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Pi Network (PI) News Today: October 28th – CryptoPotato

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Pi Network continues to advance its ecosystem, while the project’s native token has experienced significant volatility as of late. In the following lines, we will explore these topics in detail.
Last month, Pi Network’s team revealed that the protocol will move from v19 to v23. The new version was described as “a custom Pi protocol, pulling upgrades from Stellar v23, adding new functionality and control.” Specifically, it will embed Know-Your-Customer authority to maintain the project as a KYC-verified blockchain, while offering a more “distributed, community-driven process.”
Earlier today (October 28), several X users reported that Testnet2 v23 had been officially activated. They also outlined that the next step is the introduction of the Mainnet v24 / Stellar.
The implementation of the upgrade ensures that all network nodes now operate under Protocol v23 (fully compatible with Stellar SCP). It also enables smart contracts and DeFi functionalities, synchronizes community dashboards and monitoring tools with the new network status, and establishes that all future governance proposals/votes apply to the upgraded version.
Another recent development related to the controversial crypto project is the Pi Hackathon 2025. The team launched the event towards the end of August with the primary goal of encouraging Pioneers to create real-world applications that expand the utility of the PI token.
It also promised a 160,000-coin prize pool for the top eight teams. The Hackathon reached its halfway point a month ago and was supposed to end on October 15. However, Pi Network’s team has not yet unveiled its official conclusion or provided any updates since that deadline passed.
The project’s native cryptocurrency finally charted a substantial green candle on October 27, when the price shot up by double digits to almost $0.30. This happened at a time when the broader crypto market experienced a revival, but today things are much different. PI headed back south and is currently worth around $0.23 (per CoinGecko’s data), representing a 7% daily decline.
And while the hard-core fans of the asset believe a rally into uncharted territory remains possible in the future, some factors suggest a further short-term pullback is also on the table. The tokens scheduled to unlock over the next 30 days, for instance, are above 120 million. This will allow people to offload holdings they have been waiting for a long time, thereby increasing selling pressure.
 
Dimitar got interested in cryptocurrencies back in 2018 amid the prolonged bear market. His biggest passion in the field is Bitcoin and he was fascinated with its journey. With a flair for producing high-quality content, he started covering the cryptocurrency space in late 2018. His hobby is football.
Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer

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Trump media firm dives into red hot prediction markets with Crypto.com – Fortune

The company that owns the Trump family’s media properties plans to incorporate prediction markets into Truth Social, the social media site that President Donald Trump launched in 2022. 
On Tuesday, Trump Media & Technology Group announced it has partnered with Crypto.com to develop a new product called “Truth Predict,” which is slated to launch in the near future, according to a statement. A spokesperson for Crypto.com did not immediately respond to a request for comment about the specific timeline.
Prediction markets are exchanges where people can bet on the outcome of events. The prices of the outcomes reflect people’s forecasts, which can be more accurate than traditional forecasting methods. Truth Social users will be able to to bet on elections, inflation rate changes, sports, and commodity prices on gold and crude oil, according to the statement. 
The announcement comes at a time when enthusiasm for prediction markets has reached a fever pitch. In early October, the parent company of the New York Stock Exchange invested $2 billion in Polymarket, one of the marquee prediction markets. Meanwhile, a growing list of other companies like Robinhood are jumping into the sector.
Prediction markets are currently dominated by Polymarket and its rival Kalshi, which became household names during last year’s presidential election campaign. During that time, millions of people bet more than $3 billion on the outcome of the election. Fast forward a year later, Polymarket is valued at $9 billion and Kalshi is valued at about $5 billion. 

The recent hype around prediction markets has been driven in part by sports betting, which has led Kalshi and Polymarket to challenge the likes of DraftKings. It’s unclear for now if sports will be a focus of prediction markets on Truth Social, or if the platform will focus more on politics.
This is not the first partnership between Trump’s media arm and Crypto.com. In August, the company that owns the Trump family’s media properties raised more than $6 billion to acquire a supply of the digital token Cronos, which is issued by Crypto.com. That deal also involved Trump Media adding the crypto exchange’s token and crypto wallet to its platforms. 
Trump Media touts the effort as a way to make prediction markets more accessible to everyday Americans. 
“For too long, global elites have closely controlled these markets – with Truth Predict, we’re democratizing information and empowering everyday Americans to harness the wisdom of the crowd,” said Devin Nunes, Chairman and CEO of Trump Media, in the statement. 

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Five Early Tips For Navigating The At-Home GMAT – Poets&Quants

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XRP Price Forecast XRP-USD Trading at $2.66 Targets $3; $400M XRP ETF Inflows – TradingNEWS

Ripple (XRP-USD) is trading at $2.66, rising 0.87% on the day as institutional demand accelerates following the massive success of the XRPI and XRPR ETFs. These two funds have jointly attracted over $400 million in inflows within weeks, mirroring the explosive debut of the early Bitcoin ETFs. This influx marks the most substantial regulated exposure XRP has ever seen, transforming its liquidity structure. The funds—launched by Teucrium—offer investors a compliant way to gain XRP exposure without direct custody, deepening liquidity across global markets. With intraday ranges between $2.64 and $2.72, the price movement reflects steady accumulation, positioning XRP as one of 2025’s most institutionally supported digital assets.
Evernorth’s $1 billion acquisition of XRP has redefined institutional sentiment around the asset. Preparing for its Nasdaq IPO, Evernorth integrated XRP into its treasury portfolio, signaling strong confidence in Ripple’s On-Demand Liquidity (ODL) system. That system already processes over $35 billion annually, and the company’s participation could elevate throughput above $50 billion next year. This strategic purchase positions XRP as a liquidity instrument for corporates—no longer just a remittance token but a programmable global settlement layer. The transaction also validates XRP’s cost efficiency and regulatory reliability, with large institutions now aligning treasury management with tokenized liquidity systems.
The U.S. court ruling affirming that secondary XRP sales are not securities has permanently changed its market structure. This judgment removed a multi-year overhang that limited participation by U.S. funds. Since the ruling, XRP’s daily trading volume has surged more than 60% month-over-month, and multiple exchanges have reinstated trading pairs. Ripple CEO Brad Garlinghouse stated that the decision “legitimized XRP’s standing alongside Bitcoin and Ethereum.” Institutional access has broadened, with liquidity on U.S. platforms nearly doubling since the verdict. The ruling also reignited Ripple’s global banking initiatives, particularly in Japan, Singapore, and Brazil, where central banks are exploring settlement pilot programs using XRP.
The introduction of XRPI (institutional-focused) and XRPR (retail-focused) ETFs has reshaped XRP’s price base. The XRPI fund accumulated more than $220 million in its first 10 trading days, while XRPR gathered another $180 million. This dual inflow created deep liquidity bands between $2.50 and $2.60, providing the strongest price foundation since early 2022. The rise in open interest across derivatives markets—up 35% month-to-month—indicates sustained institutional engagement. Analysts expect ETF-driven inflows to remain steady, with XRP’s next resistance level at $3.00, a psychological and technical barrier dating back to the previous market cycle.
XRP’s technical profile continues to strengthen. The token is trending inside a rising channel established since August, supported by the 50-day moving average near $2.50 and a bullish crossover above the 200-day line at $2.35. Current resistance lies between $2.93 and $3.05, a zone that aligns with historical selling pressure from the 2021 high. The Relative Strength Index (RSI) is stable around 67, showing bullish momentum without entering overbought territory. On-chain accumulation data confirms institutional wallets are expanding holdings, with addresses over 10 million XRP growing 9.3% in October. Sustained volume above $2.90 could trigger a rally toward $3.30–$3.50 by year-end.
The macro backdrop continues to support crypto asset appreciation. With the Federal Reserve signaling a 25-basis-point rate cut in December and the U.S. Dollar Index (DXY) falling below 102.5, risk appetite has returned. Historically, XRP performs strongly during liquidity expansions, particularly as financial institutions allocate toward tokenized payment assets. The improving macro environment parallels a surge in AI-driven equities—particularly Nvidia (NASDAQ:NVDA), which hit $195.30 recently—creating a feedback loop between technology optimism and blockchain adoption. The convergence of AI, data processing, and cross-border payment networks has solidified XRP’s position as a prime liquidity asset in an expanding digital economy.
Ripple’s latest system upgrades introduce AI-powered predictive modeling for liquidity routing and transaction optimization within its ODL framework. These tools dynamically assess payment corridor demand, improving capital efficiency and settlement precision. This innovation aligns Ripple with global AI adoption trends led by Nvidia, enabling synergy between blockchain execution layers and advanced data modeling. The firm’s technical direction is increasingly oriented toward combining AI-based risk modeling with distributed finance architecture, transforming how financial institutions settle large-scale transactions. 
Nvidia’s leadership in AI computation directly benefits from Ripple’s expansion into intelligent payment systems. As Ripple integrates AI-driven processing into its financial network, demand for high-performance GPU infrastructure rises—a domain Nvidia dominates. NVDA’s valuation at $4.74 trillion underscores its position as the foundational layer of global AI infrastructure. The linkage between decentralized finance data flow and GPU computation gives Nvidia secondary exposure to blockchain scalability trends. With NVDA trading near $195.30, analysts forecast a medium-term move toward $220–$230, supported by its cross-sector penetration into both enterprise AI and financial technology.
Beyond its role in remittances, Ripple’s ecosystem has matured into a multi-layered financial technology framework. The XRP Ledger (XRPL) now powers tokenized asset issuance, decentralized liquidity solutions, and CBDC pilots across 40+ countries. In Europe and Asia, central banks are using XRP Ledger-based systems to test real-time settlements for interbank transactions. These integrations expand XRP’s utility base, reinforcing its fundamental valuation metrics. Additionally, Ripple’s move into sustainability-linked blockchain infrastructure aligns it with ESG mandates, making it attractive for institutional portfolios seeking regulatory compliance and environmental efficiency.
Ripple (XRP-USD) maintains a Buy rating, supported by surging ETF inflows, expanding institutional adoption, and a favorable macro landscape. With price support at $2.50 and technical upside potential toward $3.30–$3.50, the medium-term trajectory remains bullish. The legal clarity and global regulatory acceptance enhance the investment case, while on-chain data confirms long-term accumulation. For Nvidia (NASDAQ:NVDA), the outlook is Hold to Bullish, as AI integration into financial systems indirectly drives continued demand for its hardware infrastructure. Together, Ripple and Nvidia represent the intersection of financial tokenization and artificial intelligence—two forces redefining global capital flow dynamics heading into 2026.
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