Binance News: Pi Network Faces Challenges with Migration, KYC, and Binance Refusal to List Token

In a week marked by significant events in the crypto market, Pi Network has faced a series of challenges that have impacted its price and performance. Here’s a summary of the key developments related to Pi Network and Binance.

Pi Coin Price Prediction: Can Pi Network Hit $2 Despite Binance Blow?

The crypto market had a busy week with major events, including FOMC decisions and the resolution of the XRP lawsuit. However, Pi Network faced challenges with its migration and KYC process, leading to user issues and a significant price drop. Pi was the worst performer among the top 100 cryptocurrencies, and a major blow came when Binance refused to list the token.

Crypto Airdrops Are Broken: Binance Report Highlights Key Issues

Airdrops have become a popular method for token distribution in the cryptocurrency industry, but they are not without issues, according to a Binance Research report. The report identifies two types of airdrops: Retroactive and Engagement. The report evaluates crypto community reactions to recent airdrops using sentiment analysis and identifies common mistakes such as last-minute changes and unclear eligibility that have damaged trust in airdrops.