End of enclosed Mainnet phase
Pi Network will launch its Open Network at 8 AM UTC on February 20, 2025, marking a major milestone.
Since December 2021, the Enclosed Mainnet restricted external access to enhance security and allow KYC verification. The network was operational but protected by a firewall, limiting integrations.
With the Open Network launch, the firewall will be removed, enabling users to connect Pi to external systems and real-world applications.
Full access to Pi’s ecosystem
During the Enclosed phase, users completed KYC verification and developers built applications. This ensured a secure transition to an open ecosystem.
Now, Pi’s network will be fully accessible, allowing transactions, integrations, and broader adoption without restrictions.
Successful Mainnet migration
Pi Network surpassed 10.14 million Mainnet migrations, exceeding its 10 million goal. This reflects strong engagement and adoption.
With over 19 million KYC-verified Pioneers, Pi is ready for real-world use and a utility-driven ecosystem.
OKX to list PI on launch day
Following the announcement, OKX confirmed it will list PI on February 20.
Spot trading for PI/USDT will go live, giving users access to trade Pi on the open market.
A new era for Pi network
The Open Network marks a key step toward mass adoption.
With full connectivity, Pi is set to become a widely used cryptocurrency with real-world utility.
Trump-Backed WLFI launches Macro strategy fund to support Bitcoin, Ethereum, and Major Crypto projects
WLFI establishes Macro strategy fund
World Liberty Financial (WLFI), a DeFi platform backed by former U.S. President Donald Trump, has announced the launch of its strategic token reserve fund, Macro Strategy.
According to WLFI’s February 13 announcement, the fund aims to support leading crypto projects such as Bitcoin, Ethereum, and other significant cryptocurrencies that are reshaping the global financial landscape.
Additionally, Macro Strategy will help WLFI diversify its investment portfolio, mitigate risks, and establish a strong financial foundation for future growth.
Funding for the reserve fund remains unclear
Last week, WLFI co-founder Chase Herro hinted at the creation of the fund. However, WLFI has not disclosed its initial funding sources.
The project is actively working with financial institutions to find partners willing to contribute tokenized assets to the fund. These assets will be held in WLFI’s publicly accessible wallet, ensuring transparency and direct engagement with the crypto community.
Meanwhile, WLFI is continuing its second presale round for the WLFI token at $0.05 per token to raise additional capital.
WLFI transfers 90% of assets to Coinbase Prime
WLFI currently holds approximately $38 million in various tokens, a sharp decline from its previous $360 million in assets.
This significant drop is due to WLFI transferring the majority of its assets to centralized exchanges like Coinbase Prime, which led to a notable decrease in on-chain holdings.
Partnership with Ondo Finance to tokenize traditional assets
In addition to launching Macro Strategy, WLFI has partnered with Ondo Finance, which recently introduced a tokenization platform for stocks, bonds, and ETFs.
This partnership aims to bring traditional financial assets onto the blockchain, a crucial step in integrating DeFi with traditional finance.
Ondo Finance recently unveiled Ondo Chain, a Layer 1 blockchain dedicated to real-world asset (RWA) tokenization. Following this, WLFI purchased 342,000 ONDO tokens worth $460,000 USDC.
WLFI has been interested in ONDO since December 2024, initially investing $250,000 USDC. On January 20, 2025—the U.S. presidential inauguration day—WLFI increased its ONDO holdings.
Conclusion
With Trump’s backing, World Liberty Financial (WLFI) is making strategic moves to solidify its position in the crypto market. The Macro Strategy fund aims to diversify WLFI’s portfolio while supporting top crypto assets like Bitcoin and Ethereum.
Simultaneously, WLFI’s partnership with Ondo Finance to tokenize traditional assets highlights its commitment to integrating DeFi with global finance, further expanding blockchain applications in traditional markets.
Franklin Templeton files for Solana spot ETF, joining growing list of applicants
Franklin Templeton, a $1.5 trillion asset management firm, has officially entered the race to launch a Solana spot exchange-traded fund (ETF) in the U.S.
On February 11, the firm filed registration documents for the Franklin Solana Trust in Delaware, signaling its intention to seek approval for a Solana spot ETF. This move places Franklin Templeton alongside Canary, Grayscale, 21Shares, VanEck, and Bitwise, all competing to bring SOL ETFs to the market.
Franklin Templeton’s Bullish outlook on Solana
Franklin Templeton’s filing comes as no surprise. The firm had already expressed strong confidence in Solana back in July 2024, calling it one of the “exciting” crypto projects with the potential to drive mainstream adoption alongside Bitcoin and Ethereum.
Solana has overcome significant technological hurdles, reinforcing its position as a mature blockchain network. This, along with its high-speed transactions and lower fees, has fueled growing institutional interest in SOL-based investment products.
SEC signals more Crypto ETF approvals
The U.S. Securities and Exchange Commission (SEC) approved Bitcoin and Ethereum spot ETFs in 2024, opening the door for further altcoin-based ETFs.
Recently, the SEC acknowledged applications from Grayscale and Canary for Solana and Litecoin ETFs, a step that indicates serious consideration. Bloomberg analysts James Seyffart and Eric Balchunas have even estimated a 90% chance of Litecoin ETF approval.
As the crypto ETF market heats up, Franklin Templeton’s entry adds another heavyweight contender to the competition. If approved, a Solana spot ETF could significantly boost institutional adoption and mainstream exposure for SOL.
