Day: February 1, 2025

Pi Network price at risk of a 32% crash as mainnet launch odds fall

The Pi Network price remained under pressure on Friday after the developers postponed the grace period for the know-your-customer verification deadline. The developers announced that the new deadline for completing the verification process will be February 28. This marks the third time the deadline has been extended. The developers noted that the extension will allow as many pioneers as possible to conduct the KYC process and migrate their tokens to the mainnet. Pioneers who do not complete the process by February 28 will only be able to migrate tokens mined…

Lido Spikes 20% Following Kraken’s Staking Relaunch In Select US States

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Ash is a dedicated crypto researcher and blockchain enthusiast with a passion for diving deep into the evolving world of decentralized technologies. With a background in writing and a natural curiosity for how digital assets are shaping the future, he has immersed himself in various sectors of the cryptocurrency space, including decentralized finance (DeFi), NFTs, and liquidity mining. His journey into crypto started with a desire to fully understand the technology behind it, leading him to explore and engage with these systems firsthand. Ash’s approach to DeFi goes beyond surface-level…

New York Stock Exchange Files with SEC To Convert Grayscale’s XRP Trust Into Spot Exchange-Traded Fund

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A subsidiary of the New York Stock Exchange wants to convert Grayscale’s XRP Trust into a spot exchange-traded fund (ETF). The ETF and securities exchange NYSE Arca filed with the U.S. Securities and Exchange Commission (SEC) to propose the rule change. Grayscale, a crypto asset manager, believes converting the trust into an ETF “would provide other investors with a way to invest in XRP on a regulated national securities exchange,” according to NYSE Arca’s filing. The XRP trust has nearly $16.2 million worth of assets under management (AUM) at time…

Bitcoin Eyes $108K: Can Bulls Sustain Momentum Against Bearish Signals?

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Bitcoin has recently faced a slowdown in its upward trajectory after reaching over $105,000 earlier this week. The cryptocurrency had shown signs of a potential breakout, but key indicators have come into focus as the market evaluates its next move. The latest insights from analysts have raised questions about whether Bitcoin’s market momentum can overcome the resistance level at $108,000, its previous all-time high. Analyzing Bitcoin’s Market Indicators Amid the price performance from BTC, CryptoQuant analyst ShayanBTC has provided insights on the challenges and possibilities ahead for Bitcoin. Shayan noted…