The Growth of PYUSD: The Journey to 1 Billion USD and the Challenges Ahead
The PYUSD stablecoin, issued by PayPal, has recorded impressive growth, nearly reaching 1 billion USD in market capitalization shortly after its launch. Since the beginning of 2025, the capitalization of PYUSD has doubled, reflecting a robust recovery amidst an increasingly competitive stablecoin market. However, this growth is not just reflected in impressive numbers but also brings many issues that need to be addressed.
SPX6900 (SPX) Strong Growth of 10%: Is the All-Time High Around the Corner?
In recent days, SPX6900 – one of the prominent meme coins – has experienced an impressive breakout, with a growth of up to 10%. In the context of the cryptocurrency market generally trading steadily or declining, SPX has recorded a strong recovery, attracting attention from investors and analysts. Positive Change in Price Trend According to the current technical data, buying pressure in the market for SPX6900 is increasing, indicating the possibility of this coin returning to the all-time high of 1.80 USD. Since 07/06/2025, SPX has continuously reached new highs, showing strength and stability in its upward trend.
Hedera (HBAR) Trading Situation: Downtrend and Future Outlook
Hedera (HBAR) has had a difficult trading week, becoming one of the Made in USA cryptocurrencies that suffered severely last week. As of May 31, 2025, the price of HBAR fell to its lowest level in 30 days, around 0.16 USD. Although in the past 24 hours, HBAR recorded an increase of about 3%, this recovery may not mark a positive turning point in the current downtrend.
Cash Inflows into Ethereum ETFs Reach Peak in 2025: What's the Outlook for ETH Price?
Last May, the rising value of Ethereum sparked strong interest from investors in ETH-related exchange-traded funds (ETFs). Throughout this month, investments into ETH ETF products approached $550 million, setting the highest monthly peak since the beginning of the year. Although the price of ETH has seen a correction in the past week, current technical indicators suggest that a recovery may come in the short term.
Pi Network: Impressive Growth and Future Prospects
In the past week, Pi Network (PI) has recorded an impressive growth of up to 86%, currently trading at 1.09 USD. This recovery comes after a rather unfavorable April, demonstrating the strong potential of this altcoin to recover the losses experienced in March.
Price Movement of Pi Network
The recent price surge not only helps Pi Network maintain above the important support level of 1.00 USD but also attracts significant attention from investors, creating an optimistic sentiment towards the future price action of this coin.
One of the notable indicators currently is the Relative Strength Index (RSI), which has surpassed the 70.0 threshold, indicating that Pi Network is entering the overbought zone. Although this may signal a potential reversal, the reality shows that many cryptocurrencies have maintained their upward momentum even while in the overbought zone for an extended period.
Growth Potential and Strong Cash Flow
Additionally, the Chaikin Money Flow (CMF) indicator of Pi Network is currently above the zero line, indicating that the inflow of money remains very strong. Although there have been slight signs of a recent decline, this situation is unlikely to persist, especially as the market demonstrates the strength and recovery potential of digital assets.
While short-term volatility may occur, the overall market sentiment, bolstered by the positive CMF index, suggests that the growth momentum of Pi Network remains stable. #toccrypto $PIXEL
Evaluating the Growth Potential of Solana (SOL) with Strong Momentum
Solana (SOL) has shown significant improvement in the cryptocurrency market recently, with its value increasing by 30% over the past month, and a 17% rise in just the last seven days. Positive signals from technical indicators are fueling hopes that SOL could surpass the 200 USD mark for the first time since February this year.
Current Market Situation and Trends
According to analysis from the Ichimoku Cloud indicator, the trend for SOL is leaning towards bullish, with the current trading value above the cloud of this indicator. This price action indicates that momentum is shifting towards buying investors. One of the key indicators, BBTrend, has jumped from negative territory to 16.7, indicating a strong shift in market sentiment. This growth is particularly important as SOL approaches a high resistance level, opening up the opportunity to surpass the 200 USD mark.
Technical Analysis
The current Ichimoku Cloud indicator for Solana shows a clear bullish structure. Factors include: Price Above the Cloud: The current price of SOL is trading above the Kumo (cloud), with the green color of the cloud signaling that momentum is supporting buying investors. Leading Span A and Leading Span B: Leading Span A is above Leading Span B, clearly confirming a current positive trend. Tenkan-sen and Kijun-sen: The price is also holding above the Tenkan-sen (blue line) and Kijun-sen (red line), reflecting that short-term and medium-term support levels are being maintained.
Cardano Records Impressive 75% Increase Following President Trump's Cryptocurrency Reserve Plan Announcement
Cardano, one of the most promising blockchains today, has witnessed a significant value increase of up to 75% after being mentioned in President Donald Trump's new strategic cryptocurrency reserve plan. On March 2, when this announcement was made, the value of ADA surged from a low of $0.6461 to $1.13, according to statistics from crypto.news.
Coinbase CEO Emphasizes the Importance of Bitcoin in the U.S. Strategic Reserve Fund
Brian Armstrong, CEO of Coinbase, has made notable comments regarding the Cryptocurrency Strategic Reserve Fund proposed by former President Donald Trump, asserting that Bitcoin should be seen as the optimal choice for the United States. In a discussion on platform X with the White House AI and David Sacks, a prominent figure in the cryptocurrency field, Armstrong put forward two different strategies to structure this reserve fund.
Venture Capital in the Cryptocurrency Market: Figure and Ethena Labs Lead the Fundraising Race
By the end of February 2025, the cryptocurrency market has seen remarkable developments in venture capital fundraising. In the first week of the month, Figure attracted 200 million dollars for its asset management platform, solidifying its position in this highly competitive industry. The State of Capital Mobilization in the Cryptocurrency World According to data from Crypto Fundraising, the total value of funding this week reached nearly 500 million dollars, distributed across various sectors. Among them, the most notable are large investments in decentralized finance (DeFi) infrastructure and asset management solutions. Below are notable investments this week:
Recent Trends in the NFT Market: Sales Analysis and Transaction Flow
Over the past month, the NFT market has gone through a difficult phase with sales dropping sharply by 28.9%, resulting in a total transaction value of only about 107 million USD. This decline occurs against the backdrop of the cryptocurrency market being heavily impacted by a major sell-off, with key coins like Bitcoin falling to 85,000 USD and Ethereum dropping to 2,200 USD. According to data provided by CryptoSlam, the decline in total NFT trading volume has marked a new focal point for investors and collectors, despite a significant increase in the number of participants in trading. Here are the highlights from the latest report:
Binance Enhances Security Regulations Following the Bybit Hack Incident Worth $1.4 Billion
The major Bybit hack on February 21, which caused damages of up to $1.4 billion, raised serious concerns about security in the cryptocurrency industry. In this context, Binance, one of the world's leading cryptocurrency exchanges, is making strong efforts to call on authorities and industry businesses to collaborate more closely to establish common security standards.
Bybit Refunds 40,000 ETH to Bitget After Major Hack
Bybit, one of the leading cryptocurrency exchanges, has officially transferred nearly $100 million worth of ETH back to Bitget. Following the recent $1.4 billion hack, Bitget has supported Bybit by lending 40,000 ETH to help the exchange weather the crisis. According to Arkham Intelligence, on February 24, Bitget received 40,000 ETH from Bybit's cold wallet, worth approximately $99.98 million at the time of transfer. This is considered one of Bitget's quick and necessary support actions for Bybit after the exchange suffered heavy losses in one of the largest cryptocurrency hacks to date.
In recent weeks, BNB has become the center of attention in the market with a significant increase in trading volume and interest from investors in its ecosystem, including meme coins like TST. However, despite this excitement, the price of BNB has shown a decrease of over 3% in the past week, reflecting uncertainty in the current market trend.
Why has the price of Pi Network (PI) recovered by 150%?
The price of Pi Network (PI) after the initial days of listing on the exchange experienced a sharp decline, but it has now recorded an impressive recovery of up to 150% from the most recent low. This recovery is not merely a market trend but is also driven by changes in investor psychology along with notable events in the community. Below are the main reasons that triggered the resurgence of Pi Network's price, with the current price above $1.5 at the time we wrote this article.
The Lazarus Group: Discoveries Behind the Historic 1.5 Billion USD Bybit Hack
In a shocking event for the cryptocurrency industry, Bybit, one of the world's leading exchanges, experienced a serious hack last month, leading to damages up to 1.5 billion USD. Behind this attack was identified the Lazarus Group, a notorious hacking organization alleged to have links to the North Korean state. The investigation, conducted by blockchain analyst ZachXBT, led to the discovery of critical information, paving the way for further inquiries into this incident.
Bybit CEO: Commitment to fully reimburse stolen Ethereum assets
In a strong statement, Ben Zhou, the CEO of the cryptocurrency exchange Bybit, sent a powerful message to the investor community about the commitment to protect user assets. The recent large-scale cyber attack has placed Bybit in a serious situation as the exchange lost over 1.4 billion dollars to hackers. Mr. Zhou assured investors that Bybit has the capability to fully compensate for all losses in this incident, one of the most serious attacks in the history of the cryptocurrency industry.
The situation of Bitcoin (BTC) after the Bybit hack: Are recovery signals feasible?
Bitcoin (BTC) has gone through a tough phase since trading below $100,000 on February 5, 2025. Despite many efforts to recover prices, BTC is still under pressure from traders and facing strong resistance from the market. Current technical indicators show that sellers are dominating, particularly the Directional Movement Index (DMI), which indicates that selling pressure is increasing.
In the context of the NFT market, although the value of cryptocurrencies shows signs of decline, NFT transactions are still thriving. This is a positive sign indicating the recovery and sustainable development potential of this field. According to information from CoinMarketCap, Bitcoin's price has dropped to $96,000, while Ethereum hovers around $2,600, unable to surpass the $2,700 mark. The total cryptocurrency market capitalization has slightly decreased from $3.24 trillion last week to $3.18 trillion. However, this has not hindered the appeal of NFTs, as data from CryptoSlam shows NFT sales recorded a boom, increasing 19.6% compared to last week, reaching $152.9 million. The NFT market is gradually regaining growth momentum, with a relative increase across all key performance indicators.
Four Reasons Why Pi Network's Price Plummeted After the Mainnet Launch
After officially launching the mainnet, Pi Network experienced a significant drop in value, resulting in losses of up to $6 billion within just the first two days. On Saturday, the price of Pi Network fell to just $0.76, a figure much lower than the launch price of $2. Below are four main reasons explaining this decline. 1. Allegations of Fraud One of the most significant reasons leading to the price drop of Pi Network is the statement from Ben Zhou, the CEO of the Bybit exchange. He called Pi Network a 'scam', citing a report from China that claimed this project targets the elderly. Although Pi Network has publicly denied these accusations and asserted that their project has been developed over the past six years, the statement from a CEO of a major exchange may have diminished investor confidence.
Recently, Pepe, the third largest meme coin in the cryptocurrency world, has faced significant challenges as its value has continuously fluctuated. With the recent price drop, Pepe has recorded a 65% decline from its all-time high in December last year, currently stabilizing at $0.000010. This has led to the erasure of more than $6 billion from the total market capitalization of this coin, from $10 billion to $4.1 billion.