Overview

• Pi Network led a $20 million funding round for AI robotics startup OpenMind alongside investors such as Coinbase Ventures and Sequoia China.
• On August 1 the team unveiled a voluntary token lockup program allowing Pioneers to lock up to 200% of their migrated balance in exchange for higher mining rewards.
• Between August 4 and 5 the network rolled out one-tap passkey authentication to enhance wallet security and address growing concerns over hacks.
• PI’s price has slumped to roughly $0.34–$0.36, its weakest level since launch, raising fresh doubts about liquidity on tier-1 exchanges.
• Analysts say Pi’s shared use of the Stellar Consensus Protocol could yield gains from Stellar’s Protocol 23 upgrade but warn that broader exchange listings may be needed to sustain a recovery.