Andre Cronje’s Sonic token is in freefall, having erased almost $1.3 billion in market capitalization since its relaunch in January. Sonic (S) price crashed to $0.3775 on Sunday, down by over 61% from its highest point this year. This crash…

Here’s why Sonic erased $1.3 billion in value

Paolo Ardoino, CEO of Tether, posted several pictures of items priced in USDT 
in Bolivia, marking an adoption milestone for the dollar-pegged stablecoin. 
The measure comes amid a climate of unrest due to the scarcity of dollars and 
gas faced by Bolivians. USDT Used to Establish Prices in Bolivia Stablecoins 
are becoming increasingly popular in […]

Bottom-up Adoption: USDT Surges as Unit of Account in Bolivia

Pi Network members are becoming increasingly agitated after they found zero 
balances of their tokens in their wallets. They went through KYC verifications 
and switched to mainnet as directed. Related Reading: Elon Musk ‘Will Do 
Anything’ To Make XRP King, Tech Mogul Says However, numerous users find 
nothing in their accounts. The problem has caused a wave of complaints on the 
internet and a call for concrete explanations. Users Report Missing Pi 
Balances According to community reports, hundreds of posts show zero tokens 
even after following every step. Some users say they waited days. Others say 
they’ve waited weeks. All of them finished KYC and locked in their accounts on 
mainnet. Yet their wallets still read “0.00 Pi.” The lack of visible tokens 
has left many feeling shut out. Stop talking nonsense. I don&#8217;t want to hear 
it. Give me back that damn $Pi. I&#8217;ve worked hard for six years. You still 
haven&#8217;t mapped it for me until now. What&#8217;s your reason for constantly 
delaying? Mapping is the right of every pioneer. Hurry up and map it 
#Pinetwork Oh my god. pic.twitter.com/FBQiWAPtwF — HaiFeng Chen (@haifeng8283) 
June 5, 2025 Wallet Confusion Deepens Concern Based on reports, some accounts 
now link to more than one wallet address. That has users scratching their 
heads. One person found two wallets under the same profile. Another spotted 
three. It’s raising questions over how safe the system is. Users are worried 
they might lose tokens or fall into a trap. Foundation Moves 277 Million Pi 
Coins Blockchain data shows that the Pi Foundation’s wallet ending in “ODM” 
transferred 276,500,000 Pi coins recently. A withdrawal of 7,380,000 Pi by the 
same address happened today. According to on-chain records, weekly withdrawals 
of large amounts have taken place from OKX exchange. The purpose of these 
moves remains unexplained by the Pi Core Team. Community Demands Clear Answers 
Community members note it’s been three months without a detailed update from 
the project’s leaders. They want dates, explanations, and plans. Some posts 
urge the team to post a public timeline. Others demand live Q&amp;A sessions. The 
calls are loud enough to push the topic onto the trending list on social 
media. Team Issues Wallet Safety Tips Pi Network&#8217;s support channels recently 
posted a list of wallet safety tips. They discussed good practices for 
passwords and how to identify phishing. But they failed to address why tokens 
are concealed. The tips also failed to discuss the sudden emergence of 
numerous wallets per user. Related Reading: Bitcoin To Hit $180,000 In 2025? 
Analyst Highlights The Trigger What Happens Next Based on user feedback, the 
project will likely face pressure in the coming days. Some community members 
say they will pause mining until they see their balances. Others say they’ll 
shift their attention to rival projects. Nothing has been confirmed by the Pi 
Core Team beyond the safety note. It remains unclear when users will see their 
Pi tokens or receive a full breakdown of those massive transfers. The 
situation will be one to watch as the network works to rebuild trust. Featured 
image from Unsplash, chart from TradingView

Blank Pi Network Wallets Spark Outcry—What’s The Network Hiding?

This week’s crypto roundup captures a whirlwind of activity across markets and 
politics, including Elon Musk&#8217;s feud with Trump, and meme coin prices tumbled.

Trump, Musk feud; Circle IPO prices above range, Strategy upsizes offering | Weekly Recap

On Sunday, June 8, bitcoin’s price climbed past the $106,000 mark, though the 
top crypto token has barely budged over the past seven days, gaining just 
about 1%. Meanwhile, coins like ravencoin, spx6900, and internet computer have 
been stealing the spotlight with eye-catching double-digit growth. Crypto 
Market Fires Up — Double-Digit Gains Collide With Brutal […]

Bitcoin Breaks $106K as This Week’s Crypto Rollercoaster Hits Highs and Lows

Over the past few weeks, the Ethereum price has struggled to maintain its 
bullish momentum from early May. The altcoin has been stuck within a 
consolidation range, jumping between the $2,500 and $2,700 region. While the 
Ethereum price sat mostly above the $2,600 level throughout the past week, a 
market-wide downturn saw the altcoin&#8217;s value fall toward $2,400 on Friday, 
June 6. While the price of ETH has not fully recovered yet, it has at least 
managed to reclaim the $2,500 level over this weekend. Binance Realized Price 
Critical For ETH In a Quicktake post on the CryptoQuant platform, an on-chain 
analyst with the pseudonym Crazzyblockk revealed that the Ethereum price 
exhibited an interesting reaction around the $2,392 price level on Friday. The 
crypto pundit noted that this reaction is not random, as it occurred at a 
significant on-chain level — the realized price of Binance user deposit 
addresses. Related Reading: Bitcoin Sees Largest Net Taker Volume Drop Of 2025 
– Traders React To Trump-Elon Clash The relevant indicator behind this on- 
chain observation is the ETH Realized Price metric, which tracks the average 
cost basis of holders across different cohorts, including the Binance User 
Deposit Address, OKX User Deposit Address, Addresses Frequently Received From 
CEX, and Highly Active Addresses. Crazzyblockk highlighted the realized prices 
across these cohorts, with that of the Binance User Deposit Address standing 
around $2,392; OKX User Deposit Address at $2,706; Addresses Frequently 
Received from CEX at $2,532; and Highly Active Addresses with a realized price 
of $2,513. As seen during the latest dip, the $2,392 realized price represents 
a major on-chain support level, as it is the cost basis of several Binance 
user deposit addresses. &#8220;The market&#8217;s bounce from this level highlights the 
impact of Binance user behavior on ETH’s current price structure,&#8221; 
Crazzyblockk added. Crazzyblockk also noted that while $2,500 is an average 
realized price across all the highlighted cohorts, an important detail should 
not be overlooked — Binance’s influence on the general market. The crypto 
pundit explained that Binance holds the highest ETH reserves among all 
centralized exchanges and has strong dominance in ETH on-chain movement. For 
this reason, the analyst inferred that the realized price of Binance user 
deposit addresses ($2,392) is a crucial level to watch in ETH’s market 
structure. As a result, this level should be considered whenever financial 
decisions on Ethereum are about to be made. Finally, most investors would be 
in profit if Ethereum&#8217;s price stays above $2,500, thereby relieving the market 
of downward pressure, as investors are less likely to sell when in profit. On 
the flip side, a drop below $2,500 could result in a wave of unrealized losses 
for the altcoin’s holders, potentially triggering a sell-off and, 
consequently, an increase in downward pressure. Ethereum Price At A Glance As 
of this writing, the price of ETH stands at around $2,523, reflecting a 1.12% 
jump in the past 24 hours. Related Reading: Ethereum Stabilizes After Market 
Drop – Key MA Reclaim Could Trigger A June Rally Featured image from 
Unsplash, chart from TradingView