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Crypto exchange Bullish, backed by Peter Thiel, has filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). This filing is a significant step for the firm and the broader crypto industry, which has seen a surge in optimism following the recent signing of the GENIUS Act by President Donald
The post Just In: Peter Thiel-Backed Bullish Crypto Exchange Files for IPO with SEC appeared first on CoinGape.
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.
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.
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.
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.
Peter Schiff has once again taken aim at Bitcoin (BTC) and its biggest corporate supporter, Strategy. In a recent post on X, formerly known as Twitter, the economist warned that the “biggest regret Strategy shareholders will have is not selling.” Peter Schiff Warns Strategy Shareholders of Looming Collapse Schiff, a longtime critic of Bitcoin, suggests
The post Peter Schiff Warns MSTR Shareholders As Strategy Doubles Down On Bitcoin appeared first on CoinGape.
The post Why Is Binance’s CZ Suing Bloomberg? appeared first on Coinpedia Fintech News
Binance co-founder and former CEO Changpeng “CZ” Zhao is threatening legal action against Bloomberg over a report linking him to a stablecoin tied to U.S. President Donald Trump.
In a post on X, CZ slammed the article as a “hit piece sponsored by a competitor,” claiming it was filled with “so many factual errors” that he “doesn’t even know where to begin.” His fiery response has reignited debate over media accountability, crypto’s political ties, and the rising pressure surrounding digital finance.
4. FUD. Bloomberg just wrote another hit piece (sponsored by a competitor) containing so many factual errors I don’t even know where to begin.
Might have to sue them again for defamation. https://t.co/FevGMArHj8
— CZ
BNB (@cz_binance) July 11, 2025
The Bloomberg report claims Binance developed the original smart contract code for USD1 – a stablecoin issued by World Liberty Financial (WLF), a company reportedly tied to Trump.
It also states that over 90% of USD1 tokens remain in Binance wallets, potentially generating tens of millions of dollars in interest every year. On top of that, it alleges Zhao requested a presidential pardon shortly after a $2 billion deal involving a UAE-based fund investing in Binance.
CZ rejected all these claims, hinting that he may sue Bloomberg for defamation. He also pointed to his past legal win against the publication, when Bloomberg’s Chinese-language edition publicly apologized in July 2024 for a false 2022 article accusing Binance of running a Ponzi scheme.
This controversy comes as Trump’s crypto ambitions draw more attention from U.S. lawmakers. His ventures – like World Liberty Financial, a memecoin, and crypto-friendly campaign funding – have raised concerns across both political aisles.
Three major crypto bills are currently under review in the House, including the GENIUS Act, which aims to regulate payment stablecoins. While Democrats were initially against the bill due to Trump’s involvement, it still passed in the Senate with bipartisan support, showing how far crypto has entered the political mainstream.
This isn’t the first time CZ has clashed with the media. Back in April, he called out The Wall Street Journal over a report suggesting he agreed to testify against Tron founder Justin Sun as part of a plea deal with U.S. authorities.
“WSJ is really TRYING here,” Zhao wrote on X, sarcastically pointing out that government witnesses usually don’t serve time. He had already completed a four-month prison sentence in 2023 after pleading guilty to a felony in a U.S. settlement.
CZ even suggested WSJ journalists were paid to damage his reputation.
Zhao’s post triggered strong reactions on Crypto Twitter. Many users backed his decision to push back against Bloomberg, while crypto influencer Wendy O questioned why the outlet seems so fixated on CZ. The response reflects ongoing distrust between crypto communities and mainstream media.
As Zhao fights to clear his name and Binance navigates regulatory hurdles, the crypto industry remains a battleground of legal, political, and financial tensions.
With Trump’s crypto ventures under the microscope and Zhao’s potential lawsuit on the horizon, this saga highlights the turbulent dynamics shaping the future of digital finance.
The post Why Is Binance’s CZ Suing Bloomberg? appeared first on Coinpedia Fintech News
Binance co-founder and former CEO Changpeng “CZ” Zhao is threatening legal action against Bloomberg over a report linking him to a stablecoin tied to U.S. President Donald Trump. In a post on X, CZ slammed the article as a “hit piece sponsored by a competitor,” claiming it was filled with “so many factual errors” that …