Category: crypto

The Pi Foundation has launched Pi Network Ventures, a $100 million fund to support startups integrating the Pi token into practical use cases beyond Web3. The fund aims to boost adoption and drive growth within the Pi ecosystem by investing directly in Pi tokens. This initiative aligns with the goal of connecting decentralized technology with…

CFTC Commissioner Summer Mersinger will leave the agency on May 30 to become the Blockchain Association’s CEO on June 2. The association is pushing for legislative action on digital assets in Washington. Mersinger is known for advocating balanced digital asset policy and dissenting from enforcement actions. Industry leaders welcome her appointment.

JPMorgan successfully completed a pilot transaction bridging traditional finance and blockchain with Ondo Finance and Chainlink. This marked the first time Kinexys connected its permissioned blockchain network with a public chain, allowing for real-time settlement and reducing manual intervention. The test transaction used a Delivery versus Payment model to reduce settlement risk and improve liquidity.

France’s Interior Ministry will meet with key players in the crypto industry to address a rise in kidnappings targeting digital asset entrepreneurs. The meeting aims to improve security awareness and response strategies. Law enforcement is prepared to pursue attackers across borders. Recent incidents include an attempted abduction of a French crypto executive’s family and violent…

Coinbase CEO Brian Armstrong invited US Department of Government Efficiency (DOGE) employees to apply for roles at the crypto exchange after their current roles end. Armstrong described it as a new mission for public servants to improve financial systems at scale. The invitation comes as DOGE is set to conclude operations.

Sandeep Nailwal, co-founder of Polygon, warned about deepfake scams using his image to deceive crypto founders. Scammers compromised a Telegram account to set up fake Zoom meetings with manipulated videos. This incident highlights the growing threat of deepfake fraud in the crypto industry, with losses exceeding $200 million in Q1 2025. Nailwal advised caution and…

VanEck has launched VBILL, a tokenized fund offering exposure to short-term U.S. Treasuries across multiple blockchains. This move marks a significant step in the institutionalization of tokenized finance, bridging traditional finance and crypto. The fund is open to qualified investors only and offers frictionless liquidity pathways between yield and stablecoin markets.

Coinbase is preparing to release wrapped versions of XRP, Cardano, Dogecoin, and Litecoin on its Ethereum Layer 2 network, Base. These assets are not live yet, but will offer users lower fees, better liquidity, and access to DeFi tools. Coinbase’s cbBTC token has seen significant adoption and growth on Base.

A tech company with ties to China plans to invest up to $300 million in Bitcoin and the Trump-themed memecoin TRUMP, raising concerns about conflicts of interest and regulatory gaps. The company aims to raise funds through a private stock placement and could become a major holder of TRUMP tokens.

Authorities in Paris are investigating a criminal case after masked attackers tried to kidnap the daughter of a crypto CEO and her child in broad daylight. The incident was caught on video, showing the woman being forced into a van while her partner shielded their child. The motive and suspects are still unknown.