Pi Network’s Mainnet Apps Launch

Pi Network has unveiled 20 Mainnet apps ahead of its Q1 2025 Open Network launch, offering real Pi transactions through the Pi Browser’s Ecosystem Interface. This marks a pivotal shift from Testnet applications, signaling significant progress for the network and its developers. According to the PiChainMall CEO, Pi Network might become a Layer 1 blockchain with a market cap of more than $1 billion. Users are called upon to interact with independent apps cautiously as the nearness of the mainnet draws closer.

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Tether (USDT) is facing potential legal challenges in Europe with the introduction of Markets in Crypto-Assets (MiCA) regulation. It mandates that stablecoins should be fully transparent and maintain high liquidity standards. Failure to comply with this requirement may result in USDT being delisted from European exchanges, causing a market disruption and volatility. This looming threat might push traders toward alternative stablecoins such as USDC or DAI depending on the outcome of regulatory scrutiny.

Solana Co-Founder Faces Lawsuit

Solana co-founder Stephen Akridge is facing a lawsuit with his former wife, Elisa Rossi, who claims that he misappropriated her crypto assets by taking her staking rewards from her Solana holdings. The issues addressed by the case – asset management and fraud in the crypto space – attract the attention of the crypto community. The result may damage Solana’s reputation while throwing up wider questions about the integrity of crypto asset management.

A Chainlink ($LINK) whale has suffered a $4.5 million loss after depositing 250,000 LINK ($5.37M) to Binance and OKX. The whale’s withdrawal hints at a possible rebound in the price. The analysts are optimistic and say that LINK can go up to $34 by January 2025, and potentially reach $43.03 if the price sustains above $21.

Avalanche (AVAX) Price Outlook

Avalanche (AVAX) – fast transaction processing speed is over 4,500 TPS – fell 15.46% to $36.80 over the last few days but has mechanisms that cap its supply and burn transaction fees, potentially increasing future demand. Emin Gün Sirer, one of the project’s founders, emphasized its potential, especially with increasing user engagement and wallet addresses. Though unlikely to reach $100 by 2025, it is in the DeFi and NFT sectors that give it solid prospects for future growth.

These updates show some significant movements in the crypto space, ranging from the advancement of Pi Network to regulatory issues faced by Tether, the legal problems Solana has been experiencing, and Chainlink and Avalanche shifting their strategic moves.