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Crypto news: Pi Network announced that it will upgrade protocol v25 on July 22. This upgrade is intended to introduce privacy-preserving smart contracts and improve network stability. At the same time, the price of Pi Coin this week dropped by 27%, and it is expected that more than 775.8 million Pi tokens will be unlocked by December. Pi’s core team said that protocol v25 is one of the largest network upgrades this year, with the main goal of improving the stability and reliability of the Pi blockchain and enabling more efficient privacy-preserving smart contracts. The team also asked all node operators to upgrade to v25 in order to maintain connectivity with the network. This upgrade will also improve the Pi mining app, adding a side menu and a personal profile page, and supporting features such as dark mode. Although protocol v25 is an important technical upgrade, many investors are still wondering whether it can help Pi Coin recover.