Crypto Market Brief: Pi Network, Ark Invest, and Terraform Labs in the News
Pi Coin Rallies on CiDi Games Partnership
Pi Coin is approaching a key resistance level as bullish momentum builds following a new partnership between Pi Network and CiDi Games. A successful breakout above this level could clear the way for a potential 15% price increase.
Ark Invest Acquires $16.5 Million in Coinbase Stock
Cathie Wood’s Ark Invest has signaled confidence in a potential crypto market rally by purchasing 62,166 shares of Coinbase (COIN) stock for $16.5 million. This transaction represents the firm’s most significant acquisition of COIN stock since August.
Terraform Founder Do Kwon Requests Five-Year Sentence
Do Kwon, the founder of Terraform Labs, has asked a United States judge to cap his potential prison term at five years. The request was made in consideration of a separate, ongoing legal case he faces in South Korea.
Arthur Hayes Continues Token Accumulation
On-chain data reveals that prominent crypto investor Arthur Hayes has resumed a significant buying spree. Recent activity shows new inflows of ENA, ETHFI, and PENDLE tokens into his primary wallet, indicating continued accumulation.