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In an ever-changing crypto market, Pi Network finds itself at a crucial turning point. While investors were waiting for signs of stabilization, the asset is facing a concerning downward trend, fueled by increased selling pressure. The expiration of the migration period to the mainnet, combined with technical indicators in the red zone, is fueling growing uncertainty. The futures market is sending critical signals for Pi Network . A negative funding rate reveals a predominance of short positions, reflecting a widespread anticipation of falling prices. This phenomenon can be explained by several key factors: Faced with these uncertainties, many traders are adopting a defensive strategy , further intensifying selling pressure in the market. Technical indicators provide little reassuring information. Among them, the MACD (Moving Average Convergence Divergence) shows a concerning configuration, with a potential imminent bearish break. If this trend is confirmed, Pi Network could see its price drop below its current support. The critical levels to monitor are: If Pi Network fails to maintain its support, an acceleration of the downward trend seems inevitable, increasing the risk of a panic move among investors. In this climate of uncertainty, some analysts hope to see the Pi Day effect act as a stimulus for crypto. Celebrated every year on March 14, this event typically generates an increase in engagement on social networks, which could positively influence the demand for Pi Network. For this effect to play in favor of the project, several elements must come together: However, these conditions remain theoretical and highly dependent on the overall sentiment of investors. The future of Pi Network now hinges on its ability to surpass this critical phase. Two scenarios remain possible: As the market oscillates between hope and caution, the coming days will be crucial for the project. Investor confidence and social momentum will play a key role in the evolution of the price of Pi Network , which could either confirm its current weakness or regain unexpected bullish momentum.

ZKsync is pulling the plug on its Ignite DeFi program. The initiative, designed to boost liquidity and user activity on the ZKsync network, will end on March 17, 2025. In an announcement, the team behind the initiative said its DeFi Steering Committee (DSC) has decided to discontinue the program and turn off rewards for period 6. Why the sudden change? The team pointed to several reasons, primarily its desire to concentrate on its long-term vision of focusing on the Elastic Network. According to the ZKsync Ignite team, the move is about channeling its resources toward accelerating the realization of this goal. The ZKsync Ignite team is also prioritizing seamless native interoperability across the Elastic Network. They claim the Ignite program was becoming a distraction, and adding more TVL would likely deliver diminishing returns. This suggests that the program wasn’t achieving its intended goals as effectively as hoped. Related: zkSync (ZK) Price Prediction 2024-2030: Will ZK Price Hit the $2 Level Soon? Although the initial reasons behind ZKsync Ignite’s decision are internally driven, external factors involving the current market realities play significant roles in bringing the group to its conclusion. ZKsync says it needs to be more conservative in the short to medium term to better adapt to developing market conditions. ZKsync reassured users that its latest action is in their best interest. According to the announcement, the steps taken align with the program’s original plans, which include adapting to changing market dynamics. All remaining rewards will be distributed on March 17, and all service provider contracts will be concluded by March 30, 2025. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Lumia and Polygon Labs, two notable players in the blockchain space, are set to transform the real estate industry via tokenization. Lumia CEO Kal Ali disclosed a collaboration with Polygon to build the world’s first crypto real estate project, Lumia Towers. The Lumia Towers, estimated at $220 million, are anticipated to be completed and fully tokenized by the second quarter of 2026. This massive infrastructure, a pair of skyscrapers spanning over 50,000 square meters, is located in Istanbul, the largest city in Turkey. It is set to house 300 residential and commercial units and is poised to become a global crypto hub. According to Ali, Lumia Towers represents a breakthrough in how people approach real estate ownership. Leveraging the tokenization model, Lumia plans to make the real estate market more accessible, open, and seamless for retail investors. According to Landshares data , tokenized real-world assets are valued at around $187 billion. In the bear-case scenario, they are estimated to rise between $3.5 trillion and $10 trillion in the bull case by 2030, reflecting a potential 50-fold growth. Ventures attempting to fractionalize high-value assets through blockchain technology are largely responsible for this explosive expansion. They make it possible for investors to own commercial and residential properties by buying tokens. However, despite the promise of democratizing real estate investment, challenges like regulatory complexities and market liquidity issues still exist. This could lead to potential risks down the line for Lumia. For instance, investors may find it difficult to buy or sell real estate ownership tokens if there is no sufficient trading volume, limiting the anticipated liquidity benefits. In previous instances, other tokenization projects focused on existing buildings. In the US, Tokeninvest purchased a $740,000 building in Longmont, Colorado, and tokenized it. This allowed third-party investors to supply 97% of the purchase capital directly. Boris Spremo, Head of Enterprise and Financial Services for Polygon Labs, admitted that barriers to entry in the real estate market are “sky-high.” However, real estate prices have continued to rise in Turkey, where the Lumia Towers will be built. Ali explained that Lumia will grant ownership rights for the tokenized twin skyscrapers through Special Purpose Vehicles (SPVs). Users can receive shares of the SPVs minted on-chain as ERC-20 tokens. These tokens give holders governance rights, allowing them to vote on decisions regarding the use of the property, like whether to rent or sell. Ali added that Lumia Towers tokens will launch on the Lumia Chain, granting easier access for retail investors. Polygon will play a key role in ensuring that developers like Lumia can customize their blockchain for this specific use case. Boris Spremo explained that Polygon will lower the cost of tokenizing ownership of the $220 million infrastructure without compromising security. Ali disclosed plans to expand the Lumia Towers model to other regions, such as the Middle East and North Africa, the US, and Europe. The Lumia Towers announcement comes amid a surge in real-estate tokenization. As we discussed earlier, Tether has partnered with Reelly Tech to integrate USDT into UAE’s booming real estate market. Before this integration, the New York Real Estate Fund (NYREF) tokenized an $18 million property in the heart of New York City. In a previous article we examined , Ripple CEO Brad Garlinghouse revealed increased demand for XRP as a preferred payment solution within the real estate sector.

In recent developments, institutional investors are increasingly considering Ripple (XRP) as a strategic asset to diversify their cryptocurrency portfolios beyond Bitcoin (BTC). According to finance expert Linda P. Jones, author of 3 Steps to Quantum Wealth, XRP has outperformed Bitcoin by 212% since November 2023 and has surged approximately 250% against Ethereum in the same period. XRP’s price recently surged past $2.30 after a modest 0.86% increase in the last 24 hours, bringing its market capitalization to $134 billion. Meanwhile, Bitcoin held steady at around $83,000 after a 6.78% decline over the past week. “Institutions will diversify out of Bitcoin and Ethereum only and add XRP ETFs to their portfolio,” Jones stated, emphasizing the growing interest in XRP as a viable investment option. As highlighted by CNF , financial giants such as Franklin Templeton and 21Shares have filed for XRP Exchange-Traded Funds (ETFs) in the U.S. Currently, there are 15 proposed XRP ETFs, surpassing Bitcoin ETF filings, which stand at 11. This shift suggests that institutional investors are beginning to recognize XRP’s stability and growth potential, looking beyond traditional assets like Bitcoin. Bitcoin ETFs have recorded $35.4 billion in net inflows since receiving approval from the Securities and Exchange Commission (SEC) in January 2024, and analysts believe XRP ETFs could exceed this figure upon approval. “Requests for XRP ETFs are filed with the SEC because financial companies anticipate demand for them,” Jones added. Regulatory clarity has significantly boosted institutional confidence in XRP, especially following a recent closed-door meeting between the Securities and Exchange Commission (SEC) and Ripple Labs, sparking speculation about a potential settlement in the long-standing lawsuit against Ripple. This meeting comes on the heels of the SEC’s decision to close investigations into other crypto-related lawsuits involving Uniswap, Robinhood, and Coinbase, signaling a potential shift in regulatory approach. A favorable resolution for Ripple could pave the way for broader adoption of XRP among institutions. Adding to this momentum, President Donald Trump announced the creation of a Crypto Strategic Reserve, positioning the United States as the “crypto capital of the world.” Initially set to include Bitcoin, Ethereum, Ripple, Solana (SOL), and Cardano (ADA), the reserve later prioritized Bitcoin over other assets. Trump’s acknowledgment of XRP has further boosted its legitimacy, with Linda Jones highlighting its inclusion in the U.S. Digital Asset Stockpile solidifies its role as a financial asset. As institutions seek to mitigate risks associated with a Bitcoin-centric portfolio, XRP is positioned to play a larger role in financial markets as a facilitator for faster and cheaper cross-border payments with its consensus mechanism.

Parasol, a subsidiary of Mysten Labs and the platform that enables game developers to incorporate blockchain infrastructure into games, said in a Friday press release that CODE OF JOKER: EVOLUTIONS, the SEGA-licensed game by Jokers Incorporated, will be released on the Sui blockchain. First launched by SEGA Corporation in 2013, the CODE OF JOKER series became extremely popular with trading card game enthusiasts. With the functionality offered by Sui’s ( SUI ) blockchain technology, the new release will make it possible for users to experience true digital ownership, trade freely, and share collections in a decentralized environment. This marks another step towards the convergence of traditional gaming with blockchain technology. The game will be available on iOS, Android, and Web later this summer 2025. Sui is a Layer 1 blockchain that is designed to support fast, secure, and scalable transactions. It is optimized for the needs of the gaming infrastructure of the modern era with its parallel execution and object-centric architecture. Jokers co-founder Takashi Mizuoka said in the press release Sui was “the only blockchain that could” fulfil his vision of living on the blockchain. “When we initially met with the Parasol team last year, it was clear that they were with us in the conviction that gaming will be at the center of Web3 transformation and the gamer community will be the first to adopt the decentralized economy,” said Evan Cheng, Mysten Labs CEO and Co-Founder. “With its massive library of SEGA Corporation IPs, CODE OF JOKER: EVOLUTIONS is the perfect first marriage of classic gaming IP and blockchain gaming.” Parasol’s entry into the Sui ecosystem reflects the accelerating trend towards blockchain gaming. Sui’s mainnet is already hosting innovative titles like standalone AAA titles like XOCIETY and Mysten Labs’ upcoming SuiPlay0X1, which is a device that can play Web2 and Web3-powered games. “Our partnership with CODE OF JOKER: EVOLUTIONS is a passion project by the group that grew up playing classic Japanese gaming,” Parasol CEO Kai Chen said. “Sui is the only blockchain that can provide the technical support our gaming partners require, and we’re grateful to have the backing of Jokers Inc. and Sega for our flagship project. There’s much more to come.”