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Pi Network to invest $100M in startups building blockchain apps


Mobile-first blockchain Pi Network has launched a $100 million fund to invest in initiatives built on its infrastructure.According to a May 14 announcement, the Pi Foundation is launching Pi Network Ventures with an initial investment of $100 million in Pi (PI) tokens and US dollars. The fund will...

Hype Backfires? Pi Network Token Price Crumbles After Key Announcement


Shortly after Pi Network announced the launch of a $100 million investment fund, the platform’s token, Pi, plummeted over 25% within 24 hours, dropping to $0.85. Pi Network Accused of Creating Hype to Boost Token Price On May 14, Pi Network announced the launch of a $100 million investment...

Solana network and DeFi activity suggest SOL price rally will continue


Key takeaways:Solana's $10.9 billion TVL surpassed the entire Ethereum layer-2 ecosystem.Solana’s 30-day fee revenue ($43.4 million) rose 109% compared to the previous month.SOL’s 8% funding rate shows healthy leverage demand from bulls.Solana’s native token SOL (SOL) surged 24.8%...

Solana network and DeFi activity suggest SOL price rally will continue


Key takeaways:Solana's $10.9 billion TVL surpassed the entire Ethereum layer-2 ecosystem.Solana’s 30-day fee revenue ($43.4 million) rose 109% compared to the previous month.SOL’s 8% funding rate shows healthy leverage demand from bulls.Solana’s native token SOL (SOL) surged 24.8%...

Pi Network Token Rockets into Top 20 After Massive Price Surge


Pi Network’s token experienced a significant surge, briefly entering the top 20 digital assets after rising over 72% in less than 48 hours. This rally occurred just before a major ecosystem announcement scheduled for May 14. Upcoming Pi Network Ecosystem Announcement Fuels Rally On May 12,...

Is Pi Network dead? What really went wrong behind the hype


What Pi Network promised When Pi Network first hit the scene in 2019, it had a simple but compelling pitch: What if you could mine cryptocurrency straight from your phone — no expensive gear, no massive electricity bills, just a tap a day on an app?It...

Is Pi Network dead? What really went wrong behind the hype


What Pi Network promised When Pi Network first hit the scene in 2019, it had a simple but compelling pitch: What if you could mine cryptocurrency straight from your phone — no expensive gear, no massive electricity bills, just a tap a day on an app?It...

Solana lacks ‘convincing signs’ of besting Ethereum: Sygnum


Solana has yet to show convincing signs that it could surpass Ethereum as the preferred blockchain for institutions, as its revenue, heavily reliant on memecoins, is considered unstable, according to crypto bank group Sygnum.In a May 8 blog post, Sygnum said that the current sentiment around...

Bitcoin accepted at fast food chain Steak ’n Shake from May 16


American fast food outlet Steak ‘n Shake has announced it will begin accepting Bitcoin as payment at all locations starting on May 16.The firm said on X on May 9 that it was making the cryptocurrency available to more than 100 million customers, adding that “the movement is just...

Metaplanet is raising another $21M through bonds to buy more Bitcoin


Fresh off its most recent Bitcoin purchase, Japanese investment firm Metaplanet is raising more funds through another bond issue to expand its growing crypto treasury.Through a $21.25 million issue of “0% Ordinary Bonds,” all the “funds raised will be allocated to the purchase...

Is Ripple’s Hidden Road deal part of a SoftBank-like playbook?


Ripple has made a slew of acquisitions to control key transaction rails and route them through XRP and its stablecoin, Ripple USD (RLUSD), drawing comparisons to Japanese investment firm SoftBank. The $1.25-billion acquisition of Hidden Road on April 8 allows Ripple to use RLUSD as collateral...

Revolut to Enhance Bitcoin Lightning Infrastructure in Europe via Lightspark


Lightspark has announced a new partnership with Revolut to enhance payment infrastructure using the bitcoin network in the UK and select European countries. This collaboration aims to eliminate delays and high network fees associated with traditional payment systems, enabling seamless transactions...

Over 1,000 PlayStation Games Are Just $20 Or Less In Massive Sale


Are you looking for a new video game to play on your PlayStation 5, PS5 Pro, or even your aging PS4 console? Do you not want to spend more than, like, $20 bucks? Well, today is your lucky day. Sony is running a massive PSN sale focused on $20-or-less video game deals. Read more

Ethereum’s Pectra network upgrade goes live: What to expect


Ethereum — the network that unleashed smart contracts on the world — moves on to the next chapter with today’s Pectra upgrade, but what does it mean?Pectra is scheduled to go live on Ethereum mainnet at the start of epoch 364032, May 7, 2025, at about 10:00 am UTC. The three...

Ethereum’s ‘Pectra’ network upgrade goes live: What to expect


Ethereum — the network that unleashed smart contracts on the world — moves on to the next chapter with today’s Pectra upgrade, but what does it mean?Pectra went live on the Ethereum mainnet at the start of epoch 364032, May 7, 2025, at about 10:00 am UTC. The three main...

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