Pi Coin’s $6B meltdown

What we’ll cover today:

🔻 Pi Coin’s $6B meltdown (and why no one wants to list it)
📥 XRP’s ETF inflows are crushing Solana’s
🔐 Coinbase stock soars despite a $400M hack + SEC heat

Pi Network Just Lost $6B… and Trust

Pi Network, run by the mysterious Pi Foundation, saw its token price crash. The project is now under fire for being too centralized.

🚨 Breaking News:
Pi Coin fell over 57% this week, wiping out $6 billion in market cap—mainly due to unlocks and centralization fears.

⚡ Wire Simplified –

• Pi Coin isn’t mined like Bitcoin or staked like Ethereum—it's 100% pre-mined and controlled by the Pi Foundation.

• 92B tokens are sitting in wallets nobody can audit, and no one knows who runs the foundation.

• More than 1.48B tokens will unlock in the next 12 months alone.

• Top exchanges like Binance and Coinbase still won’t list Pi—too many red flags.

• The crypto community is worried about one insider dumping billions of tokens.

✔️ Straight to the Point:
Investors don’t trust Pi’s setup—it’s too centralized, too opaque, and too unlock-heavy. Even exchanges are staying away.

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Wall Street Wants More XRP 📈

XRP just got a new cheerleader: a leveraged ETF (XXRP). Despite XRP’s meh price action, Wall Street money keeps flowing in.

🚨 Breaking News:
Teucrium’s 2x XRP ETF saw a record $30.4M in new inflows this week—signaling major institutional interest.

⚡ Wire Simplified –

• XXRP ETF has crossed $106M in assets just weeks after launch.

• It's doing better than Solana’s ETF (which launched earlier).

• JPMorgan predicts XRP/SOL ETFs could see $15B in inflows this year.

• SEC is expected to delay new ETF approvals in June… again.

• Polymarket traders think XRP ETFs will get the green light in 2025.

✔️ Straight to the Point:
Even as XRP price wavers, institutions are going bullish. The SEC’s decision could be the rocket fuel—or a roadblock.

Coinbase Survives a Hack, a Probe… and Still Soars 🧠

Coinbase had a wild week—got hacked, got probed by the SEC… and its stock still hit $266. (No, seriously.)

🚨 Breaking News:
Coinbase stock jumped 88% from its low, even after revealing a $400M hack and SEC investigation.

⚡ Wire Simplified –

• Hackers, with inside help, tried to ransom Coinbase for $20M. They refused.

• SEC is probing Coinbase’s past user data claims (100M users? Maybe not).

• Still, the stock soared—market thinks the damage is minimal.

• Analysts like Ark and BlackRock remain bullish on long-term crypto gains.

• Coinbase might even have insurance to cover hack damages.

✔️ Straight to the Point:
Coinbase is battle-tested. Wall Street shrugged off the chaos, betting on long-term crypto growth. Classic “bad news, good stock.”