20 Jun 2025, 21:00

XRP Eyes ETF Approval, Pi Network Awaits Utility Boost, While Web3 ai Raises $8.1M With 22.7B Tokens Sold

While XRP’s price direction depends on ETF updates and Pi Network’s future hinges on adoption, Web3 ai is gaining traction for very different reasons. Instead of waiting on approvals or future upgrades, Web3 ai already delivers a live AI platform. With its Stage 9 entry point at just $0.000443 and over $8.1 million raised, it’s catching the attention of those looking for utility, not speculation. Meanwhile, XRP and Pi still need major milestones to move forward. Here’s what’s driving these three names now. XRP Builds Strength as ETF Approval Odds Increase XRP is showing strength as anticipation builds around spot ETF approval. Analysts highlight how it’s maintaining a price above $2.20, backed by solid support from the 50 and 100-day EMAs. Momentum signals, including MACD, suggest a possible rally is forming. Repeated filings have pushed approval odds into the 80% range, and futures activity hints at growing institutional interest. Market insiders believe a breakout could happen if XRP clears resistance between $2.30 and $2.40, with $3.00 the next target. On-chain activity remains consistent, which supports the bullish sentiment. However, until a green light is given, any price jump remains speculative and tied to regulatory news. Pi Network’s GCV Strategy: A Long-Term Play or a Barrier? Pi Network’s large valuation gap between its internal GCV and external market price is stirring conversation. A new report claims this was done deliberately by the team to slow down early dumping after the mainnet goes live. The aim is to give the project time to boost ecosystem demand and add actual use cases. Backers argue this strategy helps early users by giving the project breathing room to grow before it faces market pressure. Critics, however, feel it limits user freedom. For those watching Pi, the gap presents both risk and reward: entry at market rates could pay off if adoption increases and GCV aligns with real demand. Regulatory decisions could also speed up this alignment. Web3 ai Raises $8.1M as Presale Gains Traction With Several AI Tools Web3 ai is quickly gaining ground as its utility is not just planned, it’s already in use. At $0.000443 in Stage 8, users unlock access to many working tools designed for crypto analysis and protection. A GARCH-powered risk engine stress tests portfolios, while another tool rates DeFi pools based on returns and risk. There’s also a contract scanner that flags vulnerabilities, helping users spot threats early. More tools monitor sentiment shifts, rebalance holdings, and track major movements across blockchains. All of this sits inside one unified dashboard. Each action burns WAI, increasing its scarcity as usage grows. With over 22.7 billion tokens already sold and a launch price of $0.005242, the early entry value is clear. The $8.1 million raised so far shows this project is gaining strong traction. Those who missed early moves like Solana now have a new opportunity on the table. With presale allocations closing quickly, Web3 ai is shaping up as a standout in the current market. In Summary XRP’s potential depends on news that remains out of user control. Pi Network’s future value is still tied to long-term mainnet performance. Web3 ai, on the other hand, offers working AI tools from the start. Stage 8 units sell for $0.000443 and grant access to several live utilities. With a set listing price of $0.005242, and over 22.7 billion tokens already sold, Web3 ai proves it’s more than just a presale. The project’s design links usage with value, offering real-world application from day one. For those prioritising functionality over speculation, Web3 ai delivers. Join Web3 ai Today: Website: http://web3ai.com/ Telegram: https://t.me/Web3Ai_Token X: https://x.com/Web3Ai_Token Instagram: https://www.instagram.com/web3ai_token The post XRP Eyes ETF Approval, Pi Network Awaits Utility Boost, While Web3 ai Raises $8.1M With 22.7B Tokens Sold appeared first on TheCoinrise.com .

20 Jun 2025, 19:30

From Subsidies to Shutdowns: Norway Moves to Restrict Bitcoin Mining

The Norwegian government has announced plans for a temporary ban on new data centers engaged in power-intensive cryptocurrency mining, in an effort to conserve electricity for other industries. Crypto Mining Generates Little for Local Community Norway’s government announced June 20 its intention to implement a temporary ban on the establishment of new data centers engaged

20 Jun 2025, 19:23

Bitcoin, Dogecoin Targeted as Norway Eyes Ban on New Crypto Mining Operations

The government said it will "explore the possibility of temporarily prohibiting the establishment of new data centers in Norway that extract cryptocurrency."

20 Jun 2025, 18:59

Norway Plans 2025 Ban on Power-Hungry Crypto Mining Centers – Industry on Edge

Norway is preparing to impose a temporary ban on the establishment of new cryptocurrency mining data centers that use the most power-intensive technologies. The move is part of a broader effort to conserve electricity for other sectors of the economy, according to a statement released by the government on Friday. The proposal is expected to take effect in autumn 2025 and would make Norway the first country in Europe to introduce targeted restrictions on crypto mining through data center regulation. Norway to Ban New Power-Hungry Crypto Mining Centers According to Reuters, Digitalization Minister Karianne Tung said the government is determined to clamp down on what it sees as unsustainable use of energy. “The Labour Party government has a clear intention to limit the mining of cryptocurrency in Norway as much as possible,” she said. JUST IN: Norway to BAN Bitcoin mining facilities. Digitalization Minister Karianne Tung says Bitcoin mining uses significant electricity with minimal local economic benefits. — Jacob King (@JacobKinge) June 20, 2025 Energy Minister Terje Aasland echoed that position, noting the environmental challenges posed by the industry. The government considers crypto mining incompatible with its climate goals, especially due to its high electricity consumption and limited value in terms of jobs or long-term investment. The decision builds on earlier measures. In 2022, the government proposed ending reduced electricity tax rates for data centers, which would have forced mining operations to pay standard energy costs. Finance Minister Trygve Slagsvold Vedum backed the measure, emphasizing the need to prioritize electricity for broader societal benefit. “Cryptocurrency mining is very power-intensive and generates little in the way of jobs and income for the local community,” Tung added. Norway’s abundance of cheap, renewable electricity, mainly from hydropower, has made it an attractive destination for crypto mining firms. In 2021, hydropower accounted for 92% of the country’s electricity, with wind power contributing another 7%. According to data from Cambridge University’s Bitcoin Mining Map in early 2022, Norwegian miners made up about 0.74% of Bitcoin’s global hash rate. Other estimates have put the figure closer to 2%. The government is also moving ahead with legislation introduced in April that seeks to regulate data centers more broadly. Operators would be required to register with local authorities and disclose ownership and the nature of services provided. This push for regulation reflects growing concern in Norway about how electricity is used, particularly as other industries face rising costs and pressure to meet sustainability goals. While the crypto sector has benefited from the country’s low-cost energy, officials now question its long-term benefits. As the global conversation around crypto mining and energy usage continues, Norway’s latest move marks a shift toward stricter control over how digital infrastructure is allowed to grow. Norwegian Town Faces Higher Power Bills After Bitcoin Mining Ban—A Pricey Victory? As Norway intensifies efforts to curb energy consumption with a nationwide ban on new crypto mining data centers, the local fallout is already being felt. In September 2024, a Bitcoin mining center in Hadsel municipality shut down following years of noise complaints and political pressure. While the closure ended a long-running dispute, it came with an unexpected consequence: a 20% spike in residents’ electricity bills . The mining plant consumed about 80 GWh annually, equivalent to the energy use of 3,200 households, according to the Norwegian Broadcasting Corporation (NRK). Its constant fan noise had caused serious disturbance, with a 2022 report describing locals as “distraught.” Despite this, the operating company maintained it had stayed within national noise limits. Hadsel Mayor Kjell-Børge Freiberg celebrated the shutdown, calling the plant “a nuisance for the past three years.” But the loss of the facility, which contributed 20% of local grid operator Noranett’s income, has left residents footing the difference. Noranett’s network manager, Robin Jakobsen, said households could now pay NOK 2,500–3,000 more annually (around $235–$280). As the municipality seeks new industrial partners to absorb the surplus energy, the incident illustrates the complex trade-offs in regulating crypto mining . While the goal is to reduce environmental strain, the economic ripple effects are unavoidable. Norway’s regulatory stance echoes broader international trends. Russia, for instance, has also imposed a mining ban across ten regions, set to begin in 2025, citing energy conservation. As governments tighten crypto mining policies, the tension between environmental responsibility and economic impact becomes increasingly apparent. The post Norway Plans 2025 Ban on Power-Hungry Crypto Mining Centers – Industry on Edge appeared first on Cryptonews .

20 Jun 2025, 18:20

Polkadot hits oversold extremes: is a rebound imminent?

Polkadot is approaching extreme oversold conditions after a relentless downtrend. With RSI nearing historic lows and price resting on major liquidity, a reversal rally could be on the horizon. Polkadot ( DOT ) has endured a steep and persistent downtrend, with its price sliding from $7.67 to a fresh swing low near $3.25. This prolonged decline has pushed the asset into oversold territory on key indicators like the RSI, sparking interest in a potential reversal setup. The market is now watching to see whether a bottoming structure will emerge at these critical levels. Key technical points Swing Low Support: Around $3.25, major resting liquidity High Time Frame Support: $3.75 — a reclaim level to confirm bullish intent Resistance Zone: $5 region, aligned with value area high RSI Signal: Approaching historical lows, previously led to local rallies Volume Behavior: Low during recent sell-off, indicating potential capitulation DOTUSDT (1D) Chart, Source: TradingView DOT’s bearish structure began at the $7.67 level and has continued unbroken for weeks, culminating in the formation of a new swing low around $3.25. This level is now a key point of interest, as it represents an area of resting liquidity that often draws price action before a reversal. Since reaching this low, DOT staged a brief oversold rally, tapping into resistance at the $5 mark, a level now reinforced by its confluence with the value area high. However, that bounce was short-lived, and price action has returned to the lows, where sentiment remains notably bearish. You might also like: Rexas Finance rockets 325%: blow-off top or just getting started? Despite this, technical indicators suggest exhaustion in the trend. The RSI is now flirting with historical lows, regions that have previously triggered impulsive, albeit short-lived, rallies. These typically occur once price forms a bottoming structure or triggers a liquidity sweep below key levels. The current scenario sets the stage for a potential swing failure pattern. If price takes out the $3.25 swing low but swiftly reclaims the $3.75 support, it could trigger a sharp reversal back toward the $5 resistance. This would align with previous behavior, where DOT bounced from oversold zones with conviction. Volume also supports this thesis. The latest leg down has occurred on significantly lower volume, typical of final-stage capitulation. This creates a setup where a spike below support, without follow-through, could trap late sellers and ignite a counter-trend rally. What to expect in the coming price action DOT is now at a make-or-break level. If a swing failure pattern confirms around the $3.25 low, the next move could be a sharp rally toward $5. However, failure to reclaim $3.75 with conviction would signal continued weakness. All eyes remain on this critical support zone. Read more: Norway bans new power-intensive crypto mining to conserve electricity

20 Jun 2025, 18:15

Tax chief urges crypto trading infrastructure in Russia

Russia needs to legalize the domestic exchange of cryptocurrencies, the head of the sanctioned country’s tax authority has suggested. Russia’s recently regulated crypto mining industry is currently selling most of the coins it mints abroad and this is impeding its development, the tax executive noted. His call to allow crypto sales comes amid ongoing discussions in Moscow on the launch of Russian trading platforms for digital assets. Tax chief urges crypto trading infrastructure in Russia Russia should build its own infrastructure to facilitate the sale of cryptocurrency inside the country, the head of its Federal Tax Service ( FNS ), Daniil Egorov, stated in an interview, quoted by Russian business and crypto media outlets. Speaking to the Russia 24 TV channel during the St. Petersburg International Economic Forum ( SPIEF ), Egorov argued that since cryptocurrency mining has been legalized, it’s only logical to provide crypto miners with the opportunity to legally sell their digital coins locally. Russian miners are now forced to sell their cryptocurrency “abroad, in the virtual world.” Having this option at their disposal in the Russian Federation is very important from the point of view of their development, the executive insisted, elaborating: “Naturally, there must be some kind of infrastructure on the territory of Russia, so that if they mined it legally, they could sell it legally.” Egorov went on to point out that it sounds strange to tell mining firms they can’t do anything with what they’ve mined if the Russian state has allowed them to mine already. “You need to be consistent, that’s how it seems to me,” he remarked. Around 1,000 companies and individual entrepreneurs, as well as 2,000 private citizens, are already involved in mining, he detailed. Earlier this year, the FNS said that, as of April 1, it had 722 entries in its registry for miners, including 116 “mining infrastructure operators,” providing hosting services. The head of the authority is convinced the numbers will grow. He admitted, however, that bringing the whole industry out of the shadow economy is not easy, reminding that miners who consume less than 6,000 kWh of electricity monthly are not required to register with the FNS. More than two-thirds of Russian crypto miners have yet to apply for registration with the tax-collecting body, Deputy Finance Minister Ivan Chebeskov unveiled this week. So far, only 30% of all participants in the sector have registered with the Federal Tax Service, he told Tass on the sidelines of the economic forum in Russia’s second-largest city. Financial regulators consider launching Russian crypto exchanges Speaking to RBC separately, Chebeskov revealed that the Ministry of Finance and the Bank of Russia are now discussing the legalization of crypto trading platforms, initially within Russia’s experimental legal regime (ELR) for cryptocurrency operations. The ELR was proposed as part of legislation adopted last year to facilitate the use of cryptocurrencies in foreign trade, as Western sanctions over Moscow’s invasion of Ukraine have severely limited access to the global financial system for Russian businesses. The Minfin official noted that while Russian investors can already buy crypto derivatives , there’s no infrastructure in Russia to support the trading of cryptocurrencies. He also remarked that, at this point, the authorities are considering using existing exchanges for that purpose. Chebeskov also emphasized that the financial regulators share the view that cryptocurrency trading should be available only to “ highly qualified ” investors, elaborating: “These must be investors with serious knowledge, understanding of these products and serious capital so that they can take such risks.” At the same time, he admitted that ordinary Russians use cryptocurrencies on a fairly large scale, and any ban now would have a negative effect, highlighting that the main issue is what to do with crypto exchanges outside the ELR. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot