Mainstream Crypto News and Updates

The recent transfer of 300 million Pi tokens marks a key milestone for the Pi Network, enhancing migration infrastructure and user confidence. It demonstrates operational preparedness, though challenges like KYC delays persist. Successful execution could solidify its market position.

According to Glassnode data, during Bitcoin's recent decline, over 400,000 BTC were accumulated in the $60,000 to $70,000 range, with supply increasing from 997,000 to 1,430,000, a 43% increase. This range forms a dense cost basis for holding, while the $70,000 to $80,000 range is considered a low trading volume zone.

Odaily Planet Daily reports that Bitcoin financial company ProCap Financial, listed on NASDAQ, announced that on February 20th, it repurchased 148,241 common shares on the open market. Additionally, the company disclosed that its current Bitcoin holdings amount to 5,007 coins, valued at approximately $335 million. It also holds $75 million in cash and about $100 million in convertible bonds. (Businesswire)

BlockBeats News, February 24 — According to DL News, El Salvador is further advancing its Bitcoin experiment through a new public education initiative. The Bitcoin Diploma 2.0, launched by the El Salvador National Bitcoin Office on Sunday, is a "complete reimagining of its educational program." The first batch of teaching materials has been printed and will be used in El Salvador's education system. The program is scheduled for full implementation in public schools by 2026.

Hyperscale Data announces that its Bitcoin treasury has increased to 605.9923 BTC, with a market value of approximately $41 million. Its subsidiary Sentinum holds 559.8663 BTC, with the goal of increasing the value to $100 million.

Solana's "Pacific Backbone" initiative aims to enhance its network's speed and reliability for institutional users by connecting key Asian financial hubs. This upgrade targets high-frequency traders and bolsters Solana's position in the competitive blockchain landscape.

An executive at the National Bank of the United Arab Emirates stated that the bank is considering incorporating Bitcoin into its investment process, viewing it as a store of value and "digital gold." They believe Bitcoin's current valuation is more attractive and predict its fair price will approach $100,000. However, due to its high volatility, the allocation will remain limited to pursue portfolio diversification.

F2Pool Co-founder Wang Chun pointed out that the cryptocurrency market is cyclical and warned investors not to panic over short-term fluctuations. He emphasized that Bitcoin's mining mechanism is crucial, with miners playing a central role in network governance and security, and mentioned the key role miners have played in past controversies.

X Developers releases an update restricting the automated reply feature, which is only allowed when users are mentioned or quoted; replies to tweets are not subject to this restriction. This policy applies to all free and basic account types but does not affect enterprise and public utility versions. The move aims to reduce AI-generated spam.

People buy crypto for one main reason. They want profit. XRP and HBAR often sit near the top of that conversation. Many holders run the math in their heads. If $10,000 buys around 10,000 XRP or 10,000 HBAR, could that