Daily Crypto News

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Pi Network v23 delayed upgrade, Pi coin falls out of the top 50 by market cap

Pi Network’s Protocol23 (v23), originally scheduled for release on 5/15, saw the core team say on 5/20 that it is still being upgraded. The update involves changes across multiple systems and the restructuring of internal data, with no confirmed completion time yet. It also announced a standalone ecosystem update, Pi App Studio, which will allow non-technical applications to connect via an AI platform to 60 million users, in parallel with v23. PI’s price fell from a 0.175 peak to a 0.145 low, and is currently hovering around 0.15. Its market cap dropped out of the top 50, down 13% over the past two weeks. OKX’s announcement of a U.S. listing did not trigger a rebound.
PI-0.55%
MarketWhisper·14h ago
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Gate Daily Report (May 25): CFTC officials questioned prediction markets before being suspended; Bitmine listed among the Russell 1000 candidate names

Bitcoin (BTC) rebounded from the weekend low, temporarily around $77,240 as of May 25. A New York Times investigation found that U.S. Commodity Futures Trading Commission (CFTC) officials who questioned the prediction market were suspended and sidelined. Bitmine increased its holdings of Ethereum to a total of 5.3 million ETH, and revealed it has been added to the Russell 1000 index candidate list. Macroeconomic Events & Crypto Hot Spots 1、According to a CoinTelegraph report citing a New York Ti
BMNR-3.62%
BTC1.16%
ETH1.29%
MarketWhisper·14h ago
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Gate Daily Report (May 22): US lawmakers propose the “US Reserve Modernization Act”; Harvard University sells all of its Ethereum holdings

Bitcoin (BTC) is seeing a slight rebound in the short term, currently around $77,530 as of May 22. A U.S. congressman has proposed the “U.S. Reserve Modernization Act,” aiming to lock Bitcoin as a long-term reserve asset for at least 20 years. According to a filing submitted by Harvard Management Company to the U.S. Securities and Exchange Commission (SEC), it sold all of its Ethereum positions just one quarter later. Macro Events & Crypto Hotspots 1、According to Bitcoin News, U.S. Representativ
ETH1.29%
BTC1.16%
HYPE-2.12%
MarketWhisper·05-22 01:34
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Gate Daily Report (May 21): The U.S. SEC Chair seeks public comments on predicted-market ETFs; SpaceX discloses it holds 18,712 BTC

Bitcoin (BTC) rebounded from this week’s low, temporarily around $77,880 on May 21. The Chair of the U.S. Securities and Exchange Commission (SEC) is seeking public input on prediction-market ETFs. In its S-1 filing, SpaceX disclosed that it holds 18,712 BTC, currently worth approximately $1.45 billion. Macro Events & Crypto Hot Spots 1、Bloomberg ETF analyst Eric Balchunas wrote on X that the Chair of the U.S. Securities and Exchange Commission (SEC) is seeking public input on prediction-market
BTC1.28%
MAPO-18.34%
ETH1.29%
HYPE-2.12%
MarketWhisper·05-21 01:33
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Gate Daily Report (May 20): CFTC sues Minnesota over prediction market ban; Japan allows foreign trust-based stablecoins

Bitcoin (BTC) continues a weak trend, temporarily trading at around $76,820 as of May 20. The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit over a Minnesota state-level bill that clearly bans prediction markets in the state. Japan will allow foreign trust-based stablecoins to enter its payment system starting June 1. Macro events & Crypto hot spots 1、According to a report by The Block, the U.S. Commodity Futures Trading Commission (CFTC) and the Department of Justice have
BTC1.16%
KALSHI-5.74%
HYPE-2.12%
MarketWhisper·05-20 01:36
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Bitcoin Falls 8.1%, Ethereum Drops 10.2% Last Week as Inflation Pressures Weigh on Markets

According to Gate Ventures' latest weekly report, Bitcoin and Ethereum fell sharply last week amid global inflation pressures and rising energy prices. BTC declined 8.1% while ETH dropped 10.2%, with spot Bitcoin ETF recording $1 billion in net outflows. Institutional investors have accelerated
BTC1.28%
ETH1.29%
LINK1.54%
GateNews·05-19 09:34

Echo Protocol Exploited for $77M; Crypto Funds See $1B Outflows

Three significant developments shaped cryptocurrency markets this week. On Tuesday, decentralized finance protocol Echo Protocol was exploited after an attacker minted approximately 1,000 unauthorized eBTC on the Monad blockchain, worth around $76.7 million, according to blockchain security firm
ECHO2.17%
MON3.91%
GS0.84%
WBTC1.56%
EthanBrooks·05-19 09:07

Gate Daily Report (May 19): The SEC will issue a tokenized stock “innovation exemption” rule as early as this week; Echo Protocol suffers a hacker attack

Bitcoin (BTC) rebounded slightly from the overnight low, trading around $76,840 as of May 19. Bloomberg reported that the U.S. Securities and Exchange Commission (SEC) may issue as early as this week an “innovative exemption” rule for tokenized stocks. Echo Protocol suffered an attack on the Monad chain; after hackers minted 1,000 eBTC, they withdrew funds via Curvance. Macro Events & Crypto Hotspots 1、According to Bloomberg, insiders revealed that the U.S. Securities and Exchange Commission (SE
ECHO2.17%
BTC1.16%
MON3.91%
MarketWhisper·05-19 01:44
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