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The Onshore Yuan Closed At 6.7768 Against The US Dollar At 16:30 On June 4, Down 48 Points From The Previous Trading Day
Vietnam's Ministry Of Foreign Affairs: The U.S. Trade Representative's Conclusions On Forced Labor Fail To Fully And Accurately Reflect Vietnam's Efforts To Alleviate The Problem
The United Nations Interim Force In Lebanon (UNIFIL) Said Two Peacekeepers Were Also Injured In The Incident
London Metal Exchange (LME): Copper Inventories Decreased By 2,575 Tons, Aluminum Inventories Decreased By 250 Tons, Zinc Inventories Decreased By 625 Tons, Nickel Inventories Remained Unchanged, Tin Inventories Decreased By 40 Tons, And Lead Inventories Decreased By 1,150 Tons
Pakistan's Foreign Ministry Stated That If The Military Escalation Continues, The Window For Dialogue And Diplomacy Will Narrow, And Reaching An Agreement Will Face Significant Obstacles
Pakistan's Foreign Ministry: We Call On All Parties To Exercise Maximum Restraint Following The Reprehensible Attacks Against Kuwait And Bahrain
Ministry Of Commerce: Strengthen The Comprehensive Overseas Service System To Provide Robust Legal Safeguards For Enterprises Engaging In International Cooperation And Competition
Ministry Of Commerce: China Stands Ready To Maintain Communication With Pakistan On Relevant Issues And Jointly Promote The High-quality Development Of Bilateral Agricultural Trade
The Ministry Of Commerce: The Safeguard Measures On Imported Beef Are Intended To Provide Temporary Support To The Domestic Industry During A Period Of Difficulty, Not To Restrict Normal Beef Trade
The South Korean Won Fell To Its Lowest Level Against The US Dollar (KRW/USD) Since March 2009
The Ministry Of Commerce Announced Its Decision To Inherit The Tax Rates For Imported Copolymer Polyoxymethylene Originating From South Korea, Thailand, And Malaysia, In Accordance With Anti-dumping Measures
Foreign Ministry: China Firmly Supports Cuba In Safeguarding Its National Sovereignty And Security
The Ministry Of Foreign Affairs On The "Five Eyes" Alliance's Accusation That China Poses An "espionage Threat": Very Ironic
Russian Deputy Prime Minister Novak: The Global Oil Market Is Experiencing A Rare Crisis, The Severity Of Which Has Not Been Seen Even In The 20th Century
Russian Finance Minister Siluanov: The Current Ruble Exchange Rate Is "not Comfortable" For Export Companies
Russian Deputy Prime Minister Novak: If Necessary, Russia Will Consider Banning Diesel Exports

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Pi Network’s native token Pi coin is under new pressure after China’s top financial groups warned against illegal crypto activities and directly named Pi Coin as a risky asset. This has also increased fears that exchanges may delist Pi and that a future Binance listing is unlikely.
Meanwhile, Pi price dropped another 7% this week to around $0.22, now down 92% from its all-time high.
Pi Network: China Labels Pi Coin a High-Risk Asset
According to a joint notice issued by seven national associations, including the China Internet Finance Association, regulators warned the public about projects that promote virtual currencies without real value or technology.
The statement clearly mentioned Pi Coin, calling it an “air coin,” a term China uses for tokens that lack transparency, utility, or proven backing.
According to the regulatory notice, projects like Pi Network have been associated with frequent scam activities, raising concerns about investor protection and financial stability.
However, authorities also reminded everyone that virtual currencies do not have legal tender status in China, as they cannot be used inside the country, and are not allowed for payments or investments.
Binance Listing Fades, Even Pi Could Delist From Listed Exchange
The new warning from China is already causing problems for Pi Coin on exchanges. Some platforms that allow people to trade Pi are now thinking about removing it, because they don’t want to get into trouble with regulators.
Market experts say a strong regulatory backlash in China makes it impossible for major exchanges like Binance, one of the world’s largest exchanges, to consider listing Pi Coin.
Pi Barter Mall/Pi Network 来购酷买@pibartermallDec 06, 2025Some exchanges that have already listed KUCOIN:PUSDTi may delist KUCOIN:PUSDTi spot trading soon. Followers, please be aware of the risks! Please see my latest tweets for details.📉📉#PiNetwork #Pi
某些已经上架 KUCOIN:PUSDTi 的交易所近期可能会下架 KUCOIN:PUSDTi 现货粉丝们注意风险!具体原因请看我最新的几条推文注意规避 pic.twitter.com/f1e06owl4D
Right now, Pi is listed on places like Gate.io, OKX, Bitget, CoinUp.io, and a few smaller exchanges. But after the new warning, these listings may also be at risk.
Pi Coin Price Drops Again, More Downside Ahead?
In the past week, Pi coin price dropped 7% and is currently trading around $0.22, continuing its month-long decline. The token is also down 92% from its all-time high, as confidence continues to weaken due to repeated delays and new regulatory warnings.
Recently, a Coinpedia analyst reported that Pi is showing early warning signs as it falls below an $0.29 important trading range after getting several.
If Pi fails to hold its rising trendline around $0.223–$0.225, the drop may speed up because liquidity is weak below this zone. In that case, Pi could slide toward $0.20 next, and even a fall to $0.18 is possible.
Unless Pi Network delivers clear communication on the open mainnet, the token may continue facing downward pressure.
FAQs
Why did Pi Coin drop after China’s latest warning?China called Pi Coin a high-risk “air coin,” hurting investor confidence and pushing its price lower this week.
Could exchanges delist Pi Coin soon?Yes, some exchanges may delist Pi because China’s warning increases regulatory risk and reduces trading support.
Will Pi Coin get listed on Binance?A Binance listing is very unlikely right now due to strong regulatory pressure and concerns around Pi’s compliance.
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