A fresh controversy has erupted in the crypto world after Binance founder Changpeng Zhao (CZ) reposted a tweet accusing Coinbase of secretly working against both Binance and U.S. President Donald Trump’s crypto venture, World Liberty Financial.
The claim came from crypto influencer Matt Wallace, who said that new evidence shows Coinbase was the “anonymous” source behind negative reports targeting Trump’s project and Binance. According to Wallace, Coinbase executives feared that if Trump returned to power and offered a possible pardon to CZ, it could clear the way for Binance to re-enter the U.S. market.
As it stands, Binance remains the world’s largest cryptocurrency exchange, and a legal comeback in the U.S. could quickly reduce Coinbase’s market share. Wallace alleged that because of Coinbase’s higher trading fees and customer service issues, the company was worried it might lose ground to Binance if the playing field was leveled.
What’s raising eyebrows is the claim that Coinbase was willing to target Trump’s crypto initiative as part of its strategy to hurt Binance. Wallace called the alleged move “anti-American” and questioned whether Coinbase would admit to these actions if proof surfaces.
Sorry— this is pure misinformation. We absolutely did not contribute to this story.
We don’t attack competitors, and we welcome any businesses that share our goal of growing the crypto pie.
However, Coinbase quickly shot down these accusations. Paul Grewal, Chief Legal Officer at Coinbase, responded on social media, calling the claims “pure misinformation.” He wrote, “Sorry— this is pure misinformation. We absolutely did not contribute to this story. We don’t attack competitors, and we welcome any businesses that share our goal of growing the crypto pie.” Grewal added that anyone chasing the real source of the story should “keep looking.”
Pi Network (PI) is showing mounting technical weakness, down nearly 15% over the past seven days and 4.4% in the last 24 hours, with its market cap now sitting at $5.12 billion. Trading volume has surged 25% in the past day, reaching $104.6 million, signaling heightened activity amid a deepening downtrend.
Key indicators like the ADX, CMF, and EMA structure all point to growing bearish momentum, with selling pressure intensifying and price action struggling to hold support. Unless momentum shifts, PI appears vulnerable to further downside in the near term.
PI Network’s Bearish Trend Strengthens
The Directional Movement Index (DMI) chart for Pi Network (PI) shows a notable rise in the Average Directional Index (ADX), which has climbed to 21 from 11.46 just a day earlier.
The ADX measures the strength of a trend, regardless of direction. Generally, an ADX below 20 suggests a weak or non-trending market, while readings above 20 indicate that a trend is beginning to gain strength.
With PI’s ADX now breaking above this threshold, the data suggests that a more decisive move—either bullish or bearish—may be developing.
Looking deeper, the +DI (Positive Directional Indicator) has dropped to 13.21 from 20.93 two days ago, while the -DI (Negative Directional Indicator) has surged to 31.92 from 23.48.
This widening gap, with -DI clearly dominant, signals increasing downward pressure on PI. When the -DI rises above the +DI alongside a strengthening ADX, it typically confirms a bearish trend gaining momentum.
In short, the indicators are aligning to suggest PI may be entering a stronger downtrend, and traders should watch closely for follow-through in price action.
Indicators Show Strong Selling Pressure
The Chaikin Money Flow (CMF) for Pi Network (PI) has dropped sharply to -0.20, down from 0.08 three days ago and -0.08 just one day ago.
The CMF is a volume-weighted indicator that measures the flow of money into and out of an asset over a set period, typically 20 or 21 days.
Values above 0 generally indicate buying pressure and accumulation, while values below 0 suggest selling pressure and distribution. A CMF reading beyond ±0.10 is usually considered significant, with deeper negative values pointing to sustained outflows.
With PI’s CMF now at -0.20—its lowest reading since May 17—there’s a strong signal that sellers are in control.
This steep drop reflects increasing capital leaving the asset, and when combined with recent price weakness, it reinforces a bearish outlook.
If CMF continues to decline or holds at deeply negative levels, it may suggest that any bounce attempts could face heavy resistance due to a lack of bullish volume support.
PI Price Eyes Lower Support
The Exponential Moving Average (EMA) indicators for PI remain bearish, with short-term EMAs positioned below long-term ones—a clear sign that downward momentum is still in control.
The growing distance between these EMA lines reinforces the strength of the current downtrend. If PI continues to slide, the next support level lies at $0.66, and losing that could open the door for a further decline toward $0.57.
On the flip side, if PI manages to reverse its current trajectory, the first key resistance to watch is at $0.727. A breakout above that level could signal a short-term recovery and potentially send the price higher toward the $0.86 mark.
However, until short-term EMAs start to flatten or cross above the longer-term ones, any bullish attempts may remain vulnerable to selling pressure.
The Ethereum price chart shows that it could hit the $3,250 level, even though the cryptocurrency has not been performing well recently in relation to Bitcoin and other assets. This technical setup appears as on-chain data shows that big-time investors are buying more.
Whale activity shows important ETH accumulation
On-chain analysis platform Lookonchain has observed significant Ethereum accumulation by whale accounts despite ETH’s price woes. According to their data, a wallet identified as 0xd81E withdrew 1,900 ETH (worth approximately $3.1 million) from the Gate exchange just hours ago.
0xd81E withdrew 1,900 $ETH($3.1M) from #Gateio again an hour ago. Since Feb 15, this wallet has withdrawn 48,477 $ETH($100.35M) from #Gateio and is currently sitting on a $21M loss.
This withdrawal appears to be part of a larger accumulation strategy, as the same address has withdrawn a total of 48,477 ETH (valued at $100.35 million) from the top crypto exchange since February 15. The wallet is currently sitting on an unrealized loss of around $21 million based on current prices.
In a separate transaction, Lookonchain reported that another whale address, 0x3bd2, withdrew 2,600 Ethereum (worth $4.26 million) from Binance after showing no activity for an entire year. This re-activation of inactive wallets to pull out ETH to personal wallets usually indicates optimism about future price appreciation.
But not all that has happened in the whales’ world is good. Analyst Ash Crypto mentioned in a tweet that one whale sold 2,056 ETH for $3.72 million and initiated a 10x leveraged short position in ETH. That shows conflicting sentiments from the large holders.
Ethereum price could be headed to $3,250
The Ethereum daily chart indicates a firm downtrend since late 2024, as ETH is registering lower highs and lower lows. Nevertheless, recent trade prices indicate a topping pattern can form. Analyst Crypto Fella has shared several key resistance levels now in focus for a possible recovery rally.
The chart identifies four major resistance zones that Ethereum would need to overcome to confirm a reversal. The first one is at approximately $1,750, followed by levels near $2,000, $2,500, and ultimately $3,250. These horizontal resistance bands represent previous support areas that have now flipped to resistance after being broken to the downside.
The analyst emphasized the importance of breaking the current resistance. He also stated that Ethereum price needs to break this resistance and mentioned that traders cannot ignore this opportunity. His analysis points to a potential target of $3,500 if a breakout occurs.
The technical setup shows a descending trendline that has contained price action since December 2024. A decisive break above this trendline, combined with reclaiming the $1,750 level, would provide the first technical confirmation of a trend change.
Despite the mixed analysis by several analysts, an analyst had predicted the Most Hated Rally for Ethereum earlier this month.
Avalanche (AVAX), a renowned blockchain platform, is currently trading at $24.81, reflecting a modest 8.7% daily increase. Known for its scalability and robust ecosystem, Avalanche continues to attract attention through innovative projects and partnerships. Despite recent market consolidation, AVAX is maintaining a strong foothold in the blockchain space.
While Avalanche proves its strength, Ruvi AI emerges as a game-changing blockchain project by seamlessly combining decentralization with artificial intelligence to revolutionize the industry.
Ruvi AI: A Revolutionary Step in Decentralized AI Technology
Ruvi AI is redefining the blockchain landscape with its decentralized AI superapp, aimed at delivering scalable and secure solutions. Its community-focused framework alongside strong fundamentals has positioned Ruvi as an enticing opportunity in the crypto market, particularly for investors seeking unparalleled innovation.
Ruvi Presale Success and Key Collaborations
Ruvi AI has quickly gained momentum, with Phase 1 of its presale selling out in just over two weeks, driving early investors to realize an impressive 50% gain. Currently priced at $0.015, Ruvi tokens provide a significant opportunity to capitalize on the upcoming phase, which is set to feature a 0.33% price increment.
Adding to its momentum, Ruvi has partnered with WEEX Exchange, a strategic move to enhance liquidity and global exposure. Industry experts predict Ruvi tokens could reach $1, further increasing the appeal of this promising venture.
Investor Opportunities with Ruvi AI
Ruvi’s structured VIP investment tiers offer remarkable potential, making it a standout project for maximizing returns through a tiered incentive model.
VIP Tier 1 ($510 investment with 20% bonus):
Total Tokens: 40,800 (34,000 base allocation + 6,800 bonus).
Value at $0.07:$2,856.
Value at $1:$40,800.
VIP Tier 3 ($2,100 investment with 60% bonus):
Total Tokens: 224,000 (140,000 base allocation + 84,000 bonus).
Value at $0.07:$15,680.
Value at $1:$224,000.
VIP Tier 5 ($9,600 investment with 100% bonus):
Total Tokens: 1,280,000 (640,000 base + 640,000 bonus).
Value at $0.07:$89,600.
Value at $1:$1,280,000.
Lucrative Rewards for High Contributors
To promote greater participation, Ruvi AI offers lucrative leaderboard rewards, further cementing its standing as an innovative project within the blockchain space:
Top 10 Contributors:500,000 bonus tokens, valued at $35,000 at $0.07 or $500,000 at $1.
Top 50 Contributors:250,000 bonus tokens, worth $17,500 at $0.07 or $250,000 at $1.
Top 100 Contributors:100,000 bonus tokens, equating to $7,000 at $0.07 or $100,000 at $1.
Your Pathway to Blockchain Success
Ruvi AI is steadily reshaping the blockchain and AI industries, offering major growth and investment opportunities. With its strategic collaboration with WEEX Exchange and a community-driven platform, Ruvi is set for significant breakthroughs in the decentralized ecosystem!
The post Avalanche (AVAX) Holds at $24.81, But Ruvi AI (RUVI) Ensures Its Investors Massive Gains And Sells Over 120M Tokens appeared first on Coinpedia Fintech News
Avalanche (AVAX), a renowned blockchain platform, is currently trading at $24.81, reflecting a modest 8.7% daily increase. Known for its scalability and robust ecosystem, Avalanche continues to attract attention through innovative projects and partnerships. Despite recent market consolidation, AVAX is maintaining a strong foothold in the blockchain space. While Avalanche proves its strength, Ruvi AI …
