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Pi Network (PI) Misses the Rally: Is Further Trouble Brewing?

TL;DR Pi Network (PI) fell by 3% in the past seven days, potentially weighed down by massive token unlocks and a lack of fresh support from major exchanges. Some analysts predict a potential rebound, while others have warned that dealing with the asset could lead to painful losses. Missing the Green Wave The cryptocurrency market has been on an evident uptrend in the past week. Bitcoin (BTC) is up almost 10% for the period, currently trading at around $95,000, whereas Ethereum (ETH) saw its valuation rise by 11.5%. Very few of the top 50 digital assets remain in the red on a seven-day scale, and unfortunately for the Pi Network community, their favorite token is one of those. As of this writing, PI is worth roughly $0.61, which is a 3% weekly decline. What’s more, the current level represents an 18% drop for the last two weeks. PI Price, Source: CoinGecko It is worth mentioning that the asset started retracing in mid-April, right after the major release of almost 7 million tokens. The unlocks remained in the millions in the following weeks and are expected to speed up even further in the upcoming days. Data shows that over 230 million PI will be freed up in the next month, with April 30 being the record day when 11.3 million tokens will be released. Events like these typically lead to higher selling activity, as investors finally get the opportunity to sell coins they’ve been waiting for a long time . Although some holders may stay put, the danger of a mass exit still looms. Another factor that may have negatively impacted PI’s price is the lack of new support from leading crypto exchanges. Well-known names that have already embraced the asset include Gate.io, OKX, Bitget, and others. However, Binance and Coinbase remain uninvolved. The former issued a community vote in February to determine whether its users want to see PI available on the platform. While more than 85% clicked the “yes” option, there hasn’t been a follow-up announcement. Price Predictions Despite the retreat registered in the past weeks, certain X users continue to make optimistic predictions. MOON JEFF, who often touches upon the matter, recently forecasted that PI could rise to $1. Interestingly, at the beginning of the month, he labeled Pi Network “a slow rug,” suggesting that the token’s potential ascent to $1 is “just a dream.” Kuzo also shared their thoughts, claiming PI “doesn’t look good” based on investigations conducted over the past month. “People will lose millions or even billions of dollars. It’s worse than you could’ve imagined. If you’re still holding, think twice. I’ll drop my investigation soon , make sure you’re following,” they added. The post Pi Network (PI) Misses the Rally: Is Further Trouble Brewing? appeared first on CryptoPotato . CoinOtag

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Bybit Introduces API Access for On-Chain Earn and Flexible Savings

DUBAI, UAE, April 28, 2025 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange by trading volume, now offers API access for its On-Chain Earn and Flexible Savings products. Expansion to other Earn product types is currently in progress. Full technical specifications and integration instructions are available in the official API documentation . This new integration gives institutional users and developers the ability to connect directly with Bybit’s infrastructure, enabling efficient, automated, and scalable management of their yield-generating strategies. Bybit’s On-Chain Earn products allow users to earn rewards by participating in blockchain-based (or “on-chain”) financial opportunities such as staking and liquidity protocols. These products provide users with a DeFi-like experience by enabling interaction with smart contracts on public blockchains without the need for technical expertise. Staking in the crypto world often demands significant technical know-how and dedicated hardware, making it inaccessible for many. Bybit’s On-Chain Earn removes these barriers by handling the complexities behind the scenes — including gas fees, node operations, and reward distribution — so users can stake with ease and confidence. An API, or Application Programming Interface, is a tool that allows different software systems to communicate. Bybit’s API allows developers and institutional users to programmatically access On-Chain Earn and Flexible Savings functions through their own platforms, enhancing customization and operational control. “Bridging centralized access with decentralized opportunity is one of our core missions,” said Jerry Li, Head of Earn & Wealth Management at Bybit. “With API support for On-Chain Earn, we’re giving power users the infrastructure they need to build, manage, and fine-tune strategies with the speed and precision the market demands.” The API offers structured access to key functions, including: An overview of currently available On-Chain Earn products, with filters by token and product category (LST, non-LST, or Mint), Detailed product data such as estimated APYs, staking terms, redemption timelines, minimum and maximum limits, exchange rates, and reward distribution mechanisms, Historical and real-time tracking of staking and redemption, Summaries of current positions and accrued rewards, Programmatic access to eligible Earn products for subscription and redemption, tailored to each supported mechanism. This release marks a key step in Bybit’s continued efforts to support advanced users with infrastructure that connects centralized tools to decentralized finance opportunities. #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube CoinOtag