Avalanche Card Unveiled: Will It Spark Bullish Momentum for AVAX?

Monicah W

AVAX Price Surge

The post Avalanche Card Unveiled: Will It Spark Bullish Momentum for AVAX? appeared first on Coinpedia Fintech News

  • The Avalanche ecosystem has grown significantly in the past year backed by institutional investors seeking to tokenize RWAs.
  • AVAX price has already broken out of a multi-week correction phase, amid rising crypto bullish momentum.

After months of meticulous research and development, the Avalanche Foundation, in close collaboration with Rain, a Visa-powered crypto-backed payment card, launched the Avalanche Card on Monday, April 21, during the mid-North American trading session.

The Avalanche Card allows holders to access their crypto assets – initially including AVAX, USDC, and USDT – seamlessly around the world either online or in-store. The Avalanche Card is linked directly to a user’s self-custody wallet and will offer no conversion fees.

Avalanche‘s Explosive Growth 

The Avalanche network has grown to a vibrant web3 ecosystem, with more than $1.23 billion in total value locked and over $1.7 billion in stablecoins market cap. In the past two years, the Avalanche network has attracted significant attention from institutional investors seeking to tokenize real-world assets. 

For instance, BlackRock and Securitize launched the BUIDL fund on Avalanche Network and tokenized over $500 million. Citibank has in the past been exploring different blockchain use cases on the Avalanche network including tokenization of RWAs.

AVAX Price Analysis

Since the beginning of 2025, AVAX price has been trapped in a correction mode, catalyzed by macroeconomic factors and low demand for altcoins. However, the large-cap altcoin, with a fully diluted valuation of about $14.3 billion and a 24-hour average trading volume of around $343 million, has potentially reached its correction bottom and is ready for market reversal.

In the daily timeframe, AVAX price has already broken out of a falling logarithmic trend established YTD. Most importantly, AVAX price has already rebounded from a crucial support level of around $16, which resulted in a double bottom coupled with a bullish divergence of the daily Relative Strength Index (RSI).

In case of further crypto bullish sentiment, AVAX price is well positioned to rally at least 106 in the near term to trade above $40.

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Pi Network Community Is Developing PiDaoSwap to Stop Price Manipulation

The Pi Network community is taking a significant step toward financial independence, developing its decentralized exchange (DEX), PiDaoSwap.

According to social media reports, the initiative will aim to curb alleged price manipulation by external exchanges.

PiDaoSwap to Launch on the Pi Network Ecosystem

Reportedly, PiDaoSwap is in the final stages of launching a multi-functional DEX on the Pi Network mainnet. The platform will ensure that the PI coin price reflects the actual market value of the token rather than being distorted by third-party platforms.

The announcement cited price manipulation by outside entities, a malpractice that impedes Pi Network’s growth and development.

“Once completed, the Pi price will be reflected at its true value and will no longer be manipulated by current external exchanges,” Pi Network VietNames claimed.

Pi Network VietNames is a community-driven profile that shares updates, opinions, and news about Pi Network.

Although in the final stages of development, PiDaoSwap specified that it was awaiting Know Your Business (KYB) approval from the Pi core team before launching.

For now, the prospective platform has secured Twitter’s organizational verification, signaling progress in its development.

Meanwhile, Pi Network’s imminent PiDaoSwap launch comes amid escalating frustrations within the PI community. Certain platforms reportedly use bots to alter Pi’s valuation artificially, affecting community sentiment.

Similarly, there are also allegations of fake price listings by external exchanges.

A recent BeInCrypto report echoes this sentiment amid allegations of bot activity on CoinMarketCap. This fueled skepticism about centralized price tracking mechanisms on the platform.

According to Pi Network VietNames, these manipulations have severely impacted the project’s credibility and adoption.

Meanwhile, Binance remains evasive when listing Pi coins. Despite community support, Pi Coin’s Binance listing decision remains unresolved, leading to frustration among fans.

pi network price
PI Weekly Price Chart. Source: BeInCrypto

Restrictions on Using Pi-Related Branding

Meanwhile, other concerns emerge regarding restrictions on using “Pi-related” branding. These are related to the intellectual property (IP) and trademark policies outlined by the Pi Network.

“As a community-driven ecosystem project under PIDao, with DAO as our core focus, would this still be prohibited? Or do we need to modify our project name and domain accordingly,” PiDaoSwap wrote.

Pi Network’s official documentation prohibits using “Pi-related” branding without approval. Therefore, this suggests modifications could be necessary before the prospected PiDaoSwap debuts.

Meanwhile, PI fell below $1 on Saturday, down by over 30% in the past week.

The post Pi Network Community Is Developing PiDaoSwap to Stop Price Manipulation appeared first on BeInCrypto.

Kaspersky Exposes Hackers Blackmailing YouTubers to Spread Crypto Malware

Cybersecurity firm Kaspersky revealed a YouTube crypto malware blackmail where attackers leverage the platform’s copyright strike system to coerce influencers into adding malicious links to their video descriptions.

These actions directed unsuspecting viewers to malware-infected downloads as YouTube content creators gave in to the blackmail.

Kaspersky Reveals SilentCryptoMiner

Kaspersky’s report reveals that hackers exploit the trust that YouTube influencers have built with their audiences, making this campaign particularly dangerous. It cites a malware campaign where cybercriminals distribute malware disguised as tools for bypassing digital restrictions.

Specifically, the hackers exploit copyright complaints, threatening and blackmailing YouTube content creators into promoting SilentCryptoMiner. SilentCryptoMiner is a sophisticated crypto-mining Trojan based on the popular open-source mining software XMRig.

According to the report, the malware mines cryptocurrencies such as Ethereum (ETH), Ethereum Classic (ETC), Monero (XMR), and Ravencoin (RVN). It also uses the Bitcoin blockchain to maintain control over botnets.

Over the past six months, Kaspersky has detected more than 2.4 million Windows Packet Divert driver instances. Reportedly, cybercriminals leverage these to manipulate network traffic. They present many tools as legitimate software solutions but contain hidden malicious payloads.

Dynamics of Windows Packet Divert detections
Dynamics of Windows Packet Divert detections. Source: Kaspersky

Once installed, the malware persists on a victim’s system, bypassing security measures and modifying critical system files.

In the report, Kaspersky highlights a case in which a YouTuber with 60,000 subscribers unknowingly helped distribute the malware. The creator initially posted videos demonstrating how to bypass certain online restrictions and included a link to a supposed restriction bypass tool.

However, the file was infected with SilentCryptoMiner. Later, they edited the infected video description to remove the link, replacing it with a warning stating that the program “does not work.”

“Next, the attackers threatened the content creators under the pretext of copyright infringement, demanding that they post videos with malicious links or risk shutdown of their YouTube channels. This way, the scammers were able to manipulate the reputation of popular YouTubers to force them to post links to infected files,” read an excerpt in the report.

Use of Copyright Strikes to Coerce YouTubers

In a more insidious move, hackers have also filed false copyright claims against YouTubers who refuse to cooperate. By threatening content creators with channel takedowns, cybercriminals have forced them into distributing the malware.

Cybersecurity experts warn that YouTube and other social media platforms may not be the only targets of such blackmail schemes. Bad actors could soon deploy similar tactics on Telegram and other messaging platforms where influencers engage with their communities.

Therefore, users should remain cautious when downloading software from unverified sources. What appear to be seemingly helpful tools can serve as a gateway for malicious activities. Meanwhile, this discovery comes just a month after Kaspersky exposed another major cybersecurity threat.

“Our experts have discovered a new data-stealing Trojan, SparkCat, active in the App Store and Google Play since at least March 2024. SparkCat leverages machine learning to scan image galleries, stealing cryptocurrency wallet recovery phrases, passwords, and other sensitive data hidden in screenshots,” the firm claimed.

This highlights the growing risks that cryptocurrency investors face. As YouTube influencers become prime targets for cybercriminals, blockchain intelligence platform Arkham has begun tracking their portfolios.

The new feature, dubbed “Key Opinion Leader (KOL) Label,” tracks the wallets of influencers with over 100,000 followers on X. This means investors can monitor whether influencers genuinely back the tokens they promote or if their endorsements are merely paid advertising. This highlights how influencers’ role extends beyond social media.

The post Kaspersky Exposes Hackers Blackmailing YouTubers to Spread Crypto Malware appeared first on BeInCrypto.

Why Pi Network Price Should Hit $10, Or It’s Over for Pi Coin

Why Pi Network Price Should Hit $10, Or Its Over for Pi Coin

After a steep fall to $0.40 earlier this week, the Pi Network price bounced back to $0.60 levels, with its market cap above $4.1 billion. However, on-chain data shows that investors’ interest in the Pi Coin is waning quickly, with daily trading volumes dropping another 44% to $158 million. Analysts point out that the increasing supply of PI tokens at the exchanges can further dampen the upside and could put the ecosystem growth in the shadows.

Why Is Pi Network Investor Sentiment Down

Pi Network community member Edycabas recently shared his take on the collapse of transaction activity on the blockchain. He noted that the Pi blockchain is underwhelming, reportedly processing less than one transaction per second, despite years of promotion suggesting thousands of transactions per block during its Open Mainnet phase.

Source: Edycabas

Responding to this, another community member, Dr Altcoin, noted that the blockchain itself remains operationally robust, boasting a 99.5% transaction success rate and averaging 20 transactions per block. “The real issue lies in transparency concerns surrounding the co-founders, which continue to deter major investors and centralized exchanges (CEXs),” he said.

Besides, Dr Altcoin also shared aspirations for the Pi Network price to reach a minimum token value of $10, which, as per the analyst, would significantly boost engagement with decentralized applications (DApps) and broader adoption. Dr Altcoin has also previously suggested for Pi token burns to boost the Pi Coin price higher.

Pi Coin Core Team Lacks Transparency

Dr. Altcoin has also questioned the Pi Network co-founders’ reluctance to engage publicly, urging them to address the community and investors. “Why do the co-founders avoid interviews?” Dr. Altcoin asked, adding that the “Pi Community has kept this project alive for years, and it deserves greater recognition”.

Dr. Altcoin stressed that co-founders Nicolas Kokkalis and Chengdiao Fan must step up to showcase the project’s potential to prevent the token from declining further, warning of a possible Pi Coin price dip below $0.30 in the coming week.

Crypto analyst Dr. Altcoin has issued a statement predicting significant activity on centralized exchanges (CEXs) as unlocked Pi tokens flood the market. Starting next week, an average of 134 million Pi tokens will reportedly enter circulation monthly.

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