What Happened in Crypto Today: Pi Network, Metaplanet, & More

Metaplanet Expands Bitcoin Holdings, Pi Network & DOGE Updates

Metaplanet Raises 4 Billion JPY to Expand Bitcoin Holdings

Japanese firm Metaplanet, often called "Japan’s MicroStrategy," has raised 4 billion JPY ($27 million) through 0% unsecured bonds. The company will use all proceeds to buy more Bitcoin, pushing toward its goal of holding 21,000 BTC by the end of 2026. This latest move strengthens Metaplanet’s Bitcoin-focused strategy as it continues accumulating the digital asset. Meanwhile, the company’s stock has also gained recognition, entering the MSCI index, further solidifying its presence in the global market.

New Mexico Moves to Invest in Bitcoin with Bold New Bill

New Mexico is making waves with a new bill, the Strategic Bitcoin Reserve Act (SB 275), introduced by Senator Anthony Thornton. The proposal aims to invest 5% of the state’s public funds into Bitcoin, pulling from various permanent funds. If passed, it could position New Mexico as a leader in state-level Bitcoin adoption, following states like Texas, Pennsylvania, and Florida, which have introduced similar proposals. This growing trend signals increasing trust in Bitcoin as a state asset and inflation hedge.

Pi Network Set for Mainnet Launch Amid Exchange Listing Buzz

The Pi Network is gearing up for its much-awaited Mainnet Open Network launch on February 20, 2025, at 8:00 AM UTC, a move that could shape its digital economy. OKX, MEXC, and Bitget have confirmed Pi Coin listings, sparking investor excitement. Bybit, however, denied listing Pi, dampening some expectations. Speculation remains about Binance, with analysts predicting a $500–$1000 surge if listed. If both Bybit and Binance reject Pi Coin, prices may drop to $5–$20 instead.

Elon Musk’s ‘DOGE’ Panel Launches Website to Track Government Cuts

Elon Musk’s Department of Government Efficiency (DOGE) just launched its official website, doge.gov, to provide updates on federal spending cuts and agency efficiency. The advisory panel, active under Trump’s presidency, aims to streamline operations and reduce waste. Musk confirmed that cost-saving details will be shared on the site, with a goal to slash $2 trillion from the budget over the next four months. The move has sparked nationwide interest in Musk’s government efficiency efforts.

XRP Aims for $15 as Speculation Over US XRP Reserve Grows

Crypto analysts are buzzing with optimism as XRP breaks out of a key symmetrical triangle pattern. Analyst Ali Martinez predicts a potential rally to $15 if bullish momentum holds. Meanwhile, EGRAG CRYPTO highlights critical price levels, suggesting that as long as XRP stays within a key channel, short-term fluctuations are just noise. However, a close below $2.30 could signal trouble. Speculation around a possible US XRP Reserve is adding fuel to the excitement.