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Solana-based Pipe Network is rewarding users who offer bandwidth for testing its decentralized content delivery system. On May 1, at the Token2049 conference in Dubai, Pipe Network announced incentives for node operators who contribute computing power. This infrastructure will be used to power its decentralized content delivery network built on Solana. Dubbed PipeQuest, the rewards program will support engagement with the Pipe Network testnet. It will incentivize node operators, community participation, and network demand ahead of its mainnet launch, scheduled for summer 2025. The ultimate goal of the initiative is to build a scalable ecosystem where users can share data, stream content, and do everything they currently do online, but using decentralized infrastructure, without relying on the expensive data centers run by big tech firms. One of the main advantages of the Pipe Network is that it enables almost any device to be turned into a Point of Presence node. This means that owners of personal computers, laptops, or even mobile devices can use idle computing power to earn rewards and power the network. Additionally, the proximity of these smaller nodes to end users can reduce latency. In theory, this means faster ping times and quicker content loading for users. David Rhodus, founder of Permissionless Labs, the company behind Pipe Network, explained its benefits during the Token2049 event: “We’re excited to make our testnet available to the wider Solana community to demonstrate how a decentralized CDN can increase bandwidth and reduce latency beyond what has been possible with off-chain solutions,” David Rhodus, Permissionless Labs. So far, the network boasts over 200,000 PoP nodes, or individual devices onboarded. These devices were used to upload more than 200,000 files and store a cumulative 250 Terabytes of data.

Semler Scientific CEO Eric Semler announced on April 30 via X that the company has acquired an additional 165 Bitcoins for $15.7 million. The latest purchase brings the company’s total Bitcoin ( BTC ) holdings to 3,467 BTC, now valued at $330.6 million. $SMLR acquires 165 #bitcoins for $15.7 million and has generated BTC Yield of 23.8% YTD. Now holding 3,467 $BTC . We bleed orange. 🚀 The acquisition was funded through proceeds from Semler’s ongoing $500 million at-the-market (ATM) equity offering. Between April 25 and April 29, the company sold 559,000 shares, raising approximately $19.5 million. The average purchase price of a new Bitcoin was $94,931 per coin, while the company’s overall average cost basis is $88,263 per BTC. Semler Scientific began accumulating Bitcoin in May 2024, declaring it their primary treasury reserve asset. Initial purchases included 581 BTC in May, 247 BTC in July, and 247 more in August. By October, the firm had ramped up its pace significantly, buying 581 BTC in one week and ultimately ending 2024 with over 3,000 coins. Since then, it has continued to use equity issuance to build its Bitcoin position. The company reported a year-to-date BTC yield of 23.8%, highlighting the performance of its cryptocurrency holdings compared to traditional fiat reserves. CEO Eric Semler has repeatedly framed Bitcoin as a hedge against inflation and a store of value superior to cash.

Shibarium, the Layer-2 blockchain for Shiba Inu (SHIB), is building momentum quietly but solidly, fueled by hyper-growth, through-the-roof on-chain activity, and support from its global community. Since its August 2023 mainnet launch, Shibarium has grown exponentially. According to data from Shibariumscan, the network has supported over 1.12 billion transactions, produced 10.7 million blocks, and enjoys an average block time of a mere 5 seconds. With over 199 million wallet addresses, it’s clear the platform is built to handle real-world blockchain applications at scale. On a typical day, Shibarium hosts approximately 4.51 million transactions, showing that not only is the network growing, but it is also thriving. In spite of this volume of traffic, it continues to be fast and inexpensive, with gas fees at a low 6.1 Gwei, an enormous benefit to both users and developers. As for SHIB itself, over 410.7 trillion SHIB tokens have been burned to date . However, the number of daily burns has eased recently, with just 4,600 SHIB burned in the last 24 hours reflecting a 99.97% reduction. But of course, there are still the occasional large burns, like yesterday’s, that burnt close to 14 million SHIB, serving as an act that reduces the liquid supply and adds some price stability. That said, SHIB’s circulating supply sits at 584.4 trillion, with 4.8 trillion SHIB staked as xSHIB. Shiba Inu team lead Lucie summed up the project’s long-term commitment, saying: “We are who we are. There is no exit. We can’t just take off our colors and say, ‘Okay, F Shib, let’s jump to another chain with more degens.’ We are committed to building for the Shib Ecosystem. It’s called responsibility.” On April 24, CNF revealed that Shibarium DApp Store officially launched with over 1,200 decentralized apps. The new portal offers a filtered platform for developers and users, serving as a gateway to the Shibarium universe. The platform itself is powered by Shibarium infrastructure, showcasing the project’s ongoing innovation. Lucie praised this development, saying , “This is a meaningful step forward, not just for Shibarium, but for what it means to build accessible, user-friendly Web3 infrastructure.” Currently priced at $0.00001359, SHIB has seen a modest 0.57% increase over the past 24 hours and a 5.6% surge over the week. The daily trading volume has decreased by 4.10% to $205.9 million. In the derivatives market , the trading volume decreased by 12.84% to $181.99 million, but open interest in SHIB futures has risen slightly by 1.88% to $183.66 million, reflecting investor confidence in the long term. A crucial level of support for SHIB currently is $0.00001265. If the token’s price falls below this, it could signal that bullish momentum has collapsed. In this case, SHIB might be at risk of retesting previous levels of support, starting at $0.00001078.

a16z proposes personal security recommendations for crypto assets, emphasizing that physical security is as important as digital asset protection a16z Crypto published an article about personal security of crypto assets, emphasizing that physical security is also crucial in protecting digital assets. The article points out that although many users focus on digital security measures, such as using hardware wallets and multi-signatures, ignoring physical security may lead to serious consequences. For example, attackers may obtain sensitive information through social engineering means, or directly threaten individuals to obtain private keys. Therefore, a16z recommends that users take comprehensive security measures, including but not limited to: Avoid discussing the amount of crypto assets held in public. Store private keys and mnemonics in a secure, decentralized location. Update security policies regularly to guard against potential physical and digital threats. a16z emphasizes that as the value of crypto assets increases, users must pay attention to both physical and digital security to fully protect their assets.

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