Author: 1to90

Pi Network (PI) Price Sheds 60% After May Rally but Volatility Could Return Soon  CCN.com
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Six XRP ETF filings are due Oct. 18–25; we trace the paperwork and model flows, liquidity, and price impact.
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Six spot XRP exchange-traded funds (ETFs) await SEC approval in the US, with final deadlines for October, and they can reshape market conditions following their debut.
The regulatory backdrop underwent a significant change on Sept. 17, when the SEC approved generic listing standards for crypto-related ETFs across major exchanges.
As a result, Bloomberg senior ETF analyst Eric Balchunas noted on Sept. 29 that approvals on altcoin ETFs are not a matter of “if,” but “when.”
However, timing still depends on Washington. During the federal shutdown, the SEC is operating with a skeleton crew and does not process registration statements, pausing the launches of ETFs until funding resumes.
Once staff return, effectiveness orders can be reassessed, meaning an October approval is still plausible.
The regulatory backdrop suggests that Bitwise, 21Shares, WisdomTree, Canary Capital, CoinShares, and Grayscale will launch their XRP products on Cboe this month. Consequently, the move will restructure the XRP market.
How much money could flow is a live debate, but several guideposts exist. Market researchers suggested as much as $8 billion in first-year inflows, with CryptoQuant’s Julio Moreno estimating ETFs could absorb 1% to 4% of circulating supply.
Meanwhile, Bitget’s Jamie Elkaleh estimated the $4 billion to $8 billion range as a realistic base case.
JPMorgan’s January framework, extrapolated from Bitcoin and Ethereum penetration, projected 3% to 6% of market cap converted into inflows.
XRP traded at $3.05 as of press time, which implies roughly $5.5 billion to $11 billion in year-one net creations.
In the battle to capture capital flows in this billion-dollar market, fee competition and distribution strategies are crucial. Lower expense ratios and broad brokerage access historically correlate with stronger early flows.
Regarding investor positioning, retail investors are likely to dominate the first-year inflows if XRP is to replicate the movements of spot Bitcoin ETFs. A K33 February research highlighted that 25.4% of spot Bitcoin ETF assets under management are held by institutions.
Launch day price action demands nuance. Bitcoin’s US spot ETFs triggered a “sell the news” stretch, as BTC tumbled 7.5% on the day following the products’ launch and risked losing the $40,000 threshold.
Ethereum’s spot ETF debut saw a similar movement, with a 4.25% decline the day after its launch. In a larger timeframe, Bitcoin quickly climbed to a local top of nearly $74,000 two months later, while Ethereum continued to nosedive until early October.
However, Bitcoin’s movement occurred in a bullish environment for the entire market, while the Ethereum ETF aftermath took place during a significant correction period. As a result, it is challenging to predict XRP’s price action, although a sell-the-news event is likely to happen, considering past events.
What is almost certain to change is XRP’s market plumbing. Glassnode documented how US spot ETFs have become a structural “supply absorber” for Bitcoin and Ethereum on their weekly reports.
The exchange-traded products capture net creations that remove coins from the liquid float. When ETF demand cools, fragility rises. Conversely, when flows resume, drawdowns stabilize as supply tightens.
An XRP complex would likely replicate that cadence, with steady creations capturing inventory inside funds, shifting price discovery toward the pace of advisor and retail allocations, and reducing sensitivity to purely crypto-native liquidity cycles.
With the crypto ETF rule change in place and the paperwork live, the core question for XRP ETFs is not about a potential approval, but how the first wave of flows reshapes XRP’s market dynamics.
Gino Matos is a law school graduate and a seasoned journalist with six years of experience in the crypto industry. His expertise primarily focuses on the Brazilian blockchain ecosystem and developments in decentralized finance (DeFi).
AJ, a passionate journalist since Yemen’s 2011 Arab Spring, has honed his skills worldwide for over a decade. Specializing in financial journalism, he now focuses on crypto reporting.

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The XRP Ledger is a decentralized cryptographic ledger powered by a network of peer-to-peer servers.
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Bitwise Asset Management pioneered the first cryptocurrency index fund and is the leading provider of rules-based exposure to the cryptoasset space..
Established in 2013 by Digital Currency Group, Grayscale Investments is a trusted authority on digital currency investing and cryptocurrency asset management.
21Shares is a Swiss provider of crypto- currency exchange-traded products (ETPs).
WisdomTree is a global financial innovator, offering a well-diversified suite of exchange-traded products (ETPs), models, and solutions.
Canary Capital is a prominent investment management firm specializing in institutional cryptocurrency trading and asset management.
The CoinShares Group is a pioneer in digital asset investing.
CryptoQuant is a South Korean firm specializing in providing cryptocurrency market analytics and on-chain data to investors and industry participants.
Cboe Global Markets is a leading global exchange operator and provider of financial market solutions.
Bitget is a Seychelles-based cryptocurrency exchange platform established in 2018 that provides services for trading various digital assets.
JPMorgan Chase & Co is a global leader in financial services, offering solutions to the world’s most important corporations, governments, and institutions in more than 100 countries.
K33, formerly Arcane Crypto, is a research-led digital assets brokerage with investment services that was founded in 2018 by CEO Torbjørn Bull Jenssen.
Glassnode brings data intelligence to the blockchain and cryptocurrency space.
Eric Balchunas is an American author, ETF analyst, and Senior ETF Analyst at Bloomberg Intelligence.
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Written by
Kamina Bashir
Edited by
Harsh Notariya
Since the launch of Pi’s Open Network, the community has eagerly awaited the listing of Pi Coin (PI) on Binance, the world’s largest crypto exchange. However, these expectations have yet to materialize.
Amid this, an analyst has outlined three primary reasons behind PI’s absence from major exchanges like Binance and Coinbase.
BeInCrypto previously reported that Binance launched a community vote for PI listing. Despite receiving 86% of the votes in favor, the exchange did not list the token. 
Then, on Pi2Day, many expected an announcement regarding the listing, but once again, there was nothing. However, this may not be without reason.
In a detailed post on X, analyst Kim H. Wong highlighted why Binance or Coinbase have yet to list Pi Coin. According to him, the first obstacle is the non-open-source nature of Pi Network’s blockchain code. 
Wong emphasized that open-source code facilitates trust and technical scrutiny, a standard the Pi Network has yet to meet. The second issue is the absence of a third-party security audit. 
Major exchanges require rigorous security evaluations to protect users and comply with regulatory standards. The analyst revealed that unverified audit claims have been contradicted by ‘official disclaimers.’ Furthermore, there is no reliable documentation or source to verify that Pi Network has ever been audited.
“Third-party security audits are critical but not explicitly tied to open-source requirements. Coinbase emphasizes rigorous security reviews and often prefers audited code, while Binance focuses on technical stability and market demand. Open-source code, while not mandatory, would facilitate audits and enhance trust, but Pi Network’s closed mainnet status and lack of public audit reports suggest it may not yet meet these standards,” Wong stated.
The third reason is that Pi Network may not have formally applied for listing on these exchanges. At present, Pi Coin is available to trade on several centralized exchanges, including OKX, MEXC, Bitget, etc. However, whether the team has submitted an official application to Binance or Coinbase is uncertain.
This step is essential, as exchanges often require proactive engagement from project teams, including detailed documentation and compliance with their listing criteria. Without this, Pi Network’s path to these high-profile platforms remains blocked.
Previously, in an exclusive interview with BeInCrypto, Ray Youssef, CEO of NoOnes, also stressed that Pi Network’s mainnet’s permissioned nature and lack of transparency regarding how its tokenomics will work in an open environment are key factors that have hindered its listing on Binance.
Meanwhile, Wong added that a Binance or Coinbase listing could prove favorable for the price, which is currently just 10.7% away from returning to its all-time low.
BeInCrypto data showed that Pi Coin’s price has continuously declined for two months.
At the time of writing, it was trading at $0.45, down 3.8% over the past day. The trading activity has also slowed a bit as evidenced by the 5.8% dip in trading volume over the last 24 hours.
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‘Everything I wish I knew before my laparoscopy for endometriosis’  Women’s Health
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Redditor invested $50K in Bitcoin 12 years ago — now everyone has one question  TheStreet
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Winning numbers drawn in Thursday’s Washington Hit 5  Greenwich Time
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Winning numbers drawn in Thursday’s Texas Daily 4 Night  Greenwich Time
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Affected by the
Brightstar
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On Nov. 17, 2024, Brightstar Global Solutions Corporation, now known as Brightstar Lottery, experienced a significant data breach involving unauthorized access to certain internal corporate systems. The breach was discovered the same day, prompting immediate action to secure the affected systems and initiate a thorough investigation.
Due to the complex and unstructured nature of the compromised data, Brightstar and its partner IGT Group conducted a detailed manual review to determine the scope and specific information involved. This review concluded on Aug. 21, 2025.
The breach exposed a broad range of sensitive consumer information including names, contact information, dates of birth, government identification documents and numbers (such as driver’s license numbers, Social Security numbers and tax identifiers), financial account information and health data.
The breach was formally reported to the California Attorney General on Oct. 3, 2025.

Brightstar Global Solutions’ response

In response to the incident, Brightstar and IGT Group took immediate steps to secure their systems and launched a comprehensive investigation. The companies also reported the breach to law enforcement and have implemented additional security measures to strengthen their defenses against future attacks. Ongoing system monitoring has been put in place to detect any suspicious activity.
To support those affected, Brightstar has engaged Kroll, a global risk mitigation and response firm, to provide complimentary identity monitoring services for 24 months. These services include credit monitoring, fraud consultation and identity theft restoration. Affected individuals will receive alerts of changes to their credit data, have access to fraud specialists for guidance and, if necessary, receive assistance from licensed investigators to resolve identity theft issues.
Individuals are encouraged to remain vigilant by reviewing personal records and monitoring credit reports. Brightstar has provided detailed instructions on how to place fraud alerts or security freezes with the major credit bureaus and recommends reporting any suspected identity theft to law enforcement and the Federal Trade Commission. Additional resources and step-by-step guidance are available in the official notice, which will be accessible at the bottom of this article’s page in PDF format.
A breach notice means your personal details could be circulating far beyond the organization involved. One practical step is continuous monitoring: services such as Identity Defender (included with an ExpressVPN subscription) can automatically check dark-web markets, flag new credit-file activity, and request removal of your information from data-broker sites.
This kind of “early-warning system” can’t undo a breach, but it can help you spot misuse quickly and limit further exposure. ExpressVPN is offering 61% off, risk-free for 30 days, with ID Theft Insurance included and no extra cost for those who sign up for one or two years.
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Bitcoin is becoming more than just a digital currency. It’s becoming a financial asset that small and medium enterprises (SMEs) and startups can leverage. But let’s be honest: going all in on Bitcoin isn’t without its pitfalls. CleanSpark’s recent expansion of its Bitcoin holdings raises a few eyebrows and maybe even some alarms. So how do we navigate this jungle of opportunity and risk?
Bitcoin can be a goldmine, but it also comes with its own set of challenges.
Bitcoin’s price can swing like a pendulum. One day you’re on top of the world, and the next you’re scrambling to keep your payroll intact. It’s a rollercoaster, and not everyone has the stomach for it.
Locking up funds in Bitcoin may leave SMEs cash-strapped. This can make it tough to meet day-to-day expenses and keep the lights on.
Let’s not forget about exchanges. Holding Bitcoin on platforms that can go belly up or get hacked? No thanks. FTX was a harsh lesson for many.
Regulatory frameworks like the EU’s MiCA regulation are coming down the pike. They can be a headache, requiring companies to jump through hoops that can be both costly and operationally disruptive.
The crypto world is like the Wild West. You need rock-solid cybersecurity measures, or you risk losing everything overnight.
Regulatory hurdles can make things even more complex for firms like CleanSpark. Let’s break it down.
Regulatory scrutiny can mean added costs. Proposed AML requirements might make it hard for companies to monetize or leverage their Bitcoin holdings effectively.
As Bitcoin mining guzzles electricity, the environmental impact is becoming a concern. Companies will need to adapt to new regulations that could affect their bottom line.
CleanSpark isn’t just accumulating Bitcoin; they’re doing it smartly. Here are some strategies that SMEs can learn from.
They’re utilizing a derivatives program to manage volatility and strategically monetize their Bitcoin production. It’s a sophisticated approach that many businesses could adopt.
CleanSpark has tapped into multiple financing avenues, including Bitcoin-backed credit facilities. This gives them the flexibility to expand without losing control over their assets.
Even though CleanSpark is centralized, their operational transparency reflects the ethos of decentralized organizations. Clear communication builds trust.
Using Bitcoin-backed credit facilities to fund growth? Clever. This allows them to keep their holdings while still accessing liquidity.
To wrap it up, Bitcoin is a double-edged sword. It can offer financial gains, but aggressive accumulation can lead to risks that are tough to swallow. By learning from companies like CleanSpark, SMEs can navigate these waters more effectively. Bitcoin can be part of a solid financial strategy, but it’s not a one-size-fits-all solution.
As the crypto world evolves, businesses will have to adapt to harness the benefits while dodging the landmines.

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Shibarium faces a $4M exploit, prompting developers to implement a reimbursement plan and security upgrades to restore user trust in decentralized finance.
CleanSpark surpasses 13,000 BTC, showcasing strategic growth in Bitcoin reserves under CEO Matt Schultz. Explore its impact on the U.S. Bitcoin mining sector.
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