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  • Pi Network Price Analysis 2025 – Understanding the Decline and What’s Next

    Pi Network Price Analysis 2025 – Understanding the Decline and What’s Next


    Pi Network, backed by millions and hyped as the next big thing, now finds itself in turbulent waters.

    A plunging price and Binance’s refusal to include it in a listing campaign have left its future hanging by a thread.

    Pi Network 价格: Investor Sentiment Wanes

    The exclusion from Binance’s listing plans has impacted Pi Network’s appeal to investors. The Chaikin Money Flow (CMF) indicator, which measures the flow of capital into and out of the project, has hit its lowest point since Pi Network’s inception. This indicates an all-time high in outflows.

    Such a marked decline in sentiment underscores Pi Network’s difficulty in retaining its user base and financial backing. With confidence faltering, there’s a risk of further money withdrawals, which creates additional downward pressure on Pi’s price.

    (Pi Network)

    At the time of writing, Pi Network is trading at approximately $1. This figure marks a 44% drop over the past ten days. Despite attempts to hold the line at this price point, the ongoing outflows and broader market conditions suggest tough times ahead.

    If selling pressure persists, Pi could breach the $0.92 support level. A breakdown there could result in further declines, possibly to $0.76. On the flip, reclaiming $1.19 as support could spark recovery efforts.

    Macro Momentum and Market Indicators for Pi Crypto

    Interestingly, some indicators reveal signs of hope for Pi Crypto. The Relative Strength Index (RSI) for Pi Network bounced after dipping into oversold territory earlier in the week. This often suggests a potential price reversal, though it remains unclear if Pi Network can capitalize on the opportunity.

    Pi Network’s struggles are magnified by the rise of Remittix (RTX), a presale token gaining traction for its practical use in cross-border payments and crypto-to-fiat solutions. Unlike its more speculative counterparts, Remittix has delivered results, raising over $13 million and selling 66% of its tokens. Its focus on financial inclusion and fast transactions positions it as a viable rival.

    Can Pi Network Stage a Comeback?

    Pi Network’s promise of mobile-friendly mining is what sent the coin into the stratosphere this year, but trust is fading. Repeated mainnet delays, limited token functions, and struggles with major exchanges like Binance aren’t a good look. Press “X” to doubt.

    To regain momentum, the project needs transparency, a functional mainnet, and tier-1 exchange listings. Without these moves, investors may lean toward projects like Remittix, which offer clearer plans and proven utility.

    EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress

    Join The 99Bitcoins News Discord Here For The Latest Market Updates

    Key Takeaways

    • Pi Network 价格, backed by millions and hyped as the next big thing, now finds itself in turbulent waters.
    • The exclusion from Binance’s listing plans has impacted Pi Network’s appeal to investors.
    • Without cleary defined victories, investors may lean toward projects like Remittix, which offer clearer plans and proven utility.

    The post Pi Network Price Analysis 2025 – Understanding the Decline and What’s Next appeared first on 99Bitcoins.





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  • Australia Proposes New Crypto Framework And Pledges Action On Debanking


    Australia’s Labor-led government has unveiled a new regulatory framework aimed at bringing crypto exchanges and related services under the country’s existing financial services laws.

    The announcement, made by the Treasury Department on 21 March 2025. It marks a significant step toward formalizing oversight of the digital asset industry ahead of a potentially tight federal election expected by 17 May 2025.

    Under the proposal, crypto exchanges, custodians, and select brokerage firms involved in trading or storing digital assets will be required to obtain an Australian Financial Services Licence. They will also have to comply with capital requirements and customer asset protection rules, aligning them with traditional financial institutions.

    EXPLORE: 10 Best AI Crypto Coins to Invest in 2025

    Australia’s Crypto Framework Builds On 2022 Consultations For Tailored Regulation

    The initiative stems from a series of consultations launched by the government in August 2022. It is designed to create a tailored regulatory environment for digital assets.

    However, the framework won’t apply universally. Smaller platforms that fall below certain size thresholds, as well as blockchain developers and token creators whose assets aren’t considered financial products, will be exempt.

    The proposed rules also address stablecoins. Those used for payments will fall under the government’s Payments Licensing Reforms as stored-value facilities, while others—such as some stablecoins and wrapped tokens—will not be subject to the same treatment.

    The Treasury clarified that secondary market trading in exempt tokens will not classify platforms as regulated markets.

    In a broader commitment to addressing challenges within the sector, Prime Minister Anthony Albanese’s government also pledged to collaborate with Australia’s four major banks to investigate the scope and impact of debanking, a trend where crypto-related businesses lose access to banking services.

    Looking ahead, the government plans to introduce an Enhanced Regulatory Sandbox in 2025 to allow startups to test new financial products without full licensing. A review into a central bank digital currency (CBDC) is also on the agenda.

    While the Labor government aims to open public consultation on the draft legislation, the upcoming federal election could shift priorities. The opposition Coalition, led by Peter Dutton, has also promised to prioritize crypto regulation if it takes office.

    A recent YouGov poll showed the two parties in a tight race, leaving the future of crypto legislation potentially in flux.

    EXPLORE: 10 Coins with High Returns: Crypto Forecast 2025

    AFP Launches Global Probe as Binance Impersonation Scams Target Australian Crypto Investors

    Australian cryptocurrency investors are facing mounting financial losses due to a surge in sophisticated scams, many of which involve fraudsters impersonating Binance, one of the world’s largest crypto exchanges.

    The Australian Federal Police (AFP) confirmed on 20 March 2025, that it has launched a global investigation into these schemes, which are becoming increasingly difficult to detect.

    According to the AFP, scammers have been contacting victims via SMS, falsely claiming to represent Binance. The messages often create a false sense of urgency, warning recipients of supposed unauthorized access to their crypto accounts.

    These fraudulent texts typically contain fake verification codes and a support phone number. When victims call the number, they are instructed to move their assets to a so-called “trust wallet” for security purposes.

    In reality, the wallet is under the scammers’ control, and once the transfer is made, the victims lose access to their funds.

    EXPLORE: Best New Cryptocurrencies to Invest in 2025

    Key Takeaways

    • Australia has proposed a new regulatory framework requiring crypto exchanges and custodians to obtain financial services licenses.
    • The framework exempts smaller platforms and non-financial blockchain developers.
    • The Labor government also pledged to address debanking and plans to launch a regulatory sandbox in 2025.

    The post Australia Proposes New Crypto Framework And Pledges Action On Debanking appeared first on 99Bitcoins.





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  • South Korea Cracks Down On KuCoin And BitMex Among Other Crypto Exchanges

    South Korea Cracks Down On KuCoin And BitMex Among Other Crypto Exchanges


    The Financial Intelligence Unit (FIU) of South Korea, which falls under the Financial Services Commission (FSC), has initiated enforcement action against several cryptocurrency exchanges, including KuCoin and BitMex, for operating in the country without registering as a Virtual Asset Services Provider (VASPs) under South Korea’s Specific Financial Information Act.

    According to local media reports published on 21 March 2025, the South Korean authorities are considering sanctions such as blocking access to all crypto exchanges not registered as VASPs, in collaboration with the Korea Communication Standards Commission (KCSC).

    Other crypto exchanges accused of violating South Korean anti-money laundering (AML) and financial regulations include CoinW, Bitunix, and KCEX. Authorities have accused all exchanges listed here of operating without necessary approvals and adherence to the country’s compliance processes by offering marketing and customer support to South Korean investors.

    Crypto companies involved in storage, brokerage, crypto sales, and management are mandated to report to the FIU. Non-compliance renders the company’s activities illegal and exposes it to criminal prosecution, penalties, and administrative sanctions.

    This regulatory correction in South Korea, however, reflects a broader global trend. As the crypto market is maturing, regulators worldwide are imposing stricter rules and guidelines to maintain transparency, security, and compliance.

    Explore: Best High-Risk, High–Reward Cryptos to Buy in March 2025

    Investigators Are Also Examining Homegrown Exchanges In South Korea

    While investigations into the international exchanges are ongoing, homegrown exchanges in South Korea are also facing the heat over suspicions of financial misconduct.

    Just yesterday, South Korean authorities raided the crypto exchange Bithumb over suspicions of its former CEO embezzling company funds to purchase an apartment.

    Suspicions arose when it was revealed that Bithumb gave 3 billion Korean won (over $2 million) to former CEO Kim Dae-sik, who now works for the exchange as an advisor. The exchange countered that Kim had already taken a loan to repay the funds.

    Crackdowns in South Korea against crypto exchanges for violating its rules are not a new phenomenon. Back in 2022, the FIU had requested the KCSC to block 16 unregistered crypto exchanges, including KuCoin, MEXC, and Poloniex, which resulted in many crypto exchanges suspending their operations in South Korea.

    Last February, the FIU stated that South Korea had only 31 registered crypto firms, down from 42 in 2024. They delisted GDAC, ProBit, Huobi Korea, and Bitrade among the companies.

    South Korea had recently announced plans to implement stronger AML rules, in line with their regulatory revamp focused on preventing financial crimes.

    Furthermore, the authorities are also exploring other aspects of blockchain technology. The Bank of Korea recently announced its upcoming CBDC pilot project set to launch in April this year, which will tentatively last for three months.

    Explore: Top Solana Meme Coins to Buy in March 2025

    Key Takeaways

    • South Korea is cracking down on unregistered crypto exchanges like BitMEX and KuCoin among others.
    • South Korean authorities are considering blocking access to all crypto exchanges not registered as VASPs.
    • Authorities raided Bithumb over suspicions of its former CEO embezzling company funds to purchase an apartment.

    The post South Korea Cracks Down On KuCoin And BitMex Among Other Crypto Exchanges appeared first on 99Bitcoins.





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  • Why is Crypto Going Up Today and The Importance of Seed Journals

    Why is Crypto Going Up Today and The Importance of Seed Journals


    Why is crypto up today? Renewed bullish sentiment swept through Bitcoin options market following the Federal Reserve’s latest meeting. The Fed reaffirmed its stance on two rate cuts, with Jerome Powell brushing off tariff concerns as fleeting. 

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    We’re so early into crypto that if this is a baseball game, we haven’t even reached the first inning. Crypto technology remains frustratingly obscure, and nowhere is this more obvious than with crypto wallets. They’re clunky, confusing, and demand better solutions.

    Enter seed journals—a vital yet complicated tool for navigating this chaos.

    Why Crypto Wallets Still Suck

    Crypto wallets operate like relics from the Stone Age. You create one, and you’re handed a string of 12 to 24 random words called a seed phrase. This sequence is your lifeline to recover access, but its clunky design only underscores how far the tech still needs to go.

    These words are created by the wallet automatically and can, hence, prove troublesome to remember, as there is no logic/reference to the words in the seed phrase.

    The fix for crypto’s most embarrassing problem has been around for ages: seed journals. If you want to avoid becoming a cautionary tale of forgotten keys and locked wallets, you should start one now.

    This is Why Storing Seed Phrases is So Important

    Your seed phrase is the master key to your crypto wallet. No one else should have it, yet losing it means losing everything. Without it, a lost or deleted wallet spells permanent disaster for your funds.

    We do what Quentin Tarantino does before he writes a movie. He famously said he buys a journal and says to himself “I’m going to write Kill Bill in this thing.” Do the same with your seed phrase.

    CRYO Crypto Seed Phrase Storage Waterproof Notebook - Bitcoin Recovery Phrase Backup Password Keeper - Crypto Cold Storage Wallet Backup Journal - ...
    (Amazon)

    It doesn’t need to be a fancy notebook, but instead of just taking screenshots and accidentally deleting them or writing your phrase on a random sheet of scrap paper – take five minutes to compile a journal. Some crazy investors even etch their phrases into metal!

    Final Thoughts

    Seed phrases don’t seem like much, but they could save thousands of dollars – or even millions – if you get locked out of your wallet. It doesn’t happen often, but it does happen. 

    Simply taking five minutes to buy a $2 notebook can save your life. 

    As soon as you finish this article, head over to your nearest Walmart/Target/Dollar Store and pick up a notebook. You’re welcome in advance!

    DISCOVER: Best Meme Coin ICOs to Invest in March 2025

    Join The 99Bitcoins News Discord Here For The Latest Market Updates

    Key Takeaways

    • Why is crypto up today? Renewed bullish sentiment swept through Bitcoin options market following Jerome Powell and the Fed rate cuts meeting.
    • Seed phrases don’t seem like much, but they could save thousands of dollars – or even millions – if you get locked out of your wallet.

    The post Why is Crypto Going Up Today and The Importance of Seed Journals appeared first on 99Bitcoins.





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  • Kraken IPO Set for 2026: What It Means for Crypto Users and the Industry

    Kraken IPO Set for 2026: What It Means for Crypto Users and the Industry


    The cryptocurrency world is bracing for one of the biggest financial events of the coming year — the Kraken IPO. With Kraken confirming plans to go public in the first quarter of 2026, the move is shaping up to be a defining moment for the crypto exchange and the industry.

    The timing of Kraken’s public offering aligns with a major shift in US crypto policy. The Trump administration has taken a strong pro-crypto stance, signaling a new era of regulatory support that could fuel industry growth. From executive orders to national digital asset strategies, Washington’s new direction is creating fertile ground for large crypto companies like Kraken to enter traditional financial markets.

    What We Know So Far About Kraken’s IPO Timeline

    Kraken’s IPO is scheduled for the first quarter of 2026, according to the company’s response to a Bloomberg inquiry. This decision comes after years of speculation about when the San Francisco-based exchange would officially enter public markets.

    Kraken’s choice to go public now is no coincidence. The exchange is capitalizing on a surge in crypto adoption and a government that’s signaling support for digital assets. Recent moves from the new US administration with establishing the Strategic Bitcoin Reserve suggest the coming years could be more favorable for crypto companies looking to expand. By becoming a public company, Kraken aims to strengthen its position and tap into new capital markets.

    In preparation, Kraken is ramping up its transparency efforts. Reports indicate the exchange is working closely with regulators, improving its auditing practices, and fine-tuning its financial disclosures to meet the strict requirements of a public listing.

    kraken homepage

    Why Kraken’s IPO Matters for Crypto Investors

    As one of the top 10 biggest crypto exchanges with revenue of $1.5 billion in 2024, Kraken’s IPO is an important event. Here’s why:

    Increased Trust and Market Credibility

    A successful Kraken IPO in 2026 will mark a significant step toward mainstream legitimacy for the crypto sector. Publicly listed exchanges operate under strict financial reporting rules, giving investors greater visibility into operations. This transparency helps build trust and credibility, especially among those still wary of the crypto industry.

    Enhanced Liquidity and Institutional Investment

    Going public will likely attract more institutional investors. Pension funds, hedge funds, and large asset managers often prefer publicly listed companies due to their higher accountability standards. As institutional money flows in, trading volumes could surge, improving liquidity on Kraken’s platform.

    Expansion of Kraken’s Product Offerings

    With access to new funding sources, Kraken could expand its product suite. This might include advanced trading tools, new financial services, or even DeFi-focused offerings. The IPO could give Kraken the firepower to innovate and stay competitive in a rapidly growing market.

    kraken buy crypto

    Could Kraken’s IPO Impact the Broader Crypto Market

    Kraken’s public debut will likely draw comparisons to Coinbase’s IPO in 2021. Coinbase’s listing was a landmark event that boosted crypto prices and sent a clear signal that digital assets were entering the mainstream.

    Analysts predict that the Kraken IPO 2026 could have a similar effect. A successful offering might push Bitcoin and major altcoins higher, fueled by renewed investor interest and growing confidence in the sector.

    Beyond price movements, the IPO could spark new regulatory discussions. With another major exchange going public, governments may step up efforts to define more straightforward rules for crypto trading and compliance.

    What Influence Does the Trump Administration’s Pro-Crypto Policies Have on IPOs?

    The new US administration has shown a pro-crypto stance, including establishing the strategic Bitcoin reserve and dropping lawsuit cases against crypto companies, including Kraken and Coinbase. This will also impact crypto-related IPOs in the future.

    White House Digital Asset Summit and Strategic Bitcoin Reserve

    On March 7, the White House hosted a Digital Asset Summit, bringing together key Cabinet members to chart the country’s crypto future. One of the major announcements was an executive order establishing a Strategic Bitcoin Reserve designed to boost US dominance in the digital asset space.

    The reserve sends a strong message — the government sees Bitcoin and crypto as part of the country’s long-term economic strategy. This development adds a layer of confidence for companies like Kraken, which is preparing to go public.

    Impact of Pro-Crypto Policies on Kraken’s IPO Timing

    The new pro-crypto policies create a favorable climate for innovation. By aligning its IPO with this shift, Kraken benefits from reduced regulatory friction and potential government backing of digital assets. The timing could not be better for a crypto exchange seeking legitimacy on Wall Street.

    why kraken

    Kraken vs. Coinbase: How the IPOs Compare

    Coinbase was the first major US crypto exchange to go public, setting a high bar. Its IPO generated significant attention but also highlighted the challenges of operating as a public company under tight regulatory scrutiny.

    Kraken’s public offering could look quite different. With a broader range of products, a history of strong security practices, and a clear focus on compliance, Kraken may appeal to a different market segment. The exchange could also capture market share from Coinbase, especially if it introduces more advanced products post-IPO. Kraken already has lower trading fees compared to Coinbase.

    What Can Kraken Users Expect Post-IPO?

    Kraken users can expect improved compliance and potential improvement in platform features.

    Improved Security and Compliance Measures

    Public companies are constantly under scrutiny, typically leading to better security protocols and stricter compliance. Kraken users can expect increased transparency around operations and finances, giving them more confidence in the platform’s stability.

    Potential Changes in Fee Structures and Platform Features

    There’s a chance Kraken may adjust its fee structures to attract more institutional clients. Users could also see new features, including financial products designed for large-scale traders, as Kraken seeks to diversify revenue streams.

    kraken apps

    How to Prepare for Kraken’s IPO

    Crypto investors interested in the Kraken IPO in 2026 should start tracking the company’s financial updates and regulatory filings. Watching how Kraken performs ahead of the IPO could help inform investment decisions. Those considering buying Kraken stock post-listing may also want to review diversification strategies to manage risks tied to crypto market volatility.

    Where Can You Follow Kraken’s IPO Updates?

    For the latest on Kraken’s IPO, check the company’s official announcements and press releases. Reputable crypto news outlets like CoinDesk, Cointelegraph, and Bloomberg will also provide ongoing coverage as the IPO date approaches.

    Conclusion – What Kraken’s IPO Means for the Future of Crypto

    Kraken’s decision to go public in 2026 signals growing confidence in the industry and a maturing market ready for mainstream adoption. With rising government support and institutional interest, the Kraken IPO 2026 could mark a turning point for digital assets. Investors and crypto users alike should stay informed as this major event approaches.

    Visit Kraken

    References

    1. ESTABLISHMENT OF THE STRATEGIC BITCOIN RESERVE AND UNITED STATES DIGITAL ASSET STOCKPILE (the White House)
    2. Crypto Exchange Kraken Preparing for IPO in 2026 (Bloomberg)
    3. Kraken says US SEC to dismiss lawsuit against the cryptocurrency exchange (Reuters)
    4. US securities regulator files to dismiss lawsuit against Coinbase (Reuters)

    The post Kraken IPO Set for 2026: What It Means for Crypto Users and the Industry appeared first on 99Bitcoins.



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  • Despite Sanctions And Arrests, Russia’s Garantex Remerges As Grinex

    Despite Sanctions And Arrests, Russia’s Garantex Remerges As Grinex


    A recent report from Swiss blockchain analytics firm Global Ledger revealed that the sanctioned Russian crypto exchange Garantex has resurfaced under the name Grinex. 

    “After the Garantex website was taken down and its wallets were frozen, the sanctioned exchange provides access to crypto services through an alternative platform, Grinex,” said Global Ledger.

    By mid-March, Grinex had already received over $29 million.

    Garantex has been implicated in laundering over $96 billion in illicit funds. The firm faced coordinated enforcement actions from the US and the European Union (EU). In fact, just last week, Indian authorities arrested the founder of Garantex, Aleksej Besciokov, in the South Indian state of Kerala. 

    On America’s request, Besciokov has been arrested for facilitating money laundering by transnational criminal organizations, including terrorist organizations, and sanctions violations.

    Explore: India Arrests US DoJ Indicted Russian Crypto Exchange Garantex Administrator

    Garantex And Grinex Are Directly Connected, Both On-Chain And Off-Chain

    The Swiss analytics firm said that it can confidently conclude that Grinex and Garantex are directly connected both on-chain and off-chain.

    Grinex has reportedly inherited much of Garantex’s user base and financial operations. 

    Swiss blockchain analytics firms have uncovered that over $60 million worth of ruble-backed stablecoins (A7A5) were laundered and funneled into Grinex during its transition. 

    “The movement of funds, including the systematic transfer of A7A5 liquidity, the use of one-time-use wallets, and the involvement of addresses previously associated with Garantex, provides clear on-chain proof of their link,” Global Ledger said. “Additionally, off-chain indicators, such as transactional patterns, commentaries and exchange behaviours, further reinforce this connection.”

    Advanced crypto laundering techniques—such as burning and minting mechanisms—were employed to make new stablecoins appear “clean,” allowing the platform to evade detection.

    EXPLORE: 10 Best AI Crypto Coins to Invest in 2025

    Enforcement Actions Faced By Garantex 

    Garantex has been on the radar of international regulatory authorities for some time. The exchange was blacklisted by the US Treasury’s Office of Foreign Assets Control (OFAC) in April 2022.

    In recent enforcement actions, authorities froze $28 million in assets tied to Garantex and seized its domains.

    Stablecoin issuer Tether also stepped in to freeze $27 million worth of funds, disrupting withdrawal services for users.

    Despite these efforts, Garantex managed to rebrand itself as Grinex, transferring liquidity and customer funds to the new platform.

    EXPLORE: 10 Coins with High Returns: Crypto Forecast 2025

    Key Takeaways

    • The Swiss analytics firm said that it can confidently conclude that Grinex and Garantex are directly connected both on-chain and off-chain. 

    • Grinex has reportedly inherited much of Garantex’s user base and financial operations.

    The post Despite Sanctions And Arrests, Russia’s Garantex Remerges As Grinex appeared first on 99Bitcoins.





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