Robinhood is paying $29.75 million to settle FINRA’s investigations. The investigations were based on the company’s compliance with and supervision of the regulations. 

FINRA’s recent report says the settlement amount includes a $26 million civil fine and 3.75 million restitution to customers. They stated that Robinhood did not “respond to red flags of potential misconduct.” This has resulted in violations of anti-money laundering and supervisory and disclosure laws.

Robinhood faced processing delays because of higher demand from March 2020 to January 2021. During this period, Robinhood restricted the trading of GameStop meme stocks and AMC Entertainment Holdings. FINRA says that Robinhood Financial wasn’t able to supervise its clearing system properly.

Moreover, the company didn’t pick out or take action against the manipulative, fraudulent trades and suspicious money transfers or the times when third-party hackers took over customers’ accounts.

FINRA added that the company had also opened “thousands of accounts” without verifying the customers’ identities as per the rules. There was no implementation of anti-money laundering programs on the trading platform.

Robinhood’s social media consisted of paid promotions by influencers. According to FINRA, the platform did not responsibly “supervise and retain” the communications in these posts. The regulator stated, “Some of these communications included statements that were promissory or not fair and balanced, and thus misleading to investors.”

Robinhood did not admit to FINRA’s accusations despite the settlement agreement

Robinhood Financial is paying $3.75 million as compensation to customers for secretly “collaring” market orders and converting them into limit orders.

Robin Financial and Robinhood Securities did not explicitly admit their wrongdoings despite agreeing to pay the penalties because of FINRA’s findings.

Two months ago, on January 13, two of the Robinhood entities paid a settlement of $45 million to the US securities regulator. The company was then accused of violating 10 securities law provisions. At that time, Robinhood Financial and Robinhood Securities “admitted to certain findings,” accusing them of not maintaining or preserving electronic communications from customers from 2020 to 2021.

Robinhood reported its highest net income record of $916 million. It reached a billion in revenue during 2024 Q4.

The company reached a revenue of $358 million in crypto trading. Its total transaction-based revenue was $672 million. This marks a 200% increase from the previous year. There was a rise of 450% in crypto trading volumes reaching $71 billion.

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Despite “Pi Day” anticipation, Pi Network has plummeted over 55% since the start of the month, derailing Pi price forecasts with a $1.25 low before rebounding in the new week.

Now, with a 24-hour 100% increase in trading volume to $1 billion, it seems there has been a “buy the dip” market reaction to the front-running altcoin’s decline.

Such volatility has become synonymous with the token. Its highly anticipated debut and mainnet launch led to a 65% crash, only to be followed by a 400% rally in the weeks after.

With this track record, traders are beginning to question whether whale manipulation is at play.

What’s got Pi Down? Is Whale Manipulation at Play?

PI’s market structure makes it vulnerable to such manipulation. With few dApps built around the token, its price is primarily driven by speculation rather than actual use cases.

Without meaningful real-world adoption, Pi remains a prime target for short-term speculative trading, making it especially prone to sharp price swings.

Market analysts suggest that whales may be employing a “pump-and-dump” strategy—artificially inflating prices before mass sell-offs to capitalize on volatility.

Whale manipulation is a credible argument, broader economic pressures—such as US Trump’s “tariff war,” NATO tensions, and weak U.S. jobs data—are contributors to the March Drop.

All the while Pi Network is facing internal setbacks. An anticipated Binance listing, after receiving 86% approval in a community vote, has been delayed with no comment from the platform.

Pi Price Analysis: Could There Be Another 400% Rebound?

While Pi Network finds itself in a similar situation to February’s crash, a 400% rally from this point seems unlikely.

The recent breakdown from a symmetrical triangle pattern forming since late February has yet to hit its projected bottom at $0.87, suggesting a potential further 40% decline.

However, an early exit may be possible with the successful rebound from a key support zone that has held throughout the pattern—especially as indicators show bearish momentum easing.

The Relative Strength Index (RSI) is recovering after briefly touching the oversold threshold at 30, while the MACD line is on the verge of a golden cross—both signs of strengthening buying pressure.

The immediate resistance at $1.243 will be a key test of whether this rebound has staying power.

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Pi Network relies heavily on catalysts like exchange listings for growth—but that dependence has left it stuck, with investors missing out on key bull market gains.

This is the final year of the four-year halving cycle, where the real money is made. MIND of Pepe ($MIND) is positioning traders to get in early and stay ahead.

As a self-improving AI, MIND of Pepe is designed to deliver exceptional value to $MIND token holders.

It will actively engage with the crypto community through its X account—driving conversations, uncovering alpha opportunities, and delivering exclusive, token-gated insights.

Inside its Telegram community, holders get early access to high-potential tokens before they hit the market, keeping them ahead of the curve.

At the time of writing, MIND has raised almost $7.2 million in its ongoing presale, capitalizing on the Pepe brand and one of this cycle’s strongest meme coin narratives: AI agents.

You can keep up with MIND of Pepe on the mentioned socials, or join the presale on the MIND of Pepe website.

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