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Vanar Chain tackles AWS-style outages with AI-powered data storage

Vanar Chain, a layer-1 blockchain network, has launched a new artificial intelligence-powered compression and data authentication layer designed to address the industry’s longstanding issue with onchain storage.

Vanar Chain is launching Neutron, an AI-native blockchain layer with data compression ratios of up to 500:1, which can reduce a standard 25 megabyte file to just 50 kilobytes, transforming it into a “Neutron Seed” that can be stored on the blockchain ledger.

The new blockchain compression layer aims to solve the industry’s data storage issue, with traditional blockchains lacking the capacity to store data, only to reference it.

This design introduces potential single points of failure. Vanar’s Neutron aims to solve this by enabling fully onchain, verifiable data storage.

Neutron is a “world first” which “handles both physical file compression and semantic compression, meaning it compresses not just the file itself but the meaning inside it,” Jawad Ashraf, CEO of Vanar

Bitcoin traders predict BTC price gains ahead of $96K liquidity clash

Key points:

Bitcoin consolidates after upside momentum stalls, but traders are confident that upside breakout will result.

Major risk-asset volatility is expected as US macro data precedes the monthly candle close.

April BTC price performance is on track to be the best since 2020.

Bitcoin (BTC) spent another day around $95,000 on April 30 as volatility waited in the wings.

BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBitcoin enjoys the calm before the storm

Data from Cointelegraph Markets Pro and TradingView showed calm trading conditions with hours to go until the monthly close and key US macro data.

The latter comes in the form of Q1 GDP and the March print of the Personal Consumption Expenditures (PCE) index, known as the Federal Reserve’s “preferred” inflation gauge.

The day prior, trading resource the Kobeissi Letter meanwhile pointed to consensus implying a negative

Bitcoin volatility lowest in 563 days, Hayes predicts $1M BTC by 2028

Bitcoin is showing signs of maturity as a global financial asset, with price volatility dropping to its lowest level in more than 500 days, according to new research.

Volatility refers to the degree of variation of a trading price over time, which indicates the uncertainty about the size of changes in an asset’s value.

Bitcoin (BTC) weekly volatility hit a 563-day low on April 30, said Vetle Lunde, the head of research at K33 Research.

Source: Vetle Lunde

Bitcoin’s decreasing volatility suggests BTC is maturing as a global financial asset, leading to a more stable price trajectory.

Bitcoin has become the seventh-largest asset globally by market capitalization, reaching $1.87 trillion. It now ranks above Silver, Meta and Saudi Aramco, according to Companiesmarketcap.

Top 10 global assets by market capitalization. Source:

Circle taps Onafriq to cut Africa’s cross-border payment costs with USDC

Stablecoin issuer Circle has partnered with Onafriq, Africa’s largest payments gateway, to reduce the high cost of cross-border payments across the continent using USDC.

According to a press release shared with Cointelegraph, Circle aims to pilot USDC (USDC) settlements within Onafriq’s vast network, which connects over 500 wallets and 200 million bank accounts in more than 40 countries.

“By integrating USDC, we aim to simplify financial transactions for institutions and individuals, reduce costs and strengthen trust,” Onafriq founder and CEO Dare Okoudjou said.

He added that the integration of USDC will simplify transactions and boost trust in digital financial services.

Currently, over 80% of intra-African transactions are routed through correspondent banks outside the continent and settled in foreign currencies like the US dollar or euro. This results in approximately $5 billion in fees annually.

Africa has huge

Is Bitcoin a hedge against inflation in 2025?

Understanding inflation and the need for hedges

Bitcoin’s supply-and-demand dynamics, in addition to growing institutional adoption, position it as a potential hedge against inflation in 2025. However, its high volatility and centralization concerns mean it remains a speculative asset rather than a guaranteed safeguard against inflation.

What is inflation?

Inflation refers to the general increase in the prices of goods and services in an economy over time, leading to a decrease in the purchasing power of money. As prices rise, each unit of currency buys fewer goods and services. Inflation is typically measured by indexes such as the Consumer Price Index (CPI), which tracks the average change in the prices paid by consumers for a basket of goods and services.

Traditional inflation hedges

To protect against the eroding effects of inflation, investors have traditionally turned to certain asset classes known to retain value or appreciate during

Read More at https://cointelegraph.com/explained/is-bitcoin-a-hedge-against-inflation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Where and how to sell Pi Coin: A step-by-step guide

Key takeaways

Set up your Pi Wallet and secure it with a 24-word seed phrase before transferring your coins.

KYC is often required on both CEXs and P2P platforms to transfer and sell Pi Coins.

You can sell Pi through CEXs or P2P platforms, each offering different security, speed and control.

Always do your own research (DYOR) before selling or holding, as expert opinions on Pi’s future vary.

If you’re here, you probably already know what Pi Coin is and just want to figure out how to sell it. However, a recap awaits, in case you need one.

While the project pitches itself as a way to democratize crypto access through mobile mining, there are some major concerns that have been hard to ignore:

Pi claims over 60 million users, but blockchain explorers show only about 9.11 million wallets, with daily active users closer to 20,000.

Six years

Banks must adopt crypto or be extinct in 10 years, Eric Trump says

Eric Trump, executive vice president of the Trump Organization and son of US President Donald Trump, has delivered a warning to global banks regarding cryptocurrency adoption.

Banks around the world will have to adopt cryptocurrency or go extinct in a decade, Trump predicted in an interview with CNBC’s Dan Murphy in Dubai on April 30.

“The modern financial system is broken, it’s slow, it’s expensive,” the businessman said, adding that the existing banking system “favors the ultra-wealthy.”

“It forced me into the crypto world,” he continued, adding: “And I’m telling you, if the banks don’t watch what’s coming, they’re going to be extinct in 10 years.”

SWIFT is an “absolute disaster”

While emphasizing the need for banks to closely monitor developments in the crypto industry, Trump highlighted the benefits of cryptocurrency’s underlying blockchain technology for the financial system.

He slammed the existing cross-border transaction solutions like the global international messaging network

TON’s Broxus launches blockchain app scalability platform TON Factory

The Open Network (TON) ecosystem participant Broxus has unveiled TON Factory, a new platform designed to accelerate the development and scalability of high-throughput applications like decentralized exchanges (DEXs) and blockchain-based games.

In an April 30 post on Telegram, the project said TON Factory aims to help developers rapidly build and scale projects with modular components, integration tools, and hands-on expert support.

“For OGs already building on TON, TON Factory helps you scale further,” the announcement stated.

The initiative is backed by a team of over 150 engineers with experience delivering production-ready infrastructure in the TON ecosystem, per the announcement.

Source: TON

Broxus’ Tycho Protocol powers TON Factory

The underlying architecture leverages Broxus’ Tycho protocol, which combines the TVM with a Directed Acyclic Graph (DAG) consensus mechanism.

This hybrid design is intended to

Ethereum ETF staking will have little impact without multimonth rally: Analyst

Key takeaways

Approving staking for spot Ether exchange-traded funds (ETFs) in the US may have a minimal impact on inflows unless Ether sees a sustained rally, says Eric Balchunas

ETH dropped significantly in price after the launch of the ETFs last year, unlike spot Bitcoin ETFs, which saw new all-time highs just two months after launching.

Balchunas said that for inflows to increase again, ETH would need a multimonth run and a strong narrative.

Spot Ethereum ETFs being able to stake a portion of the tokens under their control may not help garner inflows without a more sustained rally in the token’s price, says Bloomberg ETF analyst Eric Balchunas.

Balchunas said on an April 29 episode of the New Era Finance Podcast that staking being approved for Ether (ETH) ETFs would have “a little” impact on inflows, adding “it’s only going to help — it

SEC drops investigation into PayPal’s stablecoin

PayPal says the US Securities and Exchange Commission has abandoned its investigation into the payment giant’s US-dollar stablecoin.

PayPal said in an April 29 regulatory filing that the SEC concluded its investigation into PayPal USD (PYUSD) and wouldn’t be taking any action.

The company said it received a subpoena from the SEC’s Division of Enforcement over its stablecoin in November 2023.

“The subpoena requests the production of documents. We are cooperating with the SEC in connection with this request,” PayPal stated at the time.

In its latest filing, the firm said the SEC notified it in February that the agency “was closing this inquiry without enforcement action.”

PayPal has said its stablecoin is 100% redeemable for US dollars and “fully backed” by dollar deposits, including short-term treasuries and cash equivalents.

However, the stablecoin has struggled to gain momentum in a crowded market dominated by rivals Tether