A lot has happened in the crypto world this week! From Pi Network launching a new decentralized exchange (DEX) to Trump Media teaming up with Crypto.com, and Grayscale updating its list of investable altcoins, there’s plenty to catch up on.
If you missed the latest crypto updates, here’s a quick breakdown of this week’s biggest stories.
Pi Network Introduces PiDaoSwap – A Step Towards Stability?
The Pi Network community has been buzzing with the announcement of PiDaoSwap, a new decentralized exchange (DEX). This platform aims to prevent price manipulation of Pi Coin and create a more stable trading environment.
According to Pi Network Vietnam, this development could finally reflect the real value of Pi Coin rather than letting outside exchanges dictate its price.
Another big milestone for Pi Network this week was its integration with Telegram’s crypto wallet. With Telegram boasting over 1 billion users, this move could help bring Pi Network closer to mass adoption.
However, the project continues to face skepticism. Many analysts question its level of decentralization, especially because of its SuperNodes—a system critics say gives too much power to a small group of validators. Additionally, Pi Coin is still not listed on major exchanges like Binance and Coinbase, raising doubts about its long-term sustainability.
Trump Media Partners with Crypto.com – A Political Crypto Play?
Donald Trump’s media company, Trump Media & Technology Group (TMTG), made waves by partnering with Crypto.com to launch new crypto-based ETFs. The move caused a nearly 20% surge in Cronos (CRO), Crypto.com’s native token.
This isn’t the first time Trump’s name has shaken the crypto market. His NFT collection, “Trump Digital Trading Cards,” launched in December 2022, sold out within a day, raking in over $4.4 million. More recently, reports suggest he holds over $2.8 million in Ethereum and has softened his stance on crypto, making it a key talking point for his 2024 presidential campaign.
However, not everyone is convinced. Blockchain investigator ZachXBT raised concerns about Crypto.com’s token practices, accusing the exchange of manipulating token supplies. Despite this, the SEC (Securities and Exchange Commission) recently closed its investigation into Crypto.com without pressing any charges, which helped restore investor confidence and boost CRO’s price.
GameStop Buys Bitcoin – But How Much?
In another major crypto move, GameStop—famous for its meme stock rally in 2021—announced that it has added Bitcoin to its corporate treasury. Following the announcement, GameStop’s stock jumped 12%, but Bitcoin’s price remained largely unchanged.
The reason? Analysts say the lack of details in the announcement left investors uncertain.
“They didn’t say how much Bitcoin they’re actually buying,” explained Mati Greenspan, CEO of Quantum Economics.
With $4.8 billion in cash reserves, if GameStop were to allocate a significant portion to Bitcoin, it could have a real impact on the market. But for now, it seems investors are waiting for more clarity.
Grayscale Adds New Altcoins – And Drops Some Too
Leading crypto asset manager Grayscale has updated its list of investable altcoins for Q2 2025. The company added three new tokens:
- Maple Finance (SYRUP)
- Geodnet (GEOD)
- Story Protocol (IP)
Meanwhile, three coins were removed from the list:
- Akash Network (AKT)
- Arweave (AR)
- Jupiter (JUP)
Grayscale has a huge influence on the crypto market. Its Bitcoin ETF (GBTC) played a crucial role in bringing institutional investors into Bitcoin, and its altcoin selections often impact prices.
Studio Ghibli-Inspired Meme Coins Take Over Binance
Another wild trend this week was the rise of Studio Ghibli-inspired meme coins. Binance Alpha listed two new tokens, Ghiblification and GhibliCZ, as part of a growing wave of pop culture-themed cryptocurrencies.
This isn’t the first time meme coins have captured traders’ attention. In 2021, Dogecoin (DOGE) and Shiba Inu (SHIB) saw massive gains thanks to Elon Musk’s tweets. More recently, Pepe Coin (PEPE) and other AI-driven tokens have followed the same pattern—gaining value based on hype rather than actual utility.
While some traders see quick profit opportunities, others warn that these coins could be pump-and-dump schemes, leading to massive price drops once the hype fades. Binance’s decision to list these tokens highlights how major exchanges capitalize on trends, but also raises concerns about listing standards.
The post Crypto Weekly Roundup: Pi Network’s New DEX, Trump’s Crypto Move, Grayscale’s Altcoin Update & More appeared first on The Cryptoplay : All updates about Cryptocurrency worldwide.
