What Happened in Crypto Market Today: Pi Network, USDT, Solana, & More
Pi Network Unveils 20 Mainnet Apps for 2025 Launch
Pi Network has introduced 20 Mainnet apps, now accessible through the Pi Browser’s Ecosystem Interface, allowing real Pi transactions. As the Q1 2025 Open Network launch approaches, these apps mark a significant shift from Testnet, empowering developers and Pioneers. Projections by PiChainMall’s CEO predict a Layer 1 blockchain with a market cap over $1 billion. Users are advised to interact cautiously with independently developed apps.
USDT to Become Illegal in Europe Under MiCA Rules
Tether (USDT) may become illegal in Europe within three days due to the Markets in Crypto-Assets (MiCA) regulation. MiCA requires stablecoins to meet strict transparency and liquidity standards. Tether’s compliance is in question, risking USDT’s delisting from European exchanges and causing potential market disruption. If USDT fails to meet MiCA requirements, it could lead to increased volatility and a shift toward alternative stablecoins like USDC or DAI.
Solana Co-Founder Faces Lawsuit Over Crypto Misuse
Solana co-founder Stephen Akridge is embroiled in a legal battle with his ex-wife, Elisa Rossi, who accuses him of misusing her crypto assets by taking staking rewards from her Solana holdings. The lawsuit, highlighting the need for clear asset management in crypto, claims Akridge unfairly benefited and committed fraud. This case, drawing attention from the crypto community, may impact Solana’s future and raise concerns about crypto integrity and asset management practices.
Chainlink Whale Faces $4.5M Loss Amid Price Rebound Hopes
A Chainlink ($LINK) whale is currently facing a $4.5 million loss after depositing 250,000 LINK ($5.37M) to Binance and OKX. Despite this, recent withdrawals signal potential price rebound. Analysts believe if Chainlink maintains support above $21, it could hit $34 by January 2025, with some predictions reaching $43.03. Whale activity suggests strategic repositioning, indicating confidence in a future price surge despite a current trading price of $21.23.
Avalanche (AVAX): Can It Hit $100 by 2025?
Avalanche (AVAX) is a fast-growing blockchain platform, processing over 4,500 TPS. Despite a recent 15.46% price decline, its capped supply and transaction fee burning could drive future demand. Founder Emin Gün Sirer highlights AVAX’s potential, supported by increased user engagement and wallet addresses. Currently trading at $36.80, breaking $100 in the short term seems unlikely, but long-term prospects remain strong with continued DeFi and NFT success and potential sector expansion.
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ChainLink Whale Faces $4.5M Loss: A Risky Bet or Smart Gamble?
