Pi Network (PI) Faces Harsh Reality: Price Plummets 60% amidst Scam Concerns
Pi Network (PI) price crashed more than 60% in the past 24 hours after warnings from Bybit CEO Ben Zhou and Chinese authorities.
This news section spotlights emerging altcoins, project updates, tokenomics changes and ecosystem developments driving innovation in DeFi, Web3 and digital assets. Keep track of the next wave of digital currencies before they make headlines—and gain insights that matter in the altcoin sector.
Pi Network (PI) price crashed more than 60% in the past 24 hours after warnings from Bybit CEO Ben Zhou and Chinese authorities.
The rising supply of stablecoins like USDT and USDC signals potential bullish sentiment, with analysts viewing them as “dry powder” for altcoins rally ahead.
Canary Capital’s spot Litecoin ETF has been listed on the DTCC system, setting the stage for potential trading upon SEC approval.
Amid rising anticipation of a new bull run in DeFi tokens in the next altseason, Maker and Lido DAO are emerging as spearheads. However, some big names and smart whales in the industry are quick to exit. What does this mean for your DeFi portfolio?
“If I can hold that, if I can self-custody that, if it pays me interest, and I can actually use it to transact, what do I need a bank for?” – Mike Cagney, CEO of Figure.
The controversy around Pi Network deepens as Bybit’s CEO reinforces his position against listing the token, citing fraud concerns and sharing official warnings.
“The recent news [LIBRA scandal] should be taken not as a reason to give up, but rather as an example of why education is so important.” – Vitalik Buterin
Despite falling 47% from its 2024 peak, Tron’s TRX token shows promising recovery indicators through ecosystem growth, network efficiency, and favorable technical patterns.
A major European financial institution launches its regulated Euro-backed stablecoin on Stellar, aiming to enhance cross-border value transfers and adoption.
Pi Coin dramatically crashed 55% within hours, tumbling from a high of $1.989 to a stunning low of $0.9123, with analysts fearing further collapse to zero.
The Solana-based DEX, Jupiter, marks a small intraday recovery while the monthly returns are down at 27%. Despite the intense bearish pressure, an analyst expects this recovery to scale to $1.
The launch of the LIBRA meme coin, promoted by Argentine President Javier Milei, resulted in a significant market pump and dump, leaving 86% of traders with losses.
Users can earn points which can be redeemed for ASTR token by interacting with apps, chains, and DeFi projects on the Soneium network.
The altcoin industry has continued to bleed to the Bitcoin in the past few years as shown by its dominance, but the altseason is on horizon.
Backed by Tether, Mansa raised $3 million in a pre-seed round and $7 million in liquidity funding from institutional investors to expand its cross-border stablecoin payment services.