Invest ideasNews
12 May 2026, 10:36
Pi Network Coin price is in a deep slumber: will it surge or crash?
Pi Network price remains in a deep slumber this month, continuing a consolidation that started in March this year. It has largely ignored some of the top catalysts, including the ongoing upgrades and the recent statements by its founders at the Consensus event in Miami. Pi Coin was trading at $0.1720, down by 42% from its highest point this year. Pi Network upgrade will see it compete with top chains like Ethereum Pi Coin price has struggled even as the network goes through a major upgrade that will radically change its business. It is in the final stages of carrying out the V23 upgrade , which will align it with Stellar Protocol 23, and there is hope that it will continue to get to 26. The main change in this upgrade is that it will introduce smart contract capabilities to the network. Its developers have already launched the testnet of the Remote Procedure Call (RPC). Introducing smart contracts to the network is important because of the capabilities they will unlock in the near term. While it has always been possible to build applications on Pi Network, these have been highly centralized. Smart contracts that will make it possible for developers to build dApps like those in industries like games, decentralized finance (DeFi), and real-world asset (RWA) tokenization. In the future, it will be possible to have dApps like Aave, Uniswap, and Morpho on Pi Network, a move that will improve its utility. The challenge, however, is that the smart contract industry is highly competitive, and potential challengers to Ethereum have always failed. Ethereum maintains the biggest market share in key areas like DeFi, gaming, and stablecoins. Only a handful of chains have become popular among users, including Solana, Hyperliquid, BNB, and Base. On the other hand, many major layer-1 and layer-2 chains like Berachain, Scroll, IOTA, and Zilliqa have all become ghost chains. Pi Network is pivoting to AI Meanwhile, Pi Network is continuing to pivot to the artificial intelligence industry. One approach to this is the recent investment in OpenMind, a company at the intersection of AI and robotics. This approach will see the two companies collaborate, a move that will benefit its miners. Most notably, the developers are working on launching solutions to help companies verify users. It will do that by leveraging its know-your-customer (KYC) tool that has already KYC’d over 18.1 million users. It has also helped to conduct over 16.72 million mainnet migrations. https://twitter.com/PiCoreTeam/status/2053875129998770638 Launching such a product will help it compete with the likes of Humanity Protocol and Worldcoin. Still, there are signs that the Pi Network coin demand remains thin. Data shows that the daily volume dropped by 15% in the last 24 hours to over $13 million. Pi Network price prediction: technical analysis Pi Coin price chart | Source: TradingView The daily chart shows that the Pi Coin price has plunged from the March high of $0.2980. This decline is in line with our forecast ahead of the Kraken listing . The coin has remained below all moving averages. It has also remained inside the narrow range between the key support and resistance levels at $0.1650 and $0.1993. Pi Network Coin is slowly forming a bearish flag pattern, a common continuation sign in technical analysis. This is a sign that it will continue falling, potentially to the key support level at $0.1500. This will be confirmed if it drops below the support at $0.1650. The post Pi Network Coin price is in a deep slumber: will it surge or crash? appeared first on Invezz
12 May 2026, 10:35
EUR/JPY Steadies Above 185.00 as ZEW Survey Data Provides Directional Cues
BitcoinWorld EUR/JPY Steadies Above 185.00 as ZEW Survey Data Provides Directional Cues The EUR/JPY cross held steady above the 185.00 psychological level during early European trading on Tuesday, following the release of the latest ZEW Survey of Economic Sentiment for Germany and the broader Eurozone. The pair showed limited directional bias, consolidating near the 20-day and 50-day simple moving averages, as traders assessed the implications of the data for monetary policy divergence between the European Central Bank and the Bank of Japan. ZEW Survey Provides Mixed Signals for Eurozone Outlook The ZEW Economic Sentiment Index for Germany came in slightly above market expectations, reflecting improved investor confidence despite ongoing headwinds from manufacturing weakness and global trade uncertainties. The Eurozone-wide index also improved marginally. However, the current conditions component remained deeply negative, underscoring the structural challenges facing the bloc’s largest economy. For the EUR/JPY pair, the data offered limited immediate impetus, as the euro’s reaction was muted against the yen, which continues to draw support from expectations of further Bank of Japan policy normalization. Technical Levels and Moving Average Dynamics From a technical perspective, EUR/JPY is trading in a tight range between the 20-day SMA near 184.80 and the 50-day SMA around 185.30. The pair has been oscillating within this band for several sessions, suggesting a period of consolidation after the recent decline from the 187.00 area. The 100-day SMA, located near 183.50, provides a more significant support level. A sustained move above 185.50 would open the door toward the 186.00 resistance zone, while a break below 184.50 could accelerate selling pressure toward the 183.80 region. The Relative Strength Index (RSI) is hovering around 50, indicating neutral momentum and no clear directional bias in the near term. Market Implications for Traders The current steadiness in EUR/JPY reflects a broader market indecision about the relative paths of monetary policy. The ECB is expected to continue its easing cycle, while the BoJ is moving toward rate hikes, a divergence that typically favors the yen. However, the euro has found some support from improving risk sentiment and higher European bond yields. For traders, the key question is whether the 185.00 level will act as a pivot for a reversal higher or a continuation of the downtrend. The next major catalyst will be the Eurozone CPI data due later this week and any further commentary from BoJ officials regarding the pace of rate increases. Conclusion EUR/JPY remains in a wait-and-see mode above 185.00, with the ZEW survey data providing no clear catalyst for a breakout. The pair is technically neutral in the short term, with moving averages converging and momentum indicators flat. Traders should watch for a decisive move above 185.50 or below 184.50 for directional cues, while keeping an eye on the broader monetary policy narrative from both the ECB and the BoJ. FAQs Q1: What is the ZEW Survey and why does it matter for EUR/JPY? The ZEW Survey measures economic sentiment among institutional investors and analysts in Germany and the Eurozone. It matters for EUR/JPY because stronger sentiment can support the euro, while weaker readings may weigh on it, influencing the pair’s direction. Q2: How do moving averages affect EUR/JPY trading? Moving averages, such as the 20-day and 50-day SMAs, act as dynamic support and resistance levels. When the price steadies above these averages, it often signals bullish momentum; trading below them suggests bearish pressure. The convergence of MAs can indicate a pending breakout. Q3: What are the key support and resistance levels for EUR/JPY? Key support is at 184.50 (near the 20-day SMA) and 183.50 (100-day SMA). Resistance is at 185.50 (50-day SMA) and 186.00 (psychological level). A break above or below these levels could set the next trend. This post EUR/JPY Steadies Above 185.00 as ZEW Survey Data Provides Directional Cues first appeared on BitcoinWorld .
12 May 2026, 10:26
XRP ETFs just recorded their biggest daily inflow yet
On May 11, the United States spot XRP exchange-traded funds (ETFs) recorded the largest daily cash inflow since January 5, 2026. The U.S. spot XRP ETFs registered a net inflow of approximately $25.80 million on Monday, according to data from SoSoValue analyzed by Finbold on May 12. As such, these funds cumulatively hold tokens valued at about $1.18 billion at press time. Spot XRP ETFs daily flow. Source: SoSoValue The highest single-day inflow in 2026 was $46.10 million, posted on January 5. Since the beginning of May, these ETFs have not logged any negative days, thereby signaling a potential renewal of institutional demand. Franklin XRP ETF (XRPZ) was the best-performing, as it attracted $13.62 million in net inflows on Monday. Having reported its highest daily cash inflow at the beginning of this week, the XRPZ had a total assets of $286.82 million at the time of publication. XRPZ 2026 daily flow chart. Source: SoSoValue Meanwhile, the Bitwise XRP ETF (XRP) and Grayscale XRP Trust ETF (GXRP) posted a net cash inflow of $7.59 million and $4.59 million, respectively. XRP price gains bullish momentum on renewed institutional demand Following the notable renewed demand for this token in the United States, its price has signaled bullish sentiment. Over the past seven days, the token surged over 3.7%, trading at around $1.46 at the time of reporting. XRP/USD 7-day performance. Source: Finbold As such, the Finbold AI Agent – an advanced financial assistance tool – predicted further growth in the near term. The Finbold AI Agent expects the token’s price to hit $1.48 on May 19, thus representing a 1.19% gain. XRP price prediction for 7 days. Source: Finbold Nonetheless, the near-term bullish outlook for this token could be influenced heavily by the spot ETF’s performance. The post XRP ETFs just recorded their biggest daily inflow yet appeared first on Finbold .
12 May 2026, 10:17
Zcash price slips 3%: will the CLARITY Act trigger more downside?
Zcash is trading above $550 on Tuesday, down 3%, extending its three consecutive days of declines as traders turned cautious ahead of Thursday’s Digital Asset Market Clarity (CLARITY) Act vote. Retail interest in the privacy coin takes a hit amid a three-day decline, with ZEC futures Open Interest falling by over 17% in 24 hours. Momentum indicators suggest that the outlook remains largely unchanged, as price holds above the key support at $534. ZEC stays above $550 despite declining retail demand Retail appetite for the privacy-focused token weakened sharply over the past 24 hours. According to CoinGlass data , Zcash futures Open Interest dropped more than 17% to $1.04 billion, signaling a notable decline in leverage-driven positioning. However, the short-term rebound in funding rates to 0.0198% reflects traders' buying long positions at a premium in anticipation of a rebound. The decline comes as retail interest declines, with the upcoming CLARITY Act vote on Thursday and Middle East tensions weighing on the broader cryptocurrency market. The proposed CLARITY Act could increase compliance pressure on Digital Commodity Exchanges (DCEs), particularly through stricter Anti-Money Laundering (AML) requirements, creating additional uncertainty for privacy-focused cryptocurrencies like Zcash. A steady decline in ZEC’s spot market could result in liquidations of the short-term bullish positional buildup, potentially triggering a long squeeze. ZEC technical outlook: Bulls continue to defend $534 support The ZEC/USD 4-hour chart remains bullish despite ZEC underperforming over the past few days. At press time, ZEC is trading at $551, maintaining its bullish structure above the 50, 100, and 200-day Exponential Moving Averages (EMAs), clustered between roughly $314 and $389, and the 61.8% Fibonacci retracements at $534. Price also remains above the key 61.8% Fibonacci retracement level at $534. Momentum indicators, however, suggest bullish strength may be fading. The Moving Average Convergence Divergence (MACD) indicator remains above its signal line, but the shrinking histogram points to slowing upward momentum. Meanwhile, the Relative Strength Index (RSI) slipped to 52, indicating that the bullish bias could be fading on the 4-hour chart. If the selloff persists, sellers would encounter initial support at the 61.8% retracement at $534, followed by the 50% retracement near $467 and the 38.2% level around $401. A break below these levels could expose the 50-day EMA at about $389 and the broken rising trend line near $344. This will reinforce a broader demand band above the 100 and 200-day EMAs around $348 and $314, respectively. However, if the buyers regain control, immediate resistance would be seen at the 78.6% Fibonacci retracement around $629, ahead of the prior swing high near $750. As long as ZEC holds above the $534 support zone, the broader bullish structure remains intact despite short-term weakness. The upcoming CLARITY Act vote in the United States and the conditions of a deal between the US and Iran could dictate how the broader crypto market performs this week. The post Zcash price slips 3%: will the CLARITY Act trigger more downside? appeared first on Invezz
12 May 2026, 10:15
Silver Stages Tentative Breakout Above Key Resistance, OCBC Analysts Note
BitcoinWorld Silver Stages Tentative Breakout Above Key Resistance, OCBC Analysts Note Silver prices are showing signs of a tentative breakout above a key resistance level, according to analysts at OCBC. The move, while still early, suggests a potential shift in short-term momentum for the precious metal, which has traded in a relatively narrow range in recent weeks. OCBC Flags Resistance Break in Silver In a note released on [insert date if known, otherwise remove], OCBC’s foreign exchange and commodities strategy team highlighted that silver has edged above a technical resistance zone that had capped upside moves. The analysts described the breakout as “tentative,” indicating that confirmation from follow-through buying and sustained price action above the level is needed before declaring a definitive trend change. The specific resistance level referenced by OCBC corresponds to a price area that has historically acted as both support and resistance, making it a closely watched threshold for traders. A sustained move above this zone could open the door to further gains, while a failure to hold would likely see silver retreat back into its recent trading range. Context and Market Implications Silver’s price action comes against a backdrop of mixed signals in the broader precious metals market. Gold has also been attempting to stabilize after a period of consolidation, while industrial metals face headwinds from global economic uncertainty. Silver, which has both monetary and industrial demand drivers, often exhibits higher volatility than gold. For traders, the OCBC analysis provides a clear technical framework: the breakout level now becomes a potential support zone on pullbacks. A close above this level on a weekly basis would be seen as a more reliable signal. Conversely, a quick reversal below the breakout point could trap late-breaking buyers and lead to a sharp correction. What This Means for Investors The tentative nature of the breakout means that risk management remains crucial. Investors should watch for confirmation signals, such as higher trading volume accompanying the price move or a series of daily closes above the resistance level. The broader macroeconomic environment, including Federal Reserve policy expectations and US dollar strength, will also play a significant role in determining silver’s next directional move. Conclusion OCBC’s observation of a tentative breakout in silver adds a constructive technical note to the precious metal’s outlook, but caution is warranted. The coming sessions will be critical in determining whether this move marks the beginning of a sustained rally or a false breakout. Traders and investors are advised to monitor price action closely and manage positions accordingly. FAQs Q1: What does a tentative breakout mean in technical analysis? A tentative breakout means the price has moved above a resistance level, but the move is not yet confirmed by sustained trading or volume. It could be a false breakout if the price quickly falls back below the level. Q2: Why is the OCBC analysis important for silver traders? OCBC is a major bank with a respected research team. Their technical analysis provides a professional, institutional perspective that many market participants follow, potentially influencing trading decisions. Q3: What key levels should silver traders watch next? If the breakout holds, the next resistance levels to watch are the recent highs and psychological round numbers. If it fails, the prior support zone below the breakout level becomes the key area to monitor. This post Silver Stages Tentative Breakout Above Key Resistance, OCBC Analysts Note first appeared on BitcoinWorld .
12 May 2026, 10:12
Bitget Under Fire As $480m Withdrawal From Lab Sparks Allegations Of Coordinated Exchange Action
With a wave of suspicious on-chain transactions connected to Bitget, the crypto market is finding itself once again faced with accusations of lack of transparency and practices by centralized exchanges. Massive 500 million withdrawn from CEXs, abundant discussions about the potential “Price Manipulation” on Centralized platforms have reemerged. ZachXBT Dives Deeper into $LAB Token Scandal: Offers Bounty Following Market Manipulation Allegations Central to the controversy are allegations of collusion, opaque business practices and what some observers now call a Chinese CEX cartel dynamic at play. Another Under-Collateralised Protocol at A Glance Blockchain analytics firm Lookonchain revealed the incident after noticing a strange pattern of transactions In their analysis, they found that 10 newly created wallets withdrew a total of 100 million LAB tokens from Bitget in just over 12 hours. That movement is big. This withdrawn volume makes up approximately 32.26% of LAB’s total circulating supply, a sufficiently large amount to be transferred over that short period of time, particularly through undeveloped wallets without previous transactions history. The valuation intensifies the significance. The tokens were worth around $480.33 million at the time of going offline, making this one of the largest large-scale single-exchange token movements over recent months. Ten fresh wallets withdrew 100M $LAB ($480.33M) from #Bitget over the past 12 hours, 32.26% of the circulating supply. https://t.co/hKh7C1lvKA pic.twitter.com/c8ABgvBJ8R — Lookonchain (@lookonchain) May 12, 2026 ZachXBT Makes Serious Allegations Against Bitget These transactions first came to light shortly after on-chain investigator ZachXBT publicly criticized Bitget and its top brass. He said exchange executive Shawn Liu was allowing “shady” stuff to go on behind the scenes on the platform in a pointed statement. Going on to describe Bitget and its behavior within what ZachXBT described as a “Chinese CEX cartel,” which includes certain centralized exchanges working together typically to maximize profit without regard for transparency or their users’ interests. He said those are the kinds of entities that have been operating for years with few checks, reaping income from market operations without real oversight. His comments highlight a mounting frustration among parts of the crypto community, especially those pushing for greater accountability at centralized trading venues. Shawn Liu is the Bitget big boss who allows these scams to operate behind the scenes while Gracy Chen is only the face of it. The Chinese CEX cartel has gone unchallenged for years and doesn’t care as long as they benefit from the activity. I think it is almost time to… — ZachXBT (@zachxbt) May 12, 2026 Coincidence Or Some Fugazi Timing with Market Consolidation This makes the timing of the withdrawals a juicy subplot. These were all conducted while LAB was stuck in between tight consolidation as it did not show any early signs of a breakout. On-chain observers had noticed suspicious wallet activity, with hints of developments lurking beneath the surface, even before the withdrawal. Such an abrupt removal of a whole lot of provide finally really seems to corroborate those suspicions. Shortly after, there was a violent spike in LAB that then promptly hit all time highs at $6.6. The rapid surge in price has increased speculation that the withdrawals could have been an effort to position coordinated activity ahead of the breakout. Even though there is little explicit proof of intent, the pattern, bond price going sideways, sizable withdrawals and then an explosive move upward in clustering price, casts significant doubt on whether or not this market move was for real. Market Impacts On LAB And Supply Concentration More than 32% of the awake LAB has been withdrawn from circulation, and this is already influencing market dynamics. Taking such a large amount of tokens out of exchange liquidity can significantly decrease selling pressure and increase volatility in price. In this case, the lower token supply on the exchange probably helped to push up its price sharply afterwards. A decrease in supply equals a larger influence on price, even with moderate buying pressure. This dynamic creates a positive feedback loop: as prices go up, more buyers want in, which further raises prices. Still, by their nature, not a large number of wallets can control the supply, which creates risk because if these holders decide to liquidate prices drop sharply. LAB reached a peak of $6.6, and has an FDV of ~$3 billion today, an incredible number in light of the events that led to it recently. Increased Transparency Concerns about Centralized Controlled Exchanges This event goes beyond just one token or platform, as it really underscores the problem with how centralized exchanges operate and lack of transparency. Centralized exchanges tend to be more opaque, compared to decentralized platforms where transactions and liquidity are entirely on-chain. Internal order books (2nd layer CEXs), custody & wallet management practices are usually obfuscated from users. It allows big moves to happen without immediate reason. Even if not all such activity is inherently ill-intentioned, lack of clarity can erode trust, especially when matched with atypical market behavior.The reference to a “cartel” from ZachXBT is indicative of an increased belief among some players in the crypto market that exchanges may collude in ways they do not fully disclose publicly. Q&A Market Side: What is Still in Play As of now, Bitget and its management have not further issued a public statement regarding the allegations. The silence contributes to the ambiguity surrounding the episode. At the same time, traders and analysts keep an eye out for wallets associated with the withdrawal. Depending on movements in the future, either accumulation or distribution might be able to clarify intention. The crypto market has seen its share of these types of pre-move disruption events, where huge block movements of suspicious origin occurred just prior to big price moves. For some of them, these were eventually linked to institutional positioning or internal exchange operations; while others raised more troubling questions about market manipulation. The matter is still open for now. With the withdrawal scale and subsequent price jump unfolding so rapidly, it was certainly an event that got Bitget into a negative spotlight. The Moment of Trust in Crypto Markets Perhaps this episode will be remembered as a major test of transparency and accountability for the crypto industry. With the expansion of institutional participation and market caps into the billions, expectations for governance and disclosure are rising too. What the investors need to know, however, goes deeper than LAB price action, it is also amiss with regard to the structural factors that lead massive amounts of capital being tied up in poorly understood, opaque systems. What happens next depends on whether the accusations against Bitget are pursued or ultimately fade away over the next several days. The only thing that can be said for sure is that the discussion about responsibility of centralized exchanges is still not over. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. 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