Market
Elizabeth Warren Surprisingly Shifts on Crypto Debating Deaton

Massachusetts Senator Elizabeth Warren appeared to have softened her previously hardline stance against the cryptocurrency industry. During a recent debate with XRP advocate John Deaton, Warren signaled a more measured approach to digital assets.
The shift comes as cryptocurrency increasingly emerges as a political priority in the US election campaign.
Elizabeth Warren Signals Softer Crypto Approach
The Senator’s debate with rival aspirant John Deaton on Tuesday sparked speculation on whether Elizabeth Warren is rethinking her approach to the growing industry. The current Massachusetts Senator, who has often criticized cryptocurrencies for their potential to enable illicit activities and evade regulation, took a more balanced position this time.
“I’m all for having a crypto system if people want to buy and sell crypto. All I want is for them to follow the same rules as everyone else,” Warren expressed.
This statement reflects a significant departure from her prior rhetoric, which has often focused on the risks and downsides of crypto. While Warren emphasized the need for regulation and consumer protections, her openness to the idea of a functioning crypto market caught many by surprise.
Read more: Crypto Regulation: What Are the Benefits and Drawbacks?
The remarks came as Warren clashed with John Deaton, a prominent attorney and advocate for the crypto industry. Deaton highlighted Warren’s past efforts to regulate or outright ban cryptocurrencies and called her out for previous attempts to stifle the industry.
“It’s hardly surprising that industry players would back a pro-crypto candidate when you’ve tried to ban them,” Deaton said.
Warren, however, quickly responded by accusing Deaton of having financial ties to the crypto industry. She claimed that “90% of Deaton’s campaign” was funded by the crypto sector, suggesting this could compromise his integrity if elected.
“If John Deaton goes to Washington, his crypto buddies are going to want a return on their investment,” said Warren.
Taken together, the debate displays the deep ideological divide between the Republican and Democrat candidates. Specifically, while Warren focused on enforcing stricter rules and transparency, Deaton emphasized the potential benefits of supporting crypto innovation.
Deaton’s Criticism and Political Jabs as Warren’s Position on Crypto Evolves
Deaton did not hold back in his criticism of Warren’s stance, both in the debate and in his wider advocacy efforts. He pointedly said that Senator Warren should attack inflation the way she attacks crypto. He hinted that her efforts to curtail the industry have distracted from other pressing economic issues.
In a light-hearted but sharp comment, Deaton also mentioned his role in helping Chris Larsen, co-founder of Ripple, donate XRP to Vice President Kamala Harris, Warren’s candidate of choice.
“Madam Vice President, if you’re watching, you’re welcome,” Deaton quipped.
This was an allusion to the irony of supporting a candidate with links to Warren despite her anti-crypto history. It remains to be seen whether this marks a full pivot for Warren or simply a strategic recalibration. Galaxy’s head of Research, Alex Thorn, said Warren showed consistency in her remarks.
“No warren’s being consistent. May seem reasonable when she says same rules as the banks, but she means applying BSA compliance to non-custodial entities like wallets, software devs, smart contracts, miners, validators, which is effectively a ban on blockchain networks themselves,” Thorn commented.
Others like Caitlin Long, Custodia Bank founder, said Warren is okay with big banks jumping the Federal Reserve’s line. Nevertheless, her position seems to have evolved. Warren’s statement, “I’m all for having a crypto system,” as long as it adheres to banking rules and consumer protections, suggests she is not abandoning her regulatory goals.
Instead, she may recognize cryptocurrency’s growing importance in the global economy and adjust her approach to focus more on accountability rather than outright opposition.
Read more: How Can Blockchain Be Used for Voting in 2024?
Deaton’s closing remarks reflected this shift as well, noting that Warren was “not very anti-crypto tonight.” The debate has raised new questions about the future of cryptocurrency regulation in the US as the November elections approach.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
BNB Breaks Below $605 As Bullish Momentum Fades – What’s Next?

The crypto market just got a shock as BNB plunged below the crucial $605 support level, sending ripples of concern across trading circles. This sudden breakdown comes after weeks of bullish dominance, leaving investors scrambling to answer one critical question: Is this a temporary dip or the start of a major trend reversal?
With weakening momentum and key technical indicators flashing red, BNB charts are telling a worrisome story. The once-steady uptrend now faces its toughest test as the token struggles to maintain its footing in a suddenly bearish market.
Bearish Pressure Builds: Are BNB Sellers Gaining Control?
BNB’s price is facing growing bearish pressure after slipping below the crucial $605 level, signaling a potential shift in market momentum. The failed attempt to hold this key support has allowed sellers to take control, pushing BNB lower and raising concerns about a prolonged decline.
Technical indicators further confirm the increasing strength of sellers. The MACD has turned negative, indicating a loss of upward momentum, while the RSI is trending downward, suggesting that buying pressure is weakening. Additionally, trading volume remains low on attempted rebounds, highlighting a lack of conviction from bulls.
If sellers maintain their grip, BNB could extend its decline toward the next major support zone around $531, which previously served as a short-term bounce level during past corrections. A break below this zone would solidify bearish dominance and cause a deeper decline to $500.
Below $500, the next key level to watch is $454, representing a technical support area. Pushing below this level may trigger an extended sell-off, driving BNB toward other key support levels where traders may look for signs of reversal.
What Needs To Happen For A Rebound
For BNB to stage a meaningful recovery after breaking below $605, the bulls must reclaim key levels and generate strong buying momentum. Its first crucial step is stabilizing above $530, a short-term support zone that could provide the foundation for a reversal. Holding this level would signal that buyers are stepping in, preventing more declines.
A sustained move back above $605 would be the next major confirmation of a recovery. Reclaiming this level as support might shift market sentiment in favor of the bulls and trigger renewed buying interest. Additionally, the Relative Strength Index (RSI) needs to rebound from oversold conditions, while the MACD crossover into bullish territory would reinforce an upside move.
For a stronger bullish outlook, BNB would need to push past $680, a level that previously acted as resistance. Breaking above this zone with increasing volume could confirm a trend reversal toward $724 and $795, marking a full recovery from recent losses.
Market
Pi Network Struggles, On Track for New All-Time Low

Pi Network continues to struggle in the market as its price remains on a downward trajectory. Despite earlier optimism, investors have been increasingly skeptical of the coin, contributing to a prolonged downtrend.
The uncertainty around its value suggests Pi Network may be headed for a new all-time low (ATL).
Pi Network Witnesses Outflows
The ADX (Average Directional Index) has recently crossed the 25.0 threshold, indicating that the current bearish trend is gaining momentum. This is a concerning signal for Pi Network’s price, as the rising bearishness suggests that it will be increasingly difficult for the cryptocurrency to recover in the short term. With the ADX pointing towards sustained negative market forces, the pressure on Pi Network’s price will likely intensify as the token nears its previous ATL.
The growing strength of the bearish trend is compounded by investor uncertainty, with many questioning the token’s long-term viability. This uncertainty can lead to further selling and a lack of fresh buying support, making it even harder for Pi Network to find a solid foundation for recovery.

Pi Network’s macro momentum also paints a grim picture for the altcoin. The Chaikin Money Flow (CMF) indicator, which measures the volume of money flowing into and out of a coin, has been deeply negative. Although there has been a slight uptick, the indicator remains in the negative zone, signaling that investors are still reluctant to buy into the token.
The slight increase in CMF reflects minor capital inflows, but this could be short-lived if the skepticism persists. With investors hesitating and outflows continuing, Pi Network’s price faces significant challenges. The current trend suggests that more outflows could occur if the coin reaches a new ATL.

PI Price Nears New Low
Pi Network is currently trading at $0.70, just above its ATL of $0.62. The altcoin saw a 12.8% decline over the past 24 hours after failing to reclaim $0.87 as support. This failure to regain previous support levels shows the continued lack of investor confidence.
If the bearish trend persists, Pi Network is likely to fall through the $0.62 support level, potentially dropping to $0.50. A new ATL could be set as the market sentiment continues to weigh heavily on the price, leading to further losses for existing investors.

The only way to reverse the bearish outlook is for investors to change their approach and capitalize on low prices. Increased inflows could potentially drive Pi Network’s price back above $0.87, and if it surpasses the $1.00 level, it would reclaim critical support and signal a possible recovery for the altcoin.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Bitcoin Mining Faces Tariff Challenges as Hashrate Hits New ATH

The Bitcoin mining industry is becoming increasingly competitive as the network’s hashrate reaches an all-time high (ATH). At the end of March 2025, Bitcoin’s hashrate hit 850 million TH/s.
However, alongside this impressive growth, the industry is struggling with rising production costs and new tariff barriers, particularly in the US. These factors are putting significant pressure on mining companies and could reshape the sector’s future.
Hashrate Surges, Mining Costs Soar
Bitcoin’s hashrate measures the total computing power used by miners to secure the network and validate transactions. It is expressed in terahashes per second (TH/s), representing the number of hash calculations the network performs every second.
According to Blockchain.com, Bitcoin’s hashrate surpassed 850 million TH/s in March. This increase reflects a rise in miners joining the network and growing confidence in Bitcoin’s value and security.

“Each time the network gets stronger, Bitcoin becomes harder to attack, harder to ignore, and more justified in commanding a higher valuation. This isn’t just code. It’s economic gravity. Bitcoin has become the most secure monetary network humanity has ever seen. And it’s only getting stronger.” — Thomas Jeegers, CFO & COO of Relai commented.
Despite this surge in hashrate, mining profits are not rising accordingly. According to a report from Macromicro, the cost of mining one Bitcoin has doubled since early 2024, now reaching $87,000. The main drivers behind this increase are rising electricity prices and the high operational costs of specialized mining hardware (ASICs).
With Bitcoin’s price fluctuating, many mining companies risk operating at a loss unless they optimize their efficiency. This challenge is particularly severe for smaller miners, who lack the scale advantages or access to cheap electricity that larger firms enjoy.
Tariff Challenges and Dependence on Chinese Hardware
Another major obstacle for Bitcoin miners is trade restrictions, particularly in the US. According to CoinMetrics, ASIC miners produced by Bitmain, a Chinese company, account for approximately 59%–76% of Bitcoin’s total hashrate.

Bitmain has long been a dominant player in mining hardware, with popular models like the Antminer S19 and S21 known for their high efficiency. However, in early 2025, some US mining companies experienced delays in receiving Bitmain shipments due to tighter customs controls and new tariffs on Chinese imports.
“With Bitmain accounting for a majority of Bitcoin’s network hashrate, reliance on a single manufacturer, despite having distributed supply chains, presents a potential risk. Since Bitmain is primarily based in China, its dominance highlights how geopolitical dependencies can affect the stability of mining operations,” CoinMetrics reported.
These tariffs are not new. According to SCMP, the US has imposed duties of up to 27.6% on imported mining equipment from China since 2018.
However, recent measures indicate increasing regulatory scrutiny and trade pressures, further raising import costs for mining hardware. This inflates operational expenses for US-based miners and disrupts supply chains, limiting their ability to scale as global hashrate rises.
Recently, Hut 8 Corp., a Bitcoin mining and high-performance computing infrastructure firm, partnered with Eric Trump and Donald Trump Jr. to establish American Bitcoin Corp.
The company aims to become the largest and most efficient pure-play Bitcoin mining operation globally while building a strong strategic Bitcoin reserve. This move highlights the increasing interest from US institutional investors in the competitive mining industry.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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