Kraken推出了具有20倍槓桿的PI永久期貨，從而擴大了美國貿易商的訪問權限

PI網絡仍面臨對集中化和數據隱私的批評，儘管生態系統升級和市場擴展，也引起了人們的關注。

Kraken has just launched the first-ever perpetual futures for Pi Network’s (PI) token, providing a new way for traders to gain exposure to the asset. However, despite the buzz surrounding this major exchange debut, PI’s price has slid 3.5% in the last 24 hours, now changing hands at $0.7821.

Kraken剛剛推出了PI Network（PI）代幣的第一個永久未來，為交易者提供了一種新的方式來獲得資產敞口。但是，儘管圍繞著這次重大交換的嗡嗡聲，但PI的價格在過去24小時內下跌了3.5％，現在以0.7821美元的價格易手。

This downturn may be linked to growing concerns over the project’s token distribution and data privacy practices, even as Pi Network unveils new ecosystem updates and expands its market presence.

這種低迷可能與對項目的代幣分佈和數據隱私慣例的越來越關注有關，即使PI Network揭示了新的生態系統更新並擴大了其市場的影響力。

Kraken Unveils Pi Futures With 20x Leverage

Kraken揭露了20倍槓桿的PI期貨

Kraken Pro users can now go long or short on Pi with up to 20x leverage through the new perpetual futures contracts. These contracts, part of Kraken Pro’s expanding derivatives offering, support over 360 markets and accept more than 40 different collateral options.

Kraken Pro用戶現在可以通過新的永久期貨合約進行長時間或短暫的PI，最高20倍。這些合同是Kraken Pro不斷擴大的衍生品，支持360個市場的一部分，並接受40多種不同的抵押選擇。

This move makes it easier than ever for U.S. traders to access Pi futures without additional regulatory or platform hurdles. Unlike traditional futures, perpetual contracts do not expire, allowing traders to keep their positions open indefinitely—though funding fees may apply based on market conditions.

此舉使美國交易者無需其他監管或平台障礙而訪問PI期貨比以往任何時候都容易。與傳統的未來不同，永久合同不會到期，允許交易者無限期地保持其頭寸，儘管可能會根據市場條件適用資金費用。

The listing is seen as a potential signal of growing institutional interest in Pi, despite its notable absence from top-tier exchanges like Binance and Coinbase.

儘管列表顯著地缺席了Binance和Coinbase等頂級交流，但該列表被視為在PI中越來越多的機構興趣的潛在信號。

Centralization And Privacy Issues In Focus

重點集中和隱私問題

Despite development efforts, Pi Network continues to face criticism over its token distribution and privacy practices. Currently, about 60% of the total PI supply is still controlled by the core team.

儘管做出了發展的努力，但PI網絡仍在對其令牌分佈和隱私實踐中仍面臨批評。目前，大約60％的PI供應仍由核心團隊控制。

Dr. Altcoin, a prominent supporter of the project, has raised concerns over the lack of transparency from the Pi Core Team, especially regarding user data. He highlights how this data could be used for:

該項目的重要支持者Altcoin博士對PI Core團隊缺乏透明度的關注，尤其是對用戶數據。他強調瞭如何使用這些數據：

Without proper disclosure, he believes user trust and data privacy remain at serious risk.

他認為，如果沒有適當的披露，用戶信任和數據隱私仍然有嚴重的風險。

New Ecosystem Updates From Pi Network

PI網絡的新生態系統更新

Amid these controversies, Pi Network has introduced several updates to its ecosystem, including:

在這些爭議中，PI Network對其生態系統介紹了多個更新，包括：

These updates highlight ongoing efforts to enhance Pi’s utility and ecosystem engagement, even as questions about transparency and market readiness remain.

這些更新突出了正在進行的努力，以增強PI的實用性和生態系統參與度，即使有關透明度和市場準備就緒的問題仍然存在。

Final Thoughts

最後的想法

Pi Network’s addition to Kraken’s futures platform is a major milestone, providing the project with more visibility and equipping traders with new market tools. However, the price slump, transparency concerns, and centralized token holdings may continue to exert pressure on sentiment.

PI Network在Kraken的期貨平台上的增加是一個主要的里程碑，為該項目提供了更大的可見性，並為交易員提供了新的市場工具。但是，價格低迷，透明度問題和集中的令牌持有可能會繼續對情感施加壓力。

As institutional attention intensifies, the Pi Core Team’s next steps—especially in communication and decentralization—will be closely observed.

隨著機構關注的加劇，PI Core團隊的下一步（尤其是在交流和權力下放）將受到仔細觀察。