Pi Network's token price dropped nearly 15% to around $0.08 as investors sold off ahead of a major unlock of 127.5 million tokens expected soon. This surge in supply overwhelmed liquidity and intensified bearish momentum, with open interest and funding rates signaling strong selling pressure. Despite some technical signs of a potential long-term recovery, ongoing geopolitical tensions, inflation fears, and weak demand for the token keep sellers dominant. Without increased demand or a fully open mainnet, the token faces further downside risk if upcoming unlocks continue to flood the market.
Circle minted about $5 billion USDC in the past week, marking one of its largest weekly issuances. This boost raises USDC's circulating supply to around $74 billion, still less than half of Tether's $183 billion but narrowing the gap. The mint coinci...
Sign and BNB Chain unveiled a sovereign stablecoin framework that enables governments to issue regulated digital currencies tied to their national money. The framework divides responsibilities between public blockchains, like BNB Chain, which handle ...
Ethereum traded near $2,465 after reaching a resistance level at $2,513 and closing down nearly 2%. Technical indicators like MACD and RSI suggest the asset is overbought, signaling a potential pause or pullback in the rally. Retail traders remain st...
Hyperliquid has launched its AQAv2 framework, directing yield from USDC reserves to buy back and permanently burn HYPE tokens. Circle manages the technical deployment of USDC, while Coinbase oversees treasury reserves. Reserve income accrues over 30-...
XRP fell 5.36% to around $1.44 after a strong rally that saw it gain over 50% in a week, reaching an intraday high of $1.69. Despite the pullback, it remains up 43.7% for the week, supported by a broader crypto market recovery. Leverage on Binance hi...
