Web3🌕Monday Roundup: Pi Network Backlash, Bitcoin’s $128K Prediction, and Utah’s Crypto Bill Shake-Up

Ready for the latest buzz in Web3? From Pi Network facing criticism to Bitcoin’s bold $128K forecast, and Utah’s evolving crypto legislation — today’s updates are packed with big moves and bold predictions!

1. Pi Network under fire as pioneers slam delays in moving coins to Mainnet.

Pi Network users, known as Pioneers, are facing mounting frustration as they struggle to transfer their mined Pi Coins to the blockchain’s Mainnet ahead of the March 14, 2025 deadline. The network’s Grace Period for KYC verification and migration is ending, and failure to complete this process will result in the loss of most Pi holdings. Despite extensions, many users report unresolved technical issues and unverified balances, sparking criticism and doubts about the project’s legitimacy. As Pi Coin’s market value drops and a Binance listing remains uncertain, the community’s growing dissatisfaction reflects in negative reviews and calls for action.

Pioneers Criticize Pi Network Over Failure to Transfer Coins to Mainnet

Pi Network’s March 14 deadline pressures users to complete KYC and Mainnet migration, but many report technical issues blocking transfers.

BeInCryptoKamina Bashir

2. South Korean lobbyists & politicians push for a national Bitcoin reserve.

South Korean financial experts and opposition lawmakers are calling for the integration of Bitcoin into the country’s national reserves and the creation of a won-backed stablecoin. This push comes after the U.S. moved forward with plans for a Bitcoin Reserve, sparking discussions at a National Assembly forum hosted by the Democratic Party. With other Asian nations like Hong Kong and Japan exploring similar digital asset initiatives, South Korea faces pressure to act. Experts warn that without a domestic stablecoin, the country risks losing monetary sovereignty if USD-backed stablecoins dominate digital transactions in the evolving global crypto economy.

South Korea Should Consider Bitcoin Reserve, Say Industry Lobbyists, Democratic Party Members - Decrypt

The country’s financial experts and opposition lawmakers proposed adding crypto to a national stockpile Wednesday, as the U.S. pushes ahead.

DecryptVince Dioquino

3. Bitcoin’s bull run? Experts predict BTC soaring to $128K soon!

The cryptocurrency market has faced a tough year, with Bitcoin (BTC) struggling to regain its momentum after hitting an all-time high of $108,786 on Jan. 20. Currently trading around $82,000, BTC has dropped 14% over the past month despite an 18.6% growth since March 2024. The global crypto market cap fell 6% in the last 24 hours to $2.8 trillion, driven by growing investor uncertainty following U.S. tariffs on the EU, Canada, and Mexico. Still, optimism remains—analysts predict BTC could hit $128,000 by May 2025 if it reclaims $84,000 as support, with further potential to reach $157,131 in June.

Bitcoin (BTC) Predicted To Hit A Peak Of $128,000: Here’s When

Bitcoin (BTC) has faced a significant price correction lately. Despite the dip, the asset is predicted to hit a new all-time high of $128000.

Watcher GuruPaigambar Mohan Raj

4. Utah’s Senate passes Bitcoin bill — but drops a crucial clause.

Utah’s Bitcoin bill has passed the state Senate but without its key provision for a state Bitcoin reserve. The amended HB230 bill now focuses on protecting digital rights like Bitcoin mining, running nodes, and staking. Despite earlier support, the clause allowing Utah’s treasurer to invest up to 5% in digital assets like Bitcoin was removed after the final reading. The bill now heads to Governor Spencer Cox’s desk for approval. Meanwhile, other states like Texas and Arizona push forward with similar Bitcoin reserve proposals, and President Trump has already signed an executive order to establish a federal Strategic Bitcoin Reserve.

Utah’s Senate passes Bitcoin bill — but scraps key provision

The Utah Senate passed a Bitcoin bill but amended it to scrap the reserve clause, which was at the heart of the bill.

CointelegraphBrayden Lindrea

The Web3 space keeps evolving at lightning speed — with bold predictions, policy shifts, and community debates shaping its future. Stay tuned, stay curious, and keep riding this wave of innovation!

WEB3 AI ML