Crypto Industry News & Market Trends

Why is Pi Network Price Down Today?

The post Why is Pi Network Price Down Today？ appeared first on Coinpedia Fintech News　　Pi Network price down nearly 8% today as traders react to rising exchange supply and growing concerns around token unlocks. While the upcoming Protocol V23 upgrade continues fueling optimism around Pis ecosystem development, short-term sentiment has turned cautious. The latest decline has pushed PI back toward a major accumulation zone near $0.1400, an area that historically attracted buyers.　　With price now retesting a key support level, traders are closely watching whether this correction is nearing exhaustion, or if more downside still lies ahead.　　Rising Exchange Supply Fuels PI Selling Pressure　　One of the biggest reasons behind Pi Network‘s latest price weakness is the sharp increase in exchange-held supply. Recent market data shows nearly 540 million PI tokens are now sitting on centralized exchanges, marking the largest exchange-held supply since Pi Network’s open mainnet launch. Rising exchange balances are often interpreted as a bearish signal because they indicate more tokens are becoming available for sale.　　Pi Network sits on 540M tokens on exchanges as Protocol 23 deadline closes in　　Nearly 540 million $PI now sits on centralized exchanges, the largest exchange-held supply since the open mainnet launch, signaling real selling pressure heading

05-18Industry

UnitedHealth (UNH) Stock Plunges 5% as Berkshire Hathaway Dumps Entire Position

UnitedHealth Group Incorporated, UNH　　The conglomerates most recent 13F regulatory filing, which reflects investment positions through March 31, revealed that Berkshire divested its entire holding of roughly 5 million shares in UNH. The exit is particularly striking given that Berkshire had only initiated the position during the second quarter of 2025 — representing a holding period of less than twelve months.　　This strategic shift represents part of a comprehensive portfolio realignment orchestrated by Greg Abel, who assumed the chief executive role at Berkshire on January 1, taking the helm from legendary investor Warren Buffett.　　When an investor of Berkshires caliber exits a position so rapidly, market participants pay attention. The disclosure triggered a wave of selling as investors interpreted the move as a bearish signal.　　Berkshire‘s divestment activity extended beyond UNH. The investment powerhouse also completely liquidated holdings in Amazon, Domino’s, Pool Corp, Mastercard, and Visa throughout the first quarter. These stocks experienced modest declines in early Monday trading.　　Meanwhile, Berkshire initiated new positions in Delta Air Lines and Macys, while expanding existing stakes in Alphabet and the New York Times.　　Government Restrictions and Strategic Member Cuts Compound Challenges　　The selling pressure extends beyond the Berkshire announcement. UNH faces mounting pressure from a federal government moratorium that

05-18Industry

BC.GAME and Roobet Join Statto.com Revival Project Alongside LuckyVerse Projects Ltd

Lucky Projects has announced that two major names from the global iGaming industry – BC.GAME and Roobet – have officially joined the Statto.com revival project as strategic partners and investors, supporting the platforms ongoing redevelopment ahead of its highly anticipated relaunch.　　The announcement follows LuckyVerse Projects Ltd‘s acquisition of Statto.com, one of the internet’s earliest and most recognisable sports statistics platforms, originally launched in the United Kingdom in 1998.　　With additional backing now coming from BC.GAME and Roobet, the project enters a new phase focused on accelerating development, restoring historical archives, and expanding the platforms long-term technological capabilities.　　Statto.com: One of the Internets Original Sports Data Platforms　　Long before modern analytics platforms and AI-driven sports models became mainstream, Statto.com established itself as one of the webs earliest dedicated sports statistics databases.　　The platform became widely known for its extensive football archives, historical league tables, player statistics, match results, and competition records spanning multiple decades. During the early internet era, journalists, broadcasters, researchers, betting analysts, and football enthusiasts regularly relied on Statto.com as a trusted source of historical sports information.　　Over the years, Statto built a reputation as a digital archive of football history, preserving records from leagues and competitions across multiple generations.　　LuckyVerse Projects Ltd previously confirmed

05-18Industry

Kraken trims workforce as AI adoption grows across crypto sector

Kraken has reportedly reduced its workforce by around 150 employees as the crypto exchange increases the use of artificial intelligence across its operations, a move that Bloomberg said could delay the companys planned U.S. public listing until 2027.Kraken has reportedly laid off about 150 employees as AI tools take on a larger role across the exchange.Bloomberg said the latest cuts may push Krakens planned U.S. public listing into 2027.Coinbase, Gemini, and other crypto firms have also reduced staff this year while restructuring operations around AI use.　　Bloomberg reported on Friday, citing a person familiar with the matter, that the layoffs were tied to operational efficiencies created through AI deployment inside the company, whose corporate entity is known as Payward. The same source told Bloomberg that Kraken is not preparing another round of cuts for now, even as AI tools are being adopted more aggressively across different teams.　　Pressure on crypto firms has continued to build this year as falling digital asset prices and rising automation costs reshape spending plans across the sector. Publicly traded crypto companies have already posted weaker first-quarter earnings after crypto markets lost momentum late last year.　　While Kraken had previously been expected to pursue a U.S. public offering this

05-18Industry

XRPL Validators Face Upgrade Deadline Ahead of Amendment Activation

XRP Ledger Foundation Director of Community Hussein Zangana, who goes by the name Vet on X, shares an important notice with XRPL validators.　　This comes in the wake of the latest release of the XRPL software, version 3.1.3. On May 8, the XRP Ledger Foundation announced the release of the latest XRP Ledger software, XRPL 3.1.3 version, which included one default-yes fix amendment.　　XRPL 3.1.3 is available for over a week now.　　✅ 40% of the network is updated.　　The fix amendment in it will be active in 9 days.　　Every node that hasnt been updated to 3.1.3 will be unable to communicate with the network.　　While we have been working with exchanges to inform and…　　With the new XRP Ledger version 3.1.3 now available for over a week, Vet indicated that only 40% of the XRP network has updated their nodes. Vet highlights the urgency to update as the fix amendment in the XRP Ledger software version 3.1.3 will be activated in about 9 days. This is essential as nodes that havent been updated to the latest software version will be unable to communicate with the network, referred to as amendment blocking.　　You Might Also Like　　Bitcoin Crash Wipes Out $660 Million　　XRP Volatility Ahead, Dogecoin (DOGE) Uptrend Continues,

05-18Industry

Bitget Introduces Delta Neutral Mode for Hedged Trading Strategies

Bitget, the worlds largest Universal Exchange (UEX), has introduced Delta Neutral Mode within its Unified Trading Account, adding a new risk management feature designed for traders using hedging and arbitrage strategies across spot, margin, and futures markets. The feature applies differentiated auto-deleveraging (ADL) ranking treatment to eligible hedged positions when accounts meet predefined delta neutrality criteria.　　Delta Neutral Mode allows users to combine spot, cross margin, and cross futures trading under a single unified account structure while the system evaluates directional exposure at both the account and asset levels. Eligible positions that satisfy the neutrality thresholds receive lower ADL priority during extreme market conditions, helping reduce the likelihood of auto-deleveraging for properly hedged strategies.　　The feature is designed for traders running funding rate arbitrage, basis trading, market-neutral strategies, and quantitative hedging models. It supports USDT-M, USDC-M, and Coin-M futures across live trading and demo trading environments, with ongoing rollout across web, app, and API access channels.　　“Trading infrastructure continues evolving toward more sophisticated multi-strategy environments where users actively manage exposure across spot, derivatives, and onchain markets simultaneously. Delta Neutral Mode adds more flexibility for traders using hedging and arbitrage strategies while improving how risk treatment is handled within a unified account structure,” said

05-18Industry

Bitget Launches Delta Neutral Mode to Cut Risk in Volatile Markets

is expanding its trading toolkit with the introduction ofDelta Neutral Mode, a new feature aimed at traders running hedged and market-neutral strategies across multiple markets.　　The update is part of the platforms Unified Trading Account system and is designed to improve risk management by adjusting how positions are treated during volatile market conditions.　　Bitget is one of the largest crypto trading platforms globally and operates as a Universal Exchange (UEX), allowing users to trade not only cryptocurrencies but also tokenized stocks, commodities, and derivatives within a single account. The platform serves over 125 million users and focuses on combining multi-asset access with advanced trading infrastructure. You can access Bitget .　　New Mode Targets Hedging and Arbitrage Traders　　Delta Neutral Mode is built for strategies that aim to reduce directional market exposure, such as funding rate arbitrage, basis trading, and quantitative hedging.　　The feature allows users to combine spot, margin, and futures positions under one account while the system continuously evaluates their overall exposure. If an account meets predefined “delta neutrality” conditions: meaning long and short positions effectively offset each other: those positions may receive more favorable treatment during extreme market events.　　In practical terms, this reduces the likelihood of auto-deleveraging (ADL), a mechanism exchanges use to

05-18Industry

Ryanair (RYAAY) Stock Drops Despite Record Profits as Fuel Price Uncertainty Looms

The Irish airline giant announced underlying after-tax earnings of €2.26 billion for the fiscal year ending March 31, 2026—representing a substantial 40% surge from the previous years €1.61 billion. Operating profit before tax climbed 36% to reach €2.42 billion.　　However, the impressive financial performance failed to impress the market. Shareholders reacted negatively to managements refusal to issue guidance for the upcoming fiscal year, coupled with expectations that first-quarter ticket prices will drop by a mid-single-digit percentage.　　Full-year revenue increased 11% to €15.54 billion. The carrier transported 208.4 million passengers, representing 4% growth, while average fares climbed 10% to approximately €51 per traveler.　　Fourth-quarter revenue of €2.51 billion exceeded Morgan Stanley‘s projection of €2.45 billion and the consensus forecast of €2.42 billion. The airline’s Q4 net loss improved to €311 million, surpassing analyst predictions.　　Chief Executive Michael O‘Leary explained that providing concrete FY27 profit targets was impossible under current conditions. “With zero H2 visibility and significant fuel price/potential supply volatility it is far too early to provide any meaningful FY27 profit guidance at this time,” O’Leary stated.　　Escalating Fuel Price Pressures　　Spot market jet fuel prices have soared above $150 per barrel, fueled by Iranian conflict and disruptions at the Strait of Hormuz. Ryanair has secured hedging

05-18Industry

XRP News: Ripple and Validators Approve Critical XRP Ledger (XRPL) Upgrade

In todays big XRP news, Ripple has officially released a major upgrade to XRP Ledger (XRPL). The major upgrade introduces significant fixes to NFTs, permissioned domains, vaults, and the Lending protocol, boosting network stability and security.　　Community Eyes Major XRPL Ledger (XRPL) 3.1.3 Upgrade　　According to the XRPL blog, Ripple developers announced the rippled version 3.1.3 upgrade, introducing the fixCleanup3_1_3 amendment that contains fixes for NFTs, Permissioned Domains, Vaults, and the Lending Protocol.　　Ripple emphasized the importance of the changes by setting the default vote to Yes in the new release. It requires all nodes to upgrade immediately for continued network participation.　　Notably, it fixes an issue with expired ‘NFT token offer’ entries remaining on the XRP Ledger. The upgrade will ensure Permissioned Domains arent modified by failed transactions and fix a trust line token limit check when withdrawing vault assets.　　It fixes loan accounting information, removes loan overpayments, and adds an additional check for cover matching assets held. Moreover, these changes protect data integrity, enforce transaction rules, and prevent potential ledger corruption in advanced DeFi and tokenized-asset use cases.　　Ripple and XRP Validators Nod Progress to Go Live on Mainnet　　The amendment in the XRP Ledger upgrade receives 97.14% approval from Ripple, Arrington XRP Capital, and

05-18Industry

Bitcoin Slides Under $77K as Crypto Liquidations Top $672M Amid Bond Sell-Off

The 10-year U.S. Treasury yield hit 4.63%—a 16-month high—up 70 basis points since the Iran War began, as odds of a 2026 rate cut collapsed to 2%.Spot Bitcoin ETF outflows reached $1 billion for the week ending May 15, the largest weekly exit since late January, per SoSoValue.Analysts say $77,000 is the critical threshold—a break below with elevated open interest could put a $70,000 retest in play.　　fell to a three-week low over the weekend as a surge in U.S. Treasury yields sent ETF outflows to their worst level since late January and drove more than $670 million in liquidations across crypto markets.　　The 10-year U.S. Treasury yield reached 4.63% on Sunday night—its highest since February 2025—up 70 basis points since the Iran War began, according to The Kobeissi Letter post Monday. The move puts yields four basis points above the level that prompted President Trumps 90-day tariff pause in April 2025. With U.S. mortgage rates nearing 7% and odds of a rate cut this year collapsing to 2%, “the U.S. bond market is collapsing in real-time,” the post read.　　The pressure is reaching crypto through an increasingly institutional transmission channel, according to Diego Martin, CEO of Yellow Capital. “Geopolitical shocks no longer

05-18Industry

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