Pi Network’s 6-Year Journey: From Inception to Today

Since its inception, Pi Network has adopted a community-driven growth strategy, allowing users to mine PI tokens via a mobile app. In 2020, the project moved to its testnet phase, providing developers with the opportunity to test their projects on the network—an essential step toward expanding the ecosystem.

By the end of 2023, the transition to the Open Network became one of the project’s most significant milestones. This phase enabled PI, the native token of Pi Network, to be listed on various cryptocurrency exchanges. However, the most anticipated Binance listing has yet to materialize. If Binance lists PI, a substantial price increase is expected due to increased liquidity and exposure.

Current Status of PI Token Price

Following its initial listings, PI token surged to $3, attracting investor interest. However, a period of silence from the project and heightened expectations caused a slight price retracement. Recent speculation about Binance potentially listing PI through a community vote has injected renewed excitement into the market. If Binance confirms the listing, PI could experience another major rally.

Final Stages of the Mainnet Migration

Pi Network requires users to complete their Know Your Customer (KYC) verification to access full network functionality. Users who pass KYC can transfer their mined tokens to the mainnet. However, the “Grace Period” phase is still ongoing. If users fail to complete their KYC within this timeframe, they risk losing access to PI tokens accumulated over the past six months.

Thus, completing the mainnet transition is crucial not only for increasing exchange listings but also for strengthening the token’s long-term value.

What’s Next for Pi Network?

With the transition to the Open Network, Pi Network is expected to gain more visibility on global cryptocurrency exchanges. If Binance lists PI, the token could attract a broader investor base and gain further market credibility.

One of the project’s key priorities is ensuring that more users complete the KYC process. The faster users complete verification, the faster Pi Network’s ecosystem will expand. Additionally, wider adoption of PI as a utility token will be essential for long-term success.

However, one of the biggest challenges ahead is securing support from major exchanges. Whether Binance will list PI remains one of the most closely watched developments among the Pi Network community and investors alike.

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Large-Scale LINK Sell-Off

On-chain data reveals that in the past two hours, the whale sold approximately 18.36 million LINK tokens worth $1.34 million. This sale resulted in a $512,000 loss, equivalent to 2.7% of the total transaction value. The average selling price for LINK during this operation was $13.70.

Strategic Moves on GMX and Hyperliquid

Beyond spot market activity, the whale also closed its long positions on the GMX platform, securing a profit of $195,000. However, the most notable move occurred on Hyperliquid, where the whale completely exited its LINK long positions and shifted funds into 40x leveraged Bitcoin (BTC) short positions. At present, this trade holds an unrealized profit of $290,000.

Market Conditions Driving the Whale’s Strategy

These transactions coincided with Chainlink’s major token unlock event. In a significant development, LINK’s price surged 14% from $12.77 to $14.54, following a partnership announcement with OpenEden. Meanwhile, Bitcoin’s 4% price increase further fueled market volatility.

The whale’s aggressive and calculated maneuvers once again highlight how large-scale investors can swiftly adapt to major market events. With leveraged positions and sudden strategic shifts, the impact of this whale’s trades on market sentiment remains a topic of keen interest.

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Bailey argues that limiting the program to traditional financial transactions could exclude a significant number of potential investors, particularly those from developing nations who face strict capital controls when moving large sums abroad. According to Bailey, Bitcoin provides a secure, fast, and transparent solution for cross-border capital transfers, making the Gold Card visa more accessible to a wider pool of global investors.

Could Bitcoin Become a Gateway to U.S. Residency?

A prominent figure in the cryptocurrency world, Bailey has called on the Trump administration to consider accepting Bitcoin payments for the Gold Card visa. He emphasized that Bitcoin’s censorship-resistant and decentralized nature would allow investors to move their wealth freely, bypassing bureaucratic hurdles and restrictions often imposed by traditional banking systems.

If such an initiative were adopted, it would mark a historic moment for both Bitcoin and U.S. immigration policy, positioning the U.S. as a pioneer in integrating digital assets into its residency programs. This could boost Bitcoin’s legitimacy on a global scale, while also reinforcing America’s position as a leader in financial and technological innovation.

The Intersection of Bitcoin and Immigration Policies

Experts suggest that accepting Bitcoin as an official payment method for U.S. residency could have profound economic and legal implications. The move could enhance Bitcoin’s legal standing, encourage broader adoption, and signal a shift in how governments perceive digital assets. At the same time, the U.S. government would benefit from lower transaction costs and more efficient capital inflows compared to traditional financial systems.

The cryptocurrency community is closely watching how Washington responds to this proposal. If the Trump administration and legislative bodies were to greenlight BTC payments for residency, Bitcoin could transcend its current role as a speculative asset and emerge as a practical tool in global migration and investment policies.

For now, it remains uncertain whether Trump will embrace Bailey’s vision. However, if implemented, this could open a new chapter in the intersection of cryptocurrency and immigration, potentially making Bitcoin a gateway to the American dream.

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First Trading Rules for ARKM

Upbit has imposed some trading restrictions in the first phase in order for the listing to take place in a smooth and balanced manner. Accordingly

• Only sell orders can be placed during the first five minutes of trade opening, and buy orders will be restricted.
• Sell orders cannot be placed below 10% of the previous day’s closing price during the first five minutes.
• Only limit orders will be accepted during the first hour.
• ARKM’s previous day closing price was 0.00000596 BTC, which is equivalent to approximately KRW 700.2.

Fee Waiver and Deposit Guidelines

In the statement made by the exchange, some advantages will also be offered in order for users to manage the transaction process more comfortably:

• As of 11 March 15:30 (KST), ARKM withdrawals will be fee-free for 24 hours.
• It is important that users choose the correct network (Ethereum ERC-20) to avoid delays in deposits.
• Large or suspicious deposits may be subject to source verification in accordance with Upbit’s compliance policies.

Following the listing news, ARKM increased by more than 50%.

What is Arkham (ARKM)?

Focusing on transparency and analytics in the blockchain world, Arkham is an intelligence platform that analyses on-chain data using advanced artificial intelligence technologies. The main features offered by the platform are as follows:

Arkham Intelligence: Provides detailed insights by analysing transactions and addresses on the blockchain.
Arkham Intel Exchange: Allows users to buy and sell blockchain-related information using ARKM tokens. This system is known as the ‘Intel-to-Earn’ model and allows users to evaluate on-chain information.

ARKM Token Usage Areas: ARKM plays an important role in the ecosystem as a utility token used for management and various services within the platform.

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US Labor Force Data Announced

16:30 – US Unemployment Rate (Expected: 4.0%, Previous: 4.0%)

16:30 – Average Hourly Earnings (Monthly) (Expected: 0.3%, Previous: 0.5%)

16:30 – Non-Farm Payrolls (Expectation: 159K, Previous: 216K)

These data will be critical to assess the health of the US labor market and inflation pressures. In particular, lower-than-expected non-farm payrolls data may be seen as a signal of economic slowdown. However, low average hourly earnings could put pressure on the Fed to review its interest rate policy.

In the past, such data has created high volatility in the markets and shaped the Fed’s monetary policy. The figures to be released today will be especially decisive for the dollar, stocks and crypto markets.

FED and Trump’s Statements May Affect Markets

19:00 – Fed Monetary Policy Report to be Published

20:30 – Fed Chair Jerome Powell to Speak

21:30 – US President Donald Trump to Make a Statement

The Fed’s monetary policy report and Powell’s statements will carry clues about interest rates. Powell’s hawkish (tightening) or dovish (easing) stance may cause sudden movements in the markets.

Trump’s statements will shape expectations regarding economic policies. In particular, his messages on crypto markets and global trade policies will be on investors’ radar.

In recent months, the Fed’s interest rate hikes and anti-inflation policies have caused major fluctuations in financial markets. Today’s announcements could play a critical role in determining the direction of the US economy.

In summary, the economic data and leaders’ speeches that will be released throughout the day may create volatility in a wide range of markets, from cryptocurrencies to traditional markets. Bitcoin and altcoin markets in particular may be sensitive to interest rate policies and Trump’s economic messages.

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The summit, which will take place at a time when the US is at a critical threshold regarding crypto regulations, is expected to discuss important issues regarding regulations, public-private sector cooperation and the future of the sector.

Who are the Crypto Leaders Attending the Summit?

More than 25 industry leaders and members of the Presidential Digital Assets Working Group will attend the meeting at the White House. Here are some important names that will be present at the summit:

• Michael Saylor (CEO of MicroStrategy) – Advising the Trump administration to adopt Bitcoin as a national reserve asset.
• Brian Armstrong (Coinbase CEO) – Lobbies for crypto-friendly regulations and directly represents the industry.
• Brad Garlinghouse (Ripple CEO) – In the spotlight after XRP’s inclusion in the reserve.
• Chris Dixon (a16z General Partner) – He will be at the summit as the representative of Andreessen Horowitz, which invests heavily in crypto startups.
• Fred Thiel (CEO of MARA) – He will attend the summit as a representative of the Bitcoin mining industry.
• Mike Belshe (BitGo CEO) – The direction of regulations on the side of centralized exchanges is also very curious.
• Sergey Nazarov (Chainlink Co-Founder) – Chainlink’s role in decentralized finance (DeFi) and blockchain infrastructure is quite big.
• Zach Witkoff (CEO of World Liberty Financial) – The future of Trump-backed DeFi projects is also a hot topic.
• Kris Marszalek (CEO of Crypto.com) – The integration of the crypto sector into the mainstream financial system is another important topic.
• Vlad Tenev (Robinhood CEO) – He will represent the bridge between traditional finance and crypto markets.
• The Winklevoss Brothers (CEOs of Gemini) – Following their lawsuit with the US Securities and Exchange Commission (SEC), they will participate to contribute to improving the regulatory environment.

In addition to these names, many investors and industry leaders will also take part in the summit.

What Topics Will Be Discussed?

The summit will bring together the biggest names in the crypto industry, and the following topics are expected to come to the fore:

• Crypto Regulations: Determining the new legal framework that will shape the cryptocurrency industry in the US.
• Decentralized Finance (DeFi) and Web 3.0: The US government’s attitude towards DeFi projects may become clear.
• Bitcoin’s Use as a National Reserve: Michael Saylor and some executives are lobbying for the US to adopt Bitcoin as a national strategic asset.
• Mining Policies: New regulations on Bitcoin mining and energy consumption may be discussed.
• Institutional Crypto Adoption: How institutional investors can become more involved in crypto markets.

Who is Not Attending the Summit?

Although many of the biggest names in the crypto world are attending the summit, it is noteworthy that some important figures have not yet been officially announced:

• Cathie Wood (CEO of Ark Invest)
• Vitalik Buterin (Ethereum Co-Founder)
• Jeremy Allaire (Circle CEO)
• Paolo Ardoino (Tether CEO)
• Anatoly Yakovenko (Solana Founder)

If some of these names are invited at the last minute, the scope of the summit could expand even further.

A New Era Begins in US Crypto Policies

A direct meeting between the White House and the crypto industry’s biggest players could open the door to a new era in the US approach to digital assets.

The crypto industry has long complained about regulatory uncertainty. However, this summit is seen as an important sign that the sector will now have more say in decision-making processes.

Eyes are now turned to this historic meeting that will take place at the White House on March 7, 2025. The decisions to be taken at the summit could shape the future of the US and the global crypto ecosystem.

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Crypto Summit: Date, Time and Participants

The first White House crypto summit, organized by US President Donald Trump and newly appointed Artificial Intelligence and Crypto Czar David Sacks, will be held on Friday, March 7, 2025. Taking place from6:30 PM to 10:30 PM UTC, the event will bring together the crypto industry’s most influential figures, regulators and government officials.

The summit at the White House will be attended by the biggest names in the industry and senior officials from the US administration. Participants include:

• Michael Saylor (Chairman of MicroStrategy)
• Brad Garlinghouse (Ripple CEO)
• Sergey Nazarov (Chainlink Co-Founder)
• Cameron & Tyler Winklevoss (Gemini Founders)
• Brian Armstrong (Coinbase CEO)
• Howard Lutnick (US Secretary of Commerce)
• Scott Bessent (US Treasury Secretary)

Representatives from the SEC and CFTC are also attending the summit. However, some industry leaders, such as Charles Hoskinson (Founder of Cardano), have yet to confirm whether he will attend the event.

A larger reception will be organized after the summit, allowing for more guests to attend.

What’s on the Agenda?

US Strategic Crypto Reserve: Trump announced that the government will keep confiscated Bitcoins as a national reserve.

Crypto Regulation and Taxation: The new administration plans to ease SEC pressure and withdraw lawsuits against platforms like Coinbase and Kraken.

US Global Crypto Leadership: The summit will address topics such as crypto taxation, the CBDC ban and DeFi regulations.

Conflict of Interest Discussions

Trump’s partnership with World Liberty Financial and the issuance of his own memecoin calls into question his influence on the industry. Those who think memecoin projects are harming the crypto market are debating whether this summit really serves the industry or Trump’s interests.

This summit is seen as an important step that will show whether the US will create a crypto-friendly legal framework.

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The signs of recovery that NFTs showed in the last months of 2023 were quickly replaced by a decline as the new year began. While there was a 26% loss in trading volume in January, the decline reached 50% in February.

What Causes the Decline in NFTs?

The decline in the NFT market seems to be closely linked to fluctuations in the overall cryptocurrency market. DappRadar analyst Sara Gherghelas notes that NFT prices are highly correlated with major cryptocurrencies such as Bitcoin and Ethereum.

Developments in the crypto market in recent months also support this decline:

• December 2023: The total value of the crypto market reached a new high of $3.71 trillion.
• January 2024: Bitcoin hit a record high of $109,000.
• February 2024: Markets experienced uncertainty due to US President Trump’s trade policies and crypto assets saw a sharp pullback.

This uncertainty was reflected in the NFT market, leading investors to become risk-averse and move away from NFTs.

Interest in NFTs Did Not Decline, Number of Users Increased

Although trading volume declined, the number of users interacting with NFT platforms increased by 6% to 3.5 million in February.

The biggest reason for this increase is the growing interest in AI-powered NFT projects. AI integration is transforming NFTs from mere collectibles into interactive and useful digital assets.

Gherghelas notes that this trend could change the direction of the NFT market in the future:

“Speculative NFT trading may be subject to fluctuations, but projects with strong use cases will shape the Web3 ecosystem in the long run.”

Which NFT Categories Stand Out?

Even though NFT trade volume declined, some categories continued to gain traction:

1. Profile Picture (PFP) NFTs: $243 million in volume with76,385 sales.
2. Gaming NFTs: 421,853 assets changed hands, generating $41 million in volume.
3. Sports NFTs: 659,097 transactions worth $7.7 million were traded.

It is noteworthy that gaming and sports NFTs in particular remained smaller in terms of total volume despite the high number of sales. This shows that individual investors are making their presence in the market with smaller transactions rather than large-scale NFT purchases.

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Is the Banking Barrier to Crypto Companies Lifting?

In recent years, many crypto companies have experienced great difficulties in accessing banking services due to regulatory pressures in the US. In particular, the collapse of Silvergate and Signature Bank deepened the problems of access to the traditional financial system in the crypto market. The new bill presented by the Republican Party aims to bring a solution to this situation.

It is a matter of curiosity how the bill, which argues that crypto companies should be recognized as legitimate financial institutions, will be received in the US Congress.

Tension Between Crypto and Banks

Crypto companies were seen as risky customers due to the uncertain attitudes of regulators and were unable to receive services from many banks. The Biden administration and the SEC’s strict stance had led the industry to seek more decentralized solutions.

This bill of the Republican Party is seen as an attempt to end discrimination against crypto companies in the financial sector. If passed, it could pave the way for crypto startups in the US to work more easily with traditional banks.

Could this regulation, which could be a big step for the crypto sector, open the doors to a crypto-friendly financial environment? We are following the developments closely.

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Conflict of Authority between SEC and CFTC

The jurisdictional struggle between the SEC and the CFTC over which regulatory framework crypto assets should be subject to has been going on for a long time. While the SEC considers many digital assets as securities and imposes strict regulations, the CFTC considers some assets, such as Bitcoin, as commodities and advocates a more flexible approach.

This disagreement creates confusion in the industry by creating uncertainty about which regulations companies must comply with. The SEC’s past enforcement-oriented stance has become a major risk factor, especially for crypto startups.

Joint Committee Move by Congress

A new initiative has come from the US Congress to reduce regulatory uncertainty. Representative John Rose introduced a bill called the BRIDGE Digital Assets Act. This bill envisions the SEC and CFTC to work collaboratively through the Joint Advisory Committee (JAC).

Rose stated that the current regulatory framework leaves crypto companies in a difficult situation, “The US must provide an environment that supports the growth of digital assets. The current repressive approach pushes innovation abroad.”

However, political support is needed to create this committee. If implemented, this step could create a more systematic framework for crypto regulation.

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