Japan’s major brokerage groups are preparing crypto investment trust products as regulators work toward allowing funds to hold digital assets by 2028. 

SBI Securities and Rakuten Securities are already developing products inside their own groups, according to a Nikkei report.

The planned products could give retail investors crypto exposure through regular securities accounts. Today, many Japanese users still need exchange accounts or wallets to buy crypto directly. Investment trusts would reduce that barrier and place Bitcoin and Ethereum exposure inside a familiar fund structure.

SBI and Rakuten build in-house products

SBI Securities plans to sell products developed by SBI Global Asset Management. The funds are expected to focus on highly liquid assets such as Bitcoin and Ethereum, with both exchange-traded funds and investment trusts under review.

Rakuten Securities is also preparing crypto investment trust products through Rakuten Investment Management and other group firms. The company wants users to trade the products directly through smartphone apps, according to the report.

Moreover, Nomura and Daiwa have also announced plans to develop crypto investment trusts once the regulatory framework becomes clear. SMBC Group, including SMBC Nikko, has formed a task force to study possible products, while Asset Management One under Mizuho Financial Group has started early research.

A survey cited in market updates said 11 of 18 major Japanese brokerage firms may offer crypto investment trust products after approval. That shows broad interest from traditional finance, even before the rules are complete.

Japan’s crypto fund roadmap advances

Japan’s Financial Services Agency is expected to revise rules under the Investment Trust Act by 2028. The change would add crypto assets to the list of assets that investment trusts can hold.

Crypto.news reported that Japan recently reclassified crypto as a financial instrument under the Financial Instruments and Exchange Act. The change adds stronger market rules, including annual disclosure requirements and insider trading restrictions.

The same policy shift supports Japan’s plan to approve spot crypto ETFs by 2028. Crypto.news reported earlier that Nomura Holdings and SBI Holdings are expected to be among the first major firms to develop crypto-linked ETF products.

SBI’s broader crypto activity also continues. Market updates from crypto.news said the group has pursued Bitbank subsidiary talks and launched a Visa card offering Bitcoin, Ethereum and XRP rewards. Those moves show how Japan’s brokerage groups are building retail crypto access across funds, exchanges and payment products.

TLDR:

• China, the US, and UAE conducted their first-ever joint law enforcement operation targeting crypto fraud in Dubai.
• Authorities dismantled nine fraud compounds and arrested 276 suspects involved in romance-based crypto scams.
• Fraudsters built fake romantic relationships on social media before pushing victims into fraudulent crypto projects.
• China’s Ministry of Public Security pledged deeper global cooperation to combat telecom and cryptocurrency fraud networks.

Police authorities from China, the United States, and the UAE recently carried out their first joint international law enforcement operation in Dubai.

The operation targeted telecom and online fraud networks running cryptocurrency romance scams. Together, the three nations dismantled nine fraud compounds and arrested 276 suspects.

The groups used fake romantic relationships to pull victims into fraudulent crypto investment schemes, causing widespread financial losses globally.

Three Nations Unite Against Crypto Fraud Networks

The joint operation marked a historic step in cross-border law enforcement cooperation. China’s Ministry of Public Security confirmed the details on Sunday through an official statement. The coordinated effort brought together agencies from three major world powers for the first time.

Investigations revealed that the fraud rings operated through social media platforms. Suspects built romantic relationships with unsuspecting victims over time. Once trust was established, they pushed victims toward fake high-return cryptocurrency projects.

These schemes are widely known in the crypto space as “pig-butchering” scams. The term refers to how fraudsters fatten victims financially before draining their funds completely. Victims often lose life savings through these elaborate deceptions.

Xinhua News Agency confirmed the scale of the operation through an official post on X, stating that police from the three nations “dismantled nine fraud dens and captured 276 suspects in the operation.”

Operation Targets Nine Fraud Compounds Across Dubai

The law enforcement teams moved simultaneously across multiple locations in Dubai. Nine fraud compounds were dismantled during the course of the operation. A total of 276 suspects were taken into custody following the raids.

A Chinese Ministry of Public Security official described the operation as a major achievement in international policing.

The official further stated, “Chinese police will continue to deepen pragmatic cooperation with more countries, carry out joint crackdowns, thoroughly dismantle telecom fraud dens.” The statement reflected a firm commitment to sustained cross-border enforcement.

The official added that authorities would “make every effort to apprehend suspects involved in such crimes to effectively safeguard the legitimate rights and interests of people in all countries.”

That position signals a long-term enforcement strategy beyond this single operation. Protecting victims across borders remains a stated priority for Chinese law enforcement.

Crypto romance scams have grown rapidly over the past several years. Fraudsters exploit trust and emotional connection to manipulate victims financially.

Law enforcement agencies worldwide have been working harder to track and shut down these operations. This Dubai operation shows that international coordination is now producing concrete results on the ground.

Harborne Enters Britain’s Rich List with £18.2 Billion Fortune

Financier and cryptocurrency investor Christopher Harborne is up for re-entry on the 2026 Sunday Times Rich List in sixth place, with new political focus on his financial ties with Reform UK leader Nigel Farage.

The annual ranking, released Thursday, put Harborne’s net worth at £18.2 billion, bolstered mainly by his reported 12% stake in a stablecoin platform that has been founded by Tether, which is now estimated to be worth about $200 billion. The figure has made Harborne one of the nation’s wealthiest, and the most affluent British-born, to appear on this year’s list.

Harborne has been residing in Thailand for over 20 years and holds Thai citizenship as Chakrit Sakunkrit, having made his fortune from investments related to digital assets and financial technology. The magazine said his wealth is greater than all of Yorkshire’s 10 wealthiest residents.

Harborne’s financial details came on the same day as Parliament officially launched an investigation into whether Farage broke Commons’ conduct rules by not declaring a £5m gift he allegedly received from Harborne back in early 2024.

The inquiry was initiated by the Parliamentary Standards Commissioner under Rule 5 of the Commons Code of Conduct, which asks whether the payment was required to be recorded in Parliament’s register of members’ interests.

Harborne Emerges as Reform UK’s Largest Financial Backer

Farage has denied any wrongdoing, saying the payment was an “unconditional personal gift” to aid with his security costs. There was, he said, “no case to answer” and the cash was “a reward for campaigning for Brexit for 27 years.”

The row has raised concerns about Farage’s £1.4m property, which he bought within a few months of receiving the money, and which has been subject to a separate investigation into charges of breach of trust by the Leadenham Parish Council.

Since the creation of Reform UK, Harborne has become one of the biggest financial supporters of the party. He has given over £22 million to the party, including a £9 million donation in August 2025, first reported in the public record at the time as the highest donation ever by a living British individual to a political party.

Reform UK also became the first political party in the Westminster system to make public acceptances of cryptocurrency donations, adding to their ties with the digital asset sector.

The impact of Harborne goes beyond Westminster. The Liberal Democrats earlier this year requested the FCA to investigate Farage’s ties with Bitcoin treasury company Stack BTC, given his presence in a promotional video released by the business when he was alleged to hold a 6.31% stake in the company.

The developments put both Harborne and Farage at the heart of debate regarding political transparency, cryptocurrency financing and the increasingly significant role of digital wealth in British politics.

Frequently Asked Questions

Q1: Who Is Christopher Harborne

A British-born crypto investor linked to Tether and digital finance.

Q2: Why Is Harborne in the Spotlight

He entered the UK Rich List while facing scrutiny over ties to Nigel Farage.

Q3: What Is Farage Being Investigated For

Allegedly failing to declare a £5 million gift from Harborne.

Q4: How Much Has Harborne Donated to Reform UK

More than £22 million, including a record £9 million donation.

TLDR:

• A wallet dormant since 2013 transferred 500 BTC, triggering a 3% BTC price drop to $78,000 within hours.
• Alphractal data shows 72% of dormant wallet moves in 2026 resolved as OTC transfers within just 48 hours.
• Long positions near $79,400 were liquidated within 90 minutes of the Whale Alert ping at 19:16 UTC last week.
• The W-R Delta hit -1.8σ on the dump — a back-tested buy zone with 11 profitable resolves across 14 total events.

A dormant Bitcoin wallet that had been inactive since 2013 transferred 500 BTC to a fresh address at 19:16 UTC last week.

The move immediately preceded a 3% price decline, pushing BTC to $78,000. On-chain analysts at Alphractal have been tracking similar events since 2024.

Their data shows these transfers follow a consistent and tradeable pattern rather than a random market shock.

Old Supply Movements Follow a Measurable Structure

Alphractal’s monitoring system classifies dormant Bitcoin wallet transfers by the age of the coins involved. Wallets holding supply dormant for more than five years trigger an Accumulation Cohort Heatmap alert. Wallets inactive for over a decade generate a separate, higher-priority tier.

The distinction matters because supply dormant for ten or more years was acquired below $1,000. That cost basis creates a vastly different seller psychology compared to more recent holders.

When a transfer routes to a fresh, non-exchange address, Alphractal’s data assigns a 72% probability of an over-the-counter settlement. That figure comes from logging every qualifying transfer throughout 2026.

Transfers landing on exchange hot wallets represent only the remaining 28% of outcomes, which analysts treat as a fade signal rather than a directional one.

The 19:16 UTC transfer last week fit the OTC profile. Within 90 minutes of the Whale Alert notification, long positions worth exposure near $79,400 were liquidated.

The liquidation cascade followed the 4-hour chart’s pre-existing risk levels rather than appearing as a random wipeout.

The Sentiment Fade and Entry Signal After the Dump

Beyond liquidation mechanics, every dormant Bitcoin wallet awakening above ten years has reset Holder Sentiment by 8 to 14 points since 2024, per Alphractal’s tracking. That consistent sentiment shift creates a repeatable fade trade on the post-event tape.

Alphractal also cross-references the Smart Money Flow Index during these events. Real distribution, according to their framework, appears on the SMFI 30 minutes before the event and extends up to six hours after. Retail news coverage typically catches up well after that window closes.

The Active Distribution Cohort Index adds a further filter. Old supply unlocking shifts the ADCI’s distribution tail, which serves as a leading signal.

It helps analysts determine whether the move triggers a broader price wave or remains isolated to the immediate event window.

On the W-R Delta metric, last week’s dump registered at negative 1.8 standard deviations. Alphractal has back-tested that extreme across 14 comparable events since 2024, recording 11 profitable long resolves.

As the firm noted via X, “dormant supply moves are NOT bearish events. They’re liquidity transfers. The dump is the entry, not the exit.”

TLDR:

• Binance stablecoin netflows surpassed +$1.5B on May 14, reversing days of heavy outflows.
• ERC20 USDT drove most inflows, with only $99M in TRC20 USDT outflows recorded that same day.
• Deposit transactions on Binance neared 85,000 in a day, reflecting broad wallet-level activity.
• Stablecoin demand stays reactive to BTC price swings between the $80K and $82K trading range.

Binance stablecoin netflows recorded a sharp positive swing on May 14, exceeding +$1.5 billion in a single day. This came after several consecutive days of heavy outflows, including nearly -$1.3 billion on May 12 alone.

The turnaround points to a sudden shift in how investors are positioning liquidity on the exchange. Market sentiment, however, remains closely tied to Bitcoin’s price movements within its current trading range.

ERC20 USDT Leads Inflow Activity on Binance

The bulk of the May 14 inflows came from ERC20 USDT transfers onto the exchange. On-chain data shows only $99 million in TRC20 USDT outflows recorded throughout the same day.

This rules out a straightforward rebalancing between the two USDT networks as the primary driver. The movement, therefore, reflects a genuine directional shift in stablecoin demand.

CryptoQuant analyst Darkfost noted that previous days were dominated mostly by outflows before this reversal occurred. The swing from -$1.3 billion to +$1.5 billion within two days is a notable change in flow dynamics.

Still, Darkfost pointed out that demand remains erratic and largely reactive to short-term price action. Investors appear to move quickly when BTC approaches $82,000, then pull back just as fast below $80,000.

For this trend to carry weight, stablecoin netflows will need to hold consistently in positive territory over time. A single day of strong inflows does not confirm a structural change in market behavior.

Sustained positive flows would be a more reliable indicator of genuine buying interest. Until that happens, the current pattern reflects short-term sentiment rather than a broader accumulation trend.

Analysts continue to monitor these flows as a proxy for how liquidity is being directed across the crypto market. Stablecoin movements into exchanges often precede spot purchases, derivatives activity, or collateral positioning. Tracking them gives a clearer picture of where capital is sitting and how quickly it may deploy.

Deposit Transaction Count Hits Near 85,000 in a Single Day

Beyond raw dollar volume, the number of ERC20 stablecoin deposit transactions on Binance also spiked sharply. According to CryptoQuant researcher Rei Researcher, the metric reached nearly 85,000 transactions per day.

This figure measures individual transfer orders, not total monetary value. The spike points to a broad increase in the number of wallets actively moving funds onto the exchange.

Source: Cryptoquant

During volatile market periods, stablecoin deposits typically serve multiple purposes across different participant types. These include spot portfolio adjustments, collateral allocation, and token swaps.

The surge in transaction count shows that retail and institutional participants alike are responding to current price conditions. This level of activity, even in a slow market, confirms that liquidity interest remains present.

The combination of high inflow volume and elevated transaction counts shows that capital is actively moving, not sitting idle. Whether this translates into sustained buying pressure depends on how price action develops in the near term.

Iran has responded to a U.S. list of conditions for a possible peace deal, according to reports shared by The Kobeissi Letter. 

Tehran’s stated demands include an end to the war on all fronts across the Middle East, the lifting of U.S. sanctions, the release of frozen Iranian funds, compensation for war damages, and recognition of Iran’s sovereignty over the Strait of Hormuz.

The reported U.S. terms differ sharply. The list includes no compensation for Iran, no release of frozen assets, the transfer of 400 kilograms of uranium to the United States, and only one active nuclear facility. The ceasefire would also depend on further negotiations.

Bitcoin reaction remains cautious

Bitcoin (BTC) traded near $78,400, up 0.69% over 24 hours, based on crypto.news market data. Ethereum (ETH) traded at $2,190, while XRP, BNB, and Solana also posted small daily gains.

The short-term move showed limited relief, not a strong risk rally. Bitcoin remained down 2.94% over seven days, while Ethereum was down 5.81% over the same period. That gap shows traders still view the conflict as a market risk.

Crypto tracks Iran headlines

Crypto.news previously reported that Bitcoin held near $80,000 after President Donald Trump rejected Iran’s earlier peace response. BTC briefly dropped from $81,430 to $80,520 before rebounding above $82,000 within hours.

That pattern has repeated during the conflict. Peace signals have supported short relief rallies, while rejected proposals and military threats have pushed traders back into defensive positions. Earlier market updates said crypto remains sensitive to oil prices, the dollar, and Strait of Hormuz risk.

Notably, the Strait of Hormuz remains a key part of the market reaction. Crypto.news cited Reuters data showing the waterway carried about one-fifth of global oil and liquefied natural gas flows before the war began on February 28.

Japan’s largest brokerages are accelerating plans to give retail investors direct access to crypto through traditional investment channels. With SBI Securities and Rakuten Securities leading the way, in-house product development is underway for crypto-focused funds, including ETFs and investment trusts centered on liquid assets like Bitcoin and Ethereum. Major banks such as Nomura are expected to join once regulatory groundwork solidifies, signaling a potential sea change in how ordinary Japanese investors gain exposure to digital assets.

According to a Sunday report by Nikkei, SBI Securities plans to market funds developed by its group company SBI Global Asset Management, spanning both exchange-traded funds and investment trusts. The group aims to manage everything from product design to distribution in-house. Rakuten Securities is pursuing a similar path, pairing with Rakuten Investment Management to create products that can be traded directly from users’ smartphone apps. The overarching objective is to remove a key barrier—requiring dedicated crypto exchanges or wallets—by enabling crypto exposure through standard securities accounts.

Key takeaways

• Retail access to crypto via investment trusts and ETFs is moving from concept to potential rollout in Japan, led by SBI Securities and Rakuten Securities.
• Banks are pursuing crypto funds within existing corporate structures, with Nomura and Daiwa signaling intent to develop crypto investment trusts and SMBC exploring options through a cross-group task force.
• Regulatory momentum is building: the Financial Services Agency plans to revise the Enforcement Order of the Investment Trust Act by 2028 to formally include cryptocurrencies among permitted assets for investment trusts.
• Japan is eyeing the introduction of spot crypto ETFs as early as 2028, with major groups like Nomura and SBI expected to be early entrants, including SBI’s Bitcoin–XRP ETF and gold-crypto ETF plans.

Banks scaling crypto funds as regulation tightens

The Nikkei report underscores a broader industry shift as Japan’s financial giants position themselves for a crypto-enabled retail market. In addition to SBI and Rakuten, Nomura and Daiwa have publicly signaled plans to develop crypto investment trusts within their corporate groups. SMBC Group, including SMBC Nikko, has established a cross-group task force to evaluate options, while Asset Management One, under the Mizuho Financial Group umbrella, has begun preliminary exploration.

The regulatory backdrop is evolving in tandem with these plans. Japan’s Financial Services Agency is moving to revise the enforcement framework governing investment trusts by 2028, a change that would formally permit investment funds to hold cryptocurrencies. This aligns with a broader regulatory reorientation that has already seen crypto assets reclassified as financial instruments under an amended Financial Instruments and Exchange Act. If passed in the current parliamentary session, the amendments are expected to take effect in fiscal 2027, expanding the regulatory umbrella over crypto assets in securities markets. Cointelegraph reported on the reclassification, which marks a pivotal shift for product developers and distribution channels alike.

That regulatory trajectory is feeding into corporate strategy. The Nikkei coverage notes that several banks view crypto investment trusts not as a niche product, but as a strategic channel to deepen client engagement and broaden asset offerings in an era of digitization. For those institutions, the path from pilot programs to fully fungible products hinges on clear rules around custody, liquidity, and investor protections—areas that regulators are actively addressing as part of the 2028 timetable.

From trusts to potential ETFs: a broader roadmap for Japan

Beyond investment trusts, Japan is weighing more direct exposures to crypto through spot ETFs. Reports indicate that rule changes could permit crypto ETFs as early as 2028, with Nomura Holdings and SBI Holdings among the first to consider launching such products. The strategic logic is straightforward: ETFs offer a familiar, scalable channel for retail portfolios to gain crypto exposure without needing to navigate separate crypto exchanges or wallets. SBI, in particular, has publicly outlined plans for a Bitcoin-XRP dual ETF and a gold-crypto ETF, contingent on regulatory approvals.

The shift toward ETF-like structures complements the ongoing work on trusts. Investment trusts provide a framework widely used in Japan for packaged assets and can offer daily liquidity in some forms, while spot ETFs would provide a more direct, exchange-traded crypto vehicle. Both avenues reflect a broader move by Japan’s financial system to integrate crypto assets into mainstream investment products, signaling growing institutional comfort with digital assets as part of diversified portfolios.

As these developments unfold, observers will watch how the interplay between product design, custody solutions, liquidity management, and consumer protections shapes retail adoption. The convergence of in-house product development from major banks and a clear regulatory roadmap could shorten the timeline for broad-based crypto participation in Japan’s securities markets. The next milestones will hinge on regulatory milestones—such as the formal inclusion of crypto assets under the Investment Trust Act—and the timetable for implementing the 2027–2028 reforms that would unlock a wider range of crypto investment vehicles for everyday investors.

For readers tracking the practical implications, the core takeaway is clear: Japan is methodically moving crypto out of the isolated exchange world and into the fabric of mainstream financial services. If approved, spot crypto ETFs and regulated investment trusts could become routine components of retail portfolios within the next few years, reshaping the terrain for crypto investment in one of Asia’s largest markets. Watch the regulatory calendar in 2027 and 2028, as well as any product launches from SBI, Rakuten, Nomura, and their peers, to gauge how quickly this shift gains momentum.

BNB Chain has integrated the Bankr LLM Gateway to support direct USDT payments for AI model access on BSC. The move allows users to pay for AI services without bridging assets across networks or handling additional gas expenses tied to Ethereum mainnet transactions.

🤖La red BNB Chain integró a Bankr, un agente de IA con capacidad de ejecutar transacciones en criptomonedas con el que los usuarios ahora pueden pagar por acceso a Claude, GPT, Gemini y Grok usando stablecoins desde esa red. pic.twitter.com/GjhOb2wvtW

— CriptoNoticias (@CriptoNoticias) May 16, 2026

Bankr Gateway: bankr.bot

Key Insights:

• Bankr Gateway Enables Direct USDT Payments for AI Access on BNB Chain
• Bankr LLM Integration Removes Token Bridging and Lowers Transaction Costs for Users
• BNB Chain Supports Crypto-Based AI Billing with Low-Cost On-Chain Payments

The integration introduces a payment system designed for developers and crypto-native users who want direct blockchain-based access to AI models. Users can deposit supported tokens and pay only for the computing resources they consume. The system tracks each request individually and deducts charges based on usage.

Bankr Gateway Supports Direct AI Payments

Bankr’s LLM Gateway operates on a metered billing structure. Users fund their accounts with tokens such as USDT, USDC, ETH, and other ERC-20 assets. The platform then charges users according to the number of AI requests processed through the system.

The integration with BNB Chain removes the need for token bridging when users access AI services with USDT on BSC. This setup reduces extra transaction steps and lowers operational costs for users who make frequent AI-related payments.

BNB Chain continues to position itself as a low-cost blockchain network for payments and decentralized applications. The network often promotes transaction fees below $0.10, which creates a more practical environment for smaller AI transactions.

On Ethereum mainnet, gas fees can exceed the cost of a single AI request during periods of network congestion. Lower transaction costs on BNB Chain help maintain predictable spending for developers and users accessing AI tools regularly.

Crypto-Based AI Billing Expands Use Cases

The integration also supports broader use cases tied to blockchain-based AI systems. Traditional AI platforms mainly rely on bank cards, invoices, or enterprise contracts for billing. Crypto payments create an alternative for users who prefer blockchain transactions or have limited access to traditional banking services.

The pay-per-use structure removes subscription requirements and allows users to fund only the AI requests they need. This model may also support automated on-chain agents that interact with AI models through smart contract wallets.

AI agents could potentially manage payments independently while accessing language models in real time. Lower fees on BNB Chain improve the economic viability of those automated transactions compared to Ethereum mainnet.

BNB Chain Expands Web3 Payment Infrastructure

BNB Chain has continued expanding its payment-focused infrastructure across the Web3 sector. The addition of AI billing tools aligns with the network’s broader strategy of supporting blockchain-based financial activity beyond trading and transfers.

The long-term impact of the integration will depend on adoption levels, available AI models, and system reliability. Market participants will also monitor how effectively Bankr handles transaction metering and production-scale usage as demand for AI services grows.

The launch reflects increasing interest in combining blockchain payments with AI services through lower-cost and automated transaction systems.

Key Insights

• Pi Network extended the Protocol 23.0 migration deadline from May 15 to May 19.
• The revised upgrade improves node database performance after migration completion.
• Pi App Studio now converts AI-generated apps into Pi-native applications quickly.

Pi Network has extended the migration deadline for Protocol 23.0 from May 15 to May 19, 2026. The update gives node operators additional time to install an improved version of the release aimed at strengthening database performance after migration.

The Pi Core Team confirmed the revised deadline after issuing an updated version of Protocol 23.0. The network stated that the extension supports smoother migration and better validator synchronization during the transition period.

Pi Network Protocol 23.0 Focus on Node Stability

The updated release centers on improving node database performance after migration. Pi Network encouraged operators to move directly to the revised version instead of continuing with the earlier release issued before the extension.

The network described the decision as part of an effort to improve operational quality during the migration process. The announcement did not reference any infrastructure failure or issue with the original rollout.

Pi Network Protocol 23.0 remains an important upgrade tied to the network’s broader mainnet development plans. The release follows earlier protocol versions, including 19.1 through 22.1, which supported previous network improvements.

According to the update, Protocol 23.0 uses Stellar Core v23.0.1. The integration places greater importance on stable node migration and validation synchronization across the network.

The revised version also targets systems that require consistent uptime. Improved database handling may support operators managing multiple nodes during the migration process.

Node Operators Face Final Migration Deadline

The extension gives node operators four additional days to complete migration requirements. However, Pi Network confirmed that May 19 remains the final deadline for the upgrade process.

The network stated that operators should install the revised release before the deadline to avoid potential synchronization issues after migration ends. The improved version is now available for deployment.

Protocol 23.0 continues to serve as a major infrastructure step for Pi Network. The update supports the network’s ongoing work around smart contracts and mainnet functionality.

The migration period also reflects Pi Network’s focus on maintaining stable operations while expanding technical capabilities across its ecosystem.

Pi App Studio Expands Developer Tools

Alongside the infrastructure upgrade, Pi Network introduced new features for Pi App Studio. The platform can now convert AI-generated applications from Claude Code and Codex into Pi-native apps within minutes.

The addition supports developers building applications inside the Pi ecosystem. While separate from the protocol migration, the tool expansion aligns with Pi Network’s broader ecosystem growth plans.

Pi Network is currently advancing both infrastructure and developer-focused services. Protocol 23.0 addresses node operations and migration stability, while Pi App Studio focuses on faster application development.

The network stated that Protocol 23.0 migration remains the primary priority before the May 19 deadline.