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$PI Pi Network News: 102M Pi Leaves exchanges While Price Dips 3% Pi Coin’s price has slipped by more than 3%, currently trading around $0.81. The token recently spiked to $1.60 before quickly pulling back — a move that stirred debate in the crypto community, with some raising concerns about manipulation. At the moment, Pi is holding a crucial support at $0.79, while resistance remains in the $0.99 to $1.20 range. The Relative Strength Index (RSI) is hovering near 52, putting the token on the edge of oversold territory — which could tempt bulls looking for a possible entry. Pi Coin is currently 72% down from its ATH of $2.98. Over 102.7 Million Pi Withdrawn from Exchange in Just 3 Days In the midst of the price dip, something big is happening under the surface. Crypto analyst Mr. Spock reported that in the past three days alone, a staggering 102,776,657.17 Pi (π) has been withdrawn from OKX, one of the world’s leading crypto exchanges. That’s over 102.7 million Pi coins, potentially worth tens of millions of dollars, now moving on-chain, live, and verified. And these aren’t small transactions — with some single withdrawals topping 70 million Pi. A New Phase for Pi Coin? Mr. Spock said that this marks a turning point for Pi Coin, which has long faced skepticism over whether it would ever achieve meaningful liquidity or utility. “While doubters watched from the sidelines, true Pioneers kept mining, building, and believing — and now, the results are beginning to show,” he said. With Pi now demonstrating large-scale withdrawals, on-chain activity, and practical blockchain functionality, it seems the project is entering a new phase of real-world traction. Call for Transparency In May 2025, Pi Network saw unusual migration activity, with 7 million Pi moved in just 24 hours across nearly 19,500 user accounts. Migrations continued overnight, hinting at increased automation. However, concerns have been raised about large transfers from the Pi liquidity reserve wallet to exchanges. While allowed under Pi’s tokenomics, these actions haven’t been clearly communicated. The community is now calling on the Pi Core Team to be more transparent and release regular reports to maintain trust as the network moves forward.

On May 21, Congressman Tom Emmer reintroduced the Blockchain Regulatory Certainty Act (BRCA), a bipartisan bill co-led with Congressman Ritchie Torres. The bill’s core principle stipulates that if crypto developers and service providers do not hold custody of consumer funds, they shouldn’t be classified as money transmitters under current regulations. The clarification aims to provide legal certainty for blockchain developers, miners, validators, and crypto wallet providers who build non-custodial services. The legislation addresses concerns that unclear regulations are pushing American crypto innovation overseas. Both congressmen emphasize that the bill protects innovation while maintaining appropriate oversight, and they have refined the framework based on previous feedback when similar language was rejected in committee. “The longer we delay this commonsense clarification, the greater the risk that this transformative technology is pushed overseas, harming American investors and innovators,” said Emmer . “If we want to keep the next generation of builders in the United States, this kind of legal clarity is essential,” said Torres, who added, “We cannot afford to let outdated or misapplied regulations drive American talent and technology overseas.” Several industry organizations have endorsed the reintroduction, including Coin Center, DeFi Education Fund, Blockchain Association, Solana Policy Institute, and Crypto Council for Innovation. Emmer originally introduced this bill in 2018, and the current version represents continued efforts to establish regulatory clarity. In related news, the Texas strategic Bitcoin reserve bill ( SB 21 ) has passed the third reading by a vote of 101 to 42 and now heads to the Governor’s desk for signature. The bill establishes the reserve as an investment vehicle, allowing the state to actively buy, sell, and manage high market cap crypto assets for financial security and economic resilience. Additionally, four new crypto-related bills were introduced in Michigan on May 21, according to Bitcoin Laws. They propose allowing the state retirement fund to invest in crypto, banning central bank digital currencies, and allowing Bitcoin mining on abandoned oil and gas wells. Arizona and New Hampshire are the only two states to have enacted crypto reserve bills. Strategic Bitcoin reserve bills are pending in 18 states, under consideration in one state, and have been rejected in five states, according to the SBR monitor.

The U.S. stock market was relatively muted on Thursday, May 22, following the narrow approval of a controversial federal budget bill in the House. The proposal, which now moves to the Senate, outlines major spending cuts and tax changes—leading to noticeable shifts in specific market sectors. Meanwhile, Bitcoin hit a fresh all-time high , fueling gains in crypto-related stocks and reviving interest in the broader digital asset market. As traditional equities waver, investors are asking one big question: Stocks or Crypto—where's the better opportunity right now? BTC/USD price in the past year - TradingView The S&P 500 closed nearly flat, dipping just under 0.1%, while the Nasdaq edged up 0.3% and the Dow slipped by a single point. The legislative focus in Washington had immediate sector-specific effects: On the positive side: While Wall Street wrestled with politics, Bitcoin ( BTC ) soared past its previous all-time high. The rally was fueled by growing optimism around U.S. crypto regulation and a shift in sentiment from institutional investors, many of whom now view digital assets as core holdings rather than speculative plays. Riding this momentum, Coinbase Global ( COIN ) stock surged by 5%, making it one of the best-performing large-cap stocks on Thursday. As the largest U.S.-based crypto exchange by volume, Coinbase is a direct beneficiary of both Bitcoin’s rally and increased market participation. COIN/USD price chart in the past month - TradingView While equities remain fundamentally sound, especially in defensive and value-oriented sectors, short-term volatility driven by political decisions and regulatory developments is keeping gains in check. In contrast, crypto markets are flashing strong bullish momentum, supported by technical breakouts and legislative clarity. Bitcoin’s new high isn’t just about hype—it’s being driven by real demand, institutional interest, and shifting global narratives. For aggressive investors seeking momentum and growth, crypto might be the more rewarding play right now. But for those preferring predictable income and reduced risk, select equities—especially those unaffected by recent legislation—remain a smart choice. The U.S. stock market was relatively muted on Thursday, May 22, following the narrow approval of a controversial federal budget bill in the House. The proposal, which now moves to the Senate, outlines major spending cuts and tax changes—leading to noticeable shifts in specific market sectors. Meanwhile, Bitcoin hit a fresh all-time high , fueling gains in crypto-related stocks and reviving interest in the broader digital asset market. As traditional equities waver, investors are asking one big question: Stocks or Crypto—where's the better opportunity right now? BTC/USD price in the past year - TradingView The S&P 500 closed nearly flat, dipping just under 0.1%, while the Nasdaq edged up 0.3% and the Dow slipped by a single point. The legislative focus in Washington had immediate sector-specific effects: On the positive side: While Wall Street wrestled with politics, Bitcoin ( BTC ) soared past its previous all-time high. The rally was fueled by growing optimism around U.S. crypto regulation and a shift in sentiment from institutional investors, many of whom now view digital assets as core holdings rather than speculative plays. Riding this momentum, Coinbase Global ( COIN ) stock surged by 5%, making it one of the best-performing large-cap stocks on Thursday. As the largest U.S.-based crypto exchange by volume, Coinbase is a direct beneficiary of both Bitcoin’s rally and increased market participation. COIN/USD price chart in the past month - TradingView While equities remain fundamentally sound, especially in defensive and value-oriented sectors, short-term volatility driven by political decisions and regulatory developments is keeping gains in check. In contrast, crypto markets are flashing strong bullish momentum, supported by technical breakouts and legislative clarity. Bitcoin’s new high isn’t just about hype—it’s being driven by real demand, institutional interest, and shifting global narratives. For aggressive investors seeking momentum and growth, crypto might be the more rewarding play right now. But for those preferring predictable income and reduced risk, select equities—especially those unaffected by recent legislation—remain a smart choice.

SMQKE, a well-known crypto researcher, believes that the result of the Ripple lawsuit may launch a new stage in global financial infrastructure. American lawyer James C. Spindler made this claim in his legal report titled “SHAQ, RIPPLE AND THE FUTURE OF CRYPTO REGULATION.” The report was prepared and released by William & Mary Law School. SMQKE stated that if Ripple won, it would give banks and asset managers a clear path to use blockchain for main financial activities. The findings reveal that Judge Analisa Torres found that a portion of Ripple’s XRP sales was not in violation of securities laws. Legal experts claim that Ripple’s initial XRP release was the same as selling shares in an unwritten corporate value. If Ripple prevailed, SMQKE expected that financial institutions could use Ripple’s results to plot the future of their core functions on blockchain systems. The researcher pointed out that having such a setup would help companies transfer money and seek funds more freely. It would also allow for tokenizing shares and combining them with payment systems in blockchain wallets. Related: SEC Website No Longer Lists Ripple Lawsuit—XRP Price Reacts A legal win could give a major boost to the adoption of automated financial processes. According to SMQKE, smart contract technology could improve the way financial services such as custody and settlement are managed. Automation would make banking processes quicker and less dependent on existing regulatory rules. Success for Ripple could spark changes that affect the whole financial industry. SMQKE revealed that the approved playbook can help other institutions issue tokens, handle capital, and enhance their payment systems using Ripple’s experience. It would help financial institutions make better use of blockchain to bring about change and innovation. The case between Ripple and the SEC is still ongoing, even after settlement talks. Ripple must pay a $50 million fine for selling XRP to institutions as agreed by the SEC. Yet, Judge Torres turned down their motion for an indicative ruling because of some problems in the procedure. Both parties now need to ask the court for another opportunity to reach a settlement. The outcome of the Ripple case may significantly reshape the financial sector. A victory for Ripple might encourage more banks to adopt blockchain technology, leading to greater efficiency and reduced regulatory costs. This shift could help financial institutions streamline operations and innovate more rapidly. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Bitget Wallet launches the second Champion program Web3 wallet Bitget Wallet announced that the second phase of the Champion program has officially started, recruiting 100 core community leaders for Chinese users to promote in-depth interaction between the platform and the user community. Successfully selected community leaders will enjoy official exclusive support, receive community incentives of up to $3,000 per month, and quarterly rewards such as MacBook Pro, iPhone 16, Switch OLED, etc. At the same time, the official will also provide VIP customer service support, brand peripheral gift packages, media resource assistance and other multiple rights. In terms of incentive mechanism, this phase plans to introduce a more diverse referral reward structure, adding a sustainable and expandable rebate incentive model on the original basis.