Trading Signals News & Guides

Pi Network is launching a $100 million venture fund to foster the growth of startups flourishing within its ecosystem. The fund aims to increase real-world utility and adoption of its services and boost the demand for Pi tokens, backing projects that integrate the tokens or use Pi Network technology. This approach differs from traditional venture capital firms by focusing on value creation rather than solely on profits.

Messaging app Telegram has shut down multiple channels associated with suspected Chinese crypto-criminal marketplaces, such as Xinbi Guarantee and Huione Guarantee following a report by blockchain analytics firm, Elliptic. The encrypted platforms have allegedly processed billions in illicit transactions, providing tools for money laundering, crypto scams, intimidation and sex trafficking. The report highlights a broader issue of industrial-scale fraud in Southeast Asia, attracting victims under false pretenses and forcing them into illegal activities.

Bonk crypto experiences a significant price dip as profit taking impacts bullish momentum. The Solana memecoin, along with Bitcoin and Ethereum, sees minor losses as markets react to fresh US inflation data. Despite recent declines, Bonk may be poised for a bounce back, mirroring overall market trends and growth within the Solana ecosystem. The article provides detailed insights into Bonk’s market performance and its potential for future growth.

SOL Strategies partners with ASX-listed DigitalX for staking Solana holdings via BitGos institutional custody platform. This partnership aligns with DigitalX’s goal to expand Solana exposure and underlines SOL Strategies’ increasing appeal to institutional clients. The news follows SOL Strategies’ listing on Superstate’s platform, Opening Bell, marking a move towards integrating public markets with digital assets.

German authorities have seized a major crypto exchange, eXch, confiscating $38 million in tokens and vast volumes of data in one of the largest anti-crypto laundering operations. This action reveals the serious endeavors undertaken by law officials towards various alleged illicit activities within the crypto world, emphasizing the growing need for authentic user identification and robust anti-money laundering measures.

Ether is on track for its biggest weekly gain since May 2021. The rally is being fueled by Ethereum’s Pectra upgrade, major short squeeze, and a spike in mega-whale accumulation. Technical patterns indicate the potential for a 40% surge towards $3,400. Market developments, such as the announcement of a new trade deal between the US and UK, are also boosting sentiment in the crypto market.

Vector Smart Chain introduces a $4 flat rate gas fee model ensuring predictable costs and enhancing network security. Along with this, former CitiGroup executive, Peter Ritchie, has been appointed as Strategic Finance Executive Consultant. This major move comes as VSC focuses on strengthening its integrations with institutional and enterprise clients, while working towards achieving carbon-neutral status.

Ripple Labs and the US SEC have reached a settlement on a lengthy legal battle. The deal involves a $50 million penalty, a part of the initial $125 million fine. The agreement emerges amidst a reversal in the SEC’s stance on crypto investigations under the new leadership of Paul Atkins. The news boosted XRP value by 9% as Ripple maintains silence on the development.

Explore the unrealized potential of using CPUs for AI tasks: they are abundant, underused, and can handle a significant portion of AI workloads efficiently. As the demand for AI grows, decentralized networks could route AI tasks to CPUs, saving time and resources.

Alex Mashinsky, founder of the now-defunct Celsius Network, has been sentenced to 12 years in prison for fraud charges related to a scheme that deceived investors and led to the company’s collapse. He was ordered to forfeit $48 million and several real estate properties. The company’s fall resulted in losses amounting to billions for its over 100,000 creditors. This case exemplifies the need for proper regulations and the application of existing anti-fraud rules in the growing digital assets market.

Bitcoin’s price goes above $100,000, boosting stocks linked to cryptocurrency including Coinbase and Bitcoin miners Mara and Riot. This surge is influenced by President Donald Trump’s announcement of a trade agreement between the U.S. and U.K with optimism for more deals. Bitcoin had previously reached a record high of around $109,000 ahead of Trump’s inauguration due to favourable crypto policies. Today’s rally marks a significant recovery from the low of $76,000 in early April.

Bitcoin lending platform Strike has issued over $10 million in loans within days of its launch. The platform allows Bitcoin holders to use their BTC as collateral for loans, aiming to evolve Bitcoin into a mature investment product. The current lending rates remain high due to the early stage of the Bitcoin lending market, but there is a commitment to reduce rates over time.