The post Pi Network News: Everything Co-founder Chengdiao Fan Said About Pi at Miami appeared first on Coinpedia Fintech News

Pi Network co-founder Chengdiao Fan used her recent appearance at the Consensus 2026 in Miami to explain how Pi Network plans to move away from the typical crypto model focused mainly on speculation and token fundraising.

During her keynote, Fan said the crypto industry still suffers from “too much value extraction without equivalent value creation,” arguing that many projects raise capital first but fail to deliver meaningful utility afterward.

“There are tokens used mostly for raising capital without actual product innovation,” Fan said. “People have too easy and immediate access to capital without actually doing the hard work to finish the building.”

According to Fan, Pi Network is trying to solve that problem by aligning crypto tools with real businesses, product innovation, and long-term user participation.

At Consensus 2026 in Miami, @PiCoreTeam co-founder Dr. Chengdiao Fan delivered a bold message: the "quick exit" era of crypto is over. $Pi massive verified human network is trying to become standard for the digital economy.

The Highlights:

Proof of Humanity: 18M+ KYC’d humans… pic.twitter.com/SAwKT29aw1

— Justin Wu (@hackapreneur) May 8, 2026

Pi Launchpad Designed to Stop “Quick Exit” Culture

A major part of Fan’s presentation focused on Pi Launchpad, a new ecosystem model for projects building on Pi’s Layer-1 blockchain.

Fan explained that Pi Launchpad differs heavily from traditional crypto launchpads because funds committed by users would not go directly to project teams. Instead, those proceeds would be permanently deposited into liquidity pools.

“Not only does this address the root problem of the quick exit problem, but it also helps provide a healthy and stable start for the token,” Fan explained.

She also said projects must already have a working app or product before launching tokens inside the Pi ecosystem.

“The prerequisite to launch on Pi Launchpad is to have a working product,” she added.

Fan also explained that users who actively engage with products could receive favorable access or benefits during token launches, helping align users and builders toward long-term ecosystem growth.

Pi Focuses on Users, AI, and Real Utility

Fan repeatedly emphasized Pi’s scale as one of its biggest advantages.

According to her, Pi has over 60 million engaged users globally, more than 18 million KYC-verified users, and roughly 16.5 million active wallets already operating on mainnet.

“User acquisition is the foundation of utility creation,” Fan said. “No matter how sophisticated a product feature is, if there are no users, there will be no meaningful usage and network effects.”

She also highlighted Pi’s growing role in AI infrastructure and human verification systems. Fan revealed that over 526 million human verification tasks were completed by more than one million users through Pi’s KYC network.

“This large distributed workforce can potentially provide human-in-the-loop processes for AI,” she explained.

How This Could Impact Pi Price

Fan’s speech comes during an important week for Pi Network. Pi trading volume jumped over 20% in the last 24 hours ahead of the May 15 network upgrade, which could introduce smart contract functionality.

Pi recently moved from around $0.169 to $0.1728, while a breakout above the $0.187 resistance level could open the path toward $0.22 if buying momentum continues building around the upgrade narrative.

The post Why Did Bitcoin Price Fall Today? appeared first on Coinpedia Fintech News

Bitcoin climbed back above $82,000 on Monday before reversing lower. The trigger was four words from President Trump posted on social media: “I don’t like it.” Within minutes of the post, Bitcoin dropped nearly $1,200 from around $81,500 to $80,300.

BREAKING: President Trump responds to Iran's response to the US' 14-point peace proposal:

"I have just read the response from Iran’s so-called 'Representatives.' I don’t like it," he says.

Futures open in under 2 hours. pic.twitter.com/ropx1Ma8M1

— The Kobeissi Letter (@KobeissiLetter) May 10, 2026

The move triggered immediate liquidations across the crypto market and set off one of the most volatile 12-hour periods Bitcoin has seen. Roughly $81 million worth of long positions were liquidated within the first hour of the drop. Bitcoin then rebounded toward $82,400 after US futures markets opened, before reversing lower again. 

BREAKING: Bitcoin just dumped $1,900 in 4 hours, fully retracing the entire pump.

In the last 12 hours,
Bitcoin dumped $1200 from $81.2k to $80.3k
Then pumped $2100 from $80.3k to $82.4k
Now again down $1900 from $82.4k to $80.5k

Liquidated $370M worth of longs and shorts pic.twitter.com/tabUBTH3cL

— Bull Theory (@BullTheoryio) May 11, 2026

In total, more than $370 million worth of long and short positions were liquidated during the swings. Bitcoin moved nearly $4,000 in both directions within 12 hours.

The Iran Connection

Trump’s post was not random. Iran had just sent its response to the US peace proposal through Pakistani mediators. The response rejected dismantling its nuclear facilities, pushed back on nuclear demands, and proposed transferring some uranium to a third country while asking for nuclear issues to be negotiated over the next 30 days.

Trump responded publicly by saying Iran has been “playing games” with the US for 47 years and “they will be laughing no longer.” Analysts noted that the last time Trump used similar language, military strikes followed within 48 hours.

Geopolitical risk returned to markets instantly.

Where Analysts Stand Now

Despite the bounce back toward $82,000, some analysts are turning cautious. Crypto analyst Doctor Profit said the current range between $82,000 and $85,000 resembles the same setup he used to short Bitcoin near its 2025 peak. He has been gradually opening short positions daily within this range while taking profits from longs entered around $71,000.

#Bitcoin – What’s Next?

The Big Sunday Report: All We Need to Know

TA / LCA / Psychological Breakdown:

These are the last days and if you are lucky the last few weeks above the 80k range, the area of 50k and below is calling and the big crash is a matter of time, the trap… pic.twitter.com/9svoqd7dzV

— Doctor Profit (@DrProfitCrypto) May 10, 2026

His warning is direct. The recent rally could be a bullish trap as retail optimism builds near resistance.

For the bull case to stay intact, Bitcoin needs to close the week above $81,000.

The post KOSPI Breaks 7,700 for the First Time Ever as AI Demand Reshapes Asian Markets appeared first on Coinpedia Fintech News

Stock markets in Japan and South Korea opened at new all-time highs on May 11, 2026, extending a strong rally driven by easing geopolitical tensions and surging demand for AI-related technology.

The Nikkei 225 gained around 1% at the open, while South Korea’s KOSPI jumped nearly 4%, marking one of the strongest starts across Asian markets this year. According to market data, Japan’s Nikkei 225 climbed 0.78% to 63,201.36, surpassing its previous record of 62,833 set only days earlier.

Japan and South Korea's stock markets have opened at NEW ALL-TIME HIGH.

Nikkei +1%
KOSPI +3.95%

Strong start across Asian indices. pic.twitter.com/674m1Uyu1p

— Bull Theory (@BullTheoryio) May 11, 2026

Meanwhile, South Korea’s KOSPI surged 3.85% to 7,786.73, breaking above the 7,700 level for the first time ever and leading gains across Asian equities.

Major semiconductor and tech stocks also posted massive gains at the open. Samsung Electronics jumped more than 5%, while SK hynix surged over 8%, with both companies reaching new all-time highs.

AI Boom Is Fueling Asian Markets

A major driver behind the rally continues to be the global artificial intelligence boom.

South Korea recently reported a massive 139% year-on-year increase in semiconductor exports during the first quarter of 2026, fueled largely by rising demand for memory chips powering AI data centers worldwide.

This surge has strengthened investor confidence in Asian semiconductor giants, especially as global tech firms continue expanding AI infrastructure spending.

The rally also reflects how Asian markets are increasingly becoming central players in the global AI supply chain, particularly in semiconductors, chip manufacturing, and advanced hardware.

Geopolitical Optimism Boosts Investor Sentiment

Markets also reacted positively to improving geopolitical developments involving the United States and Iran.

President Donald Trump recently described talks with Iran as “very productive,” raising hopes for a possible agreement that could reduce tensions and improve global market stability.

At the same time, investors are increasingly shifting capital into Asian equities as both a growth opportunity and a relatively safe haven during global uncertainty.

South Korea’s stock market has now surpassed Britain and Canada to become the world’s seventh-largest equity market, highlighting the growing global influence of Asian technology and semiconductor companies.