Pi Network’s core team named the Pi Hackathon 2025 winners, allocating 75,000 PI to Blind_Lounge, 45,000 to Starmax, and 15,000 to RUN FOR PI, with five more teams earning 5,000 PI each. Zcash rebounded after early-December weakness, with some targets above $600 and an outlier at $4,900. Bitcoin stayed range-bound after a 0.25% Fed rate cut.

Bitcoin attempted to climb toward $95,000 before pulling back to around $90,200 over the past 24 hours. Its market dominance edged up to about 57%. On December 11, Cardano led losses among major altcoins with a 10% drop to roughly $0.42. Total crypto market capitalization retreated to $3.17 trillion.

On December 10, Pi Network highlighted recent product moves, including new AI tools to speed KYC checks and a collaboration with CiDi Games to expand PI use cases. An initial hearing in a lawsuit accusing the project of secretly selling billions of PI and misleading users is scheduled for December 23, 2025. PI is trading around $0.21, according to CoinGecko, down 14% over the past two weeks, while upcoming token unlocks may add selling pressure. Observers are watching how these product updates, legal developments and unlocks shape near-term sentiment toward the project.

On December 10, Bitcoin briefly climbed to around $94,500 before easing. Jerome Powell is set to reveal the Federal Reserve rate decision later the same day. BTC traded near $93,000, up 3%, per TradingView. Ethereum rose 9% to about $3,350, and the total crypto market cap reached roughly $3.26 trillion.

Over the past 24 hours, Bitcoin retreated to around $90,200 after briefly moving above $92,000. Hyperliquid posted a 9% daily loss, while major altcoins including Quant and Kaspa also declined. Total crypto market capitalization eased to about $3.16 trillion, roughly 2% lower than the previous day.

Pi Network’s PI token, which began trading in early 2025 and briefly reached $3, has since fallen to about $0.22, a decline of roughly 93%. An X analyst argues that defending a key support level and reigniting investor interest are essential for any rebound, while more than 183 million PI are set to be unlocked over the next 30 days, adding to potential selling pressure.

Strategy, formerly MicroStrategy, acquired 10,624 BTC for roughly $962.7 million at an average price of $90,615 per coin. As of December 7, 2025, the firm holds 660,624 BTC bought for around $49.35 billion at an average of $74,696 per bitcoin, Michael Saylor said. The BTC yield is 24.7% year-to-date 2025. The latest purchase follows a smaller 130 BTC buy disclosed on December 1.

Binance will halt trading for StaFi (FIS), REI Network (REI), and Voxies (VOXEL) on December 17, 2024, following a periodic review of digital assets. The exchange evaluates tokens based on development activity, trading volume, network security, and community engagement. Deposits will no longer be credited after December 18, 2024, while withdrawals will remain available until February 16, 2026.