6 hours ago
TL;DR PI dropped from nearly $3 to $1.72, possibly due to Binance’s inaction despite 86% community support for a listing. Some predict a rally above $4, while extreme targets like $314.159 seem unrealistic given PI’s massive required market cap. PI Heads South The native token of Pi Network saw the light of day on February 20, almost six years after the birth of the project . The asset was at the forefront of gains during its first trading days, rising to almost $3 on February 27. Since then, though, PI has been on a substantial decline , reaching a local bottom of $1.52 on March 2 and currently standing at around $1.72 (per CoinMarketCap’s data). PI Price, Source: CoinMarketCap One possible factor contributing to the asset’s poor performance lately could be Binance’s intervention, or more precisely, its lack of action. In February, the biggest crypto exchange held a community vote to determine whether its users would want to see PI available for trading. The results became official on February 27, with over 86% of the voters clicking the “yes” option. Despite the overwhelming support, Binance has remained silent on the matter, and PI is not currently available on the platform. A potential listing would increase the token’s liquidity and accessibility and might create upward pressure on the valuation. Some of the leading crypto exchanges that have already allowed trading services with PI include Bitget, OKX, and MEXC. What Might be Next? Contrary to the recent price decrease, many industry participants remain optimistic that the coin’s valuation could soar to impressive levels in the near future . The X user GEM HUNTER assumed that a breakout above $1.85 could trigger a price rally to above $4. Prior to that, some community members envisioned a spike to $3.14 and even $314.159 – numbers symbolically linked to π (Pi) ≈ 3.14159. It is worth mentioning that the second target would require PI’s market cap to explode above $2 trillion (assuming the circulating supply is the 6.8 billion coins stated by CoinMarketCap). The current capitalization of the entire cryptocurrency market is roughly 3.15 trillion, making the forecast highly implausible. The post Why Is the Pi Network (PI) Price Down 40% in the Past 4 Days? appeared first on CryptoPotato .
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Tyler Winklevoss Questions Suitability of XRP, SOL, ADA for US Crypto Holdings
Tyler Winklevoss, co-founder of Gemini, has publicly questioned the inclusion of XRP, solana (SOL), and cardano (ADA) in a proposed U.S. strategic crypto reserve. Winklevoss Criticizes Trump’s Proposed Crypto Reserve Inclusion of XRP, SOL, ADA Over Suitability President Donald Trump, the 47th U.S. president, announced on March 2, 2025, that XRP, SOL, and ADA would Crypto Potato
SEC Drops Lawsuit Against Kraken With No Penalities, Charges or Admission of Guilt
The U.S. Securities and Exchange Commission (SEC) is dropping charges once again in another high-profile crypto investigation. According to Kraken, the second-largest US crypto exchange by volume, the SEC has agreed “in principle” to dismiss its lawsuit against the exchange. Kraken says the SEC is dropping the lawsuit “with prejudice, with no admission of wrongdoing, no penalties paid and no changes to our business.” According to Kraken, the SEC’s investigation was politically motivated and meritless. Said Kraken of the SEC’s investigation last year, “The SEC is moving in the wrong direction. Its theories in litigation are incoherent. We remain committed to doing what we believe is right for our community of clients and innovators. Our mission – accelerating the adoption of cryptocurrency so that everyone can achieve financial freedom and inclusion – remains central to everything we do.” The exchange now says it looks forward to regulatory clarity from the new regime. The announcement is the latest in a string of changes to the SEC’s crypto regulatory policies. In addition to the consolidation and creation of a new crypto task force, the Cyber and Emerging Technologies Unit (CETU), just last week, the SEC also dropped several other big-name investigations in February, including inquiries into Coinbase , Robinhood , Opensea and MetaMask . Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post SEC Drops Lawsuit Against Kraken With No Penalities, Charges or Admission of Guilt appeared first on The Daily Hodl . Crypto Potato
