is shifting towards proactive rule-making and clarifying the regulatory requirements for securities-like token offerings, rather than solely relying on enforcement actions. Under Chairman Atkins' guidance, this strategic shift indicates a more lenient stance on the classification and compliance of cryptocurrency assets. This regulatory clarity is expected to enhance market confidence and positively impact the overall sentiment within the cryptocurrency community. Analysts suggest closely monitoring the market, noting that breaking through the key resistance level of $105,000 for Bitcoin could trigger a significant influx of capital. Investors are advised to focus on assets related to regulatory compliance, including exchange tokens and tokens that meet regulatory agency requirements.
Tether Acquires $458.7 Million Worth of Bitcoin for Twenty One Capital
Tether increased its Bitcoin holdings in Twenty One Capital by 4,812 Bitcoin, which is currently traded under Cantor Equity Partners until the two companies complete their merger. Stablecoin issuer Tether purchased $458.7 million worth of Bitcoin for its supported Bitcoin investment company, Twenty One Capital, which is awaiting completion of a special purpose acquisition company (SPAC) merger with Cantor Equity Partners. Tether purchased 4,812.2 Bitcoin. Cantor Equity Partners disclosed in a filing submitted to the U.S. Securities and Exchange Commission on May 13 that the company sold these bonds at a price of $95,319 per share and transferred them to a custody wallet on May 9.
ZKsync X Hackers Release False SEC Investigation to Undermine Token
The X accounts of ZKsync and Matter Labs were hacked, with attackers apparently trying to undermine the ZK token by falsely claiming that U.S. authorities are investigating the platform. The X accounts of ZKsync, the Ethereum Layer 2 network, and its developer Matter Labs were hacked in the early hours of May 13, with hackers falsely claiming that the network is under investigation by U.S. authorities among other scam information. On May 13, an X account related to ZKsync posted a message confirming that the accounts of ZKsync and Matter Labs had been compromised, warning users not to interact with these accounts, as they shared links to fake airdrops in an obvious phishing scam.
Spot Bitcoin ETFs See Three Consecutive Weeks of Inflows, Totaling $5.8 Billion
Concerns over the trade war have eased as the U.S. reached an agreement with an important partner and indicated it would hold talks with China to improve relations, keeping investor demand high, resulting in strong inflows into U.S. spot Bitcoin ETFs for the third consecutive week.
According to data from SoSoValue, during the past week (May 5 to 9), 12 spot Bitcoin ETFs saw total inflows of $921 million. Notably, these investment products have maintained strong inflows for three consecutive weeks, totaling nearly $5.8 billion. Farside data shows that BlackRock's IBIT once again led the way, attracting over $1 billion in inflows just last week. The fund has now seen inflows for 19 consecutive days, with total assets exceeding $5 billion, making it the longest-running fund in terms of consecutive inflows among this year's spot Bitcoin ETFs.
Bitcoin supply loss drops below 2%, profitability reaches peak of 98%, future prices may experience volatility
Bitcoin continues to show resilience, with its supply loss dropping below 2%, indicating that holders are shifting towards profitability. The loss supply of Bitcoin has fallen below 2%, while the proportion of profitable holders has risen to a cycle high of 98%. If profit-taking intensifies and overheating conditions worsen, BTC may return to $96,000. Over the past month, the price of Bitcoin [BTC] has experienced a significant rise, climbing from $76,000 to a local high of $104,000.
According to CryptoQuant data, currently 98% of BTC holders are in profit. This naturally leads to the supply loss rate dropping to a historical low of just below 2%.
The White House hints at progress in U.S.-China negotiations, U.S. futures rise, and cryptocurrency falls back
As the market reacted to vague but optimistic signals from the U.S.-China trade talks, stock futures rose while cryptocurrency prices fell. In short U.S. officials stated that trade talks with China have made 'substantial progress,' but no details were provided. In April, China's consumer prices fell for the third consecutive month, highlighting economic weakness. Bitcoin and Ether fell alongside altcoins due to market caution and outflows from ETFs. After the White House stated that significant progress had been made in trade talks with China, U.S. stock index futures rose on Sunday evening, but cryptocurrency prices fell due to a lack of details and broader risk reallocation.
Bitcoin's Rare On-Chain Phase Has Just Arrived—Is $120,000 Next?
Every BTC holder is taking profits—will the peak at $108,000 be a breakout trigger or a bull trap? All UTXO age groups of Bitcoin are now in a profit state, indicating enhanced confidence across the entire chain and overall strength. The stock-to-flow ratio and NVM ratio have sharply risen, aligning scarcity and utility with the current price surge of BTC. Bitcoin [BTC] has entered a rare on-chain phase where all UTXO age groups are in an unrealized profit state. This shift confirms that every group of holders, including those holding for 3 to 6 months, now holds profitable positions.
BlackRock's Bitcoin ETF sees inflow of $356 million, setting the longest inflow record for 2025
BlackRock's Bitcoin ETF has now achieved inflows for 19 consecutive days, marking the longest inflow record for any global asset management company this year. BlackRock's spot Bitcoin ETF (IBIT) saw inflows again in trading this week, attracting $356.2 million on May 9. The fund has now extended its inflow streak to 19 days, the longest inflow period so far this year. The inflow momentum for IBIT has continued since April 14, coinciding with Bitcoin's market volatility at $103,895, during which the asset traded between $83,152 and $103,000. However, after the asset's price rebounded and maintained above $90,000 on April 23, market sentiment improved, leading to a rise above $100,000 for the first time since February 1 on May 8.
After the Pectra update, Ethereum (ETH) experiences its largest increase since May 2021! Will the upward trend continue?
On Thursday evening (Eastern Time), Ethereum (ETH) surged 20% to over $2,200, marking its largest single-day increase since May 2021 after the long-awaited Pectra update was successfully activated. After the Pectra update, Ethereum soared 20%, creating the largest single-day increase since 2021. This growth is catalyzed by technological and macroeconomic developments, alongside the rekindling of investor optimism and the "risk-taking" atmosphere in the cryptocurrency market. Min Jung, a research analyst at Presto Research, stated: "After lagging behind BTC for most of the year, ETH is finally catching up."
Why are the prices of Bitcoin, Ethereum, and XRP rising today?
After months of silence, the cryptocurrency market has regained its vitality. Bitcoin has surged to $104,000, returning to its high since February. Ethereum saw a staggering daily increase of 20%, while Ripple also rose by 7%. So, what is driving the rise of these top cryptocurrencies? So, what is driving the price increases of Bitcoin, Ethereum, and Ripple? Let's explore the reasons behind this sudden surge. The Federal Reserve maintains interest rates. On May 7, after the Federal Reserve decided to keep interest rates unchanged, Bitcoin and other cryptocurrencies began to rise. Due to concerns about slowing economic growth and high inflation, they maintained interest rates between 4.25% and 4.50%.
Bitcoin breaks the $100,000 mark, Strategy launches the 2025 BTC adoption model.
Bitcoin breaks the $100,000 mark, rising 4.7%, with a strong breakout trading price reaching $102,500. Strategy (formerly MicroStrategy) launches the 2025 BTC standard model for enterprises. Jetking's goal is to accumulate up to 18,000 BTC as part of its long-term strategy.
Bitcoin (BTC) price decisively breaks the $100,000 mark, trading near $102,500, up 4.7% in the last 24 hours. This significant trend is accompanied by increasing signs of institutional adoption of cryptocurrency, as highlighted by the latest corporate announcements. A recently uploaded video shows Jetking CEO Harsh Bharwani revealing the company's plan to increase Bitcoin holdings, which is a notable initiative.
Jerome Powell Refuses Meeting Request with Donald Trump: What This Means for Federal Reserve Policy
In the intricate interactions between political leadership and independent institutions, signals from key figures often attract the attention of financial markets. Recently, some interaction (or lack thereof) between Federal Reserve Chairman Jerome Powell and former President Donald Trump has become the focus of discussion. For those navigating the turbulent cryptocurrency world, understanding the nuances of American economic leadership, particularly the actions and independence of the Federal Reserve, is crucial as it directly impacts monetary policy and overall market sentiment.
Today's Pi Coin Price Prediction: Binance Listing Clue Sparks 8% Surge, Expected to Reach $1
Bitcoin is rising, and altcoins are also on the rise. The largest cryptocurrency is approaching the $100,000 mark, while some altcoins are testing significant resistance levels. Notably, Pi Coin has performed well, with its price rising 8% in the past 24 hours. Currently, the price target for this token is set at $0.70—if it breaks this threshold, it could open the path to $0.90 and $1. Additionally, there are new rumors about Pi potentially landing on Binance. These speculations began when Binance's Stellar deposit wallet (which is also the Pi wallet) started testing transactions on the Pi blockchain.
Bitcoin Price Rises to $100,000—Is the BTC Bull Market Starting?
Story Highlights Bitcoin prices have retested after breaking the double bottom, indicating that the next stage could be an explosive phase. Although interest rates remain unchanged, the price increase may imply a short-term rise driven by expectations from U.S. President Trump. As Bitcoin shows strong momentum, approaching the psychological threshold of $100,000, the cryptocurrency market exhibits robust upward momentum. With the latest round of increases, Bitcoin's price is nearing a key resistance level and maintaining a strong upward trend. The recently released results from the Federal Open Market Committee (FOMC) meeting met expectations, with the Federal Reserve keeping interest rates unchanged between 4.25% and 4.5%, but recent comments from U.S. President Trump have further boosted Bitcoin prices.
Among the frenzied buyers, only XRP remains profitable—BTC and SOL are deep in losses.
On-chain data shows that the main buyers of XRP still maintain a net profit of 11%. Here is a comparison with other top cryptocurrencies like Bitcoin and Solana. XRP's top buyers are currently the only ones in profit. In a new post on X, on-chain analytics firm Glassnode discussed how top buyers are searching for different top digital assets. The metric worth paying attention to is the 'realized price,' which tracks the cost basis or acquisition level of ordinary investors on a specific cryptocurrency network. When the value of this metric is above the asset's spot price, it can be assumed that holders are overall in a net unrealized loss position. Conversely, when the value of this metric is below the token price, it indicates that profits dominate the network.
Wall Street Chooses Bitcoin Over Gold, IBIT's Year-to-Date Inflows Surpass GLD
Despite the low return rate, Bitcoin ETFs currently rank among the top six in U.S. fund flows, with analysts predicting that their assets under management will reach three times that of gold within five years. BlackRock's spot Bitcoin exchange-traded fund (ETF) iShares Bitcoin Trust (IBIT) has seen its inflows surpass SPDR Gold Trust (GLD) for the first time this year (YTD), marking a key moment in institutional portfolio preferences. Despite gold prices hitting a historic high with a year-to-date return of 23.07%, this milestone has still been achieved. The Battle of Safe Havens In early 2025, influenced by President Donald Trump's new trade policies, geopolitical turmoil, and a weakening dollar. This environment traditionally supports gold, which has long been viewed as a safe-haven asset.
Breaking news from the cryptocurrency world! If you are following emerging projects, you'll want to know that Binance Alpha (a feature exclusive to Binance Wallet) has just added the ZKJ token from the Polyhedra Network to its curated list. This was initially reported by BWEnews on X, aiming to spotlight Polyhedra Network and its native token as a key component of the Binance ecosystem. What exactly is Binance Alpha? Binance Alpha can be seen as an area for exploring promising new digital assets. It is not the primary trading platform of Binance, which trades billions daily, but rather a feature integrated into the Binance wallet. Its main goal is to promote these early cryptocurrencies with high potential before they gain broader attention.