Crypto Market Surges: Pi Network Gains Traction, XRP ETF Approved, IP Sector Rallies
1min read The cryptocurrency market is abuzz with news today, with significant developments in the Pi Network, XRP ETF approval, and a price rally in the IP (Internet Protocol) sector. Here's a roundup of the latest happenings in the crypto world.
Upbit, a leading South Korean cryptocurrency exchange, has announced the listing of JTO (Geeto) on its KRW market, starting February 21 at 14:30 KST. The token will be supported on the Solana network, and users are advised to ensure deposits are made via the designated network. Trading restrictions will apply for the first 5 minutes, including buying and selling limits. The previous closing price of JTO on the BTC market was 0.00002857 BTC, equivalent to 4,163 KRW.
In other news, Japan's core inflation hit a 19-month high of 3.2% in January, the fastest pace since June 2022. This surge in inflation is driven by high goods prices, particularly energy and food costs, despite slower services inflation. The Bank of Japan (BOJ) is expected to continue raising interest rates, with most economists anticipating another hike this year, likely in Q3, to 0.75%.
The Pi Network, a community-driven cryptocurrency project, has been making waves in the crypto space. The project aims to create a decentralized, user-friendly, and secure digital currency. With a growing user base and increasing awareness, the Pi Network has the potential to disrupt the traditional cryptocurrency landscape.
XRP, the native cryptocurrency of the Ripple network, has received approval for an exchange-traded fund (ETF) in the United States. The approval comes after a long wait and multiple rejections from the Securities and Exchange Commission (SEC). The XRP ETF will allow investors to gain exposure to XRP without directly purchasing the cryptocurrency, potentially opening up the asset to a wider range of investors.
The IP (Internet Protocol) sector has witnessed a significant price rally in recent weeks. As the world becomes increasingly digital, the demand for secure and efficient internet protocols has grown. This has led to a surge in interest and investment in IP-related cryptocurrencies, driving up their prices. The rally is expected to continue as the digital economy expands and 
