CRYPTOMARKET

Pi Network is under fire from its community as an increasing number of users report missing token balances, even after successfully completing Know Your Customer (KYC) verification and migrating to the mainnet.
The backlash intensified after the Pi Core Team released new security guidelines for wallet seed phrase management, aimed at increasing user protection. However, instead of calming the situation, the update sparked fresh outrage. Many users claim they followed all official instructions but still see zero balances in their wallets.

🔹 Frustration Mounts, Accusations Fly
On social media, particularly on X (Twitter), users are sharing their frustration and alleging technical failures, mismanagement, and even fraud. One vocal user, Haifeng Chen, captured the community’s anger in a reply to Pi Network’s post:

“Give me my damn Pi back. I worked hard on this for six years. You still haven’t mapped it. What’s the delay?”
His sentiment is echoed by many others who report recurring delays and a lack of transparency from the team. Some users are even more confused by the appearance of multiple wallet addresses under a single account, raising concerns about the reliability of the migration system.

🔹 Users Demand Clarity, Not Promises
While the Pi Core Team insists it is actively working on a solution, users say they need clear explanations, faster response times, and most importantly, immediate access to the tokens they believe they have rightfully earned.
Many are now pinning hopes on the upcoming Phase 2 update, which is expected to finally resolve KYC delays and wallet balance inconsistencies. However, the absence of a firm timeline continues to leave the community in uncertainty.

🔹 Technical Outlook: Pi Token Price Weakens
From a market perspective, the Pi token remains under pressure. In the past 24 hours, the token dropped by 1.5% to trade at $0.6286. On the daily chart, Pi is consolidating below key moving averages, with the 20-day simple moving average acting as resistance at $0.70.
The Relative Strength Index (RSI) stands at 40, suggesting low momentum. While Stochastic RSI indicates a potential short-term bounce, downside risk remains if Pi fails to break above $0.70 and attract strong buying support. A drop towards the $0.55 support zone remains possible.

🔹 Trust Is on the Line
Unless the Pi Network team takes swift and transparent action to address migration issues and restore confidence, the patience of its community may soon run out. For many, this could be a make-or-break moment in their long-term support for the project.

#pi , #PiNetwork , #blockchain , #CryptoNewss , #CryptoMarket

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

U.S.-China trade talks start Monday, affecting crypto markets.
May CPI data releases Wednesday, influencing inflation outlook.May PPI data on Thursday may drive crypto volatility.Social media flags key events for crypto traders. 
U.S.-China Trade Talks Kick Off Monday
U.S. and China begin in-person trade negotiations today in London. The talks aim to address ongoing trade tensions. Outcomes could influence global markets. Cryptocurrencies often react to such geopolitical shifts. A successful negotiation may boost investor confidence. Failure could trigger market uncertainty.
The discussions follow recent tariff disputes. Both nations seek balanced trade agreements. Results may impact risk assets like crypto. Market participants await details from the talks.
May CPI Inflation Data Releases Wednesday
The U.S. releases May CPI inflation data on Wednesday at 8:30 AM ET. This report measures consumer price changes. It serves as a key indicator of inflation trends. Higher-than-expected figures could signal tighter monetary policy.
The data affects Federal Reserve decisions. Crypto markets often respond to inflation news. A rise in CPI might pressure digital assets. Analysts expect volatility following the release.
May PPI Inflation Data Due Thursday
The May PPI inflation data follows on Thursday at 8:30 AM ET. This report tracks producer price changes. It reflects costs at the wholesale level. The figures provide early inflation insights.
PPI data influences consumer prices over time. A significant increase could raise concerns. Crypto traders monitor this release closely. Market movements may depend on the outcome.
#Crypto #Bitcoin #InflationData #USTradeTalks #CryptoMarket

High-risk crypto trader James Wynn has launched a scathing critique of the Hyperliquid platform, claiming that its low referral rewards could lead to its downfall.

After losing a seven-figure sum, Wynn took to X to vent his frustration, stating that his trading activity wasn’t part of a marketing stunt but a genuine attempt to establish a partnership — one that Hyperliquid rejected, not once but twice.

“They Gave Me Just $34K — That’s a Joke.”
Wynn revealed that despite generating significant user activity and trading volume on the platform, he earned only $34,000 in referral bonuses.

“That referral program is garbage,” he wrote on X. “Other platforms offer way better incentives.”

He believes the lack of meaningful rewards for user acquisition will be Hyperliquid’s undoing in the face of more competitive alternatives.

“CZ’s DEX Will Bury Hyperliquid”
Wynn pointed to the potential rise of a dark pool decentralized exchange (DEX) inspired by Binance founder Changpeng Zhao (CZ), suggesting it could completely replace Hyperliquid.

These new platforms prioritize user privacy and offer far more appealing rewards for referrals.
COTI has already launched a DEX with these principles in mind, and speculation is mounting that CZ might eventually launch his own, combining deep pockets, global influence, and experience from building Binance.
“CZ has the money, the network, and the team to pull this off,” Wynn said. “Just look at what he did with Binance.”

HYPE Token Surges, But Hyperliquid Rejects Wynn
Despite his criticism, Hyperliquid has seen a surge in activity. The HYPE token jumped nearly 50% over the past month, coinciding with Wynn’s leveraged trading frenzy.
Crypto veteran Arthur Hayes even predicted that HYPE could hit $100, largely due to the renewed interest Wynn generated.
Still, Wynn insists “Hyperliquid didn’t pay me a cent.” He claims he made two partnership proposals, both denied due to the platform’s internal policies.

Some had speculated his high-profile trades were just a publicity move — a claim he firmly denies.

“I’m Done with Perpetual Trading — Before It Destroys Me”
Following massive losses and what he sees as mistreatment from Hyperliquid, Wynn announced he’s stepping away from perpetual futures.

He also criticized major players in the space, accusing them of exploiting DEX transparency to manipulate prices and force liquidations on retail traders.
Wynn, once one of the most-watched figures in the crypto space, is temporarily stepping back. But his stark warning about Hyperliquid’s fate remains — and time will tell if he was right.

#Hyperliquid , #CryptoDrama , #cryptotrading , #CryptoMarket , #CryptoNewss

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

BlackRock may pursue an XRP ETF filing, signaling a major shift in its altcoin stance, potentially impacting key players in the ETF market.
BlackRock’s XRP ETF interest could signal a major shift in its digital asset investment strategy, especially after dismissing altcoins previously.VanEck and smaller firms have challenged the SEC, arguing that current processes favor dominant players like BlackRock and Fidelity.Market sentiment remains bullish on XRP ETF approval, with Polymarket odds and Bloomberg predictions pointing to potential movement within 2025.
BlackRock is reportedly considering an XRP exchange-traded fund, signaling a possible change in strategy from its previous cautious stance on altcoins. While the company has not yet made any official announcement, analysts and experts in the industry are feeling that it could happen soon.
According to ETF analyst Nate Geraci, the XRP or Solana ETFs may be given extra approval at once. This situation could be similar to BlackRock’s approach in its application for Bitcoin and Ethereum ETFs. As the market changes and more institutions are interested in digital assets, the idea has become more important.
ETF Competition Intensifies Among Key Players
The potential entry of BlackRock into the XRP ETF race has intensified competition. Current applicants include Bitwise, Canary Capital, 21Shares, and Franklin Templeton. These firms are already seeking SEC approval for various cryptocurrency ETFs. A sudden move from BlackRock could disrupt their positioning and impact the SEC’s review timeline.
VanEck recently submitted a letter to the Securities and Exchange Commission expressing concern over the treatment of smaller issuers. The letter argued that firms like BlackRock and Fidelity have received preferential consideration, sidelining earlier filers. VanEck and others have asked the SEC to revive a “first-to-file” rule to ensure a level playing field.
Despite the lack of formal filings, market expectations for an XRP ETF approval remain high. Data from prediction markets such as Polymarket show strong confidence among investors. Bloomberg has also reported that an ETF under Paul Atkins’s SEC leadership could gain approval by late 2025. However, some sources suggest that approval might occur as soon as July.
$XRP

#blackRock #CryptoMarket #Cryptocurrency #XRPETFApproval #xrp