Pi Network’s First Year on Open Mainnet: Price Plummets 95% Despite Upgrades

After a year and three months, the price has stabilized around 15 cents, smart contracts are now functioning on the main network, and the project is undergoing a significant upgrade. What’s happened since the network initially opened is complex, and hasn’t been fully explained in one place. Here’s a timeline, based on official announcements from Pi Network, detailing their progress.

Tokenization: The Boring Revolution You’re Sleeping On

So, the market for tokenized real-world assets just hit $29 billion. It’s on track for $100 billion this year. And the crypto press is like, “Meh, too boring.” Because tokenization is the financial equivalent of watching paint dry-technical, run by the very firms crypto Twitter spent a decade roasting, and utterly devoid of memes.

CFTC Crypto Oversight Scandal: Officials Pushed Out After Raising Concerns

As an analyst, I’ve been following reports in the New York Times detailing internal concerns raised by career officials regarding several crypto firms. Specifically, they questioned activity related to Polymarket, Crypto.com, and an affiliate of Gemini. The core of their concerns centered on how these companies were treating customers, the strength of their fraud prevention measures, and whether one particular affiliate had completed all the necessary regulatory checks.

BONK/USD

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PENGU PREDICTION. PENGU cryptocurrency

Cryptocurrency Pudgy Penguins ranks 95 place by market capitalization. The price of PENGU has decreased by 86.86% from the maximum value on 17 December 2024. Today the price for 1 PENGU is 0.009018 USD. Yesterday the rate was 0.008703 USD for 1 Pudgy Penguins. PENGU/USD traded in the range of 0.0089690.009020. The difference compared to the previous day was 3.62%.

VET PREDICTION. VET cryptocurrency

Cryptocurrency VeChain ranks 94 place by market capitalization. The price of VET has decreased by 97.59% from the maximum value on 19 April 2021. Please be extremely careful. Today the price for 1 VET is 0.006766 USD. Yesterday the rate was 0.006526 USD for 1 VeChain. VET/USD traded in the range of 0.0067600.006780. The difference compared to the previous day was 3.68%.