Canary Capital launches Axelar trust, AXL jumps nearly 13%

Bradley Tusk, co-founder and managing partner at Tusk Venture Partners, stated on Monday that China remains dominant in producing cheap artificial intelligence products at scale but the United States still leads in creating the world’s best technology and innovation. Speaking on CNBC’s “The Exchange,” Tusk emphasized that free-market competition, not heavy government control, is the key for U.S. companies to maintain their edge in the global artificial intelligence race. “If the question is who can produce the cheapest products at the lowest quality, fastest, that’s still China for sure,” Tusk said. “But when it is who can produce the absolute best products, the best technology, the best innovation, that’s still the United States.” Tusk cautioned that increased government intervention could backfire. Specifically, open markets where companies can access global materials and sell products without heavy restrictions, are vital for maintaining the U.S.’s technological leadership. However, he said he does not have enough faith in any government, regardless of political party, to manage such ambitions. You might also like:https://crypto.news/crypto-is-the-currency-of-artificial-intelligence/ Keeping China ‘in a box’ could backfire While current U.S. policy has focused on restricting China’s access to advanced chips and AI technologies, Tusk warned that this strategy might aid in Chinese innovation. He cited DeepSeek, a Chinese company that developed a more energy-efficient AI model after being cut off from U.S. technology, as an example. “The more that we keep them in a box, the more they’re going to end up being more innovative,” Tusk said. At the same time, he acknowledged that there are competing views, some believe that isolating China could stunt its progress. “No one actually knows the answer,” he said, emphasizing the complexity and unpredictability of the situation. Energy policy tied to AI competition Tusk also connected America’s AI competitiveness to its energy policies. Building cutting-edge AI models requires massive computational resources, which in turn demands large amounts of energy. Tusk urged the U.S. government to streamline the approval process for new energy infrastructure, including nuclear plants and renewable projects. He said he wants to see the Trump administration create a program that incentivizes cities and states to “compete against each other” in a race to remove permitting and regulatory obstacles. He called for reducing barriers related to environmental reviews, community approvals, and labor rules that often delay energy projects critical to supporting future AI growth. While acknowledging that President Trump opposes wind energy, Tusk argued for an inclusive approach that supports all viable energy sources, including nuclear, wind, and solar, to meet the nation’s escalating computational needs. You might also like:https://crypto.news/ai-agents-hold-the-keys-to-the-memecoin-renaissance/

Pi Network is trading at $0.6894 at the time of writing, marking a 6% daily loss and a 15% slide over the past 7 days. After reaching a peak of almost $3 in February, Pi Coin (PI) has now dropped more than 75%  and is struggling to maintain any lasting momentum. May began on a promising note for Pi holders. The price surged almost 200% in a matter of days, reaching a local high of $1.67.  But what followed was a steep and steady decline that erased most of those gains. As traders weigh in on their next move, PI is hovering just above a crucial support level and is trapped in a narrow weekly range between $0.688 and $0.816. Trading volume has increased despite the decline, rising more than 42% in the past day to over $158 million, suggesting increased market activity.  On-chain data, however, show an increase in exchange inflows, indicating that more tokens are being positioned for sale. Selling pressure is anticipated to continue as 263 million PI are scheduled to unlock in June, followed by 233 million in July and 132 million in August. You might also like:Pi Network price could miss out on the crypto bull run as insiders sell From a technical standpoint, the trend is decisively bearish. All of the major moving averages, such as the 10, 20, 50, and 100-day EMAs and SMAs, are above the price. After a spike in volatility in early May, the Bollinger Bands are tightening. PI is now trading near the lower band, indicating that selling pressure is still present. Pi Coin price analysis. Credit: crypto.news Momentum indicators support the bearish view. The moving average convergence divergence is still negative and below the signal line, suggesting that the downward trend might continue. Furthermore, the awesome oscillator, which gauges market momentum by looking at recent price movements, is in the red, indicating that the downside pressure is still present. At 43.6, just below neutral territory, the relative strength index shows a weak level of bullish conviction. Meanwhile, the stochastic RSI sits near 2.77, deeply oversold, yet without any reversal signal, this alone does not justify a long position. The average directional index is currently at 29.9, just below the crucial 30 level. The ADX shows the strength of the trend but not its direction. In this case, it suggests that although the downtrend is still quite strong, it might be nearing its end.  A persistent breach above the $0.75–$0.78 range may cause sentiment to change. If not, $0.60 and $0.50 are the next significant support zones. The path of least resistance is still downward as more tokens come into circulation and the demand fails to keep up supply.  Pi Network is attempting to create long-term value despite these short-term risks. The recently launched $100 million Pi Network Ventures fund is focused on projects with real-world applications in e-commerce, fintech, gaming, and artificial intelligence. However, until fundamentals translate into increased demand, the technicals remain weak. Read more:Interview | Inside Pi Network’s $100m fund for real-world utility

Alexander Gurevich, a dual Russian-Israeli citizen, was arrested at Israel’s Ben-Gurion Airport on May 1 while attempting to flee to Russia under a new name.  The 47-year-old is accused of participating in the 2022 hack of US-based Nomad, a crypto bridge, which resulted in the theft of nearly $190 million in digital assets, according to reporting from The Jerusalem Post.  According to a US extradition request, Gurevich exploited a vulnerability in Nomad’s code, withdrawing about $2.89 million in tokens.  He later contacted Nomad’s CTO under a false identity, apologized, returned a fraction of the funds, and demanded a $500,000 “reward” for finding the bug.  Authorities say he ceased communication after Nomad offered him 10% of the stolen assets. Gurevich changed his name to “Alexander Block” on April 29 and obtained a new passport the next day. Israeli police arrested him at the airport before he could board his flight. He appeared in court on May 2 in handcuffs. You might also like:‘I haven’t even looked’: Trump claims he doesn’t know what his crypto is worth 20 years in prison US prosecutors filed an eight-count indictment against Gurevich in 2023, including computer fraud and money laundering charges.  If convicted in the US, he faces up to 20 years in prison — substantially more than he would under Israeli law. Gurevich immigrated to Israel in 2017 but reportedly spent much of his time abroad, including in Africa. His extradition is being pursued by Israel’s State Attorney’s Office, with a hearing scheduled for Sunday. You might also like:Dow slips 200 points ahead of key Fed meeting

Aave Labs 创始人 Stani Kulechov 已确认不会为 Horizon 创建新的代币，Horizon 是 Aave 将现实世界资产整合到去中心化金融中的计划。 根据 Kulechov 3 月 16 日在 X 上的帖子，Aave（AAVE）DAO 已达成明确共识，反对为 Horizon 推出额外的代币，开发团队将尊重这一决定。Horizon 于 3 月 13 日宣布，作为将 RWA 集成到 DeFi 中同时满足机构标准的一种手段。 Aave DAO 的总体共识是，对其他代币不感兴趣。共识将得到尊重，Aave DAO 是一个真正的 DAO。一旦找到正确的方法，RWA 探索将继续进行。只有 $AAVE。pic.twitter.com/tQSb51gmvw— Stani.eth (@StaniKulechov) 2025 年 3 月 16 日 该提案采用了收益共享模式，并可能将 15% 的代币分配给 Aave DAO。社区中的许多人认为，新代币可能会削弱 AAVE 的价值，并转移其作为生态系统主要治理和实用资产角色的焦点。 知名开发者和社区成员对此表示担忧，建议应采用替代策略来创造收入和流动性。Kulechov 对此作出回应，称 Aave Labs 将尊重 DAO 的立场，继续前进，而不会发行新代币。 你可能还喜欢：Aave 价格预测：2025 年有机会创下历史新高吗？ 此外，他强调，Aave DAO 是一个完全去中心化的组织，由社区成员做出治理决策。 鉴于代币提案已被废弃，Horizon 的未来仍不确定。该项目的最初目标是通过允许代币化货币市场基金作为稳定币贷款的抵押品来连接 DeFi 和机构金融。 它将作为 Avara 旗下的 Aave 许可实例进行开发，以确保法规遵从性，同时保持 DeFi 的效率和透明度。 Aave 进军 RWA 领域与该行业的爆炸式增长相吻合。根据 RWA.xyz 的数据，链上 RWA 价值在过去一个月增长了 19%，达到 186.3 亿美元。仅链上国库券的价值在过去一年中就增长了 400%，达到 42.6 亿美元。 代币化资产继续获得贝莱德等领先机构的重大投资。3 月 13 日，贝莱德的代币化美国国债基金 BUIDL 的规模超过 10 亿美元。分析师表示，未来十年，RWA 市场规模有望增长至 16 万亿美元，凸显其成为全球金融主要力量的潜力。 阅读更多：Ondo Finance 在 NAVI 协议上发起 RWA 活动，以推动 USDY 的采用

加密货币上下坡解决方案平台 Ramp Network 宣布，用户现在可以通过 MetaMask 直接从以太坊第 2 层网络出售他们的加密货币。 Ramp Network 在一份声明中表示，它已与 MetaMask 合作，可以直接从 Optimism、Polygon 和 BNB Chain 等第 2 层网络提取以太坊 (ETH)。此次合作意味着 MetaMask 用户无需连接到以太坊主网即可将其代币出售为法定货币。 Ramp 与基于以太坊的钱包的首次合作是在 2023 年 9 月。 MetaMask 由 web3 软件工作室 Consensys 所有，是一款领先的非托管加密钱包，可连接大多数去中心化应用程序。 你可能还喜欢：Vitalik 在持续的争议中为以太坊基金会辩护 此次合作的最新进展将通过支持超过 35 种当地货币为用户提供直接套现。该平台指出，该平台支持 130 个国家/地区。在第二层网络上拥有 ETH 的 MetaMask 用户可以通过当地银行套现为法定货币。