Crypto Live News Today Feb 20th : Pi Network Launch, XRP Price Surge and More

Pi Network’s Open Mainnet is scheduled to launch on 20 February 2025 at 08:00 AM UTC, ending its Enclosed Mainnet phase that began in December 2021. This pivotal moment will allow Pi Coin to be traded on major exchanges including OKX, Bitget, Bitrue, HTX, and BitMart, with promotional initiatives like airdrops and giveaways. This transition is expected to drive adoption and mark a crucial turning point for millions of Pi Network users worldwide, boosting market confidence.

Pi Network (PI) IOU fell 42% in the past 24 hours as investor confidence waned amid growing doubts about its upcoming mainnet launch on February 20 and persistent rumors suggesting it might be a pyramid scheme. Technical indicators, including a sharp reversal in the RSI and a declining Chaikin Money Flow, signal mounting bearish momentum and selling pressure. Currently trading at $72, the token faces critical support levels at $63 and $47, which could trigger further declines if broken.

XRP is up today due to significant regulatory developments fueling investor optimism. The SEC recently acknowledged multiple XRP ETF filings by major asset managers like WisdomTree and Canary Capital, while Brazil approved the world’s first spot XRP ETF—moves that could open the door for institutional investors. These actions, occurring amid ongoing legal uncertainties in Ripple’s SEC case, have sparked hopes of a more favorable regulatory environment, driving XRP’s recent price surge.

MANTRA just rolled out RWAccelerator, a new program designed to support startups diving into real-world asset (RWA) tokenization, with backing from Google Cloud. The initiative provides funding, mentorship, AI-driven resources, and hands-on technical support for projects in real estate, finance, and beyond. Google Cloud will provide free cloud services and tech workshops. Experts predict that by 2027, 10% of the world’s economy could be stored on blockchain. Applications are open until March 20, and the program starts in April in Dubai, following MANTRA’s recent approval to offer crypto services there.

The U.S. SEC has officially acknowledged a spot XRP ETF filing from Cboe BZX Exchange on behalf of Canary Capital, moving it forward in the approval process. The agency is now accepting public comments for 21 days before making a decision. This comes after similar filings from 21Shares, Bitwise, Grayscale, and CoinShares. Canary Capital also recently had a Litecoin ETF filing acknowledged. With the crypto-friendly Trump administration in charge, ETF filings have surged, and an SEC task force led by Hester Peirce is evaluating which crypto assets qualify as securities.

World Liberty Financial (WLFI), a crypto-focused platform tied to Donald Trump, has just scooped up 548,538 SEI tokens for $125,000 in USDC, according to blockchain tracker Lookonchain. The purchase, made two hours ago, is the latest in WLFI’s ongoing crypto spree, following recent buys of MOVE and WBTC. The purchase is part of a broader strategy to diversify its crypto portfolio, which now includes significant holdings across multiple tokens. Investors are keeping a close eye on its next move in the digital asset space.