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Despite the apparent end to Operation Chokepoint 2.0, traditional financial institutions’ battle with crypto firms continues to escalate. According to a16z partners, following Operation Chokepoint 2.0, U.S. banks are now pushing “Chokepoint 3.0” – a new strategy aimed at suppressing crypto and fintech competition. Banks Have Found A Workaround to Target Crypto Firms In a
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The Pi Network community is eagerly awaiting Pi Day, which will mark the sixth anniversary of the project. However, even as anticipation builds within the community over the impact that this day will have on Pi coin price, several concerns remain that could impact token holders. This article explores the four things that Pi Network token holders need to worry about on this pivotal date.
Pi Day is an event that is celebrated on March 14 every year and will coincide with the project’s sixth anniversary. During this event, Pi Network token holders are awaiting a flurry of announcements that could spike the level of market interest in the altcoin.
Pi Coin has made waves since its launch, with its market cap surging to more than $11 billion. Top exchanges like OKX and Bitget have listed Pi Coin. There has also been notable Pi Coin adoption from a top US real estate company.
Pi Day is set to unlock another stage for the project. This day is also the deadline for mainnet migration. There is also anticipation that a major exchange might list Pi Network token on this day.
Nevertheless, despite the buzz surrounding this day, Pi Coin holders should remain concerned about the following:
The Pi Network migration deadline is on Pi Day 2025. This migration will transfer Pi token holders and users from the testnet to the official blockchain that launched last month. Users can only migrate their tokens if they complete Know Your Customer (KYC) verification.
Pi Network has set the deadline for migration on March 14, 2025. It has also stated that there will be no extensions to this deadline. Those who fail to complete KYC and the migration will end up losing most of their Pi tokens.
The possibility of losing Pi Coins if one misses the migration deadline should concern token holders. Moreover, given the gains that the Pi Network token could see during this event, losing these coins could lead to major losses.
Pi Network token holders should also be concerned about the level of decentralization on the project. Pi Coin has a maximum supply of 100 billion tokens. Meanwhile, data from PiScan shows that 62 billion tokens are held by six wallets belonging to the core team.
Besides the supply distribution, the Pi Network has 2 active validators globally and only 17 active nodes. This is a significantly small number compared to decentralized networks like Bitcoin and Ethereum, which have thousands of active nodes and validators that guarantee decentralization.
Such concerns could weigh on the Pi Network price after Pi Day. It may also hinder broader adoption, and impact investor confidence.
The Pi Network community is optimistic about Binance listing Pi Coin. Some anticipate that the listing could happen on Pi Day after the mainnet migration and users meet KYC requirements.
Nevertheless, Binance has yet to confirm the listing. Coinbase has also not revealed plans to list this token despite Pi Coin gaining swift adoption in the US. If Pi Network token is not listed on another major exchange on Pi Day, it could slow the momentum and reduce investor confidence.
Pi Network price today is $1.68 with a marginal drop of 1.7% in 24 hours. The RSI is at 55, which is close to neutral levels, indicating that buying activity has slowed. The CMF indicator has also tipped south, which is a sign of Pi Coin price weakness as buying pressure fades.
The lack of significant buying pressure around the Pi Network token despite the hype around Pi Day is concerning. If this momentum continues, the price could slip to the 23.6% Fibonacci level of $1.36. Conversely, if buying pressure surges and reverses the trend, Pi Coin could touch the 123.6% Fib level of $1.93.
The Pi Network token is poised for price volatility on Pi Day. While a flurry of announcements could spark gains, Pi Coin holders should still take note of factors like the mainnet migration. Concerns about decentralization and failure of being listed on other top exchanges may affect the price performance.
The post 4 Things Pi Network Token Holders Need to Worry About Ahead of Pi Day appeared first on CoinGape.
The post Crypto Tax Rules in India Trigger Mass Notices to Traders appeared first on Coinpedia Fintech News
India’s stance on cryptocurrency continues to spark debate. On one hand, the government imposes a steep 30% tax on crypto gains, prohibits offsetting losses, and enforces a 1% TDS on every crypto transaction. On the other hand, it hasn’t outright banned digital assets, leaving the sector stuck between regulation and uncertainty.
India’s crypto industry is divided. While Raj Kapoor, CEO of the India Blockchain Alliance, believes strict rules are better than ambiguity, many crypto players argue for reform. Local exchanges are pushing for:
However, with rising concerns about tax evasion and cybercrime, authorities are hesitant to embrace liberal crypto policies just yet.
The Indian Income Tax Department has issued notices to thousands of individuals who traded digital assets but failed to report them in the FY 2022–23 and 2023–24 tax filings.
Authorities suspect that some traders used crypto as a tool for tax evasion, exploiting the lack of detailed reporting standards during the early days of regulation.
Crypto traders must now correct their filings using the updated return option. CoinDCX Co-founder Sumit Gupta has advised all users to report crypto income, including earnings from airdrops or global exchanges, and emphasized the need to stay compliant.
India’s current crypto tax policy includes:
Due to these tough regulations, top global exchanges like OKX have exited the Indian market. Even homegrown platforms feel the pressure, urging policymakers to reconsider the TDS rate and revise the tax structure to promote growth and investment.
India’s reluctance to ease crypto regulations stems in part from the rise in crypto-linked cybercrimes.
The Central Bureau of Investigation (CBI) has now built in-house systems to track and seize crypto, signaling the government’s focus on creating a safer crypto environment before relaxing policies.
India isn’t against crypto, but it’s not fully embracing it either. With tax notices being sent, foreign platforms exiting, and cybercrimes increasing, the focus remains on compliance and safety rather than rapid liberalization. Until India establishes a robust regulatory framework, a truly crypto-friendly economy might remain out of reach.
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
The post Crypto Tax Rules in India Trigger Mass Notices to Traders appeared first on Coinpedia Fintech News
India’s stance on cryptocurrency continues to spark debate. On one hand, the government imposes a steep 30% tax on crypto gains, prohibits offsetting losses, and enforces a 1% TDS on every crypto transaction. On the other hand, it hasn’t outright banned digital assets, leaving the sector stuck between regulation and uncertainty. Mixed Signals From India’s …
Despite the recent crash, Solana (SOL) price has rebounded quickly and trades near $150. However, a look at the high time frame chart shows that SOL could hit $400 or even double from here to reach $800. To do this, Solana price needs to clear one critical resistance level, after which it could kickstart an exponential rally to the aforementioned levels.
After Bitcoin (BTC) slipped 2.37% on Wednesday, altcoins, including Solana (SOL), also crashed. Despite the sudden drop, SOL price has shown incredible resilience, leading to a 6.44% recovery bounce since then. As of today, the token trades around $150.
The weekly chart shows Solana price converging between two trendlines connecting the lower highs and higher lows formed since early 2024 and 2023, respectively. During this uptrend, SOL’s value has exploded from $11 to nearly $300, roughly 27x. However, a look at the 50-week and 200-week Simple Moving Averages (SMAs) reveals a key bullish outlook.
The 200-week SMA at $95.20 was a stable support for Solana price when it crashed in early April. A bounce from this level has pushed SOL’s value up by 56%. Likewise, the 50-week SMA that was a support in second half of 2023, flipped into a resistance when SOL price crashed below it in February 2025. Hence, a reclaim of this level hints at bullish Solana price prediction.
Assuming SOL price reclaims the 50-week SMA at $168 or roughly $170, it would denote a resurgence of bulls. Since this was a key support flipped into a resistance, a reclaim will boost sentiment and likely attract buyers. This move would denote the start of the bull run. Hence, a further spike in bullish momentum coupled with an improved crypto market outlook could propel this Ethereum-killer to the top of the current range at $300.
If Solana price overcomes the inclined trendline, the next key take profit levels include –
To conclude, Solana (SOL) ‘s technical outlook looks primed for a bullish reversal. However, investors need to pay attention to the fundamentals and macroeconomic outlook for confirmation. Here are some key events that could disrupt this optimistic outlook and triple-digit targets for the SOL price.
The post Clearing Critical Level May Propel Solana price to $300 or $900 appeared first on CoinGape.