PiDaoSwap, Trump Media, & Grayscale
Several large tales and developments have occurred within the crypto house this week, together with improvements within the Pi Network ecosystem, Grayscale updating its checklist of investible altcoins, and Donald Trump’s crypto play.
In case you missed these developments, amongst others, the next is a roundup of what occurred in crypto this week.
Pi Network Introduces PiDaoSwap
Pi Network took a key step in decentralized finance (DeFi) this week, revealing the event of PiDaoSwap. This community-driven decentralized change (DEX) is designed to counter worth manipulation.
PiDaoSwap goals to stabilize Pi Coin’s worth and improve belief inside its ecosystem by guaranteeing truthful buying and selling mechanisms.
“Once completed, the Pi price will be reflected at its true value and will no longer be manipulated by current external exchanges,” Pi Network VietNames claimed.
Another constructive improvement within the Pi Network ecosystem this week is the mixing with Telegram’s crypto pockets. This transfer may present entry to as much as one billion customers and develop the controversial challenge’s mainstream adoption.
While this transfer displays Pi Network’s rising affect, questions round decentralization and change listings proceed to loom giant. Specifically, the Pi Network stays underneath scrutiny on account of issues about its centralization, significantly its SuperNodes.
Critics argue {that a} closely centralized community undermines the core ideas of blockchain expertise. Adding to the controversy, analysts have identified that Pi Network’s absence from main exchanges like Binance and Coinbase stems from issues over its operational transparency.
Another scorching headline this week in crypto was Trump Media’s announcement of a partnership with Crypto.com. The collaboration lays the groundwork for launching new ETFs (exchange-traded funds) based mostly on Cronos, Bitcoin, and different property.
The report impressed an almost 20% surge within the Cronos (CRO) token, the powering token for the Crypto.com ecosystem. This collaboration added to the checklist of notable shifts as Trump’s media enterprise embraces cryptocurrency.
However, blockchain investigator ZachXBT raised issues about Crypto.com’s token manipulation practices, souring sentiment for this partnership. Citing its re-issuance, the blockchain sleuth prompt the change might interact in opaque monetary maneuvers.
Despite these issues, Crypto.com emerged unscathed because the US SEC (Securities and Exchange Commission) concluded its investigation with out submitting any costs.
“The SEC’s investigation into Crypto.com has been closed with no action being taken against Crypto.com. I continue to be proud of how this industry and its community have weathered storm after storm… The fact that we not only persevered but became stronger is a testament to our vision and the community supporting it,” wrote Kris Marszalek, CEO of Crypto.com.
The announcement led to a notable bounce in CRO’s worth, reaffirming investor confidence within the change regardless of earlier regulatory scrutiny.
BeInCrypto information reveals CRO was buying and selling for $0.11 as of this writing, up by over 4% within the final 24 hours.
GameStop’s Bitcoin Announcement
GameStop, the once-legendary meme inventory, additionally made headlines this week in crypto. It introduced an replace to its funding coverage, revealing that it had added Bitcoin as a Treasury Reserve Asset. In the quick aftermath of this announcement, the corporate’s inventory costs jumped 12% earlier than revenue reserving set in.
While this might have been a bullish catalyst, Bitcoin’s worth remained largely unmoved. Analysts recommend the announcement lacked essential particulars to set off pleasure and provoke a major market response.
“The announcement lacked key details —most importantly, how much Bitcoin they’re actually buying. While they’re sitting on about $4.8 billion in cash, we’ve seen no indication of what portion, if any, will be allocated to BTC,” Mati Greenspan, Founder and CEO of Quantum Economics, instructed BeInCrypto.
Further, the value influence for BTC was muted, on condition that Bitcoin funds have gotten extra widespread amongst retailers.
Grayscale Updates Investment List
Adding to the checklist of what occurred this week in crypto, Grayscale up to date its checklist of investable altcoins for Q2 2025. The institutional crypto asset supervisor added three new tokens, Maple Finance (SYRUP), Geodnet (GEOD), and Story Protocol (IP), to its prime 20 crypto investments.
“…We believe the revised Top 20 list may offer more compelling risk-adjusted returns for the coming quarter,” the agency defined.
This transfer displays the corporate’s ongoing technique to diversify its holdings and establish rising digital property with robust progress potential. At the identical time, it truncated three altcoins from the identical list- Akash Network (AKT), Arweave (AR), and Jupiter (JUP).
Binance Embraces Studio Ghibli Meme Coins Frenzy
Elsewhere, a brand new meme coin craze emerged this week in crypto, drawing inspiration from the beloved Studio Ghibli model. Binance Alpha responded to the development by itemizing two Ghibli-themed tokens, Ghiblification and GhibliCZ.
These tokens have gained speedy traction as a part of a broader wave of AI and pop culture-driven crypto hypothesis. The Ghibli meme coin phenomenon follows a sample in earlier meme-inspired tokens, the place hype and social media engagement drive worth motion greater than precise utility.
While some merchants see alternatives for fast positive aspects, others warning in opposition to speculative bubbles that would result in speedy market corrections. Nevertheless, Binance’s involvement displays how main exchanges capitalize on trending narratives to draw buying and selling quantity.
This technique, which continues to form the DeFi house, has additionally drawn criticism as customers problem the itemizing requirements of centralized exchanges (CEXs).
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