Category: crypto

Pi Network is nearing its mainnet v23 launch following a successful Testnet 1 phase that processed millions of transactions with minimal failures. This boosted investor confidence and increased PI price by over 3.5% in 24 hours. The network is also collaborating with OpenMind to handle decentralized AI workloads.

Crypto funds experienced $1.17 billion in outflows for the second consecutive week, with the majority coming from U.S. products. Bitcoin and Ethereum saw significant withdrawals, while Solana and other altcoins attracted inflows. Short Bitcoin ETPs gained $11.8 million, indicating a bearish sentiment in the market. European investors showed more confidence than U.S. investors.

Hacken has introduced the Yield Risk Score (YRS) framework to assess security, financial logic, and systemic risk in crypto yield products, giving investors a reliable measure of sustainability in volatile markets. The YRS evaluates protocols across three dimensions and aims to address a $49 billion blind spot in the industry caused by high-profile failures.

The price of Dogecoin is increasing ahead of the anticipated launch of Bitwise’s DOGE ETF at the end of the month. Speculation suggests that the ETF could debut within the next 20 days, potentially marking a significant milestone for the memecoin. Despite excitement, reaching $2.20 remains uncertain due to resistance and limited momentum.

Investors are losing confidence in Trump Media stock after a reported third-quarter loss of $54.8 million. The stock has declined 70% from its previous high, and its recovery depends on revenue growth, Bitcoin accumulation, and operational stability. Despite losses, the company holds $3.1 billion in Bitcoin, which could boost its stock price.

Chinese scammer Zhimin Qian, accused of operating a multi-billion-dollar Ponzi scheme, is expected to receive up to 14 years in prison in the UK. Qian, who defrauded over 128,000 victims, fled China in 2017 and was recently arrested. UK authorities seized 61,000 BTC from her, the largest cryptocurrency recovery in British history.

South Korea’s top financial holding companies are partnering with tech giants like Naver, Kakao, and Samsung to launch stablecoin projects. Regulators are preparing to submit the country’s first stablecoin bill by the end of the year. Stablecoin transaction volumes in South Korea have already reached over $41.15 billion.

CFTC acting Chairman Caroline Pham is working to launch leveraged spot crypto trading by December, holding talks with regulated exchanges. Trump nominee Mike Selig is set to replace Pham permanently. Pham aims to bring leveraged spot trading onto regulated U.S. exchanges to enhance oversight and investor protection.

ZK Casino has reappeared with an update on refunds for users affected by its collapsed project. About 35% of users have received partial refunds, with more expected next week. Larger withdrawals require identity checks. The project, initially a scam, has faced heavy criticism and legal issues. Recovery progress is slow and uncertain.

Ledger is getting ready for a strategic shift due to rising demand for secure digital asset storage. The company is considering a New York IPO or fundraising in 2026. Recent product updates sparked debate over fees and direction. Ledger is experiencing increased hardware wallet sales amid a rise in crypto hacks.