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Bitcoin Price (BTC) Jumps Above $111,000 On Inflation Data – Bitcoin Magazine

Bitcoin price rose above $111,000 today after softer-than-expected U.S. inflation data boosted expectations of further Federal Reserve rate cuts this year.
Bitcoin price surged past $111,000 today after new U.S. inflation data showed a milder-than-expected rise in consumer prices, strengthening expectations that the Federal Reserve will move ahead with additional rate cuts this year.
The Consumer Price Index (CPI) rose 0.3% month-over-month in September, below economists’ forecasts of 0.4%, while “core” CPI — excluding food and energy — rose just 0.2%, also softer than expected. 
On a year-over-year basis, both headline and core inflation registered 3.0%, slightly below estimates.
The release, delayed 10 days by the ongoing government shutdown, was one of the few major economic reports to make it out this month. An exception was made due to a legal requirement for the Social Security Administration to publish its annual cost-of-living adjustment.
The data reaffirmed market expectations for a 25 basis point rate cut at next week’s Federal Reserve meeting and another in December, which would bring the policy rate down to a 3.75–4.00% range. 
On Polymarket, there is a 97% that of a 25 basis point cut next week. 
BREAKING: 🇺🇸 US inflation rises to 3%, lower than expectations.
That being said, White House press secretary Karoline Leavitt praised Friday’s CPI report for coming in below expectations but warned that the ongoing government shutdown could prevent the release of October’s inflation data next week
All other economic reports remain paused due to the shutdown that began October 1.
Treasury yields slipped and the dollar weakened following the release, while the Nasdaq 100 added nearly 1%. For Bitcoin, the softer CPI print provided fresh fuel for the rally that began earlier in the week, lifting the asset higher in early Friday trading. 
Bitcoin dipped around $107,000 earlier this week as analysts from VanEck and Standard Chartered maintained a bullish outlook despite recent volatility. 
Standard Chartered’s Geoffrey Kendrick predicted a brief dip below $100,000 soon amid U.S.–China tensions but saw it as a final buying opportunity before a rebound toward $200,000 by year-end. 
VanEck’s ChainCheck report described October’s 18% correction as a liquidity-driven mid-cycle reset, not a bear market. 
Analysts noted normalized leverage, strengthening macro demand, and growing institutional activity. VanEck said deleveraging cleared speculative excess, creating entry opportunities as Bitcoin’s role as an “anti–money printing” asset deepened.
Bitcoin’s current price is about 13% below its peak of roughly $126,000, reached earlier in October on October 6, 2025.
Established in 2012, Bitcoin Magazine is the oldest and most established source of trustworthy news, information and thought leadership on Bitcoin.
© BTC Media, LLC 2025

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Bitcoin price tops $110,000 as JPMorgan to allow top cryptocurrencies as collateral – dlnews.com

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Banking giant will accept Bitcoin and Ethereum collateral in loans as the asset class becomes more integrated with traditional finance.
By the end of 2025, JPMorgan Chase & Co. will allow its institutional clients to pledge their crypto holdings to secure loans, Bloomberg reported Friday. The programme will be rolled out globally and use a third party-custodian.
Bitcoin surged 2% on the news, climbing back above $110,000, while Ether jumped 3% to nearly $4,000.
The move expands on JPMorgan’s June decision to start accepting Bitcoin ETFs as collateral, particularly BlackRock’s IBIT fund.
But accepting crypto as collateral is different. It means JPMorgan believes it can manage the risk of Bitcoin and Ethereum’s volatility well enough to lend against them — even if executives remain sceptical about crypto’s long-term value.
More importantly, it signals institutional investors have been pushing JPMorgan for even more crypto products.
Still, the irony is thick.
In the past, Jamie Dimon, JPMorgan’s CEO, has famously called Bitcoin a “hyped-up fraud” and a “pet rock.” He even told Congress that “If I were the government, I’d shut it down.”
Now his bank will treat it like stocks, bonds, and gold.
Moreover, Dimon has softened his rhetoric while maintaining a degree of scepticism.
At JPMorgan’s investor conference in May, he compared Bitcoin to cigarettes: “I don’t think we should smoke, but I defend your right to smoke. I defend your right to buy Bitcoin.”
Although that’s hardly a ringing endorsement, it’s still a big step forward from calling it fraud.
JPMorgan, which manages around $4.5 trillion, isn’t alone in deepening its ties with crypto.
In fact, a plethora of big banks has also been planning to offer crypto products across the board.
Morgan Stanley aims to offer retail crypto trading through E*Trade in early 2026. State Street, Bank of New York Mellon, and Fidelity are all building custody businesses.
Most of that comes from a friendlier regulatory environment. The Trump administration ended Biden’s crypto crackdown, and Congress is advancing legislation to regulate the industry.
Pedro Solimano is DL News’ Buenos Aires-based markets correspondent. Got a tip? Email him at psolimano@dlnews.com.

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No KYC. 100x Leverage. $100 Welcome Bonus. Crypto Futures Trading Made Easy on BexBack. – GlobeNewswire

      <span class="justify-content-start">          <span class="article-published" itemprop="datePublished">              <time datetime="2025-10-24T14:00:00Z">October 24, 2025 10:00 ET</time>          </span>            <span class="article-source" style="min-width: 260px;" itemprop="sourceOrganization" itemscope itemtype="http://schema.org/Organization">              <span>&nbsp;</span>| Source:              <span>                    <a href="/en/search/organization/Bexback%2520co&#167;δ%2520LTD" itemprop="name">BexBack co., LTD</a>              </span>                  <meta itemprop="logo" url="https://ml.globenewswire.com/Resource/Download/f47f4d3f-3b6c-4732-930a-6dec4386cb9c?size=2" alt="Company Name Logo" />            </span>      </span>        <span id="pnr-global-follow-button" class="pnr-follow-button-width-height"></span>        <span itemprop="author copyrightHolder" style="display: none;">BexBack co., LTD</span>            <br><img alt="Bexback" height="321" src="https://ml.globenewswire.com/Resource/Download/732749fc-d4b9-4141-9b7c-a21b17c8474c/bexback.jpeg" width="600" /><br /><br>SINGAPORE, Oct.  24, 2025  (GLOBE NEWSWIRE) -- With Bitcoin's price fluctuating below $110,000, many analysts predict a prolonged period of high volatility in the crypto market. 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After using 100x leverage, the transaction amount is equivalent to 100 BTC.<br>One day later, if the price rises to $105,000, your profit will be (105,000 - 100,000) * 100 BTC / 100,000 = 5 BTC, a yield of up to 500%.<br><strong>With BexBack's deposit bonus</strong><br><img alt="Double the funds" height="280" src="https://ml.globenewswire.com/Resource/Download/19d846af-2c69-40e4-93ec-c6389939247b/double-the-funds.png" width="600" /><br /><br>BexBack offers a <a href="https://www.globenewswire.com/Tracker?data=Zs6V3rpTM8pW8D25jmKNPaVQvxv9Ra3MXfim1EulzZai9Xn_oF5Io5eW4reEI3YJ1XsS8ykCB-zzR9dGQAVS-tN_nKFMkDqlBllteTZd6hWo3S8P3I16tP28ujfkhxhMYCDRIigtQ6Ez-2UItHOKVn07kRZF0yB1t_G-cq-RihNPaoq83p2QcCOtgVl51v7kAEMWEdNgIfhwtvDI0cfFLA==" rel="nofollow" target="_blank" title=""><strong><u>100% deposit bonus</u></strong></a>. 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Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.<br><strong>About BexBack?</strong><br><a href="https://www.globenewswire.com/Tracker?data=D4Yp3YRhT24g7OhY-s_j7XFYnKwb6zbUVeVxd43FpzD15EWXRD4DT9o743k88NGHtAmpV3BQIXQ1f9ZA894bw1Y2V2sP2x7UcgF7XRLJdzT7GvzXGHRMrWf55IajtlhsUFlpRJ438MMSkie4kFNsSMAYR3PScQ1kpgpYDX_nXdU=" rel="nofollow" target="_blank" title=""><strong><u>BexBack</u></strong></a> is a leading cryptocurrency derivatives platform offering up to 100x leverage on futures contracts for BTC, ETH, ADA, SOL, XRP, and over 50 other digital assets. Headquartered in Singapore, the platform also operates offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. Like many top-tier exchanges, BexBack holds a U.S. MSB (Money Services Business) license and is trusted by more than 500,000 traders worldwide. 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With BexBack's <strong>100x leverage</strong> and <a href="https://www.globenewswire.com/Tracker?data=Zs6V3rpTM8pW8D25jmKNPQ2KAnq38UXcCO1HIbyumyDltt4rzDnTBEdNG3FcEQwFHLzEUumj359eh7a38NUvPAX5nztSCHkinJ0_Et8KzEqWP65VE6Glj5VV6x5y_0xT4Ut_JhjcABg5oJbq5vIVyStq1f70Uzo6dnaUeLTTOJk_zKhCweHQ_h1gGQWRHgasbgggkmDm-IytXVUoBQMLOg==" rel="nofollow" target="_blank" title=""><strong><u>100% deposit bonus</u></strong></a> and <a href="https://www.globenewswire.com/Tracker?data=w-ZLkzYARkEu2FsXqIQnDySvOWJQLwL80X2cDSA4RxFCeSJkpYB9K1QGpMpHqbxafSi0dDzRiBZvGPH1ae68PMPwlUZ0_L-gZNK-Xn_gS3juN2kQxxRDc2vEaQSAPMd3KPIF5d3CjuLGDIXsRzUgd4q_oEgAKG7Snt7uB8Xu5NL8mO1UP2LU0WNb1JmVsE-Goein6GV9er1hL5hXmhjozw==" rel="nofollow" target="_blank" title=""><strong><u>$100 bonus for new users</u></strong></a><strong>, </strong>Deposit more than 0.01 BTC or 1000 USDT and complete a transaction (opening and closing a position) within one week after registration, you can be a winner in the new bull run.<br><a href="https://www.globenewswire.com/Tracker?data=sCKK0gRGB24PjCxVODTYp6nfPXGHepnKRhhpJqli0lycuyLhjyQjvrI66aS1LNOD1_JSZGsEZy1MURXcFrV_UAIIcNv6lMi4Lp1YG4xivH7bWdZQ4n84illuKa1OXnM6wZjn0eMiATIGbh8OpFWFiztXZR5hm8nRbkR0ivEVLgzY3dIG4DYpkuWNywZdriEXV258PNA8gMs4ytb3rpSNCQ==" rel="nofollow" target="_blank" title=""><u>Sign up for BexBack using this link</u></a> — enjoy NO KYC, an instant double deposit bonus, and a $100 welcome bonus.<br><strong>Website:</strong> <a href="https://www.globenewswire.com/Tracker?data=A4oERL4wejVJYJQDWUkEGSm26DzKpNHyGMmWLCmcMEZKU1ZG_WH53jbmc-Oq7HXs8NXt-AJOR7FW56dF6z2JNqiGqd7_NFVjhldsruJgeTFZkyMjqGRJWfQwCdQV34i_j-LoU4nl99HsFY4LJwVS7W-dhHNqFv3o0sbpAwldwMQ=" rel="nofollow" target="_blank" title=""><u>www.bexback.com</u></a><br><strong>Contact:</strong> <a href="https://www.globenewswire.com/Tracker?data=jW4vSPPS4ZT9-W6__xw6dp0C-PEwXSx2LgJC8T9q-K3rH37qPPsJqnh0nyXz0Qe6W1XFRV-vqZHMHPE42BaBJCEIQVCbfGoo5-oz4QgOO2c=" rel="nofollow" target="_blank" title=""><u>business@bexback.com</u></a><br>Contact:<br />Amanda<br /><a href="https://www.globenewswire.com/Tracker?data=jW4vSPPS4ZT9-W6__xw6dp0C-PEwXSx2LgJC8T9q-K2lRaxDgUq8U8n0tn_AcKiE3VckYB85lGQBBxFM-wAId2dR8DIzgollCDjWm46zhF4=" rel="nofollow" target="_blank" title=""><u>business@bexback.com</u></a><br><em>Disclaimer: This content is provided by BexBack.</em><em> The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. 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Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.<br>Photos accompanying this announcement are available at <br><a href="https://www.globenewswire.com/Tracker?data=iHzhaZlwPSsd5S1WxOGPJ42OWVYSHcvhVsS4FdufDQo6i2pq_8EL6qj2kWKkiTDA13MJD4A2mGZhPbn4CH7c0M91o9PoS0rZcayIGXNB7A4kDZRzvJuIDO65BbUNEh5nIg1lTKwNME1KZPr3SCtJD0ExTSvIJV3XdW8Vu36ckJfRLFRGLd3AlClRao99tP36E7wl3LxkiQRiZCD7xy2LKNyY1Hzdm5IgEbSZRA276Xo6dxVxS2KjOjBOPZ_iIPRHjXYSmrsmIubuZQcoS0WA7g==" rel="nofollow" target="_blank" title="">https://www.globenewswire.com/NewsRoom/AttachmentNg/732749fc-d4b9-4141-9b7c-a21b17c8474c</a><br><a href="https://www.globenewswire.com/Tracker?data=iHzhaZlwPSsd5S1WxOGPJ42OWVYSHcvhVsS4FdufDQo6i2pq_8EL6qj2kWKkiTDApYhy6eO8ndI98HX59y69Ax8MMNfOgNVCcxl8vMBu8cKGSAPhYV8A5T9Z7LINbDaRmh88gJCwvLY6Lfp0-qa_GBYfbK6DgromaGASuyKH_AMZ4ilC5DvUPZSQrvLekvNUedlUYL8E7woBpeNhMjiGlfO-En7IpYNgckThijnihtINxOmXYRpAET_XORnG8P5yab1exidvaeksjYzZI_JMvg==" rel="nofollow" target="_blank" title="">https://www.globenewswire.com/NewsRoom/AttachmentNg/19d846af-2c69-40e4-93ec-c6389939247b</a><br><a href="https://www.globenewswire.com/Tracker?data=iHzhaZlwPSsd5S1WxOGPJ42OWVYSHcvhVsS4FdufDQo6i2pq_8EL6qj2kWKkiTDA1fKMqLm3hN4oHX-f4nbZeQrpEJqnCEOMqRUi48E4ee4rVUHBFWGa34VXCH7HuQ1ZRyr74GPkkiK-rixfArqAI6FTf_cc5MPI4NaO_pQvtj5vjFjRjZ1tqUWcGHgkbBrUFLJYY2-ARZQATbOgV1sXAV_PE1aRJI35VXpE1MTvjtD82uXD1B5YgHfhIN0UFFYvZTM45zuSROMwcVXnFY9fTw==" rel="nofollow" target="_blank" title="">https://www.globenewswire.com/NewsRoom/AttachmentNg/c2a5964d-3340-4a6c-b79e-4b68de9a146e</a><br><a href="https://www.globenewswire.com/Tracker?data=iHzhaZlwPSsd5S1WxOGPJ42OWVYSHcvhVsS4FdufDQo6i2pq_8EL6qj2kWKkiTDA2Sfqn5bkDJAKXF3lwcMzt0S9yrT_7HhlJcrvbJD3XpmumjoX-IMn5bdvICkwpbURxR-klrQdBBvlpgkD7uHFA5WgJ--DYEjRLwg_e6_vZA99i7b00fKfYEtJSwuop0b8Z0q6XZ5AOkIbtY7oZIVe92fAq53nuuX7p4s6r_p_4CDqHZ_rrIEk5_s7-pcyTjceU92guIEVXK6t3djHJFf1Gw==" rel="nofollow" target="_blank" title="">https://www.globenewswire.com/NewsRoom/AttachmentNg/b6024daa-bc22-42dc-9d46-d51f40507c02</a><br>                                                                SINGAPORE, Oct.  23, 2025  (GLOBE NEWSWIRE) -- With Bitcoin’s price recently fluctuating around $110,000, analysts predict a prolonged period of heightened volatility in the cryptocurrency market....                                                          <br>                                                              SINGAPORE, Oct.  22, 2025  (GLOBE NEWSWIRE) -- With Bitcoin&#39;s price fluctuating below $110,000, many analysts predict a prolonged period of high volatility in the crypto market. Holding spot positions...                                                          <br><br><a href="https://news.google.com/rss/articles/CBMi6gFBVV95cUxQa3lEMnQ3R3BPcUh3VVJvQTFIS21QNWFkNjlFbGlleXhPYTFtT2tvd2dGUUJKNHBnY0RBWERDZWQta2tqbDljV0R6Z3dtR1dQc3NFV3RlMTJVU2x1UlhXcnBjVHZGTVlaUWY0SXdmQ1VVM3RyZEswakpNWlRYOVBDT1g3bHphMThnWE9JVmU4ckdJb1ZkMGYybm1LeG5wVGxtbEZMaUk2cC1SdGY4bURkcWZTWEZveTBCRGJVSS1nX21sdEdEZEVBdUlPU2pxUmYwZzRyWUpEbERVYngzSnVCSWpBMTB1RFFoLXc?oc=5">source</a>
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XRP Price Remains Super ‘Sensitive’ to ‘Even Minor BTC Moves,’ Says Fox Business Expert – TipRanks

Charles Gasparino questions XRP’s 15% monthly decline versus Bitcoin’s 1% dip. Traders point to its “degree of the drop” as proof of how sharply the coin still reacts to broader market swings.
Fox Business senior correspondent Charles Gasparino has questioned why XRP’s (XRP-USD) 15% monthly decline has outpaced Bitcoin’s modest 1% dip. The move has drawn renewed attention to the altcoin’s tight correlation with the broader crypto market leader.

The comparison struck a chord with traders who noted that XRP tends to mirror Bitcoin’s direction, but often with sharper swings.
“The broader market pullback led by Bitcoin clearly dragged XRP lower,” said one trader on X. “But the degree of the drop shows how sensitive XRP remains to even minor BTC moves.”
In early October, both cryptocurrencies rallied, with Bitcoin breaking above $126,000 and XRP nearing $3. The upswing, however, quickly unraveled as traders locked in profits, triggering widespread sell-offs across altcoins. For XRP, the fallout was pronounced. Over $8.13 million in leveraged positions were liquidated within four hours during one particularly volatile session.
Delays in approving a spot XRP exchange-traded fund (ETF) have further dampened sentiment. While Bitcoin and Ethereum ETFs continue to attract heavy inflows, XRP has yet to secure the same regulatory green light. Analysts say that absence has kept institutional appetite in check.
XRP’s daily trading volume dropped nearly 20% to $3.35 billion, even as the price edged up 1.28% to $2.40 over the last 24 hours.
Despite the price weakness, data suggests growing interest in XRP’s infrastructure. The CME Group recently reported that over 567,000 XRP and Micro XRP futures contracts have been traded in the past five months, signaling increased activity among institutional investors.
Meanwhile, the XRP Ledger is on track to reach 100 million transactions, which a milestone that reflects steady network use and adoption despite the market’s turbulence.
Overall, technical analysts say XRP’s key challenge remains reclaiming the $2.50 support level, which is a zone it lost amid Bitcoin’s recent volatility. Regaining it could mark the start of a rebound toward $3.
Gasparino’s question highlights a broader frustration in the market, which is that XRP’s fortunes remain closely tethered to Bitcoin’s moves.
At the time of writing, XRP is sitting at $2.4568.
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Building Brazil’s Digital Credit Market: VERT Expands Tokenized Operations on XRPL – Ripple

Team Ripple
Brazil’s financial system is entering a new era of modernization, one powered by transparent and compliant blockchain-based infrastructure.
Just three months after launching its first on-chain structured credit platform on the XRP Ledger (XRPL) and XRPL EVM Sidechain, VERT Capital has completed its second tokenized transaction in partnership with Ripple. The new issuance expands the platform’s scope and brings a new class of regulated credit on-chain, showing that tokenization in Brazil is no longer an experiment, but an emerging market reality.
VERT’s latest operation represents Brazil’s first tokenized FIDC backed by public-pension receivables (INSS), a highly diversified, low-risk asset class tied to government pension payments. In Brazil, FIDCs are investment funds that bundle credit receivables into regulated financial products—similar to asset-backed securities—offering investors exposure to diversified income streams. Each receivable reflects a portion of monthly pension obligations owed by the federal government to retirees, providing investors with predictable, government-backed cash flows. Each receivable reflects a portion of monthly pension obligations owed by the federal government to retirees, providing investors with predictable, government-backed cash flows.
The fund currently holds more than BRL 200 million (~USD 40 million) in net assets and is expected to scale to BRL 1 billion (~USD 190 million) as institutional demand grows. The structure was developed with fintech partner BYX, which provides the analytical and technological backbone for managing pension-backed receivable portfolios. Together, the two firms plan to tokenize additional funds before year-end, further linking traditional credit origination with blockchain-based management and settlement.
Using the XRPL and its EVM Sidechain, VERT’s digital-credit platform records lifecycle events, documentation, and payments directly on-chain, enabling near-real-time auditability while complying fully with Brazilian securities regulations.
This second operation also introduces VERT Sign, a blockchain-based formalization and document-signing solution built on the XRPL EVM Sidechain. VERT Sign uses verifiable digital signatures and wallet-based execution to automate recurring receivables purchases securely, reducing manual intervention and operational risk.
“By bringing structured credit funds on-chain and automating key contractual processes, we are moving closer to a world where tokenized financial instruments are not just digital representations, but the assets themselves,” said Gabriel Braga, Director of Digital Assets at VERT. “This combination of traceability, compliance, and programmability lays the groundwork for a more efficient and supervised capital market.”
The collaboration between VERT and Ripple continues to show how public blockchain infrastructure can meet regulated-market standards. Both firms are now participating in the CVM’s LEAP program, a regulatory research initiative from Brazil’s Securities and Exchange Commission.
Through LEAP, VERT and Ripple aim to demonstrate how the XRPL’s native DEX can serve as shared infrastructure for secondary trading of crowdfunding securities, promoting interoperability between platforms, lowering supervisory costs, and enabling a more open, connected financial market.
“Brazil is proving that regulation and innovation can go hand in hand,” said Silvio Pegado, Managing Director, LATAM at Ripple. “By combining compliance-ready infrastructure with real-world use cases like VERT’s tokenized credit platform, the region is setting a global example for how on-chain finance can work in practice.”
VERT’s journey illustrates how quickly blockchain adoption can accelerate once the right foundations are in place. In less than a year, the firm has tokenized hundreds of millions of reals in structured credit, connecting institutional investors to transparent, programmable, and compliant financial instruments on-chain.
Over its nine years of operation, VERT has executed more than 390 structured-credit deals, totaling approximately BRL 104 billion issued and BRL 69 billion under management, a record that underscores how regulated finance and blockchain innovation are beginning to converge.
As Brazil advances toward a fully digital financial ecosystem, partnerships like VERT + Ripple are showing what that future looks like: open, interoperable, and built on trust.
Explore how the XRP Ledger is powering tokenization and real-world asset innovation across global markets.
Building Brazil’s Digital Credit Market: VERT Expands Tokenized Operations on XRPL
Crypto Interoperability: Why Global Regulatory Convergence is Key to Stablecoin Fungibility
Europe’s Next Growth Engine: Digital Assets and the Future of EU Competitiveness
Privacy, Scale, and the Future of Blockchain Finance
RLUSD in Africa: A New Chapter for Stablecoins and Financial Inclusion
What the UK-US Transatlantic Taskforce for Markets of the Future Means for the Crypto Industry
The Next Phase of Institutional DeFi on XRPL: Credit, Compliance, and Confidentiality
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Pi Coin Price Gains As 10 Million Tokens Exit Exchanges – BeInCrypto

Written & Edited by
Kamina Bashir
Pi Coin (PI) has recorded a modest price increase over the past 24 hours as selling pressure continues to subside. Recent data indicates that nearly 10 million PI were withdrawn from exchanges in October.
The shift comes amid Pi Network’s latest authentication update, a key milestone aimed at enhancing user verification and ecosystem security. The rollout appears to have strengthened community confidence, driving a notable outflow of tokens from exchanges.
BeInCrypto Markets data showed that over the past 24 hours, the mobile-mined cryptocurrency has seen a 0.91% uptick in value. At press time, it was trading at $0.20.
While the broader trend for PI still remains bearish, the latest uptick highlights that the altcoin is gaining modest momentum. But what’s behind this rise?
Well, PiScan data showed that over 2.6 million Pi Coins have left exchanges over the past 24 hours. Overall, in October, users withdrew nearly 10 million tokens from exchanges. As a result, centralized exchange supply dropped to 410 million, down from 420 million in September, according to BeInCrypto’s September analysis.
When coins move off exchanges, it generally means holders don’t intend to sell soon. Traders and investors usually withdraw to hold long-term, indicating rising confidence in the asset’s future price.
The change in sentiment is not without reason. It comes amid a resolution of verification challenges, leading to renewed optimism.
After repeated complaints from users, Pi Network took a major step forward in its compliance infrastructure. The project launched a new automated system process designed to review and finalize tentative Know Your Customer (KYC) cases.
In its latest blog post, the team announced that the rollout led to the full verification of over 3.36 million additional Pioneers. Out of the newly verified accounts, around 2.69 million Pioneers have already migrated to the Pi Mainnet blockchain. Furthermore, the new process made 4.76 million Tentative KYC’d Pioneers eligible for full verification.
“This large-scale system process includes complex mechanisms using advanced AI models and analyzing large datasets from liveness checks and KYC application data. It is designed to analyze Tentative KYC cases to verify both that each applicant is a real, living person and that their application passes the additional checks required to fully pass KYC,” the blog reads.
This improved approach strengthens digital compliance and energizes the Pi Network for wider engagement. While confidence in network integrity rises, risks for PI remain.
Over 121 million tokens will be unlocked in the next 30 days, increasing the chance of supply shocks. Thus, the coming weeks will reveal whether Pi Network’s compliance and accumulation sustain positive momentum or if broader headwinds will challenge price stability again.
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1 Key Insider Is Supposedly Dumping XRP. Should You Be Buying It? – The Motley Fool

A Ripple co-founder just made a big move that has some crypto investors feeling nervous.
When a crypto whale's wallet starts moving a lot of coins, the reflex is to assume someone knows something you don't — and that kind of hunch can develop into a bad feeling very quickly. Just such a situation is developing for many investors in XRP (XRP +3.97%), which, as a reminder, is issued by a company called Ripple.
On Oct. 20, a wallet linked to Ripple co-founder Chris Larsen sold around 50 million XRP worth approximately $120 million, leading many crypto watchers to fret about the implications of key insiders potentially exiting the coin. Is XRP still worth buying in light of this move, or is Larsen's sale a harbinger of hard times ahead?
Image source: Getty Images.
Explaining the sale of his tokens, Larsen publicly said that his intention is to invest the funds into Evernorth, a newly announced digital asset treasury (DAT) business that aims to go public soon, and that will buy and hold XRP at scale. In other words, what looks like him dumping his coins today is actually a strategic move that's meant to provide seed funding to a buyer of at least the same size tomorrow. Evernorth won't be the first XRP treasury company, but it will be the largest one, assuming it actually does go public.
As of now, it plans to do that via a merger with a special purpose acquisition company (SPAC), and raise more than $1 billion in the process, with a mandate to use those funds to purchase XRP on the open market. The transaction is slated to close in the first quarter of next year if everything goes according to plan. One key investor in Evernorth is the SBI Group, a Japanese conglomerate with a financial services business that has a long-running relationship with Ripple, and which engaged in a pilot program using XRP starting in 2021.
The advent of another treasury company that will buy and hold XRP is an unambiguously good thing for the crypto. The fact that Larsen chose to sell some of his holdings to fund Evernorth is thus nothing to worry about whatsoever.
This is a case study in incentives. While the optics of an insider moving coins around can (and usually does) generate some negative sentiment toward the cryptoasset in question, as transfers can be asset sales, in this case, the stated aim of the move is to help fund a vehicle that's purpose is to buy XRP and keep it for years. That program has the potential to generate net demand and constrain the float, putting upward pressure on XRP's price. Assuming Evernorth's bid to go public works out, and it executes on its treasury strategy as described, the setup here is mildly bullish for long‑term holders.
There's another favorable aspect. Evernorth, assuming it goes public with the targeted amount of funding and uses nearly all of it to buy XRP at the prevailing market price, will later be able to engage in on-chain lending, liquidity provisioning, or other yield-generating on‑chain activity. With a capital base of approximately $1 billion, it would be a substantial new player on the network.
Plus, given Evernorth's close relations with Ripple, it could act as a showcase for institutional investors in terms of the value of core chain features, such as those for regulatory compliance. Having Evernorth as a marketing example could thus help to attract more capital to the XRP Ledger — and that's beyond the influx it will bring if it succeeds in going public and allocating its fiat currency capital as it aspires to. Of course, it's also possible that the bid to take Evernorth public will fail, but that would be a surprising outcome.
So, when paired with Ripple's ongoing efforts to develop the XRP Ledger into a piece of technology that appeals to financial institutions, this coin is definitely still worth buying. However, you should keep your expectations for how Evernorth's eventual purchases will impact the XRP's price fairly low at first. Its tightening of the outstanding supply of XRP will take a while to feed through into higher prices.
Alex Carchidi has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends XRP. The Motley Fool has a disclosure policy.
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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