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- HODL or Run? Bitcoin Stalls, Pi Experiments, Ponzi Ends
HODL or Run? Bitcoin Stalls, Pi Experiments, Ponzi Ends
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Your no-fluff breakdown of what’s shaking up the blockchain world this week – by Cryptoclub23
Buckle up! This week’s roundup takes us through the calm strength of Bitcoin, bold pivots in Pi Network, high-stakes crypto crime, and the ongoing tug-of-war between innovation and regulation. Whether you’re holding, building, or just crypto-curious, this edition has something for you.
🌐 Pi Network Goes Big on AI—But Price Remains Calm
The Pi Network just dropped two major features—an AI App Studio for no-code development and a new staking directory system. That’s a strong push toward utility and long-term growth.
But guess what? Despite the bold move, the price barely flinched. After a short rally to $0.65, the Pi token has settled around $0.53. It's almost like the market is saying, "Nice, but show me results." Still, the pivot signals something major: Pi is evolving beyond social mining into something more sophisticated. Could this be their next big wave? We’ll be watching.
🚨 Ponzi Kingpin Sentenced: 97 Months Behind Bars
Remember those “get-rich-quick” crypto platforms from a few years back that promised the moon? One of the masterminds behind a $40 million scam just found out that the law never forgets.
Dwayne Golden, co-founder of schemes like EmpowerCoin and Jet-Coin, was just handed over 8 years in federal prison. Besides jail time, he’ll cough up more than $2 million. This is more than just a sentencing—it’s a message. Even scams from 2017 are catching up to their creators today. Crypto may be fast, but justice takes its time—and gets there eventually.
📉 Bitcoin Moves Sideways, But Money Keeps Pouring In
Bitcoin is holding its ground, calmly hovering between $104K and $106K for the third straight week. It may not be flashy, but this kind of price stability is rare—and impressive—in crypto.
What’s fueling it? U.S.-based Bitcoin ETFs have been stacking serious inflows—over $1 billion in just three weeks. Institutional faith is clearly alive and well, even if smaller investors are taking a breather. Still, not everything’s rosy…
⚠️ Warning Signs: Traders Turn Bearish Behind the Scenes
While the headlines are praising Bitcoin’s stability, the data behind the charts tells a more cautious tale. Funding rates on Bitcoin futures have dropped into the negative, which means many traders are betting on a downturn.
Is it panic? No. But it’s a reminder: even during periods of strength, smart money hedges its bets. Keep your eyes on the market’s mood, not just the price tag.
🇪🇺 Europe Divided on Who Should Police Crypto
Across the Atlantic, a power struggle is brewing. The European Union's main securities agency, ESMA, wants more control over crypto firms under its belt. But not every EU country is on board.
Some nations worry that giving too much authority to ESMA could weaken national oversight. This disagreement is delaying enforcement of new rules and leaving crypto companies to juggle inconsistent policies depending on where they’re based.
Bottom line? Without a unified voice, the EU risks making crypto compliance more confusing than it needs to be.
🛑 FATF Rings Alarm Bells on Global Crypto Crime
The Financial Action Task Force (FATF)—the world’s watchdog on money laundering—just called out the entire crypto world. According to them, less than a third of countries have solid rules in place to stop digital money from being misused.
They’re especially worried about stablecoins, which are becoming a favorite tool for shady players, including rogue states. Over $50 billion in dirty money was funneled through crypto last year. FATF’s message is loud and clear: clean up your act—or expect crackdowns.
🕵️ Real-Life Threats: Crypto Wealth Turns Risky
It’s not just hacks and phishing attacks anymore—crypto holders are being physically targeted. In the past year alone, there have been over 230 incidents involving robberies, kidnappings, and assaults linked to crypto.
A trader in Pakistan was kidnapped and forced to transfer $340,000 worth of assets. In response, some exchanges are now hiring armed security for their execs. Owning crypto isn’t just about keeping your wallet secure—it’s about keeping yourself safe too.
🗣️ Final Take
Crypto is no longer just a playground—it’s a battlefield of ideas, money, innovation, and even safety. The market might be maturing, but the stories are getting wilder. Stay curious. Stay careful. And always double-check your security—online and offline.
Until next time,
The CryptoClub23 Team