hodler

5 May 2026, 06:57

Pi Network eyes $0.20 as CEX deposits drop and upgrade hype builds

Bitcoin (BTC) and Ethereum (ETH) are currently bullish as the new weekly candle opens positive. This has spilled over to other leading altcoins, with Pi Network’s PI taking a breather from its recent selling pressure. PI is hovering above $0.1800 at press time on Tuesday after surpassing its 50-day Exponential Moving average (EMA) at $0.1782 over the weekend. The bullish price action is fueled by a drop in deposit rate on Centralized Exchanges (CEXs), together with the ongoing push for mainnet upgrades. CEX deposits cool down as the Core Team pushes for protocol 23 upgrade PI is up by nearly 2% in the last 24 hours and is now trading above $0.1800 per coin. The positive performance comes after the bulls ended the recent downward pressure caused by the supply unlock migrating to the mainnet. The unlock enabled users to deposit their PI token holdings on CEXs. Data obtained from PiScan revealed that 176,831 PI tokens were deposited over the last 24 hours, down from the 5 million PI token deposits reported on Friday. The decline in CEX deposits limits the available supply on exchanges and reduces downside pressure. Furthermore, the Pi Core Team is moving forward with the mainnet upgrade to protocol 23, with a deadline of May 15, after completing the protocol 22 upgrade on Friday. The team revealed that it intends to reach protocol version 26 before June 28, to bring smart contract functionality on the mainnet, which could unlock real-world utility for the PI token. PI gears up for a rebound towards $0.2000 The PI/USD 4-hour chart is bearish as PI has experienced selling pressure in recent weeks. At press time, PI is trading at $0.18081, above the 50-day EMA at $0.1782. However, the 200-day EMA at $0.2302 reinforces the prevailing medium-term bearish structure. Momentum signals are mixed on the 4-hour chart, suggesting that the bulls have not completely regained control of the market. The Moving Average Convergence Divergence (MACD) in slightly positive territory but at risk of a crossover below the signal line. In addition to that, the Relative Strength Index (RSI) is hovering above the neutral 50 level, suggesting a lack of decisive directional conviction despite modest underlying bid tones. If the recovery continues, the bulls would face immediate resistance at the $0.1836 4-hour swing high. A daily candle close above this pivot would be needed to ease near-term downside pressure. If the rally persists, the March 21 high at $0.2041 and the 200-day EMA at $0.2302 stand as more substantial barriers. However, if the selling pressure resumes, the 50-day EMA at $0.1782 would serve as the first major support level. The crucial support for PI remains at the April 13 low at $0.1633, followed by the February 23 low at $0.1556. The mainnet upgrades could be the major catalysts behind PI’s rally over the next few days and weeks. The post Pi Network eyes $0.20 as CEX deposits drop and upgrade hype builds appeared first on Invezz

5 May 2026, 06:30

From Rebels to Banks: Why the Crypto Industry Is Finally Embracing Legacy Finance

Spencer Bogart, general partner at Blockchain Capital, noted that while years ago fintech companies aimed to be bank-like but not banks, this trend has now reversed, with over 20 companies pursuing Office of the Comptroller of the Currency (OCC) charters in 2026. Key Takeaways: Blockchain Capital’s Spencer Bogart notes over 20 crypto firms now seek

5 May 2026, 06:26

Polygon introduces private stablecoin payments to court institutions

Polygon has introduced a private stablecoin payment feature designed to meet institutional requirements for confidential on-chain transactions. According to a statement released by Polygon, the new wallet capability allows users to route transfers through a shielded pool , with transaction validity confirmed using zero-knowledge proofs as part of an integration with privacy protocol Hinkal. The system allows funds to move without exposing counterparties or transaction amounts on public ledgers, while still preserving verifiability. Privacy layer targets institutional flows Polygon community lead Smokey said on X that “for onchain payments to go mainstream, businesses need privacy,” adding that the requirement centers on operational confidentiality rather than avoiding regulatory oversight. Polygon added that “confidentiality has been the single biggest gap between on-chain rails and what institutional finance actually needs to move serious stablecoin volume,” arguing that financial firms already operate with protected transaction data in traditional systems. In its explanation, Polygon said institutions such as banks and treasury teams are unlikely to move operational flows to public ledgers that expose counterparties and transaction sizes, describing its approach as “privacy means opacity to the market, not opacity to regulators.” The company positioned the feature as a step toward enabling large-scale stablecoin usage without compromising compliance expectations. Compliance built into private transfers Polygon detailed that each private transfer undergoes Know Your Transaction screening before execution, while documentation from Hinkal shows users can generate audit files for regulators or tax authorities. According to the firm, this structure allows transaction data to remain hidden from public observers while still giving institutions the ability to meet reporting obligations when required. The rollout follows a series of moves by Polygon to build a payments-focused stack. In April, Polygon Labs disclosed plans to raise up to $100 million to expand its payments business, alongside a previously announced $250 million acquisition program targeting firms such as Coinme and Sequence. CEO Marc Boiron told Reuters at the time that the company intends to establish itself as a regulated payments entity in the US, identifying payments as the most compelling use case for blockchain infrastructure. Polygon has also been developing its Open Money Stack , which the company describes as a modular platform aimed at enabling cross-chain and cross-currency transfers to function like a single network for enterprises. Internal figures shared by Polygon indicate that the network has already facilitated roughly $2.3 trillion in on-chain value transfers, while combined activity across Polygon, Coinme, and Sequence has exceeded $1 billion in off-chain sales and more than $2 trillion in on-chain flows. Data from DefiLlama shows stablecoin market capitalization on Polygon reached $3.6 billion on April 10, placing it as the eighth largest chain for stablecoin activity. Separate analytics cited by Polygon in earlier updates showed the network handling a significant share of non-USD stablecoin transfers, reinforcing its position as a payments rail for local currency use cases. Competition around private and institutional grade transactions has also intensified. On April 24, layer 1 blockchain Aptos launched Confidential APT, a token pegged to Aptos (APT) that uses zero-knowledge proofs to conceal transfer details while maintaining verification. Rising institutional interest in stablecoins has followed regulatory developments such as the GENIUS Act, which supported activity in the sector. On Sunday, Western Union launched a USD-pegged stablecoin , USDPT, on Solana, extending participation from traditional finance firms into blockchain-based payment systems. The post Polygon introduces private stablecoin payments to court institutions appeared first on Invezz

5 May 2026, 06:00

Solana Co-Founder Warns AI Could Break Post-Quantum Crypto Schemes

Solana co-founder Anatoly Yakovenko has warned that the most pressing risk around post-quantum cryptography may not be quantum computers themselves, but the possibility that AI could expose weaknesses in the signature schemes designed to defend against them. His comments add a sharper edge to Solana’s recent quantum-readiness push, which has centered on Falcon signatures, migration planning and wallet-level resilience. The exchange began after developer Dean Little highlighted progress on a Solana Falcon implementation, saying version “0.1.2 now costs just ~173–183k CUs to verify,” with Lean and Kani proofs expected next. That prompted Yakovenko to suggest deeper native support inside Solana’s transaction architecture, writing : “Syscall to lift PDA is_signer to the transaction processor, charge fees to valid signers at the end of the block. Make it so, pls.” Solana’s Post-Quantum Plan Gets New Scrutiny The more consequential remark came shortly after, when Yakovenko framed the problem less as a simple migration from today’s cryptography to post-quantum signatures, and more as a security-design issue with unresolved unknowns. “I think the biggest risk is that pqc signature schemes will get broken by ai,” Yakovenko wrote. “We don’t know all the implementation footguns even, let alone the math footguns. So we need to support 2/3 wallets for them. @fusewallet or ideally natively with PDAs in the tx processor.” The point is notable because Solana’s official messaging on quantum readiness has been broadly confident. In an April 27 developer post, Solana said quantum computing remains “years away” and that, if the threat materializes, migration work is “well-researched, understood, and ready to deploy.” The post described a roadmap built around continued research, adoption of a post-quantum scheme for new wallets if needed, and migration of existing wallets to the selected scheme. Solana’s current research track has converged around Falcon , a post-quantum digital signature scheme identified independently by Anza and Firedancer, two major validator client developers in the Solana ecosystem. According to Solana, both teams reached the same conclusion: the network would need a compact post-quantum signature format suited to high-throughput blockchain use. Initial implementations are already available through Firedancer and Anza repositories, while Solana argues that the transition would be manageable and should not create a meaningful performance hit. Yakovenko’s warning does not directly contradict that roadmap. It narrows the focus. Rather than questioning whether Solana can migrate to post-quantum cryptography when necessary, he is pointing to the fragility of assuming any single new cryptographic scheme will remain safe once both implementation details and mathematical assumptions are exposed to increasingly powerful AI-assisted analysis. That distinction matters for builders. The quantum-readiness debate often treats post-quantum signatures as the endpoint: once a chain can verify Falcon or a similar scheme efficiently, the network has a path forward. Yakovenko’s comments suggest the safer architecture may be one that avoids dependence on one scheme, even after migration. His preference for “2/3 different signature schemes” indicates a defense-in-depth model, where wallets or transaction processors could require threshold approval across multiple cryptographic primitives.Michael Egorov, founder of Curve Finance, asked whether “proper formal verification” might help address the concern. Yakovenko’s reply was cautious: “If we know exactly what to verify. I’d still like 2/3 different signature schemes.” That response captures the unresolved part of the debate. Formal verification can reduce implementation risk when the target properties are precisely defined. Yakovenko’s concern is that the industry may not yet know all the relevant failure modes, especially if AI systems become better at finding edge cases, deployment flaws or deeper mathematical weaknesses in post-quantum constructions. At press time, SOL traded at $84.03.

5 May 2026, 03:44

Western Union launches USDPT stablecoin on Solana for global transfers

🚀 Western Union launched its USDPT stablecoin on the Solana blockchain for international money transfers. USDPT is now available in Bolivia and the Philippines, with plans to expand to over 40 countries by 2026. 💡 Critical data: The stablecoin market is worth $317.3 billion and could surpass $2 trillion by 2030, signaling major growth ahead in $SOL-powered payments. Continue Reading: Western Union launches USDPT stablecoin on Solana for global transfers The post Western Union launches USDPT stablecoin on Solana for global transfers appeared first on COINTURK NEWS .

5 May 2026, 01:31

Meta taps Morgan Stanley, JPMorgan for $13B Texas data center financing

Meta is working with Morgan Stanley and JPMorgan on roughly $13 billion in financing for its El Paso data center campus, per a May 4 report. The package is mostly debt with a smaller equity slice. It could become one of the largest single-site digital infrastructure financings on record, though below Meta’s $27 billion Hyperion deal with Blue Owl in October 2025. Meta’s original commitment to El Paso, announced in October 2025, was $1.5 billion. The financing now under discussion is roughly eight times that, scaling the campus to about one gigawatt of capacity. The EL Paso deal moves data centers out of real estate financing A campus this size has outgrown traditional commercial real estate debt. Citigroup estimates the broader data center buildout could need $3 trillion by 2030. El Paso data center | Source: El Paso Times “If you can’t invest a billion dollars, we don’t even want to talk to you,” Adam Lewis, managing director at Citizens and head of its 35-person digital infrastructure, said . “We can read electrical diagrams and mechanical diagrams and understand land use permits and power configurations.” Scott Wilcoxen, JPMorgan’s global head of digital infrastructure investment banking, has focused on what he calls “time to power” as the industry’s biggest constraint. The El Paso deal sits in the same arc as Hyperion, but the structure is different. As Cryptopolitan reported , Hyperion was a joint venture, with Blue Owl owning 80 percent and Meta owning 20 percent through an SPV that raised $27 billion in bonds. El Paso is mostly straight debt, with Meta keeping more direct ownership. S&P calls hyperscale a concentrated risk S&P Global Ratings warned in a recent report that hyperscale data centers are emerging as a major concentration of insurable risk. A $13 billion financing tied to a single site, a single operator, and a single power configuration concentrates exposure in a way infrastructure debt has not historically faced. The numbers behind the demand explain the concentration. Meta spent $39 billion on infrastructure in 2024 and $72 billion in 2025. At its Q1 2026 earnings call on April 29, the company raised its 2026 capex guidance to $115 to $145 billion, up from the $115 to $135 billion it gave in January. Almost all of it is going toward AI data centers. CFO Susan Li has said Meta will remain compute-constrained through much of 2026. What the deal would set as a precedent If the El Paso financing closes at its current size, it sets a benchmark for how the next wave of mega-scale data centers will be debt-financed and how that risk will be priced. That matters beyond Meta. JPMorgan, Morgan Stanley, SMBC, and MUFG are already exploring ways to offload data center exposure to outside investors through significant risk transfer deals, a sign that bank balance sheets are starting to feel the strain of AI infrastructure lending. There’s a middle ground between leaving money in the bank and rolling the dice in crypto. Start with this free video on decentralized finance .