The post Pi Coin Price Gains As 10 Million Tokens Exit Exchanges appeared on BitcoinEthereumNews.com. Pi Coin (PI) has recorded a modest price increase over the past 24 hours as selling pressure continues to subside. Recent data indicates that nearly 10 million PI were withdrawn from exchanges in October. The shift comes amid Pi Network’s latest authentication update, a key milestone aimed at enhancing user verification and ecosystem security. The rollout appears to have strengthened community confidence, driving a notable outflow of tokens from exchanges. Sponsored Sponsored What’s Behind Pi Coin’s Price Recovery? BeInCrypto Markets data showed that over the past 24 hours, the mobile-mined cryptocurrency has seen a 0.91% uptick in value. At press time, it was trading at $0.20. Pi Coin Price Performance. Source: BeInCrypto Markets While the broader trend for PI still remains bearish, the latest uptick highlights that the altcoin is gaining modest momentum. But what’s behind this rise? Well, PiScan data showed that over 2.6 million Pi Coins have left exchanges over the past 24 hours. Overall, in October, users withdrew nearly 10 million tokens from exchanges. As a result, centralized exchange supply dropped to 410 million, down from 420 million in September, according to BeInCrypto’s September analysis. PI Exchange Reserves. Source: Data Curated by BeInCrypto Sponsored Sponsored When coins move off exchanges, it generally means holders don’t intend to sell soon. Traders and investors usually withdraw to hold long-term, indicating rising confidence in the asset’s future price. The change in sentiment is not without reason. It comes amid a resolution of verification challenges, leading to renewed optimism. KYC Breakthrough Boosts Confidence In The Pi Network After repeated complaints from users, Pi Network took a major step forward in its compliance infrastructure. The project launched a new automated system process designed to review and finalize tentative Know Your Customer (KYC) cases. In its latest blog post, the team announced that… The post Pi Coin Price Gains As 10 Million Tokens Exit Exchanges appeared on BitcoinEthereumNews.com. Pi Coin (PI) has recorded a modest price increase over the past 24 hours as selling pressure continues to subside. Recent data indicates that nearly 10 million PI were withdrawn from exchanges in October. The shift comes amid Pi Network’s latest authentication update, a key milestone aimed at enhancing user verification and ecosystem security. The rollout appears to have strengthened community confidence, driving a notable outflow of tokens from exchanges. Sponsored Sponsored What’s Behind Pi Coin’s Price Recovery? BeInCrypto Markets data showed that over the past 24 hours, the mobile-mined cryptocurrency has seen a 0.91% uptick in value. At press time, it was trading at $0.20. Pi Coin Price Performance. Source: BeInCrypto Markets While the broader trend for PI still remains bearish, the latest uptick highlights that the altcoin is gaining modest momentum. But what’s behind this rise? Well, PiScan data showed that over 2.6 million Pi Coins have left exchanges over the past 24 hours. Overall, in October, users withdrew nearly 10 million tokens from exchanges. As a result, centralized exchange supply dropped to 410 million, down from 420 million in September, according to BeInCrypto’s September analysis. PI Exchange Reserves. Source: Data Curated by BeInCrypto Sponsored Sponsored When coins move off exchanges, it generally means holders don’t intend to sell soon. Traders and investors usually withdraw to hold long-term, indicating rising confidence in the asset’s future price. The change in sentiment is not without reason. It comes amid a resolution of verification challenges, leading to renewed optimism. KYC Breakthrough Boosts Confidence In The Pi Network After repeated complaints from users, Pi Network took a major step forward in its compliance infrastructure. The project launched a new automated system process designed to review and finalize tentative Know Your Customer (KYC) cases. In its latest blog post, the team announced that…

                                                                               Smaller Bitcoin miners surge in hashrate and debt as competition intensifies post-halving, reshaping the industry’s balance of power.                     The Bitcoin mining industry is becoming increasingly competitive, with so-called tier-2 operators closing the gap on established leaders in realized hashrate — a sign of a more level playing field following the 2024 halving.According to The Miner Mag, companies such as Cipher Mining, Bitdeer and HIVE Digital have rapidly expanded their realized hashrate after several years of infrastructure growth, narrowing the distance to top players like MARA Holdings, CleanSpark and Cango.“Their ascent highlights how the middle tier of public miners — once trailing far behind — has rapidly scaled production since the 2024 halving,” The Miner Mag wrote in its latest Miner Weekly newsletter. Read more