Pi Network News and PI Price Update May 30
A closer look at some of the most important news for Pi Network this week and an update on its price action. The past seven days saw Pi Network’s native cryptocurrency move more or less in line with the…
JPMorgan CEO Jamie Dimon takes aim at the Clarity Act over crypto deposit risks
JPMorgan Chase CEO Jamie Dimon has said banks will oppose the Clarity Act unless lawmakers change provisions that he says give crypto firms bank-like powers without bank-level safeguards. Summary Jamie Dimon said banks will oppose the Clarity Act unless lawmakers…
CFTC Approves Kalshi’s BTCPERP, First Regulated U.S. Bitcoin Perpetual
The U.S. Commodity Futures Trading Commission (CFTC) on May 29 approved KalshiEX, LLC to list BTCPERP, a bitcoin perpetual futures contract that Kalshi calls the first perpetual product brought onto a regulated derivatives exchange in the U.S. The decision was…
Visa Invests in Replit to Bring Secure Payments Into AI Agents and Apps
Key Takeaways Visa invested in Replit to bring secure payments into AI-built apps and agents. Over 1,000 Visa employees use Replit, signaling growing enterprise AI adoption. Replit plans Visa Trusted Agent integration, enabling autonomous software payments. Replit Expands Enterprise Sales…
SpaceX Pre-IPO Market Flash-Crashes 45% on Hyperliquid (UPDATED)
The risks of trading pre-IPO markets were highlighted in the most recent SpaceX flash crash. Through HIP-3, Hyperliquid enables independent builders to construct markets that tap into the exchange’s existing architecture and liquidity. This has made it possible for…
Prediction markets draw Wintermute as crypto firms chase liquidity
Wintermute has entered prediction markets as a liquidity provider, bringing professional market-making capacity to a sector that has grown into a major venue for trading real-world event risk. Summary Wintermute will provide two-sided liquidity across prediction market platforms, helping improve…
Spain’s National Police Dismantle Violent Crypto-Robbery Ring Linked to Tren de Aragua
Key Takeaways Spain’s National Police caught 6 Tren de Aragua members over a €1.3M crypto theft, with 3 jailed next. Harming market safety, Tren de Aragua stole €1.3M in crypto, forcing Spain to next prosecute 6 suspects. Following 2024 OFAC…
Sui Network Hit by Fresh Outage Months After Previous Six-Hour Downtime Incident
Sui experienced its second network stall in five months on May 28. Sui Network has restored operations after a disruption that kept its blockchain offline for nearly six hours on Thursday. The Layer 1 network said the issue was…
DTCC Expands Tokenization Push to Stellar as Market Infrastructure Tests Public Blockchains
The Depository Trust & Clearing Corporation (DTCC) and the Stellar Development Foundation announced on May 27 a plan to enable the tokenization of assets custodied by The Depository Trust Company (DTC), a DTCC subsidiary, on the Stellar network, with deployment…
Pi Network price consolidates at $0.14 as CiDi Games’ beta app attracts more than 81,000 users
Pi Network’s PI token is consolidating near $0.14 after an April rally, with thin liquidity and IOU listings keeping volatility elevated as traders eye key support and resistance levels. Summary PI trades around $0.14 with a tight 24 hour range…
