Pi Network Suspension: Banxa Pulls Back on Pi Coin as Binance Listing Criteria Offer a Glimmer of Hope

Monicah W

Pi Network News Today

The post Pi Network Suspension: Banxa Pulls Back on Pi Coin as Binance Listing Criteria Offer a Glimmer of Hope appeared first on Coinpedia Fintech News

After hitting a record low earlier this month, Pi has been trading between $0.60 and $0.65. While price volatility has settled, there’s still no sign of a strong recovery.

Adding to the frustration, crypto payment platform Banxa has reportedly paused Pi transactions, likely due to pending Know Your Business (KYB) approval. Banxa previously purchased millions of Pi at low prices and may return once approval is granted and Pi’s price improves.

Meanwhile, it’s been over two months since Pi Network won Binance’s community vote by a wide margin, yet the token remains unlisted. Hope sparked again on April 25, when Binance released new listing guidelines, prompting fresh speculation.

Binance’s new evaluation framework stresses strong fundamentals, adoption metrics, tokenomics, team credibility, and compliance. For projects like Pi, which already have a circulating token, special attention is given to trading volume, liquidity, and market performance.

However, major challenges remain. Pi is not yet operating on any of the four blockchains currently supported by Binance (BNB Chain, Solana, Base, and Ethereum). Without integration into a supported chain or a clear timeline for expansion, Pi’s path to a Binance listing remains uncertain.

Pi Coin Price Prediction?

Pi is currently trading in a tight range, with price compressing inside a wedge pattern. Key resistance is at $0.65, and a confirmed breakout above $0.65—especially with strong volume—could spark a sharp rally. However, if the price fails to break above this level, it may fall back to test support around $0.60.

Crypto analyst Dr Altcoin said, “Pi is doing well! I am fairly confident that the price pumping of Pi might start during the Consensus Summit (May 14–16, 2025) rather than at the end of August when Pi unlocking significantly reduces.”

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Peter Schiff Predicts Gold Will Soar As Fed Cuts Rates, Will Bitcoin Price Follow?

Peter Schiff Predicts Gold Will Soar As Fed Cuts Rates, Will Bitcoin Price Follow?

Current market data shows that the price of Gold has surged to new highs amid rising economic concerns. Crypto critic and Economist Peter Schiff believes it could climb even further as the Presidency pressures the U.S. Federal Reserve to cut interest rates. Meanwhile, Bitcoin continues rising quietly, though its future remains uncertain.

Peter Schiff Shares Big Take on Gold

According to his latest X post, Peter Schiff, a long-time gold proponent and critic of cryptocurrencies, has once again voiced his confidence in the precious metal as a hedge against inflation. 

Peter Schiff pointed to gold’s recent surge and said the metal could rise further if the Federal Reserve lowers interest rates. This view comes as the U.S. dollar index (DXY) drops to a three-year low, as the U.S.-China trade war raises fears about economic stability.

Schiff believes gold’s physical nature, limited supply, and long-standing value make it a dependable shield against inflation. He also referenced the Trump administration’s ongoing push for a tariff shift on mineral imports, which he believes could increase gold demand.

In contrast, Schiff remains critical of Bitcoin. In an earlier update, Peter Schiff slammed Trump’s BTC reserve plan following a 12% drop in the coin’s value.

According to him, BTC is a speculative asset, not a real store of value. He noted that while gold’s annual price volatility usually stays within 10–20%, Bitcoin often fluctuates by over 50%. To Peter Schiff, Bitcoin is too unstable to be a safe hedge.

Gold Sees Rally as Investors Flee Risk

Gold rose 2% in a single day to cross $3,400 on April 21, a record high. The gain is linked to the weakening U.S. dollar and concerns over rising global trade disputes. 

Investors are turning to gold, worried about inflation and the broader health of the global economy. Per market speculation, if the dollar continues to slide and trade disputes worsen, gold could cross $3,500 by mid-year. 

With investors withdrawing from riskier assets, gold’s image as a safe and stable investment option grows even stronger.

Bitcoin Emerges With Gains Despite Expert Uncertainty

CoinMarketCap data shows that Bitcoin was trading at $86,882.25, up by 2.76%. At its peak during trading hours, the BTC price reached its highest point in a month. While some see this as a sign that Bitcoin may follow gold’s upward trend, others are unconvinced. 

On the positive side, renowned author Robert Kiyosaki believes BTC could reach $180,000 to $200,000 this year, citing economic uncertainty and the coin’s fixed supply. 

In line with this update, Michael Saylor’s MicroStrategy purchased 6,556 BTC for $555 million, and the MSTR stock has rebounded following the announcement. The current market outlook is strengthening many people’s belief that Bitcoin is a viable hedge against inflation, in contrast to Peter Schiff’s opinion.

The post Peter Schiff Predicts Gold Will Soar As Fed Cuts Rates, Will Bitcoin Price Follow? appeared first on CoinGape.

U.S. House Overturns IRS DeFi Rule: Trump’s First Crypto Law Ahead?

Deribit Exits Russian Market Amid EU Sanctions: What It Means for Crypto Traders

The post U.S. House Overturns IRS DeFi Rule: Trump’s First Crypto Law Ahead? appeared first on Coinpedia Fintech News

U.S. lawmakers voted to cancel an IRS rule that required crypto companies, including DeFi platforms, to collect and report taxpayer and transaction information. The House passed the vote 292-132, following the Senate’s decision to reject the rule that was finalized during the final days of former President Biden’s administration. This could change how crypto businesses are regulated.

Fox Business Journalist Eleanor Terrett noted that due to a rule that budget-related bills must start in the House, the Senate will need to vote on the resolution one more time. Once that vote passes, it will go to President Trump’s desk as the first crypto-related bill to become law.

Missouri Republican Jason Smith urged lawmakers to support the resolution, saying the IRS rule could hurt U.S. businesses and stifle innovation. He added that the rule might be impossible to enforce, as DeFi platforms are different from centralized crypto exchanges or banks and cannot gather the required user information to comply with the rule. 

Last week, 70 Senators voted to overturn the IRS rule, with Trump’s advisers urging him to sign it. Rep. Jason Smith (R-Mo.) noted the Senate must approve it again due to budget rules. If signed, the IRS would be blocked from enforcing similar rules in the future.

Illinois Democrat Danny Davis argued the rule was part of the 2021 Infrastructure Act, comparing crypto to stocks and saying crypto platforms should report like stock brokers. Meanwhile, North Carolina Republican Tim Moore claimed the rule overstepped and could harm U.S. innovation in digital assets.

Texas Democrat Lloyd Doggett called the resolution “special interest legislation,” saying that it could help tax cheats, criminals, and terrorist financiers, and add $4 billion to the national debt, going against President Trump’s goal to cut the debt.

The post U.S. House Overturns IRS DeFi Rule: Trump’s First Crypto Law Ahead? appeared first on Coinpedia Fintech News
U.S. lawmakers voted to cancel an IRS rule that required crypto companies, including DeFi platforms, to collect and report taxpayer and transaction information. The House passed the vote 292-132, following the Senate’s decision to reject the rule that was finalized during the final days of former President Biden’s administration. This could change how crypto businesses …

Ripple’s RLUSD Can Be Frozen to Comply with GENIUS Act, Confirms CTO

Ripple’s Chief Technology Officer, David Schwartz, has confirmed that the Ripple USD (RLUSD) stablecoin can be temporarily halted or reversed to comply with legal or regulatory requirements.

Schwartz’s statement comes after Senator Bill Hagerty updated the GENIUS Act. The bill requires stablecoin issuers to implement technology that allows freezing, seizing, or stopping transfers when legally mandated.

Ripple Technology Enables Freezing of RLUSD Stablecoin

The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act was introduced on February 4. On March 10, Senator Hagerty unveiled an amended version of the bill, which included several key changes. The bill,

“Requires the permitted payment stablecoin issuer to seize, freeze, burn, or prevent the transfer of payment stablecoins issued by the permitted payment stablecoin issuer.”

Attorney Jeremy Hogan took to social media platform X (formerly Twitter) to question the bill’s practical implications. He particularly stressed the technological capabilities required for stablecoin issuers to implement the proposed rule.

“So, can Ripple or Circle actually freeze RLUSD or USDC once it’s transferred? I didn’t think that was possible for either,” Hogan posted.

In response, Schwartz confirmed that this is indeed possible. 

“RLUSD can be frozen or clawed back,” he answered. 

Schwartz clarified that this functionality is essential to ensure that the balances on the ledger remain aligned with the legal obligations of the issuer. Since off-ledger events, like court orders, can change or nullify those obligations, it’s important for issuers to have the ability to update the ledger as needed.

It should be noted that in January, the XRP Ledger (XRPL) activated the clawback amendment. This followed a 90% vote from its community. 

This change allows token issuers to retrieve tokens from wallets that have been deposited into Automated Market Maker (AMM) pools. This, in turn, helps maintain adherence to regulatory requirements. Given that RLUSD is natively issued on both the XRP Ledger and Ethereum (ETH) blockchains, the clawback functionality applies to it as well.

The bill also stipulates federal oversight for stablecoin issuers with market values exceeding $10 billion. At present, only Tether (USDT) and USD Coin (USDC) meet this threshold. 

Meanwhile, RLUSD is a relatively new stablecoin. Ripple launched it on December 17, 2024. In addition, BeInCrypto data shows that it currently has a market capitalization of 135.1 million.

Therefore, as per the act, it will remain under state regulation. However, the state should also follow a framework comparable to federal standards.

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