The PI Foundation has launched PI Network Ventures, a $100 million fund to support startups that integrate PI tokens into practical, real-world use cases.The initiative, announced on May 14th, aims to promote adoption within the PI ecosystem and long-term growth within the PI ecosystem by targeting businesses beyond the traditional Web3 space.The foundation said the venture will be “a large portion of the investment directly in the form of PI.” These tokens come from the 10% reserve reserve reserve reserve for ecosystem development.Speaking about this, Nicolas Kokkalis, co-founder of PI, said the fund is in line with the network’s broader…
Author: ₿e Proud
just 2 years after the launch of chat GPT generative AI has changed everything everything changed Everything’s changed now everyone and their Grandma knows what a large language model is every software company Under the Sun has rebranded as AI powered and a global race for compute power is underway AI is creating winners of those who can keep up and losers of those who can’t and if you want to win then you need to understand AI agents the next evolution of AI systems that are quickly replacing chatbots as the face of artificial intelligence if you’re not an…
Binance Research has just released a report on the Defai sector, detailing the main trends in this prominent region. We will discuss four important areas. All of these are directly related to AI agents. The report shows that meme coins dominate AI crypto market share, but defai is growing rapidly. Binance Research Study defai Focusing on Binance’s research, ARM regularly compiles insightful research into the current state of the industry. Today, Binance Research published a report on Defai, calling it the future of on-chain finance, so the trend continued. “The integration of artificial intelligence into encryption is rapidly moving from…
PI has fallen 17% in the last 24 hours, falling below $1 despite the PI Foundation’s announcement of a $100 million startup fund. The newly launched PI Network Ventures aims to enhance real-world adoption by investing in companies that integrate PI into the AI and FinTech sectors. The initiative has sparked ecosystem excitement, but technical indicators are flashing warning signs. The momentum is weakened with several signals, suggesting that profits could potentially lead to wider revisions already ongoing. PI Network launches a $100 million fund as momentum shows signs of slowing down After launching the hype, the PI Foundation launched…
It’s been a month since Solana revealed her confidential balance. This is an extension set that adds a new confidentiality tier to asset owners and token issuers. This move is similar to efforts to enhance privacy capabilities without sacrificing the required compliance. Beincrypto consulted Pat Zhang, Woo X’s research director, to analyze how these latest developments impact user recruitment and the broader Solana ecosystem. Confidential Balance: Solana Privacy Upgrade In April, Solana extended a special extension developed under the Token2022 program. This latest development has been renamed Confidential Balances and upgrades the level of confidentiality that users can access beyond…
Editorial Note: The following content does not reflect Beincrypto’s views or opinions. It is provided for informational purposes only and should not be interpreted as financial advice. Do your own research before making an investment decision. According to the official announcement, the chain burns of Gatetken (GT) in the first quarter of 2025 have been completed successfully. A total of 1,542,910.7518074 GT has been transferred to a burn address, with its value exceeding $33.84 million. View transaction details in a chain As utility tokens and gas fees tokens on Gatechain, GT plays a fundamental role in powering the network’s core…
Sandeep Nailwal, co-founder of Polygon, flagged the nasty rise of Deepfark scams using his caricatures to deceive the founder of the code. Polygons are one of the largest Ethereum Layer 2 networks.In a May 13 social media post on X, Nailwal said several individuals recently reached out to see if they spoke on Zoom.However, he was not involved in those meetings as the scammers gained trust using his operating videos and tricked them into installing harmful software.How scammers workNailwal said the scam started with a compromise on the Telegram account belonging to Shreyansh Singh, who leads Polygon Ventures.From there, the…
Bitcoin (BTC) has strengthened its confidence in its prediction that it will soon set a new all-time high (ATH) with an increase of over $100,000. Based on data on the chain, accumulation trends and market sentiment, there are some persuasive reasons to believe that Bitcoin could reach a new peak. In this article, we will analyze five important reasons to support that prediction. 5 Reasons to Drive Bitcoin towards a New ATH in May The first reason is the accumulation of whales during May. GlassNode data shows that wallets of all sizes are actively accumulating BTC. GlassNode’s “Trend Accumulation Scores…
XRP has recently seen an impressive rise, with Altcoin turning the USDT overturning and winning the world’s third largest cryptocurrency title. With Altcoin’s market capitalization reaching $154 billion, XRP is now half the valuation of Ethereum. However, despite bullish sentiment, the uptrend is not strong enough, and Altcoin is now approaching the terms of acquisition. If momentum recovers, XRP can repeat the powerful price action seen in 2024. The XRP market queue has not yet gained strength The relative strength index (RSI) of XRP is currently located at 69.23, just below the important 70.0 threshold that indicates excessive conditions. Historically,…