Pharos Hits $1B Valuation on Mainnet Launch

Key Takeaways: Pharos launched its Pacific Ocean Mainnet and $PROS token on May 1, 2026, following a massive 4.3B testnet. GCL New Energy and a $44M Series A propelled Pharos to a $1B valuation, signaling huge RWA market demand. Over 50 dApps and a $10M RealFi Alliance incubator will now scale institutional asset issuance on…

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1,000 Victims Hit in $215M Scam—$1.2M in Crypto, Cash Found

Key Takeaways: Authorities detailed a global email fraud scheme using hacked accounts and deceptive payment requests. Losses totaled $215 million, routed through shell companies, banks, and cashier’s checks. Next steps include sentencing decisions based on each defendant’s role and conduct. Global Email Fraud Network Reached Thousands Of Victims The U.S. Department of Justice (DOJ) announced…

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