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Pi Network (PI) is down nearly 10% in the last 24 hours, as multiple indicators point to growing bearish momentum. The DMI shows a clear shift from an uptrend to a downtrend, while CMF data confirms increasing outflows.

EMA lines are also warning of a potential death cross, which could trigger further losses. Here’s a breakdown of what the charts are signaling for PI in the near term.

Bearish Momentum Builds as PI Network’s DMI Flips to Downtrend

Pi Network’s (PI) DMI chart reveals a clear shift in momentum, with the ADX dropping from 43.68 to 39.17 over the past two days.

The ADX, or Average Directional Index, measures the strength of a trend, with values above 25 generally indicating a strong trend.

Although the current reading still suggests solid momentum, the recent decline in ADX combined with the trend reversal from uptrend to downtrend signals that bullish strength is fading and bearish pressure is taking control.

Supporting this shift, the +DI (Directional Indicator) has dropped sharply from 22.11 to 13.29, while the -DI has surged from 11.32 to 30.95.

The +DI represents bullish strength, and the -DI represents bearish strength—so this crossover and widening gap confirm that sellers are now in control. This setup typically points to continued downside, especially if the -DI remains dominant and the ADX stabilizes or rises again, signaling a strengthening bearish trend.

Unless there’s a sharp reversal in these indicators, PI could remain under pressure in the near term.

Selling Pressure Intensifies as Outflows Accelerate on PI Network

Pi Network’s Chaikin Money Flow (CMF) has dropped sharply to -0.13, down from 0.07 just a day ago. The CMF is a volume-based indicator that measures the flow of money in and out of an asset over a set period.

It ranges from -1 to +1, with positive values indicating buying pressure and negative values suggesting selling pressure.

A sudden shift from positive to negative typically signals a change in sentiment and potential weakness ahead.

With the CMF now at -0.13, it suggests that outflows are picking up and sellers are becoming more active.

This kind of drop often reflects reduced demand and a lack of confidence from buyers, especially if it comes alongside declining prices or weakening momentum indicators.

If the CMF remains in negative territory, it could point to sustained bearish pressure and a risk of further downside for PI unless strong inflows return soon.

Will PI Fall Below $0.50?

Pi Network’s EMA lines are signaling a potential death cross, where the short-term moving average crosses below the long-term moving average.

This is typically seen as a bearish sign, often preceding further downside. If confirmed, it could lead PI to retest the support level at $0.54.

A break below that level may open the door for a move under $0.50, especially if overall momentum continues to weaken, as analysts warn about Pi Network transparency after Mantra’s OM token collapse.

However, if the trend reverses and buyers step back in, PI price could regain strength and push toward the resistance at $0.66.

A breakout above that level would be an early sign of renewed bullish momentum.

If that move holds and gains traction, the next key target would be $0.789, which could be a major test of the strength of the recovery.

The post Pi Network (PI) Drops 10% as Outflows Surge and Death Cross Emerges appeared first on BeInCrypto.

Cryptocurrency exchange Gemini has announced the listing of Ripple’s stablecoin RLUSD on its exchange, enabling trading, deposits, and withdrawals. 

This marks a significant step forward in the global adoption of RLUSD. Moreover, the listing triggered a surge in RLUSD’s trading volume, which has increased by 63.7%.

RLUSD Stablecoin Goes Live On Gemini

The announcement was made via Gemini’s official X (formerly Twitter) account. 

“RLUSD is now available for trading on Gemini. Deposits and withdrawals are enabled. Buy, sell, and store today,” the post read.

The move positions Gemini alongside other major exchanges supporting RLUSD trading. For instance, Bitstamp enabled trading for the stablecoin on January 8. Meanwhile, Kraken followed suit on April 2.

Notably, Gemini’s listing had a positive impact on RLUSD. Following the announcement, the stablecoin’s 24-hour trading volume surged to over $52 million, reflecting a 63.7% increase over the past day, according to data from CoinGecko.

The double-digit rise highlighted heightened market activity and growing confidence in the stablecoin. However, this isn’t something new. RLUSD has been gaining traction for quite some time.

Since its launch late last year, the stablecoin has seen remarkable growth. Its market capitalization has risen 338.6% since the beginning of 2025. As of the latest data, it stands at $317 million. 

Although the market cap remains modest compared to industry leaders like Tether (USDT) and USDC (USDC), analysts remain optimistic about RLUSD’s prospects.

“Ripple’s RLUSD stablecoin has exploded since launch, now pushing over $860 million in monthly volume. It’s fully backed, built on the XRP Ledger and Ethereum, and already integrated into Ripple Payments. Kraken, Bitstamp, and LMAX Digital have listed it. This is Ripple’s enterprise-grade answer to global stablecoin demand, and it’s built for compliance, scalability, and cross-border dominance,” a user wrote on X.

In fact, many market watchers believe that RLUSD’s use as collateral across all of Hidden Road’s prime brokerage products will trigger substantial demand. Furthermore, BeInCrypto reported that Ripple pledged $25 million in RLUSD to US public education initiatives. This could further drive adoption by showcasing real-world utility. 

Meanwhile, the broader stablecoin ecosystem is also positioned for significant growth. According to forecasts from the US Treasury, the market capitalization could reach $2 trillion by 2028. 

Furthermore, Citigroup’s projections estimate that the market cap could soar to $3.7 trillion by 2030. This overall expansion of the stablecoin market is expected to benefit RLUSD as well, driving further integration and usage as the demand for stablecoins continues to rise.

The post Gemini Lists Ripple’s RLUSD Stablecoin, Boosting Trading Volume by 63.7% appeared first on BeInCrypto.

Polymarket, the world’s leading decentralized prediction platform, is close to completing a $200 million funding round that would push its valuation beyond $1 billion.

This milestone would place the platform into the prestigious “unicorn” club. Moreover, Polymarket has recently seen a rebound in trading volume and new user signups following the conclusion of the US election.

Polymarket Nears $200 Million Raise, Eyes Unicorn Status

According to Reuters, Polymarket is preparing to finalize a $200 million fundraising round led by billionaire Peter Thiel’s Founders Fund.

Data from Cryptorank shows that Polymarket raised $74 million between 2020 and 2024. Notable investors, including Ethereum co-founder Vitalik Buterin, have backed the platform’s future.

Founders Fund led a $45 million Series B round in May last year. The current round signals the fund’s continued commitment and long-term belief in Polymarket.

The new capital is expected to help Polymarket expand its infrastructure, enhance product development, and address legal challenges, especially in the US, where the platform is currently banned due to gambling regulations.

Additionally, a key highlight of Polymarket’s growth strategy is its partnership with Elon Musk’s social media platform X, announced on June 6, 2025.

This agreement makes Polymarket the official prediction market partner of X. The integration combines Polymarket’s forecast data with real-time analysis from Grok AI and posts on X to provide users with deeper insights.

The partnership strengthens Polymarket’s market position and grants it access to millions of users worldwide.

Monthly Trading Volume on Polymarket Recovers Above $1 Billion

According to Dune Analytics, May 2025 marked a strong comeback for Polymarket, with trading volume exceeding $1 billion. This follows a decline earlier in the year caused by post-election fatigue.

The platform also recorded over 100,000 new accounts each month. It maintained an average daily trading volume of $40 million, with around 20,000 active traders.

This resurgence reflects growing community confidence in the potential of decentralized prediction markets. It comes at a time when both the crypto sector and the broader world are experiencing increasingly eventful and attention-grabbing developments.

While traffic to most crypto exchanges declined, Polymarket’s traffic jumped 50%, rising from 10 million visits in March to over 15 million in May.

Despite the growth, Polymarket continues to face significant regulatory challenges. Recently, the US CFTC  issued a subpoena to Coinbase seeking information related to Polymarket. It is to be noted that Polymarket has been inaccessible to US residents since 2022. This followed a $1.4 million settlement with the CFTC for operating an unregistered derivatives trading platform.

Polymarket has also faced legal trouble in France for violating gambling laws related to prediction markets. Furthermore, some people believe that large investors can manipulate market prices, raising questions about the platform’s neutrality.

The post Polymarket’s $200 Million Raise Marks Crypto’s Newest Unicorn appeared first on BeInCrypto.