Weekly Score: Bitcoin Price Hits Peak Then Drops Sharply, Pi Network Probes Bottom

(Dan Tri) - Some notable technology news last week included Bitcoin price hitting a peak and then falling sharply in a few days, Pi Network being accused of "rug pulling" or Discord application being blackmailed.

Bitcoin price hits peak then falls sharply

According to data from CoinMarketCap, the price of Bitcoin increased sharply and reached 126,069 USD in the early morning of October 7 (Vietnam time). This also set a new record for the price of the world's largest cryptocurrency.

Bitcoin price peaked and plummeted in just a few days (Photo: National Economy Newspaper).

However, by the morning of October 11, the entire cryptocurrency market had plummeted. Bitcoin fell to $102,000. A series of other major cryptocurrencies on the market such as ETH, XRP or Solana all fell sharply by 20-30% in just a few hours.

According to data from CoinGlass , about $19.2 billion was liquidated in the derivatives market. This is a record amount of assets evaporated by “future” players on record. Globally, more than 1.6 million accounts were “burned”.

Pi Network accused of "pulling the rug out"

According to data from CoinMarketCap , Pi Network is trading around $0.20. The current price of Pi Network is 90% lower than the peak of $3 that the cryptocurrency reached in February.

Pi Network price has dropped more than 90% from its peak in February and shows no signs of recovery (Photo: The Anh).

It is worth noting that Pi Network's price volatility chart has been continuously declining since its listing and shows absolutely no signs of recovery. Even during periods of strong growth in the cryptocurrency market, Pi Network's price has continued to fall sharply.

This also led to accusations from the cryptocurrency community that the Pi Network project was being “rug pulled.” The term “rug pull” refers to a cryptocurrency development team abandoning the project and taking all of the investors’ money with them.

Apple looking for Tim Cook's replacement

Bloomberg news agency quoted sources from inside Apple as saying that the company has built a plan to choose Tim Cook's successor. John Ternus, Senior Vice President in charge of Hardware Engineering, is at the center of this plan and will likely become Apple CEO in the future.

John Ternus is said to be the person who will replace Tim Cook in the future (Photo: Apple).

John Ternus joined Apple in 2001 and has played an important role in developing iconic Apple products such as Mac, iPad, iPhone...

Apple has recently increased the presence of John Terus at major events. He introduced the iPhone Air and appeared at the iPhone 17 launch event in London. These moves show Terus's growing role in Apple's external affairs.

The world's thinnest foldable smartphone

The Honor Magic V5 is 8.8mm thin when folded and 4.1mm thin when opened in the white version. The hinge structure of the device can withstand 500,000 folds and achieves a tensile strength of 2,300 MPa. In addition, the device also integrates a new generation 5,820mAh silicon-carbon battery, increasing capacity without increasing thickness or weight.

Honor Magic V5 is recognized by Guinness for its durability record, with the ability to lift objects weighing up to 104kg (Photo: GSMArena).

The 6.43-inch outer screen and the 7.95-inch main screen both use LTPO OLED panels, reaching a maximum brightness of 5,000 nits and a refresh rate of 120Hz. The product is equipped with a Snapdragon 8 Elite processor manufactured on a 3nm process, which is among the most powerful in the world of Android smartphones today.

Discord App Extorted

Popular communication platform Discord has officially confirmed a serious security incident that affected the data of a certain number of users.

Discord is being blackmailed (Photo: Discord).

According to Discord, the incident was caused by a third-party vendor being hacked, not Discord's main system. However, the incident raises big questions about the security of the supply chain of major platforms.

According to the announcement, an unauthorized attacker successfully penetrated the provider's system and accessed data of users who had contacted Discord's Customer Support or Trust & Safety department. The purpose of the attack is believed to be to extort money from Discord.

280Hz gaming monitor

Gigabyte MO27Q28G has a 27-inch size, QHD resolution (2560 x 1440) and a four-sided borderless design, providing a spacious and seamless display space. The 280Hz refresh rate combined with a 0.03ms response time provides smooth motion, with almost no screen tearing when playing games.

MO27Q28G uses LG Display's fourth generation WOLED panel with Primary RGB Tandem structure (Photo: CTV).

The display reaches a maximum HDR brightness of 1,500 nits and comes with a 99% anti-reflective coating. Competitive features like Tactical Switch 2.0 allow for quick switching between aspect ratios, and Game Assist provides tools like crosshairs, FPS counters, and timers to give you an edge during gameplay.

"YouTube King" fears AI

In a post on his personal page, YouTuber with the largest number of followers in the world, MrBeast, expressed his concern about the development speed of artificial intelligence (AI), especially generative AI tools, which are capable of creating video content from user descriptions.

Despite being dubbed the “king of YouTube” thanks to his large following, MrBeast is still concerned that his future will be affected by AI video-creating tools (Photo: FC).

MrBeast believes that the rapid advancement of generative AI is scary and will impact the millions of content creators who currently make a living from it.

“These are scary times,” MrBeast shared, asking “what will happen to content creators like me when AI-generated videos are as good as conventionally shot ones?”

iPhone 17 Pro Max price "cools down"

According to a survey by Dan Tri reporters on iPhone buying and selling forums, the price of the iPhone 17 Pro Max remains high, although it has shown signs of "cooling down" compared to when it was first launched.

The "thirst" for iPhone 17 Pro Max is expected to end in the second half of October (Photo: Gizmodo).

The two versions of silver and cosmic orange are attracting great attention from domestic consumers, leading to "sold out" situations at most dealers. This has pushed up product prices in the secondary market.

Currently, the 256GB version of the iPhone 17 Pro Max in cosmic orange is being sold on the "black market" for 42 million VND. This price is 4 million VND higher than Apple's listed price, but has decreased by 6 million VND compared to the first days of sale. The silver version is even more expensive, up to 43 million VND.

Source: https://dantri.com.vn/cong-nghe/diem-tuan-gia-bitcoin-cham-dinh-xong-giam-manh-pi-network-do-day-20251011165351481.htm