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Pi Network to invest $100M in startups building blockchain apps

Mobile-first blockchain Pi Network has launched a $100 million fund to invest in initiatives built on its infrastructure.
According to a May 14 announcement, the Pi Foundation is launching Pi Network Ventures with an initial investment of $100 million in Pi (PI) tokens and US dollars. The fund
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Sonic Labs wins judgment for Multichain Foundation to wind up

A Singapore High Court has ruled in favor of Sonic Labs’ motion to force the Multichain Foundation to wind up in an effort to recover funds stolen during a 2023 hack.
In the May 9 judgment in the Singapore Supreme Court, Justice Kwek Mean Luck granted a request from Sonic Labs, formerly the
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Chainalysis CEO offers a clue into the recent spate of Paris crypto attacks

Some criminal organizations are yet to receive the memo — crypto is traceable — and could explain the recent string of crypto-related kidnappings, says Chainalysis CEO Jonathan Levin
Law enforcement has been increasingly successful at tracing stolen funds and crypto ransom payments, resulting in a
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Dems seek suspicious activity reports linked to Trump crypto ventures

US Democrat lawmakers have sent a letter to the US Treasury demanding access to suspicious activity reports (SARs) on several Trump-backed crypto projects as part of the latest probe into the president’s digital ventures
Penned by representatives Gerald Connolly, Joseph Morelle, and Jamie
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