After hitting a record low earlier this month, Pi has been trading between $0.60 and $0.65. While price volatility has settled, there’s still no sign of a strong recovery.
Adding to the frustration, crypto payment platform Banxa has reportedly paused Pi transactions, likely due to pending Know Your Business (KYB) approval. Banxa previously purchased millions of Pi at low prices and may return once approval is granted and Pi’s price improves.
Meanwhile, it’s been over two months since Pi Network won Binance’s community vote by a wide margin, yet the token remains unlisted. Hope sparked again on April 25, when Binance released new listing guidelines, prompting fresh speculation.
Binance’s new evaluation framework stresses strong fundamentals, adoption metrics, tokenomics, team credibility, and compliance. For projects like Pi, which already have a circulating token, special attention is given to trading volume, liquidity, and market performance.
However, major challenges remain. Pi is not yet operating on any of the four blockchains currently supported by Binance (BNB Chain, Solana, Base, and Ethereum). Without integration into a supported chain or a clear timeline for expansion, Pi’s path to a Binance listing remains uncertain.
Pi Coin Price Prediction?
Pi is currently trading in a tight range, with price compressing inside a wedge pattern. Key resistance is at $0.65, and a confirmed breakout above $0.65—especially with strong volume—could spark a sharp rally. However, if the price fails to break above this level, it may fall back to test support around $0.60.
Crypto analyst Dr Altcoin said, “Pi is doing well! I am fairly confident that the price pumping of Pi might start during the Consensus Summit (May 14–16, 2025) rather than at the end of August when Pi unlocking significantly reduces.”
The U.S. just stumbled on what could have been a breakthrough moment for crypto but somehow, fumbled it. Yes, you read that right.
The Senate’s decision to block the GENIUS Act stalled stablecoin regulation and also set off a firestorm. From the Treasury Secretary to top crypto voices, the backlash was immediate and loud.
What was shaping up to be a rare bipartisan win has now turned into a mess of political finger-pointing. Here’s what it has boiled down to: accusations of corruption, crypto power plays, and a fight over who really controls the future of digital assets in America.
Is politics to blame for it all? Let’s understand.
Is the Senate Playing Dirty Politics?
The GENIUS Act, short for Guiding and Establishing National Innovation for US Stablecoins Act, had cleared early hurdles with bipartisan support. It aimed to create a clear federal framework for stablecoins and was seen as a meaningful step forward for crypto innovation in the U.S.
But that changed on May 8, when the bill failed to reach closure in the Senate.
Senate Banking Committee Chairman Tim Scott didn’t hold back. He blamed Democrats for backing away at the last moment, claiming they prioritized political optics over progress.
“Instead, we witnessed a disappointing display of political gamesmanship that puts partisan politics above policy, and obstruction above innovation,“ Scott said.
He argued the real motive was to deny President Trump a win in the digital asset space.
“It was a vote against President Trump and President Trump’s legislative agenda. It was a vote to stop President Trump from having a victory in the digital asset space.“
Treasury Sounds the Alarm
Not long after the vote, Treasury Secretary Scott Bessent joined the criticism. He warned that the Senate’s move sends the wrong message globally at a time when digital assets are racing ahead.
“For stablecoins and other digital assets to thrive globally, the world needs American leadership,” Bessent posted on X. “The Senate missed an opportunity to provide that leadership today by failing to advance the GENIUS Act.”
Meanwhile, the Anti-Crypto Front Gets Louder
While one camp pushes for stablecoin clarity, another is busy building walls.
Democrats recently introduced the Modern Emoluments and Malfeasance Enforcement (MEME) Act, aimed at preventing federal officials from profiting off memecoins. And earlier this week, Senators Jeff Merkley and Chuck Schumer dropped the End Crypto Corruption Act.
That bill seeks to ban the president, vice president, Congress members, senior officials, and their families from benefiting financially from crypto assets – including stablecoins and memecoins.
Senator Elizabeth Warren echoed the concern in a comment to CBS News, arguing that Democrats on both sides of the GENIUS vote “agree that green-lighting Donald Trump’s corrupt stablecoin deals is wrong.”
Crypto voices outside Washington also spoke up. Galaxy Digital CEO Mike Novogratz called on the Senate to get back to the table.
I really hope the Senate goes back to work this weekend. It is imperative for the US to get a stable coin bill done. This should NOT be partisan. https://t.co/ncj7Ki49BD
Without clear rules, stablecoin innovation remains stuck with no answers.
Developers face uncertainty, major players stay cautious, and the U.S. risks losing its edge to more agile jurisdictions. The GENIUS Act may be down for now, but the bigger question remains: can the U.S. afford to keep stalling while the rest of the world moves forward?
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The post “It Was a Vote Against Trump”: Tim Scott Blames Democrats for Stablecoin GENIUS Act Failure appeared first on Coinpedia Fintech News
The U.S. just stumbled on what could have been a breakthrough moment for crypto but somehow, fumbled it. Yes, you read that right. The Senate’s decision to block the GENIUS Act stalled stablecoin regulation and also set off a firestorm. From the Treasury Secretary to top crypto voices, the backlash was immediate and loud. What …
Bitcoin price continues to struggle under the $90,000 mark on Tuesday April 22, as into crypto in response to Trump’s onslaught on the US Fed Chair unsettling global financial markets. In an exclusive interview, AMLBot CEO Slava Demchuk hints how compliance standards and blockchain analytics tools could improve global investor confidence and accelerate sovereign adoption of cryptocurrencies.
Crypto Hacks Hampering $5 Trillion Market Cap Growth Target
The cryptocurrency market is targeting a $5 trillion valuation in its next bull cycle but faces a growing spate of security breaches.
According to CertiK’s Q1 2025 Hacked report, total losses from 197 crypto crime incidents reached approximately $1.67 billion—more than three times the losses recorded in the previous quarter.
Cryptocurrency Market Cap hits $2.83 trillion as of April 22, 2025 | Source: Coingecko
One of the largest incidents involved centralized exchange Bybit, which suffered a $1.45 billion exploit. CertiK reports that attackers are increasingly relying on sophisticated methods, including social engineering, AI-generated scams, and smart contract manipulation, to evade detection.
With institutional interest expanding and sovereign entities exploring digital assets, experts say unchecked security risks could slow growth and undermine confidence in the asset class.
Compliance Expert Provides Risk Mitigation Impact
Speaking to the risk spate of crypto exploits, Demchuk emphasized that blockchain compliance tools themselves can become targets if not properly secured. “Tools designed to enhance transparency and detect risk can, if misused, enable phishing and obfuscation of illicit activity,” he said.
Crypto Crimes Q1 2025 By Risk Factor | Source: Certik
According to the Certik chart above, Phishing, Code vulnerability and Private Key compromise are the most successful hack methods, each occurring 81, 68 and 15 times respectively. Combined, the three factors were responsible for just $206 million or 8% of the total losses.
Meanwhile, High-profile hot wallet compromise, occurring 3 times, including the Bybit hack, resulted in $1.45 billion losses, which accounts for more than 80% of total heisted funds.
“Our mission has always been to democratize access to compliance tools and promote crypto hygiene across the digital asset ecosystem. In our view, compliance platforms must ensure accessibility for good actors without opening the door to malicious use.
That’s why we implemented firm access controls and continue working with law enforcement globally to track stolen assets, dismantle fraud networks, and assist victims.”
AMLBot has responded by implementing a series of safeguards: business-only onboarding tiers, real-time threat modeling, and segmented dashboards that limit access to sensitive data for retail users.
This approach differs from competitors such as Scorechain and BitOK, which Demchuk says lack rigorous identity verification requirements.
Demchuk said these controls are designed to prevent misuse of compliance infrastructure and reflect the need for tools that evolve alongside the threats they are meant to address.
Compliance as Catalyst to Prevent Crypto Crimes
AMLBot’s systems have reportedly prevented more than $100 million in potential losses since 2019. The platform screens wallets for links to criminal activity and uses machine learning to detect patterns associated with common fraud schemes, including pig butchering scams.
Demchuk cited the company’s recent cooperation with Thai authorities as an example of how public-private collaboration can strengthen crypto security.
He advocates for basic global compliance measures—such as KYC verification and politically exposed person (PEP) screening—even in jurisdictions without formal regulatory oversight. These tools, he argues, could reduce the scale of losses like those seen in the first quarter.
Compliance as Catalyst for Institutional Confidence
In addition to preventing fraud, compliance is viewed as a key factor in attracting institutional capital. The EU’s Markets in Crypto-Assets (MiCA) framework has raised the regulatory bar for crypto firms operating in the bloc.
Demchuk believes compliance tools and standardised practices can help cryptocurrency protocols and firms enhance due diligence processes.
As sovereign entities consider holding Bitcoin reserves and more institutional products come to market, Demchuk said the next phase of growth will depend on how well firms integrate compliance into their operations. Without it, he warned, the sector may struggle to maintain long-term credibility.
Conclusion
Bitcoin’s rise above $90,000 on Tuesday signals strong investor appetite amid macroeconomic uncertainty in the US markets.
But as the cryptocurrency industry grapples with security risks the $1.7 billion in stolen crypto during the first quarter of 2025, represents a 330% increase from Q4 2024 figures, beaming critical spotlight on global compliance infrastructure.
AMLBot CEO Slava Demchuk says a combination of analytics, repsonsible use of compliance tools, and proactive risk controls will be necessary to reduce incidence of crypto crimes and attract institutional capital.
Without such measures, the industry’s $5 trillion market cap goal may remain out of reach.
XRP is holding steady around $2.19, showing resilience despite a minor 0.3% weekly dip. This stability might be the calm before a major price surge. On lower timeframes, XRP continues to form bullish price structures with higher highs and higher lows, keeping traders on alert. While a decisive breakout hasn’t occurred yet, several key signals suggest growing upside momentum.
Technical Levels to Watch
Crypto analyst Fabio Zuccara has identified a symmetrical triangle pattern on the XRP chart—often a precursor to sharp price moves. The token currently trades just above its 20-day Simple Moving Average (SMA) at $2.167, while facing resistance at the 50-day Exponential Moving Average (EMA) near $2.208.
A breakout above the EMA resistance could push XRP toward $2.27, $2.33, and possibly beyond $2.50. However, failure to break out might lead to a retest of support at $2.068 or even $1.993.
Whale Accumulation Suggests Confidence
On-chain data indicates strong institutional interest. Over 200 million XRP were added last week to wallets holding between 10 million and 100 million tokens. A notable whale transaction involved 29.5 million XRP (worth over $64 million) moved to Coinbase.
Sasha Varela, senior analyst at ChainWave Metrics, stated,
“This volume is not retail-driven. It reflects informed buyers anticipating a significant price movement.”
XRP ETF Speculation Fuels Market Optimism
Speculation around a potential ProShares XRP spot ETF is intensifying. Analysts currently estimate an 80% probability of approval.
Linda Moh, ETF strategist at WaveX Funds said :
“ETF anticipation alone can drive FOMO-led rallies,” especially when combined with technical strength and whale accumulation.
An ETF approval would mark a significant regulatory milestone for Ripple and the broader altcoin market.
Crypto analyst Dark Defender believes XRP is in the final phase of a fifth wave Elliott structure, expecting a move toward $3, followed by potential targets at $4.40 and $6.30, as long as XRP stays above $2.00. Immediate key support lies at $1.88.With bullish technical patterns, rising institutional interest, and ETF optimism aligning, all eyes are now on whether XRP can break above the $2.208 resistance. The next move could define XRP’s momentum for the weeks ahead.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
The post Is XRP Price Gearing Up for a Major Rally? appeared first on Coinpedia Fintech News
XRP is holding steady around $2.19, showing resilience despite a minor 0.3% weekly dip. This stability might be the calm before a major price surge. On lower timeframes, XRP continues to form bullish price structures with higher highs and higher lows, keeping traders on alert. While a decisive breakout hasn’t occurred yet, several key signals …
