Crypto
Pi Network cryptocurrency crashes 55%: Pi Coin price falls below $1.5 as KYC deadline looms—Can Binance listing help?
At the time of writing, Pi Coin trades at $1.41, a modest 1.6% rise in 24 hours. However, volumes have dropped by nearly half to $379.1 million. Its market capitalisation stands at $10.18 billion, but with prices still down 53% from its peak of $2.98 on 26 February, investors are on edge.
March 14: The Make-or-Break Deadline
Adding to the uncertainty is Pi Network’s KYC and migration deadline on 14 March 2025—its sixth anniversary. The project has extended this grace period multiple times to allow as many users as possible to verify their balances. However, this is the final chance for Pi holders to complete the required steps before forfeiting their mobile balances.
Pi Network has long marketed itself as a community-driven digital currency, aiming for widespread adoption. However, delays and unclear timelines have cast a shadow over its long-term viability. The upcoming deadline could be a turning point for the project—either bolstering confidence or sparking mass sell-offs.
Binance Listing: The Big Question Mark
A potential Binance listing has been the biggest talking point in the Pi Coin community. According to a recent Binance survey, an overwhelming 86% of users voted in favour of listing Pi. Despite this, Binance has yet to make an official statement, keeping the market in suspense.
A Binance Crypto PM noted on the platform, “PI has already secured listings on multiple CEXs, but Binance has kept the community waiting.” The note further highlighted that Pi has been on a downward trend, falling 20% to around $1.40 in the past week. However, the analyst added, “A Binance listing could be the game-changer needed to push its price back to $3—or even higher.”Another Binance user, PortableDetective07, pointed out that price predictions for Pi Coin remain uncertain. While some analysts believe it could stabilise between $2-$5, others are more bullish, predicting a surge to $30-$70 by the end of the year—assuming major exchange listings and mass adoption. However, the massive volume of mined Pi coins could also send prices tumbling below $1 if selling pressure outweighs demand.
The Wider Crypto Market: Bitcoin and the Trump Factor
Pi Coin’s price drop coincided with a 10.46% decline in the overall crypto market. This came despite the announcement of the US Crypto Reserve, established by former President Donald Trump. According to CoinSwitch Market Desk, the market’s reaction was negative, as investors had expected the US government to inject fresh capital into cryptocurrencies.
Bitcoin has also felt the heat, slipping amid uncertainty surrounding the Strategic Bitcoin Reserve order and ongoing tariff disputes. While long-term projections remain optimistic, the near-term outlook remains shaky, with traders bracing for further fluctuations.
Pi Network’s Future: Where Does It Go from Here?
Pi Network’s success so far has hinged on its unique mobile mining model, allowing users to earn tokens without expensive hardware. This accessibility has drawn millions of users, creating a vast community eager to see Pi Coin succeed. However, the project’s repeated delays in launching a fully functional mainnet have raised concerns.
According to Fortune India, if Pi Network becomes a widely accepted digital currency with real-world use cases, its price could exceed $500 by 2030. Some experts predict that if Pi surpasses $1.90 with strong volume, it could trigger a rally towards $10. However, failure to break past this level could result in further declines, with analysts warning that support above $1.74 is crucial for a bullish breakout.
The Rise of Lightchain AI: A New Challenger?
As Pi Network grapples with uncertainty, investors are looking for the next big opportunity. One project gaining traction is Lightchain AI, which merges blockchain with artificial intelligence to create a decentralised ecosystem with real-world applications.
Lightchain AI has already raised over $17 million in its presale, attracting significant investor interest. Its ability to process AI computations on-chain sets it apart from traditional cryptocurrencies, offering a scalable and efficient ecosystem for developers and businesses. With AI adoption accelerating, blockchain projects integrating intelligent automation are gaining momentum.
Could Lightchain AI Replicate Pi’s Success?
Pi Network’s rapid rise demonstrated the power of early investment in crypto. Early adopters benefited from its growing popularity, even as the project faced delays. Lightchain AI now presents a similar opportunity—an innovative, early-stage blockchain project with massive growth potential.
Investors eyeing Lightchain AI should research its roadmap and vision. With its advanced AI integration and growing recognition, some believe it could surpass Pi’s success. However, as with any emerging project, risks remain. Strategic early entry and long-term holding could be key to maximising potential returns.
Pi Coin remains one of the most talked-about cryptocurrencies, but uncertainty looms large. Will a Binance listing spark a rally? Will the March 14 deadline trigger a sell-off or renewed confidence? Meanwhile, Lightchain AI is making waves, offering an alternative investment opportunity with AI-powered blockchain solutions.
The crypto market is evolving rapidly, and while speculation drives short-term price movements, long-term success depends on real-world adoption. As investors weigh their options, one thing is clear: the search for the next big crypto success story is far from over.
Crypto
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Crypto
Crypto mogul Do Kwon sentenced to 15 years in prison over $40B ‘epic fraud’
Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, was sentenced on Thursday to 15 years in prison for for what a judge called an “epic fraud.”
U.S. District Judge Paul A. Engelmayer, who handed down the sentence, sharply rebuked Kwon for repeatedly lying to everyday investors who trusted him with their life savings.
“This was a fraud on an epic, generational scale. In the history of federal prosecutions, there are few frauds that have caused as much harm as you have, Mr. Kwon,” Engelmayer said during a hearing in Manhattan federal court.
Kwon, 34, who co-founded Singapore-based Terraform Labs and developed the TerraUSD and Luna currencies, previously pleaded guilty and admitted to misleading investors about a coin that was supposed to maintain a steady price during periods of crypto market volatility.
He is one of several cryptocurrency moguls to face federal charges after a slump in digital token prices in 2022 prompted the collapse of a number of companies.
Dressed in yellow prison garb, Kwon addressed the court and apologized to his victims, including the hundreds who submitted letters to the court describing the harm they had suffered.
“All of their stories were harrowing and reminded me again of the great losses that I’ve caused. I want to tell these victims that I am sorry,” Kwon said.
Ayyildiz Attila, one of the hundreds of victims who submitted letters to the court, said he lost between $400,000 and $500,000 in the collapse.
“My savings, my future, and the results of years of sacrifice disappeared. I struggled to keep up with payments and responsibilities, and everything I had worked forwas erased,” Attila said.
Kwon’s lawyer Sean Hecker said in an email after the sentencing that Kwon spoke from the heart, expressed genuine remorse and will continue his efforts to make amends.
US Attorney Jay Clayton in Manhattan said in a statement following the hearing that Kwon devised elaborate schemes to inflate the value of his cryptocurrencies and fled accountability when his crimes caught up to him.
Prosecutors had asked for a sentence of at least 12 years in prison, saying the crash of Kwon’s Terra cryptocurrency caused billions of dollars in losses and triggered a cascade of crises in the crypto market.
Kwon’s lawyers had asked that he be sentenced to no more than five years so he can return to South Korea to face criminal charges.
Prosecutors charged Kwon in January with nine criminal counts for securities fraud, wire fraud, commodities fraud and money laundering conspiracy.
Kwon was accused of misleading investors in 2021 about TerraUSD, a so-called stablecoin designed to maintain a value of $1. Prosecutors alleged that when TerraUSD slipped below its $1 peg in May 2021, Kwon told investors a computer algorithm known as “Terra Protocol” had restored the coin’s value.
Instead, Kwon arranged for a high-frequency trading firm to secretly buy millions of dollars of the token to artificially prop up its price, according to charging documents.
Kwon pleaded guilty in August to two counts, conspiracy to defraud and wire fraud, and apologized in court for his conduct.
“I made false and misleading statements about why it regained its peg by failing to disclose a trading firm’s role in restoring that peg,” Kwon said at the time. “What I did was wrong.”
Kwon agreed in 2024 to pay $80 million as a civil fine and be banned from crypto transactions as part of a $4.55 billion settlement he and Terraform reached with the Securities and Exchange Commission.
He also faces charges in South Korea. As part of his plea deal, prosecutors will not oppose Kwon’s potential application to be transferred abroad after serving half his US sentence.
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