Pi Network Ventures Makes First Major Investment
Pi Network Ventures has made its first major investment since launching its $100 million venture fund in May. The fund aims to support projects with real-world utility. The $20 million was allocated to OpenMind, a robotics startup founded by Stanford professor Jan Liphardt.
Pi Network Expands Into Robotics
This move signals Pi Network’s entry into the robotics and AI sector. OpenMind is building OM1, a universal operating system designed for various robot brands and configurations. The platform improves interoperability between machines and enhances identity and security across robotic systems.
Alongside Pi Network, major investors like Coinbase Ventures, Pantera Capital, Ribbit Capital, and Sequoia China also joined the funding round. With this, Pi Network reinforced its long-term strategy to gain a stronger position in global tech and decentralized machine intelligence.
Community Divided Over Robotics Push
Despite the milestone, the Pi Network community shared mixed reactions. Some members expressed concern that the project was straying from its core focus. They argued the team should prioritize network development instead of expanding into new sectors.
In response, the Pi Network core team introduced major updates to strengthen security. These included a Passkey feature, enabling one-tap wallet authentication to boost user protection.
Pi Network also rolled out several new wallet features tied to Binance, sparking speculation about a possible listing on the exchange later this year. These developments aim to address community concerns and reinforce trust in the project’s long-term direction.
Pi Coin Struggles Below Resistance as Downtrend Deepens
The Pi Coin to Tether (PIUSDT) 4-hour chart shows continued weakness. The price sits at $0.3578, still below the 50-period Exponential Moving Average, which is at $0.3711. Sellers remain in control as the coin follows a clear descending trendline from late June. Each rally attempt fades below the EMA, confirming strong resistance overhead.
Trading volumes have not picked up, showing weak demand. The Relative Strength Index, or RSI, is at 51.66, moving up from 37.97. This shift suggests some buying interest returned after the sharp drop, but momentum remains fragile.
Pi Coin recently bounced near $0.32 but failed to break above the trendline or the EMA. Unless the price closes above those barriers, the market structure stays bearish. The downtrend remains valid, with lower highs and lower lows continuing to form.