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A new chapter in the intriguing saga of Ripple and XRP is unfolding. The ProShares Ultra XRP ETF (UXRP) is just around the corner, with its official launch scheduled for July 18. Will this historic development be a game-changer for the XRP ecosystem? ProShares UXRP ETF Launch: Details As ProShares has received the green light
The post ProShares Ultra XRP ETF (UXRP) Debuts Tomorrow: Here’s All appeared first on CoinGape.
The post Pi Network News: Users Struggle with KYC as March 14 Deadline Nears appeared first on Coinpedia Fintech News
As Pi Day is just one day away, panic is growing among Pi Network users, known as Pioneers. Many fear they could lose their Pi coins due to issues with the Know Your Customer (KYC) verification process. With the final deadline set for March 14, 2025, frustration is at an all-time high as users struggle to get verified in time.
Tap to Earn Pi Network has recently announced that any user who does not complete KYC and transfer their balance to the Mainnet by 8:00 AM UTC on March 14, 2025, will lose most of their mobile balance. The team says this is necessary to keep the network clean from unverified accounts.
However, many users say they have tried to complete KYC multiple times without success. Crypto enthusiast Rod Thompson has called this one of the biggest issues in crypto, claiming he could lose over 10,000 Pi coins because some of his referrals have not completed KYC.
He also pointed out that Pi Network profits from ads shown during daily mining, making the situation feel unfair.
Others have also shared their frustration, saying their KYC applications have been pending for over two years. Some users have no option to reapply, leaving them in limbo and raising concerns about the fairness of the system.
Aside from KYC problems, users have reported balance inconsistencies. Some claim their unverified balance continues to grow, but their transferable balance remains small. This has led to doubts about the transparency of the platform.
Another complaint is unfair reward distribution. Some long-term miners with referrals have received fewer Pi coins than others who mine irregularly, causing frustration.
Additionally, many users struggle to move their Pi coins to the Mainnet, even after completing all the steps. Due to long lock-up periods, some have even started selling their accounts on unofficial platforms, raising concerns about the project’s credibility.
Despite these issues, Pi Coin’s price has surged by nearly 7% in the past 24 hours as investors prepare for Pi Day. Some analysts believe this rise is driven by speculation about potential announcements on March 14.
However, with the final KYC deadline approaching and many users still unable to verify their accounts, the future of Pi Network remains uncertain.
The post Pi Network News: Users Struggle with KYC as March 14 Deadline Nears appeared first on Coinpedia Fintech News
As Pi Day is just one day away, panic is growing among Pi Network users, known as Pioneers. Many fear they could lose their Pi coins due to issues with the Know Your Customer (KYC) verification process. With the final deadline set for March 14, 2025, frustration is at an all-time high as users struggle …
Tesla’s Q1 2025 financial report reveals that despite missing revenue expectations, the company still holds over $951 million worth of Bitcoin.
After its initial purchase in February 2021 and the sale of 75% of its Bitcoin holdings in July 2022, Tesla currently holds approximately 11,509 BTC.
According to a filing with the US Securities and Exchange Commission (SEC) on April 22, 2025, Tesla’s Q1 revenue reached $19.34 billion. This figure falls significantly short of market expectations, which stood at $21.37 billion.
The electric vehicle segment, Tesla’s primary revenue stream, posted a 20% year-over-year decline. The main reason is a 13% drop in deliveries and a 16% reduction in production.
Despite this, Tesla’s stock price has dropped 41% since the beginning of 2025, under pressure from controversies surrounding CEO Elon Musk’s involvement in government roles and ongoing protests against the company.
A key point of interest in Tesla’s Q1 2025 financial report for the crypto community is the company’s Bitcoin holdings. As of March 31, 2025, Tesla owns 11,509 Bitcoin, valued at approximately $951 million, according to data from Bitcointreasuries.net.
Bitcoin’s 12% decline in Q1 2025 slightly reduced the value of Tesla’s BTC stash from $1.076 billion at the end of 2024. However, today, with Bitcoin prices rising 6% to $93,000, the value of Tesla’s Bitcoin holdings has again exceeded $1 billion.
New regulations by the Financial Accounting Standards Board (FASB) require companies to mark digital assets to market value each quarter, impacting Tesla’s financial reporting. Previously, this rule enabled Tesla to record a $600 million profit from Bitcoin in Q4 2024 due to market appreciation.
Thus, Tesla did not make any Bitcoin-related transactions during this quarter. This indicates the company is sticking with a HODL strategy, treating Bitcoin as part of its strategic investment portfolio. Other major firms, like Strategy and Metaplanet, are also following this long-term holding approach.
Tesla’s continued Bitcoin holding amid market volatility shows Elon Musk’s confidence in the cryptocurrency’s long-term potential. However, it also raises questions about the fate of Tesla’s BTC stash, especially as Musk is expected to reduce his focus on DOGE and shift more attention back to Tesla starting this May.
“Not stepping down, just reducing time allocation now that @DOGE is established,” Musk stated.
Tesla now stands at a critical crossroads, with Dan Ives, an analyst at Wedbush, calling it a “code red situation.” If the current scenario persists, Musk may be forced to restructure Tesla’s financial strategy, including its Bitcoin holdings.
BeInCrypto reported that the cryptocurrency market will be volatile in the short term until mid-May 2025, citing economic pressures and trade policy uncertainty. The market might stabilize in mid- to late-Q2, supported by historical trends and loose monetary policy. Strong growth is expected in Q3, driven by Bitcoin’s post-halving cycle, institutional adoption, and clearer US crypto regulations.
The post Tesla Misses Q1 Revenue Targets but Still HODLs 11,509 BTC—Now Worth $1 Billion Again appeared first on BeInCrypto.
The post TON Price Analysis Today: Key Short-Term Targets for April 2025 appeared first on Coinpedia Fintech News
The Open Network (TON) has emerged as a top contender in the highly anticipated 2025 crypto altseason. Toncoin (TON), a large-cap altcoin with a fully diluted valuation of about $16 billion and a 24-hour average trading volume of around $114 million, has experienced low bearish sentiment in the recent past, signaling a potential momentum shift.
The vast integration of the TON ecosystem with the Telegram messaging platform has helped attract new customers. Furthermore, TON price has depicted extremely small price correlation with Bitcoin (BTC) price action, thus acting as a reliable alternative altcoin.
Most importantly, only 20 percent of TON coin holders are currently in profit signaling a high chance of bullish sentiment ahead.
YTD, TON price has been trapped in a falling logarithmic trend, but the bottom has likely happened. In the daily timeframe, TON price has been forming a potential reversal pattern, characterized by double bottom coupled by a rising divergence of the Relative Strength Index (RSI).
Additionally, the daily MACD indicator has signaled bullish sentiment, especially after crossing above the zero line again.
In case of further bullish sentiment, TON price is well positioned to rally towards the next liquidity range between $4.6 and $7.2. However, TON price must consistently close above the daily logarithmic trend to invalidate further market correction.
The Open Network has grown to a robust blockchain ecosystem with more than 400 node validators who have over 700k staked assets. As of this writing the TON network had a total value locked of about $138 million and a stablecoins market cap of about $1 billion.
The TON network is expected to grow exponentially in the coming months, backed by top-tier web3 venture capitals and global liquidity expansion.
The post TON Price Analysis Today: Key Short-Term Targets for April 2025 appeared first on Coinpedia Fintech News
The significant cash inflows to the TON network from institutional investors will bolster bullish sentiment. The TON/USD pair has not yet broken out of crucial resistance levels to kickstart a fresh bull rally. The Open Network (TON) has emerged as a top contender in the highly anticipated 2025 crypto altseason. Toncoin (TON), a large-cap altcoin …