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DeFi Development Corp (JNVR), formerly known as Janover, added another $9.9 million in Solana's SOL to its corporate treasury, pushing total crypto holdings to 317,273 SOL or about $48 million, the company said on Wednesday.The purchase, made through BitGo’s over-the-counter desk, includes a tranche of locked SOL. These are tokens typically tied to vesting or bankruptcy proceedings that can’t yet move on-chain but are cheaper than spot prices."By gaining access to locked discounted inventory through a trusted partner like BitGo, we’re able to accumulate some of our SOL below market prices while deepening our alignment with the Solana ecosystem," CEO Joseph Onorati said in a statement.Janover, which was renamed to DeFi Development earlier this week, began as a real estate...

Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, the Ethereum protocol reporter on CoinDesk’s Tech team.In this issue:Vitalik Buterin Proposes Replacing Ethereum’s EVM With RISC-VMatter Labs, ZKsync Developer, Sued for Alleged Intellectual Property TheftScroll’s Euclid Upgrade Pushes It Into ‘Stage 1’ Decentralization EraEigenLayer Adds Key ‘Slashing’ Feature, Completing Original VisionUnknown block type "divider", specify a component for it in the `components.types` optionThis article is featured in the latest issue of The Protocol, our weekly newsletter exploring the tech behind crypto, one block at a time. Sign up here to get it in your inbox every Wednesday.Unknown block type "divider", specify a component for it in the `components.types` optionNetwork NewsSWAPPING...

The U.S. Securities and Exchange Commission (SEC) charged the founder of now-defunct crypto and foreign exchange investment company PGI Global, with violating federal securities laws, alleging he ran a “Ponzi-like scheme” that defrauded investors of nearly $200 million — and spent $57 million of customer money on Lamborghinis, real estate and luxury goods.Ramil Palafox, 59, of Las Vegas, Nevada, also faces parallel criminal charges tied to his role at PGI Global. In March, a Virginia grand jury charged him in a sprawling 23-count indictment that included eight counts of wire fraud. Due to what prosecutors described as Palafox’s “substantial ties” to the Philippines, including dual citizenship, the judge overseeing his criminal case issued an order on Tuesday that he should...

Over the past several years, global discourse around blockchain has been dominated by the United States — its legislative gridlock, inter-agency turf wars, and intermittent moments of regulatory clarity. As the U.S. continued to grapple with its internal contradictions, other jurisdictions have sought to fill the void. Switzerland, Singapore, Hong Kong, Dubai, and Gibraltar positioned themselves as crypto hubs. Yet, each of them faced a critical limitation: none were natural centers of technological innovation at global scale.Canada, by contrast, holds an often-overlooked but exceptionally strategic position. Not only is it geographically and culturally aligned with the United States, but it also shares a kindred entrepreneurial ethos. More importantly, Canada has deep, organic roots in blockchain innovation. Ethereum — arguably the...

TRUMP, marketed as Donald Trump's official crypto token, rallied on Wednesday as an invitation to a dinner event with the U.S. President for token holders appeared on the project's website."Join President Donald J. Trump at his Private, Members-Only Club in Washington, D.C. for Dinner!," a banner about the event on the project's website said.The invite is targeted for the 220 largest token holders, per the event's website.The token surged over 70% following the news briefly hitting $16, its strongest price since early March. Later it retraced to below $13, still up 43% over the past 24 hours.The event, notably, comes after $300 million worth of previously locked-up TRUMP tokens were added to circulation on April 18, according to Tokenomist data....