News
12 Aug 2025, 13:19
What’s Next for Pi Network? PI Coin Price Consolidates, is a Push to $0.78 Even Possible?
TL;DR Pi Network trades at $0.38, down 7% daily, with key resistance levels at $0.78 and $1.50. MACD shows weak momentum, Stochastic RSI oversold; breakout above $0.78 could signal potential trend reversal. Chainphon to list PI August 12; .pi domain auction extended, enabling custom wallet addresses. PI Stuck in Consolidation Pi Network (PI) was trading at $0.38 at press time, down 7% over the past day. Daily trading volume is $115.2 million. Over the last week, the price has risen 7%. In the past 24 hours, PI moved between $0.38 and $0.40. Over the week, the range was $0.34 to $0.46. The market capitalization is $2.96 billion. Total supply is 12.03 billion PI, with 7.82 billion circulating and 5.23 billion locked. On the 4-hour chart, PI is showing a long period of consolidation after earlier declines. A descending trendline continues to cap price movement. Key resistance levels are at $0.78, $1.50, and $5.00. Source: TradingView The MACD is close to zero, reflecting weak momentum. The Stochastic RSI is near oversold levels, pointing to possible short-term buying interest. A move above $0.78 would be the first sign of a potential trend change. Liquidity and Network Activity According to piscan.io data, centralized exchanges hold 409.4 million PI. OKX holds 29.55 million, while Bitget holds 139.9 million. Most of the supply appears to be off exchanges, possibly in wallets or staking. Meanwhile, the network processes 0.714 transactions per second, with 22,163,901 blocks produced. This shows a light transaction load at current activity levels. Ecosystem Updates Chainphon will list PI on its dApp, opening $PHONE/$PI trading at 09:00 AM UTC on August 12. The launch includes a 100 PI giveaway for users answering a question about the coin’s launch date. Pi Network has also extended its .pi Domains Auction until the end of September. These domains let users create simple, name-based wallet addresses, similar to Ethereum’s .eth and BNB’s .bnb, aimed at making payments and interactions easier. The post What’s Next for Pi Network? PI Coin Price Consolidates, is a Push to $0.78 Even Possible? appeared first on CryptoPotato .
12 Aug 2025, 13:19
Fun and Already old news from 6 minutes ago: SUI Network accidentally published and then deleted a blog post announcing a Robinhood listing, suggestin
Fun and Already old news from 6 minutes ago: SUI Network accidentally published and then deleted a blog post announcing a Robinhood listing, suggesting a possible embargoed draft release. SUI
12 Aug 2025, 13:18
ALT5 Deal Puts First Valuation on Trump-Backed WLFI Token at $0.20
World Liberty Financial’s deal with ALT5 Sigma Corporation has set the first market value for WLFI, the Trump-backed DeFi project’s token, at $0.20, marking its debut valuation since the token’s sale last year. Key Takeaways: ALT5’s share swap with World Liberty Financial set WLFI’s first valuation at $0.20. Several institutional investors and venture capital firms participated in the $1.5B share sale to buy WLFI. ALT5’s board additions include WLFI holders, raising potential conflict of interest concerns. On Monday, ALT5 said it will pivot to operate as a crypto treasury company, selling 200,000 new shares and using the proceeds to purchase $1.5 billion worth of WLFI. Half of the newly issued shares will be swapped directly for WLFI held by World Liberty Financial, according to ALT5 chief investment officer Matt Morgan . ALT5 Says Institutional and VC Investors Joined WLFI Share Sale ALT5 did not confirm whether other WLFI holders are participating in the swap, though it said several unnamed institutional investors and venture capital firms took part in the share sale. This is the first time WLFI has been priced since World Liberty Financial sold $550 million worth of tokens to investors between October and March. Pricing during that sale varied depending on purchase timing. Notable backers include Tron founder Justin Sun, who acquired $75 million worth of WLFI . Initially, the token was non-tradable, preventing any open market valuation. The transaction also underscores the rise of crypto treasury companies, public firms that raise capital via debt or equity to buy cryptocurrencies. Michael Saylor’s Strategy pioneered the model in 2020 with Bitcoin purchases funded by share and debt issuance, a move that has since driven its stock up more than 3,500%. Breaking: ALT5 Sigma SEC filings confirm $WLFI purchase at $0.20 per token. The estimated value might exceed all expectations! https://t.co/wVAyaPcGiT pic.twitter.com/nzR8SbI5ud — WLFI (@WLIF47) August 12, 2025 Favorable U.S. crypto policies under the Trump administration have spurred similar strategies from other companies, often formed through reverse mergers with struggling public firms. Conflicts of interest have emerged in some cases. For example, Tron Inc, which aims to accumulate TRX tokens, lists Weike Sun, father of Justin Sun, on its board. ALT5’s pivot comes with its own potential conflicts: the company has added World Liberty Financial CEO Zach Witkoff, COO Zak Folkman, and Eric Trump to its board. All three hold WLFI and thus stand to benefit from the token’s appreciation. WLFI Grants Governance Rights Without Being a DAO WLFI serves as a governance token for World Liberty Financial, granting holders voting rights on protocol changes. The project has emphasized it is not a decentralized autonomous organization (DAO). In July, WLFI holders voted to make the token tradable , with World Liberty Financial indicating trading could begin by the end of August. Just recently, it was reported that World Liberty Financial is seeking to raise $1.5 billion to launch a publicly traded treasury company holding both its proprietary WLFI token and cash reserves. If completed, the venture would mark another expansion of the Trump family’s growing presence in the digital asset sector. Notably, the crypto industry has donated over $26 million to Donald Trump this year, according to newly released campaign finance filings. Campaign finance records show that contributions to the pro-Trump super PAC, MAGA Inc., came from some of the biggest names in crypto. The post ALT5 Deal Puts First Valuation on Trump-Backed WLFI Token at $0.20 appeared first on Cryptonews .
12 Aug 2025, 13:18
This Bitcoin stock is up 90% in a week
BitMine Immersion (NYSE: BMNR) is once again capturing market attention as its Ethereum ( ETH ) holdings have surged from 833,137 to more than 1.15 million tokens in just one week. With an ETH portfolio valued at over $4.96 billion, the blockchain technology firm is currently the world’s largest Ethereum treasury. As a result of the inflows, BMNR shares have jumped nearly 90% over the past five days, sitting at $60.23 in pre-market at the time of writing. BMNR stock price. Source: Google Will BitMine own 5% of the total Ethereum supply? Thomas “Tom” Lee, BitMine Board Chairman and Fundstrat co-founder, describes the rapid buildup as part of the company’s goal to acquire 5% of the total Ethereum supply, a plan known as “the alchemy of 5%.” Institutional confidence appears to support the mission, with investors such as Founders Fund, Kraken , and Digital Currency Group now backing the company. At this rate, legal expert John E. Deaton predicts , BitMine is actually set to become the second-largest crypto treasury company overall in the next month, only behind Michael Saylor’s Strategy (NASDAQ: MSTR), whose crypto accumulation strategy has also been paying off as of late. At this rate, combined with Tom Lee’s grit and determination, I predict 30 days from now BitMine will be the #2 crypto treasury company in the world, only behind @saylor and @MicroStrategy . https://t.co/hCJJCbihmR — John E Deaton (@JohnEDeaton1) August 11, 2025 Lee also mentioned in a social media post that BMNR became one of the top 25 most liquid stocks in the U.S. based on trading volume. Indeed, the stock posted an average daily volume of $2.2 billion over the past week, which puts it ahead of the likes of JPMorgan (NYSE: JPM ). Featured image via Shutterstock The post This Bitcoin stock is up 90% in a week appeared first on Finbold .
12 Aug 2025, 13:16
Investors Shift Focus to Ethereum as Solana Meme Coins Struggle Amid Market Changes
Investors are currently reallocating funds into quality assets like Ethereum, while Solana meme coins are experiencing significant declines. Solana meme coins have dropped by 8.5% today, underperforming the broader crypto
12 Aug 2025, 13:16
Circle Debuts Layer-1 Blockchain Arc Using USDC for Native Gas
Circle Internet Group, Inc. (NYSE: CRCL) has unveiled Arc, an open Layer-1 blockchain designed specifically for stablecoin finance, marking what the company calls a “defining moment” in its step toward developing a full-stack internet financial platform. gm @arc The open blockchain designed for stablecoin finance https://t.co/dSOzO3FkGY — Jeremy Allaire – jda.eth / jdallaire.sol (@jerallaire) August 12, 2025 The announcement came alongside Circle’s fiscal Q2 2025 results, which highlighted substantial growth in its core business. Circle reports USDC in circulation surged 90% year-over-year to $61.3 billion, reaching $65.2 billion as of August 10, 2025. Total revenue and reserve income grew 53% to $658 million, while adjusted EBITDA climbed 52% to $126 million. The company posted a net loss of $482 million, primarily due to $591 million in non-cash charges tied to its June IPO. That offering raised $1.2 billion, with 19.9 million newly issued shares sold at $31 each, generating $583 million in net proceeds. CEO Jeremy Allaire describes the IPO as a “pivotal moment” not only for Circle but for the broader adoption of stablecoins, noting accelerating interest from global financial institutions and internet companies. Introducing Arc: Purpose-Built for Stablecoin Finance Arc represents Circle’s most ambitious infrastructure initiative to date. Built as an enterprise-grade blockchain, Arc will support stablecoin payments, foreign exchange, and capital markets applications. The EVM-compatible network uses USDC as its native gas token and features an integrated stablecoin FX engine, sub-second settlement, and opt-in privacy controls. Planned for public testnet launch this fall, Arc will be fully integrated with Circle’s existing platform and interoperable with dozens of partner blockchains. Allaire explains Arc will offer “a foundation for the next generation of internet finance,” giving developers and institutions purpose-built tools for stablecoin-based commerce. Payment Capabilities The Arc announcement follows the May launch of the Circle Payments Network, a platform allowing financial institutions to send and receive stablecoin payments. Circle reports more than 100 institutions are in the onboarding pipeline. Partnerships span digital asset platforms, banking providers, and payment processors, including Binance, Corpay, FIS, Fiserv, and OKX. Circle is making a push to embed USDC more deeply into global payment flows, cross-border transactions, and capital markets infrastructure. Allaire stressed that stablecoins are moving beyond niche crypto use cases into “every significant sector of the financial industry.” Vision for the Internet Financial System With Arc, Circle said it aims to close the gap between stablecoin adoption and the infrastructure needed for large-scale, compliant, and efficient use. By making USDC the native gas token and integrating foreign exchange functionality directly into the blockchain layer, Circle is positioning Arc as a ready-made environment for enterprises that want speed, stability, and regulatory clarity. “Our goal is to deliver a full-stack platform for the internet financial system,” Allaire said. “Arc is a key piece of that vision, and we believe it will accelerate the shift to a stablecoin-powered global economy.” Circle Launches Native USDC and CCTP V2 on Hyperliquid In July, Circle announced that its native USDC and Cross-Chain Transfer Protocol (CCTP) V2 will soon launch on Hyperliquid, a trading platform designed for decentralized finance. In a blog post , the firm reports a surge in Hyperliquid’s total assets under management (AUM), which recently topped $5.5 billion, up from under $4 billion earlier this month. The post Circle Debuts Layer-1 Blockchain Arc Using USDC for Native Gas appeared first on Cryptonews .
