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Pi Network’s price steadies despite market turbulence, but concerns over inflation and scam allegations persist. With a $10 billion market cap and loyal fans, Pi remains a polarizing force in crypto.
Quick Take The SEC charged Sun and three of his companies — Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. — in March 2023. The lawyers looked to “jointly move to stay this case to allow the Parties to explore a potential resolution,” according to a filing. Sun is a major investor in the Trump-backed project, World Liberty Financial.
Quick Take The U.S. House Ways and Means Committee voted 26-16 during a hearing on Wednesday to overturn a controversial rule that requires “custodial brokers” to collect and report user data to the IRS. The resolution got some heat from Democrats, who say Republicans are trying to weaken the IRS.
Quick Take The price of bitcoin dropped to around $83,600 earlier tonight before rising back slightly to $84,738 at the time of writing. The bitcoin plunge was driven by the unwinding of basis trades, said an analyst of Presto Research.
- 03:09A TRUMP liquidity provider removed nearly 220,000 TRUMP tokens 2 hours ago, possibly to secure a dinner invitationAccording to Lookonchain monitoring, a long-term TRUMP liquidity provider removed liquidity from two wallets 2 hours ago, receiving 211,977 TRUMP tokens (worth $2.76 million) and 18,376 SOL tokens (worth $2.76 million). Now, these two wallets are among the top 220 holders, giving them the chance to receive an invitation to two TRUMP dinners. This individual purchased 332,424 TRUMP tokens (worth $802,000) at a price of $2.41 on the day of listing and added liquidity. At its peak, these tokens were worth more than $24 million.
- 02:58Uniswap Labs-associated wallet deposits 9 million UNI, held for 4.5 years, into CEX PrimeAccording to Onchain Lens monitoring, a wallet associated with Uniswap Labs has deposited 9 million UNI (valued at $53.9 million) held for 4.5 years into CEX Prime. The wallet received the UNI on September 17, 2020, when the UNI price was $3.44.
- 02:58Data: Since January 29, Tether has issued an additional 11 billion USDT on the Tron networkAccording to Lookonchain monitoring, since January 29, Tether has issued an additional 11 billion USDT on the Tron network. Currently, the issuance of USDT on the Tron network has exceeded 70 billion dollars.