Why is the Pi Network (PI) Price Down This Week

Let‘s have a closer look at the technical indicators, which might give us a clearer idea of why Pi Network’s PI token is performing poorly this week.  PI failed to hold at $0.16 and is now well on its way to $0.13 next!  PI Network (PI) Price Predictions: Analysis  Key support levels: $0.13  Key resistance levels: $0.16, $0.20  Key Support About to be Tested  At a macro level, we can see that PIs price exited a major downtrend in March 2026, when it made a higher high and appeared to have bottomed at $0.13. This could be interpreted as a major pause in the pre-existing downtrend.  However, this assumption is about to be tested by sellers, who appear determined to revisit the $0.13 support soon. If the price holds there again, PI may range between $ 0.13 and $ 0.20 for some time. Any failure will lead to new lows and a resumption of the downtrend.  Source: TradingViewWill $0.13 Hold?  The biggest question, based on this chart, is if the key support at $0.13 can stop this renewed push by sellers. At the time of this post, it is too early to call it, and buyers could return there like in the past.  Nevertheless, another visit to this level could

05-28

UK eyes A7A5 stablecoin, Huobi/HTX for Russian sanctions case

The United Kingdom is punishing a ruble-backed stablecoin issuer and the HTX digital asset exchange for assisting Russias efforts to evade economic sanctions imposed following the 2022 invasion of Ukraine.  On May 26, the U.K. governments Foreign, Commonwealth what assets are accepted as stablecoin reserves; whether to anchor stablecoins within existing regulations or create bespoke rules; and what jurisdictions permit and prohibit within their borders.  We encourage you to read the whole document, but we‘ll briefly summarize the paper’s recommendations.  First, echoing the BoEs concerns regarding the need for international stablecoin standards, ECRI believes “an architecture of mutual recognition” (aka accepting foreign-issued stablecoins alongside locally-issued tokens) is possible without countries having to choose between “full insulation and unrestricted openness.”  Two-tier approaches—like the U.K.s plan to restrict domestic payments to U.K.-issued sterling-backed stablecoins while permitting the use of other stablecoins for cross-border transfers—will “address the risks regulators care about in a targeted way, preserve the global fungibility on which the principal use cases depend, and create a meaningful incentive to local issuance without resort to exclusion.”  Second, regarding fiat reserves, the ECRI notes that none of the seven markets treat the issue the same, and while that remains their right, “regulators should articulate their reserve-composition choices

05-28

Bybit warns users over transfers with UK-sanctioned HTX

Cryptocurrency exchange Bybit has informed clients that transactions involving addresses linked to HTX may be subject to additional checks.  The warning comes after its rival was targeted in fresh U.K. restrictions on crypto services allegedly helping Russia with sanctions evasion.  U.K. sanctions push Bybit to check HTX-related flows  Dubai-based Bybit, one of the worlds largest crypto exchanges, has told users that transfers to and from addresses linked to HTX may be subject to increased scrutiny.  The main reason for its warning is the sanctioning of the Panama-incorporated entity operating its competitor, Huobi Global, by the British government this week.  Transactions involving HTX addresses may trigger additional anti-money laundering, compliance, or risk-control checks, the coin trading platform announced on social media.  Bybit called on customers to avoid using such wallets and urged them to make sure that all their account-related activities remain compliant with its policies and local laws.  Thus, users making HTX transactions subject to stricter AML control may be asked to provide documents confirming the origin of the funds and showing previous transaction history.  Certain functions, including withdrawals, may be blocked until the provided information is verified by Bybit, the Russian crypto news outlet Bits.media noted in a report on Thursday.  Important Notice Regarding Deposits and Withdrawals Related

05-28

Here’s Why Analysts say XRP Price is Extremely Undervalued’ at $1.30

XRP (XRP) is down roughly 64% from its July 2025 multi-year high, but several onchain and technical indicators suggested the altcoin was due for a “strong price rebound.”  Key takeaways:XRPs MVRV ratio fell to -47%, a level historically linked to strong market rebounds and accumulation.XRP Ledger transaction spikes suggest rising network activity and a possible macro price floor near $1.30-$1.50.XRPs bullish falling wedge pattern projects a 134% price breakout to $3.10.  MVRV ratio: XRP is in an “extreme undervalued” zone  XRPs market value realized value (MVRV) ratio, or the market cap divided by the realized cap, has dropped to levels that have historically aligned with accumulation zones and market bottoms.  The chart shows that XRPs 30-day MVRV has now fallen to -47%, its lowest level since December 2020.  This suggests that fear and frustration among investors have “reached rare extremes that have historically preceded strong rebounds,” onchain data provider Santiment in a Tuesday post on X, adding:  “Historically, MVRVs (average trading returns) will always average out to 0%, making this current level an extreme undervalued zone for $XRP. ”  Deeply negative MVRV readings tend to appear when retail traders have largely given up, creating conditions where even small positive catalysts can trigger strong rallies.  While weak MVRV readings

05-28

Leopold Aschenbrenner just disclosed one of his largest stock positions

Leopold Aschenbrenner, known as one of the youngest billionaires and a former member of the OpenAI research team, has just disclosed one of his largest stock positions yet.  According to the latest Schedule 13G filings submitted on May 27 by Aschenbrenners Situational Awareness Fund, the young investor holds 12.4 million shares in Nebius (NASDAQ: NBIS).  The position represents a 5.6% stake, which makes the fund one of the largest institutional investors in the artificial intelligence (AI) company.  At the stocks last closing price of $208.37, the position is worth around $2.6 billion, a fact that sent NBIS stock up 12% in pre-market trading.  Situational Awareness Fund‘s Nebius position. Source: SEC.govNebius becomes Leopold Aschenbrenner’s largest holding  Currently, Nebius stands as the funds largest holding. The other notable positions include various AI infrastructure, energy, and compute bets.  For example, the portfolios second-largest disclosed position is Bloom Energy (NYSE: BE), worth $878.7 million. Other comparable investments include Sandisk (NASDAQ: SNDK), at $724.4 million, and CoreWeave (NASDAQ: CRWV), at $556.1 million.  Also worth mentioning is Aschenbrenners exposure to Bitcoin (BTC) via mining companies and the energy sector. For instance, his previous 13F filings disclosed positions in Iren Limited (NASDAQ: IREN), Core Scientific (NASDAQ: CORZ), and CleanSpark (NASDAQ: CLSK).  His other noteworthy bets

05-28

Bitcoin Sends An Unusual Signal After Miner Inflows Top 20,000 BTC – Analyst Explains The Setup

Bitcoin is struggling to reclaim higher levels as the price tests the $76,000 level and the market searches for the structural support needed to prevent the correction from extending further. The backdrop is challenging — but a CryptoQuant report has identified a specific event in the miner flow data that adds an important layer of context to the current price action, and the most significant detail is not the event itself but what happened immediately after it.  On May 18, miners sent approximately 21,000 BTC to Binance in a single day. That figure places the event in a specific historical category: it marks only the second time since February 5, 2026 that miner inflows to Binance have exceeded 20,000 BTC in a single session. The February 5 instance recorded approximately 23,150 BTC arriving from miners — a deposit that coincided with one of the most significant price moments of the recent cycle.  Despite the weakness, bulls have so far managed to prevent a decisive breakdown below the critical support region between $72,000 and $73,000. That zone has become the most important structural level on the chart, aligning closely with the rising short-term moving averages that supported the recovery throughout April and early

05-28

Revolut customers Italy banking: 5 million milestone and daily use

Revolut customers Italy banking has taken a noticeable step deeper into the countrys financial mainstream. The company says it has now surpassed 5 million customers in Italy, a milestone that also places Revolut as the fifth bank in Italy by number of customers.  That matters because this is no longer just a story about a popular payments app picking up users. In Italy, Revolut is increasingly being used for the routines that define a real banking relationship: salary deposits, savings, tax payments, household money management, and business finance.  The shift is showing up in the numbers. Italian users processed more than 50 billion euros in transactions in 2025, up 78% year on year, while deposits, salary inflows, and savings products all moved sharply higher. For a company that first gained traction as a travel-friendly fintech, Italy now looks like a test case for something bigger: becoming a primary bank account in everyday life.  Revolut crosses 5 million customers in Italy  The clearest signal in the Revolut customers Italy banking story is scale. Crossing 5 million customers gives the company a far larger footprint in one of Europes most important retail banking markets.  Revolut also says it is now the fifth bank in Italy by number

05-28

Japanese Yen: Approaching intervention zone against USD – Societe Generale

Societe Generale analysts note USD/JPY grinding towards 160 as widening 2-year UST/JGB spreads dominate over Oil moves for the Japanese Yen (JPY). The pair trades within 1% of the late-April intervention level, with markets assuming a 25 bp Bank of Japan (BoJ) hike in June. They highlight key intraday support, resistance and sizeable option expiries.  Spreads drive Yen weakness  “Spot advances to new May high tracking oil, US yields. Support 158.70, resistance 160.70.”  “In G10 FX, it is puzzling to observe USD/JPY grinding towards 160, tracking the re-widening in 2y UST/JGB spread to 270bp.”  “The level in spreads is not insignificant technically and corresponds with the previous high of Nov-25. It also demonstrates that bond spreads hold greater sway at present over oil prices in the case of the Yen.”  “Hawkish declarations by Governor Ueda earlier this week appear to have formalised a 25bp increase by the BoJ to 1.0% on 16th June, one day before the FOMC.”  “The currency trades within 1% of the intervention level of 160.72 in late April. Not quite a waste of $67bn but a high price nonetheless to achieve barely a ripple. The cost of JPY calls/ USD puts has cheapened over the past three weeks from -1.67 to -1.07,

05-28

CFTC Moves to Overturn $5 Million Gemini Penalty Following Internal Investigation

Federal regulator requests reversal of Geminis $5M civil penalty settlement.Internal review reveals significant evidentiary problems in original case.CFTC and Gemini jointly petition court to vacate settlement provisions.Whistleblower testimony used in case now deemed unreliable by agency.Original enforcement action failed to satisfy updated compliance standards.  The Commodity Futures Trading Commission has petitioned a federal judge to dismantle substantial portions of its concluded enforcement action against Gemini Trust Company. This unprecedented request comes after a comprehensive internal examination uncovered fundamental flaws in the investigations foundation. The development raises broader questions about how cryptocurrency enforcement actions were previously conducted and evaluated.  Federal Agency Reassesses Crypto Enforcement Action  On May 27, the CFTC and Gemini submitted a collaborative legal filing with the U.S. District Court for the Southern District of New York. This joint petition seeks to overturn portions of a consent decree established in January 2025, which imposed a $5 million financial penalty on the cryptocurrency exchange. The agency now acknowledges that filing the original complaint was inappropriate under existing regulatory protocols.  The enforcement action originated in June 2022 when federal regulators alleged that Gemini had provided false information to the agency. The allegations centered on the companys 2017 self-certification process for bitcoin futures trading on Cboe

05-28

XRP Price Prediction for June 2026: Is a Bear Trap Forming?

XRP price trades at $1.28 heading into June as $227.10 million in short liquidation leverage stacks against $118 million in fresh May ETF inflows.  The setup creates two opposing forces. A symmetrical triangle pattern points to a downside break, but accumulation behavior and crowded shorts hint at a possible June squeeze. Whether XRP price snaps higher or breaks the triangle defines the next move.  XRP Hits Its Best ETF Inflow Month of 2026 But Still Closes May in Red  May 2026 marks XRP‘s strongest ETF inflows month of the year. US XRP spot ETFs logged $118.29 million in net inflows per SoSoValue. That is higher than April’s $81.59 million and a full reversal from Marchs $31.16 million outflow.  XRP Spot ETF Monthly Flows: SoSoValue  Yet XRP price is closing May down 6.19% with two days left. The disconnect highlights how ETF flows alone do not drive XRP when historical seasonality cuts the other way.  The seasonal pattern fits the calendar this year. XRP price has tracked its historical median for every month in 2026. January closed negative on a -10.6% median. April closed mildly positive. May trails toward -6.19% on a -4.40% median with two days to go.  XRP Monthly Performance Heatmap: CryptoRank  The June median for XRP

05-28
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