Bitcoin was created to eliminate the need for trusted intermediaries, but many institutions holding BTC still rely on opaque trust-based assumptions. This article argues that Proof of Reserves (PoR) should be a mandatory standard for Bitcoin treasury companies to align with the 'don't trust, verify' ethos. It examines the risks of rehypothecation, custodial failure, and 'paper Bitcoin,' draws parallels with the gold market's 'paper gold' problem, and highlights Metaplanet's transparent on-chain disclosure. The article outlines key components of a credible PoR framework—custody model transparency, on-chain address disclosure, encumbrance reporting, and regular updates—and calls on shareholders to demand verifiable proof. Early adoption of PoR is positioned as a strategic differentiator that builds trust and attracts institutional capital.

Pi Network announced that its open mainnet will go live on February 20, nearly three years behind schedule. The mobile mining project has been mired in controversy since its 2019 launch, criticized as an 'air coin' by Chinese state media and investigated for fraud in Vietnam. Following the announcement, OKX quickly listed Pi IOU tokens, triggering mixed reactions from the crypto community. The IOU price surged to $95.17 before settling around $79.97, up 64.9% in 24 hours. This article covers the project's background, mainnet rollout timeline, exchange listings, and community sentiment, urging caution for investors, especially older users who may face high sell pressure.

Pi Network, the controversial mobile mining project, has announced its Open Mainnet launch on February 20, 2026, ending nearly three years of delays. Since its inception in 2019, the project has faced accusations of being a pyramid scheme, a 'scam coin' by Chinese state media, and an investigation by Vietnamese authorities. The announcement triggered a 64.9% surge in the Pi IOU token price, reaching $95.17 before settling at $79.97. OKX quickly listed the token, drawing sharp criticism from analysts like Phyrex Ni, who called it 'the longest-living MLM coin.' The community is deeply split: some see it as a genuine ecosystem with 10 million real users, while others warn of massive sell pressure from elderly holders (<em>daye dama</em>) who could cause social unrest if prices crash. The mainnet requires KYC verification, and the outcome will be a critical test for both Pi Network and the broader crypto market.

Pi Network, the controversial mobile mining project, has announced its Open Mainnet launch on February 20, nearly three years behind schedule. OKX exchange promptly listed the Pi IOU token, sparking mixed reactions. The Pi IOU price surged to $95.17 following the news. The project has faced criticism from Chinese state media (calling it an 'air coin') and an investigation by Vietnamese authorities. Crypto community opinions are polarized, with concerns about retail investors (elderly) being caught in a potential pump-and-dump.

This article examines the true nature of US stock trading products offered by crypto exchanges, revealing that users do not own actual stocks but three derivative paths: tokenized spot, synthetic perpetual contracts, and traditional API routing. It highlights Alpaca's clearing monopoly (94% market share) and a five-layer structure leading to equity evaporation—loss of voting rights, contractual dividends, and absence of SIPC protection. The upcoming compliant tokenization service from DTCC may reshape the industry.

Coinbase said on X that the first real, 1:1-backed tokenized stocks are coming, allowing users to hold actual tokenized shares of U.S. companies, trade, hold and redeem them on-chain, and automatically receive dividends.

Coinbase said on X that its first real, 1:1-backed tokenized stocks are coming soon, enabling users to hold actual tokenized shares of U.S. companies, trade and redeem them on-chain, and receive dividends automatically.

Coinbase said on X that the first real, 1:1-backed tokenized stocks are coming, allowing users to hold actual tokenized shares of U.S. companies, trade, hold and redeem them on-chain, and automatically receive dividends.