Crypto News Today-27th FEB : Pi Coin Price ATH, XRP News , Bitcoin Live Price and More

Iran’s central bank has intensified its crackdown on cryptocurrencies as the rial continues to plummet, stopping rial payments on exchanges and imposing new conditions on crypto platforms. Following a sudden halt on rial purchases, the Central Bank of Iran (CBI) imposed limits on cryptocurrency prices and required real-time access to customer data. Critics argue these measures push people toward underground activities, while regulators aim to control the market and reduce currency depreciation. The government’s approach, seen as unbalanced, could further alienate the public and hinder transparency.

Ripple President Monica Long expressed excitement over the company’s new partnership in South Korea, aimed at strengthening its presence in the Asia-Pacific region. Ripple has teamed up with BDACS, a leading digital assets custodian, enabling South Korean institutional investors to access custody services for RLUSD, XRP, and other cryptocurrencies. The deal supports the XRP Ledger ecosystem and enhances the usability of Ripple’s regulated RLUSD stablecoin, providing secure, institutional-grade custody technology.

Pi Coin surged to $3, reaching new all-time highs, but faces potential volatility. The Directional Movement Index (DMI) shows a strong uptrend with minimal selling pressure, while the Bollinger Bands Trend (BBTrend) dropped sharply to -11, suggesting the uptrend may be overextended. Despite this, Pi could test higher resistance levels at $3.5 or $4 in the near term, though a pullback remains possible.

Pi Coin has experienced an impressive 293% surge since its launch, outpacing major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin. The surge follows the launch of Pi Network’s Open Mainnet on February 20, which allowed users to transfer Pi Coin outside the network for the first time. Pi Coin is now listed on prominent exchanges like OKX, Bitget, and CoinDCX. Factors driving the surge include increased exchange listings, a strong community of over 60 million users, and limited token supply. Despite a brief price drop below $1 post-launch, Pi Coin is currently priced at $2.95, with analysts predicting it could exceed $500 by 2030 if it gains real-world usage.

Truth Labs’ investigation reveals troubling connections within Bybit’s Multi-Sig wallets. Funding for Bybit, Mantle, and BitDAO contracts traces back to HTX (Huobi) and Binance, not Bybit itself. Alarmingly, Bybit’s exploited Hot Wallet is tied to Tornado Cash. Further analysis links 69secrets.eth, involved in the downfall of $MIM and $UST, to multiple Bybit Multi-Sig wallets. These findings raise concerns about Bybit’s security and the entities controlling its funds.

Binance is thrilled to announce the 10th project on the HODLer Airdrops page, MyShell (SHELL). Users who subscribed their BNB to Simple Earn (Flexible/Locked) or On-Chain Yields products from February 14th to February 18th, 2025, will receive a portion of the 25,000,000 SHELL tokens allocated for this airdrop. Binance will list SHELL on February 27th, 2025, at 13:00 (UTC) and open trading against BTC, USDT, USDC, BNB, FDUSD, and TRY pairs. With a genesis total supply of 1 billion SHELL tokens, 27% will be in circulation upon listing.

Michael Saylor, the outspoken Bitcoin advocate and founder of Strategy, will address the question of whether Bitcoin could be a solution to the US’s mounting national debt at the upcoming Bitcoin for America event on March 11th. With the US national debt growing rapidly, Saylor’s vision of Bitcoin as a hedge against inflation, a decentralized financial tool, and a store of value is drawing attention. While his ideas are compelling, concerns around Bitcoin’s volatility, regulatory uncertainty, and scalability remain. Saylor’s keynote promises to spark important conversations on Bitcoin’s role in the broader financial system and debt management.

Ethereum’s market is experiencing a sharp sell-off as whales panic-sell their holdings. One whale, with the address 0xc725102508c2f7df5bdb5f8ea5242ae18b8a839d, sold 8,074 ETH, valued at $19.63 million, at an average price of $2,431 just 12 hours ago. Another whale, 0x07Fe1752b74395ab1B71D94C46ee121D0a61A26D, deposited 10,000 ETH worth $23.44 million to Binance in the past two days, amplifying market concerns.