OKX Bolsters Pi Network Liquidity with Strategic PI/USDC Trading Pair Launch

In a significant move to support Pi Network amidst challenging market conditions, OKX has introduced a PI/USDC trading pair, providing traders with stablecoin-based liquidity options. This strategic development comes as Pi Network faces an 83% decline in trading volume from March to July 2025, dropping from $18 billion to $2.4 billion, while exchange reserves continue to grow. The new pairing leverages USDC's stability to offer market participants more reliable entry and exit points during Pi's price volatility. This initiative demonstrates OKX's commitment to supporting emerging digital assets through innovative liquidity solutions, potentially helping to stabilize Pi Network's trading ecosystem. The timing is particularly crucial as the cryptocurrency market seeks stability mechanisms amid broader market fluctuations, making USDC-based pairs increasingly valuable for risk management and trading efficiency.

OKX Introduces PI/USDC Trading Pair to Enhance Pi Network Liquidity

OKX has launched a PI/USDC trading pair in a strategic MOVE to bolster liquidity for Pi Network, which has faced significant market challenges. The new pair provides traders with a stablecoin-based entry and exit point, leveraging USDC's reliability amid Pi's volatile price action.

Pi Network's trading volume has collapsed 83% from $18 billion in March 2025 to $2.4 billion by July, while exchange reserves continue growing—indicating mounting sell pressure. The network's recent hackathon initiative to spur dApp development has drawn mixed reactions from its community.

This liquidity intervention comes at a critical juncture for Pi Network as it struggles to maintain market relevance. The USDC pairing represents a calculated effort to stabilize trading conditions, though whether it can reverse the project's downward trajectory remains uncertain.

Ethereum Breaks Records as Market Dynamics Shift

Ethereum soared to an all-time high above $4,800 amid shifting market dynamics, triggering $769 million in liquidations across cryptocurrency markets. The rally wiped out positions for over 183,000 traders, including a single $10 million ETH trade on OKX.

Federal Reserve Chair Jerome Powell's hint at September rate cuts fueled the 15% surge, with Bitcoin climbing 4% to $113,000 in tandem. Market analysts warn Leveraged positions remain vulnerable to violent rebalancing, though forced short-covering could spark further upside.

Why Bitcoin, ETH, and XRP Prices Are Down Today

The cryptocurrency market faced another downturn as Bitcoin, Ethereum, and XRP led declines. Bitcoin dropped below $112,000, while ETH and XRP followed with significant corrections. Liquidations surged, with $837.92 million wiped out in 24 hours, including a $12.49 million single liquidation on OKX.

Whale sell-offs accelerated the slide, with 24,000 BTC ($2.7 billion) offloaded, pushing bitcoin toward key support at $110,000. A breakdown from an ascending wedge formation heightened bearish sentiment, raising fears of a drop to $101,000 if support fails.

How Low Could the OKB Price Fall After Its 450% Rise in August?

OKB stunned crypto markets in August 2025 with a 450% surge, briefly eclipsing Bitcoin and Ethereum. The rally followed OKX's dual catalysts: a hard-capped supply of 21 million tokens and OKB's new role as gas fee currency for the upgraded X Layer network.

The X Layer's "PP upgrade" deployed Polygon-based architecture handling 5,000 TPS with near-zero fees. Where OKB previously functioned as a mere exchange discount token, it now anchors OKX's blockchain infrastructure—a fundamental shift fueling speculative interest.

Supply dynamics turned seismic on August 13 when OKX incinerated 65 million OKB in a single burn event. The deliberate scarcity play mirrors Bitcoin's monetary policy, instantly reshaping market psychology around the token.

Circle Expands USDC to EEMEA Region with Mastercard and Finastra Deals

Circle has forged strategic partnerships with Mastercard and Finastra to integrate USDC into mainstream financial systems across Eastern Europe, the Middle East, and Africa. The collaboration enables USDC settlements through Mastercard's payment network and Finastra's PAYplus platform, marking a significant step toward bridging traditional finance with blockchain ecosystems.

Mastercard's move to incorporate stablecoins into its global payment infrastructure underscores the growing institutional adoption of digital assets. Circle's zero-fee USDC conversions via OKX further enhance liquidity, positioning USDC as a viable settlement method for cross-border transactions.

Jeremy Allaire, Circle's CEO, emphasized the company's focus on leveraging digital currencies to streamline global payments. The initiative reflects broader market trends where stablecoins are increasingly seen as critical infrastructure for frictionless value transfer.

OKX Launches Updated VIP Program with Reduced Entry Threshold for Traders

OKX has unveiled a revamped VIP program alongside two promotional campaigns designed to attract traders by offering temporary VIP status. The initiative, running from August 22 to September 21, 2025, lowers the entry barrier by 70% for participants who meet specific trading volume or deposit requirements.

The VIP status grants access to reduced trading fees, automated investment tools like 'Auto-Investment,' and exclusive products such as BTC Yield for daily bitcoin rewards. Traders also benefit from enhanced APR on 'Double Investments' and priority customer support.

New users can test the VIP perks by completing designated tasks during the promotional period. The move underscores OKX's push to incentivize trading activity and broaden access to premium features.