New Developments in Pi Network and Ripple: A Recap
Crypto News/Markets

New Developments in Pi Network and Ripple: A Recap

A summary of the latest advancements within the Pi Network and Ripple ecosystems, alongside developments in Ethereum.

The Pi Network team has formed a strategic alliance with a gaming platform aimed at promoting the utility of the Pi token and creating new opportunities for developers. As part of this collaboration, Pi Network Ventures has invested in CiDi Games, indicating confidence in their vision for gaming integration.

Additionally, the performance of the Pi Network’s native token has been promising lately, trading around $0.26, which is a 13% increase over the past week.

Latest Updates on Ripple

Ripple has made headlines with the launch of several spot XRP ETFs in the U.S., with significant investor interest leading to over $640 million in inflows to these funds. Recent announcements from several financial institutions have signaled further advancements in Ripple’s ecosystem.

Moreover, Ripple’s stablecoin, RLUSD, has been acknowledged by Abu Dhabi’s Financial Services Regulatory Authority, marking an important regulatory milestone for the company.

Ethereum’s Potential

Ethereum has rebounded impressively, trading at approximately $3,030 and showing a 13% gain over the past week. This rise is fueled by diminishing exchange reserves, indicating a trend towards self-custody among investors. Speculations about a price surge up to $4,400 are circulating within the community.

PI Price Source: CoinGecko

ETH Exchange Reserves Source: CryptoQuant

Next article

Ethereum Price Outlook: Analyzing ETH's Path Following Its Return Above $3,000

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