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Trump Media & Technology Group (TMTG) has filed to launch a Blue-Chip Crypto ETF, a fully crypto-focused fund encompassing various top digital assets, excluding meme coins. The US President, Donald Trump, is putting a stronger foot in the crypto industry after launching TMTG, NFTs, meme-themed cryptos, and more. However, the negligence of the Official Trump
The post Why Trump’s Blue‑Chip Crypto ETF Excludes Meme Coins? appeared first on CoinGape.
Pi Network (PI) has been consolidating after hitting new highs in late February, with technical indicators showing mixed signals. The DMI chart suggests that sellers are attempting to maintain control, as the +DI has dropped while the -DI is rising, signaling increasing bearish momentum.
Meanwhile, the RSI remains neutral, fluctuating between 45 and 55, indicating a lack of strong directional movement. If a strong uptrend emerges, PI could break above $2 and potentially test $3, but downside risks remain, especially with the upcoming unlock of 188 million tokens this month.
Pi Network’s DMI chart shows that its ADX has dropped to 11.5, down from 17.7 the previous day.
The Average Directional Index (ADX) measures trend strength on a scale from 0 to 100, with values below 20 indicating a weak trend and readings above 25 suggesting a strong trend.
A declining ADX suggests that the current trend, whether bullish or bearish, is losing momentum and is less likely to continue in the short term.
At the same time, PI +DI has fallen to 19.3 from 24.5, while -DI has risen to 20.1 from 16.1. This shift indicates that bearish momentum is increasing as selling pressure overtakes buying pressure.
If this trend continues, PI could struggle to gain upside momentum and may face further price weakness.
For a bullish reversal, +DI would need to reclaim dominance over -DI alongside an ADX increase, confirming a stronger trend direction.
Pi Network’s RSI is currently at 46.9, maintaining a neutral stance since February 27 and fluctuating between 45 and 55 for the past three days.
The Relative Strength Index (RSI) is a momentum indicator that measures the speed and magnitude of price movements on a scale from 0 to 100.
Readings above 70 indicate overbought conditions, suggesting a potential pullback, while readings below 30 signal oversold conditions, hinting at a possible rebound. A neutral RSI between 45 and 55 typically reflects a lack of strong momentum in either direction.
With PI RSI sitting at 46.9, the market appears indecisive, lacking clear bullish or bearish momentum. This suggests that Pi Network’s price may remain range-bound unless a significant shift in buying or selling pressure occurs.
For a stronger bullish outlook, the RSI would need to break above 55, signaling increasing buying interest, while a drop below 45 could indicate growing bearish momentum, potentially leading to further price declines.
The coin recently surpassed 4 million followers on X, however, Binance listing remains elusive, which could contribute to more selling pressure.
Pi Network has been in a consolidation phase over the past few days after reaching new highs at the end of February.
Consolidation periods often indicate a temporary pause in price movement as traders assess the next direction, with the potential for either a continuation of the previous trend or a reversal.
If buying pressure returns and Pi Network resumes its uptrend, it could first test resistance around $2. A breakout above this level, combined with strong momentum, could push Pi toward $3 and even higher, marking new all-time highs.
However, if the uptrend fails to materialize and selling pressure increases, PI price could enter a corrective phase. In this scenario, the price could decline toward $1.51. Its next price movements could be driven by its 188 million token unlock, which will take place this month.
The post Pi Network (PI) Breakout Above $2 in Jeopardy as Selling Pressure Increases appeared first on BeInCrypto.
Paul Atkins has formally taken office as the 34th Chairman of the US Securities and Exchange Commission (SEC). The new pro-crypto SEC Chair is expected to hit the ground running with clear regulations in his second stint at the Commission.
According to an SEC press release, Paul Atkins has taken over the reins of control at the US SEC. Per the statement, Atkins has taken the oath of office as the 34th SEC Chair after an edgy wait.
Atkins earned a nomination by US President Trump in mid-January before clinching a US Senate confirmation as SEC chair. Following Atkins’ confirmation by the Senate, final paperwork and the Easter holidays delayed his assumption of office.
“I am honored by the trust and confidence President Trump and the Senate have placed in me to lead the SEC,” said Atkins.
Paul Atkins is making a return to the US SEC after previously serving as a Commissioner between 2002 and 2008. Armed with decades of capital market experience, Atkins is pledging to maintain a “fair, orderly, and efficient market” with investors’ protection at the core.
Right out of the bat, digital asset enthusiasts are buzzing with excitement as Paul Atkins begins his tenure. The pro-crypto SEC Chair is expected to fast-track clear digital asset regulatory direction for the securities watchdog.
Following his assumption of office, Paul Atkins may make an appearance at the SEC’s third crypto policy roundtable. If Atkins joins the roundtable, the new SEC Chair will be in the thick of things for discussions around crypto custody with representatives from Kraken and Fidelity in attendance.
Atkins will lead the securities regulator as the Commission’s case with Ripple enters its final stretch. Following the approval of a joint motion to suspend appeals, pro-XRP lawyer says there are “no more excuses for delays.”
Paul Atkins will face a mountain of paperwork from cryptocurrency exchange-traded fund (ETF) applications on his desk. Currently, over 17 XRP spot ETFs are awaiting approvals from the SEC, with a pro-crypto Chair tapped to lend support.
Atkins’ assumption of office comes on the heels of Oregon filing a securities enforcement action against Coinbase, leaning on an old playbook.
Paul Atkins’ connection to cryptocurrencies runs deep, with the new Chair holding nearly $6 million in digital assets. Early in the day, Coinbase announced support for Linked Reserve Rights connected to Paul Atkins.
The post Paul Atkins Officially Sworn In As SEC Chair, Here’s What To Expect appeared first on CoinGape.
Ethereum’s recently introduced smart wallet feature, EIP-7702, is under scrutiny after blockchain security researchers uncovered cybercriminals’ misuse of it. Following the Pectra upgrade, several wallet providers have begun integrating EIP-7702 features.
Analysts at Wintermute, a crypto trading firm, noted that attackers used 97% of EIP-7702 wallet delegations to deploy contracts designed to drain funds from unsuspecting users.
EIP-7702 temporarily allows externally owned accounts (EOAs) to operate as smart contract wallets. The upgrade enables features like transaction batching, spending limits, passkey integration, and wallet recovery—all without changing wallet addresses.
While these upgrades aim to enhance usability, malicious actors are leveraging the standard to speed up fund extractions.
Instead of moving ETH manually from each compromised wallet, attackers now authorize contracts that automatically forward any received ETH to their own addresses.
“No doubt attackers are one of the early adopters of new capabilities. 7702 was never meant to be a silver bullet and it does have great use cases,” Rahul Rumalla, Chief Product Officer at Safe, said.
Wintermute’s analysis shows that most of these wallet delegations point to identical codebases designed to “sweep” ETH from compromised wallets.
These sweepers automatically transfer any incoming funds to attacker-controlled addresses. Out of nearly 190,000 delegated contracts examined, more than 105,000 were linked to illicit activity.
Koffi, a senior data analyst at Base Network, explained that over a million wallets interacted with suspicious contracts last weekend.
He clarified that attackers didn’t use EIP-7702 to hack the wallets but to streamline theft from wallets with already exposed private keys
The analyst furthered that one standout implementation includes a receive function that triggers ETH transfers the moment funds land in the wallet, eliminating the need for manual withdrawal.
Yu Xian, founder of blockchain security firm SlowMist, confirmed that the perpetrators are organized theft groups, not typical phishing operators. He noted that EIP-7702’s automation capabilities make it particularly attractive for large-scale exploits.
“The new mechanism EIP-7702 is used most by coin stealing groups (not phishing groups) to automatically transfer funds from wallet addresses with leaked private keys/mnemonics,” he stated.
Despite the scale of the operation, there are no confirmed profits so far.
A researcher at Wintermute noted that attackers have spent about 2.88 ETH authorizing over 79,000 addresses. One address alone executed nearly 52,000 authorizations, yet the target address has not received any funds.
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