This Week in Crypto: Pi Network on CoinMarketCap, US Creates Strategic Bitcoin Reserve, Binance Delisting, and More
This week, the crypto space continues to see high-profile events with significant changes from exchanges, politics, and emerging projects. These developments continue to influence and shape the growth of the global crypto ecosystem.
Here are the biggest highlights of this week:
Pi Network on CoinMarketCap
Pi Network’s PI token has officially appeared on CoinMarketCap, marking a major milestone for the project. This event increases Pi’s visibility in the global crypto community.
However, the excitement is tempered by the delay in the Binance listing. The Pi Network community continues to wait, despite strong support from Binance network voters.
Despite concerns over whether Binance will approve the listing, Pi Network has maintained strong momentum with over 4 million followers on X (Twitter).
Donald Trump Announces US Crypto Reserve
This week, former President Donald Trump sent shockwaves through the crypto community when he proposed the creation of a US Crypto Reserve. He named potential assets such as XRP, Cardano (ADA), and Solana (SOL) as potential members of the reserve.
The main goal of the proposal is to elevate the US’s position in the blockchain space and create a foundation for integrating cryptocurrencies into the national financial system. The move has received mixed reactions from the community, with both supporters and skeptics questioning the feasibility of the plan.
US Creates Strategic Bitcoin Reserve
Donald Trump has signed an executive order establishing a Strategic Bitcoin Reserve, which will be funded by seized Bitcoin. The order highlights Bitcoin's importance as "digital gold," with a fixed supply of 21 million coins, and that the creation of the reserve would provide a strategic advantage to the United States.
However, critics say the move lacks practical impact, being a rebranded version of previous initiatives without any concrete steps forward.
Binance Considers Delisting 10 Tokens
Binance is considering delisting 10 altcoins due to liquidity concerns and regulatory concerns. Among them, GoPlus Security (GPS) is one of the tokens at risk, with its value plummeting shortly after its listing on Binance.
In a statement, Binance revealed that a monitoring tag was applied to GPS due to a significant drop in price shortly after its listing, along with suspicious market-making activity by one of GPS's partners. The token immediately dropped 49% after the announcement.
Trump Hosts Crypto Summit at White House
The other major crypto event this week was the first-ever White House Crypto Summit, which brought together industry leaders, policymakers, and blockchain innovators.
Main topics included regulatory frameworks, the role of cryptocurrencies in national security, and the future of decentralized finance (DeFi). However, many remain to see whether the summit will result in concrete policy changes or just be a symbolic political event.
Conclusion
With major events such as the Pi Network token listing, Trump’s executive order on Bitcoin Reserves, and Binance’s potential delisting, this week has proven that politics and exchanges continue to be major factors shaping the crypto industry. The community will continue to watch to see if these changes have a lasting impact on the market.
