Binance News: Pi Network Faces Refusal from Binance Due to Transparency and Structure Concerns

In a significant blow to the Pi Network cryptocurrency project, Binance has announced that it will not list the digital asset on its exchange platform. The refusal highlights concerns related to the project’s transparency and current structure, as well as its ongoing operation on a testnet rather than a mainnet.

Pi Network Delisted By Binance: A Hard Blow For Crypto?

In the ruthless world of crypto, being listed on a platform like Binance can propel a project to success. However, Pi Network is facing a categorical refusal from the exchange giant, raising questions about its transparency and viability. Binance has officially announced that it will not list Pi Network due to concerns related to transparency and the current structure of the project. The network is still operating on a testnet and has not yet launched its public mainnet, which prevents users from freely transferring their tokens out of the internal ecosystem. This decision triggers doubts about the future of the project and informs about the growing demands of platforms regarding new cryptos.

YZi Labs Expands AI Investment, Taps New General Partner

YZi Labs (formerly Binance Labs) has appointed Jane He as General Partner to lead its investments in biotechnology, marking a strategic expansion beyond its traditional Web3 focus. The move follows the firm’s recent rebranding and reflects a growing emphasis on artificial intelligence and biotech. Jane He, an experienced investor with a background in biotech and medtech, will focus on disruptive innovations in these sectors, including cancer therapies, gene editing, metabolic treatments, and AI-driven biotech solutions. Before joining YZi Labs, He served as an investor and COO at a Hong Kong-based hedge fund, and had leadership roles at PAAMCO Prisma.