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Pi Network Token Rockets into Top 20 After Massive Price Surge.
#PiNetwork 💰
Pi Network’s token experienced a significant surge, briefly entering the top 20 digital assets after rising over 72% in less than 48 hours. This rally occurred just before a major ecosystem announcement scheduled for May 14.
Upcoming Pi Network Ecosystem Announcement Fuels Rally
On May 12, Pi Network, a social cryptocurrency and developer platform, briefly saw its token break into the top 20 digital assets by market capitalization after a more than 50% surge in 24 hours. In fact, at the time of writing ( May 12, 2:00 a.m. EST), the token had risen by over 72% in under 48 hours, making Pi the best-performing top 20 digital asset over seven days.
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Bitcoin, Ethereum, XRP Analysis: Crypto Market Rallies as US, China Slash Tariffs
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Bitcoin (BTC), Ether (ETH), XRP (XRP), and the broader crypto market rallied on May 12, after the US and China agreed to de-escalate the trade war that has rattled global markets in recent months.
BTC’s price jumped 1.50% to reach over $105,700, while ETH and XRP rose 4.38% and 3.72% to hit $2,625 and $2.45, respectively. The total crypto market capitalization climbed 2.50% in the same period, touching the $3.28 trillion mark for the first time since February 2025.

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Pakistan has been exploring crypto regulations more actively. Here are some key points:
Regulatory Developments: The Securities and Exchange Commission of Pakistan (SECP) has been working on a framework to regulate cryptocurrencies and digital assets, aiming to balance innovation with security. There have been discussions about creating a central bank-backed digital currency (CBDC), but a concrete timeline or plan hasn't been finalized.
Regulation of Exchanges: Crypto exchanges are still not formally recognized by the government, and some users face challenges withdrawing or trading crypto via local exchanges. However, there has been a push for exchanges to operate under stricter compliance rules to prevent scams and fraud.
Market Growth: Despite regulatory uncertainties, the crypto market continues to see growth in Pakistan. More people are engaging in trading Bitcoin, Ethereum, and other altcoins, especially as alternatives to traditional financial systems.
Potential for Legalization: The government is gradually leaning towards regulating the industry rather than a complete ban. In recent months, there have been statements from officials hinting that they may soon come up with comprehensive policies, but this is still in the works.
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