标题：5月23日，Kraken Pro通过为PI Network的本地加密货币PI推出永久期货交易而成为头条新闻

2025年5月23日，Kraken Pro通过为PI Network的本地加密货币Pi推出了永久期货交易而成为头条新闻。清单具有高达20倍的杠杆作用和40多个抵押选择，这标志着该项目迈出了一步。

Kraken Pro, the professional trading platform of cryptocurrency exchange Kraken, has launched perpetual futures trading for Pi Network’s (PI) native cryptocurrency. The listing, which was announced on May 23, comes with up to 20x leverage and over 40 collateral options. It marks a major development for the project, which has been working on its mainnet for over three years and launched its token in December 2022.

加密货币交易所的专业交易平台Kraken Pro推出了PI Network（PI）本地加密货币的永久期货交易。该清单于5月23日宣布，最高可达20倍杠杆和40多种抵押选择。它标志着该项目的一个重大开发项目，该项目已经在其主网上工作了三年多，并于2022年12月推出了它的令牌。

Despite this news, PI’s price has struggled to find stability. Earlier this month, it briefly rallied to $1.60, but has since fallen and is currently trading near $0.76.

尽管有这个消息，但Pi的价格仍在努力寻找稳定。本月早些时候，它短暂地集结至1.60美元，但此后已倒塌，目前的交易接近0.76美元。

A lot of this has to do with the token’s complex situation around regulations and the way it was launched. Like many crypto projects, Pi Network has taken steps to avoid direct regulatory scrutiny by handling its coin issuance in a careful, sometimes confusing way.

其中很多与令牌有关法规及其启动方式的复杂情况有关。像许多加密项目一样，PI Network采取了措施，以仔细的，有时令人困惑的方式处理其硬币发行，以避免直接的监管审查。

Pi Network is a blockchain project that aims to create a peer-to-peer ecosystem for financial services and digital assets. It was founded in 2014 by three Stanford University graduates: Chenpeng Jiang, Weiqi Shi, and Jixun Hu.

PI网络是一个区块链项目，旨在为金融服务和数字资产创建点对点生态系统。它由三位斯坦福大学毕业生（Chenpeng Jiang，Weiqi Shi和Jixun Hu）于2014年成立。

The project’s journey has been long and winding, with several setbacks and pivots along the way. It was initially funded through an Initial Coin Offering (ICO) in 2017, but that model was shut down by the U.S. Securities and Exchange Commission (SEC).

该项目的旅程漫长而蜿蜒，沿途有几个挫折和枢轴。它最初是通过2017年的初始硬币产品（ICO）资助的，但该模型被美国证券交易委员会（SEC）关闭。

To comply with regulations and continue its project, Pi Network pivoted to a different model called "tokenized contribution," where users contribute their time and skills to the network in exchange for Pi tokens.

为了遵守法规并继续其项目，PI网络枢纽与一种称为“令牌化贡献”的不同模型，用户在该模型中为网络贡献了时间和技能，以换取PI代币。

However, this model also raised concerns among legal experts, who pointed out that selling "easily traded" tokens for value in the U.S. requires registration with the SEC.

但是，该模型还引起了法律专家的关注，他们指出，在美国出售“易于交易”代币的价值需要与SEC进行注册。

Despite these issues, Pi Network has managed to launch its mainnet and token, which are now live and available for trading on Kraken Pro.

尽管有这些问题，PI Network还是设法启动了其主网和代币，这些和doken现在可以使用并可以在Kraken Pro上进行交易。

The platform offers a wide range of futures products with up to 20x leverage and over 40 collateral options, allowing traders to diversify their portfolio and hedge against market risks.

该平台提供各种期货产品，具有高达20倍的杠杆率和40多种抵押品，使交易者能够多样化其投资组合和对冲市场风险。

Moreover, Kraken Pro provides advanced charting tools, technical indicators, and market news to help traders make informed decisions.

此外，Kraken Pro提供了高级图表工具，技术指标和市场新闻，以帮助交易者做出明智的决定。

"We are excited to add PI perpetual futures to our growing list of products on Kraken Pro," said Paymon Balaghat, Head of Product at Kraken. "We hope this listing will bring more liquidity and visibility to the Pi Network ecosystem."

Kraken产品负责人Paymon Balaghat说：“我们很高兴将PI永久期货添加到Kraken Pro的越来越多的产品清单中。” “我们希望这份清单将为PI网络生态系统带来更多的流动性和可见性。”

Pi Network's token has been showing signs of recovery after dropping 50% and breaking out of a falling wedge pattern. The next key level to watch is $0.84, which could confirm the breakout if it breaks above this.

PI Network的令牌在下降50％并脱离楔形模式后一直显示出恢复的迹象。要观看的下一个密钥级别为$ 0.84，如果突破超过此，则可以确认突破。

Some predict that Pi could rally to $5 in the future, which sounds unbelievable at first since it would give it a market cap of over $30 billion. However, because there’s so little liquidity, it’s technically possible for its price to spike much higher than expected in the short term, especially if the team is actively managing supply and demand.

有人预测，PI将来可能会升至5美元，这听起来令人难以置信，因为它的市值超过了300亿美元。但是，由于流动性很少，因此从技术上讲，其价格可能会比短期内预期的要高得多，尤其是在团队积极管理供求的情况下。

Much of Pi's future price action will depend on its upcoming roadmap milestones. The Pi Network website lists dozens of them, including plans to let users migrate more of their Pi coins to the mainnet and convert Fireside tokens into Pi coins. These moves could either release more coins into the market or tighten supply even further, both of which would affect the price.

PI的许多未来价格行动将取决于其即将到来的路线图里程碑。 PI网络网站列出了数十个，包括让用户将更多的PI硬币迁移到主网，并将Fireside令牌转换为Pi Coins的计划。这些举动可以将更多的硬币释放到市场上，或者进一步收紧供应，这两者都会影响价格。

Overall, Pi Network's token has a long way to go before it reaches mainstream adoption and the price targets set by some analysts. However, the project has made significant progress in recent years and is showing promise in the rapidly growing decentralized ecosystem.

总体而言，PI Network的令牌还有很长的路要走，它可以达到主流采用和一些分析师设定的价格目标。但是，该项目近年来取得了重大进展，并在快速增长的分散生态系统中表现出了希望。