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Offchain Labs announces strategic ARB token purchase plan Offchain Labs, the developer of the Ethereum layer-2 network Arbitrum $ARB, announced on X that it is increasing its stake in the ecosystem by acquiring ARB tokens for its treasury through a strategic purchase plan. As part of the plan, Offchain Labs will acquire ARB tokens over time through open market and other transactions, based on predefined parameters.

Pi Network has issued a final notice to users: March 14, 2025, is the definitive deadline to complete KYC verification and migrate to the mainnet. This is designed to ensure a robust and decentralized network through a conclusive migration process. Notably, this date marks the sixth anniversary of the project. Upon completion of the KYC mandate, Pi Network users – known as “pioneers” – will be able to access and use their Pi holdings on the open mainnet. This access enables external trading and real-world applications. The extension allows early adopters who missed previous deadlines to finalize their migration. Still, Pioneers who fail to complete the required steps risk losing most of their mobile balance. The exception is Pi mined in the last six months before migration. Related: Pi Network Price Plunge: What’s With the Pi Coin’s Wild Price Swings? According to the official blog post, Pi Network’s team cites “inclusivity, accessibility, and network integrity” as primary reasons for the final extension. The extra time will: Despite multiple extensions, Pi’s roadmap remains unchanged. The project maintains a clear vision to build a sustainable ecosystem driven by real users. Meanwhile, speculation is brewing that Binance could finally list Pi Network’s native token. The crypto exchange has introduced a new community-driven listing mode. This mode allows users to vote for new tokens with as little as 0.01 BNB. Related: Pi Network Price Forecast for Feb 25: Binance Listing & Scam Claims in Focus as Price Stalls at $1.57 Rumors suggest Binance’s marketing team is preparing for a major campaign surrounding Pi’s potential listing. While no official announcement has been made, sources claim that Binance and Pi Network have reached an agreement for a special event. Should this prove true, it could be the breakthrough moment Pi holders have been waiting for. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

White House AI and crypto czar David Sacks has rejected the idea of a crypto transaction tax. He voiced his opposition during a current appearance on Jason Calacanis’ All In podcast. Sacks dismissed host Jason Calacanis’ suggestion of a 0.01% tax on all crypto transactions, an idea proposed to fund a US Strategic Bitcoin reserve. Sacks opposed the idea. He stated that all taxes always start very small and then grow over time. Therefore, he called the idea burdensome. He is not alone in these thoughts as crypto investors also expressed disapproval, citing concerns that even small transaction fees could hinder widespread acceptance. Although the most recent White House Crypto Summit lacked new tax regulations, the administration has suggested future tax changes before. Notably, Donald Trump has previously advocated for the abolition of federal income tax in favor of import tariffs. Considering that the US aims to be at the forefront of digital finance, a transaction tax could hamper innovation and drive businesses to more crypto-friendly jurisdictions. By immediately rejecting such ideas, Sacks is likely to help set a tone that encourages an open and competitive crypto market. In addition, clear, supportive policies from the government can boost investor confidence. Because of Sacks’ high-ranking position, his stance offers reassurances to the crypto community. These reassurances suggest that regulatory measures won’t unnecessarily restrict innovation or liquidity in the market. Sacks’ comment came a short time after it was reported that Senator Elizabeth Warren expressed ethical concerns about the administration’s cryptocurrency regulation strategy. This was all addressed to David Sacks via letter. Warren argued that increased government involvement in blockchain boosts cryptocurrency values. This value increase potentially creates conflicts of interest for policymakers. She demanded clarity from Sacks regarding any potential personal gains from their policy decisions. While the official response from Sacks has yet to happen, his rejection of crypto transaction tax is probably a calculated move. This move is likely intended to boost market efficiency and support a competitive US digital asset environment. Whether this will turn out to be fruitful is still to be seen. However, policy decisions like these are vital. They determine the future regulatory framework. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Cardano is witnessing a price recovery as it moves higher from recent levels. The cryptocurrency has bounced, with its value climbing toward the $0.80 mark. Market activity suggests a potential retest of the $0.90 level as momentum builds. If buying pressure continues, ADA could move toward the $1 resistance area in the coming sessions. ADA has gained traction as market conditions shift. The price is currently testing resistance levels that previously acted as strong barriers. Traders are watching the $0.80 and $0.90 levels as short-term targets. A successful move above these points could set up a test of the $1 range, where selling pressure may increase. Ssebi analysis shows a price of $0.7717, reflecting a 3.43% increase. The price tested resistance near $0.90 before declining sharply. The 50-period SMA is positioned at $0.8687, indicating a downtrend. The RSI stands at 38.69, showing weak momentum. Support lies between $0.70 and $0.60, marked by orange trend lines. The volume remains moderate as the price consolidates near resistance. A failed breakout above $0.90 resulted in selling pressure. The market structure indicates lower highs and lower lows, confirming bearish sentiment. The price movement of ADA reflects renewed market interest. Volatility remains a factor, with traders responding to shifting sentiment. ADA’s recent recovery follows a period of consolidation, during which it held key support levels. Current price action suggests bullish momentum as buyers attempt to push the value higher. If ADA maintains its upward movement , further gains could be possible. A decisive break above $0.90 may open the path toward $1. However, price fluctuations remain likely, and traders are monitoring volume and resistance levels for confirmation. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Bitcoin (BTC) fell to $78,000 this Monday, losing 4% on the day, as the stock markets collapse. According to recent crypto data, the BTC/USD pair hit $79,170 on Bitstamp, continuing a downward trend that began before the weekly close. What’s next for Bitcoin? The fall of Bitcoin is part of a broader context of retreat from riskier assets, where the crypto market has just lost hundreds of millions of dollars in just a few hours. Wall Street opened in the red this Monday, with a drop of 2% for the S&P 500 and 3.5% for the Nasdaq Composite Index. The Nasdaq 100, in particular, has officially entered correction territory after losing more than 10% from its recent peaks. Furthermore, several macroeconomic trends highlight investor nervousness: In the face of these signals , Bitcoin investors seem to be betting on an imminent recession in the United States. Crypto investors are in a state of uncertainty as Bitcoin hovers below the $78,000 mark. The current volatility of the markets, coupled with the decline in stocks and worrying economic signals, fuels fears of a deeper collapse. This week is therefore expected to be decisive. Because several indicators need to be closely monitored, such as the movements of Bitcoin whales, market liquidity, or the Fed’s interest rate decisions. While some hope for a technical rebound, others fear a new wave of capitulations. As markets wobble and Bitcoin suffers, the question remains open: Is this merely a correction, or can Bitcoin still avoid a total collapse?