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Shiba Inu (SHIB) has made an impressive breakout from a seven-week downtrend as most crypto prices recovered due to alleviated geopolitical tensions. Shiba Inu price trades $0.0000117 today, June 24, with an 8% gain in 24 hours, while daily trading volumes stood at $221 million. These gains have also coincided with a 1.6 trillion SHIB
The post Shiba Inu Price Ends 7-Week Downtrend After Whales Buy 1.6 Trillion SHIB – 40% Hike Ahead? appeared first on CoinGape.
NVIDIA (NVDA) has allocated $500 billion for US AI investment, but Jim Cramer cites it as the meme stock. Surprisingly, the NVIDIA stock price failed to react to this bullish news, showcasing investors’ declining interest in the asset. Although the Trump tariff fear is persistent, experts fear Cramer’s take might be true for this AI company.
NVIDIA has announced a $500 billion investment in the US AI sector over the next four years. The GPU manufacturing company aims to strengthen the country’s AI infrastructure and reduce reliance on international supply chains.
Interestingly, this decision comes following Donald Trump’s tariff introduction on US imports. Although this is bullish news as it will create thousands of jobs in America, the investors remained less optimistic.
The NVIDIA stock price rose barely 3% with the $500 billion investment news before losing momentum. It currently trades at $110.71 and has crashed significantly with Trump’s tariff affecting the stock market.
Considering the NVDA’s performance struggle, Jim Cramer has called it a meme stock. In the recent CNBC post, Cramer revealed his top stock picks to buy but also targeted Apple, NVIDIA, and a few other companies for poor share performance.
The post mentioned that Cramer believes NVDA had become a meme before saying that he didn’t own meme stock. Again, he commented on NVIDIA’s failure to rise with the $500 billion announcement, adding that it should have broken out, but it did not as the meme crowd controls it.
Yesterday the “Chinese” stocks did quite well. They aren’t supposed to be. Yesterday Nvidia should have broken out, but it is being so seriously controlled by the meme crowd that it couldn’t rally.
NVIDIA stock had a slower start and struggled with its price performance for years before the AI industry began to boom. After that, the stock grew higher and higher, setting its prime at $149.43 at the beginning of the year.
Considering the broader picture, NVDA’s meme stock stage seems momentary, as it is struggling just like the rest of the crypto stock prices. More importantly, it has the potential to rise amid the growing demand for the artificial intelligence system.
Notably, Trump’s tariff could influence its performance negatively. Additionally, few analysts believe that the NVIDIA price crash is imminent, but the long-term bullish outlook remains persistent.
Beasides, if Jim Cramer’s Cramer index is considered, this could be a buying opportunity, where the stocks he derogate performance wells.
The post Is Jim Cramer Right About NVIDIA as Stock Price Fails to React to $500B Investment Plan? appeared first on CoinGape.
As PI Day approaches, many Pi Network users or Pioneers could lose their accumulated Pi coins.
The risk comes following widespread complaints about the inability to complete the Know Your Customer (KYC) verification process.
In a late February announcement, the Pi Network team stated that users who fail to complete KYC and migrate their balance to Mainnet within the extended grace period—ending at 8:00 AM UTC on March 14, 2025—”risk losing most of their mobile balance.”
“…the end of the Grace Period is inevitable to make sure the network can move on in its new phase without large sums of unverified and unclaimed mobile balances. Thus, this is the last chance for any Pioneer to complete the required steps to avoid forfeiting their past mobile balances,” read the announcement.
This announcement has sparked widespread frustration among Pioneers. Based on discontent shared on X (Twitter), many claim they have attempted but failed to complete KYC. Crypto enthusiast Rod Thompson called the situation the biggest con job of crypto, with up to 10,000 PI Coins on the line for him.
“The Pi Network has been earning ad revenue for every one of my daily mining sessions, but I’m going to lose over 10,000 pi coins because people I haven’t spoken to in two years haven’t done KYC. At least one of them passed away over a year ago. That’s over $10,000 due to me for my efforts,” Thompson lamented.
Thompson is not the only Pioneer questioning the fairness of the Pi Network system. Another user, S.O.H., described the situation as “mass social engineering on blockchain.” Meanwhile, others, such as Ahmady Ala, reported that despite mining Pi for six years, they have yet to be allowed to complete KYC.
In the same tone, some users have had their KYC documents pending for over two years without resolution.
“My KYC verification has been pending for 2.5 years. Even if it won’t be approved, shouldn’t there be an option to reapply?” user H. Ibrahim posed in frustration.
In addition to KYC-related frustrations, many users have reported balance inconsistencies. They claim their unverified balance keeps increasing while their transferable balance is significantly reduced.
This makes the migration process confusing, and the lack of transparency leads some to label Pi a “scam network.” Another major concern is the alleged unfair distribution of rewards.
“I mined consistently for 4 years, stayed loyal to Pi Network, brought in 39 people, and even completed KYC for 17 of them—yet I got nothing. Meanwhile, others with no referrals and irregular mining have more Pi than me. How is that fair?” another user, Mango Fan Token, stated.
Meanwhile, despite claiming a user base of 60 million, on-chain data indicates only about 11 million active users. This led to concerns over Pi Network’s actual adoption rate.
Additionally, questions about centralization have emerged. Some critics argue that the project’s control mechanisms limit the potential for a truly decentralized network. Another issue plaguing the network is the failure of many users to migrate their Pi coins to Mainnet.
BeInCrypto reported recently that Pioneers have struggled with transferring their balances, even after fulfilling all required steps. Some users, frustrated by prolonged lockup periods, have resorted to selling their PI Coin accounts on unofficial markets, raising further concerns about the platform’s credibility and long-term viability.
While criticism of the network continues to mount, Pi Coin has recently seen double-digit gains as investors gear up for Pi Day. Some analysts speculate that the surge is driven by optimism surrounding potential developments on March 14.
CoinGecko data shows that PI Coin’s price was $1.71 as of this writing, up nearly 15% in the last 24 hours. However, whether the price momentum can be sustained in the face of ongoing technical issues and community dissatisfaction remains uncertain.
The post Pi Network Pioneers Risk Losing Their PI Coins Over KYC Issues As Pi Day Approaches appeared first on BeInCrypto.
The post Chamath Palihapitiya Highlights 5 Key Trends Fueling Crypto Growth in 2025 appeared first on Coinpedia Fintech News
After Donald Trump returned to office with a pro-crypto stance, crypto deal-making has exploded in 2025. According to a well-known venture capitalist, Chamath Palihapitiya, crypto acquisitions and public listings in the U.S. have already reached $8.2 billion across 88 transactions, tripling the total value seen in all of 2024. He has also highlighted five key trends driving this rapid growth.
First, we’re seeing a wave of Bitcoin treasury moves. Companies like Twenty One Capital are following in the footsteps of MicroStrategy by turning their corporate treasuries into Bitcoin investment vehicles. Their business model is simple, buy Bitcoin, hold it, and ride the wave of crypto appreciation.
Second, traditional finance firms are making serious moves into crypto infrastructure. A major example is DTCC’s acquisition of Securrency. This deal allows Wall Street firms to offer crypto services alongside traditional assets, giving investors the best of both worlds on a single platform.
Third, institutions are stepping up their crypto game. Ripple’s purchase of Metaco shows the push to build platforms that can securely manage digital assets while meeting the strict compliance needs of big players like banks and asset managers.
Fourth, crypto exchanges are consolidating. Kraken’s $1.5 billion purchase of futures broker NinjaTrader is a major step in blending digital and traditional trading. It’s all about making it easy for users to move between Bitcoin, stocks, and more without the usual hassle.
Finally, even blockchain projects are merging. Projects like Fetch, Ocean Protocol, and SingularityNET are combining forces to speed up growth, expand their communities, and boost the power of their tokens.
However, all of these moves together are building a bridge between traditional finance and decentralized finance. If this trend continues, 2025 might be the year crypto truly becomes part of the everyday financial world.
After struggling for two months, the crypto market is finally showing some strength. The total market cap is now around $3.03 trillion. Leading the way, Bitcoin has just hit $95,000 after a long period of consolidation.
Meanwhile, Ethereum is also moving up, trading at $1,809 with a 10% gain over the week. Other altcoins like XRP, Solana, Cardano, and Dogecoin have also gone up by 8% to 15% this week.
The rapid growth of Bitcoin treasury investments, Wall Street firms entering crypto, and major mergers in crypto exchanges and blockchain projects are driving the surge in acquisitions.
Companies like Twenty One Capital are following MicroStrategy’s model by buying Bitcoin and holding it as part of their corporate treasury to ride the wave of crypto appreciation.
The post Chamath Palihapitiya Highlights 5 Key Trends Fueling Crypto Growth in 2025 appeared first on Coinpedia Fintech News
After Donald Trump returned to office with a pro-crypto stance, crypto deal-making has exploded in 2025. According to a well-known venture capitalist, Chamath Palihapitiya, crypto acquisitions and public listings in the U.S. have already reached $8.2 billion across 88 transactions, tripling the total value seen in all of 2024. He has also highlighted five key …