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Sygnum Bank, a $1 billion Swiss bank, has announced that it will provide SUI with a range of institutional-grade services. Galaxy Digital has partnered with Mill City Ventures to oversee its $450 million SUI treasury. These actions highlight Sui’s development as a blockchain ecosystem designed for widespread use. Sygnum Bank Expands Institutional Access to SUI
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The post Crypto Markets Slide as Powell Flags Stagflation Risks, Tariff Troubles; Warns of Tough Road Ahead appeared first on Coinpedia Fintech News
Crypto prices dropped after U.S. Federal Reserve Chair Jerome Powell warned that higher tariffs and rising prices could slow down the economy. Speaking in Chicago, he said these changes might lead to stagflation, a mix of high inflation and low growth. Powell also talked about keeping the Fed independent from politics and pointed out how uncertain things are in the market right now. However, his promising comments regarding crypto caught investors’ sentiment.
The market saw a decline on Wednesday after Jerome Powell gave a cautious outlook on the U.S. economy. Powell raised concerns about rising inflation, slower economic growth, and the impact of trade policies, especially President Donald Trump’s proposed tariffs. His remarks led to uncertainty across financial markets, with crypto investors reacting quickly to the bearish tone.
Discussing cryptocurrency, Powell said crypto is becoming more mainstream and that a legal framework for stablecoins is “a good idea.” He highlighted the need for consumer protections and hinted at some regulatory flexibility to allow innovation, but added it must be done carefully to avoid attacking the stability of the banking system.
Also read: China Slapped with 245% Tariffs – Bitcoin Drops, Gold Hits Record High
One of Powell’s most concerning messages was about the growing impact of trade policies. He warned that tariffs introduced under Trump’s administration are larger than previously forecasted, even beyond the Fed’s worst-case estimates. These, he said, will likely drive prices up and slow economic growth.
Powell said, “The effects of that are likely to move us away from our goals, so unemployment is likely to go up as the economy slows in all likelihood, and inflation is likely to go up as tariffs find their way into the economy.”
Regarding the government’s debt, Powell described it as unsustainable over the long run, particularly because the U.S. is running large deficits even while the economy is at full employment.
Powell said that artificial intelligence could bring major changes to the economy, classifying it as more than just an improved search tool, comparing it to a more advanced version of a person. He noted that AI is one of the few developments likely to have a significant impact on the economy, though he acknowledged that it’s still unclear how these changes will unfold.
In a nod to potential challenges ahead, Powell said the Fed may face a situation where its two main goals: stable prices and full employment, come into conflict. If so, the central bank could be forced into making “a difficult judgment.”
Lastly, he addressed the Fed’s readiness to support global markets, saying it stands prepared to provide dollar liquidity via swap lines with other central banks. “We want to make sure that dollars are available,” Powell said.
Overall, the negative outlook on the economy caused Bitcoin and major altcoins to drop by nearly 2%. However, the market has started to bounce back after Powell’s comments about crypto innovation.
The post Crypto Markets Slide as Powell Flags Stagflation Risks, Tariff Troubles; Warns of Tough Road Ahead appeared first on Coinpedia Fintech News
Crypto prices dropped after U.S. Federal Reserve Chair Jerome Powell warned that higher tariffs and rising prices could slow down the economy. Speaking in Chicago, he said these changes might lead to stagflation, a mix of high inflation and low growth. Powell also talked about keeping the Fed independent from politics and pointed out how …
The Pi Network has achieved a significant milestone, with over 12,000 applications created on its newly launched Pi App Studio platform in less than two weeks.
This achievement coincides with a roughly 3% increase in the price of Pi Coin (PI) over the past day. However, an expert warns that the PI may face challenges ahead unless the team implements some major changes.
The Pi Core Team unveiled the no-code app development tool on Pi2Day. Pi App Studio leverages artificial intelligence (AI) to enable users, regardless of technical expertise, to design decentralized applications (dApps) by simply inputting prompts.
This ease of use has made it popular among users, as a prominent Pioneer, Dr Altcoin, highlighted recently.
“The new Pi App submissions for the AI App Studio have surpassed 12,000!” the user posted.
Dr. Altcoin suggested that Pi Network has the potential to become the largest crypto project in history, even if only half of the submitted dApps are fully functional and approved. He pointed to several factors driving this potential.
These include Pi Network’s large KYC-verified user base, broad global reach in over 200 countries and regions, and distinctive requirement for KYB approval from centralized exchanges and businesses using Pi. Additionally, Pi Network leads the industry with the highest number of community-developed dApps.
“All of this will organically and significantly boost the price of Pi in the years ahead,” the Pioneer noted.
Meanwhile, PI has shown signs of recovery. BeInCrypto data showed that the price rose 2.98% over the past day. At press time, Pi Coin’s trading price was $0.47.
However, the uptick is not due to Pi App Studio’s popularity but rather a market-wide rally driven by Bitcoin’s new record high. Furthermore, the small gains seem hardly enough to bring PI out of its nearly two-month-long slump.
BeInCrypto reported previously that despite several ecosystem developments, the price has failed to reverse its downtrend. Misleading claims, user disappointment, and rising exchange reserves have further weakened the case for a bullish rally.
Pi Coin’s price is just 16% away from its all-time low, and an expert claimed that it is ‘doomed to collapse below $0.40.’ Nevertheless, the Pioneer outlined several actions the team can take to save this sinking ship.
“If PCT (Pi Core Team) implements just 2 of the following 11 actions, the community can regain confidence, and the price can steadily rise again,” Pi Barter Mall stated.
Some of the strategies outlined include releasing a clear mainnet launch timeline, introducing DAO governance, and implementing token burn and buy-back programs. The user also proposes restarting mining rewards, providing incentives, launching liquidity pools, lending, staking, and cross-chain compatibility.
Furthermore, Pi Barter Mall stressed the importance of restoring user trust by sharing team holdings and addressing previous KYC restrictions.
“Without real action, Pi will lose the final layer of trust. But if PCT chooses the right path, we could witness a historic reversal,” the user concluded.
Previously, Ray Youssef, CEO of NoOnes, shared a similar perspective on Pi Network’s future. He emphasized that its success hinges on the team’s ability to move beyond the hype and focus on execution. The executive highlighted the importance of transitioning to an open mainnet, allowing free trading on public blockchains.
Youssef noted that this shift would enable price discovery and greater participation, key elements for the network’s long-term growth and sustainability.
“For Pi to sustainably reach or exceed $10 in a real market, it will need to have a full mainnet launch with open transfers, listings on high liquidity exchanges, a real economic layer, where people use Pi to buy, sell, or pay for services, and controlled inflation to ensure newly unlocked tokens don’t flood the market,” Youssef told BeInCrypto.
Thus, while the team continues to roll out new apps and updates, it still needs to go beyond these surface-level improvements and focus on the fundamentals to drive real price rally and sustainable growth for the network.
The post Pi Coin Rises Amid App Studio Milestone, Long-Term Success Relies on Strategic Overhaul appeared first on BeInCrypto.
The EUR/GBP pair is currently on a four-day losing streak, hitting its lowest levels in over a week, as bearish…