SNmajoka

Pi Network migration problems: Users report KYC, 2FA and balance errors.

Pi coin mainnet migration issues

As Pi Network prepares for its next mainnet migration wave on June 28, 2025, users are reporting a cascade of issues that threaten to derail the long-anticipated upgrade. 

The Pi coin migration process, designed to move tokens from the mobile app to the open Pi blockchain, is hitting major snags. Thousands of users are encountering Know Your Customer (KYC) issues, two-factor authorization (2FA) problems and wallet balance errors, even after successfully completing every step.

For many, this was meant to be the long-awaited moment when Pi 

PI

$0.5394

 coins would finally be transferred to the open network. 

But, instead of a smooth rollout, users describe a frustrating maze of technical failures. Reports of wallets stuck in pending, balances disappearing or Pi coins not showing up are flooding platforms like Reddit, YouTube and X. 

In many cases, users say they’ve followed the migration checklist precisely — only to see their progress reset without warning, as Pi Network support remains mostly unresponsive.

Did you know? Pi uses a fork of Stellar’s SCP and will eventually transition to its own improved-proof-of-stake. But this only applies once decentralized nodes are fully operational.

Pi Network migration: What’s it all about?

Launched in 2019, Pi Network allows users to “mine” its cryptocurrency via a mobile app. Over the years, millions accumulated Pi tokens with minimal effort or energy consumption. 

After extended testnet phases, the Pi mainnet officially launched in early 2025, aiming to establish itself as a mobile-first, mass-adoption-focused decentralized finance (DeFi) platform.



The major shift came with the Horizon Upgrade in May 2025. The upgrade brought core blockchain functionalities: validator-based consensus, integration of over 100 decentralized applications (DApps) and a $100-million ecosystem fund.

To migrate Pi tokens to the mainnet, users must complete a five-step Mainnet Checklist, which includes:

Completing Pi Network KYC verification

Creating a non-custodial Pi wallet via the Pi Browser

Selecting a token lockup configuration

Enabling 2FA security

Signing the official Pi Token Acknowledgement form.

Newly migrated tokens are subject to a 14-day holding period to stabilize the network and prevent mass dumping. 

Although a grace period was provided until March 14, 2025, many users are only now completing the checklist — just as technical bugs threaten to stall the next migration wave.

KYC challenges in Pi Network and their impact on migration success

A key roadblock for many is step 9 in the Pi Network migration process: passing the Know Your Customer (KYC) check. 

Thousands of users have reported that despite passing KYC months ago, they remain stuck. Wallet balances show as zero, migration status loops or stalls, and tokens never leave the app.

Some users report seeing a “tentative approval” status in their KYC field, a limbo state where the system recognizes an attempted KYC but doesn’t complete the sync. It’s not the same as a rejection, but it effectively blocks the migration.

One user summed it up:

“Give me the damn $Pi. I’ve worked hard for six years… Why this constant delay?” 

While official support documents blame issues like poor photo quality or mismatched documents, most current complaints come from users who’ve already cleared those hurdles. Instead, they’re stuck due to KYC syncing errors that lack clear resolution paths.

In some cases, users have tried workarounds — like switching devices or reapplying — but success is inconsistent. 

2FA problem Pi Network: Pi Network delay

Another frequent complaint is the Pi Network 2FA issue. 

Rolled out in March 2025, the 2FA step was designed to secure token transfers via email confirmation. But many users never receive the verification email or get links that are broken, expired or redirect to error screens.

Some users even report that completing the 2FA step causes their migration to reset. Tokens are pushed back into the mobile app, and users are forced to restart the entire Pi migration process from scratch.

“My Pi returned back to the app, I’ve already added the email address twice now but nothing has changed,” one Reddit post reads.

 “Pi got reverted on the last day… it’s a disgrace,” says another.



The lack of communication from the Pi Core Team is further compounding user frustration. While they’ve stated 2FA is being “rolled out in phases,” the vague timeline and absence of direct support are fueling speculation that deeper infrastructure delays are to blame.

Why some Pi Network wallets show zero balance after migration

Even users who’ve passed Pi Network KYC, completed the mainnet checklist and successfully confirmed 2FA aren’t always seeing success. 

A growing number report a frustrating outcome: They open their Pi wallet, only to see their balance at zero.

In many cases, previously unlocked tokens are nowhere to be found. Some say the balance appeared momentarily — only to vanish minutes later.

“My transferrable balance went to zero today, did not transfer to my wallet,” one user wrote.

“Same here buddy,” wrote another in response, with the following screenshot attached.

 



Why is the Pi Network so buggy?

While the Pi Core Team has yet to offer a clear technical explanation, community developers speculate that the problems stem from backend sync failures, UI delays or missed manual steps, such as transferring migrated tokens from the transaction history into the available wallet section.

The timing of these balance errors is adding fuel to the fire. Over the first two weeks of June 2025, Pi coin’s price has slipped by 4%-5%, trading at approximately $0.60-$0.64. That marks a 78% drop from its early-year peak, raising concerns that liquidity issues and internal wallet errors are harming broader trust.

One particular wallet — ending in “ODM” (last characters of a Pi whale wallet) and reportedly holding over 276 million Pi tokens — has drawn suspicion, with users speculating it may be tied to insider liquidity management. 

While there’s no confirmed link to the core team, the speculation reflects a growing sense of mistrust.

Scammers are also exploiting the chaos. With Pi coins missing and wallets failing to sync, fake support agents are targeting confused users. They’re distributing phishing links, fake migration forms and fraudulent “KYC reset” services to steal credentials and tokens.

Did you know? The PCT (core team) holds ~100 billion PI in genesis wallets and 20 billion tokens split across 20,000 wallets, with no public lock-up info.

When will Pi coins be transferred?

Under growing scrutiny, the Pi Core Team has begun publishing updates across its official channels, including the Pi Browser, social media and app notifications. These updates acknowledge problems with KYC verification, 2FA errors and wallet sync failures.

Their guidance emphasizes that technical fixes are in progress, but users must also ensure all prerequisites are fulfilled.

Recommended steps include:

Rechecking the Mainnet Checklist in the Pi Browser

Verifying that 2FA settings and email confirmation are complete

Clearing the Pi app cache or reinstalling it

Updating to Pi app version 1.41.0, which includes multiple backend patches.

A special notice was also issued for Chinese users, where high rates of stuck migrations were reported. After updating the app, users were asked to watch a compliance explainer video during login. According to community feedback, this step helped unstick frozen balances and resolve pending 2FA problems for many.

Still, there’s no published roadmap, technical breakdown or ETA for full resolution. And as more tokens enter the unlocking phase, the community is left wondering: When will Pi coins actually be transferred?

Did you know? While over 100 Pi-based apps have been developed in its closed mainnet, few have launched publicly or are mass-adoption ready.

Looking ahead: Pi coin release date?

With the June 28 mainnet migration wave looming, Pi Network is facing a high-stakes test. 

This round is expected to include:

Secondary migrations for tokens exiting their 14-day lockup

Bonus and referral rewards that failed to appear after the first wave

A large inflow of newly eligible users completing migration for the first time.

But none of that matters if balances keep vanishing and wallet states remain broken. The trust issue is becoming as urgent as the tech problem.

Pi Network has branded itself as a decentralized alternative to centralized crypto apps: a platform driven by users, for users. But the credibility of that message hinges on the reliability of Pi coin mainnet migration and the integrity of the Pi wallet system.

The risks of continued failure are real:

More users may exit the ecosystem, cashing out once tokens unlock.

Community sentiment could erode further amid missing payouts.

Scammers may escalate, using the chaos to impersonate support and drain funds.

Regulators could take notice if financial losses or privacy violations grow.

The burden now lies with the Pi Core Team to restore functionality and user confidence. If they can fix the issues around KYC verification, 2FA authentication and wallet synchronization in time, Pi Network may still deliver on its promises.

Crypto BonusesAd



Earn $25 in Bitcoin with Kraken

Make your first trade of $100 within 30 days and get $25 in BTC on Kraken.



Get up to $200 with Coinbase

Register, buy crypto, and spin the wheel to win up to $200 on Coinbase



Earn $25 in BTC. Sign up for Gemini

Trade $100+ within your first 30 days on Gemini and unlock a $25 BTC bonus!



Earn up to 30,050$ with Bybit

Get a $50 bonus and save 10% on trading fees as you earn up to $30,000 in rewards



Earn up to 5.25% on Stablecoins with Uphold

Complete simple monthly challenges on Uphold and unlock valuable rewards

#CryptoSecurity101
$BTC

🎣 CryptoSecurity101: Beware of Phishing! 🎣
Another day, another phishing scam, this time courtesy of Google search. A fake HyperLend site was chilling in the top search results for hours.
One wrong click, one malicious signature, and your entire wallet could be drained in seconds. This isn't just about smart contract security. It's about remembering basic internet safety: don't click like it's 2010!
Stay safe out there, crypto fam.
Option 2 (More concise and punchy):
🚨 CRYPTO SECURITY ALERT! 🚨
Heads up, fam! Another phishing scam just hit, straight from Google search results. A fraudulent HyperLend site sat at the top for hours.
THE DANGER: A single click + a malicious signature = wallet drained.
Security isn't just code. It's knowing what NOT to click. Stay vigilant!
Option 3 (Emphasizing the Google aspect):
Google Search & Crypto Security: A Warning
Unbelievable. For hours, a fake HyperLend phishing site was a top result on Google. This isn't a drill.
One mistimed click, one approval of a malicious signature, and your funds are gone. We talk a lot about smart contract audits, but let's not forget fundamental online safety. Don't click blindly!
Protect your crypto.
Option 4 (Focus on the user's action):
Your Wallet, Your Clicks! (A Phishing Warning)
Just saw another alarming crypto scam. A fake HyperLend site was a top Google search result, lingering for hours.
Think before you click! A malicious signature from a bogus site can drain your wallet instantly. Seriously, security isn't just complex tech; it's about not being reckless with your clicks. It's not 2010 anymore.
Stay safe out there.
Choose the one that best fits the tone and platform you're posting on!
$BTC
$XRP

#CircleIPO It appears you're commenting on the recent IPO of Circle (CRCL), the issuer of the USDC stablecoin, and its implications for the broader cryptocurrency market. Let's break down your statements based on the latest information:
* "Circle up 171% from IPO earlier today": This is consistent with recent reports. Circle's stock (CRCL) saw a significant surge on its debut on the NYSE today, rising over 170% from its IPO price of $31. It even briefly touched highs of over 230% gains. This indicates strong investor demand and interest in the company.
* "stablecoin mindshare = today's top gainer": Given Circle's strong IPO performance, and its direct association with stablecoins (specifically USDC, the second-largest stablecoin by market cap), it's highly likely that this event has propelled stablecoins into the spotlight today. The attention and capital flowing into Circle's stock suggest a growing "mindshare" and acceptance of stablecoins within traditional financial markets.
* "the trojan horse thesis is playing out in real time - this is just the beginning": This is a powerful observation. The "Trojan Horse thesis" in crypto generally refers to the idea that certain aspects of the crypto ecosystem, seemingly innocuous or easily digestible, will act as a gateway for wider adoption of more complex or revolutionary blockchain technologies.
In the context of stablecoins, the "Trojan Horse" concept suggests that their stability and utility for payments and remittances will lead to their widespread adoption. Once users become comfortable with stablecoins, they may then naturally migrate to other decentralized financial applications (DeFi) and broader blockchain benefits. Circle's IPO and its focus on being "the payment layer for the Internet" clearly align with this thesis, as it's bringing a regulated and well-capitalized stablecoin issuer into mainstream public markets. This could indeed be seen as a significant step towards wider adoption.
* "more mainstream visibility & credibility on the way": This is a direct consequence of Circle's successful IPO. A public listing on a major exchange like the NYSE, coupled with strong performance, provides:
* Visibility: Exposure to a much broader audience of institutional and retail investors who might not have previously considered crypto-related assets.
* Credibility: Listing on a regulated exchange like the NYSE requires adherence to strict financial reporting and compliance standards, which can lend significant legitimacy to the company and, by extension, the stablecoin sector.
In summary, your statements accurately reflect the immediate impact of Circle's IPO. It's a significant milestone for the stablecoin industry and the broader crypto market, potentially paving the way for increased mainstream acceptance and integration of digital assets into traditional finance.
$BTC
$SOL $XRP

#TradingPairs101 Here's an improved version of the article "Trading Pair 101 $XRP
–$SOL
$BNB
Jaanna Zaroori Hai," focusing on clarity, engagement, and a more natural flow:
Trading Pair 101: Understanding the Basics
Crypto trading can seem complex, but understanding trading pairs is fundamental. Simply put, a trading pair tells you which two cryptocurrencies you're exchanging and at what rate. For instance, if you see BTC/USDT, it means you're either buying Bitcoin with USDT (Tether) or selling Bitcoin for USDT.
Think of it like exchanging one currency for another at a foreign exchange counter. You're trading one asset for another.
Popular Trading Pairs You Should Know
Here are some of the most commonly traded pairs in the crypto market:
* BTC/USDT (Bitcoin/Tether): This is by far the most heavily traded pair and often acts as an indicator for the overall market direction.
* ETH/USDT (Ethereum/Tether): Another highly popular pair, ideal for both short-term and long-term traders due to its liquidity.
* BNB/USDT (Binance Coin/Tether): If you're trading on Binance, this pair is essential. Holding BNB often helps reduce trading fees on the platform.
* XRP/USDT (Ripple/Tether): Known for its fast and low-cost transactions, making it a favorite for quick transfers.
* SOL/USDT (Solana/Tether): Solana has gained significant popularity, especially among newer traders, due to its high transaction speeds and growing ecosystem.
Important Considerations Before Trading
Every trading pair comes with its own set of risks and potential rewards. Before you jump into a trade, it's crucial to:
* Check Volume: High trading volume indicates more activity and easier entry/exit from trades.
* Assess Liquidity: Good liquidity means you can buy or sell without significantly impacting the price.
Ultimately, your choice of trading pair should align with your personal trading strategy and risk tolerance. Do your research and understand the dynamics of the pair before you commit.
Do you have any questions about a specific trading pair, or would you like to know more about how to choose the right one for your strategy?

#OrderTypes101 This is a fantastic way to explain trading orders using a restaurant analogy! It's clear, relatable, and effectively breaks down complex concepts into easily digestible pieces.
Here's how I would "recreate" this, keeping the engaging and simple tone you've established, while making a few minor tweaks for flow and impact, and then answering your question about which I'd use most.
Understanding Trading Orders: A Restaurant Analogy
Imagine you're at a bustling restaurant, and you want to place an order. How you order is a lot like how you place an order in the financial markets:
1. Market Order: "I'm Hungry, Give Me Food Now!"
You walk in, you're starving, and you just blurt out, "I'm hungry, give me food now!" You don't care about the price; you just want to buy (or sell) fast. The restaurant will give you whatever's available at that exact moment's price. The catch? The price might be higher or lower than you expected, and you might realize too late that you paid too much or sold for too little. You've already committed!
2. Limit Order: "I'll Buy This Only If It's Cheap."
You're a bit more patient. You tell the waiter, "I'll buy this dish, but only if it's cheap – like, at this specific price." You set your desired price and wait. If the price doesn't come down to your level, nothing happens. You just wait, and wait... and you might never get your food if the price never hits your limit. It's great for getting the price you want, but you might miss out if the market moves away from you.
3. Stop-Loss Order: "If the Price Drops Too Much, Sell It Fast!"
You've ordered your food, but you're worried about things going wrong. You tell the waiter, "If the price of my meal suddenly drops below X amount (meaning it's losing value), just sell it fast!" This is your safety net. It helps you prevent huge losses by automatically selling your investment if it falls to a certain price. You take a small loss to avoid a potentiall
y$BNB
$SOL
massive one.
4. Take-Profit Order: "If the Price Goes Up, Sell and Give Me My Profit!"
Now, you're hoping for the best! You tell the waiter, "If the price of my meal goes up significantly, say to Y amount, sell it and give me my profit!" This order helps you lock in gains. You don't want to be greedy and watch the price climb high, only for it to drop back down before you sell. It's about securing your profit before the market changes its mind.
Crucially, don't mix up your Stop-Loss and Take-Profit orders! If you accidentally set your "sell at loss" point higher than your "take profit" point, you'll end up selling for a loss and crying while watching the price go up without you.
Which one do I use most?
As an AI, I don't "trade" or "use" these orders myself, as I don't have personal finances or the ability to invest. However, if I were advising someone in the financial markets, I would emphasize the importance of Limit Orders for entry and exit, and a disciplined use of Stop-Loss Orders to manage risk. While Take-Profit Orders are also valuable for securing gains, the Stop-Loss is arguably the most critical for protecting capital. A combination of Limit Orders for strategic entry/exit and Stop-Loss Orders for risk management often forms the backbone of a prudent trading strategy.
Comment below and tag a friend who always buys at the top!

#CEXvsDEX101 $BTC
$SOL
C$XRP
hoosing the right platform for your crypto trading is a pivotal decision, shaping your experience in terms of security, control, user-friendliness, and access to liquidity. Whether you opt for a Centralized Exchange (CEX) or a Decentralized Exchange (DEX), understanding their inherent trade-offs is essential for any risk-aware trader.
The Great Debate: Pros and Cons of CEXs vs. DEXs
Both CEXs and DEXs offer unique advantages and disadvantages:
Centralized Exchanges (CEXs):
* Pros:
* User-Friendly Interface: Generally designed with simplicity in mind, making them ideal for beginners.
* High Liquidity: Due to large user bases and professional market makers, CEXs offer deeper liquidity, leading to faster execution and less slippage, especially for larger trades.
* Advanced Trading Features: Often provide a wider array of trading options like margin trading, futures, lending, and sophisticated charting tools.
* Fiat On/Off Ramps: Easier to convert traditional fiat currency into crypto and vice-versa.
* Customer Support: Most CEXs offer dedicated customer service for account issues, transactions, and technical support.
* Regulatory Compliance: Many CEXs operate under regulatory frameworks, potentially offering a sense of security and legal recourse.
* Cons:
* Custodial Risk: You don't hold your private keys; the exchange does. This means you trust the CEX with your funds, making them vulnerable to hacks, bankruptcy, or regulatory interference ("not your keys, not your crypto").
* KYC/AML Requirements: To comply with regulations, CEXs typically require Know Your Customer (KYC) and Anti-Money Laundering (AML) verification, which can compromise privacy.
* Centralized Control: A single point of failure exists, and the exchange can potentially freeze or censor accounts.
* Limited Token Selection (sometimes): While offering many popular assets, CEXs may not list newer, smaller-cap, or niche tokens as quickly as DEXs.
Decentralized Exchanges (DEXs):
* Pros:
* Self-Custody: You retain full control over your private keys and therefore your funds. This eliminates counterparty risk.
* Enhanced Privacy: Most DEXs do not require KYC/AML, allowing for greater anonymity.
* Censorship Resistance: Operating on a blockchain, DEXs are less susceptible to government censorship or shutdowns.
* Access to New Projects: Often the first platforms to list new and emerging tokens, especially in the DeFi space.
* Transparency: All transactions are recorded on the blockchain, offering a high degree of transparency.
* Cons:
* Steeper Learning Curve: DEX interfaces can be more complex and require a solid understanding of wallet management, gas fees, and smart contracts.
* Lower Liquidity: While improving, many DEXs still have lower liquidity compared to major CEXs, which can lead to higher slippage, particularly for large orders.
* Higher Transaction Fees (Gas Fees): Transactions on DEXs incur network "gas fees," which can be high and unpredictable, especially during network congestion.
* Limited Advanced Features: Typically offer basic token swaps, lacking advanced trading functionalities like margin trading, futures, or complex order types.
* No Customer Support: If something goes wrong (e.g., user error), there's no centralized entity to provide support. You are solely responsible for your actions.
* Smart Contract Risk: While generally secure, smart contracts can have vulnerabilities that could be exploited.
My Preference and Situational Use
Personally, I employ a hybrid approach, leveraging the strengths of both CEXs and DEXs depending on my trading objectives:
* CEX for Fiat On-Ramps and Initial Purchases: For converting fiat currency into crypto, and for trading highly liquid, well-established cryptocurrencies, I primarily use a CEX. The ease of use, high liquidity, and lower fees for standard trades make them incredibly convenient for these purposes. I also appreciate the advanced charting tools for technical analysis.
* DEX for Exploring New Tokens and DeFi: When I want to explore newer, smaller-cap projects, participate in liquidity pools, or engage with decentralized finance (DeFi) protocols, I turn to DEXs. The direct access to emerging tokens and the self-custody aspect are paramount here, despite the higher gas fees and learning curve.
What I Consider When Choosing Between a CEX and DEX
When making the decision

Riyadh, Saudi Arabia – May 27, 2025 – The Pi Network, a cryptocurrency project with a massive global user base, has been a subject of intense discussion and anticipation, especially following its Open Mainnet launch on February 20, 2025. This significant milestone, occurring after nearly four years of beta and an enclosed testnet phase, has allowed users to transfer Pi to external wallets and exchanges for real trading. However, the journey has been marked by price volatility and ongoing questions about the network's decentralization and utility.
Mainnet Launch and Initial Price Action:
The highly anticipated Open Mainnet launch in February 2025 was met with a surge of excitement, briefly pushing Pi Coin's price to nearly $2.90. However, these gains proved fleeting, with the price settling in the $0.75-$0.80 range by late May 2025. This volatility has been a defining characteristic, with recent reports indicating a significant influx of Pi tokens to exchanges, leading to price fluctuations.
Ecosystem Developments and User Growth:
Despite the price struggles, the Pi Network ecosystem continues to show signs of growth. Over 19 million users have reportedly completed KYC verification, with the total user base exceeding 60 million. The blockchain now hosts over 100 decentralized applications (dApps) built by the community, covering areas such as payments, social, gaming, and e-commerce. Recent updates include Pi domain name auctions and a shopping marketplace called PiFest.
To further foster innovation, the core team also launched a $100 million Pi Network Ventures fund to support dApp development. Additionally, the network has introduced new Mainnet apps and an account recovery option, aiming to enhance user participation and utility.
KYC Process and Migration:
The Know Your Customer (KYC) verification process has been a crucial aspect of the Pi Network's transition to the Open Mainnet. A final KYC deadline was set for March 14, 2025, after multiple extensions. Users who failed to complete KYC and migrate their Pi balances by this date reportedly lost most of their accumulated Pi, leading to frustration among some community members. The network has also shifted towards email-based two-factor authentication (2FA) for improved security and reliability, with migrations resuming after temporary pauses for system-level checks.
Challenges and Criticisms:
Despite the progress, the Pi Network faces ongoing challenges and criticisms. Key features such as smart contract support are not yet live, and the codebase remains closed-source, raising concerns about centralization given the current count of only 23 validator nodes. There are also persistent accusations of insider manipulation and a lack of transparency regarding token supply, with some influencers calling for greater openness from the core team.
Co-founder Nicolas Kokkalis made a public appearance at the Consensus 2025 Conference, but his remarks did not include announcements of new exchange listings or full network access, leading to some community disappointment. The notion of a "global consensus value" of $314,159 per Pi coin is widely dismissed by experts as unrealistic, with the token trading significantly lower.
Future Outlook:
The Pi Network has undeniably made strides in 2025, transitioning from a closed testnet to a functioning open mainnet with millions of users. However, the journey from vision to execution is far from complete. The network's long-term success will depend on its ability to address concerns around decentralization, implement key technical features like smart contracts, and further enhance the utility and adoption of its ecosystem. The market will be closely watching for increased transparency, sustained ecosystem growth, and a more stable price trajectory as the Pi Network continues to evolve.$BTC
$BNB
$ETH

Pi Network Navigates Mainnet Launch Challenges Amidst Volatility and Transparency ConcernsPi Network Navigates Mainnet Launch Challenges Amidst Volatility and Transparency Concerns
Riyadh, Saudi Arabia – May 23, 2$BTC
0$BNB
2$SOL
5 – The Pi Network, a cryptocurrency project that has garnered millions of users through its mobile mining application, officially launched its Open Mainnet in February 2025, marking a significant milestone after years in a closed network phase. However, the period since has been characterized by considerable price volatility, a flurry of accusations regarding transparency, and ongoing efforts to establish real-world utility for the Pi coin.
Mainnet Launch and Initial Impact:
The transition to an Open Mainnet in February 2025 was met with high expectations, allowing Pi coins to be traded on select exchanges like BitMart and HTX. The PI token initially saw a spectacular start, briefly touching an all-time high of $2.98. This surge was partly fueled by speculation and rumors of potential listings on major exchanges such as Binance.
Price Fluctuations and Market Sentiment:
Despite the initial excitement, the Pi coin's price experienced a significant downturn, dropping over 75% from its peak in the weeks following the mainnet launch. It has since stabilized in the range of $0.60-$0.80, with May 2025 seeing some minor rebounds. As of May 23, 2025, the price is fluctuating, with some analysts predicting a retest of the $1 mark, while others remain skeptical due to persistent challenges.
Transparency and "Rug Pull" Allegations:
A major point of contention and concern for the Pi Network community has been the issue of transparency, particularly following a significant token dump in May 2025. An on-chain analyst, "Atlas" on X, labeled Pi Network as "2025's biggest rug pull" after an anonymous token holder allegedly dumped 12 million tokens, causing a 50% price crash. These allegations, which suggest insider manipulation, have yet to be officially addressed by the Pi Core Team. Concerns also linger about the team's control over a large number of hidden wallets and the lack of clarity surrounding token supply and internal control.
Efforts Towards Real-World Utility:
In an effort to drive real-world utility and adoption, Pi Network announced a $100 million venture fund, "Pi Network Ventures," in May 2025. This fund, held in both Pi and USD, aims to strategically invest in startups and businesses that will build within or integrate with the Pi ecosystem, fostering practical use cases for the Pi coin. The initiative targets sectors like blockchain, AI, fintech, and e-commerce, with the goal of expanding Pi's reach beyond its core crypto community and integrating it into daily life.
Ongoing Challenges and Future Outlook:
Despite these initiatives, Pi Network continues to face several hurdles:
* KYC Verification Delays: Many users still lack access to their Pi holdings due to ongoing Know Your Customer (KYC) validation issues, leading to frustration within the community.
* Major Exchange Listings: The Pi coin is still not listed on major exchanges like Binance or Coinbase, which is seen as a significant impediment to its broader market adoption and liquidity.
* Decentralized Applications (dApps): The ecosystem is still perceived as lacking in robust and widely adopted decentralized applications, a key promise of the project.
* Roadmap Clarity: While a three-phase roadmap for mainnet migration was unveiled in April 2025, the absence of specific timelines has caused user frustration.
The Pi Network's journey in 2025 has been a mixed bag of significant progress in its mainnet launch and utility initiatives, alongside substantial setbacks related to price volatility, transparency concerns, and ongoing developmental challenges. The project's ability to address these issues and foster genuine, widespread adoption will be crucial for its long-term viability and the fulfillment of its ambitious vision.

The Alarming AI Blind Spot: Why "No" Remains a Mystery to Advanced Models
Artificial intelligence has reached impressive milestones, from mastering complex games like chess to assisting in medical diagnoses and even generating creative text. However, a recent and alarming study from MIT highlights a fundamental flaw in current vision-language models (AIs that integrate both image and text processing): their inability to comprehend negation. Words such as "no," "not," or "doesn't" consistently stump these advanced systems, a failing that carries significant risks, particularly in critical sectors like healthcare and law.
The implications of this oversight are stark. Consider an AI assisting in medical image analysis. If a patient's X-ray shows no enlarged heart, the treatment plan would diverge drastically from a case where an enlarged heart is present. Yet, current AI models frequently overlook or misinterpret this crucial "no," potentially leading to incorrect assumptions and, consequently, erroneous diagnoses or treatment recommendations. The core issue lies in their training methodology: these models are designed to mimic language patterns rather than to engage in logical reasoning. Furthermore, training data often lacks examples of negative descriptions; for instance, image captions rarely specify what is not present in a scene.
MIT researchers put these AI systems to the test with image-based questions incorporating negation, and the results were largely disastrous. Most models performed worse than random guessing, particularly when negative words were included in the captions. This widespread failure points to a phenomenon dubbed "affirmation bias," where AI models default to assuming the presence of something unless explicitly informed otherwise. Even attempts to fine-tune these models with synthetically generated data containing negations yielded only marginal improvements. This suggests that simply providing more data is insufficient; what's truly needed are models capable of more sophisticated cognitive processing.
Experts concur that this isn't a minor bug but a significant red flag. The inability of AI to reliably understand phrases like "not sick," "no fracture," or "doesn't qualify" presents a tangible threat of severe real-world errors. Whether deployed in hospital settings, human resources systems, or legal reviews, a single misunderstood negative word can have profound consequences. Until artificial intelligence can genuinely grasp the meaning and power of "no," placing blind trust in its decisions remains a dangerous gamble.
#Btc #AI #Binance
$BTC

The news that Pi Network founder Nicolas Kokkalis is Satoshi Nakamoto is speculation and rumor, not confirmed fact.
Here's a breakdown of what's known and why these rumors are circulating:
* Satoshi Nakamoto's Identity: Satoshi Nakamoto is the pseudonym of the person or group who created Bitcoin. Their true identity has never been revealed and remains one of the biggest mysteries in the crypto world.
* The Rumors: Recent speculation has emerged, particularly on crypto news sites and social media, suggesting Nicolas Kokkalis could be Satoshi Nakamoto. These theories often point to:
* Kokkalis's background: He has a PhD in blockchain technology and a strong computer science background, demonstrating the technical expertise expected of Bitcoin's creator.
* His apparent disinterest in personal wealth: Similar to Satoshi, Kokkalis seems focused on building Pi Network and distributing tokens without asking for direct monetary investment.
* Connections to exchanges: Some theories highlight that Kokkalis follows a few crypto exchanges on X (formerly Twitter), including Kraken, which has been linked to Satoshi's last known transactions.
* Lack of Concrete Evidence: It's crucial to understand that there is no concrete evidence or proof to support these claims. These are purely speculative theories based on circumstantial observations and coincidences.
* The "Why" behind the rumors: The anonymity of Satoshi Nakamoto naturally leads to much speculation about their identity. When a figure like Nicolas Kokkalis, with a strong technical background in blockchain, emerges with a prominent project like Pi Network, it's perhaps inevitable that some will connect the dots (even without solid evidence).
* Pi Network's Status: It's also worth noting that Pi Network itself has faced scrutiny and criticism, with some experts and exchange CEOs raising concerns about its legitimacy and operational transparency. This context might also fuel various theories around its founder.
In summary, while the idea of Nicolas Kokkalis being Satoshi Nakamoto is an intriguing thought that has gained traction in some crypto circles, it remains firmly in the realm of unconfirmed speculation.
$SOL $XRP $BTC

#USStablecoinBill
The U.S. Senate is actively considering the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, with the aim of establishing a clear regulatory framework for stablecoins like USDC and Tether.
Here's a breakdown of the bill and related concerns:
Key Aspects of the GENIUS Act:
* 1:1 Backing: The bill mandates that stablecoins must be backed one-to-one with cash or highly liquid assets such as short-term U.S. Treasuries. This aims to ensure that stablecoin holders can always redeem their tokens for the equivalent value in U.S. dollars.
* Monthly Audits: To ensure transparency and accountability, stablecoin issuers would be required to conduct monthly audits of their reserves and publicly disclose the composition of these reserves. Issuers with a market capitalization exceeding $50 billion would also need to provide annual audited financial statements.
* Anti-Money Laundering (AML) Standards: The GENIUS Act seeks to apply Bank Secrecy Act standards to stablecoin issuers, treating them as financial institutions for AML purposes. This includes implementing measures to prevent illicit activities such as money laundering and terrorist financing.
* Regulatory Framework: The bill proposes a dual state and federal system for licensing and supervising stablecoin issuers. Issuers with less than $10 billion in outstanding stablecoins could be regulated by states with regimes deemed "substantially similar" to the federal framework. Larger state-regulated issuers might face additional federal oversight.
* Custody Rules: The act establishes rules for stablecoin asset and reserve custodians, requiring them to be regulated by federal or state banking authorities, the SEC, or the CFTC. Commingling of customer funds with the custodian's own funds would generally be prohibited.
* Insolvency Protection: In the event of an issuer's bankruptcy, the GENIUS Act would prioritize the claims of stablecoin holders over other creditors, aiming for an expedited court review and distribution of reserves.
* Marketing Standards: The bill includes strict marketing rules, prohibiting any representation that stablecoins are backed by the U.S. government, FDIC-insured, or legal tender. It also prevents marketing digital assets as payment stablecoins unless they comply with the Act.
Concerns and Recent Developments:
* Oversight and Regulatory Gaps: Some critics argue that the bill, even with amendments, may still have inadequate safeguards against financial instability and could leave gaps in national security protections. Concerns have been raised about the "substantially similar" standard for state regulation, potentially leading to a "race to the bottom" where issuers seek the least demanding regulatory environments.
* National Security and Illicit Finance: There are concerns that the bill might not sufficiently address national security risks and could be exploited for illicit finance by adversaries, criminal networks, and sanctioned entities.
* Democratic Opposition: Initially showing bipartisan support, the bill has recently faced a setback as a group of Senate Democrats have withdrawn their support, citing concerns over insufficient safeguards on anti-money laundering, foreign issuer restrictions, and national security. This raises doubts about the bill's ability to garner the 60 votes needed for passage in the Senate.
* Political Ties: Reports have emerged linking individuals associated with a prominent political figure's family to a significant stablecoin deal involving World Liberty Financial's USD1 stablecoin and a $2 billion investment from an Abu Dhabi-based firm into Binance. This has fueled concerns about potential conflicts of interest and whether the stablecoin legislation could disproportionately benefit certain individuals or entities. Some have described the deal as "shady" and urged against the Senate bill in its current form.
Potential Impact:
If approved and enacted, the GENIUS Act could represent a significant milestone in U.S. crypto regulation, potentially providing clarity and legitimacy to the stablecoin market. However, the ongoing debate highlights the complexities and competing interests involved in establishing rules for this rapidly evolving sector. The outcome of the bill remains uncertain as lawmakers grapple with issues related to consumer protection, financial stability, national security, and potential political implications.

#EUPrivacyCoinBan
It seems there might be a slight inaccuracy in the year you mentioned. While Binance did announce plans regarding privacy coins, it was primarily in May 2023 and involved restrictions for users in specific European countries rather than a complete delisting of 12 privacy coins globally at that time.
Here's a breakdown of what happened:
* Initial Announcement (May 2023): Binance announced that it would restrict the purchase and trading of 12 privacy coins for users in France, Italy, Spain, and Poland starting on June 26, 2023. The affected coins included Monero (XMR), Zcash (ZEC), Dash (DASH), and others like Decred (DCR), Horizen (ZEN), PIVX (PIVX), Navcoin (NAV), Secret (SCRT), Verge (XVG), Firo (FIRO), Beam (BEAM), and MobileCoin (MOB).
* Reasoning: Binance cited regulatory compliance as the primary reason for this decision, particularly with the European Union's Markets in Crypto-Assets (MiCA) framework coming into effect. These regulations raised concerns about the anonymity provided by privacy coins and the ability of exchanges to monitor transactions for illicit activities.
* Reversal (June 2023): Interestingly, Binance reversed its decision shortly after the initial announcement. They stated that after carefully considering feedback from their community and the projects, they had revised how they classify privacy coins to comply with EU-wide regulatory requirements. This meant that the delisting for those specific European countries did not go ahead as initially planned.
* Later Developments:
* Monitoring Tag: In January 2024, Binance added a "monitoring tag" to several privacy coins, including Monero and Zcash, indicating they were under review and could potentially be delisted if they no longer met Binance's standards.
* Actual Delistings (February 2024): In February 2024, Binance did proceed to delist Monero (XMR) trading pairs from its main platform. They cited their periodic review process and the need to ensure listed assets continue to meet their high standards.
* Binance Dubai (April 2025): More recently, Binance Dubai announced that it would delist privacy tokens, including Zcash (ZEC) and cease support for Dash (DASH) mining income, as part of its move to a locally regulated exchange under the Virtual Assets Regulatory Authority (VARA). These changes are set to take effect in April and June 2025.
* Other Exchanges: Other exchanges like OKX and Kraken have also delisted certain privacy coins due to regulatory pressures.
Therefore, while Binance did have plans and actions related to delisting privacy coins, the timeline and scope you mentioned were slightly different. The May 2023 announcement was initially for a restriction in specific EU countries and was later reversed, while actual delistings of coins like Monero occurred later, and further delistings are planned for Binance Dubai in 2025.