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

Cetus Protocol has relaunched just two weeks after a significant hack that 
compromised its concentrated liquidity market maker pools. Normal Users’ LP 
Functions to Resume Cetus Protocol, a leading decentralized exchange (DEX) and 
concentrated liquidity market maker (CLMM) on the Sui and Aptos blockchains, 
has relaunched just two weeks after a sophisticated hack severely impacted […]

Cetus Protocol Relaunches After $220M Hack, Restores Liquidity

Ever since tensions flared between Elon Musk and Donald Trump, markets have 
seesawed and social media has lit up with fiery takes on the so-called “Big 
Beautiful Bill.” The clash between the sitting U.S. president and the world’s 
wealthiest individual has also sent prediction markets into a frenzy. One 
wager, with $134,277 in action, pegs […]

Prediction Market Frenzy: Musk-Trump War Fuels Bizarre Political Wagers

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.