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Can Pi Network’s Dual-Price System Really Work? An In-Depth Look at GCV vs Exchange Prices
As the Pi Network continues to evolve, an important question is surfacing among Pioneers and crypto enthusiasts alike: Can a dual-price system for Pi Coin actually work one price inside the Pi ecosystem (e.g., $314,159) and another price on exchanges (e.g., $0.63)?
It might sound impossible at first, but when examined closely, this system may not only be functional it might be strategic. Here’s how and why.
🔍 Understanding the Dual-Price System
At the heart of the current debate is the Global Consensus Value (GCV) a community-driven valuation for Pi Coin pegged at $314,159 per 𝛑, inspired by Pi’s mathematical identity. Simultaneously, early IOU trading and listings on crypto exchanges reflect a much lower market price (currently hovering around $0.63).
This creates a dual economy:
Ecosystem Use. Exchange Use
Pi Network apps, External crypto smart contracts, trading platforms and marketplaces. Price: ~$0.63 per 𝛑 (market-driven) Price: $314,159 per 𝛑 (GCV)
🔄 How It Works in Practice
1. Separate Use Cases •Inside the Pi Ecosystem, Pi is treated as a high-value currency. Apps, goods, and services price in GCV. •On Exchanges, Pi is just another altcoin, traded on speculation and open-market rules.
2. Tiered Coin Flow •Movement between the ecosystem and exchanges is restricted or controlled, preventing direct 1:1 conversion between low-market Pi and high-value ecosystem Pi. •This is reinforced through wallet lock-ups, KYC-based controls, and manual or smart-contract-mediated bridges. - By MrSpock on X Platform
Mbappe Hospitalised with Gastroenteritis in the US
Real Madrid have confirmed that Kylian Mbappe has been hospitalised in the United States with a severe stomach bug. The French forward is undergoing tests and treatment for acute gastroenteritis.
Mbappe missed Madrid’s Club World Cup opener — a 1-1 draw against Al-Hilal — and is now a doubt for their next match against Pachuca on June 22 in Charlotte.
Vaulta’s transition from the EOS network reached a major milestone when the official token swap occurred on May 14, marking the introduction of $A as the network’s new native token. EOS holders were invited to swap their tokens via the Vaulta Swap Portal, hosted on Unicove.
Background and Onboarding Process A multisignature proposal submitted on May 7 initiated the deployment of the Vaulta token contract and established $A as the official ticker. This multisig was executed on May 14, making the Swap Portal live. In the days that followed, exchanges began listing $A and delisting $EOS, though timelines varied.
Crypto cycle is playing out ‘spookily similar’ to 2017: Raoul Pal
The current crypto market is mirroring the pattern seen in 2017 when Bitcoin posted a steady uptrend throughout the year before skyrocketing in December, says crypto research platform Real Vision CEO Raoul Pal.
“It’s spookily similar to 2017,” Pal said in a video on Thursday. Pal said he is starting to forecast a longer crypto cycle this time around given that the business cycle score — a macroeconomic model he uses to track where the global economy is in the broader cycle — is “still below 50” and it generally “takes a while to climb up.”
Macro data the catalyst behind extended crypto cycle
Bitcoin
BTC
$103,537
started 2017 trading around $1,044 before reaching $2,187 by May 31 and closing the year at $14,156, an approximate 1,255% increase from its price at the beginning of the year, according to CoinMarketCap data.
However, Pal speculated that the weakening US dollar could indicate that the current crypto cycle is still far from reaching its peak.
Nakamoto Holdings secures $51.5M to expand Bitcoin treasury strategy
Bitcoin holding company Nakamoto Holdings, founded by US President Donald Trump’s crypto adviser, David Bailey, has secured $51.5 million in fresh capital through a private placement in public equity (PIPE) deal, according to a statement from merger partner KindlyMD.
Bailey said that the new funds were raised in less than 72 hours, reflecting growing investor appetite for Nakamoto’s Bitcoin
BTC
$103,525
accumulation strategy.
“Investor demand for Nakamoto is incredibly strong,” Bailey said. “We continue to execute our strategy to raise as much capital as possible to acquire as much Bitcoin as possible.”
The financing, priced at $5.00 per share, brings KindlyMD’s total funding to approximately $563 million, and $763 million including convertible notes.
Iran-Israel Conflict Escalates, Significantly Impacting the Crypto Market
On June 19, the Middle East plunged into turmoil as Iran and Israel continued to bomb each other, resulting in hundreds of civilian casualties and pushing the region to the brink of full-scale war. The situation intensified when U.S. President Donald Trump hinted at the possibility of military intervention, stating, “I may act, or I may not.” Meanwhile, Iran’s Supreme Leader Ali Khamenei responded firmly, warning that the U.S. would face “unimaginable consequences” if it intervened in the conflict.
For the first time in decades, Iran launched missiles directly at Israel, killing more than 20 civilians. Israel retaliated strongly, claiming to have destroyed Iran’s nuclear facilities and ballistic weapon stockpiles, while intercepting multiple UAVs from the adversary. Prime Minister Benjamin Netanyahu asserted, “We will gradually eliminate the threat from Iran.”
Chaos engulfed Tehran as thousands of residents fled the city. Amid this backdrop, nuclear negotiations between Iran and Europe were scheduled to take place today (June 20) in Switzerland, but the prospects for reconciliation remain extremely fragile. Experts warn that if the U.S. officially enters the conflict, the violence could spiral out of regional control, leading to global repercussions similar to previous Gulf wars.
Crypto Market Shakes Amid Crisis
The geopolitical tensions in the Middle East threaten to cause significant volatility in the cryptocurrency market. Investors are inclined to shift toward safe-haven assets like gold and stablecoins, while Bitcoin and altcoins face the risk of being sold off to realize profits or cut losses.
$BTC USDT/BTC pair shows a mixed picture, suggesting a period of uncertainty and potential for movement in either direction. Current Price & Volatility: As of Saturday, June 21, 2025, Bitcoin is trading around $103,000 - $104,000 against USDT. It has seen some fluctuations in the last 24 hours, with a high of approximately $106,524 and a low of $102,345. Overall, the price has been experiencing a slight decline over the past 24 hours, week, and month. Key Technical Indicators: * RSI (Relative Strength Index): Some analyses indicate that the RSI is showing signs of "sell saturation," which could hint at a potential near-term upward rebound. However, other reports place the RSI within the neutral zone (30-70), suggesting no immediate bullish or bearish divergence. * MACD (Moving Average Convergence Divergence): The MACD shows a negative crossover, which typically reflects continued selling pressure in the short term. * Moving Averages (MA60): The MA60 (60-period moving average) is inclined to decline, indicating weakness in the upward trend. Other moving averages (like 10-period and 20-period EMAs and SMAs) are generally showing sell signals. * Support and Resistance: * Current Support: Around $102,345 and the psychological level of $100,000. * Next Resistance: $106,000 and then $107,200. Market Sentiment and Outlook: * Mixed Signals: Traders and analysts are divided on Bitcoin's next move. Some anticipate a potential fall to $100,000 if selling pressure continues, while others suggest a recovery could begin if Bitcoin holds above the $102,000-$103,000 zone. * Transitional Phase: One analyst suggests Bitcoin is in a "transitional phase" rather than an "exhaustion phase," leaving the door open for further upside if buyer confidence returns. * Volatility: Bitcoin's volatility has increased, but the price remains largely stuck within the broader $100,000 to $111,980 range. Overall Summary:
#USNationalDebt The U.S. national debt currently stands at over $36.2 trillion, representing the total accumulated borrowing by the federal government. This figure is approximately 122% of the country's Gross Domestic Product (GDP) and is growing by about $1 trillion every three months. The debt arises from persistent budget deficits, where government spending exceeds revenue. Major contributing factors include increased spending on social programs, defense, responses to economic crises like the 2008 recession and COVID-19, and tax cuts. A significant portion of the debt is held domestically by individuals, private entities, and government agencies, while foreign investors also hold a substantial share. The rising debt raises concerns about higher interest payments, potential crowding out of private investment, and long-term economic stability.
US crypto ETF approval odds surge to ‘90% or higher’ — Bloomberg analysts
The likelihood of US regulators approving a wave of crypto exchange-traded funds (ETFs) is now a near certainty, signaling a continued pro-crypto shift at the Securities and Exchange Commission (SEC), according to Bloomberg analysts Erich Balchunas and James Seyffart.
In a social media post on Friday, Seffart said he and Balchunas have raised their odds for the vast majority of crypto ETF approvals to “90% or higher,” citing “very positive” engagement from the SEC.
The analysts also suggested that the SEC “likely” views cryptocurrencies such as Litecoin LTC $83.96, Solana SOL $140.38, XRP XRP $2.13, and Dogecoin DOGE $0.1631 as commodities — a designation that would place them outside of its immediate jurisdiction.
Thai SEC opens consultation period for token issuance rules
Thailand’s Securities and Exchange Commission (SEC) has opened a period of consultation for feedback on rules that would allow exchanges or individuals connected to an exchange to issue utility tokens, according to a Friday statement.
Under the proposed rules, exchanges would have to disclose the names of anyone associated with the token issuers, which would assist the SEC in monitoring for signs of insider trading. The plan is part of Thailand’s efforts to establish a regulatory framework for the crypto industry.
The country announced in May plans to allow tourists to spend crypto via credit cards, just a few days before blocking crypto exchanges OKX and Bybit in the country over concerns about unlicensed operations and money laundering. A month later, it announced a waiver on capital gains tax on crypto sales made through licensed crypto service providers. - Cointelegragh
CoinMarketCap has 'identified and removed' malicious wallet scam
CoinMarketCap, a price-tracking website for cryptocurrencies, has reportedly removed a malicious popup notification on its website prompting users to verify their cryptocurrency wallets, according to a post on its official X account.
“We’ve identified and removed the malicious code from our site,” CoinMarketCap said in a post on Friday.
CoinMarketCap has not finished investigating the issue
“Our team is continuing to investigate and taking steps to strengthen our security,” it added.
The update came less than three hours after CoinMarketCap publicly addressed the malicious notification amid multiple reports spreading on social media.
“We’re aware that a malicious popup prompting users to “Verify Wallet” has appeared on our site,” CoinMarketCap said at the time.
Many crypto users on X said the malicious popup appeared to be a phishing scam, a crypto scam that involves tricking victims into giving up their private keys or personal information. Hackers often hijack trusted accounts or create fake ones to post phishing links that appear to be legitimate. - Cointelegragh
#SwingTradingStrategy SwingTradingStrategy focuses on capturing short to medium-term price movements ("swings") in financial markets, typically holding positions for a few days to several weeks. Unlike day traders who close positions daily, swing traders aim for larger price shifts within a broader trend. Common strategies involve identifying key support and resistance levels, using technical indicators like moving averages (MA), Relative Strength Index (RSI), and Moving Average Convergence Divergence (MACD) to spot entry and exit points. Breakout and retracement strategies are also popular, where traders enter positions when prices break out of a range or temporarily pull back within a trend. Risk management, including stop-loss orders, is crucial for mitigating potential losses in this dynamic trading style.
#XSuperApp XSuperApp refers to Elon Musk's ambitious vision to transform the platform X (formerly Twitter) into an "everything app," akin to China's WeChat. This goes beyond traditional social media, aiming to integrate a vast array of services under one roof. Key features planned include financial services like payments, investment, and trading, potentially with an X Money wallet and even branded debit/credit cards through partnerships (e.g., Visa). The goal is to create a seamless digital ecosystem where users can handle social interactions, financial transactions, e-commerce, and more, all within a single application. This move aims to diversify X's revenue streams and increase user engagement by becoming an indispensable part of daily digital life.