Pi Network Eyes Coinbase-Style Multi-Crypto Wallet Expansion, Tests New Integrations

In a significant development for the Pi Network ecosystem, founder Nicolas Kokkalis has signaled plans to expand the Pi Wallet's functionality to support multiple cryptocurrencies, similar to industry leaders like Coinbase Wallet. As of July 2025, the network is actively conducting test transactions with various digital assets, indicating preparatory moves toward broader exchange integrations. This strategic expansion comes alongside recent improvements to fiat-to-PI conversion processes, positioning Pi Network for potential mainstream adoption. The move could dramatically enhance Pi's utility and interoperability within the cryptocurrency landscape, potentially opening new avenues for users to manage diverse digital assets within the Pi ecosystem. While specific timelines for implementation remain undisclosed, these developments suggest Pi Network's ambition to compete with established multi-currency wallet providers in the near future.

Pi Network Founder Signals Expansion of Wallet Support to Additional Cryptocurrencies

Pi Network founder Nicolas Kokkalis has hinted at potential integration of multiple cryptocurrencies into the Pi Wallet ecosystem, mirroring the functionality of established platforms like Coinbase Wallet. The network is currently conducting test transactions with various digital assets, suggesting preparatory steps for broader exchange integrations.

Recent developments include streamlined fiat-to-PI Coin conversions, indicating a push toward mainstream accessibility. While Kokkalis hasn't disclosed specific assets under consideration, the MOVE aligns with the network's strategy to position itself as a multi-chain gateway in the decentralized finance landscape.

$23 Billion in Ethereum Lost, Burned, or Locked Due to Errors and Protocol Changes

Coinbase Head of Product Conor Grogan has revealed that at least 913,111 ethereum (ETH), worth $3.43 billion, has been permanently lost due to user errors and contract bugs. The losses stem from a combination of technical vulnerabilities and protocol upgrades, including the EIP-1559 burn mechanism.

The 2017 Parity Multisig library bug remains the single largest incident, locking 513,746 ETH ($1.93 billion) across 178 wallets. An anonymous exploit triggered the irreversible loss, affecting major stakeholders like the Web3 Foundation, which had 306,000 ETH trapped in the compromised contracts.

When accounting for both accidental losses and intentional burns under EIP-1559, over 5% of all ETH ever created—worth $23.42 billion—has been permanently removed from circulation. The EIP-1559 upgrade alone has burned 5.3 million ETH since its implementation.