🚨 What’s New with Pi (as of August 2025)
1. Security First
Pi Core Team just rolled out a major security update across all systems—specifically new passkey-based sign-ins and a big nudge to enable 2FA and complete KYC ahead of migration. Looks like they're bolstering defenses before the network fully opens up.
2. Mining Rate Cut Yet Again
On August 1, the mining rate dropped another ~8%, marking its lowest rate ever—from about 0.0030165 π/hour down to 0.0027746 π/hour. This emission control is paired with reminders to lock tokens for bonus rewards—some whales locked over 3.3 million PI in 24 hours.
3. Whale Activity & Token Unlock Drama
A mysterious wallet—now holding around 350 million PI (worth over $125M)—has been quietly buying up coins and withdrawing them from OKX and Gate.io. At the same time, a major token unlock (about 150–160M PI) happened in early August, increasing supply and dragging the price to new lows (~$0.32–$0.35).
4. Ecosystem Building on Track
The Pi team has pushed out updates like Pi App Studio (no-code tools), rebranded Pi Node to “Pi Desktop,” added fiat on‑ramps (Apple Pay, credit cards via Banxa/TransFi), and listed new apps in the Mainnet interface. Plus, community reports hint at forthcoming open‐source code release, possibly by September—but no official confirmation yet.
follow for more!
