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Pi Network News: Analyst Says $307 Pi Price Claim in Lawsuit Has ‘Zero Basis’ in Reality A new lawsuit against Pi Network’s parent company, SocialChain Inc., is drawing attention across the crypto community. The case, filed by Arizona resident and Pi user Harro Moen, is being heard in the U.S. District Court for the Northern District of California. What the Lawsuit Claims Moen accuses SocialChain Inc., Pi Community Company, and Pi Network founders Nicolas Kokkalis and Chengdiao Fan of several violations. His complaint includes two major claims: • An unauthorized transfer of around 5,137 Pi tokens from his wallet • Financial losses based on what he describes as a price crash from $307.49 to $1.67 Moen argues that these losses amount to nearly $2 million, using a self-calculated token value of $307 per Pi. He says this number reflects the “real value” of Pi during the project’s early stages. Why the $307 Price Claim Doesn’t Add Up Crypto analysts say the lawsuit’s pricing claims are based on a misconception. Researcher Dr. Altcoin said that Pi Network’s price has never crossed $3 since centralized exchanges began listing Pi IOU pairs. The $307.49 figure, he says, is not a real Pi price. It comes from IOU markets, where exchanges listed unofficial Pi tokens despite the Pi Core Team repeatedly warning users not to buy them. These prices were speculative, unregulated, and completely separate from Pi Network’s actual ecosystem Was the Token Theft Pi Network’s Fault? Moen’s second claim involves an alleged theft of 5,137 Pi. He states the tokens were transferred without his permission. Experts say this claim also has problems. According to Dr. Altcoin, the only way someone could access a Pi wallet is by obtaining the user’s passphrase or recovery details. Without direct evidence that the Pi Core Team accessed his wallet, the accusation remains weak. Wallet breaches are far more often caused by phishing or scams, especially following Pi’s move toward open mainnet. #pi #PiNetworkMainnet
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High Volatility Expected for Shiba Inu as 1,060,000,000,000 SHIB Move to Exchanges. Blockchain analytics platform Santiment warns that Shiba Inu could experience significant volatility in the coming days amid whale activity. In its analysis today, Santiment highlights that Shiba Inu has just logged its highest number of whale-sized transactions since June 6, 2025. The accompanying data shows that Shiba Inu transactions exceeding $100,000 surged to 406 today, a sharp jump from the less than 50 count recorded on June 6. Meanwhile, Santiment notes that this spike in whale transfers coincided with a dramatic increase in SHIB tokens on exchanges. Shiba Inu Exchange Reserve Jumps By 1.06T Over the past 24 hours, Shiba Inu’s exchange reserves climbed by 1.06 trillion SHIB, representing a substantial net inflow to centralized platforms. This surge brought the total SHIB held on exchanges to 136.95 trillion. The chart reveals a clear correlation between the rise in exchange balances and the simultaneous surge in whale transactions. The pattern suggests that large holders are strategically moving funds for significant trades. Santiment suggests that this combination of heightened whale activity and rising supply on exchanges places Shiba Inu in a zone where increased volatility is likely in the coming days. Major Shift in Exchange Flows The surge in exchange net inflows marks a shift from the recent trend in which whales consistently removed large amounts of SHIB from centralized platforms. Data from Arkham Intelligence shows that more than 4.13 trillion Shiba Inu tokens recently left Coinbase for two newly created wallets. The first wallet received 2.966 trillion SHIB, while the second collected 1.173 trillion SHIB, both from the same exchange. Additionally, The Crypto Basic reported last week that another whale withdrew 169.13 billion SHIB from Coinbase, reinforcing the pattern of heavy outflows #Shibalnu #shiba
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XRP ETFs Extend Record Inflow Streak to 13 Days, Closing in on $1B Milestone U.S. spot XRP ETFs recorded a net inflow of $50.27 million on December 3, pushing their cumulative total to $874.28 million. U.S.-based spot XRP exchange-traded funds have recorded 13 consecutive days of net inflows since their launch on November 14. The funds attracted $50.27 million in new capital on Wednesday, bringing their total net inflow to $874.28 million. XRP ETFs are among the fastest-growing crypto-asset vehicles, nearing the $1 billion milestone in under a month, indicating significant acceptance in traditional finance markets. U.S.-based spot XRP exchange-traded funds continued their strong post-launch run, recording their 13th consecutive day of net inflows since opening for trade on Nov. 14. The funds attracted a net $50.27 million in new capital on Wednesday, pushing their cumulative net inflow to $874.28 million, according to SoSo data. The funds recorded a total trading volume of $31.53 million for the day. The streak establishes the XRP ETFs among the fastest-growing class of major crypto-asset vehicles. Approaching the $1 billion milestone in under a month could be interpreted as signaling significant acceptance and liquidity for the asset within traditional finance markets. The positive momentum displayed by the XRP products is a part of a continuing active crypto ETF dynamic. Spot Solana ETFs, despite some recent days of outflows, have pulled in more than $600 million since their recent launch. Also despite some recent outflow setbacks, the overwhelming success of the far older spot bitcoin and ether ETFs marches on, with the BTC funds having drawn in nearly $58 billion and the ETH vehicles $13 billion. #xrp #xrpetf
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Pi network price eyes surge on bullish divergence, whale buying spree Pi Network price is showing signs of bottoming, signaling a potential rebound as whale accumulation gains steam and the altcoin season starts. Pi Coin to benefit from whale buying and altcoin season One whale believes that the Pi Network price is a bargain after it plunged by nearly 90% from its all-time high. On-chain data shows that the investor has been actively buying the token in the past few weeks. The investor is spending thousands of dollars each day boosting his stake, which has made him the biggest holder. According to PiScan, the investor bought 441,549 coins worth $156,043 on Thursday, a day after he acquired 1.573 million coins. The accumulation has brought total holdings to 373.78 million coins, currently valued at over $132 million. Most importantly, his holdings would be worth over $1.12 billion if the coin advances and returns to its all-time high. The ongoing whale accumulation is highly contrarian, considering that Pi has plunged since its mainnet launch. It could be a sign that the investor expects the coin to rebound, potentially after an exchange listing or a token burn announcement. The other potential catalyst for the Pi Network Pi Network pi -1.03% Pi Network price is the new altcoin season. Data shows that the Altcoin Season Index jumped to 78, a move that may lift most coins. Further, the upcoming Federal Reserve interest rate cuts may lead to a risk-on sentiment that drives most altcoins higher. #pi #PiNetwork #altsesaon #PiNetworkMainnet
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State Bank to Allow Cryptocurrencies With a Limited Purchase Option The State Bank of Pakistan (SBP) has announced its decision to legalize virtual assets and introduce a central bank-backed digital currency. In a briefing to the Senate Finance Committee, chaired by Senator Saleem Mandviwalla, Deputy Governor Dr. Inayat Hussain revealed that the advisory declaring cryptocurrency illegal will be withdrawn, paving the way for a regulated framework for digital assets. Dr. Inayat Hussain stated that work is underway to develop a digital currency, which will be issued solely by the State Bank of Pakistan. The digital rupee will enable the purchase of virtual assets, providing a legal and regulated avenue for such transactions. Senator Afnanullah Khan revealed that Pakistanis have already invested around $21 billion in cryptocurrencies, underscoring the need for regulation. The proposed Virtual Asset Bill 2025 will apply nationwide, according to the Ministry of Law and Justice consultant. The bill includes provisions for establishing a Virtual Asset Regulatory Authority, which will oversee licensing, regulations, and monitoring of virtual assets. Barrister Syed Shehroze explained that virtual assets will be transferable and usable across the country, but cannot be used for purchasing goods, services, or investments outside the ecosystem. The bill introduces safeguards to protect customers and ensure secure investments. The central bank is collaborating with vendors to develop the digital currency, which will be issued to offices established in Pakistan for virtual asset transactions. A legal framework for cryptocurrency will also be developed, with regulatory advisories issued once finalized. #CryptocurrencyWealth #cryptocurreny #CryptoInPakistan
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Ethereum Faces Critical Support Level at $2,772
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ECB Prepares for Blockchain Settlement and Digital Euro Launch
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Global AI Market Projected to Reach $4.8 Trillion by 2033
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U.S. Labor Market Weakness May Lead to Further Fed Rate Cuts
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