XRP Price Could Surge 16% – Here’s Why

A US investor has filed a lawsuit against SocialChain Inc., Pi Community Company, and Pi Network executives, alleging a multi-year fraud scheme that caused him losses exceeding $2 million. The complaint was filed on October 24, 2025, in the US District Court for the Northern District of California.

The investor, Harro Moen from Arizona, claims that unauthorized transfers of 5,137 Pi tokens from his verified wallet in April 2024, combined with delays in migrating his remaining 1,403 tokens to the Pi Network mainnet, led to significant losses.

He calculated the losses based on the peak market valuation of Pi tokens in 2022, though some community members said that the $307.49 figure cited in the suit reflects the IOU value before the mainnet launch and not open market value.

The lawsuit alleges that SocialChain and its executives conducted secret sales of about 2 billion Pi tokens and maintained centralized control over the network through three validator nodes. According to the complaint, these actions contributed to the dramatic decline in token value, from the IOU figure to around $1.67, and affected millions of users worldwide across 190 countries. The suit seeks $10 million in damages.

Ongoing Concerns and Criticism

The case shows long-standing concerns about Pi Network, including:

• Centralized control over token issuance and wallets
• Lack of transparency in token economics
• Closed network transaction limits

Regulatory Warnings in China

Chinese financial authorities, including the China Futures Association, China Internet Finance Association, China Banking Association, and China Securities Association, have warned that virtual assets and stablecoins are not legal tender. They cited Pi Coin as an example of a token without real-world use, stating that such assets can be used for illegal fundraising, pyramid schemes, or transferring proceeds from crime.

Pi Network now faces combined legal, regulatory, and reputational risks. The outcome of the US lawsuit, along with ongoing scrutiny from Chinese authorities, could shape the future of the network and influence how regulators approach community-driven crypto projects.

FAQs

A US investor sued Pi Network and SocialChain, alleging a $2M+ loss from unauthorized token transfers and secret sales of Pi coins.

Harro Moen from Arizona filed the lawsuit, claiming lost Pi tokens and damages due to the network’s centralized control and token sales.

The case may impact token value, network trust, and regulatory scrutiny, influencing Pi Network’s future and operations worldwide.

DALLAS, Dec. 5, 2025 /PRNewswire/ - Cango Inc. ("Cango" or the "Company") today published its Bitcoin production and mining operations update for November 2025.

The price of the XRP cryptocurrency could be on the verge of a 16% move if the symmetrical triangle pattern ends up playing out. 

The chart shows the pattern for XRP/TetherUS Perpetual Contract on a one-hour timeframe. 

Symmetrical triangle 

A symmetrical triangle is a continuation pattern in technical analysis. During such periods, the price tends to consolidate before continuing the prior trend (although it should be noted that it can also lead to a reversal).

It is formed by two converging trendlines: a downward-sloping upper resistance line and an upward-sloping lower support line.

The price action (the jagged black line) shows a period of decreasing volatility. The swings are becoming noticeably smaller, squeezing the price towards the apex of the triangle.

So far, the market is in a phase of indecision, meaning neither buyers nor sellers are able to take control.

If the price breaks out from the current price of $2.05, a 16% increase would project a target price of roughly $2.4. 

XRP's failure 

The launch of spot XRP exchange-traded funds, such as Canary Capital's XRPC, was a groundbreaking milestone for the XRP token. 

It drew significant institutional inflows that have already exceeded $900 million across multiple products. 

Yet, this enthusiasm failed to translate into much-needed price recovery. 

Aggressive selling from large holders threw a wrench in the works for the bulls. 

Bitcoin's plunge below $90,000 also triggered widespread deleveraging across altcoins. 

Belize City, Belize, December 8th, 2025, Chainwire

As Bitcoin MENA 2025, Solana Breakpoint 2025 and the Global Blockchain Show bring a packed Web3 summit week to the UAE this December, BC.GAME will host Breakpoint Eve: Stay Untamed with BC | MAKING IT RAIN on Wednesday, December 10 at WHITE Abu Dhabi (Yas Bay Waterfront). With sign-ups now exceeding 1,200, the event is shaping up to be one of the largest and most anticipated parties during the peak Bitcoin MENA and Breakpoint window.

BC.GAME has been operating for eight years as a crypto entertainment and community platform focused on gaming, sports and culture-led experiences in Web3. Its global profile includes ambassador collaborations with multi-platinum pop artist Jason Derulo, an official principal partnership with Leicester City FC, and a growing competitive presence through BC.GAME Esports, featuring CS2 stars s1mple and electronic.

Music lineup

December 8, 2025 07:07:31 UTC

Bitcoin Price Eyes Major Upside on Weekly Chart

Bitcoin is testing support at the lower trendline on the weekly chart, signaling potential strength in the long-term uptrend. Key targets lie ahead: $102,000 at the Golden Ratio, $122,000 as the 2x target, and $155,000 at the 2.618 Golden Ratio level. This multi-year channel suggests that if support holds, BTC could continue climbing toward these higher levels, keeping bullish momentum intact for investors watching the weekly trend.

December 8, 2025 06:43:39 UTC

Why Bitcoin Price Is Up Today ?

Bitcoin Price climbed today, trading around $91,271, as rising odds of a rate cut by Federal Reserve fuel optimism. With futures showing an ~85% chance of a quarter-point cut at the December 9 meeting, investors are shifting toward risk assets. Lower rates typically make cryptocurrencies more attractive compared to bonds and weaken the U.S. dollar both supportive for Bitcoin. As a result, BTC has rallied as investors position ahead of possible easier monetary policy.

December 8, 2025 06:14:03 UTC

Bitcoin Price Faces a Crucial Make-or-Break Moment

Seven weeks after warning about the Gaussian Channel, Bitcoin is now trading deep inside it. This zone has historically marked the shift between a strong bull phase and early weakness. If BTC slips out of the channel entirely, it could open the door to further downside. Still, a short-term relief bounce is possible before any major move plays out, keeping markets on edge for now.

December 8, 2025 06:12:09 UTC

Bitcoin Price Tests $90K as Short-Term Pressure Builds

Bitcoin has pulled back to the $90,000 level, which is acting as short-term support for now. If BTC holds above this zone, a move toward $92,000 is likely in the near term. However, a break below $90,000 would weaken the setup and could push price back toward $88,000. With higher timeframes still unclear, Bitcoin remains sensitive to short-term moves, keeping traders cautious on direction.

December 8, 2025 06:07:36 UTC

Bitcoin Price Today Stuck Between Key Levels After Bounce

Bitcoin rebounded after dipping below recent lows, but price action remains trapped in a tight range. Buying interest has pushed BTC higher, though strong orders still sit on both sides. On the upside, the $93,662 level stands out as the next possible pull zone if momentum builds further. However, if strength fades, attention shifts back to $86,478, where heavy interest is concentrated and could attract price again.

Binance exchange has received full authorization from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). With this approval, Binance becomes the first global crypto exchange to place its trading, liquidity, clearing, and custody operations under a single, end-to-end regulatory framework.

The license allows Binance to operate within ADGM’s well-established regulatory system, known for strict oversight, clear rules, and strong investor protection. This approval signals a move toward closer alignment between large crypto exchanges and traditional financial market standards.

Binance CEO called the approval a major milestone for both the company and the broader crypto industry.

How Binance Will Operate Under ADGM Rules

Binance will operate through three separately licensed entities, each handling a specific function.

• Nest Services Limited, which will be renamed Nest Exchange Limited, has been approved as a Recognised Investment Exchange and will manage on-exchange activities such as spot and derivatives trading.
• Nest Clearing and Custody Limited has been authorized as a Recognized Clearing House. It will be responsible for clearing, settlement, and custody of digital assets, ensuring secure asset handling and operational stability.
• BCI Limited, soon to be renamed Nest Trading Limited, has received broker-dealer approval and will handle off-exchange services, including OTC trades, asset conversions, and principal trading.

This setup separates trading, custody, and brokerage functions, helping reduce risk and improve transparency.

Stronger Protection and Global Credibility for Users

Operating under ADGM’s framework places Binance under one of the strictest consumer-protection regimes in the crypto sector. Each step of the trading process, from trade execution to asset storage, will be closely regulated.

The FSRA license also strengthens Binance’s global credibility. It shows the exchange meets international standards for governance, risk management, and operational controls, at a time when regulators worldwide are demanding higher accountability from crypto platforms.

What Happens Next

Binance.com is expected to begin regulated operations under the ADGM framework on January 5, 2026, subject to final operational readiness. Users can expect clearer operational structures, stronger oversight of custody and clearing, and higher resilience under a globally respected regulatory regime.

The exchange recently crossed 300 million registered users worldwide and remains the largest crypto platform by trading volume. Binance leadership has also increased engagement with governments, including recent high-level discussions in Pakistan as the country works toward formal digital-asset regulation.

FAQs

This license places Binance under a strict, end-to-end regulatory framework in Abu Dhabi, offering users stronger investor protection, segregated operations, and enhanced oversight of trading and asset custody.

Binance is the first global exchange to have its core operations—trading, clearing, and custody—fully regulated under a single framework by the ADGM’s FSRA, a major step toward traditional financial standards.

Binance is expected to start regulated operations on January 5, 2026, once all operational checks are complete and systems meet ADGM’s requirements.