The post Pi Network Faces Migration Chaos Ahead of June 28 Upgrade appeared first on Coinpedia Fintech News Just as Pi Network users were gearing up for the next big migration on June 28, a storm of problems shook their confidence. From stuck KYC verifications and broken 2FA emails to disappearing wallet balances, things aren’t going as planned. While users wait to transfer their Pi coins to the open network, many are now asking: Is the Pi system even ready? KYC Problems Block Migration Progress A major issue for thousands of Pioneers is the Know Your Customer (KYC) verification step. Many users who passed KYC months ago are experiencing problems again, with their migration status looping endlessly or displaying a “tentative approval” that prevents further progress. Even after clearing photo and document checks, the Pi system isn’t syncing properly, and support from the team has been mostly silent. 2FA Step Adds to Frustration Another trouble point is the two-factor authentication (2FA) feature , which was added to make transfers safer. But instead of helping, it’s causing more headaches. Many users report never receiving the confirmation email or getting error messages when they click the link. In some cases, completing 2FA sends the tokens back to the mobile app, forcing users to start over. Zero Balances After Migration Attempt Even users who complete every step correctly are facing a surprising issue — their wallet shows zero balance . Some say the coins appeared briefly and then vanished. Others are watching their unlocked tokens disappear without ever reaching their mainnet wallet. This has led to anger and confusion, especially after years of waiting. Bugs, Delays, and Broken Trust The Pi Core Team says they are working on fixes, but there is still no clear timeline. They recommend updating the app, clearing the cache, and rechecking the steps. Meanwhile, scammers are targeting frustrated users with fake support messages. With the Pi native coin (Pi) price already down 75% from its peak, users are now hoping the June 28 migration doesn’t turn into another disappointment.
Investing $1,000 equally in Shiba Inu, XYZVerse, and Dogecoin today might yield unexpected returns by 2035. This article delves into the potential future value of these cryptocurrencies. Examining market trends and projections, it uncovers how a modest sum could grow significantly. The evolving landscape of digital coins could transform a small investment into a noteworthy portfolio. XYZVerse Sets a New Trend, Could This be the Next 50X Meme Coin? The buzz around XYZVerse is real. it is going to break records in the meme coin space, targeting 50X growth upon launch. The current presale gives early investors the chance to grab $XYZ tokens at a significantly discounted price , far below the expected listing price. Bullish Mood on $XYZ XYZVerse is already featured on CoinMarketCap where the community has shown a strongly bullish mood on this coin, with 95% voters anticipating $XYZ to grow. XYZ was further noticed by reputable crypto influencers. DanjoCapitalMaster , who has close to 800,000 followers, recently expressed his support for the project, calling XYZVerse a “moonshot opportunity.” More Than Just a Meme Coin Unlike most meme coins that ride trends without much substance, XYZVerse is setting a new trend. It is blending the high-energy world of sports with the viral nature of meme culture. And it’s working. The presale is moving fast, with early buyers locking in tokens at a fraction of what some believe could be its future value. Right now, XYZVerse is still in its presale phase, but demand is high. The price has already climbed from $0.0001 in Stage 1 to $0.003333 by Stage 12, with over 70% of the $15 million milestone already raised. Investors who got in early have secured a steep discount, and with a final presale target price of $0.1, those numbers have people paying attention. Still Time to Get in Before the Presale Ends Beyond just hype, XYZVerse has a structured tokenomics model aimed at long-term sustainability. A share of 15% is allocated to liquidity to create a solid market foundation.To reward its community via airdrops and bonuses, the team has put aside 10% of the total supply. Moreover, a big chunk of 17.13% is designated for deflationary burns, which could reduce supply and drive demand for $XYZ over time. A Community-Driven Project With Big Plans One thing setting XYZVerse apart is how it engages its community. The team recently launched the Ambassador Program, giving users the chance to earn free tokens by supporting the project. And that’s just the start—there are already talks with major sports celebrities to help boost visibility. The recent partnership with decentralized sportsbook bookmaker.XYZ underscores XYZVerse’s commitment to expanding its utility. It’s a big move that gives the community something to actually use. 🔥First Exclusive Bonuses from Our Partners🔥 You showed huge interest — now it’s time to cash in💰 @bookmakerxyz is kicking things off with an exclusive First Bet Insurance for $XYZ holders. 🔹 How it works: 1️⃣ Visit: https://t.co/iIVMCfXh8H 2️⃣ Connect your EVM wallet that you… pic.twitter.com/ydY353SLTE — XYZVerse (@xyz_verse) April 2, 2025 As part of the deal, $XYZ holders get a special bonus on their first bet—a nice perk that adds extra value just for being part of the ecosystem. By bringing together traditional sports fans and the fast-moving crypto space, XYZVerse is building something different—something with entertainment value and real engagement. Could XYZVerse Be the Next Big Meme Coin? With a fast-growing presale, a strong community, and an ambitious roadmap, XYZVerse has the ingredients of a project with serious potential. While the crypto market is always unpredictable, many investors see this as an opportunity to get in early on something big. The presale won’t last forever—so if you’re interested, now might be the time to take a closer look. Join XYZVerse, the Next Moonshot Opportunity Shiba Inu Coin: The Memecoin Growing Beyond the Meme Shiba Inu (SHIB) is a cryptocurrency that began as a meme but has grown into more. Launched in August 2020 by an anonymous developer named Ryoshi, it runs on the Ethereum blockchain, allowing it to interact within the Ethereum ecosystem. To build trust, half of the quadrillion SHIB tokens were sent to Vitalik Buterin, Ethereum’s co-founder. Buterin donated a large amount to India’s Covid Relief Fund and burned 40% of the supply, boosting SHIB’s popularity and value. Because SHIB operates on Ethereum, it supports various applications. It has ShibaSwap, a decentralized exchange where users can trade tokens. Plans include an NFT platform and a governance system for holders to influence SHIB’s future. This gives SHIB potential beyond being a meme coin. In today’s market, SHIB stands out by combining fun with real utility. Compared to other coins, its growth and active community make it appealing. Market trends favor projects with real uses, so SHIB might be attractive for crypto enthusiasts. Dogecoin Unleashed: Can a Meme Coin Change the Crypto Game? Dogecoin began in 2013 as a joke, using the Shiba Inu dog meme as its logo. Unlike Bitcoin’s scarcity, Dogecoin is abundant, with no maximum supply and 10,000 new coins mined every minute. Initially seen as a “memecoin,” its value surged in 2021, becoming a top ten cryptocurrency with a market cap over $50 billion. This rise was fueled by social media influence, especially from Elon Musk. Created by Billy Marcus and Jackson Palmer for fun, Dogecoin’s popularity shows the power of community and social media on financial markets. Does Dogecoin have potential now? Its technology is based on Litecoin, making it fast and cheap. Critics say it lacks development versus other coins. Yet, its strong community and celebrity backing keep it in the spotlight. While investors often focus on Bitcoin and Ethereum for utility and growth, Dogecoin’s low price attracts attention. If the crypto market surges again, Dogecoin might rise too. However, it’s volatile and risky. Compared to other coins, Dogecoin is unique for its meme origins and social media power. Whether it stays a joke or becomes serious is uncertain. Conclusion Holding $1,000 in SHIB, DOGE, and XYZVerse could yield significant returns by 2035, with XYZVerse’s unique sports meme approach offering potentially greater growth. You can find more information about XYZVerse (XYZ) here: https://xyzverse.io/ , https://t.me/xyzverse , https://x.com/xyz_verse
After breaching Iran’s largest crypto exchange, the pro-Israel hacker group Gonjeshke Darande claimed to have destroyed more than $90 million in digital assets taken from Nobitex’s wallets. In a June 18 update via X, the group said it had burned the funds across multiple blockchains using “vanity addresses” that contain no recoverable private keys, effectively rendering the assets permanently inaccessible. This follows the high-profile exploit of Nobitex, in which over $90 million in Bitcoin ( BTC ), Ethereum ( ETH ), Dogecoin ( DOGE ), and other tokens were drained from hot wallets. The attackers had originally framed the breach as a direct response to Nobitex’s alleged role in helping the Iranian regime circumvent sanctions and fund terrorism. 12 hours ago 8 burn addresses burned $90M from the wallets of the regime's favorite sanctions violation tool, Nobitex. 12 hours from now The source-code of Nobitex will be open to the public, and Nobitex’s walled garden will be without walls. Where do you want your assets to be?… — Gonjeshke Darande (@GonjeshkeDarand) June 18, 2025 The group, also known as Predatory Sparrow, tied the hack to ongoing military and cyber tensions between Iran and Israel, which intensified following Israeli airstrikes on Tehran’s nuclear sites days earlier. Blockchain security platforms like Chainalysis quickly confirmed that the stolen assets had not been transferred to mixers or exchanges, but rather to irretrievable addresses with inflammatory labels. You might also like: Is the crypto bull run still possible after Israel bombed Iran? Some of the addresses included phrases like “FuckIRGCTerroristsNoBiTEX,” targeting Iran’s Islamic Revolutionary Guard Corps. One Bitcoin wallet used in the attack is provably unspendable due to its invalid checksum. On Ethereum, tokens were sent to the “0x…dead” burn address commonly used to retire supply permanently. In response, Nobitex issued a fresh statement acknowledging the burn. The exchange said that user assets are safe in cold storage and that the situation is now under control. Nobitex clarified that as a precaution, its staff had also emptied hot wallets. It reiterated that no customer funds would be lost, citing its reserve fund and insurance pool. Nobitex Announcement No. 4 – Regarding the Security Incident As part of Nobitex’s ongoing response to the recent security incident, we would like to inform our users that the situation is now under control. All external access to our servers has been completely severed. If you… — Nobitex | نوبیتکس (@nobitexmarket) June 18, 2025 The attackers have also threatened to release the source code and internal infrastructure data of Nobitex, which could worsen the situation for Iran’s leading cryptocurrency platform, which has over 11 million users. Gonjeshke Darande warned that any assets left on the platform would be at risk if users did not withdraw immediately. Despite having no financial motivation, the hack has far-reaching implications. The intentional destruction of more than $90 million worth of digital currency demonstrates how state-level conflicts have turned crypto infrastructure into a new battlefield. Read more: Meta Pool exploited for $133k after attacker mints $27m worth of tokens
Circle’s stock surged 34% on June 18 to close at $199.59 after the GENIUS Act cleared the Senate. According to Yahoo Finance data , the stock briefly touched an all-time high of $200.90 before closing at $199.59. The move marked a nearly 6.5-fold increase from the company’s initial public offering price of $31 set two weeks earlier on June 5. The sharp rally came just after the U.S. Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins Act, a bill that would establish a comprehensive federal framework for regulating dollar-backed stablecoins such as Circle’s USD Coin ( USDC ). The legislation, which cleared the Senate with a 68–30 vote on June 17, now heads to the House of Representatives. House Financial Services Committee staff confirmed that scheduling discussions are expected to begin next week, although a floor vote date has not yet been announced. Supporters of the bill hope to have it on President Donald Trump’s desk before the August congressional recess. You might also like: GENIUS Act could bring trillions in institutional crypto capital: experts weigh in Alongside Circle’s gains, Coinbase’s stock increased by 14%, and Robinhood’s stock rose by 4.5% to reach a new all-time high of $78.35. The market reaction reflected growing confidence that clear federal oversight of stablecoins could accelerate mainstream adoption and de-risk the regulatory landscape for U.S.-based issuers. The GENIUS Act creates federal licensing requirements for stablecoin issuers, mandates complete backing of tokens with dollar reserves, such as cash or Treasuries, and gives the Federal Reserve and the Office of the Comptroller of the Currency oversight powers. The legislation also seeks to improve technical interoperability among blockchain platforms and standardize consumer protection guidelines. While some states, like New York, already regulate stablecoins through local regimes like BitLicense, the GENIUS Act aims to bring all of those efforts together under a single national standard. The Act enhances Circle’s standing as a top U.S. issuer with institutional-grade practices, as it already complies with strict reserve transparency and compliance standards. USDC, Circle’s primary product, is currently widely used in decentralized finance, remittances, and tokenized payment systems. Read more: What happens on day one after the GENIUS Act passes? | Opinion
On June 19, former U.S. President Donald Trump publicly criticized Federal Reserve Chair Jerome Powell via social media, labeling him as detrimental to the U.S. economy. Trump’s statement, “Too Late
South Korea's largest cryptocurrency exchanges Upbit and Bithumb started the day with altcoin listings. At this point, Upbit announced that it will list the altcoin Raydium (RAY), while Bithumb announced that it will list the altcoins Forta (FORT) and Huma Finance (HUMA). Upbit announced that it will list RAY on the KRW and USDT trading pair, while Bithumb stated that it will list FORT and HUMA only on the KRW trading pair. “On June 19, 2025, RAY will be added to the KRW and USDT markets on Upbit. Listing for RAY is planned on the Solana network in KRW and USDT trading pairs. HUMA and FORT Also Listed: “HUMA and FORT will be added to the KRW market today. HUMA transaction support: Supported Market: Korean Won Market Supported Network: Solana (SOL) (Deposits made via other networks are not supported.) Deposit start: 19.06.2025 is planned as 15:00. FORT transaction support: Supported Market: Korean Won Market Supported network: Ethereum (ETH) (Deposits via other networks are not supported.) Deposit start: 19.06.2025 is planned as 17:00.” Following the announcements, there were major increases in the prices of HUMA, FORT and RAY. *This is not investment advice. Continue Reading: Morning Release from South Korea! Three New Altcoins Listed, Prices Rise Sharply!
U.S. futures markets are poised for a breakthrough as Coinbase spearheads the regulated use of USDC stablecoin as collateral, signaling a seismic leap toward mainstream financial integration. Regulated Futures Markets Open Gates to USDC Collateral With Coinbase Leading the Charge Cryptocurrency exchange Coinbase (Nasdaq: COIN) announced on June 18 that its subsidiary Coinbase Derivatives LLC
The cryptocurrency market is witnessing pivotal movements as Shiba Inu approaches critical price thresholds, Dogecoin faces renewed volatility, and XYZVerse emerges as a promising memecoin with potential for exponential growth.
DOJ seizes $225M in crypto, marking largest-ever U.S. Secret Service crypto bust Global scam exploited blockchain obfuscation to trick over 400 victims worldwide FBI and Secret Service used blockchain forensics and Tether aid to trace assets The U.S. Department of Justice has initiated a civil forfeiture case to seize more than $225 million in digital assets connected to a large-scale, global cryptocurrency investment fraud network. The action represents the largest single cryptocurrency seizure in the history of the U.S. Secret Service. The complaint, filed on June 18 in the U.S. District Court for the District of Columbia, targets funds that investigators traced through hundreds of thousands of blockchain transactions designed to obscure their illicit origins. The operation marks a significant move by the federal government to disrupt organized cybercrime rings and recover funds for defrauded investors. Details of the Sophisticated Scheme According to the Justice Department, the seized funds were part of a sophisticated, blockchain-based laundering operation. The criminal network allegedly used so-called “pig butchering” scams, where fraudsters build … The post U.S. Secret Service Announces Its Largest-Ever Crypto Seizure in ‘Pig Butchering’ Case appeared first on Coin Edition .
GoPlus, a prominent Web3 security infrastructure provider, recently disclosed that its SafeToken Locker service has secured liquidity lockups for more than 4,000 projects, including notable names like TST, Mubarak, and