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Pi Coin (PI) and Solana (SOL) Prices Slow To React To Crypto Pump; Remittix (RTX) Is Going Parabolic

Remittix

The post Pi Coin (PI) and Solana (SOL) Prices Slow To React To Crypto Pump; Remittix (RTX) Is Going Parabolic appeared first on Coinpedia Fintech News

Pi Coin (PI) and Solana (SOL) have shown mixed price movements, with Pi Coin continuing its downward spiral while Solana price remains under pressure. As Pi Coin nears all-time lows and Solana struggles to maintain upward momentum, Remittix has emerged as a breakout top altcoin, gaining 450% this year and continuing to surge.

Remittix

Pi Coin Faces Steep Decline Amid Lack of Market Support

Pi Coin cannot hold its own and is trading at 0.34 today, slightly above the fresh all-time low of 0.322. Despite an increase in institutional demand for certain cryptos, Pi Coin has fallen behind due to issues like poor token migration and disappointing ecosystem growth. 

Chaikin Money Flow (CMF) is still exhibiting outflows as compared to inflows indicating that investors are losing faith in Pi Coin. According to analysts, Pi Coin can remain under pressure unless it makes major adjustments to its ecosystem or there is upbeat news, which can send the currency back to even lower prices.

Remittix

Solana Price Faces Challenges But Golden Cross Signals Recovery Potential

While Pi Coin struggles, Solana price is also showing signs of slowing down. Trading close to $168, SOL has retreated off of highs over 200, recently falling back to major support at $160. In spite of the bearish news, Solana is doing well with an imminent gold cross scenario where the 100-day EMA is about to cross over the 200-day EMA and there is a possibility that the current momentum would shift.

Solana price has shown resilience, maintaining a 10% increase over the past three months. As on-chain data suggests, reduced supply on exchanges could lead to a price rebound if SOL can hold above $160 and reclaim the $177–$189 resistance levels. If this happens, Solana could be back on track to $200 or more in the short term.

Remittix

Remittix: The New Altcoin Taking Over in 2025

While Pi Coin and Solana face growing pains, Remittix (RTX), an Ethereum-based PayFi project, is quietly rising as a top altcoin to watch in 2025. With over $18.3 million raised and more than 583 million tokens sold, Remittix is already on track to make a serious impact, drawing attention from investors who want real utility in the fast-growing DeFi space.

The upcoming Remittix Wallet beta release on September 15 has created significant buzz, particularly among the growing community of freelancers and businesses seeking cross-border payment solutions. The $0.0895 price offers a 40% token bonus for early investors, making it a highly attractive opportunity in today’s market.

Why Remittix Is Positioned to Be the Next Breakout Crypto

  • 40% token bonus for early investors
  • Wallet beta launching September 15
  • Real-world utility in DeFi and cross-border payments
  • Strong community buzz with growing adoption

With Pi Coin and Solana price struggling in uncertain market conditions, Remittix stands out as an undervalued gem that offers real-world use cases and long-term potential.

Discover the future of PayFi with Remittix by checking out their project here:

Website: https://remittix.io/  

Socials: https://linktr.ee/remittix

$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway

The post Pi Coin (PI) and Solana (SOL) Prices Slow To React To Crypto Pump; Remittix (RTX) Is Going Parabolic appeared first on Coinpedia Fintech News
Pi Coin (PI) and Solana (SOL) have shown mixed price movements, with Pi Coin continuing its downward spiral while Solana price remains under pressure. As Pi Coin nears all-time lows and Solana struggles to maintain upward momentum, Remittix has emerged as a breakout top altcoin, gaining 450% this year and continuing to surge. Pi Coin …

Jack Dorsey’s Block Adds $12.6M in Bitcoin, Hits $1B BTC Milestone

Smarter Web Adds 50 BTC, Now Holds $229M in Bitcoin

The post Jack Dorsey’s Block Adds $12.6M in Bitcoin, Hits $1B BTC Milestone appeared first on Coinpedia Fintech News

Block Inc., a leading fintech company, is expanding its Bitcoin treasury while launching new initiatives that could change how people use digital money.

Block Holds Over $1 Billion in BTC

In Q2, Jack Dorsey’s Block Inc. boosted its Bitcoin holdings by 108 BTC. The latest buy increases Block’s total Bitcoin stash to 8,692 BTC, now valued at over $1 billion.

Block now joins the ranks of major public companies holding Bitcoin, ranking as the 13th largest corporate Bitcoin holder and following MicroStrategy’s playbook on Bitcoin adoption.

Q2 Earnings Beat Market Expectations

Block recently posted a strong Q2 earnings report with $6.05 billion in total revenue, and gross profit rising 8.2% to $2.54 billion. Notably, out of Block’s total revenue, $2.14 billion came from Bitcoin sales through Cash App.

The company outperformed Wall Street’s estimates and raised its full-year profit forecast to $10.17 billion, underscoring its strong growth trajectory.

Making Bitcoin ‘Everyday Money’

The company has taken several steps to integrate Bitcoin more deeply into its ecosystem:

  • Increased Bitcoin withdrawal limits on Cash App
  • Enabled Square sellers to accept BTC payments
  • Set to launch a proto-mining initiative next week aimed at “democratizing the mining ecosystem.”
  • Introduced BitKey, a self-custody wallet product

While Block saw a revaluation loss of $212 million on its Bitcoin holdings due to recent price drops, its long-term focus remains on making BTC spendable in everyday life.

On July 23, Block joined the S&P 500 index, which led to a 7% rise in its share price. This milestone reflects the company’s growing influence in both the tech and financial sectors.

CFO’s Vision for Bitcoin’s Future

In a recent interview with CNBC, Block’s CFO, Amrita Ahuja, said, “We think Bitcoin can be the open protocol that powers the internet” and believes that it can “move at the speed of the internet.” While many see Bitcoin as just ‘digital gold’, she says that it has the opportunity to move to currency.

With 8 million Cash App users trading Bitcoin, a billion-dollar BTC treasury, and new initiatives aimed at accessibility, Block is positioning itself at the forefront of Bitcoin adoption.

Block is leading the way in making Bitcoin a practical part of everyday life through innovation and wider accessibility.

The post Jack Dorsey’s Block Adds $12.6M in Bitcoin, Hits $1B BTC Milestone appeared first on Coinpedia Fintech News
Block Inc., a leading fintech company, is expanding its Bitcoin treasury while launching new initiatives that could change how people use digital money. Block Holds Over $1 Billion in BTC In Q2, Jack Dorsey’s Block Inc. boosted its Bitcoin holdings by 108 BTC. The latest buy increases Block’s total Bitcoin stash to 8,692 BTC, now …

XRP Ledger Hits Record 7.3M Addresses, New Ethereum Layer 2 Launches With 25,000% Staking Rewards

LBRETT

The post XRP Ledger Hits Record 7.3M Addresses, New Ethereum Layer 2 Launches With 25,000% Staking Rewards appeared first on Coinpedia Fintech News

There’s palpable excitement amongst crypto investors as Ripple (XRP) hits a new milestone of 7.3 million addresses. It indicates rising interest in niche crypto projects, and experts have singled out LayerBrett (LBRETT), a new Ethereum Layer 2 sensation, to ride the wave to the hilt. 

This exciting project offers an irresistible 25,000% staking rewards to all and sundry. It’s on a clear path to the top, and nothing looks to be able to stop its brisk stride. 

How LBRETT rewards early users 

Ethereum Layer 2s are projected to process over $10 trillion annually by 2027. This crypto niche is expected to be driven by scalability demands, lower gas fees, and faster transactions. And that is what LayerBrett brings to the table. 

LayerBrett offers near-instant transactions and dramatically reduced gas fees. To make this happen, it processes trading activity offchain while still anchored to Ethereum for decentralization and security. 

But that’s not all. LBRETT holders can stake their tokens and access as much as a 25,000% APY.  This generous feature has gotten loads of investors jumping on the LBRETT bandwagon. Even more, early stakers get the biggest staking rewards as the ecosystem is designed to go down with more users. 

That is why LBRETT is a hot cake right now. Based on its core offerings, LBRETT appears like a core DeFi project with a decentralized architecture. But even more impressive, it’s got meme origins, adding to its intrigue. It won’t be a surprise if LBRETT, now in presale, records a 100x price jump before the end of the year. 

XRP ledger boasts 7.3 million addresses 

Since October 2024, the number of addresses on the XRP ledger has steadily increased. This is due to the expansion of Ripple’s network across the globe as well as more favorable regulatory conditions from the government. 

LBRETT

Source: Steph Is Crypto/X

In the last week, this number hit a record high of 7.3 million as more people got onboard the XRP ledger. Should its battle with the SEC be finally put to bed this August, XRP could get back on the must-have list of crypto investors. 

XRP price prediction: EGRAG is bullish 

EGAGR Crypto is a known name in the world of crypto price analysis and predictions. Currently, they are extremely bullish about Ripple’s chances of hitting new highs in the near future. 

LBRETT

Source: Egrag Crypto/X

According to them, XRP could soar to $4.89  or rise as high as $48.90 should it embark on a rally. The coin’s RSI currently hovers around 43.45, which indicates a weak momentum. But its MACD histogram is close to zero, meaning a trend change could be on the cards. 

Final word: XRP or LBRETT? 

Things are looking up for XRP right now but the optics of LBRETT is much more enticing. LayerBrett is a new project, with a fresh offering, and an irresistible 25,000% APY for early stakers. It has a much smaller market cap than XRP so there’s a bigger chance that it appreciates by 100x in the 2025 end-of-year crypto bull run. 

That is why its presale is a highly-contested affair. Both veteran crypto investors and newbies want a piece of the cake, and considering the fact that the coin is available at an extremely affordable entry rate, there’s a decent chance that it creates a new batch of crypto millionaires. For ambitious investors, this is the opportunity of a lifetime.  Missing out on promising projects like this often leads to regrets later on when they go viral and 100x

Can You Afford To Miss LBRETT’s Climb To Crypto Stardom? Secure Your LBRETT Tokens Today!

Website: https://layerbrett.com

Telegram: https://t.me/layerbrett

The post XRP Ledger Hits Record 7.3M Addresses, New Ethereum Layer 2 Launches With 25,000% Staking Rewards appeared first on Coinpedia Fintech News
There’s palpable excitement amongst crypto investors as Ripple (XRP) hits a new milestone of 7.3 million addresses. It indicates rising interest in niche crypto projects, and experts have singled out LayerBrett (LBRETT), a new Ethereum Layer 2 sensation, to ride the wave to the hilt.  This exciting project offers an irresistible 25,000% staking rewards to …

Ethereum Surges Above $4,000 After 8 Months, Is $6,000 Next?

BitMine Becomes World’s Largest ETH Holder

The post Ethereum Surges Above $4,000 After 8 Months, Is $6,000 Next? appeared first on Coinpedia Fintech News

Ethereum just crossed the $4,000 mark for the first time since last December, sparking excitement among investors and traders alike. Fueled by big whale buys, growing corporate adoption, and fresh institutional inflows, ETH is showing signs of a powerful comeback.

The second-largest cryptocurrency jumped 3.5% in the last 24 hours, is up over 8% in the past week, and has gained around 50% in the past month. Despite this impressive rally, Ethereum remains about 18% below its 2021 peak of $4,878.

Investor Ted Pillows highlighted how Eric Trump perfectly called the bottom for Ethereum by urging everyone to “Buy the dip.” This strong rebound highlights renewed confidence in Ethereum’s momentum and suggests the crypto could be gearing up for further gains.

Ethereum Whales Buy Big, $6000 Next?

Ethereum whales are also making big moves. Analyst Ali Martinez notes that in the past month alone, they have scooped up over 1.8 million ETH, signaling strong confidence from major holders. The analyst had also said that if Ethereum breaks past $4,000, then $6,400 is the next major target, pulling the price upward.

Rising Corporate Adoption

Corporate adoption for Ethereum is also growing, with firms like BitMine Immersion and SharpLink Gaming holding billions in Ethereum. Besides, spot Ethereum ETFs have also attracted strong institutional interest in recent weeks. On August 7th, Ethereum ETFs saw net inflows of over $222 million.

As of August 7, cumulative net inflows into Ethereum ETFs have reached $9.35 billion, reflecting strong institutional interest in the asset. The Ethereum community is also waiting for SEC approval of staked Ethereum ETFs, which would let investors earn rewards.

Ethereum also hit a new record with 1.74 million daily transactions, breaking its May 2021 high, after a record-breaking July with over 46 million transactions.

Analyst Michaël van de Poppe says that the $4,000 mark is an ideal point for short-term profit-taking but not the best time to buy. He explained that since the short-side liquidity has been cleared out, any upcoming correction should be short and volatile, after which the price is expected to continue its upward trend. Overall, he sees a strong outlook for Ethereum moving forward.

Altcoins Poised for Big Gains

In a previous tweet, van de Poppe said that he expects 200-500% gains for altcoins in the next 2-4 months. Many altcoins have not yet bounced back to their early 2025 levels, but Ethereum’s recent move signals growing risk appetite.

While Bitcoin remains relatively flat around $116,800, Ethereum’s recent gains have boosted the ETH/BTC ratio by 3% in just the past hour. Other altcoins are also showing notable gains of up to 3-7%.

The post Ethereum Surges Above $4,000 After 8 Months, Is $6,000 Next? appeared first on Coinpedia Fintech News
Ethereum just crossed the $4,000 mark for the first time since last December, sparking excitement among investors and traders alike. Fueled by big whale buys, growing corporate adoption, and fresh institutional inflows, ETH is showing signs of a powerful comeback. The second-largest cryptocurrency jumped 3.5% in the last 24 hours, is up over 8% in …

Coinbase Launches In-App DEX Trading for U.S. Users, Starting With Base-Native Tokens

Coinbase Plans $2 Billion Convertible Note Offering

The post Coinbase Launches In-App DEX Trading for U.S. Users, Starting With Base-Native Tokens appeared first on Coinpedia Fintech News

Coinbase is taking another big step as an all-in-one hub for crypto. The company has added decentralized exchange (DEX) trading directly into its main app, letting most U.S. customers trade on-chain without leaving the platform. New York users are excluded for now. The feature launches with Base-native tokens and could massively expand the number of tradable assets for Coinbase users.

Coinbase Allows Live Trading on Blockchain

Coinbase announced on Friday that it’s adding decentralized exchange (DEX) trading to its main app, giving users access to a much wider range of cryptocurrencies.

The feature is rolling out first to select U.S. customers, except those in New York, and could expand Coinbase’s offerings from about 300 tokens to potentially millions once assets are indexed on-chain.

Instead of sending assets to an outside platform, Coinbase users can now place trades that go straight to blockchain-based liquidity pools. Orders will be routed through DEX aggregators like 0x and 1inch, tapping into decentralized markets such as Uniswap and Aerodrome.

This means traders can swap a growing list of Base-native tokens, including projects like Virtuals AI Agents, Reserve Protocol, Centrifuge, SoSo Value, Auki Labs, and Super Champs. More tokens will be added in stages, with the goal of eventually covering the entire Base network.

DEX trading offers advantages that many crypto users acknowledge: faster listings for new tokens, self-custody of funds, and potentially lower fees. Coinbase will even sponsor network fees for now, making transactions simpler for those unfamiliar with on-chain gas costs.

Users can fund trades directly from their Coinbase balance and monitor portfolio performance inside the app.

Coinbase Takes a Big Web3 Push

Coinbase sees this move as part of its plan to become an “everything app” for crypto, one that supports both centralized and decentralized markets. By integrating DEX trading, it’s appealing to users who want more control and fewer intermediaries after events like the FTX collapse highlighted the risks of centralized custody.

While Coinbase will provide real-time risk and market data, it won’t review or approve tokens listed on external DEXs. Instead, it will rely on third-party vendors to flag potentially malicious assets and restrict access accordingly.

The launch could also benefit token creators, who will now reach Coinbase’s user base almost instantly after being indexed on-chain, bypassing the long wait for centralized listings. Future updates will expand DEX trading to other blockchains, such as Solana, and to more global markets.

Coinbase takes this step as DEX activity is booming. Data from DefiLlama shows daily decentralized exchange volume reaching $12.8 billion, far above Coinbase’s $3.5 billion in centralized trading, with monthly DEX totals surpassing $400 billion. By adding DEX access into its app, Coinbase is preparing itself to capture more of that growing market.

The post Coinbase Launches In-App DEX Trading for U.S. Users, Starting With Base-Native Tokens appeared first on Coinpedia Fintech News
Coinbase is taking another big step as an all-in-one hub for crypto. The company has added decentralized exchange (DEX) trading directly into its main app, letting most U.S. customers trade on-chain without leaving the platform. New York users are excluded for now. The feature launches with Base-native tokens and could massively expand the number of …

Max Keiser Says Wall Street’s Ethereum Obsession Poses Major Risk | US Crypto News

Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead. 

Grab a coffee to read about the intersection of Wall Street and Ethereum (ETH), at least from a Bitcoin maxi’s perspective. Institutional interest in Ethereum has been loud and aggressive over the past several weeks, with even the most diehard Bitcoiners raising eyebrows and sounding alarms.

Crypto News of the Day: Ethereum Is Reuniting Money and State, But At Everyone’s Peril

Wall Street’s growing infatuation with Ethereum has triggered sharp warnings from Bitcoin maximalists, including Max Keiser.

As major players move to accumulate vast reserves of ETH, some industry veterans fear Ethereum is stepping into a role it was never meant to play- a programmable instrument of state-backed financial control.

In a recent US Crypto News publication, Fundstrat’s Tom Lee revealed a commitment to amass 5% of the total ETH supply through BitMine.

The new institutional vehicle for Ethereum is reportedly accelerating faster than Michael Saylor’s Bitcoin strategy. BeInCrypto reported that BitMine surpassed $2.9 billion in Ethereum holdings, claiming the largest ETH treasury.

According to Bankless, a technology podcast, Wall Street and possibly the US government are backing BitMine as a vehicle for its Ethereum play. However, Max Keiser, Senior Bitcoin Advisor to El Salvador, is not impressed.

“Bitcoin’s primary use case is separating money from state. No other fiat money or crypto does that,” Keiser told BeInCrypto.

The Bitcoin pioneer articulated that BTC and other crypto treasury companies go in opposite directions in uniting money and the state.

“Investors should note this adds immeasurable risk when compared to self-custodied Bitcoin,” he noted.

Keiser alludes to Bitcoin empowering individuals to opt out of centralized control. Meanwhile, Ethereum’s adoption by Wall Street signals a return to traditional hierarchies, only this time, on-chain.

In his view, ETH-backed treasury strategies might seem novel, but they reintroduce the systemic risks crypto was designed to eliminate.

Meanwhile, Ethereum’s supporters see a different picture. To them, ETH’s programmability, alignment with regulatory trends, and growing use in real-world asset (RWA) tokenization make it a natural choice for institutions seeking compliant crypto exposure.

Still, Keiser’s critique touches on a deeper philosophical divide. Bitcoiners believe in decentralized self-sovereignty. Based on this, Ethereum’s expanding institutional ties could, in their eyes, compromise that ethos.

Chart of the Day

Ethereum Treasuries. Source: Strategic ETH Reserve
Ethereum Treasuries. Source: Strategic ETH Reserve.xyz

Byte-Sized Alpha

Here’s a summary of more US crypto news to follow today:

Crypto Equities Pre-Market Overview

Company At the Close of August 7 Pre-Market Overview
Strategy (MSTR) $402.01 $400.60 (-0.35%)
Coinbase Global (COIN) $310.79 $313.55 (+0.89%)
Galaxy Digital Holdings (GLXY) $28.09 $28.40 (+1.10%)
MARA Holdings (MARA) $15.95 $16.02 (+0.44%)
Riot Platforms (RIOT) $11.58 $11.63 (+0.43%)
Core Scientific (CORZ) $14.35 $14.49 (+0.95%)
Crypto equities market open race: Google Finance

The post Max Keiser Says Wall Street’s Ethereum Obsession Poses Major Risk | US Crypto News appeared first on BeInCrypto.

AI Coins Surge After $9 Billion CoreWeave Deal Faces Pushback

CoreWeave’s $9 billion plan to acquire Core Scientific is facing growing resistance, and crypto markets are paying attention.

The unexpected shareholder pushback has coincided with a sharp rally in AI tokens, suggesting that investors see deeper implications beyond the boardroom.

CoreWeave Builds Out AI Infrastructure

CoreWeave is one of the largest AI infrastructure providers in the United States. In June, it proposed an all-stock acquisition of Core Scientific, a Bitcoin mining firm now repositioning itself as a data center player for AI workloads.

But that plan is seeing pushback. The deal seemed to be going smoothly, until Two Seas Capital, Core Scientific’s largest shareholder, objected.

Two Seas Capital has a 6.3% stake in Core Scientific. Today, the firm announced it would vote against the deal. The firm believes the offer dramatically undervalues Core Scientific and exposes shareholders to unnecessary risk.

“We invested in Core Scientific because we believe in [its] ability to create value in building…infrastructure at scale. We are therefore disappointed that the Board of Directors has chosen to sell the Company to CoreWeave. From our perspective as a shareholder of Core Scientific, the proposed sale materially undervalues the Company and unnecessarily exposes its shareholders to substantial economic risk,” Two Seas’ statement read.

On the surface, Core Scientific has plenty of good reasons to sign this AI development deal with CoreWeave. The firm’s revenues fell dramatically in early 2025, and CoreWeave is preparing to pay $9 billion for it.

However, this offering consists of CoreWeave stock, not fiat currency.

This deal is also uncollared. So, Core Scientific shareholders like Two Seas won’t receive a share adjustment if CoreWeave’s stock price drops. Simply put, the firm needs more assurances than that.

While CoreWeave is a major player in AI cloud services—reportedly one of OpenAI’s preferred GPU providers—it faces its own vulnerabilities.

The firm heavily depends on a handful of high-profile clients, and its valuation is tethered to volatile market sentiment around AI.

Any pullback in demand, shift in regulatory environment, or funding shortfall could impact Core Scientific’s stock price.

So, Two Seas’ position is clear. It’s not rejecting the merger outright, but it wants a deal with more guarantees or a higher asking price.

But why would the crypto market care about this?

AI Tokens React as Investors Sniff Out Scarcity Narrative

Shortly after Two Seas’ letter went public, the crypto market’s AI sector surged. The total market cap of AI coins jumped over 6% in a matter of hours, according to CoinGecko data.

The market’s reaction reflects a deeper narrative. CoreWeave’s aggressive $9 billion offer and Two Seas’ firm resistance both point to the rising strategic value of data centers and power capacity in the AI era.

AI Tokens React to CoreWeave
AI Tokens React to CoreWeave. Source: CoinGecko

With centralized AI infrastructure constrained and contested, investors may be rotating into decentralized AI platforms that promise scalability without single points of failure.

In crypto, narratives drive flows. The public friction between CoreWeave and Two Seas became a narrative trigger—reinvigorating interest in the AI token space.

While this shareholder dispute may resolve through a revised deal or protracted negotiation, the message is already out that AI infrastructure is valuable, limited, and contested.

Overall, the traders should expect more capital rotation into AI-native tokens as narratives shift toward long-term infrastructure plays.

The post AI Coins Surge After $9 Billion CoreWeave Deal Faces Pushback appeared first on BeInCrypto.

Mantle (MNT) Price Rally Hits a Wall Despite Buyers In Control: Here’s What Happens Next

Mantle (MNT) rallied over 12% in just a few hours, powered by growing network activity and a surge in stablecoin liquidity. But after closing in on a key resistance zone near $1.12, the Mantle price rally seems to be cooling.

Short-term momentum is fading, and price action risks turning sideways. Still, on-chain data shows buyers aren’t done yet; at least not until one key signal flips.

Buyers Stay in Control as Net Flows Remain Negative

Despite the recent pause in MNT’s rally, net exchange flows have stayed negative since launch. That means more MNT tokens are leaving exchanges than entering, a strong sign that traders are still choosing to hold rather than sell. This trend has remained intact even after the recent +12% surge, showing that retail conviction hasn’t faded.

Mantle price and netflows
Mantle price and netflows: Coinglass

However, smart money wallets have shown signs of caution. Over the past 7 days, they dropped 1.33 million MNT, trimming holdings by 3.76%, according to Nansen.

Mantle price and smart money trimming positions:
Mantle price and smart money trimming positions: Nansen

In contrast, the top 100 addresses added 2.48 million MNT. This move suggests that larger holders are still confident despite some short-term Smart Money-led profit-taking.

This split sets the stage for consolidation. If smart money continues to trim and exchange outflows persist, we may see sideways action rather than a sharp correction. However, if profit-taking takes center stage with increased inflows, all while smart money continues to trim, a deeper dip could be on the cards.

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Mantle Price Rallies, But Momentum Flashes Caution

The Mantle (MNT) price has seen a few local tops in recent weeks, each aligning with a spike in the Williams %R oscillator, a momentum indicator that helps identify when an asset becomes overbought (reading near 0) or oversold (near -100).

On July 27, Williams %R hit around -12, indicating strong overbought conditions. The MNT price dropped sharply in the following sessions.

Mantle price analysis
Mantle price analysis: TradingView

Between August 4-5, the Mantle price rallied to above $0.94 (local top). The Williams %R formed a local top here as well. That top was lower than the one experienced on July 27. This meant that MNT entered a sideways phase shortly after, not a corrective phase.

Now, after the latest rally on August 7, Williams %R is back near the levels touched on July 27. This creates a familiar setup; similar readings have preceded sharper corrections.

Williams %R is a fast-reacting momentum indicator that spots short-term overbought or oversold levels. Unlike RSI, it responds quicker to local tops, making it ideal for tracking sudden rallies like Mantle’s.

If this pattern repeats, MNT could revisit $0.94 or $0.84 before its next major move. However, if profit-taking kicks in, and netflows flip positive (indicating tokens moving to exchanges), the pullback could be steeper. A break under $0.67 invalidates the bullish structure.

While the broader market sentiment is still bullish, these momentum shifts hint that MNT might need to cool off, at least temporarily, before making another attempt at a sustained breakout above $1.12.

The post Mantle (MNT) Price Rally Hits a Wall Despite Buyers In Control: Here’s What Happens Next appeared first on BeInCrypto.

Pi Core Team Makes Urgent Request, But GCV Supporters Face Scrutiny

The Pi Core Team issued a public call via email, encouraging Pioneers to voluntarily confront misinformation. They urged members to respond with fact-based content whenever and wherever they encounter false claims.

This call marks the team’s first public move against the many speculations and false information that have long existed in the Pi Network community.

The Fight Against Misinformation in the Pi Network Community

The Pi Network community has more than 60 million users worldwide. This scale offers advantages such as investor enthusiasm and liquidity potential.

However, it also has a downside—the uncontrolled spread of misinformation among Pioneers.

To address this, the Pi Core Team recently emailed users suggestions on countering false information. The suggestions included publishing posts, leaving corrective comments, providing information from official sources, and reporting via a designated form.

“This effort is completely voluntary and not affiliated with or sponsored by the Core Team or Pi Network. There are no promised rewards—it’s simply an opportunity to contribute to the health and understanding of the Pi ecosystem,” the Pi Core Team said in the email.

Reactions on X were mixed. Some users appreciated the initiative, saying it could improve Pioneers’ knowledge and vigilance. Others criticized it, questioning why the team did not directly identify and debunk false news.

“It was always the project’s job to provide correct information and transparency to the media people. Now they want people to do this job for them too, for free!!” Pi supporter Jatin Gupta said.

GCV Supporters in the Spotlight After Pi Core Team’s Call

Following the Pi Core Team’s announcement, leaders of the Global Consensus Value (GCV) movement unexpectedly drew attention.

The movement dismisses Pi’s exchange price and calls for consensus on valuing Pi Network at $314,159—symbolically inspired by the mathematical number Pi.

This means GCV’s implied valuation for Pi could reach $31.4 quadrillion, far exceeding the current global GDP of about $100 trillion.

GCV leaders often inspire others through offline events and posts with arguments aimed at convincing people to agree on this unrealistic high value. These arguments typically claim Pi will become a stable global cryptocurrency at the GCV level.

Some Pioneers have reported “GCV scammers” after the Pi Core Team’s announcement.

“I’m fighting the gcv cult warrior, and gcv cult global ambassadors. All leaders of gcv ambassador don’t have any idea what’s happening in Pi Network—they are all blind,” one investor said on X.

The community’s reactions show a deep divide—between those who see Pi as an investment opportunity with acknowledged risks and those who view Pi as a life-changing, almost religious mission.

The post Pi Core Team Makes Urgent Request, But GCV Supporters Face Scrutiny appeared first on BeInCrypto.

DeFi Project CrediX Allegedly Rug Pulls After $4.5 Million Hack

CrediX users suspect a rug pull after suffering a $4.5 million hack last week. Despite promising to reimburse users quickly, the firm instead shuttered its website and social media profiles.

Around $400,000 of stolen money moved onto Tornado Cash, but CrediX may not have been directly complicit. Either way, several non-custodian platforms still offer their pool tokens without warning their customers.

Another DeFi Exit Scam

In today’s world of rampant fraud and record-breaking crypto hacks, there are plenty of reasons to exercise caution. However, purported security incidents are not always what they seem.

CrediX, a crypto-based private credit platform, was allegedly hacked recently, but the community is beginning to suspect a rug pull.

Specifically, an exploit occurred on August 4, apparently allowing hackers to steal $4.5 million from CrediX. The firm promised to return customer funds within 24-48 hours, but this never happened.

Instead, CrediX’s website and social media profiles went dark, fueling speculation about an exit scam.

Where is the Money Now?

A charitable reading could suggest that CrediX is merely trying to wash its hands of a catastrophe without being complicit in an actual rug pull.

Such an act would be a complete dereliction of its responsibility to protect consumers, but it doesn’t require active participation in fraud. However, CrediX’s total silence is making criminal accusations seem more likely.

Whoever the exploiter is, they’ve shown far more activity than CrediX since the August 4 incident. Blockchain data reveals the hacker moved close to $400,000 of stolen funds using Tornado Cash. Most of the stolen money is still in private wallets, which are under close scrutiny.

Bizarrely, some non-custodian platforms continue offering CrediX tokens despite the hack and apparent rug pull. Trevee published a warning about the hack to its users, but Silo Labs and Stability DAO are acting like everything is normal.

Traders should exercise extreme caution or avoid this altogether, or they could lose money.

There isn’t a clear smoking gun that CrediX deliberately rug pulled its customers, but there are credible suspicions. Considering the firm’s deliberate lie about user reimbursement, these rumors might continue growing.

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