On June 26, 2025, United States District Judge Analisa Torres issued an official order denying the joint motion filed by Ripple Labs Inc. and the U.S. Securities and Exchange Commission (SEC) for an indicative ruling. This decision was confirmed by journalist Eleanor Terrett of Fox Business, who recently reported the development on X. The motion, filed under ECF No. 987, asked the court to signal whether it would grant relief that could potentially dissolve the court’s earlier permanent injunction and reduce the financial penalty previously imposed on Ripple . Judge Torres ultimately denied this request, instructing the Clerk of Court to terminate the motion accordingly. JUST IN: Judge Torres has denied @Ripple and the @SECGov joint motion for an indicative ruling. pic.twitter.com/iPzD4aMG1H — Eleanor Terrett (@EleanorTerrett) June 26, 2025 Background of the Legal Dispute The legal dispute between Ripple Labs and the SEC began in December 2020, when the SEC sued Ripple. The SEC alleged that Ripple had violated the Securities Act of 1933 by offering and selling XRP without proper registration as a security. According to the SEC’s claims, Ripple’s failure to register deprived investors of the necessary information to make informed investment decisions. The SEC’s complaint was grounded in Section 5 of the Securities Act, which requires entities that offer or sell securities to register those securities with the SEC or qualify for an exemption. In July 2023, Judge Torres issued a summary judgment that partially favored the SEC, determining that Ripple had indeed offered XRP as a security in certain institutional sales without registration. This decision formed part of the broader Summary Judgment Order in the case titled SEC v. Ripple Labs Inc., 682 F. Supp. 3d 308 (S.D.N.Y. 2023). We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Details of the Joint Motion In March 2024, the SEC filed a motion requesting a permanent injunction to prevent Ripple from further violating Section 5 of the Securities Act. The motion also sought a significant financial penalty. Following further litigation, both Ripple and the SEC jointly filed a motion requesting an indicative ruling from the court. The motion specifically asked whether the court would dissolve the earlier injunction requiring Ripple’s compliance with securities laws and whether it would consider reducing the monetary penalty imposed on Ripple. Judge Torres’s recent order explicitly states that this joint motion is denied. The court’s decision means that, at this stage, there will be no change to the existing injunction or the financial penalty unless further legal action modifies those terms. Conclusion of the Ruling In the formal conclusion of the order, Judge Torres wrote, “For the foregoing reasons, the parties’ motion for an indicative ruling is DENIED.” The judge also directed the Clerk of Court to officially close the motion. The order is dated June 26, 2025, and signed by Judge Analisa Torres, United States District Judge for the Southern District of New York. Eleanor Terrett’s report highlights a significant development in the ongoing legal battle between Ripple and the SEC, reaffirming that the court maintains its earlier stance on the case’s remedies and penalties. The denial of the motion ensures that the summary judgment and the injunction previously imposed on Ripple remain in effect unless further court proceedings lead to a different outcome. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP Case As of July 26, 2025: Judge Torres Denies Ripple and SEC’s Joint Motion appeared first on Times Tabloid .
BitcoinWorld BORA Platform Unveils Ambitious H2 2025 Roadmap: A Game-Changing Leap for Decentralized Entertainment Are you ready for the next evolution in digital entertainment? The decentralized entertainment platform BORA has just dropped a bombshell announcement that promises to reshape the landscape of Web3. In a recent Medium blog post, BORA unveiled an ambitious roadmap for the second half of 2025 (H2), signaling a significant leap forward for its ecosystem. This isn’t just an update; it’s a strategic overhaul designed to enhance user experience, bolster the platform’s infrastructure, and drive mass adoption in the burgeoning world of decentralized entertainment. For anyone following the pulse of crypto gaming and blockchain technology, this BORA platform update is a development worth diving into. What Does the BORA Platform Update Entail? A Closer Look at the H2 2025 Roadmap BORA’s strategic roadmap for H2 2025 is comprehensive, touching upon several core aspects of its platform. The goal is clear: to solidify BORA’s position as a leading force in the digital entertainment space by making its ecosystem more accessible, efficient, and appealing to a wider audience. The key pillars of this update include a brand new BORA brand, an upgraded BORA Portal, the introduction of BORA Gas Abstraction, and crucial tokenomics updates. A Fresh Identity: The New BORA Brand A brand is more than just a logo; it’s the identity and promise of a platform. The planned launch of a new BORA brand signifies a fresh chapter for the platform. This rebrand is likely aimed at modernizing its image, enhancing its appeal to both existing users and new entrants, and better reflecting its expanded vision for decentralized entertainment . A strong, clear brand identity is crucial for standing out in the competitive Web3 landscape and attracting mainstream adoption. It could involve a new visual language, messaging, and a more streamlined narrative that communicates BORA’s value proposition effectively. Enhanced User Experience: The Upgraded BORA Portal The BORA Portal serves as the gateway to the entire BORA ecosystem. An upgraded portal suggests a significant focus on user experience (UX) and user interface (UI) improvements. This could mean a more intuitive design, faster loading times, enhanced security features, and perhaps new functionalities that streamline interaction with decentralized applications (dApps) and games. A smoother, more user-friendly portal is vital for onboarding new users who may not be familiar with the complexities of blockchain technology, making the journey into Web3 gaming future less daunting. Simplifying Transactions: The Power of BORA Gas Abstraction One of the biggest hurdles for mainstream adoption of blockchain applications has been the complexity and cost of gas fees. BORA Gas Abstraction is a game-changer in this regard. This innovation aims to abstract away the need for users to directly manage and pay gas fees for every transaction. Imagine playing a game or using a dApp on BORA without constantly worrying about transaction costs or needing to hold specific cryptocurrencies just for gas. This significantly lowers the barrier to entry, making the user experience seamless and comparable to traditional online services. It’s a critical step towards achieving true mass adoption in decentralized entertainment, as it removes a major point of friction for users. Sustainable Growth: Unpacking BORA’s Tokenomics Updates The tokenomics of a platform dictate its economic model, sustainability, and value proposition for token holders. BORA’s planned tokenomics updates are crucial for ensuring the long-term health and growth of its ecosystem. While specific details are yet to be fully revealed, such updates often involve adjustments to token distribution, staking mechanisms, utility, and reward structures. The aim is typically to create a more robust, equitable, and deflationary or value-accruing model for the BORA token, incentivizing participation and investment within the platform. These changes are vital for the platform’s ability to attract and retain developers, content creators, and users, fostering a vibrant and self-sustaining economy. Revolutionizing Decentralized Entertainment: How BORA Aims to Lead BORA’s roadmap isn’t just about technical upgrades; it’s about setting a new standard for decentralized entertainment . By focusing on user-centric design, simplified transactions, and a robust economic model, BORA is positioning itself to address the core challenges preventing Web3 from reaching its full potential. The vision is to create an ecosystem where content creators, game developers, and users can interact seamlessly, share value, and truly own their digital assets. Consider the impact of gas abstraction. For casual gamers or new users, the concept of paying for every in-game action can be bewildering and off-putting. By removing this friction, BORA makes its platform feel more like a traditional gaming experience, while retaining the benefits of blockchain ownership and transparency. This move alone could significantly expand BORA’s user base beyond crypto enthusiasts to include a broader audience of gamers and digital content consumers. Furthermore, a refreshed brand identity will allow BORA to communicate its unique value proposition more effectively to a global audience. In a rapidly evolving space, clarity and appeal are paramount. BORA aims to cultivate an environment where creativity flourishes, and digital assets truly belong to their owners, setting a precedent for how future entertainment platforms could operate. The Future of Web3 Gaming: BORA’s Strategic Play The gaming industry is a massive market, and Web3 gaming future holds immense promise for innovation. BORA has always had a strong focus on gaming, and these updates will undoubtedly strengthen its appeal to both developers and players. For developers, a platform with streamlined gas fees, an improved portal, and clear tokenomics offers a more attractive environment to build and deploy their games. It reduces development complexities and increases the potential for user engagement. For players, the promise of true ownership of in-game assets, verifiable scarcity, and the potential to earn through gameplay (Play-to-Earn or Play-and-Earn models) remains a powerful draw. BORA’s updates enhance these core Web3 gaming tenets by making them more accessible and enjoyable. Imagine trading unique in-game items without high transaction fees or navigating complex blockchain wallets – this is the future BORA is building. In the competitive landscape of Web3 gaming, platforms like BORA are vying for mindshare and market share. By addressing pain points such as high gas fees and complex user interfaces, BORA differentiates itself as a platform committed to practical, real-world utility for gamers. This strategic focus on usability could be the key to unlocking the next wave of adoption in blockchain gaming, moving beyond early adopters to a more mainstream audience. Blockchain Innovation Driving Growth: The Technical Backbone of BORA’s Ambition At the heart of BORA’s ecosystem lies robust blockchain innovation . While the specific underlying blockchain technology (e.g., Klaytn, its own chain, or a layer-2 solution) wasn’t detailed in the snippet, the focus on features like gas abstraction implies sophisticated technical development. Gas abstraction often involves meta-transactions or account abstraction techniques, where a third party (or the protocol itself) covers the gas fees on behalf of the user, making the process invisible to them. This is a significant technical feat that requires careful engineering to ensure security, scalability, and efficiency. BORA’s commitment to such innovations suggests a strong technical team dedicated to pushing the boundaries of what’s possible on a blockchain. Scalability is paramount for entertainment platforms, which need to handle millions of transactions and users simultaneously. Security is non-negotiable, protecting user assets and data. Interoperability, allowing assets and data to move seamlessly between different blockchain environments, could also be a future focus, enhancing the overall utility of the BORA ecosystem. By investing in core blockchain infrastructure and features like gas abstraction, BORA is not just building applications; it’s enhancing the underlying technology to support a vast and complex digital economy. This focus on foundational innovation is what distinguishes long-term players in the blockchain space from fleeting trends, laying the groundwork for sustainable growth and a truly decentralized future for entertainment. What This Means for Crypto Gaming News & Investors: Navigating the Horizon For enthusiasts and investors following crypto gaming news , BORA’s H2 2025 roadmap presents a compelling narrative. The planned updates could significantly impact the utility and demand for the BORA token. Improved user experience and broader adoption, driven by gas abstraction and a new brand, could lead to increased network activity and, potentially, a more robust ecosystem that benefits token holders. Investors will be keen to see the specifics of the tokenomics updates. Changes that introduce more utility, staking rewards, or burning mechanisms could positively influence the token’s value proposition. As the platform grows and attracts more users and developers, the intrinsic value of the BORA token, which powers transactions and participation within the ecosystem, could see an uplift. It’s important for potential investors to conduct their own due diligence, staying informed about the detailed implementation of these roadmap items. However, the strategic direction indicates a strong commitment to addressing market needs and positioning BORA for long-term success in the competitive decentralized entertainment and Web3 gaming sectors. This could represent a significant opportunity for those looking to invest in platforms that are actively solving real-world blockchain challenges and targeting mass adoption. Conclusion: A New Chapter for BORA and Decentralized Entertainment The decentralized entertainment platform BORA’s roadmap for H2 2025 is more than just a series of updates; it’s a bold declaration of intent. By focusing on a new brand identity, an upgraded portal, revolutionary gas abstraction, and refined tokenomics, BORA is strategically positioning itself to overcome the existing barriers to Web3 adoption. These planned enhancements promise a more intuitive, accessible, and economically sustainable ecosystem for games, content, and digital assets. As the digital world continues its shift towards decentralization, BORA’s commitment to innovation and user experience sets a compelling precedent, potentially ushering in a new era where decentralized entertainment truly flourishes and reaches a global audience. The future looks bright for BORA, and its journey will be a fascinating one to watch for anyone invested in the evolution of digital ownership and entertainment. To learn more about the latest crypto gaming trends, explore our article on key developments shaping Web3 gaming institutional adoption. This post BORA Platform Unveils Ambitious H2 2025 Roadmap: A Game-Changing Leap for Decentralized Entertainment first appeared on BitcoinWorld and is written by Editorial Team
India’s ruling BJP spokesperson Pradeep Bhandari advocates for a Bitcoin reserve pilot, emphasizing the need for regulatory clarity amid the country’s current “taxed but unregulated” crypto landscape. Bhandari highlights global
The post Will India Launch Bitcoin Reserve? appeared first on Coinpedia Fintech News As the United States pushes forward to become the global leader in cryptocurrency, several other countries follow in its footsteps. Driven by new political interest and a global trend, India’s ruling party, the BJP, signals towards forming a Bitcoin Reserve. National spokesperson Pradeep Bhandari argued that India could benefit from adopting a BTC reserve. BJP Urges to Establish Bitcoin Reserve in India Recently, Pradeep Bhandari, the spokesperson of the BJP, urged that India’s financial policies must evolve to adapt more flexible and innovative framework. This method will aim to bring financial growth and prosperity to the country, according to Bhandari. He stated – “India stands at a pivotal juncture. A measured Bitcoin strategy—perhaps a reserve pilot—could strengthen economic resilience and project modernity. As the US advances and nations like Bhutan adapt, India has a unique opportunity to lead.” Bhandari’s Argument for the Possibility of BTC Reserve in India Bhandari points out several significant points that signal the possibility of a future Bitcoin reserve in India. Renewable Energy Capacity He noted that India has the full capability to mine Bitcoin, following Bhutan’s mining initiative. Bhutan mines Bitcoin, using hydropower, building a reserve exceeding $1billion by Q1 2025. Bhandari suggests that India could follow this framework, as India has even bigger renewable energy potential than Bhutan. US Model Bhandari noted that the US benefited by launching its Bitcoin Reserve and now holds over $20 billion in value. India could benefit from a pilot reserve strategy based on the US model, he proposed. [post_titles_links postid=”475206″] Urged India to Step Up While BRICS nationals and other countries are showing interest in crypto agendas, India still hesitates in the crypto space. Bhandari urged India to launch a Bitcoin reserve as it will help increase the global competition. Support From Crypto Leaders For BTC Reserve CoinDCX CEO, Sumit Gupta , thanked Bhandari for bringing this proposal of BTC reserve. He stated– “For years, many of us in the industry have advocated that crypto is more than just a financial instrument; it’s geopolitical, economic, and strategic. Seeing our policymakers engage with this reality is both validating and encouraging!” Final Note While urging the nation to build a BTC reserve, Pradeep Bhandari ensures that this is not a reckless pivot but a calculated step to embrace digital assets. While crypto experts suggest India to test Bitcoin as a sovereign asset, the central question remains unanswered– Will India establish a Bitcoin reserve? After encountering multiple crypto updates, the possibility of a BTC reserve speaks volumes. [article_inside_subscriber_shortcode title=”Never Miss a Beat in the Crypto World!” description=”Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.” category_name=”News” category_id=”6″]
South Korean authorities have dismantled a criminal syndicate that collected hundreds of billions of won (approximately $3.2 million) in commissions through fraudulent foreign exchange operations utilizing Neteller Pay, an overseas electronic payment platform similar to Cash App but without global restrictions. According to South Korean news agency Yonhap , the Busan Western District Prosecutors’ Office’s 3rd Criminal Division announced on June 26th that it had indicted two money exchange companies and three operators without detention for violating the Foreign Exchange Transactions Act and the Electronic Financial Transactions Act. South Korean prosecutors seize $3.2M in crypto in illegal FX probe South Korean prosecutors have raided a group accused of earning billions of won in fees through unregistered foreign exchange operations, seizing 4.4 billion won ($3.2 million) worth of cryptocurrencies,… — CoinNess Global (@CoinnessGL) June 26, 2025 Prosecutors indicated they are continuing their investigation into five additional individuals involved in operating other money exchange businesses. South Korean Authorities Seize Hidden Ethereum Stash Worth $3.2M From Fraud Ring The prosecution alleges that the indicted money changers and operators illegally facilitated currency exchanges over a six-year period from 2019 to 2024, collecting funds from ordinary citizens and processing them through Neteller Pay. How scammers use Neteller Pay to collect fraud proceeds/ Source: Busan Police Authorities confirmed that the three unregistered money changers processed a total of 943.4 billion won using fraudulent currency exchange schemes, collecting approximately 25.7 billion won ($18.92 million) in commissions. The cumulative transaction volume from these illegal operations reached around $694.5 million. During the fraud investigation, prosecutors tracked accounts and virtual assets, seizing approximately 12.4 billion won in assets held under false names by the money changer operators and their associated corporations. Additionally, investigators discovered that suspects had concealed approximately 4.4 billion won worth of Ethereum in personal virtual asset wallets to evade detection by authorities. Are Overseas Payment Platforms Becoming Korea’s New Fraud Frontier? Neteller Pay is commonly utilized on overseas gambling platforms prohibited in Korea and for FX margin trading , where individuals profit from foreign exchange rate fluctuations. The service operates in over 200 countries and supports cryptocurrency deposits and withdrawals across more than 30 digital currencies, making it an attractive option for online merchants, gambling platforms, and cryptocurrency traders. #AlchemyPay Expands Crypto Purchasing with European Local Payment Channels! This update integrated several local European payment channels, such as Bancontact in Belgium, iDeal in the Netherlands, and global payment channels like Skrill and Neteller. https://t.co/8O9Gq3eLGs pic.twitter.com/IYi47mQmjf — Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) July 20, 2023 This case contributes to the escalating pattern of crypto-related fraud in South Korea. In May, South Korean police arrested 28 individuals suspected of orchestrating a cryptocurrency investment fraud scheme that defrauded approximately 50 victims of a combined $1.3 million. The group allegedly convinced victims to purchase cryptocurrency tokens purportedly scheduled for listing on major exchanges, promising significant returns on investments that ultimately proved to be worthless. Three months prior, prominent South Korean crypto figure Park “Jonbur Kim,” known as the “Coin King,” was arrested on fraud charges shortly after being released on bail for a separate cryptocurrency scam. South Korean crypto figure "Jonbur Kim" Park, the ‘Coin King,’ faces re-arrest over a $47M Artube Coin scam as authorities intensify their crackdown on crypto scams. #Crypto #CryptoFraud #SouthKorea https://t.co/4kT9TWz8wc — Cryptonews.com (@cryptonews) February 21, 2025 Park and his associate allegedly orchestrated the fraudulent issuance and listing of Artube coin, manipulating its price and misleading investors through false disclosures, resulting in 68 billion won ($47 million) in financial losses. Is South Korea’s $130 Billion Crypto Market Under Siege from Fraud Rings? Despite these ongoing scams, South Korea continues to experience growing cryptocurrency adoption, leading the East Asian region in cryptocurrency value received at approximately $130 billion, according to a 2024 Chainalysis report . The report indicates that centralized exchanges represent the most popular service category in East Asia, accounting for 64.7% of cryptocurrency value received. Source: Chainalysis As a leading technology nation, South Korea provides accessible digital asset trading through mobile applications and desktop platforms. Eight commercial South Korean banks have joined to establish a won-linked stablecoin that comprises two initial models – trust-based and deposit-linked. #SouthKorea #WonStablecoin https://t.co/d35Oerv1SP — Cryptonews.com (@cryptonews) June 25, 2025 The report shows that public interest in cryptocurrency intensified, particularly after Bitcoin exceeded $70,000 in January 2024. The post South Korean Police Bust Fake Crypto Exchange Ring, Seize $3.2M Worth Of Crypto appeared first on Cryptonews .
BitcoinWorld Hong Kong Web3: Cyberport Unleashes Vital Funding for Blockchain Innovation Are you ready to witness a pivotal moment in the global digital economy? Hong Kong is making a bold and strategic move, positioning itself at the forefront of the next generation of the internet. The city’s government-backed business hub, Cyberport, has just launched a groundbreaking initiative: a pilot funding program specifically designed to ignite and accelerate Hong Kong Web3 and blockchain development. This isn’t just about financial support; it’s about fostering an ecosystem where innovation can truly thrive. Understanding the Cyberport Pilot Funding Program: A Gateway to Innovation At its core, this initiative is a direct response to the burgeoning potential of decentralized technologies. Cyberport, known for nurturing tech startups, is now extending a crucial lifeline to projects building on blockchain and Web3 foundations. The program is straightforward yet impactful: Open for Applications: The application window is currently open, with a crucial deadline of August 1. This limited timeframe emphasizes the urgency and importance of getting involved quickly. Generous Funding Per Project: Each eligible company has the opportunity to secure up to HK$500,000, which translates to approximately $63,705 USD, per pilot project. This substantial blockchain funding can be a game-changer for early-stage ventures or established companies looking to explore new avenues. Multiple Project Submissions: To maximize impact and encourage diverse innovation, companies can submit up to three distinct pilot projects. This flexibility allows for broader exploration and development across different Web3 verticals. This pilot funding program isn’t just a handout; it’s an investment in the future, designed to catalyze real-world applications and solutions built on distributed ledger technology. Why Hong Kong Web3 Development is Crucial for Global Leadership Hong Kong has long been a global financial hub, and its embrace of Web3 signifies a strategic pivot towards the digital future. The city aims to become a leading international virtual asset center, and initiatives like Cyberport’s program are fundamental to achieving this vision. Why is this so significant? Regulatory Clarity: Unlike many jurisdictions still grappling with how to regulate crypto and Web3, Hong Kong has been proactive in establishing a clear regulatory framework. This certainty attracts businesses and investors who seek stability and compliance. Talent Attraction: By offering funding and a supportive ecosystem, Hong Kong can draw top-tier blockchain developers, entrepreneurs, and researchers from around the world, creating a vibrant talent pool. Gateway to Asia: Its unique position as a bridge between mainland China and the rest of the world makes Hong Kong an ideal launchpad for Web3 projects targeting diverse markets. Economic Diversification: Investing in Web3 helps diversify Hong Kong’s economy beyond traditional finance, fostering new industries and job opportunities. This concerted effort in Web3 development is not just about local growth; it’s about cementing Hong Kong’s position as a global leader in the digital frontier. The Impact of Robust Blockchain Funding on Innovation The availability of dedicated blockchain funding is a critical accelerator for innovation. Many promising Web3 projects struggle to move past the conceptual stage due to a lack of initial capital. This pilot program directly addresses that bottleneck. Benefits for Innovators: Prototyping and MVP Development: Funds can be used to build Minimum Viable Products (MVPs) or prototypes, proving the concept and attracting further investment. Talent Acquisition: High-quality talent is expensive. This funding allows projects to hire skilled developers, designers, and business strategists. Research and Development (R&D): Complex blockchain solutions require significant R&D. The funding can support exploratory work into new consensus mechanisms, scaling solutions, or privacy-enhancing technologies. Market Entry and User Acquisition: Pilot projects need resources for initial marketing, community building, and acquiring early users to test their solutions in a real-world environment. Potential Project Examples: Imagine projects in decentralized finance (DeFi), non-fungible tokens (NFTs) with real-world utility, GameFi, metaverse infrastructure, supply chain transparency solutions, or even decentralized identity systems – all benefiting from this crucial injection of capital. The possibilities are vast, and this program is set to be a catalyst for their realization. Navigating the Cyberport Blockchain Application Process: Actionable Insights For companies eager to tap into this opportunity, understanding the application process for the Cyberport blockchain funding is paramount. While specific details will be on Cyberport’s official channels, here are some actionable insights to consider: Key Elements of a Strong Application: Clear Problem Statement: Articulate the problem your project solves and why a blockchain or Web3 solution is the most effective approach. Innovative Solution: Highlight the unique aspects of your technology or business model. How does it stand out in the crowded Web3 landscape? Viable Business Model: Even for a pilot, demonstrate a clear path to sustainability and scalability beyond the initial funding. Strong Team: Showcase the experience, expertise, and commitment of your team members. This is often as important as the idea itself. Impact and Alignment: Explain how your project aligns with Hong Kong’s vision for Web3 development and its potential impact on the local and global ecosystem. Detailed Project Plan: Provide a clear roadmap for how the funds will be utilized, with realistic timelines and deliverables. Remember, the goal of a pilot funding program is to test hypotheses and demonstrate viability. Focus on measurable outcomes and a clear path to scaling if successful. The Broader Vision: Hong Kong’s Strategic Embrace of Web3 The Cyberport initiative is just one piece of Hong Kong’s comprehensive strategy to become a leading Web3 hub. The city has been actively engaging with the crypto industry, hosting major conferences, and consulting on regulatory frameworks to ensure a robust and responsible growth environment. This strategic approach positions Hong Kong favorably against other aspiring global Web3 centers. By providing both regulatory clarity and financial incentives through programs like this pilot funding program, Hong Kong is creating a compelling proposition for blockchain and Web3 companies worldwide. The city understands that attracting innovation requires a multi-faceted approach, combining capital, talent, and a supportive policy environment. A New Era for Digital Innovation Hong Kong’s Cyberport pilot funding program for blockchain and Web3 is a powerful statement of intent. It signifies a proactive and forward-thinking approach to embracing the digital revolution. For entrepreneurs and developers in the Web3 space, this presents an unparalleled opportunity to secure crucial early-stage funding, gain legitimacy, and contribute to building the future of the internet from one of the world’s most dynamic cities. The race to define the next generation of digital infrastructure is on, and with initiatives like this, Hong Kong is clearly in the lead, paving the way for groundbreaking innovation and economic growth. To learn more about the latest Web3 trends, explore our article on key developments shaping Web3 institutional adoption. This post Hong Kong Web3: Cyberport Unleashes Vital Funding for Blockchain Innovation first appeared on BitcoinWorld and is written by Editorial Team
Pradeep Bhandari, spokesperson for India’s ruling BJP party, called for a Bitcoin reserve pilot and clarity on the country’s “taxed but unregulated” approach to crypto.
Bitcoin traded at $107,312 on June 26, 2025, closing in on key resistance amid a backdrop of sustained institutional interest and tightening intraday volatility. With a market capitalization of $2.13 trillion and a 24-hour trade volume of $31.65 billion, bitcoin ranged between $107,027 and $108,116 over the past day, suggesting a consolidative pause after a
Pi Network’s native token, PI, has soared this week, gaining 38% following speculation about a potential integration of artificial intelligence into its ecosystem — and possibly a tie-up with Google. The rally began after co-founder Nicolas Kokkalis participated in a generative AI panel at Consensus 2025, prompting speculation that the project was gearing up for a major AI-related announcement. Fueling the excitement further, Pi Network posted on X that a formal announcement would be made during its upcoming Pi2Day event, scheduled for Thursday. The platform hinted that it would “finally provide answers,” driving heightened community anticipation. AI Buzz and Google Rumors Following the buzz, the PI token peaked at $0.65 on Wednesday, up from a Sunday low of $0.47. However, it later retraced to $0.57 at the time of writing. Still, the sharp rise has reignited discussions about the token’s potential, especially as rumors of a Google AI collaboration began spreading across social platforms. One user on X speculated that the star symbol in Pi’s teaser post resembled the logo used by Google’s AI unit, while others guessed the announcement could be tied to a separate initiative known as “PiAI.” Not all reactions were optimistic, however — some urged caution, suggesting that overly high expectations could lead to disappointment. Community Divided as Pi Network Invests in Utility Growth Despite the speculation, a segment of the community remains skeptical. One member noted that Pi Network’s features are not particularly groundbreaking, arguing that other blockchain projects have already delivered similar or more advanced functionalities. The user encouraged followers to remain critical and question the project’s broader utility. Still, Pi Network has made strides to boost long-term value . In mid-May, the company launched a $100 million startup fund aimed at supporting ventures that can enhance the real-world use of its blockchain. While the investments will mostly be made in U.S. dollars, Pi Network stated that it may also offer funding in its native token for eligible projects. As Pi2Day approaches, the spotlight remains firmly on the team’s next move. Whether or not a Google partnership materializes, the anticipation alone has already placed Pi Network back into the crypto community’s focus. The post Pi Network (PI) Jumps 38% Ahead of AI Reveal, Google Partnership Speculation appeared first on TheCoinrise.com .
COINOTAG News reports that following the full circulation release of the Boba Network token, significant on-chain activity was observed. Within a 22-hour window, the FTX/Alameda wallet liquidated its entire BOBA