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Tron founder Justin Sun has scored a legal victory in a major defamation lawsuit against Sina. On December 31, 2024, The Beijing Internet Court determined that Sina’s earlier claims of insider trading and federal investigations were incorrect and defamatory in nature. After the court’s verdict, Sina issued a public apology on February 7, 2025. They also formally decided against an appeal on February 26, 2025. The media giant has since paid Sun RMB 31,338 in damages, concluding the six-year legal dispute. Sun, the founder of Tron, welcomed the outcome. He pointed out that this ruling establishes a legal precedent against misinformation in the crypto industry. In his post, Sun stated, “The fundamental reason this case took so long was the sheer volume of rumors spread about me. This verdict proves that all allegations against me were false.” He further highlighted how widespread misinformation can affect public perception. He added that his daily efforts aim to challenge biases and encourage positive change in the industry. Related: HTX Hints at Justin Sun & Trump Crypto Ties in Cryptic Post In the English translation, he stated, ” My daily work is to change these prejudices, change our industry, and change the world to make it beautiful and kind to everyone. Today’s victory is not only a victory for my personal reputation but also a victory for the rule of law, justice, and the industry!” In the defamatory article, Sina reported that the FBI and IRS had launched investigations against Sun. These claims circulated widely, generating controversy regarding his business dealings. By choosing not to appeal the latest court ruling, Sina has essentially accepted the judgment. They published an apology on its platform and compensated Sun as ordered by the court. Related: TRON Memecoin Revival? SunPump Sees Surge in Token Activity Sun in his post termed the victory as more than just a personal win. “Today’s victory is not just about my reputation—it is a victory for justice, the rule of law, and the entire industry,”* he stated. The case highlights the ongoing challenges crypto entrepreneurs face in the media landscape, where misinformation can significantly impact reputations. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Pi Coin Hits New ATH at $2.5: Is This Just the Beginning?; Pi Network’s native cryptocurrency, Pi Coin (PI), has recently achieved a significant milestone by reaching a new all-time high (ATH) of $2.5. This development comes on the heels of the network’s Open Mainnet launch on February 20, 2025, marking a pivotal moment in Pi Network’s evolution from a closed ecosystem to a fully decentralized platform. Open Mainnet Launch and Initial Market Response The transition to the Open Mainnet has been a highly anticipated event for Pi Network’s extensive community, which boasts over 70 million users. This launch has enabled users to trade their PI tokens on various exchanges, significantly enhancing the token’s liquidity and accessibility. Upon its debut, Pi Coin was listed at an initial price of $1.4 and experienced a rapid surge, with some platforms recording highs of over $2.  Despite initial volatility, including a notable dip to $0.6152 shortly after launch, Pi Coin demonstrated resilience by recovering to $1.60, supported by a 24-hour trading volume surpassing $1.18 billion.  This robust trading activity underscores the strong demand and confidence within the Pi Network community. Factors Contributing to the Price Surge Several key factors have contributed to Pi Coin’s ascent to its new ATH: 1. Exchange Listings: The inclusion of Pi Coin on major cryptocurrency exchanges has played a crucial role in its price appreciation. Platforms such as OKX, HTX, Bitget, and Gate.io have listed Pi Coin, providing users with multiple avenues to trade and invest. Notably, Binance, one of the world’s largest cryptocurrency exchanges, conducted a community poll to gauge interest in listing Pi Coin, with an overwhelming 85% of respondents voting in favor.  2. Community Engagement: Pi Network’s large and active user base has been instrumental in driving demand. The community’s enthusiasm and support have fostered a positive feedback loop, attracting new users and investors to the platform. 3. Market Sentiment: The broader cryptocurrency market’s dynamics have also influenced Pi Coin’s price trajectory. As investors seek new opportunities, emerging tokens like Pi Coin become attractive prospects, especially when backed by a substantial and engaged community. Future Outlook and Predictions Analysts have offered varied perspectives on Pi Coin’s future valuation. Some suggest that with continued adoption, strategic partnerships, and potential listings on additional major exchanges, Pi Coin could reach the $2.50 to $3.00 range in 2025, with the possibility of exceeding $5 if significant developments occur.  Looking further ahead, projections indicate that if Pi Network achieves widespread adoption and real-world utility, its price could surpass $500 by 2030.  However, these optimistic forecasts are contingent upon several factors: • Ecosystem Development: The expansion of Pi Network’s ecosystem, including the development of decentralized applications (dApps) and real-world use cases, will be critical in sustaining and increasing the token’s value. • Regulatory Compliance: Navigating the complex regulatory landscapes across different jurisdictions will be essential for Pi Network’s continued growth and acceptance. • Market Dynamics: The inherent volatility of the cryptocurrency market means that external factors, such as macroeconomic trends and investor sentiment, can significantly impact Pi Coin’s price. The achievement of a new ATH of $2.5 marks a significant milestone for Pi Coin and reflects the positive momentum generated by the Open Mainnet launch and subsequent exchange listings. While the future holds promising possibilities, the trajectory of Pi Coin’s value will depend on the network’s ability to expand its ecosystem, achieve regulatory compliance, and adapt to the ever-evolving cryptocurrency market landscape.. $PI

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