Cryptocurrency News Roundup: Pi Network Deadline, Nvidia Investigation, NFT Launches & More
January 31, 2025 – The cryptocurrency world is buzzing with activity, with key developments across various sectors. From looming deadlines for Pi Network users to a potential breach investigation concerning Nvidia chips, this round-up covers some of the most significant news.
Pi Network Faces User Backlash Over Imminent Deadline
Users of the Pi Network are reportedly losing patience as the deadline for completing KYC (Know Your Customer) applications and Mainnet checklists approaches. The Pi Network team issued a critical notice requiring users to complete these steps by February 28, 2025, to avoid forfeiture. The implications of this are significant, potentially impacting millions of users who may struggle to meet these requirements.
US Investigates DeepSeek’s Access to Nvidia Chips
U.S. officials are reportedly investigating Chinese AI startup DeepSeek’s possible acquisition of high-end Nvidia chips via Singapore. The investigation centers around the potential circumvention of American export bans. This could be a major development with implications for national security and the global tech landscape.
Virtual Game CDs Launch as NFTs
A new NFT collection, Compact Games, launched today. The collection features “virtual game CDs” as non-fungible tokens. Available on the Magic Eden marketplace, traders can mint and run these digital assets on desktop and mobile devices. This launch signifies a new avenue for gamified digital collectibles.
ANIME Token Surges Preceding Bithumb Listing
The native token of the Animecoin Foundation, ANIME, saw a notable surge of 12% after South Korean exchange Bithumb announced its listing. The meme coin spiked to an intraday high of $0.0502, representing a 15% rise. This suggests investor anticipation and potential for further price movements following the listing.
Securitize and Apollo Team Up to Tokenize Private Credit
Securitize and Apollo have partnered to launch the Apollo Diversified Credit Securitize Fund ($ACRED). This tokenized private credit investment product is designed for institutional and accredited investors. The initiative marks an innovative approach to tokenizing alternative credit strategies, increasing accessibility and liquidity.
