Turkey’s regulatory push comes as global authorities intensify efforts to establish comprehensive crypto frameworks. Governments worldwide are working to strike a balance between fostering innovation and mitigating risks associated with digital assets.
Speculation regarding PI’s listing on Binance has been a significant driver of investor enthusiasm. A Binance listing is often seen as a major milestone for any cryptocurrency, as it enhances liquidity and exposure to a broader investor base.
Bybit co-founder and CEO Ben Zhou recently made controversial statements, likening Pi Network to a Ponzi scheme and calling it "more dangerous than meme coins."
The downturn coincided with a weak start for U.S. equity markets. The Nasdaq opened the week with a sharp 3% drop, while the S&P 500 declined by 2%, reflecting growing concerns over macroeconomic instability.
