
Permanent link to this press release:
Fan, who co-founded the project with Nicolas Kokkalis and Vincent McPhillip, is set to speak at the event on Oct. 1–2, a Pi Network blog post announced.
“During this engagement, she will focus on crypto and blockchain as mechanisms for real societal utility and impact, analyzing current Web3 challenges and potential solutions for pushing the crypto space for more innovations in real-world utility.”
Since the platform’s launch, Fan has played a key role in leading product development while Kokkalis has served as chief technology officer. McPhillip, who handled community engagement, left Pi Network in February 2021 due to differences in vision.
Chengdiao Fan, co-founder of Pi Network. Photo from Pi Network
While Kokkalis has made occasional public appearances, Fan has not been publicly visible as the project’s co-founder, and her X account, linked to Pi Network’s website, remains inactive.
TOKEN2049 will mark a rare appearance for Fan, with Pi Network also listed as an event sponsor. The conference is expected to attract more than 25,000 attendees, including over 300 speakers and 500 exhibitors, ranging from industry founders and CEOs to investors, developers and policymakers.
Fan’s appearance could be seen as a positive sign for the Pi Network, but industry outlet CCN noted that Kokkalis’s previous media appearances had yielded limited progress for the project.
The market response has been lukewarm, with Pi’s token price edging up from US$0.34 to $0.36 following confirmation of Fan’s participation. It has lost nearly 90% of its value from a peak of $3 earlier this year.
Launched in 2019 Pi Network promoted itself as a way for users to mine the crypto for free by tapping a button in its mobile app daily. Vietnam is among the countries with the most miners. The project has been controversial, taking nearly six years to launch its mainnet before finally allowing users to transfer Pi to exchanges for trading on Feb. 20 this year.
But the project is still viewed as an incomplete blockchain initiative, lacking smart contract functionality and open-source transparency. To date the development team has only introduced limited updates, including a domain name auction feature, the PiFest shopping campaign and a few small-scale applications.
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Pi Network (PI) price is currently holding above $0.3500 level at press time on Tuesday, struggling to enforce a channel breakout rally. The technical outlook indicates that the PI token is standing at a crucial crossroads as the market sentiment ahead of the US Federal Open Market Committee (FOMC) meeting, which will decide on interest rate cuts on Wednesday, remains muted.
Bitcoin is holding steady above 115k as the mood turns cautious ahead of the Federal Reserve interest rate decision tomorrow. Other major cryptocurrencies such as Ethereum, Solana, and XRP are also unchanged on the day. However, there are pockets of strength with Avalanche and Polkadot rising 2%. The total cryptocurrency market capitalization has risen 0.3% over the past 24 hours to $4.01 trillion.
The Ethereum Foundation has established a new Artificial Intelligence (AI) team, whose mission is to build the network as the preferred settlement and coordination layer for the emerging sector.
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Avalanche (AVAX) price edges lower by 1% at press time on Tuesday, extending the struggle near the $30 mark. Bitwise is preparing to launch for the AVAX Exchange Traded Fund (ETF) with the S-1 form filed with the US Securities and Exchange Commission (SEC), tilting the scales bullish.
Cardano (ADA) price hovers around $0.85 at the time of writing on Tuesday, having declined by over 7% in the last two days. This correction comes amid ADA holders realizing profits, thereby increasing selling pressure.
Pump.fun (PUMP), Aerodrome Finance (AERO), and World Liberty Financial (WLFI) are the top performers in the cryptocurrency market over the 24 hours as the market remains turbulent ahead of the US Consumer Price Index (CPI).
REX Shares is preparing to launch an exchange-traded fund (ETF) designed to track the spot price of XRP, which it claims will be the first spot XRP product available in the US.
Bitcoin steadies around $115,000 at the time of writing on Friday, having recovered nearly 4%. This recovery is further fueled by strong institutional inflows and renewed corporate accumulation this week.
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Lucky Michigan man hits on big Club Keno win Huron Daily Tribune
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by Skyler Shepard
FILE – The Florida Lottery announced on Tuesday that a Quick Pick ticket turned into a $50,915 jackpot for one unsuspecting player in Jupiter, proving that sometimes, luck really does strike when you least expect it. (Florida Lottery)
TOPICS:
JUPITER, Fla. (CBS12) — Someone in Jupiter is walking around with a winning lottery ticket in their pocket.
The Florida Lottery announced on Tuesday that a Quick Pick ticket turned into a $50,915 jackpot for one unsuspecting player in Jupiter, proving that sometimes, luck really does strike when you least expect it.
Lottery officials said the winning ticket came from the Fantasy 5 midday draw on September 15. The winning numbers — 2, 3, 14, 15, and 28 — matched a single ticket, earning the holder a prize of $50,915.64.
See also: Invest 92L likely to become a tropical depression or storm
The ticket was bought at the 7-Eleven #34824 at 3950 E Indian Town Road. Florida Lottery officials confirmed that this was the only winning ticket for the midday draw, making the Jupiter player the sole jackpot recipient.
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