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Pi Network's PiRC1 framework requires real apps with user demand before token launches, boosting ecosystem trust.

Protocol Fundamentals
23 Apr 2026
Crypto news
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Bullish
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Pi Network launched PiRC1 on April 22 under Protocol 22, a new token issuance framework that mandates projects to have a working application with genuine user demand before issuing tokens. This approach aims to reduce speculative token launches by routing proceeds into permanent liquidity pools rather than directly to project teams, enhancing fund security. The upgrade coincides with a node upgrade deadline on April 27 and precedes full smart contract functionality expected in May under Protocol 23. PiRC1 marks a shift towards a more structured Web3 ecosystem focused on real commercial applications and accountability through KYC-verified users.

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Zcash nears $600 as strong bullish momentum drives price higher.

Zcash nears $600 as strong bullish momentum drives price higher.

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Ethereum nears $2,217 as it breaks key resistance and shows strong bullish momentum.

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Bitcoin climbs above key moving averages, eyes $68K as bullish momentum builds.

Bitcoin climbs above key moving averages, eyes $68K as bullish momentum builds.

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New non-profit ETHSystems boosts Ethereum's privacy push amid Ethereum Foundation scaling down.

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Protocol Fundamentals
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Lockheed Martin Ventures opens London office to invest $100M in UK and Europe defense tech startups

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Lockheed Martin Ventures, the $1 billion venture capital arm of Lockheed Martin, is expanding into the UK and Europe with a new London office. It plans to invest at least $100 million in defense technology startups to strengthen transatlantic defense...

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