Overview

• Pi Network quietly publishes a MiCA-compliant regulatory white paper, opening the door for EU listings and driving a 10% jump in PI price.

• BNB Chain suffers another major exploit as GANA Payment loses $3.1 million; meanwhile, the DOJ hands Samourai Wallet’s CTO a four-year sentence.

• Bitcoin spot ETFs return to positive inflows with $75.47 million added, led by BlackRock and Grayscale, signalling renewed institutional demand.

The global crypto market saw a wave of high-impact developments over the past 24 hours, ranging from major regulatory breakthroughs in Europe to fresh security breaches, enforcement actions, and notable institutional inflows into Bitcoin exchange-traded funds (ETFs).

Pi Network Quietly Files MiCA Disclosure, Pi Coin Jumps 10%

Pi Network has published a MiCA-compliant white paper on its official website, marking its first formal regulatory filing under EU Regulation 2023/1114. The disclosure outlines tokenomics, risk factors, self-custody requirements, and a precise schedule for public trading.

The filing confirms two key dates:

• MiCA document publication: November 27, 2025

• Public offer commencement: November 28, 2025

Pi Network intends to qualify as a crypto-asset under the EU’s MiCA framework, enabling legal listings across Member States such as Germany, France, and Italy. 

The move follows the Valour Pi ETP, listed in Sweden earlier this year. Combined with a $100 million venture fund to support ecosystem development, the disclosures signal readiness for broader institutional adoption. Pi Coin surged nearly 10%, trading at $0.2433.

GANA Payment Drained of $3.1 Million in BNB Smart Chain Exploit

GANA Payment suffered a $3.1 million breach, according to on-chain investigator ZachXBT. 

Attackers consolidated funds at a single BSC wallet before converting assets into BNB and sending 1,140 BNB into Tornado Cash. Additional funds were bridged to Ethereum, where 346.8 ETH were also mixed via Tornado Cash.

A further 346 ETH remains dormant at a separate Ethereum address. The project, which lacks formal audits and has minimal technical documentation, saw its token plunge over 90%, per GeckoTerminal.

The exploit resembles other recent BNB Chain incidents, where smaller projects have collectively lost more than $100 million due to smart contract vulnerabilities, compromised keys, and liquidity pool drains.

Samourai Wallet CTO Sentenced to Four Years in $2B Laundering Case

The US Department of Justice secured a four-year federal prison sentence for William Hill, CTO of Samourai Wallet. Prosecutors say Samourai’s “Whirlpool” mixer and “Ricochet” transaction-hopping tool facilitated the laundering of over 80,000 BTC, more than $2 billion in illegal funds.

Hill’s sentencing follows that of CEO Keonne Rodriguez, who received a maximum five-year sentence earlier in November.

Court filings reveal that the founders openly promoted their tools to darknet users and cybercriminals. Both individuals forfeited $6.3 million in fees generated from the service, satisfying DOJ forfeiture claims.

The case is part of a broader US crackdown on crypto platforms associated with illegal finance. 

GENIUS Act Puts a Cap on Stablecoin Growth, Economists Warn

A new warning from Berenberg economist Atakan Bakiskan suggests that the recently enacted GENIUS Act imposes structural limits on the growth of payment stablecoins.

The law prohibits GENIUS-compliant issuers from paying any interest, making them uncompetitive against traditional bank deposits.

Bakiskan argues that Treasury-backed stablecoins cannot absorb significant US government debt nor rival deposit accounts, since they provide the convenience of digital dollars without the yield. 

However, his analysis stops short of addressing rapid growth in tokenised deposits and tokenised money-market funds, which can pay interest and are emerging as major competitors to both banks and stablecoins.

RippleX Engineers Explore Native XRP Staking

RippleX Head of Engineering J. Ayo Akinyele and outgoing Ripple CTO David Schwartz discussed designs for bringing native staking to the XRP Ledger.

Akinyele said staking could help align validators with token holders but would require rethinking XRPL’s fee-burning model. Schwartz added that while several two-layer consensus and ZK-based ideas are technically appealing, none appear immediately practical.

Both emphasised that discussions remain exploratory, serving to shape the long-term evolution of XRPL as programmability and DeFi adoption grow.

Also Read: XRP ETF Launch Sparks Massive Institutional Inflows

Bitcoin Spot ETFs Log First Net Inflow in Six Days

Bitcoin ETFs saw renewed institutional demand, recording $75.47 million in net inflows, the first positive day after nearly a week of outflows.

Key flows included:

• BlackRock IBIT: +$60.61 million (historical net inflow: $63.18 billion)

• Grayscale Mini Trust BTC: +$53.84 million

• Fidelity FBTC: -$21.35 million (historical inflow: $11.88 billion)

Total ETF net asset value now stands at $117.34 billion, representing 6.57% of Bitcoin’s market cap.

Also Read: Bitcoin News Today: Bitcoin Market Cools as Volatility Rises and Futures Drop

FAQs:

1. What caused Pi Coin to jump 10% today?
Pi Coin surged after Pi Network published a MiCA-compliant white paper, signalling readiness for EU-wide exchange listings.

2. What happened in the GANA Payment exploit?
Hackers drained $3.1 million from GANA Payment via BNB Smart Chain, routing funds through Tornado Cash on both BSC and Ethereum.

3. Why was Samourai Wallet’s CTO sentenced?
William Hill was given four years for operating Bitcoin mixing tools used to launder over $2B in illicit funds.

4. How does the GENIUS Act affect stablecoins?
It bans GENIUS-compliant issuers from paying interest, limiting stablecoins’ ability to compete with bank deposits.

5. Why did Bitcoin spot ETFs see positive inflows again?
Institutional demand picked up, with BlackRock’s IBIT leading a combined $75.47 million net inflow after nearly a week of outflows.