17 May 2025, 21:45

Pi Network faces credibility test after price crash and insider wallet activity

Pi Network users have levied allegations of rug pull against the project creators after the recent plunge in its price. In a post on X, one of the popular members of the Pi Community, Dr Picoin, claimed that insiders have dumped millions of tokens. According to Dr Picoin , the sell-offs by insiders followed recent announcements about upgrades and improvements to the Pi Network at Consensus 2025. He claimed that the hype around these announcements pumped PI value, and insiders used that opportunity to sell. He said: “The Core Team sold tens of millions, if not hundreds of millions, of Pi at the peak — all while the community was distracted by announcements and the illusion of progress.” Interestingly, the users alleging rug pull and sell-offs point to blockchain data showing that a wallet allegedly controlled by the Pi Core Team transferred 12 million PI in the last 24 hours. Screenshot of transaction data shared by Dr Picoin as proof of sell-off (Source: Dr Picoin) However, some other users have pushed back against the claims, noting no rug pull. Pinewszone on X explained that the wallet that many claim is selling is a distribution wallet that the Pi Core Team uses to migrate user balances to the mainnet. They posted: “Don’t be misled by fake information circulating on X. Coreteam is not selling pi. You are just being influenced to panic sell so that they can buy at a lower price.” While community members are arguing about what is happening, the Pi Core Team has been quiet, further allowing the fear of uncertainty and doubt (FUD) to spread among users. PI token loses more than 50% within a week as users wait for mainnet Meanwhile, most of the concerns from users alleging rug pull appear to be tied to the sharp drop in PI price this week. The token reached $1.60 on May 12 but started dumping since then and is now at 0.679, representing around a 58% decline. Dr Picoin posted : “Don’t question me—demand an explanation from the Co-founders: why did the price suddenly drop from $1.60 to $0.70 when, in reality, the update from PCT should have been seen as a positive development?” However, the decline is mostly due to the disappointing wait for most users looking forward to the network transitioning to mainnet. A post from the official Pi Core Team account sparked excitement last week when it teased a huge announcement. Most people expected that the announcement would have something to do with the long-awaited mainnet launch, but it was about to be the launch of the Pi Network Venture fund. The news of a $100 million fund for a Pi Network-based project was underwhelming for most users. PI token daily trading volume for the past seven days peaked on May 13 (Source: CoinMarketCap) Interestingly, trading volume for PI declined 34% to $328.54 million in the last 24 hours, according to CoinMarketCap. Trading volume has also declined since peaking at $2.03 billion on May 13. This shows holders sold the rumor, i.e., they dumped the token when it was still pumping before the team announced the launch of the Venture Fund. Since the announcement on May 14, trading volume has fallen well below $1 billion. Pi Network announces new upgrades at Consensus 2025 Meanwhile, Pi Network has continued to evolve even as users wait for the mainnet launch, which has no scheduled date yet. The network founder, Dr Nicholas Kokkalis, disclosed at Consensus that Pi Network has now shut down its central node to enable full decentralization of the network. He added that its node operating software now has a new version called Horizon, which is available for node operators to upgrade. Horizon reportedly offers security, performance, and protocol. Interestingly, Kokkalis said in his talk titled “Unleashing Mainstream Adoption with Al + Blockchain Infrastructure” that Pi Network will integrate artificial intelligence. He called on AI companies to build AI apps on the network, adding that there is a plan to improve Pi Network’s technical infrastructure. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

17 May 2025, 20:30

Bitcoin Options Market Signals Further Upside Potential For BTC Price: New ATH Soon?

Following the return above $100,000 in the previous week, Bitcoin has fought well to maintain its hold above the six-figure mark in recent days. While the flagship cryptocurrency retains its six-figure valuation, there’s still some momentum lacking in its price action, as spotlighted by last week’s performance. According to recent analysis, the sluggishness and apparent indecision in the BTC market can be attributed to significant selling pressure in the derivatives market. Interestingly, the latest on-chain data shows that the Bitcoin price still has room for additional growth. Options Market Data Shows Shift In Trader Sentiment In a May 16 post on the X platform, blockchain analytics firm Glassnode shared fresh on-chain insights suggesting a rise in bullish sentiment amongst Bitcoin options traders. The relevant indicator here is the 1-month 25 Delta Skew, which compares the implied volatility of bullish bets (call options) to the bearish bets (put options). Related Reading: Bitcoin Next Leg Up Loading? Analyst Says BTC Could Trade Sideways For Two Weeks When the 1-month 25 Delta Skew is in the positive territory, it implies that puts have higher implied volatility than calls. This trend is often associated with a bullish sentiment where traders are more worried about the asset price falling and are thus paying a premium for downside protection. On the other hand, a negative value for the 1-month 25 Delta Skew indicator signals that calls are more expensive than puts. This suggests that traders are more willing to bet on the price of Bitcoin moving higher than for protection against downside exposure. According to data from Glassnode, the 1-month 25 Delta Skew metric recently witnessed a drop to around -6.1%. This decline, the analytics platform noted, signifies that call options now carry higher implied volatility compared to put options. This options market trend means that there is now rising bullish sentiment amongst Bitcoin traders, as they lean more into betting on the BTC price rising. Glassnode also pointed out that this increasing bullish sentiment reflects a risk-on environment, where traders and investors are more willing to risk their funds. Historically, a negative 25 Delta Skew is a strong bullish sentiment indicator, as it usually precedes further appreciation of the Bitcoin price. Moreover, current options data not only supports BTC’s upward movement, but could also serve as a positive catalyst for more growth as additional long positions enter the market. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $102,800, reflecting an over 1% decline in the past 24 hours. Related Reading: JPMorgan Claims Bitcoin Has More Upside Potential Than Gold For Q2—Here’s The Breakdown Featured image from iStock, chart from TradingView

17 May 2025, 20:27

Solana (SOL) Goes Up 37% in a Month, But Ruvi AI (RUVI) Is Expected to 100x And Turn $2,000 into $960,000 Thanks to Early 100% Bonus

Solana (SOL) is making waves with 37% monthly gains and sitting at $177.88 . Its growing DeFi ecosystem with $9.6 billion TVL shows it’s dominating the crypto space. But while Solana is solidifying its position as the top blockchain for DeFi, a new challenger Ruvi is proving to be just as revolutionary. Using blockchain and AI , Ruvi can not only compete but also go where no one has gone before. Can Ruvi outshine Solana and lead the next wave? Solana’s Rise Solana is getting stronger with DeFi growth. With 3,000+ tx/s and nearly zero fees, it’s a beacon for DeFi adoption. Integrations with Visa, Shopify and PayPal have also proven its scalability and enterprise readiness. Institutional investors are flocking to Solana so it’s no surprise its growth is accelerating. From DeFi activity to price action, Solana is why it’s in every crypto portfolio. But if you’re looking for the next big thing, look at Ruvi , a project not limited by traditional blockchain. Why Ruvi is the Ultimate Game-Changer While Solana is killing it in DeFi, Ruvi has a multi-dimensional value proposition . Combining blockchain with AI, Ruvi offers solutions that go beyond fintech, into logistics, healthcare and even supply chain management. Features That Set Ruvi Apart: AI-Blockchain Ruvi’s AI enables real-time analytics, predictive insights and automated processes that traditional blockchains can’t. Deflationary Design Ruvi’s supply is capped at 5 billion tokens , unlike many competitors including Solana. Cross-Industry Utilities Beyond DeFi use cases, Ruvi’s AI-driven applications solve large scale, practical problems in various industries, making it more broad.Ruvi’s approach makes it a versatile and future-proof investment compared to Solana’s DeFi focused infrastructure. Ruvi’s Explosive Start Ruvi has already got attention, completed phase 1 of its presale and sold over 100 million tokens and raised $1 million . Entering phase 2 , Ruvi tokens are priced at just $0.015 , now is the time for early investors to maximize their gains. Investment Examples for Ruvi Ruvi’s bonus structure makes it impossible to resist for those looking to get in early. Here’s what different investment levels offer: Example 1: Entry-Level ($600) Tokens Purchased at $0.015 = 40,000 tokens 20% Bonus Tokens: +8,000 Total Tokens: 48,000 tokens Value if Ruvi Reaches $1: $48,000 Example 2: Mid-Level ($2,000) Tokens Purchased at $0.015 = 133,333 tokens 60% Bonus Tokens: +80,000 Total Tokens: 213,333 tokens Value if Ruvi Reaches $2: $426,666 Example 3: High-Level ($12,000) Tokens Purchased at $0.015 = 800,000 tokens 100% Bonus Tokens: +800,000 Total Tokens: 1.6 million tokens Value if Ruvi Reaches $3: $4.8 million These scenarios show the high returns for Ruvi investors, a unique opportunity that can beat Solana’s recent gains. Ruvi AI vs Solana While Solana is attracting institutional capital and dominating DeFi, Ruvi’s enterprise driven AI approach is going to revolutionize more industries. It’s not just another DeFi project; it’s a blockchain platform that can integrate into the real economy. This versatility gives Ruvi an edge as more investors look beyond traditional blockchain. Join the Future of AI Solana is proof the blockchain space is hot. But as Solana goes up, Ruvi is the one you shouldn’t miss. Its technology, bonus and growth potential is unmatched in the market today. Learn More Buy RUVI: https://presale.ruvi.io Website: https://ruvi.io Whitepaper: https://docs.ruvi.io Telegram: https://t.me/ruviofficial Twitter/X: https://x.com/RuviAI Try RUVI AI: https://web.ruvi.io/register

17 May 2025, 20:00

Shares of Chinese Apparel Firm in Choppy Trading After Announcing $800,000,000 Bitcoin and Crypto Investment Strategy

Shares of a Chinese investment holding company have been volatile since the firm rolled out an $800 million Bitcoin ( BTC ) and crypto investment plan earlier this week. On Thursday, the Shenzhen-based Addentax Group Corp. announced plans to issue shares of its common stock to buy 8,000 BTC and acquire undefined amounts of other crypto assets, including President Donald Trump’s official memecoin ( TRUMP ). The firm’s shares, listed on the Nasdaq as ATXG, were priced at $0.72 before the announcement but quickly jumped to a high of $1.68 later that day. The stock then promptly retraced and dipped even lower than its original price and is now trading at $0.61. ATXG is down nearly 9% in the past 24 hours and more than 20% in the past five days. Addentax specializes in garment manufacturing, logistics services, property management and subleasing. The firm notes it has been in discussions “with a number of substantial and influential Bitcoin and other mainstream cryptocurrency holders” to facilitate the upcoming acquisitions. Addentax chief executive Hong Zhida says the investments are part of the firm’s “broader blockchain strategy.” “We believe that certain established digital assets may serve as a stable component of the company’s long-term holdings, given their liquidity and increasing institutional interest over recent years.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Shares of Chinese Apparel Firm in Choppy Trading After Announcing $800,000,000 Bitcoin and Crypto Investment Strategy appeared first on The Daily Hodl .

17 May 2025, 20:00

What’s the Best Buy for 2025 Gains: ETH Climbs 50%, LINK Eyes $20, and BlockDAG Presale Nears $600M Goal!

Most crypto moves come with a catch, but that’s not the case with BlockDAG (BDAG). While Ethereum (ETH) has surged over 50% from April’s lows, hitting $3,000 is contingent on holding support at $2,468. Similarly, Chainlink (LINK) is up and has solid targets near $24, but it needs to break past $17.80 and hold key support for further gains. BlockDAG is taking a different route, already raising over $253 million in its presale and heading toward $600 million. With a 2,520% increase so far, it’s clear the momentum is real. Right now, you can enter at just $0.0020, well below its confirmed launch price of $0.05. With a steady rise and a strong foundation, BlockDAG is positioning itself as one of the top cryptos to buy in 2025! Ethereum Targets $3K as Institutional Demand Picks Up Ethereum (ETH) has made a strong comeback, rising over 50% from its April lows and pushing past the $2,600 mark. This surge is driven by two key factors: robust institutional buying and the successful launch of the Pectra upgrade. London’s Abraxas Capital has been a major player, snapping up more than $477 million in ETH within just six days. At the same time, Ethereum’s Pectra upgrade has sparked renewed interest from long-term investors. With technicals showing potential for more gains, analysts are now eyeing $3,000 as the next big milestone, assuming ETH can maintain support above $2,468. It’s shaping up to be an exciting time for Ethereum! Chainlink at $16.67: $20 Target in Sight Chainlink (LINK) is on a strong run, currently priced at $16.67, marking a nearly 25% gain over the past week. This momentum fits nicely with a steady upward trend, thanks to an ascending channel that’s been intact since April. If LINK manages to break through the crucial resistance at $17.80, analysts predict a move toward $20, with even higher targets at $22.50 and $24. The outlook for Chainlink’s price depends on maintaining strong volume and growing demand for decentralized oracle solutions. As long as LINK stays above the $15.80 support, it’s likely to keep heading higher. BlockDAG Chases $600M as Price Forecasts Grow Louder BlockDAG’s presale is taking the market by storm, with nearly $253 million raised and more than 20.6 billion coins sold so far. But it’s not slowing down anytime soon. The presale’s target of $600 million now feels like an inevitability, as demand continues to surge. What’s truly impressive is the momentum BlockDAG is maintaining throughout its presale. With 150 million BDAG coins up for grabs daily in the Buyer Battles, it’s clear that the demand for BDAG is strong. Not many presales see this level of sustained interest, let alone with such a solid technical foundation in place. The project has already undergone a thorough CertiK audit, one of the most respected names in blockchain security. Coupled with an extensive roadmap and a growing list of confirmed exchanges, BlockDAG’s growth is clearly strategic, not rushed. The price action tells a similar story. Starting at just $0.001 in presale batch 1, BDAG has soared to $0.0262 in batch 28, a 2,520% increase. With the confirmed launch price at $0.05, many are eyeing long-term projections that could see BDAG hit $1, and eventually $5 or even $10. For those looking to get in before the next jump, a limited-time special price of $0.0020 is available until June 13. With such a strong track record and impressive projections, it’s not just about hoping for future growth, it’s about joining something with a clear path forward. Final Thoughts Ethereum’s (ETH) price has been on a strong run, rising over 50% since April’s lows, fueled by $477 million in institutional buying. Analysts are now eyeing the $3,000 mark if ETH holds its support at $2,468. Similarly, Chainlink (LINK) has seen a 25% boost this week, with a potential breakout above $17.80 possibly sending it toward $20 or higher. However, BlockDAG is moving at a different pace. With $253 million raised and a $600 million presale target in sight, it’s all about scaling before launch. Offering an exclusive price of $0.0020, significantly lower than its current batch price of $0.0262, BlockDAG is primed for major growth. Add in 20 upcoming exchange listings and a 2,520% surge from its first batch, and BlockDAG is shaping up to be one of the top crypto picks for 2025. Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu The post What’s the Best Buy for 2025 Gains: ETH Climbs 50%, LINK Eyes $20, and BlockDAG Presale Nears $600M Goal! appeared first on TheCoinrise.com .

17 May 2025, 19:47

France Boosts Security for Crypto Execs Amid Surge in Kidnappings

Increased Threat is Met by Government Action France is beefing up the protection of crypto leaders and their families following a spate of violent attacks and kidnapping attempts. Interior Minister Bruno Retailleau announced on May 16 a coordinated government response to what he described as a growing threat to the industry leaders. “All these repeated kidnappings of experts in the crypto sector will be fought using precise instruments, both immediate and short-term, to discourage, deter and hinder for the protection of the industry,” Retailleau informed a press conference. This follows an upsurge of disturbing attacks where big crypto figures and their relatives were targeted by criminals requesting cryptocurrency payments in exchange for their freedom. High-Profile Attacks Trigger Urgency The latest incident happened earlier this week in central Paris, where Pierre Noizat’s daughter, head of French crypto exchange Paymium, was attempted to be kidnapped by masked men. The attempt was unsuccessful, but it was the third serious attack on a crypto executive in France this year. In yet another horror case last year, 2024, David Balland, co-founder of cryptocurrency storage wallet firm Ledger, was kidnapped along with his wife. The two were held for ransom, and Balland was also brutally assaulted, including being mutilated, before he was rescued by police. Ten suspects were arrested, some of whom had demanded cryptocurrency in return for their freedom. France Becomes a Target Éric Larchevêque, one of the founders of Ledger, attended a high-level meeting with Retailleau and representatives from the police. He highlighted the gravity of the threat, stating that of around 50 attacks known to have been endured by crypto bosses globally in the past year, 14 occurred in France alone. “France has become the epicenter for crypto kidnappings,” Larchevêque explained, and added the government’s willingness to act as a step to counter this threatening trend. Government Action Underway Government officials are purportedly developing an overarching plan that addresses direct protection for vulnerable persons, greater cooperation between crypto companies and law enforcement agencies, and specialized training for police departments dealing with digital finance crime. They are also examining legal reforms to increase punishments for technology-targeted violence and ransom payments in cryptocurrency. While the crypto sector continues to grow and attract wealth, authorities say that criminal targeting of its leaders can only surge. The recent move by the government is meant to meet the requirement of promoting innovation with protecting public safety. France’s reaction can be a model for others threatened in the same way, inaugurating an age of security consciousness in the cyber world of finance.