On May 2, 2025, at 9:25 AM PST, the TRON DAO X account was compromised following a social engineering attack on a team member. The attacker posted a contract address, sent direct messages, and followed various accounts. This breach emphasizes the dangers of social engineering, as it allowed the unauthorized party to manipulate the account. TRON DAO X is currently investigating the incident and working on measures to enhance security moving forward.
Dragonchain’s DRGN rallied 115% today after the SEC dropped its 2022 lawsuit regarding securities violations. Walt Disney launched the project in 2014 and later converted it into an open-source blockchain.
The network combines private and public blockchain elements, allowing businesses to keep sensitive data private while leveraging public blockchains for verification. This design supports compliance with regulations like GDPR and HIPAA.
What is Dragonchain?
Dragonchain began as the “Disney Private Blockchain Platform,” developed by a team led by Joe Roets at Disney’s Seattle office. In 2016, Disney released the project as open-source software.
Following this, Roets and his team established the Dragonchain Foundation and Dragonchain Inc. to further develop and commercialize the platform. Since then, Disney has not been affiliated with the project.
The blockchain became extremely popular in 2016 because of its hybrid architecture and interoperability. Through its patented Interchain technology, Dragonchain enables integration with other blockchains such as Bitcoin and Ethereum, as well as legacy systems and APIs.
Dragonchain introduced disruptive blockchain innovation at a time when networks like Solana and Layer-2 didn’t exist. It demonstrated high transaction throughput, processing over 250 million transactions in 24 hours during a live demonstration in 2020.
Most notably, it was ahead of its time. The platform introduced quantum-resistant encryption methods to protect data against future quantum computing threats.
The SEC Lawsuit and $1 Billion Loss
The Walt Disney Corporation is not normally known for its Web3 endeavors, but it has shown interest in several sectors over the last few years.
When Disney controlled the project, it had no cryptoasset element, focusing on pure blockchain infrastructure. Shortly after its independence, however, the firm’s developers launched DRGN.
In October 2017, Dragonchain Inc. launched the DRGN token through an Initial Coin Offering (ICO), raising approximately $13.7 million. By January 2018, DRGN’s market cap surged to $1.3 billion.
In 2022, the SEC filed a lawsuit against Dragonchain, focusing on the ICO and alleging unregistered securities offerings. The DRGN token was central to the charges. This marked the beginning of a legally volatile period for the project.
Finally, today, on April 25, 2025, the SEC dropped the lawsuit as part of its wider efforts to reduce crypto enforcement.
The Seven Years’ Wandering finally draws to its close. We were never lost—only laying the ground. Tomorrow, we begin to raise what was always meant to stand.
The announcement sparked a rally in the DRGN market and renewed optimism within the project’s community. The token is up by 115% today and 180% since last week.
Over the last several weeks, Dragonchain’s social media presence has focused on both its blockchain utility and the SEC dismissal.
Dragonchain (DRGN) Price Chart in a Week. Source:
Although the crypto ecosystem has evolved significantly since the lawsuit began, Dragonchain continues to maintain its original commitment to enterprise use cases. It has resisted being labeled as a meme coin and instead emphasizes its enduring focus on practical blockchain applications.
Pending when an XRP ETF product is launched, the Cryptocom exchange has launched a product to boost its trading. As revealed, the platform has introduced strike options for XRP. Notably, this will allow users to predict the coin’s price movement within a 20-minute window. Cryptocom Unveils Strike Options For XRP Cryptocom has officially launched strike options for XRP. According to the update, this will give traders the chance to predict the coin’s price movement in short timeframes. With just $10, users can place trades and potentially profit by simply answering “yes ” or” no ” to whether XRP will move beyond a specific price in 20 minutes. It is worth noting that these options offer high-risk, high-reward scenarios and are designed for fast-paced trading environments. The product allows early exit if the price moves in the trader’s favor before the contract ends, which adds a strategic element to the experience. … Read More at Coingape.com
Pi Network (PI) has recently faced a challenging period in its price action. After dipping below the $1 mark, the altcoin’s recovery appears to be losing momentum.
Unlike previous rebounds, current market conditions suggest that Pi Network might find it more difficult to regain the $1.00 price level.
Pi Network Is Losing Traction
The Average Directional Index (ADX) currently sits at 32, which is notably above the 25 threshold. This reading indicates that the prevailing trend is gaining strength. In this case, Pi Network’s trend is downward, reinforcing bearish sentiment among traders and investors.
Further evidence of this strengthening downtrend is visible through the Parabolic SAR indicator. The dots are positioned above the candlesticks, a classic signal that the price is likely to continue falling. Such technical indicators often prompt cautious trading behavior and can increase selling pressure.
Pi Network Parabolic SAR and ADX. Source: TradingView
Pi Network’s price has shown a weakening correlation with Bitcoin, currently measured at 0.25 and steadily declining. This low and falling correlation suggests that PI is starting to behave more independently rather than mirroring Bitcoin’s movements.
This decoupling is significant because Bitcoin recently set a new all-time high (ATH) and may continue to rise. However, Pi Network is less likely to capitalize on Bitcoin’s bullish momentum, given its diverging price dynamics.
The falling correlation implies that PI could struggle to follow Bitcoin’s upward trajectory.
Pi Network Correlation With Bitcoin. Source: TradingView
PI Price Aims For A Rally
At its current price of $0.77, Pi Network would need to rise approximately 28% to reach the $1.00 mark again. Given the indicators pointing to a strengthening downtrend and weakening correlation with Bitcoin, this price target seems ambitious in the near term.
Heightened bearishness may erode investor confidence, leading to increased selling. Should the price break below the critical support level of $0.71, Pi could face a further decline, potentially sliding down to $0.61. Such a drop would deepen the bearish outlook.
On the other hand, if broader market conditions improve, Pi Network might break through resistance levels at $0.78 and $0.87. Surpassing these points could invalidate the current bearish thesis and pave the way for a renewed push toward the $1.00 price target.
