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Cardano Network and its founder Charles Hoskinson have already made their big bet on BitcoinDeFi by revealing the Cardinal Protocol on Monday. Now, in a bid to expand and penetrate into it further, Charles shared the other line of focus and products he is working on and further developing. In a X appearance, Charles Hoskinson
The post After Cardinal, Charles Hoskinson Reveals the Next Focus and Products in Line appeared first on CoinGape.
Thailand’s Securities and Exchange Commission (SEC) is taking a significant leap towards embracing cryptocurrency investment. On Wednesday, the SEC announced…
Bybit, one of the world’s leading centralized crypto exchanges, is preparing to enter the decentralized finance (DeFi) space with the launch of Byreal, its first on-chain trading platform.
The platform will go live on the Solana network, with its testnet debut set for June 30 and the mainnet launch expected in the third quarter of this year.
According to the exchange, the new platform is part of its broader ambition to bridge the gap between centralized and decentralized trading.
Byreal aims to offer users a seamless experience with CEX-level liquidity, rapid execution, and low slippage, all while preserving the transparency and autonomy native to DeFi.
Byreal incorporates features like Request for Quote (RFQ) and Concentrated Liquidity Market Maker (CLMM) routing to achieve this.
These tools are designed to shield users from maximal extractable value (MEV) attacks and provide more efficient price execution.
Byreal will also roll out innovative features to improve user access and token distribution. These include the “Reset Launch” mechanism, which uses Smart Price Laddering and the Faishare Engine to ensure fairer token allocations.
Additionally, the DEX will include a Revive Vault, offering curated yield opportunities for assets such as bbSOL and other Solana-based tokens.
Bybit CEO Ben Zhou described Byreal as a critical step in the company’s vision of hybrid finance—an emerging model that combines the advantages of centralized and decentralized exchanges.
Bybit’s move sets it apart from competitors like Coinbase and Kraken, which have concentrated efforts on Layer 2 solutions. Instead, Bybit is positioning Byreal to go head-to-head with leading DEX platforms such as Uniswap, PancakeSwap, and Hyperliquid.
Notably, the timing aligns with renewed interest in decentralized trading activities, which grew by more than 15% over the past week.
Meanwhile, Byreal reflects Bybit’s renewed focus on strengthening its core products, following the $1.4 billion security breach in February.
Beyond crypto, the exchange recently expanded its product suite to include US equities, commodities, and index trading.
The post Bybit is Launching a Decentralized Exchange on Solana appeared first on BeInCrypto.
The post Pi Network Founder Slammed as ‘Scammer’ for Defending Price Crash; He Responds appeared first on Coinpedia Fintech News
The cryptocurrency market has been struggling lately, and Pi Network is no exception. The price of Pi Coin recently dropped below $0.50, even testing $0.47 before making a slight recovery. At the time of writing, Pi is trying to hold above $0.50, which has become an important support level.
But it’s not just Pi facing tough times. Major cryptocurrencies like Bitcoin and Ethereum also took a hit as tensions between the U.S. and Iran increased. Bitcoin even fell below $100,000 for the first time in months.
As Pi’s price continued to drop, Pi Network founder Dr. Nicolas Kokkalis took to social media to address worried investors, known as Pioneers. He assured them that this is just a temporary market phase, not a permanent crash.
However, not everyone was convinced. One frustrated user commented, “Are you a scammer or a fraud? Does Pi fall every day? Support Pi and raise it.”
To this, Dr. Kokkalis replied, “Do you know about crypto? Why are other cryptos going down?”
But the user wasn’t satisfied and said, “Since I bought Pi, it has been falling. I’ve seen 3 ups and 5 downs. I have no confidence in Pi anymore. I will cut my losses and won’t invest in companies like yours.”
Currently, Pi Coin is under pressure. Experts say it will need a positive market shift to rise above $0.60. Crypto analyst Dr. Altcoin predicted that Pi is now firmly in the $0.40 range and might stay there until the end of August. He also said that the upcoming Pi Day 2 event is unlikely to push the price higher.
The post Pi Network Founder Slammed as ‘Scammer’ for Defending Price Crash; He Responds appeared first on Coinpedia Fintech News
The cryptocurrency market has been struggling lately, and Pi Network is no exception. The price of Pi Coin recently dropped below $0.50, even testing $0.47 before making a slight recovery. At the time of writing, Pi is trying to hold above $0.50, which has become an important support level. But it’s not just Pi facing …