Pi Coin, once a rising star in the crypto space, has faced significant setbacks recently, with its price plummeting nearly 80% from its peak of $3. This drop has raised concerns about the project’s legitimacy, liquidity, and exchange support.
The suspension of Pi trading on BitMart a month ago, due to pending KYB (Know Your Business) approval for 1:1 Pi swaps, has particularly hindered its accessibility.
BitMart Resumes Pi Coin Trading
Pi Coin resumes trading on BitMart. Crypto expert Dr. Altcoin shared that this move could help the Pi Coin price recover and potentially reach the $1 mark. Additionally, an official KYB approval for BitMart might be on the horizon, which could further bolster investor confidence in Pi’s future.
Banxa, a major fiat on-ramp provider, recently suspended Pi Coin transactions, citing pending KYB approval. This move has reduced liquidity and created additional hurdles for users looking to buy Pi Coin with fiat.
Dr. Altcoin noted that despite this setback, Banxa had previously purchased millions of Pi at a low price and could return stronger once the approval is granted. This potential rebound could also coincide with a price surge, raising optimism among Pi investors.
Pi Network Exchange Listing
While Pi Network has garnered attention, its absence from major exchanges such as Binance, Coinbase, and Kraken has significantly limited its exposure and demand.
The listing speculations are growing, with the Pi logo recently appearing in a post on HTX’s platform, fueling rumors of a potential listing.
These moves, though promising, aren’t enough to fully lift the project’s visibility and trading volume on the global stage.
Florida’s proposed Bitcoin Reserve Bills, HB 487 and SB 550, have officially failed. The state legislature ended its 2025 session on May 2 without taking a vote on either measure. As a result, both bills were indefinitely postponed and withdrawn from further consideration. The proposals aimed to establish a Bitcoin reserve for the state, but they didn’t gain enough traction to move forward. With the session closed, any similar effort would need to be reintroduced in a future session.
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Florida’s proposed Bitcoin Reserve Bills, HB 487 and SB 550, have officially failed. The state legislature ended its 2025 session on May 2 without taking a vote on either measure. As a result, both bills were indefinitely postponed and withdrawn from further consideration. The proposals aimed to establish a Bitcoin reserve for the state, but …
Bittensor’s (TAO) subnet ecosystem continues to capture attention with its impressive performance amidst broader market volatility. The market cap has shown substantial growth. Additionally, the total number of subnets has increased threefold over the past year. At present, there are 95 subnets on the network.
Interestingly, the top three subnet tokens—Chutes (SN 64), Gradients (SN 56), and Targon (SN 4)—have posted strong monthly gains. While the momentum has slowed recently, the tokens’ fundamentals and community support remain important factors for consideration.
Chutes
Chutes is a serverless AI compute subnet on Bittensor. The platform offers tools for deploying AI models directly through their platform or via an API, making it simple for developers to integrate AI into their applications without needing to manage the underlying infrastructure.
In terms of performance, the token’s price has increased by approximately 170% over the past month. Since late March, the subnet token has seen a substantial rally, driving its market capitalization to surpass $100 million.
“Bittensor TAO has its first $100 million subnet, just 9 weeks after dTAO launch. Congrats Chutes (SN64)! Chutes is ‘serverless AI’ providing ‘instant on’ AI model hosting (DeepSeek, Mistral, etc.) for 85% less cost than AWS,” a user highlighted on X.
Nonetheless, the high was followed by a slight correction. Since mid-April, the token has been trading more steadily. At press time, it traded at $115.4 (0.35 TAO), representing a weekly decline of 12.1%. In addition, its market cap has also dipped to $93.7 million.
Chutes (SN 64) Token Performance. Source: Tao Stats
It is worth noting that Chutes is one of three subnets developed by Rayon Labs on Bittensor, alongside Gradients and Nineteen. The former is next on the list.
Gradients
The Gradients subnet is designed to make AI model training accessible to everyone. It leverages the Bittensor network’s decentralized infrastructure, allowing users to easily train AI models with minimal effort, even without prior AI knowledge. Its latest version (V3) was launched on April 15.
Wanted a comparison? You’ve got it.
TLDR: Gradients is cheaper AND better.
Some come close to the performance (Google Vertex) but at high cost per hour.
Some come close to the cost (togetherai) but not even close to the performance.
Impressively, its gains even surpass Chutes. Its price has appreciated by over 550% in the last month.
“Gradients has pumped 500%+ in just a couple of weeks,” an analyst observed on April 2.
Yet, much like Chutes, the subnet token also saw a correction, which caused it to shed 30.7% of its gains over the past week. At press time, Gradients’ trading price stood at $54.1 (0.16 TAO).
Gradients (SN 56) Token Performance. Source: Tao Stats
Despite this, the community’s optimism remains quite strong.
“Subnets created by Rayon Labs now account for over a quarter of emissions on Bittensor. This is what happens when a world class team builds with conviction and actually delivers. The network rewards those shipping real products and bringing real value,” the analyst added.
Targon
Lastly, the Targon subnet is a decentralized infrastructure within the Bittensor network, specifically designed to support a marketplace for digital commodities related to AI. As a decentralized system, Targon enables AI models to interact, process, and generate information across various data types and formats without relying on a centralized authority.
“Targon stands out as one of the strongest subnets in the ecosystem,” a user claimed.
Nevertheless, the subnet token has seen the smallest gains compared to its counterparts. Its value has appreciated by around 60% over the course of the last month. It faced a correction in early April. After a slight recovery, the declines resumed.
Targon (SN 4) Token Performance. Source: Tao Stats
At press time, the token’s price was $52.4 (0.15 TAO), a downtick of 19.3% over the past seven days.
As more developers and businesses explore decentralized AI solutions, Bittensor’s ecosystem is likely to expand. The ongoing evolution of these subnets will be crucial in shaping the future of AI infrastructure, and monitoring future developments could likely reveal new opportunities within the decentralized AI market.
Crypto prices are surging today, March 6, 2025, with Bitcoin (BTC) hitting a three-day high of $92,000. Ethereum price has also gained by 4.6% to around $2,300. All the top-ten cryptos by market cap have also registered strong gains, with Dogecoin (DOGE) leading the pack with a staggering 10% rise.
Despite these market-wide gains, volatility risks remain. Mt. Gox has moved $1 billion in BTC, triggering concerns of a looming selloff. Retail traders also appear to be leaving the market amid declining volumes on PumpFun and a drastic drop in the meme coin market cap.
Crypto Prices Face Volatility Risks as Mt. Gox Moves $1B Bitcoin
Defunct cryptocurrency exchange Mt.Gox has moved 12,000 BTC valued at approximately $1.09 billion. According to Arkham, these coins were moved to a new wallet address, sparking speculation of upcoming creditor repayments.
Mt.Gox Bitcoin
The Mt.Gox Bitcoin repayments could increase volatility in the crypto market. The creditors that have waited for more than a decade may opt to sell once they receive BTC. This large sell-off could trigger a short-term drop in crypto prices. Moreover, if these coins end up in the market at a time when the demand is low, it could impact Bitcoin’s rally towards $100,000.
PumpFun Volumes Plunge 94% – Can Solana Price Sustain Gains?
Transaction volumes on the Solana meme coin launchpad PumpFun have declined by 94% as most crypto prices tumbled. These volumes are now at their lowest level in nearly a year, suggesting that interest in meme coins is dropping.
PumpFun Volumes
PumpFun volumes peaked in January after the release of Solana meme coins like TRUMP and MELANIA. However, interest has gradually faded as these meme coins lost nearly all of their gains barely one month after launching.
These declining volumes have sparked a bearish Solana price prediction after it dropped by 27% in one month. At press time, SOL trades at $149 after a 4.7% drop in 24 hours.
Meme Coin Market Cap Drops by $59B As Dogecoin Price Rebounds
The total meme coin market capitalization has dropped by $59 billion from its 2025 peak of $116 billion amid falling crypto prices. At press time, the total meme coin market cap stood at $57 billion after falling by more than 50% year-to-date.
Meme Coin Market Capitalization
This decline shows traders have become hesitant to buy meme coins. However, the declining interest is prevalent in newer meme coins, as the hype fades, interest has returned to older meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB).
At press time, Dogecoin price had posted a notable 10% gain to trade at $0.21, while Shiba Inu price had surged by 5%.
What’s Next for Crypto Prices
Crypto prices show signs of heightened volatility. The $1 billion BTC transfer by Mt.Gox could stir panic selling and cause Bitcoin to fall below the $90,00 psychological level again. Given that altcoins have been tracking Bitcoin price, signs of weakness could also plunge altcoin prices.
Meme coins are no longer draining liquidity from the broader market. Reduced interest in new meme coins has led to PumpFun transaction volumes falling by 94%. Older meme coins like Dogecoin and Shiba Inu have also seen renewed interest, which may bode well for price.
