Pi rallies more than 30% after Kraken announces listing

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Pi rallies more than 30% after Kraken announces listing Bybit previously declined to list the mobile crypto mining platform, with CEO Ben Zhou citing warnings from Chinese police that the project is a scam. By Sam Reynolds | Edited by Omkar Godbole Mar 13, 2026, 4:51 a.m. Make us preferred on Google What to know : Pi Network’s PI token jumped about 30% during Asia’s morning trading after Kraken said it would list the cryptocurrency. The mobile-first project, which uses a phone-based trust graph instead of traditional mining, launched its externally connected mainnet in February 2025 with roughly 19 million KYC-verified users and 10 million migrated accounts. The token is already listed on OKX, Gate and Bitget, even as Bybit’s chief executive has refused to list it and labeled the project a scam, citing a 2023 warning from Chinese police. Pi Network’s PI token led the market higher on Friday, according to CoinGecko data , rising 30% during Asia's morning hours, after crypto exchange Kraken said it would list the asset. Pi Network is a mobile-first cryptocurrency project that replaces traditional proof-of-work mining with a phone-based trust graph, where users tap a mobile app daily to “mine” tokens and form identity-verified security circles that feed into a consensus system derived from the Stellar protocol. The project launched its externally connected mainnet in February 2025 after operating for years in a closed ecosystem, saying it had about 19 million KYC-verified users and roughly 10 million accounts migrated to the chain. Pi Network is currently listed on OKX, Gate, and Bitget, as well as some smaller exchanges. In February 2025 , Bybit CEO Ben Zhou publicly refused to list Pi Network’s token and called the project a scam, citing a 2023 warning from Chinese police alleging that Pi Network targeted elderly users, collected personal information, and caused some victims to lose pension savings. Bybit Kraken More For You XRP jumps 3% as breakout above $1.39 ends early-2026 downtrend By Shaurya Malwa 5 minutes ago Volume surged more than 300% during the move, per CoinDesk analytics data, with traders watching whether the token can hold the former resistance as support. What to know : XRP broke above a months-long descending trendline and the $1.39 resistance zone, with a surge in trading volume signaling renewed bullish momentum. The move came despite about $3.9 million in outflows from U.S.-listed XRP ETFs, while activity on the XRP Ledger climbed to roughly 2.7 million daily transactions, aided by real-world-asset tokenization projects. Traders are watching whether XRP can hold the $1.39–$1.40 area as new support, which could pave the way toward $1.44 and $1.50, while a breakdown may send prices back toward the $1.34–$1.37 support band. Read full story Latest Crypto News XRP jumps 3% as breakout above $1.39 ends early-2026 downtrend 5 minutes ago Bitcoin above $71,000, ETH, SOL, ADA zoom higher as cryptos shrugs off stock weakness 13 minutes ago Bitcoin climbs to near $72,000 after Treasury Secretary Bessent attempts to calm oil fears 4 hours ago Stricter MiCA rules could thin crypto industry across the EU, says Swiss wealth manager 6 hours ago Crypto investor turns $50 million into $36,000 in one botched move 6 hours ago SEC's advisory group backs tokenized securities push, outlines how to keep it safe 6 hours ago Top Stories Donald Trump to hold another Mar-a-Lago lunch for his token holders 8 hours ago U.S. Senate votes to ban CBDCs in housing bill that may face trouble in the House 12 hours ago Vitalik Buterin says Ethereum should be used as a simple digital bulletin board 13 hours ago Cathie Wood's Ark Invest says quantum computing is a long-term risk for bitcoin, not an imminent threat 13 hours ago BlackRock debuts staked ether ETF as demand grows for yield in crypto funds 16 hours ago Tether invests in Ark Labs to make Bitcoin ready for stablecoins and payments 15 hours ago