Category: Web3

Ethereum Foundation Offloads More ETH as Prices Dip to $3,000

ETH slumped to $3K as the Ethereum Foundation sold 100 ETH amid market chaos, liquidations, and bearish vibes.



The crypto market’s feeling the heat, and Ethereum’s caught in the storm. ETH just tanked to $3,057, down 7.4% from its daily high of $3,434, with the Ethereum Foundation adding to the drama. They sold another 100 ETH for $307K DAI via CoW Protocol, bringing their total sales this month to over $13M.

Vibes? Bearish AF. Bitcoin took a dip to $99K yikes, and altcoins aren’t left out, most are swallowing their losses in double digits. The chaos pumped ETH trading volume up 130% in the past 24 hours, but it’s not helping. The foundation sell-off has come along as a part of a major slump, with $660 million in long and short positions being liquidated early on Jan 27.

Vitalik Buterin and the Ethereum Foundation have been in the spotlight lately, especially after Vitalik announced plans to shake up the foundation’s leadership and backed Etherealize, a new institutional BD arm. But that hype hasn’t saved ETH from dipping to a crucial $3K support level.

The broader crypto market’s down 7% in 24 hours, with trading volume soaring to $153B—a 90% spike. TL;DR: It’s messy out there, and ETH isn’t catching a break.

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Propy’s Crypto Loans Let You Buy Tokenized Real Estate Fast

Summary: Propy is shaking up real estate by letting buyers use crypto to snag tokenized properties, starting with a $250K condo in Hawaii on January 29. With instant loans backed by Bitcoin, Ethereum, and the property itself, this is real estate done fast and futuristic.

Propy just changed the real estate game. The company now offers crypto-backed loans to buy tokenized properties, letting buyers skip the boring 30-day wait. Instead, you can close the deal almost instantly. First up? A $250K beachfront condo in Honolulu, Hawaii, going live on January 29.

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Here’s how it works: You pay in Bitcoin or Ethereum, use the property as collateral, and snag a loan at a 10% interest rate. The kicker? Once you repay the loan, you get your crypto back. So, if you’re diamond-handing your Bitcoin but still want a sweet new pad, this is the move.

The condo, located at 410 Atkinson Drive, comes with luxe hotel-style perks like a pool, gym, and concierge. It’s being sold as a tokenized asset, meaning ownership is locked in on the blockchain. Transactions are fully transparent, so no sketchy business here.

And forget the old-school hassle. Propy’s platform handles everything—no lawyers, brokers, or title companies needed. You can check the inspection report, bid, and close the deal in minutes. It’s fast, it’s smooth, and it’s 100% online.

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Propy is already licensed in Florida, Colorado, and Arizona, and according to CEO Natalia Karayaneva, this isn’t just a cool new feature; it’s the future of real estate.

Elon Musk Wants to Use Blockchain to Fix U.S. Government Waste

Summary: Elon Musk, now “Head of the Department of Government Efficiency-DOGE,” is seeking to employ blockchain technology in the monitoring of spending, protection of data, and waste reduction by the government. Setting deadlines of Dec. 6, 2023, and July 4, 2026, DOGE strives to make leaner, quicker, and far more transparent government.

Elon Musk teamed up with Trump, took care of government inefficiency, and look at what happened: he is looking at blockchain for this. As the boss of the freshly baked Department of Government Efficiency-just called DOGE-Musk needed to cut useless expenses and make everything really transparent.

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DOGE’s mission was created through an executive order signed on Jan. 20, and deadlines are already in place. By December 2023, they want to ID inefficiencies, and by July 2026, those inefficiencies better be gone.

Musk’s team has already been in talks with blockchain bigwigs since October, brainstorming how to use the tech for tracking government spending, securing sensitive data, processing payments, and even managing government-owned properties. But which blockchain they’ll use? Total mystery for now.

Critics, though, aren’t all in. Some argue public blockchains like Bitcoin are a no-go because they’re too decentralized, while private blockchains might just recreate problems we already have. Still, some institutions, like California’s DMV, are already flexing blockchain tech, so there’s hope.

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This push for blockchain aligns with Trump’s pro-crypto policies. He’s been all about cutting waste since his 2024 campaign, and Musk’s team—100 volunteers strong—might be the key to modernizing the government. Whether it works or not, one thing’s for sure: DOGE isn’t just about Dogecoin anymore.

Pi Network Introduces Email Verification for Secure Account Recovery

Pi Network now lets you recover accounts via email! With KYC deadlines and mainnet launch near, secure your Pi ASAP!



Pi Network just stepped up its security game by adding email verification for password recovery. No more being stuck if you forget your password—now, you’ve got an extra method to regain access. Along with the SMS verification, Pi Network will send you a verification link via email, making it easier and safer to reset your password.

This update is pretty crucial, especially with the Grace Period deadline coming up. Pi Network extended the Grace Period to January 31st of this year, giving Pioneers more time to secure their accounts and protect those Pi coins. So, don’t sleep on it—make sure you’re all set for the mainnet launch happening in Q1, this year.

And speaking about securing your account, Pi Network really urges users to complete their KYC verification. This is, of course, very important to prepare your account for the mainnet that is to come. The clock is ticking, and now is the time to get things in order.


With all these changes, this year Pi Network is prepping for some serious moves. Get your Pi secured and stay ahead of the game!

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U.S. Crypto Tax Shake-Up: Zero Taxes, DeFi Drama, and Ted Cruz’s Bold Move

Summary: Eric Trump says that, going forward, U.S. crypto investors could have zero capital gains tax on domestic projects such as XRP and HBAR while placing a heavy 30% tax on all foreign crypto investments. This would lead to a big boost in U.S.-based crypto innovation.

Eric Trump just dropped a bombshell: No more capital gains tax for U.S.-based crypto projects like XRP and HBAR. That’s right—if you’re into these coins, cashing out might soon be way less painful. But hold up—crypto projects outside the U.S. aren’t getting the same love. They’ll still face a harsh 30% tax, which could drive even more innovation to U.S. soil. Big win for local projects, right?

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Meanwhile, in D.C., Ted Cruz is bringing the heat. He’s taking on a new IRS rule that targets DeFi platforms. Starting December, the IRS wants DeFi brokers to snitch—reporting transaction details, names, and addresses on Form 1099. Cruz thinks this is a huge L for privacy, decentralization, and crypto innovation.

Here’s the tea: Cruz, a hardcore anti-CBDC guy, says this IRS rule makes zero sense for decentralized systems. His plan? Scrap it in 60 days using the Congressional Review Act. And since he’s got the Republican majority in Congress, this might actually happen.

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Bottom line: These updates could totally reshape U.S. crypto taxes and regulations. If Cruz succeeds, DeFi could stay true to its roots, and the U.S. could flex even harder as a crypto hub.

a16z Shifts Focus to U.S., Halts UK Crypto Plans Post-Trump Victory

a16z ditches UK crypto plans, backs Trump’s pro-crypto vibes, shifting focus to U.S. as Bitcoin hits $109K.

Silicon Valley’s Andreessen Horowitz (a16z) is switching things up, pulling back on UK crypto moves and turning its focus to the U.S. Why? Trump’s back in the White House, and his pro-crypto stance has the industry buzzing. His administration’s new executive order pushes digital assets and hints at creating a national crypto reserve.

a16z, which opened its first international office in London back in 2023, is now scaling down operations there. The firm’s founders, Marc Andreessen and Ben Horowitz, are riding the Trump train, even advising on policies. Meanwhile, Sriram Krishnan, who used to lead a16z’s London game, joined Trump’s squad last year.

Trump’s return as the 47th president has brought big crypto energy, with promises of lighter regulations and a focus on innovation. Binance’s CZ even tweeted that the U.S. is back in the game, forcing other countries to step up. Bitcoin felt the hype, skyrocketing to $109K on inauguration day—its highest ever.

Though a16z might still back UK projects from across the pond, their local presence was never major. With $43B in assets, they’ve supported names like Arweave and Aztec, but now it’s all about chasing U.S. crypto dreams.

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Virtuals Embraces Solana, Driving Crosschain AI Advancements

Virtuals hops on Solana for speed, scalability, and cross-chain vibes. Plus its backing creators with grants, partnerships, and multichain dreams.



Virtuals, the booming AI agent platform, just leveled up by joining the Solana blockchain. Already crushing it on Ethereum’s Layer-2 Base, this move shows they’re serious about becoming a true cross-chain powerhouse. Why Solana? It’s fast, super scalable, and has a squad of devs ready to innovate.


Launched in October 2024, Virtuals has trained over 16,000 AI agents, proving they’re not here to play. By tapping into Solana, they aim for smoother scalability, less network chaos, and a multichain future that vibes with everyone.

They’re not just showing up—they’re going all in. Virtuals plans to launch a Strategic Solana Reserve (SSR), converting 1% of trading fees into SOL to support long-term growth. Plus, they’ve partnered with Solana DeFi legends like Meteora, Jupiter Exchange, and LayerZero to keep transactions seamless.

The cherry on top? A grants program pledging 42,000 VIRTUAL tokens to back fresh creators on Solana and Base. Critics worry about their Base presence, but Virtuals isn’t stopping here. They’re eyeing even more blockchain bridges to dominate the cross-chain scene.

This year’s looking like the year of cross-chain vibes, and Virtuals is ready to make it theirs.

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MicroStrategy Faces Potential Billion-Dollar Bitcoin Tax Dilemma

MicroStrategy might owe billions in taxes on unrealized Bitcoin gains due to new CAMT rules, risking its long-term hodl strategy.



MicroStrategy’s Bitcoin obsession might backfire big time, thanks to new tax rules under the 2022 Inflation Reduction Act. The Corporate Alternative Minimum Tax (CAMT) slaps a 15% tax on financial income, even if no Bitcoin is sold. Since the company’s Bitcoin stash is worth over $18 billion, their tax bill could hit $4 billion if the IRS doesn’t cut them some slack.

Here’s the deal: unlike regular Bitcoin hodlers who only pay taxes when they sell, MicroStrategy could be taxed on paper profits. While the IRS excludes unrealized stock gains from CAMT, they haven’t done the same for Bitcoin yet. MicroStrategy’s pushing for Bitcoin to be treated like stocks, but it’s a toss-up whether the IRS will budge.

Making it worse, new accounting rules mean MicroStrategy has to report Bitcoin’s market value, which pumps up earnings—and taxes. If they can’t get an exemption, they might have to sell Bitcoin, which totally kills their hodl-and-chill vibe.

Still, with IRS rules up in the air, MicroStrategy is stuck waiting. The Bitcoin tax saga shows just how dicey it can be to pay taxes on super-volatile assets. One wrong move, and the company’s future could be shaky.

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India’s ED Investigates Paytm, RazorPay, and PayU in $25M Crypto Scam

Overview: A probe into the $25.5 million crypto scam by the Indian Enforcement Directorate puts big payment players like Paytm, RazorPay, and PayU in the limelight. The investigation, having frozen upwards of more than $5.81M thus far, has reportedly exposed large loopholes in how suspicious transactions were treated.

The HPZ Token scam has India’s financial regulators on red alert. This crypto mining scheme duped people in 20 states, raking in millions before transferring the loot overseas. Now, the ED is investigating eight payment gateways, including big names like Paytm, RazorPay, and PayU, for their part in processing such fraudulent transactions.

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The crackdown unveiled frozen funds across the platforms: PayU leads the chart at $1.51M, Easebuzz follows with $387K, and RazorPay stands at $208K. The reports quote these companies to have helped in facilitating the bulk transactions without flagging suspicion. The ED is grilling the companies as to whether or not they filed the Suspicious Transaction Reports with the RBI or the Financial Intelligence Unit.

This scam operated through more than 50 companies in Delhi and Karnataka, with operations spilling over into Maharashtra and Gujarat. ED is now tracing the cash trail, closing in on crypto fraud.

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This bust is a wake-up call to everybody riding the crypto wave in India. Always DYOR, folks.

Ross Ulbricht Walks Free After Trump’s Pardon

Summary: Ross Ulbricht, the founder of Silk Road marketplace, is finally out free after 11 years in prison. Pardoned by Donald Trump, Ross Ulbricht deeply thanks the administration and calls the moment “life-changing” and a “win for second chances.”.

Wow, crypto fam, Ross Ulbricht is finally free from prison. The former owner of Silk Road was granted a full pardon by Donald Trump himself on Wednesday out of his life sentence without parole. In jail since 2015, Ulbricht was convicted of operating a dark web marketplace that could handle anonymous transactions.

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Ulbricht took the moment to thank Trump, saying, “This changes everything for me. I’m beyond grateful for this second chance—a shot at freedom and a future. It’s not just my win; it’s a win for everyone who believes in redemption.”

But the move has sparked heated debates. Critics worry about crypto’s shady rep in illegal trade, while supporters see this as a huge W for justice and freedom. Within the crypto community, the pardon is being hailed as Trump sticking to his promises to back decentralized tech.

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Where the chips will fall from here is anyone’s guess, but for Ulbricht, it’s the start of a new chapter, one that could reshape the crypto narrative.

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