Pi Network’s launch in February 2025 was a big deal, sending the price soaring to $2.98. But the party didn’t last. Three months later, the price has plummeted over 75% from its all-time high. Let’s dive into why. Post-Launch Problems The initial excitement quickly faded as several issues surfaced: KYC Woes: Many users couldn’t claim…
MicroStrategy just bought a boatload more Bitcoin – another 7,390 BTC to be exact! This latest purchase cost them roughly $764 million. Another Bitcoin Acquisition This is MicroStrategy’s third Bitcoin buy this May alone! While smaller than their $1.34 billion purchase earlier this month, it’s still a significant investment, far exceeding their first May purchase…
President Trump’s upcoming dinner with top holders of his $TRUMP meme coin is causing a stir in the crypto world. This event, expected to take place at either the White House or his golf club, is bringing together some major players, highlighting the growing influence of meme coins in culture, politics, and finance. But the…
BounceBit, a financial infrastructure company, is using BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) to create a new investment tool. This tool aims to give investors higher returns by combining traditional finance with cryptocurrency trading. Mixing Traditional Finance and Crypto The new strategy uses BUIDL as collateral to trade Bitcoin and stablecoins. BounceBit claims this…
A New Zealand man is facing serious charges for his alleged role in a massive cryptocurrency theft. Authorities say he was part of an international ring that swindled $265 million from seven victims. The Scheme The alleged scheme, which ran from March to August 2024, involved manipulating victims to fraudulently obtain their crypto. The Wellington…
A class-action lawsuit has been filed against MicroStrategy (now Strategy) and its founder, Michael Saylor. The suit alleges that the company misled investors about its financial health and profitability. The Allegations The lawsuit, filed by Pomerantz LLP, claims that Strategy made false and misleading statements about its Bitcoin-focused investment strategy between April 30, 2024, and…
Starting in 2026, UK-based cryptocurrency businesses will be subject to much stricter reporting rules. This means they’ll have to collect and hand over significantly more data on their users and transactions to the UK tax authority, HMRC. What’s Changing? The new rules, part of a global initiative called the Crypto-Asset Reporting Framework (CARF), aim to…
Bitcoin’s price has been bouncing around lately, hitting highs above $106,000 before settling back near $103,000. This volatility suggests we’re still a ways off from the price peak. But a new model might offer some clues. The Decode Macro Trend Oscillator (MTO) A Bitcoin analyst called “Decode” on X (formerly Twitter) created a sophisticated tool…
Tether, the company behind the popular stablecoin USDT, has quietly become a major player in the US Treasury market. It now holds a staggering $120 billion in US government bonds, surpassing even Germany’s holdings of $111.4 billion. This makes Tether the 19th largest holder of US Treasuries globally. Outpacing Nations This is a significant development….
Bitcoin’s price has been soaring, and investor sentiment is reflecting this. But could this be a sign of trouble ahead? The Fear & Greed Index is Showing Extreme Greed A metric called the “Fear & Greed Index” tracks investor sentiment in the crypto market. It uses a scale of 0 to 100, with anything above…
