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Expanding Accessibility to Pi Mainnet Ecosystem Through New Wallet Activation Opportunities
Inclusivity is a core part of Pi’s vision, and Pi’s Mainnet ecosystem has just been made much more accessible to identity-verified individuals, including fully and tentatively KYC’d Pioneers.
The new Mainnet wallet activation feature enables identity-verified Pioneers, including those who are fully KYC’d and most who are tentatively KYC’d, to be able to activate their wallet on the Pi Mainnet blockchain. This unblocks their participation in, and broadens the inclusion of, the Pi Mainnet ecosystem.
Though Mainnet migration is ongoing and the network is committed to speeding up and completing migrations, migration takes more time because, in addition to the identity verification, complex processes and analyses need to run and users need to take actions to ensure the right amount of Pi is securely distributed to real Pioneers who did not cheat. The decoupling of Mainnet migrations from the ability to have a Mainnet wallet helps expand access to engage with the Pi Mainnet ecosystem to millions, while it still ensures that all participants in the Pi Mainnet have verified their identity through KYC or KYB.
Eligible Pioneers can go to the Pi Wallet app in the Pi Browser to get started.
VK sets rules for digital assets, aligns with US approach. The United Kingdom's Treasury has published draft regulations for digital assets and indicated that they plan to work with the United States to support innovation in the digital asset industry, said Finance Minister Rachel Reeves on April 29. “Through our Change Plan, we are making Britain the best place in the world to innovate – and the safest place for consumers,” Reeves said in a statement on April 29. “Robust rules around crypto will increase investor confidence, support the growth of Fintech, and protect people across the UK.” The UK Treasury's comments came after Reeves recently met with US Treasury Secretary Scott Bessent in Washington, D.C., where they reportedly discussed cooperation around the regulation of digital assets. The Finance Minister also stated that the UK and the US will use their upcoming joint 'Financial Regulatory Working Group' to “continue engagement to support the use and responsible growth of digital assets.” The UK government's plans to align with US digital asset policy were revealed during a key summit in London to celebrate UK Fintech week, where Reeves also announced that the Treasury had published draft legislation for the regulation of the industry. Under the new draft rules, digital asset exchanges, traders, and agents will be brought under the UK's financial services regulatory regime, and digital asset firms with UK clients will have to comply with clear standards on transparency, consumer protection, and operational resilience – “just like firms in traditional finance,” the Treasury said. It added: “Today's announcement sends a clear signal: Britain is open for business – but closed to fraud, abuse, and instability.”
SEC decisions anticipated regarding Altcoin ETFs by October.
The world of digital assets is continuously evolving, and one area that generates significant excitement is the potential approval of exchange-traded funds (ETFs) for cryptocurrencies beyond Bitcoin and Ethereum - commonly referred to as Altcoin ETF products. Investors and enthusiasts are eagerly awaiting regulatory clarity, particularly from the U.S. Securities and Exchange Commission (SEC).
According to recent analyses, it is likely that the U.S. Securities and Exchange Commission (SEC) will issue decisions regarding the majority of pending Altcoin ETF applications around October or shortly thereafter. This timeline comes from Bloomberg ETF analysts, a respected voice in the financial markets and the crypto space.
The analyst noted that delays in these applications have largely been anticipated. He emphasized that the final regulatory deadlines for many of the applications currently under review specifically fall in October or afterward. While this provides a potential timeframe, he also warned that further extensions from the SEC remain a distinct possibility, a common practice in complex reviews of financial products.
This update comes following the SEC's decision on April 29 to postpone decisions regarding several other cryptocurrency ETF applications, reinforcing the regulatory authority's cautious approach towards the rapidly expanding digital asset market.
Trump receives an 'F' for his first 100 days from a multitude of Americans, finds poll
While President Donald Trump celebrates his first 100 days in office, a new PBS News/NPR/Marist poll finds that a multitude of Americans gives him a failing grade.
Forty-five percent of American adults gave Trump's return to the Oval Office an "F," including 80 percent of Democrats and 49 percent of independents. On the other end, 23 percent of Americans, including 54 percent of Republicans, gave the president an "A."
About half of American adults say Trump's second term has had a mostly negative impact on their lives, and a majority believe he is rushing to make changes without considering the consequences of his actions.
Trump receives an 'F' in his first 100 days from a multitude of Americans, poll finds
While President Donald Trump celebrates his first 100 days in office, a new PBS News/NPR/Marist poll finds that a multitude of Americans give him a failing grade.
Forty-five percent of American adults gave Trump's return to the Oval Office an "F," including 80 percent of Democrats and 49 percent of independents. At the other extreme, 23 percent of Americans, including 54 percent of Republicans, gave the president an "A."
About half of American adults say Trump's second term has had a mostly negative impact on their lives, and a majority believe he is hasty to make changes without considering the consequences of his actions.
Arizona approves first American Bitcoin reserve, aims for 10% state investment
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A 10% allocation, as allowed under SB 1025, will allow for up to $3.14 billion in digital assets, including Bitcoin, to be invested.
Legislators in Arizona have passed two bills that allow the state to invest up to 10% of its treasury and pension funds in Bitcoin and other digital assets.
If signed by Governor Katie Hobbs, Arizona will become the first U.S. state to establish a Bitcoin reserve, potentially setting a precedent for the national acceptance of digital assets in public finance. The legislation includes the creation of a Strategic Reserve Fund for Digital Assets, which will hold seized crypto and future allocations with audit requirements on-chain. With a potential investment of up to $3.14 billion, Arizona could become the second largest public institutional holder of Bitcoin in the U.S.
How to join Airdrops and Promotions on Binance 🚨everyone👇
What are Binance Airdrops and Promotions? Airdrops: These are free distributions of cryptocurrency tokens to users who meet specific criteria or perform simple tasks, such as holding a specific token or participating in activities. Promotions: These are opportunities offered by Binance, including trading competitions, staking offers, referral bonuses, and seasonal giveaway campaigns. Step-by-step guide to joining Airdrops and Promotions on Binance Step 1: Create a Binance account Go to Binance: Visit the Binance official website. Register: Click the "Register" button and enter your email or phone number. Verify your identity: Complete the KYC (Know Your Customer) process to gain access to all features. Provide identification documents as required. Step 2: Activate Binance notifications Log in to your account: Open the Binance app or website. Go to Profile Settings: Click on the profile icon in the top right corner. Activate Notifications: Turn on notifications for email, SMS, or app to stay updated on upcoming campaigns. Step 3: Explore current campaigns Visit the Promotions page: Open the Binance app or website. Navigate to the "Opportunities" or "Promotions" section from the homepage menu. Check Airdrops: Look for banners announcing sign-up airdrops. Check the terms and conditions for eligibility. Step 4: Participate in Airdrops. Hold Tokens: Some airdrops require you to hold specific tokens in your Binance wallet. Complete Tasks: Join social media groups. Share promotional content. Answer quizzes or surveys. Submit Wallet details: Ensure that your Binance wallet address is linked to the campaign.
President Donald Trump has doubled down on his proposal to lower or even eliminate federal income tax, claiming that tariffs will replace the current tax system. In a post on Truth Social, Trump suggested that income tax for individuals earning less than $200,000 could be "significantly reduced" or completely wiped out once his tariff policy is fully implemented. This idea comes after he signed an executive order earlier this month establishing a 10% tariff on most imported goods, with countries like China facing tariffs of up to 145%. Trump's plan involves replacing federal income tax with revenue from tariffs, similar to the economic model seen during the Gilded Age when there was no permanent federal income tax. "This will be a BONANZA FOR AMERICA!!! THE EXTERNAL REVENUE SERVICE IS HAPPENING!!!" Trump wrote, adding that his policy will also create jobs. He suggested that this system will not only reduce income tax but also benefit the American economy by increasing disposable income, which could potentially encourage investment. However, the plan has faced significant skepticism from economists. A study by the Council on Foreign Relations found that tariff revenues are unlikely to be enough to replace income tax for Americans earning less than $150,000. The study estimates that the tax revenue from this group totals $576 billion, but tariff revenues will fall about $65 billion short of covering that. Even White House trade advisor Peter Navarro's claim that tariffs could bring in $600 billion annually has been questioned by experts like Mark Zandi, chief economist at Moody's, who believes that actual revenue may range between $100 billion and $200 billion.
XRP ready to run faster than light with ProShares XRP ETF The USA may introduce ProShares' XRP ETF with 2X leverage based on futures contracts that they want to release this week. ProShares is set to launch a 2X leveraged XRP ETF based on futures contracts, with a target date of April 30, 2025. The SEC did not oppose the ETF during the review period, allowing ProShares to proceed with the launch. XRP has shown optimistic momentum, trading above $2 and closing at $2.24, with the potential to re-test highs of $2.50 and $3.00. Hashdex plans to launch the XRPH11 ETF in Brazil, aiming to enhance compliant crypto investment opportunities and democratize crypto investment.