Initia Mainnet Goes Live, Here’s How to Claim the Airdrop Allocation

Monicah W

Initia Mainnet Goes Live, Here's How to Claim the Airdrop Allocation

The Layer-1 blockchain platform Initia launched its mainnet and airdrop on April 24. The official token is now live in the market and is gaining significant attention due to the new launch and hype around the crypto project. Interestingly, the blockchain platform allocated a significant amount of the airdrop to eligible users. Let’s discuss how to claim.

Initia Mainnet Live, But Airdrop Closes in 30 Days

The Initia mainnet launch is part of the blockchain project’s vision of building an Interwoven Economy. For the same, they have launched the INIT token with a fixed supply of 1 billion, and these will play a significant role in supporting growth, security, and governance.

Interestingly, 50M INIT tokens are allocated to the airdrop, which is 5% of the total supply. These tokens will be distributed among network testers, advocates, and early users of the platform. The Initia airdrop is live, but open for 30 days only, past which the unclaimed tokens will be unavailable.

Initia airdrop

The eligibility is decided based on the users’ testnet participation, social contribution, and other factors. Interestingly, in contrast to most crypto airdrops of 2025, INIT’s performance was least affected.

The token was launched with an initial price of $0.62 and surged to a high of $0.93 after a 50% rally. The uptrend is still maintained, as the token currently trades at $0.87 with a market capitalization of $132.09M, making it the perfect time to claim.

INIT Token price rally

How to Claim Initia Airdrop tokens?

Along with the Initia mainnet launch, the token has become a hit among investors, as the claim rate has topped more than 80% in the 24 hours. Various crypto analysts have pointed out the reasons behind this success, including long open registration periods, multiple account linking options, clear communication, and much more.

INIT airdrop claim

Although most have already claimed the INIT airdrop token, the remaining could follow these steps:

  1. Go to the Initia airdrop claim page
  2. Connect the crypto wallet (the same one that was involved in the testnet activities)
  3. Follow the steps provided on screen
  4. Pay gas fees and confirm the transaction
  5. The Initia token will be transferred to the wallet.

It is important to note that these tokens would not be available after 30 days, i.e., 24 May. Investors must claim their tokens before that. Interestingly, after the Initia mainnet, another mainnet is to go live soon, as the R2 testnet launched. Stay updated.

The post Initia Mainnet Goes Live, Here’s How to Claim the Airdrop Allocation appeared first on CoinGape.

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Is Pi Network Breakout Imminent? New Roadmap Sparks 4% Surge Amidst Mixed Reactions

The post Is Pi Network Breakout Imminent? New Roadmap Sparks 4% Surge Amidst Mixed Reactions appeared first on Coinpedia Fintech News

Pi Network price has surged over 4% in the past 24 hours following the launch of its Migration Roadmap. Although the token is showing some signs of recovery across several indicators, it is too soon to confirm an uptrend.

Although technical indicators like the Ichimoku Cloud and RSI hint that price might be recovering, it’s still facing strong resistance that is blocking a clear breakout. Besides, many in the Pi Community are frustrated that the new Migration Roadmap is not clear enough which adds another layer of uncertainty about where the price is headed next.

Users Frustated Over Lack Of Details

Pi Network released its Mainnet Migration Roadmap, but it lacks specific dates and clear details, leaving users frustrated. The roadmap outlines three phases, but no timelines are given, causing uncertainty. Some users noticed discrepancies in their coin balances, with no way to resolve them.

Additionally, the claim that all tokens were minted at genesis has sparked debate, raising concerns about the project’s transparency. With 108.9 million tokens unlocked this month, users are unsure how the migration will unfold. These issues are weakening trust in the Pi Network.

Pi Network Still Faces Resistance

It is trading just below the Ichimoku Cloud, a key resistance area which signals that buyers are trying to push the price up. Although the price has been making some higher lows and hinting at a possible recovery, it still has not broken the resistance yet.

Besides, the market is still not strongly bullish yet, showing that the short-term momentum is weaker than the medium-term trend, hence its not a clear signal to buy. Traders are being cautious and are waiting for stronger signs before making any big moves. 

Also, the Ichimoku Cloud is getting thicker and more tilted, which suggests that bigger price swings may be imminent. If Pi breaks above the cloud, it could signal a strong upward trend. However, until thay happens, Pi remains in a vulnerable position with a risk of rejection still likely.

Pi Network’s RSI has bounced back to 53.77 from 32.34, signaling recovery. However, after peaking at 57.25, it has cooled slightly, weakening bullish momentum. The RSI is in neutral-bullish territory, showing moderate strength but still far from overbought levels. If momentum builds, there’s potential for growth, but caution is stil needed as the trend is not yet solid.

Key Resistance Levels

Pi Network (PI) is testing key resistance at $0.66. A breakout could push the price to $0.789 and $0.858, possibly reigniting bullish momentum. A successful breakout could possibly push PI to $1.23 or $1.79. However, frustrations over the unclear Migration Roadmap add uncertainty. If PI fails to break $0.66, it may dip toward $0.54 or $0.40. 

The next few sessions are crucial for determining the token’s direction, heavily influenced by both technical signals and community sentiment, awaiting a clear breakout or drop.

Focus on Consensus 2025 Next

With the Consensus 2025 fast approaching, excitement is building in the Pi Network Community. Analyst Dr Altcoin notes that this event is a major chance to promote Pi Network especially as the Pi founder Nicolas Kokkalis is set to share the stage with personalities like Bo Hines and Eric Trump.

Game Changer for Pi Coin?

Dr. Altcoin believes that Consensus 2025 could be a game-changer for Pi Network, only if the Pi Core Team acts fast. He’s urging them to approve all KYB applications and officially launch DApps in the Pi ecosystem before the event to maximise the opportunity on the global spotlight and boost Pi’s credibility and growth.

The Pi Core Team has under a month to approve KYB and launch DApps before Consensus 2025, as delays have driven some projects to other blockchains. Pi is currently priced around $0.64, but with upcoming developments and potential adoption by big institutions, some believe it could reach $30, although short-term volatility remains a concern.

The post Is Pi Network Breakout Imminent? New Roadmap Sparks 4% Surge Amidst Mixed Reactions appeared first on Coinpedia Fintech News
Pi Network price has surged over 4% in the past 24 hours following the launch of its Migration Roadmap. Although the token is showing some signs of recovery across several indicators, it is too soon to confirm an uptrend. Although technical indicators like the Ichimoku Cloud and RSI hint that price might be recovering, it’s …

XRP News: NYSE Arca Approves Listing of Teucrium’s 2X Long Daily XRP ETF

XRP News: NYSE Arca Approves Listing of Teucrium's XRP ETF

In the latest XRP news, the market has received a boost with NYSE Arca’s approval of the Teucrium 2X Long Daily XRP ETF. The stock exchange’s move is considered a step forward in integrating more crypto-based investment products into the conventional financial system.

The Teucrium XRP Leveraged ETF

Per the latest XRP News, NYSE Arca approved the listing and registration of Teucrium’s 2X Long Daily XRP ETF under the Securities Exchange Act of 1934. This ETF, part of the Listed Funds Trust, gives investors a leveraged way to gain exposure to XRP, the digital currency used on the XRP Ledger.

It is worth noting that Teucrium received the green light from the American Security Commission in 2022 to launch a Bitcoin futures ETF. Now, the company is expanding into the XRP market to make it easier for investors to access alternative markets.

This move is part of a growing trend as more traditional financial firms get involved in crypto. The launch of the leveraged XRP ETF shows that confidence in the coin’s future is picking up.

In addition, crypto experts suggest that this approval signals a shift in sentiment toward risk-on products. Though regulatory challenges remain, such listings could only mean the demand for digital assets in conventional markets.

Growing Push for XRP ETF By Asset Managers

Aside from the Teucrium leveraged product approval, other major asset managers are also pushing for spot XRP ETF approvals. 

In an earlier update, Franklin Templeton filed S-1 registration statement with the SEC for a potential XRP ETF. This follows its applications for Bitcoin and Solana ETFs. The move shows a serious interest in expanding crypto services to traditional investors.

Furthermore, speculation has also grown around BlackRock, especially after Ripple CEO Brad Garlinghouse commented that an XRP ETF makes sense for the community. 

Though no official partnership has been confirmed, many in the crypto space expect more applications in the months ahead. This is even more likely with the Ripple and SEC lawsuit closure, paving the way for more interest.

XRP Futures in the Spotlight

Furthermore, the XRP futures product is gaining traction in the broader market.

As reported earlier, Coinbase Institutional has filed with the CFTC to self-certify XRP futures contracts via its derivatives arm. The contracts are set to launch on April 21, 2025. This filing process allows for a quicker path to market.

Meanwhile, Bitnomial, a digital asset derivatives exchange, has launched CFTC-regulated XRP futures in the U.S. This move comes after the SEC closed its appeal against Ripple, clearing regulatory hurdles. 

Many experts believe the development marks another step in bringing XRP into mainstream, regulated markets.

The post XRP News: NYSE Arca Approves Listing of Teucrium’s 2X Long Daily XRP ETF appeared first on CoinGape.

New US Bill Targets Carbon Emissions From Bitcoin Mining and AI Data Centers

US Senators Sheldon Whitehouse and John Fetterman have introduced the Clean Cloud Act of 2025. The bill aims to reduce carbon emissions from energy-intensive crypto-mining operations and artificial intelligence data centers.

This comes at a time when Bitcoin miners are increasingly moving towards renewable energy sources to power their operations.

Clean Cloud Act Links Rising Energy Demand to Bitcoin Mining

According to the bill, the Environmental Protection Agency (EPA) would have the authority to set annual carbon performance standards for facilities with over 100 kilowatts of installed IT power.

These standards would tighten each year, with emissions limits declining by 11% annually.

Companies that exceed the cap will pay a starting fee of $20 per ton of carbon dioxide equivalent. This fee will rise yearly, adjusting for inflation and an additional $10 per ton. The bill also enforces strict accounting methods to include indirect emissions from the grid.

The lawmakers argue that crypto miners and AI centers are driving up power demand at an unsustainable pace. According to them, the current clean energy sources cannot keep up with the rapid growth of the demand for Bitcoin mining.

They noted that data centers alone use 4% of all electricity in the US and could hit 12% by 2028. They also pointed out that utilities have even restarted old coal plants to meet rising demand, worsening the country’s carbon footprint.

Considering this, Senator Whitehouse noted that this pressure is driving up electricity costs for consumers. He said the bill would push tech firms toward clean energy investments and help ensure the US power grid can reach net-zero emissions within the next decade.

“The good news is that we don’t have to choose between leading the world on AI and leading the world on climate safety: big technology and AI companies have all the money in the world to pay for developing new sources of clean energy, rather than overloading local grids and firing up fossil fuel pollution.  The Clean Cloud Act will drive utilities and the burgeoning crypto and AI industries to invest in new sources of clean energy,” the lawmaker stated.

To protect low-income households, 25% of the revenue generated from emissions penalties will offset energy costs. The rest will fund grants supporting long-duration storage and clean power generation projects.

Meanwhile, this move is coming as the crypto industry steadily transitions to greener energy.

A recent MiCA Crypto Alliance report shows that renewable energy powered 41% of Bitcoin mining by the end of 2024, up from 20% in 2011.

Bitcoin Miners Renewable Energy Use.
Bitcoin Miners Renewable Energy Use. Source: MiCA Crypto Alliance

Following this rapid adoption rate, the report forecast that renewables could support over 70% of mining activities by 2030, driven by cost efficiency, evolving policies, and a broader shift toward sustainable practices

The post New US Bill Targets Carbon Emissions From Bitcoin Mining and AI Data Centers appeared first on BeInCrypto.