Pi Coin is currently trading at $0.63, marking a 2% decline in the last 24 hours. After reaching a local high back in February, the price has since experienced a sharp drop and now appears stuck in a sideways trading range. The key resistance level remains at $0.70, a level Pi Coin has attempted to break several times with no success. If this threshold is breached, it could open the door to further gains, potentially above $0.80.
However, the lack of clear market catalysts makes a breakout uncertain. Ongoing token unlocks—reportedly in the millions daily—are adding constant supply pressure, which has further dampened momentum. On April 22, 4.9M Pi Coin tokens are set to unlock.
Whale Activity Sparks Interest
Despite the stagnant price action, Pi Coin is seeing major whale activity. A massive $7.5 million PI, valued at $4.82 million, was just withdrawn from OKX and transferred to a private wallet. This move follows several similar transactions in recent days. In total, the whale has acquired over $48 million PI, now worth an estimated $31 million.
Such high-volume accumulation often draws market attention and can be a bullish signal, especially if institutional or large private investors are positioning ahead of expected developments.
Long-Term Outlook Shows Potential
Looking ahead, Pi Coin still holds promise. According to projections from CoinCodex, the coin is expected to trade between $0.63 and $2.16 throughout April 2025, depending on market conditions. The forecast implies a potential return on investment (ROI) of 238.31%, driven largely by growing expectations of major exchange listings and broader adoption.
The crypto market is currently facing a significant correction, with the top tokens like Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and XRP experiencing notable dips. The recent crypto price drop has left investors and analysts wondering what’s behind the market crash. Notably, today’s crypto price drop could be attributed to two main factors: President Donald Trump’s recent criticism of China on Truth Social, accusing them of breaching their trade agreement with the US, and the growing likelihood that the Federal Reserve won’t cut interest rates. Crypto Market Crash: Bitcoin & Altcoins Bleed The global crypto market has seen a severe downturn today, losing $186 billion from yesterday’s high. As of press time, the total market cap stands at $3.35 trillion, down by 3.15% over the last 24 hours. Major cryptocurrencies are in the red, with Dogecoin taking the biggest hit among the top 10. As per CoinMarketCap data, Bitcoin is… Read More at Coingape.com
Central banks around the world are actively researching, testing, and piloting central bank digital currencies (CBDCs), with several countries already rolling out digital money for public use. However, despite growing interest, day-to-day adoption among citizens remains limited.
CBDCs offer several clear advantages. They allow governments and central banks to implement monetary policies more efficiently, making processes like tax deductions and foreign investment regulations automatic. Additionally, CBDCs cut down on the costs and complexities of printing and managing physical cash.
India, widely recognized for its digital payment success with UPI, is now eyeing its next milestone with programmable digital money. The country launched its Digital Rupee pilot in December 2022, and by early 2024, it had onboarded 1.3 million users and over 300,000 merchants. The pilot uses a token-based offline model and integrates smoothly with existing digital infrastructure like UPI and Aadhaar.
Aishwary Gupta, Global Head of Payments at Polygon Labs has opened up about how different countries are learning from their CBDC experiments. “As of 2024, over 130 countries, representing 98% of global GDP, are exploring CBDCs,” Gupta said in an interview with Coinpedia. “But adoption is uneven. China’s e-CNY has over 260 million wallets and processed more than $250 billion, but its daily usage remains limited. Nigeria’s eNaira has struggled with adoption, mainly due to trust and utility gaps.”
He added that India’s early success is thanks to its strong digital infrastructure and public-private collaboration. Gupta believes CBDCs must address real-world challenges like financial inclusion and remittances while preserving privacy to gain public trust.
“Public-private partnerships, strong identity frameworks, and clear communication are key. Ultimately, trust in CBDCs is not built through issuance, but through design, transparency, and impact,” the expert said.
The Bigger Debate: Control vs. Privacy
While central banks maintain that CBDCs are meant to complement cash, not replace it, critics argue they could eventually tighten government control over monetary systems. As the world moves toward tokenized assets and decentralized technologies, concerns around privacy, surveillance, and financial freedom in a CBDC-driven economy continue to grow.
The global CBDC experiment is still in its early stages, but the conversations around trust, privacy, and the role of central banks in a digital future are only getting louder.
The post Exclusive: India’s Digital Rupee Pilot Sets Benchmark for CBDC Rollouts, Says Polygon Labs Payments Head appeared first on Coinpedia Fintech News
Central banks around the world are actively researching, testing, and piloting central bank digital currencies (CBDCs), with several countries already rolling out digital money for public use. However, despite growing interest, day-to-day adoption among citizens remains limited. CBDCs offer several clear advantages. They allow governments and central banks to implement monetary policies more efficiently, making …
Ethereum price hits 60-day peaks above $1,860 driven by institutional interest in Bitcoin, UK regulators proposed ban on DeFi loan markets highlights major risks ahead
Ethereum (ETH) Taps New 60-Day Peaks as Institutions Amplify Bitcoin Demand
Ethereum (ETH) extended its bullish momentum on Friday, surging to a fresh 60-day high above $1,865. The rally comes as institutional demand from Bitcoin ETFs reach historic-peaks.
Ethereum price action, May 2, 2025 | Source: Coingecko
Much of the upside pressure is traced to unprecedented inflows into spot Bitcoin ETFs, which recorded over $4 billion in cumulative acquisitions during nine consecutive days of buying.
This development has spread bullish tailwinds towards the broader altcoin sector, with ETH price evidently benefitting indirectly from renewed investor interest on Friday.
Further fueling sentiment, MicroStrategy announced plans to raise additional capital for Bitcoin accumulation, reinforcing market expectations for sustained institutional engagement.
While Ethereum’s own use case differs, its market value has historically responded positively to macro crypto inflows, as traders anticipate secondary momentum into Layer-1 altcoins.
UK Regulators Move to Ban Crypto Loans with Credit Cards
The UK’s Financial Conduct Authority (FCA) unveiled a proposed ban on crypto-backed lending, signaling a regulatory shift that could have deep repercussions for decentralized finance (DeFi).
The policy targets the growing practice of issuing loans against crypto assets, citing systemic risks to consumer protection and the broader financial system.
The proposal follows closed-door consultations with the Bank of England and other global financial regulators. At the heart of the crackdown is concern over under-collateralized loans and opaque decentralized credit systems. The FCA’s framework would prohibit UK-based platforms from offering loans secured by crypto assets, including stablecoins and major tokens like Bitcoin and Ether.
The draft legislation is currently open for public feedback, with a 90-day comment window preceding final parliamentary review scheduled for Q3 2025.
DeFi Crackdown Could Further Erode Ethereum’s Market Share
The FCA’s proposed ban threatens to deliver a significant blow to the DeFi ecosystem—an area where Ethereum remains the dominant platform.
As of Friday, total DeFi lending and staking value locked (TVL) reached $101.7 billion, with Ethereum accounting for $51.9 billion, or 52% of total market share. This is notably down from its 71% peak during the 2021 bull market, according to DeFiLlama.
DeFi Total Value Locked as of May 2, 2025 | Source: DeFillama
Should the UK’s ban proceed, major Ethereum-hosted protocols like Aave, Compound, and Lido may see declining user activity and capital inflow from the region. In particular, UK-based liquidity providers and institutional platforms may reduce exposure to DeFi entirely, weakening the ecosystem’s depth.
Staking rewards, which depend heavily on borrowing volume and token utility, are also at risk. Lower lending activity could compress yields, potentially triggering a cascading withdrawal effect across Ethereum’s staking protocols. In this scenario, Ethereum’s overall cryptoccurrency market share could decline further.
Ethereum Price Forecast Today: ETH Targets $1,920 as Bullish Structure Strengthens
Ethereum price is gradually carving out a bullish structure as it continues to pressed the $1,865 barrier on Friday. The ETH price action has shown resilience in recent sessions, holding firmly above the 20-day exponential moving average at $1,754—a level that has quietly become a foundation for this uptrend.
As seen below ETH candles have grown tighter near the top of their daily ranges, suggesting mounting pressure from buyers, even as broader market sentiment remains cautious.
Etheruem price forecast today
The Ethereum price forecast today points to a cautiously optimistic outlook. With the Relative Strength Index rising to 58.02, momentum is building but not yet overextended. The Parabolic SAR has shifted firmly beneath the price since late April, reinforcing the narrative that upward momentum is becoming more entrenched. Meanwhile, the Bollinger Band Percent at 140.12 indicates growing volatility, a common precursor to breakout activity when paired with narrowing consolidation.
If Ethereum can push cleanly above the 50-day EMA resistance around $1,858, bulls could find enough conviction to propel prices toward the $1,920 zone. But the structure remains vulnerable to a pullback if this momentum stalls, with $1,754 likely to act as the key support threshold where sentiment could pivot once more.
