TITLE: Pi Network Price Slides Below $0.09 as Bearish Signals Pile Up Despite Market Optimism
KEYWORD: pi network price
DESCRIPTION: The Pi Network price has fallen for five straight days, slipping under $0.09 even as broader crypto markets show signs of greed and optimism.

The Pi Network price has now fallen for five consecutive trading sessions, dropping below the $0.090 mark even as the rest of the cryptocurrency market enjoys a noticeably upbeat mood. The disconnect between Pi’s slide and the wider market’s “greed” sentiment is raising questions about whether the token can find its footing anytime soon, or whether deeper losses are still ahead.

As of Monday, PI changed hands around $0.0865, continuing a downtrend that has persisted despite a Fear and Greed Index reading of 67 on CoinMarketCap — a level that typically signals healthy risk appetite across digital assets. That broader optimism, however, has done little to rescue Pi Network, underlining just how disconnected individual token performance can be from overall market psychology.

Why the Pi Network Price Keeps Falling

Analysts tracking the token point to a combination of weak technical structure and shifting derivatives activity as the main culprits behind the ongoing slump. According to data from CoinAnk, futures open interest in PI has climbed to $10.15 million, up from $9.78 million the previous day — a roughly 3.8% increase in outstanding exposure even as the spot price continues to sink.

That rise in open interest is notable, but it doesn’t necessarily signal bullish conviction. Open interest simply measures the total notional value of active contracts; it doesn’t distinguish between new long positions, fresh short bets, or some mix of both. In Pi Network’s case, the simultaneous increase in open interest and decline in spot price suggests traders are actively positioning themselves, but the direction of that conviction remains unclear. For anyone holding leveraged long positions, the combination of rising exposure and falling prices adds an extra layer of risk that shouldn’t be ignored.

Technical Indicators Favor the Sellers

The charts paint an equally discouraging picture for Pi Network bulls. The token currently sits below all of its major daily exponential moving averages, a classic sign of sustained bearish pressure. The 50-day EMA sits at $0.0911 — just above the current trading price — making it the first hurdle any recovery attempt would need to clear. Further above, the 100-day EMA rests near $0.0991, while the 200-day EMA looms much higher at $0.1219, underscoring how far the token has drifted from its longer-term trend.

Momentum readings tell a similar story. The Relative Strength Index for Pi Network currently sits around 43, below the neutral 50 threshold, pointing to weakening buying momentum even though the token hasn’t yet slipped into technically oversold territory. The Moving Average Convergence Divergence indicator is also mildly negative, reinforcing the sense that sellers currently hold the upper hand in the near term.

Key Levels to Watch

For traders watching the Pi Network price action closely, a handful of support and resistance levels stand out. Immediate support lies at $0.0827, which corresponds to the 23.6% Fibonacci retracement measured between a high of $0.1341 and a low of $0.0704. A secondary support zone sits at $0.0801, marking the low recorded on July 31.

Should both of those levels give way, analysts suggest the $0.0704 swing low could become the next major downside target — a scenario that would represent a substantial extension of the current losing streak. On the upside, any meaningful recovery would first need to reclaim the $0.0911 resistance level tied to the 50-day EMA before the broader bearish structure could be considered under threat.

For now, the gap between Pi Network’s struggling price action and the rest of the crypto market’s relatively cheerful mood remains the defining story. Broader sentiment gauges suggest investors are generally willing to take on risk, yet that appetite has not translated into renewed demand for PI. Whether nearby support levels can finally attract enough buying interest to halt the slide, or whether sellers continue to dictate the token’s trajectory, will likely determine where the Pi Network price heads next.

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Hedera price has become one of the more closely watched charts in the broader cryptocurrency market this week, after HBAR tumbled roughly 23% from its late-September peak near $0.131 to trade close to $0.101. The sharp reversal has left traders split over whether the token can stabilize above the psychologically important $0.10 level and mount a fresh push toward $0.12 before October closes out.

The pullback follows a brisk late-September rally that briefly carried Hedera to its highest level in weeks, only for momentum to fade just as quickly. On Binance’s HBAR/USDT daily chart, the token has recently traded between roughly $0.10019 and $0.10489, hovering just above the round-number support that many traders see as the line in the sand for this correction. A slip below that zone would likely reopen a path toward lower liquidation clusters that market-data trackers such as CoinGlass have flagged in the sub-$0.10 range.

Hedera Price Faces a Wall of Resistance Overhead

Chart watchers point to a cluster of technical hurdles standing between HBAR and a meaningful October rebound. The daily Ichimoku conversion line currently sits at $0.11166, well above the token’s latest price, while the base line is marked at $0.10146 — a level HBAR has recently struggled to hold. That leaves Hedera sandwiched below two separate resistance markers, with the larger gap to the conversion line underscoring how much ground buyers would need to recover just to flip short-term momentum back in their favor.

Adding a sliver of encouragement, the forward-looking Ichimoku cloud has turned green, spanning roughly $0.09762 to $0.10656. That shift suggests underlying conditions aren’t uniformly bearish, even as the token trades beneath its immediate daily indicators. Meanwhile, the Aroon indicator shows Aroon Up readings easing to 50% from a stronger late-September posture, while Aroon Down remains pinned at zero — a mixed signal that reflects fading upward momentum without yet confirming a fresh downtrend.

Weekly Charts Tell a More Optimistic Story

Zooming out, the picture for Hedera price brightens somewhat. On the weekly chart, HBAR sits near $0.10126, comfortably above the Supertrend support line at $0.06943 — a gap of roughly 31%. That Supertrend indicator has flipped green following the recent bounce, and the weekly Awesome Oscillator has moved into positive territory for the first time after an extended stretch of negative readings, hinting at firmer underlying momentum than the daily chart’s sharp pullback might suggest on its own.

Still, a formidable ceiling looms further out. Weekly charts show horizontal resistance marked at $0.14051, a zone that has repeatedly acted as a turning point in past market cycles. Reaching it from current levels would require HBAR to climb nearly 39%, a tall order given the token has yet to reclaim even its late-September high of $0.131.

What Traders Are Watching Next

For the bullish case to play out this month, analysts suggest Hedera price would first need to clear $0.11166 on the daily chart, opening the door to a test of $0.12 and eventually the recent $0.131 peak. Only a sustained break above $0.131 would put the much larger $0.14051 weekly resistance meaningfully in play.

Independent analyst Giannis Andreou, writing on X on October 5, flagged $0.12 to $0.15 as Hedera’s next major weekly resistance zone, while suggesting a recovery scenario hinges on support holding somewhere between $0.085 and $0.10. That view echoes the broader technical consensus: Hedera’s near-term fate rests on whether $0.10 holds as a floor, even as longer-term weekly indicators retain a cautiously bullish tilt.

The divergence between daily weakness and weekly resilience is a familiar pattern in cryptocurrency markets, where a token can post a bullish longer-term signal while still absorbing a sharp short-term correction — particularly when support lines on higher timeframes sit far beneath current trading levels. For now, Hedera price remains in a holding pattern, with $0.10 as the line separating consolidation from a deeper retreat, and $0.12 standing as the next meaningful target should buyers regain control before October ends.

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TITLE: Pokémon Card NFTs Rake In $11M a Month as Crypto Meets Collectibles Mania
KEYWORD: pokémon card nfts
DESCRIPTION: DeFi platforms turning Pokémon cards into NFTs generated $11 million last month, riding a collectibles boom that is reshaping crypto speculation.

Pokémon card NFTs have quietly become one of the most lucrative niches in decentralized finance, with onchain marketplaces generating roughly $11 million in revenue last month alone, according to data compiled by analytics platform DefiLlama. The figure marks a striking validation of an idea that, just a year ago, looked more like a crypto curiosity than a viable business.

The concept is simple on paper but reflects a clever fusion of two red-hot markets: collectible trading cards and blockchain speculation. Platforms built on networks like Solana and Polygon allow collectors to send in physical Pokémon cards, One Piece cards, and sports cards for verification and storage. In exchange, owners receive a digital token — a non-fungible tokenized representation of the card — that can be bought, sold, or traded instantly online, without ever touching the physical item.

Why Pokémon Card NFTs Took Off

The timing could hardly be better. Pokémon cards have become one of the best-performing collectible assets of the last two decades. According to the Card Ladder Index, the cards have delivered a cumulative return of roughly 4,000% since 2004 — dwarfing the S&P 500’s 513% gain over the same stretch. Nostalgia among millennial collectors, renewed interest from younger fans, and a pandemic-era surge in collecting have combined to push demand to extraordinary levels.

Manufacturers are struggling to keep pace. Card factories reportedly churn out more than 10 billion Pokémon cards a year, yet shortages persist, and unopened packs from popular sets routinely resell well above their suggested retail price. That scarcity has turned ordinary cardboard into a genuine speculative asset class, attracting investors who might never have considered collectibles before.

That’s where crypto’s structural advantages come in. Trading physical cards at scale is cumbersome — buyers and sellers must deal with authentication, shipping, insurance, and auction fees, especially when dealing in bulk or trying to offload large pallets of inventory. Pokémon card NFTs solve much of that friction by letting the underlying cards sit in secure storage while ownership changes hands purely onchain, similar in spirit to how gold-backed exchange-traded funds made bullion trading far more accessible than physically moving bars of metal.

Gacha Machines and Digital Pack Openings

Beyond simple buying and selling, several platforms have introduced “gacha” mechanics that replicate the thrill of opening a fresh pack. Users pay a fixed price for a chance at a randomly assigned card, which could turn out to be worth far more than what they paid — or considerably less. The mechanic borrows directly from loot-box style gaming economies and has proven popular with users chasing the dopamine hit of a potential big pull, all without leaving their crypto wallets.

The popularity of these mechanisms has helped push combined monthly revenue for trading-card marketplaces into eight figures, a remarkable outcome for a DeFi sector often associated with more experimental or short-lived trends. It also highlights how crypto infrastructure is increasingly being repurposed to tokenize real-world assets with genuine retail demand, rather than purely speculative onchain tokens.

Risks Lurking Behind the Boom

Still, the rise of Pokémon card NFTs carries clear risks. Flagship cards — such as first-edition Charizards from 1999, now fetching up to $550,000 in pristine condition compared with $1,500 to $2,000 a decade ago — have already appreciated dramatically, raising questions about how much further prices can realistically climb.

There is also a structural vulnerability built into the redemption process. While platforms allow holders to exchange their digital tokens for the physical cards, doing so requires shipping and processing time. In a sharp downturn, that lag could force NFT holders to sell at a discount to account for the delay, meaning token prices could fall faster and harder than the physical card market itself if sentiment sours.

The sector has also drawn scrutiny over trust issues. Earlier this year, investors in a separate platform claiming to let users speculate on Pokémon card prices said they lost the vast majority of their money, underscoring that not every operator in this niche has handled custody and verification responsibly.

For now, though, enthusiasm shows little sign of cooling. With physical card shortages persisting and crypto-native investors eager for new onchain assets backed by tangible value, Pokémon card NFTs look set to remain one of DeFi’s more unexpected growth stories — at least until the broader collectibles market decides whether its historic run still has room to run.

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Two years ago, then-presidential candidate Vivek Ramaswamy couldn’t stop praising the virtues of cryptocurrency.

Running to be the 2024 Republican nominee in the race for the White House, Ramaswamy sprinkled his stump speeches with praise for Bitcoin (BTC) and token mining operations while strongly standing against central bank digital currencies.

Now, presidential candidate Ramaswamy is running to be the next governor of Ohio. And while he isn’t exactly distancing himself from positions on digital assets, he isn’t putting them at the forefront of his campaign despite substantial exposure to crypto investments and the Buckeye state’s interests.

2023 X post on CBDCs. Source: Vivek Ramaswamy

In his 2024 presidential run, Ramaswamy was frequently issuing statements in opposition to central bank digital currencies (CBDCs), praising Bitcoin (BTC) and its mining operations and often attending industry events as a keynote speaker. 

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After Donald Trump won the presidential race, he tapped Ramaswamy to lead the Department of Government Efficiency, or DOGE, alongside Elon Musk. Ramaswamy left having never officially been a part of the administration. 

Before announcing a run for the Ohio governor’s office in February 2025, he posted in support of the Ohio Strategic Cryptocurrency Reserve Act, a state bill that would allow the creation of a strategic Bitcoin reserve. In September 2025, Strive, the asset manager that he co-founded in 2022, announced plans to enter the digital asset market with a Bitcoin Bond ETF, focused on bonds issued by companies acquiring BTC.

Cointelegraph reached out to the Ramaswamy campaign but did not receive a response to repeated requests for an interview.

Crypto as a gubernatorial candidate

Following the official launch of his campaign, Ramaswamy initially kept up much of the same rhetoric he had espoused during his presidential run, also speaking at the Bitcoin for America conference in March and Bitcoin 2025 in May. 

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His campaign website accepts donations in crypto, and he has financial support from the co-founders of the Trump family’s crypto company, World Liberty Financial: Chase Herro, Zak Folkman and Zachary Witkoff, all of whom donated the maximum allowable amount of $16,615 each. 

Other entities associated with the crypto industry have also donated millions of dollars to Ramaswamy’s Super political action committee (PAC) “V-PAC: Victors, Not Victims,” including $20 million from Susquehanna International Group co-founder Jeff Yass, $6 million from NYDIG founder Ross Stevens, $5 million from billionaire Elon Musk and $5,000 from the Bitcoin Voter Project.

Ramaswamy has maintained his stake in Strive, which reported holding 23,156 BTC worth about $2 billion as of Aug. 28. An August filing with the US Securities and Exchange Commission showed the candidate owned 5,693,897 shares in the company, worth more than $170 million as of Sept. 26. He also reported personally holding more than $1,000 in BTC and Ether (ETH) as of April through a Coinbase wallet. 

Related: US midterm election mirrors 2024 as crypto PACs move into Ohio races

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In September 2026, just weeks away from the election, Ramaswamy’s public statements on digital assets and related policies appear to have waned in contrast to his 2024 and even 2025 rhetoric. He had not addressed a Sept. 17 notice from Ohio Secretary of State Frank LaRose announcing the acceptance of cryptocurrency to pay for state fees and services as of the time of publication.

What’s different for Ohio voters in 2026? Data centers, for one

Ohio voters could be part of the reason for Ramaswamy appearing to tone down the talk on crypto. The state was already the target of more than $40 million in spending by industry-aligned groups in 2024 to support Republican Bernie Moreno’s Senate run. 

Two years ago, Moreno defeated incumbent Democrat Sherrod Brown, but history is beginning to repeat itself: Brown is now running against Republican Jon Husted for another chance in the Senate in next month’s election. The Fairshake PAC has pledged to initially spend $30 million opposing the Democrat again, already reporting $11 million in ad buys.

To be sure, a poll conducted by the Digital Currency Group in May 2024, months before the election, suggested that Ohio voters were “more negative towards crypto” compared to those in other US states, with 79% of the state’s respondents saying that they had never held crypto and 77% holding negative views on the digital currency.

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Sentiment on data centers has also become a controversial campaign issue for Ohio politicians in 2026. According to the Pew Research Center, there were 166 data centers in Ohio as of April, giving the state more locations than any other in the country. It’s also home to many crypto mining operations, including Cipher Mining, Bitdeer and BIT Mining.

Public polling also showed that a majority of Ohio residents do not support data centers in their communities. Ramaswamy pledged in August that any center built in an Ohio community would result in no electricity cost for residents and lower property taxes, while his Democratic opponent, Amy Acton, has proposed that “all costs for gas, water and electricity needs to be covered by data centers and their investors, not Ohio taxpayers or our communities.”

As of Sept. 22, an average of RealClearPolling data showed Acton with a one-point lead over Ramaswamy, making the race essentially a toss up. An event contract on Kalshi at last look on Monday had more than $2 million in bets and favored the Democratic candidate with a 66% chance of winning the governor’s race, with similar odds on a Polymarket contract.

Magazine: Winners and losers of the SEC’s new tokenized stocks rules

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Cryptocurrency just survived its roughest stretch since 2022, and the data suggests it wasn’t luck that kept it standing. Two new reports released this fall paint a picture of a digital asset economy that has quietly matured beyond price speculation, becoming something closer to financial infrastructure for millions of people living with broken banks, collapsing currencies, or no reliable banking access at all.

The first, Chainalysis’s 2026 Global Crypto Adoption Index, tracked what happened between July 2025 and June 2026 — a period that included Bitcoin hitting an all-time high before suffering its largest-ever dollar retreat, a $67,000 drop from peak to trough. The overall crypto market cap cratered by roughly 50%, a $2.1 trillion contraction that marked the worst downturn since the cascading collapses and scandals of 2022.

https://www.youtube.com/watch?v=videoseries

Yet the underlying “crypto economy” — a blend of service inflows, peer-to-peer transfers, and cross-border activity — barely flinched. It dipped just 1.6%, from $9.5 trillion to $9.4 trillion. For a market that lost half its paper value, that’s a remarkably small hit, and Chainalysis argues it’s proof that something other than speculative trading is now driving activity on-chain.

Where cryptocurrency adoption is actually happening

Chainalysis overhauled its methodology this year, ranking countries across four measures: service flows, domestic peer-to-peer activity, cross-border transfers, and on-chain balances. The country that came out on top might surprise casual observers of the industry: Brazil, which recorded $252.5 billion in activity and placed in the top four globally across every single factor the index tracks — second in cross-border flows, third in total service flows and peer-to-peer activity, and fourth in on-chain balances.

Brazil’s showing underscores a broader theme running through this year’s data — emerging markets, not Western financial hubs, are leading the charge. For wealthy investors, crypto might be a tech upgrade or a tokenized-asset experiment. But in much of the Global South, it functions as something far more practical: a way to move money quickly, dodge capital controls, and hedge against currencies that can lose value overnight.

Cornell’s survey backs up the trend

That split in how people use crypto is reinforced by a separate study out of Cornell University, which surveyed nearly 26,000 people across 25 countries for its new Bitcoin Adoption Index. The findings echo Chainalysis’s: the countries with the highest share of people who have ever owned bitcoin are not wealthy financial centers, but places where national currencies have been unstable and access to dollars or dependable banking is limited. El Salvador, Venezuela, and Nigeria topped that list.

“Ranked by the share of all respondents who have ever owned bitcoin, the leaders are not wealthy financial centers — they are economies where the national currency has been unstable and everyday access to dollars or reliable banking is hard,” the Cornell report stated. “In each, bitcoin functions less as a speculative bet and more as a practical workaround.”

Ella Hough, a Bitcoin Advocacy Associate at Strategy and Junior Fellow at Cornell’s Brooks School Tech Policy Institute, put it plainly: “Bitcoin works the same everywhere, but people’s need for it does not. Across 25 countries, we found that people are more likely to see Bitcoin as a tool for financial freedom where currencies are less stable, banking access is limited, or monetary controls are tighter.”

Interestingly, the research also found that deep technical understanding isn’t a prerequisite for cryptocurrency adoption. A full 58% of those surveyed didn’t know bitcoin’s supply is capped at 21 million coins. People don’t need to understand the protocol to find it useful — they just need it to solve a problem the traditional system can’t.

Voices from the front lines

The Cornell researchers, working with Morning Consult, the Cornell Bitcoin Club, the Human Rights Foundation, and the Reynolds Foundation, interviewed people directly rather than relying solely on transaction data. The testimonies they gathered are telling. A Venezuelan respondent described bitcoin as “faster, cleaner, and much less risky” than other ways of obtaining dollars in a country still gripped by currency controls and the legacy of hyperinflation. A Salvadoran interviewee offered a more philosophical take: “When nobody controls [bitcoin], it means we all have control of it.” And a Nigerian respondent, describing travel across the continent, said simply: “I’ve been to six African countries and whenever I go there, I don’t fear it because I know I can spend my bitcoin.”

Those three countries aren’t newcomers to this story. Venezuela’s bitcoin uptake took off years ago as hyperinflation gutted the bolívar and government restrictions made dollars hard to come by. El Salvador made headlines in 2021 by adopting bitcoin as legal tender alongside the U.S. dollar, even as its own president has acknowledged that getting ordinary citizens to actually use it in daily life has been a struggle — though the government continues to add bitcoin to its reserves. Nigeria, meanwhile, has logged some of the highest transaction volumes anywhere in the world, with many residents turning to bitcoin savings as a hedge against the naira’s steep decline.

What it means for the future of cryptocurrency

Taken together, the two reports suggest cryptocurrency adoption is becoming less dependent on bull-market euphoria and more rooted in everyday necessity. That’s a meaningful shift for an industry long criticized as a speculative casino. When a market loses half its value and the underlying economic activity barely moves, it implies a growing base of users who aren’t logging on to chase price swings — they’re logging on because the banking system failed them, or because stablecoins let them move value across borders faster and cheaper than conventional channels allow.

None of this means volatility is gone, or that cryptocurrency has shed its risks. Bitcoin’s swing from an all-time high to a $67,000 drawdown in the same reporting period is a reminder of just how turbulent these markets remain. But for a growing number of people in Brazil, Venezuela, Nigeria, El Salvador, and beyond, that volatility is apparently a secondary concern next to the more basic question of whether they can access, save, or move their money at all. As both research efforts suggest, that’s precisely where cryptocurrency adoption is proving most durable — not in trading screens, but in the daily lives of people the traditional financial system has left behind.

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Porsche has written off its 911 NFT project PIONΞERS CIRCLE, leaving buyers with digital artworks that are down 96%.

PIONΞERS CIRCLE gave NFT holders access to various events, awards, and other opportunities that came with purchasing one of the NFTs modelled after the Porsche 911.

Porsche didn’t exactly explain why it shut the project down, but emphasised that it was a place for “experimentation” and  a “shared adventure.”

“As this journey draws to a close, Porsche continues to evolve, adapting to new opportunities and shaping the future in its own way,” the company’s X statement read. 

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Read more: 32 NFT predictions that aged like milk

It cost 0.911 ETH, worth roughly $1,400, to mint one of Porsche’s 911 NFTs when the project launched in 2023. 

The collection’s floor price reached a high of over 3 ETH (then worth $5,100) one month later.

Since then, the floor price has fallen over 96% to just 0.077 ETH (~$200). The current floor price is 85% less than the 0.911 ETH mint price at launch.

Despite the shutdown, Porsche says the NFTs “will remain with their respective holders and continue to exist on the blockchain.”

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Porsche NFT shutdown follows layoffs 

Last year Porsche fell out of Germany’s DAX stock index following a poor year for profits. 

Michael Leiters took over the company in January 2026 as it was already scaling down its “ultra-ambitious” production of electric vehicles.

This year, Porsche reportedly said it would cut 3,900 jobs by 2030, and another 5,000 by 2035. 

Chinese deliveries also reportedly plunged by 32% in the first half of 2026, while deliveries overall fell by 16.5%.

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Porsche still managed to report a 34% rise in profit, but its XETRA stock price is down almost 39% across the last year.

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