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Pi Network Pushes Game Development With Fruitypi Launch
GameFi Guides

PI Network Pushes Game Development with FruityPi Launch

by admin May 31, 2025



Pi Network is doubling down on gaming as a key catalyst for driving user engagement and utility across its ecosystem. The newly launched FruityPi game is the latest example of how developers can harness the power of Pi’s native tools, including the Pi cryptocurrency, Pi Wallet, and Pi Ad Network, to create fun, functional, and monetized applications.

Gaming is a strong fit for driving fun, engagement, and utility in the Pi ecosystem. The new FruityPi game app shows how integration with multiple Pi products like Pi cryptocurrency, Pi Wallet, and Pi Ad Network can benefit developers, while leveraging what the Pi community has… pic.twitter.com/8X8ULVYXEk

— Pi Network (@PiCoreTeam) May 30, 2025

Pi Network is inviting developers to explore similar integrations and encourages game creators to leverage the collective strength of the Pi community, which offers visibility, user sign ups, and engagement.

To learn more or explore how to develop with Pi, users and developers are directed to the Pi mining app for additional resources and guidance.

Also Read: PI Network Mainnet Migration 2nd Phase Begins: Users Claim





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May 31, 2025 0 comments
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Ethereum network growth, bullish ETH futures support $2.4K
Crypto Trends

Ethereum network growth, bullish ETH futures support $2.4K

by admin May 31, 2025



Key takeaways:

Ether (ETH) has repeatedly failed to break above $2,700 since May 13, but despite this short-term weakness, Ether’s price has outperformed the broader cryptocurrency market capitalization by 17% over the past 30 days, raising the likelihood of a correction as macroeconomic uncertainty continues.

Investors are concerned that declining interest in decentralized applications (DApps) across all blockchains is a key reason why ETH still trades 48% below its October 2021 all-time high of $4,870. The industry’s total value locked (TVL), currently at $122 billion, is still 43% below its December 2021 peak.

Total value locked market share. Source: DefiLlama

Ethereum continues to dominate the TVL landscape with a 54.2% market share, and leading Ethereum layer-2 solutions have secured an additional 6.3% share of the TVL, reducing the competitive pressure from alternative blockchains. Altogether, deposits within the Ethereum ecosystem are more than four times greater than the combined totals of its two largest rivals, Solana and BNB Chain.

Critics argue that Ethereum was unprepared for the memecoin frenzy that defined the first quarter of 2025, especially as onchain activity on Solana spiked after the Official Trump (TRUMP) token launched in January. Still, while a few Solana DApps experienced strong momentum, the overall benefit for SOL holders remains uncertain.

For example, the top four Solana DApps—Meteora, Pump, Jito, and Axiom—generated $356.3 million in fees over the past 30 days. However, the Solana network itself collected only $48.5 million during the same period. This dynamic creates downward pressure on SOL’s price, as several of these projects regularly sell off treasury reserves.

Ethereum top protocols ranked by 30-day fees, USD. Source: DefiLlama

For comparison, the top four DApps on Ethereum generated $169 million in fees over the same 30-day period, while users paid $38.3 million in network processing fees. This suggests that Ethereum’s dependence on layer-2 scaling solutions may be more favorable for ETH investors compared to Solana’s uneven revenue distribution.

Ether investors are frustrated, but layer-2 growth stands out

To gauge whether traders turned bearish after Ether’s 9% price drop between May 29 and May 30, it’s useful to examine ETH futures markets.

Ether futures 2-month annualized premium. Source: laevitas.ch

Despite $159 million in liquidated bullish leveraged positions during the two-day decline, the ETH futures annualized premium remained near 6%. In neutral markets, a premium between 5% and 10% is considered standard, as sellers require compensation for delayed settlement.

Some Ether investors are also frustrated by Ethereum’s lack of distinct competitive advantages. The most recent network upgrade did not shift sentiment significantly. However, Ethereum’s layer-2 ecosystem is now processing over 15 times more transactions than the base layer.

30-day transaction count on Ethereum ecosystem. Source: L2Beat

Ultimately, investor sentiment remains anchored to broader macroeconomic trends. The likelihood of ETH breaking below the $2,400 level is closely tied to global recession risks and trade tensions. Ethereum’s TVL and transaction scalability help cushion the downside risk and reduce the chance that ETH will underperform the broader altcoin market.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.



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May 31, 2025 0 comments
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Pi Network sheds 15% in a week, technical indicators show price could drop further
Crypto Trends

Pi Network dips 15% as charts signal further downside

by admin May 30, 2025



Pi Network is trading at $0.6894 at the time of writing, marking a 6% daily loss and a 15% slide over the past 7 days.

After reaching a peak of almost $3 in February, Pi Coin (PI) has now dropped more than 75%  and is struggling to maintain any lasting momentum. May began on a promising note for Pi holders. The price surged almost 200% in a matter of days, reaching a local high of $1.67. 

But what followed was a steep and steady decline that erased most of those gains. As traders weigh in on their next move, PI is hovering just above a crucial support level and is trapped in a narrow weekly range between $0.688 and $0.816.

Trading volume has increased despite the decline, rising more than 42% in the past day to over $158 million, suggesting increased market activity. 

On-chain data, however, show an increase in exchange inflows, indicating that more tokens are being positioned for sale. Selling pressure is anticipated to continue as 263 million PI are scheduled to unlock in June, followed by 233 million in July and 132 million in August.

From a technical standpoint, the trend is decisively bearish. All of the major moving averages, such as the 10, 20, 50, and 100-day EMAs and SMAs, are above the price. After a spike in volatility in early May, the Bollinger Bands are tightening. PI is now trading near the lower band, indicating that selling pressure is still present.

Pi Coin price analysis. Credit: crypto.news

Momentum indicators support the bearish view. The moving average convergence divergence is still negative and below the signal line, suggesting that the downward trend might continue. Furthermore, the awesome oscillator, which gauges market momentum by looking at recent price movements, is in the red, indicating that the downside pressure is still present.

At 43.6, just below neutral territory, the relative strength index shows a weak level of bullish conviction. Meanwhile, the stochastic RSI sits near 2.77, deeply oversold, yet without any reversal signal, this alone does not justify a long position.

The average directional index is currently at 29.9, just below the crucial 30 level. The ADX shows the strength of the trend but not its direction. In this case, it suggests that although the downtrend is still quite strong, it might be nearing its end. 

A persistent breach above the $0.75–$0.78 range may cause sentiment to change. If not, $0.60 and $0.50 are the next significant support zones. The path of least resistance is still downward as more tokens come into circulation and the demand fails to keep up supply. 

Pi Network is attempting to create long-term value despite these short-term risks. The recently launched $100 million Pi Network Ventures fund is focused on projects with real-world applications in e-commerce, fintech, gaming, and artificial intelligence. However, until fundamentals translate into increased demand, the technicals remain weak.



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May 30, 2025 0 comments
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Pi Network Is Back! Mexc Lists Pi Coin With Trump-Backed Usd1
GameFi Guides

Pi Network is back! MEXC Lists Pi coin with Trump-Backed USD1

by admin May 27, 2025



MEXC, a cryptocurrency exchange, has announced that PI/USD1 and SOL/USD1 trading pairings would be available from today, May 27. This means that users may now trade Pi Coin directly against a new stable currency called USD1.

MEXC Lists Pi coin with Trump-Backed USD1, Source: X

This listing could help Pi gain credibility and wider adoption. It gives the Pi community access to regulated liquidity, meaning it’s easier to trade with real-world value. It also increases the chances that institutional investors and traditional finance players may take notice. To celebrate the listing, MEXC is offering zero trading fees for these new pairs until June 26.

World Liberty Financial, located in Miami, released USD1 as a stablecoin in April 2025. It is backed by actual assets such as US Treasuries and cash, ensuring that its value remains constant at $1. The coin is tied to the Trump family, as Trump-owned firms control 60% of the corporation and receive 75% of coin earnings. The corporation is purportedly run by Eric Trump and Donald Trump Jr.

Despite the news, Pi’s price has dropped 3% in the last 24 hours and is currently around $0.74. It recently reached a high of $1.57 earlier this month but is now moving sideways. Experts believe Pi will face tough resistance at the $1 level soon.

Also Read: Pi Network Adds New Mainnet Apps and Account Recovery Option



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May 27, 2025 0 comments
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A child poses with a toy lightsabre.
Product Reviews

The CIA operated a network of gaming sites and even a Star Wars fanpage that were part of one of its worst-ever intelligence catastrophes

by admin May 27, 2025



Head to the URL starwarsweb.net and you may be somewhat surprised to find yourself on the Central Intelligence Agency (CIA) homepage. But check it out on the Wayback Machine in December 2010, which is when it first appeared, and you’ll find what looks to be a fairly standard Star Wars fanpage.

There’s a kid with a lightsaber at the top, the tagline “beyond the unknown” as well as “May the Force be with you”, links to various other Star Wars resources, and for some reason Master Yoda is recommending Star Wars Battlefront 2, Star Wars: The Force Unleashed 2, Lego Star Wars 2, and Star Wars the Clone Wars: Republic Heroes. “Like these games, you will” runs the text alongside.

This site, unearthed by security researcher Ciro Santilli and first reported on by 404Media’s Joseph Cox, is one of hundreds created by the CIA from around 2010, and part of a network that was used to covertly communicate with CIA assets abroad. These sites were first discovered by the Iranian authorities, and may be linked to the killing of various CIA sources in China over the period 2010-2012.


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Santilli’s research throws up much more than starwarsweb.net. The majority of the sites Santilli has identified as being in this network seem to be news sites, with a smattering focused on areas like sports, music and gaming. Among the gaming urls involved are havenofgamerz.com, hitpointgaming.com, activegaminginfo.com, myonlinegamesource.com, and kings-game.net.

To take the first example, havenofgamerz.com can again be viewed on the Wayback Machine. Promising “the latest game reviews, previews and videos”, it claims “nobody knows games and gamers like the Haven of Gamerz”, features a sidebar of (legitimate) gaming outlets, and a few categories for reviews, trailers and previews. It’s not going to be giving IGN any sleepless nights but, at a glance, does look like a generic gaming site.

Santilli says that the languages used across these sites suggest they were targeting users in Germany, France, Spain, and Brazil.

“It reveals a much larger number of websites,” says Santilli. “It gives a broader understanding of the CIA’s interests at the time, including more specific democracies which may have been targeted which were not previously mentioned and also a statistical understanding of how much importance they were giving to different zones at the time, and unsurprisingly, the Middle East comes on top.”

Keep up to date with the most important stories and the best deals, as picked by the PC Gamer team.

How I found a Star Wars website made by the CIA – YouTube

Watch On

The role of the websites was first brought to prominence by a Yahoo News report in November 2018, which detailed the “catastrophic” compromise of the CIA’s internet communications network. A quote from that article:

“According to the former intelligence official, once the Iranian double agent showed Iranian intelligence the website used to communicate with his or her CIA handlers, they began to scour the internet for websites with similar digital signifiers or components—eventually hitting on the right string of advanced search terms to locate other secret CIA websites. From there, Iranian intelligence tracked who was visiting these sites, and from where, and began to unravel the wider CIA network.”

This was what would ultimately lead to the deaths of CIA sources, primarily in China in 2011 and 2012. This investigation was followed-up by a Reuters report in 2022, America’s Throwaway Spies, which went into further detail on how individual CIA agents were exposed by the Iranians, and included the incredible revelation that the IP addresses for the CIA’s sites were sequential, meaning that once one was identified it was easy to find others that likely belonged to the same network.

Reuters identified two of the sites and described seven more examples, which was the starting point for Santilli’s research. Using data like the IP addresses and domains, Santilli has identified several hundred domains that he believes were part of the CIA’s network.

(Image credit: Westend61)

“We’re now about 15 years past when these websites were being actively used, yet new information continues to drip out year after year,” cybersecurity researcher Zach Edwards told 404 Media. “The simplest way to put it—yes, the CIA absolutely had a Star Wars fan website with a secretly embedded communication system—and while I can’t account for everything included in the research from [Santilli], his findings seem very sound

“This whole episode is a reminder that developers make mistakes, and sometimes it takes years for someone to find those mistakes. But this is also not just your average ‘developer mistake’ type of scenario.”

Santilli says it’s good “to have more content for people to look at, much like a museum. It’s just cool to be able to go to the Wayback Machine and be able to see a relic spy gadget ‘live’ in all its glory.”

Gamers do love a good conspiracy theory, but there appears little doubt that back in 2010 the CIA was operating and maintaining a network that included many gaming and nerd culture sites. It’s undeniably weird to think about a cartoon Yoda being used in espionage, or some CIA spook using a front to say they “know games and gamers”, and even more unsettling that these were some small part of an intelligence failure that undoubtedly led to dozens of deaths.



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May 27, 2025 0 comments
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Pi Network, Cetus, Optimism: Cryptocurrencies to watch
NFT Gaming

Pi Network, Cetus, Optimism: Cryptocurrencies to watch

by admin May 25, 2025



As broader crypto markets struggle to regain momentum, a handful of digital assets stand out amid the turbulence.

Bitcoin (BTC), which surged to a record high of nearly $112,000 last week, dropped to $107,000, while the market cap of all coins tracked by CoinGecko dropped to $3.49 trillion. 

Pi Network (PI), Cetus Protocol (CET), and Optimism (OP) have emerged as top tokens to watch, showing relative resilience despite mounting trade-related risks weighing on investor sentiment.

While most major cryptocurrencies face headwinds from weakening momentum and macroeconomic uncertainty, these three projects are drawing our attention.

Pi Network 

Pi Network price will be in the spotlight this week as over 70 million more tokens worth $53 million are set to be unlocked. Most unlocks will happen on May 28, when 15.2 million coins will come online.

Pi Network, founded in 2019 by Nicolas Kokkalis and Chengdiao Fan, unlocks new tokens daily. Some 261 million coins set to be released in June and 1.57 billion in the next 12 months. Unlocks lower the price by increasing the number in circulation, especially when there is no demand.

The Pi coin price has been under pressure in the past few weeks, falling from a monthly high of $1.6692 to $0.7766. This crash accelerated after the developers launched Pi Network Ventures, which will invest $100 million in startups using the Pi coin. 

While an ecosystem fund is a positive move, the coin dropped because the announcement did not include a plan to get more tier-1 exchange listings. The developers did not address the centralization issues and the increased supply through token unlocks.

Pi Network has formed a bearish flag pattern on the eight-hour chart, pointing to more downside, potentially to this month’s low of $0.5545.

Pi Network price chart | Source: crypto.news

Cetus Protocol

Cetus, the biggest decentralized exchange on Sui (SUI), made headlines last week when hackers drained tokens worth millions of dollars. The protocol managed to freeze $162 million worth of funds before the hackers moved them completely.

In a statement, Cetus hoped for a successful community vote to unlock the frozen $162 million worth of funds. Sui said that it was designing the on-chain vote, which will likely happen this week.

Thank you to the Cetus team for sharing your Q&A. We appreciate your dedication and commitment to quickly resolving this matter.
In support, we are working on the design of the upcoming onchain community vote and will share further details with the Sui community soon. https://t.co/1IiyIYq5XI

— Sui (@SuiNetwork) May 25, 2025

Cetus is also aiming to reach a whitehat settlement with the hackers. It has also offered a $5 million bounty to help identify the hackers and take legal action. 

CET, its native token, has been in a freefall, moving from a high of $0.2568 on May 22 to $0.1300, its lowest level since April 23.

CET price chart | Source: TradingView

Optimism

Optimism, a top layer-2 network, will be in the spotlight this week as it unlocks $23.4 million coins, accounting for 1.88% of the float. These unlocks are part of the regular monthly releases.

OP token has dropped from a high of $2.7715 in November last year to $0.7320 today. It has remained below the 50-day and 100-day moving averages. It also formed an ascending broadening wedge, a popular bearish reversal pattern. 

OP price chart | Source: crypto.news

Maverick Protocol, dYdX, Celo, and Velas Finance are some of the other cryptocurrencies with large token unlocks this week.





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May 25, 2025 0 comments
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Microsoft and DOJ dismantle Lumma Stealer malware network in global takedown
Gaming Gear

Microsoft and DOJ dismantle Lumma Stealer malware network in global takedown

by admin May 22, 2025



Microsoft, in partnership with the U.S. Department of Justice (DOJ), took a major step in dismantling one of the most prolific cybercrime tools currently in circulation. Microsoft’s Digital Crimes Unit (DCU) collaborated with the DOJ, Europol, and several global cybersecurity firms to disrupt the Lumma Stealer malware network — a malware-as-a-service (MaaS) platform implicated in hundreds of thousands of digital breaches worldwide.

According to Microsoft, Lumma Stealer infected over 394,000 Windows machines between March and mid-May 2025. The malware has been a favored tool amongst cybercriminals for stealing login credentials and sensitive financial information including cryptocurrency wallets. It’s been used for extortion campaigns against schools, hospitals, and infrastructure providers. According to the DOJ website, “the FBI has identified at least 1.7 million instances where LummaC2 was used to steal this type of information.”

With a court order from the U.S. District Court for the Northern Districts of Georgia, Microsoft took down roughly 2,300 malicious domains associated with Lumma’s infrastructure. The DOJ simultaneously took down five critical LummaC2 domains, which acted as command-and-control centers for cybercriminals deploying the malware. These domains now redirect to a government seizure notice.

International assistance came from Europol’s European Cybercrime Centre (EC3) and Japan’s JC3, who coordinated efforts to block regional servers. Cybersecurity firms like Bitsight, Cloudflare, ESET, Lumen, CleanDNS, and GMO Registry assisted in identifying and dismantling web infrastructure.

Inside the Lumma operation

Lumma, also known as LummaC2, has been operating since 2022, possibly earlier, and makes its info-stealing malware available for sale through encrypted forums and Telegram channels. The malware is designed for ease of use and is often bundled with obfuscation tools to help it bypass antivirus software. Distribution techniques include spear-phishing emails, spoofed brand websites, and malicious online ads known as “malvertising.”

Cybersecurity researchers say Lumma is particularly dangerous because it allows criminals to rapidly scale attacks. Buyers can customize payloads, track stolen data, and even get customer support via a dedicated user panel. Microsoft Threat Intelligence previously linked Lumma to notorious Octo Tempest gang, also known as “Scattered Spider.”

In one phishing campaign earlier this year, hackers were able to spoof Booking.com and used Lumma to harvest financial credentials from unsuspecting victims.

Who’s behind it?

Authorities believe the developer of Lumma goes by the alias “Shamel” and operates out of Russia. In a 2023 interview, Shamel claimed to have 400 active clients and even bragged about branding Lumma with a dove logo and the slogan: “Making money with us is just as easy.”

Long-term disruption, not a knockout

Image used with permission by copyright holder

While the takedown is significant, experts warn that Lumma and tools like it are rarely eradicated for good. Still, Microsoft and the DOJ say these actions severely hinder and disrupt criminal operations by cutting off their infrastructure and revenue streams. Microsoft will use the seized domains as sinkholes to gather intelligence and further protect victims.

This situation highlights the need for international cooperation in cybercrime enforcement. DOJ officials emphasized the value of public-private partnerships, while the FBI noted that court-authorized disruptions remain a critical tool in the government’s cybersecurity playbook.

As Microsoft’s DCU continues its work, this Lumma crackdown sets a strong precedent for what can be accomplished when industry and government specialists collaborate to eliminate threats.

As more of these organizations are uncovered and disrupted, remember to protect yourself by changing your passwords frequently and avoid clicking links from unknown senders.






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May 22, 2025 0 comments
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Ethereum
NFT Gaming

Ethereum’s Latest Key Upgrade Fails To Ignite Network Activity, Is Adoption Sinking?

by admin May 21, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ethereum‘s ongoing bullish action hasn’t fully faded yet as the general crypto market builds momentum. While Ethereum’s price has displayed a brief surge, the network continues to show weakness in user engagement, even with recent key updates meant to boost the network’s performance and appeal.

On-Chain Engagement With Ethereum Lagging

A leading on-chain data analytics platform, Glassnode, shared a recent worrying report about the Ethereum network. ETH’s price may have displayed signs of resilience in the midst of ongoing market fluctuations, but the network activity tells a different story.

Glassnode has revealed a persistent, weakened performance in ETH’s on-chain activity, raising concerns about whether its core ecosystem is losing momentum. This consistent lack of network activity occurs despite ongoing positive narratives and upgrades.

According to the on-chain platform, the latest key updates, like the Pectra upgrade, have been unable to ignite activity on the network. “Ethereum’s Pectra upgrade hasn’t translated into a spike in network engagement just yet,” the platform stated.

ETH’s network activity lagging | Source: Glassnode on X

It is worth noting that the Pectra Upgrade was officially launched in early May, with the purpose of bolstering ETH’s network’s scalability and efficiency. The upgrade consists of two synchronized updates: The Prague execution layer hard fork and the Electra consensus layer upgrade.

Glassnode stated that user attrition has decreased, and the Pectra Upgrade still has not increased the number of new or returning users after analyzing the ETH Month-over-Month activity Retention metric. Data from the on-chain platform shows that the average count of new and revived addresses has decreased since the upgrade compared to year-to-date (YTD) values.

ETH’s average new addresses have decreased by about 1.8%, whereas resurrected addresses have declined by 8.4% during this period. Additionally, user churn has witnessed an approximately 8.5% drop in the same time frame. Thus far, Glassnode noted that it remains to be seen whether this is a result of the network upgrades or more general cycle trends.

A Breakout After A Short-Term Correction

Even though network activity has weakened, it does not fully hinder ETH’s price from experiencing a rally. On-chain expert and author ShayanMarkets has predicted an impending breakout to the upside as the Ethereum market overheats near the $2,500 mark. However, a short-term correction is likely to take place before the breakout.

Using a bubble chart that illustrates the total trading volume across all crypto exchanges, the expert highlighted that an overheating scenario, marked by a notable spike in trading volume, has resulted from ETH’s approach to the $2,500 resistance level, now acting as a support level.

This spike is mainly triggered by profit-taking and the available resting supply at this key zone. Furthermore, the overheated situation suggests a probable short-term drop as the market cools and makes room for fresh accumulation. While the altcoin has surpassed $2,500, Shayan’s analysis noted that this move is probably driven by fresh demand.

ETH trading at $2,549 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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May 21, 2025 0 comments
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All XRP Ledger Network Metrics Record Growth: Report
NFT Gaming

All XRP Ledger Network Metrics Record Growth: Report

by admin May 21, 2025


In its recent report, all XRPL metrics have gone up for two quarters in a row. This is the first time that this has happened since early 2023. 

Active XRP Ledger (XRPL) addresses have experienced a 142% quarter-over-quarter increase.    

There has also been a 12% increase in total new addresses. 

On top of that, the XRP Ledger’s average daily transactions are up by 13%. 

Payment transactions have surged by an impressive 36% on a quarter-over-quarter basis. 

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Notably, receiver addresses surpassed active sender addresses for the fourth quarter in a row. 

Messari has noted that the XRP Ledger is “primed” for further growth in the second quarter. 

As reported by U.Today, the XRP Ledger Ethereum Virtual Machine (EVM) went live in late March. It is now on track to be launched on the mainnet in the second quarter of the year. This would be a boon for the XRP since it opens the door to Ethereum-native applications in such areas as decentralized finance (DeFi) and non-fungible tokens (NFTs).     

The Messari report has also highlighted some other notable technical developments, such as the potential introduction of native smart contracts with the help of Extensions, a modular feature that would make it possible to attach code to existing primitives.   

On top of that, the report mentions the Ripple USD (RLUSD) token has now achieved a market cap of $44 million on the XRP Ledger (but this is only a fraction of its total market cap, which now exceeds $300 million). 

Ripple’s Jack McDonald has stressed that ramping up RLUSD on the XRPL remains a “priority” for the company. 



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May 21, 2025 0 comments
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Pi Network
GameFi Guides

Pi Network Faces Obstacles As Price Wobbles Below $1, What’s Happening?

by admin May 20, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Pi Network has seen its price struggle since its launch after an initial rally pushed the price to $2.98. Its launch in February 2025 was highly anticipated and triggered its lift-off as believers who had been with the project for five years were finally rewarded. However, with the passage of time, the coin has also succumbed to the pressures from the bears and has now fallen by more than 75% from its all-time high. So, in this report, we take a look at the Pi Network price and the reasons behind the consistent decline.

Pi Network Runs Into Post-Launch Troubles

It’s been three months since the Pi Network main net launch and the project has already been faced by problems. The first problems that arose after launch was the locked coins and lots of miners being unable to claim their coins due to KYC issues. Nevertheless, the coin continued to maintain the trust of its users.

With months already gone, the lack of listing on Tier 1 crypto exchanges such as Binance and Coinbase has raised concerns among investors. Given that the altcoin is now a top 30 cryptocurrency with a market cap of over $5 billion, it makes it one of the only few coins in this category with no Tier 1 listing.

As a result of this, community members have speculated that the team’s actions could be the reasons behind the lack of listing. This is because top exchanges usually require transparency before listing tokens due to their large audience and there are rumors that the Pi Network team have been less than forthcoming about their token.

Another issue that has risen up is the lack of decentralized finance (DeFi) usage on the platform. No DeFi apps have been deployed, thus leaving the Pi Network  price at the mercy of crypto market forces, with no real activity to create demand and push it higher.

Pi Network community members have also called for transparency on the $100 million Pi Network Ventures fund that was announced to promote innovative startups. So far, there have not been any developments that would show growth to the community.

Price Runs Into Troubles

With no network activity driving the Pi Network price, it has fluctuated with the crypto market. During the weekend, the altcoin saw an over 50% surge above $1.2. But this rally was short-lived as the price has since retraced and crashed back down below $1.

This struggle below $1 mirrors the lack of strong support as the community is still doubting the future of the token and are questioning whether the Pi Network team will deliver on its promises. If these promises do end up being a reality, it is likely that the Pi Network price does reverse and test for new highs this bull cycle.

Price wobbles with lack of support | Source: PIUSDT on TradingView.com

Featured image from Dall.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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May 20, 2025 0 comments
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