CrispyBull

Pi Network has suspended payment requests following a scam that led to millions of PI tokens being drained from user wallets. The blockchain itself was not compromised.

Polymarket confirmed a user account breach linked to a third-party login provider, saying its core protocol, smart contracts, and markets were not affected. The incident appears limited to specific access methods and highlights how external authentication tools can become a weak point for decentralized platforms.

Justin Sun’s clash with World Liberty Financial is not just about a frozen wallet or market losses. It reveals how control often hardens after launch, once early credibility has already served its purpose.

The U.S. Senate has confirmed Mike Selig as CFTC chair, ending a period of acting leadership at the commodities regulator. With Congress still debating expanded crypto authority for the agency, attention now turns to how enforcement priorities and regulatory coordination may evolve under permanent leadership.

SoFi Bank has launched SoFiUSD, a fully reserved dollar-backed token on Ethereum aimed first at enterprise payments and settlement. The move positions the stablecoin as backend financial infrastructure rather than a consumer crypto product.