📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
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📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
#PI# The latest news and developments regarding Pi Network as of June 3, 2025:
Mainnet progress: The Pi core team confirms that the mainnet will officially launch in Q3 2025, likely in July. As of June, most core components, such as wallet upgrades, validation framework, and Pi integration, are either operational or in the final testing phase.
Ecosystem Development: Pi Network has launched a $100 million venture capital fund to support the development of decentralized applications in the fields of financial technology, gaming, e-commerce, and artificial intelligence. Some ecosystem applications, such as Pi Chain Mall and Forum Heating, are now compatible with the mainnet.
KYC process: The KYC process has been significantly improved thanks to AI-assisted verification, shortening response times and reducing bottlenecks, allowing more users to unlock Pi to participate in mainnet activities.
Price Action: The price of Pi has faced significant downward pressure recently, dropping over 75% from its peak in February of nearly $3 and is currently trading around $0.68, fluctuating in the range from $0.688 to $0.816. Technical indicators are showing a bearish outlook with all major moving averages above the current price and the RSI at 43.6, which is neutral, with both the MACD momentum indicator and Chander indicating negative momentum. There will be 263 million Pi unlocked in June, which could further dilute the value of Pi and increase the downside risk.