CFA Report Pegs US Crypto Fraud Losses at $80.7B

Eric Larchevêque, co-founder of Ledger, advocated for crypto owners to carry firearms for self-defense against intruders, following violent attacks on French crypto holders. Larchevêque, who has close ties with far-right politicians, believes in the right to self-defense with pistols and rifles.

H100 Group plans to acquire two Norwegian Bitcoin treasury companies, Moonshot AS and Never Say Die AS, in an all-stock transaction to increase its Bitcoin holdings to around 3,500 BTC, valued at $245 million. The acquisition aims to boost H100's institutional presence and market relevance in Europe's crypto market.

BitMine Immersion Technologies has purchased 65,341 ETH, increasing its total holdings to over 4.66 million tokens worth $10.17 billion. Chairman Tom Lee believes in an upcoming crypto market recovery, with Ethereum rising 5% to $2,180.

Strategy announced plans to issue $44 billion in common and preferred equity to fuel its Bitcoin purchases. The company has raised over $1.5 billion this month with its variable rate preferred share, STRC, and increased its monthly dividend to 11.5% to boost demand.

Backpack Exchange introduced its native token, BP, with a TGE involving user distribution, lockups, and equity linkage. 25% of the 1 billion BP supply will be distributed at launch, mainly through an airdrop to existing users, with no allocation for founders or investors initially. The remaining tokens will be released gradually based on company growth and potential IPO plans, offering long-term stakers the chance to convert BP into company equity.

Coinbase users are upset over excessive push notifications prompting them to predict sports outcomes during "March Madness," with many considering it a form of gambling advertisement. Despite CEO Brian Armstrong's promise of customization options, criticism persists over the app's focus on short-term promotions and risky wagers.

Bitcoin surged to highs above $71,000 after Trump announced the postponement of strikes against Iranian power plants. The crypto market saw $791 million in leveraged positions wiped out, with $425 million in longs lost. Trump's announcement caused gold to bounce back and oil prices to fluctuate.

The police have arrested all suspects involved in the violent attack on Ledger co-founder David Balland, who was held captive and had a finger cut off by a criminal gang demanding an $11.5 million Bitcoin ransom. The suspects were tracked down in Spain after a manhunt involving Spanish and French authorities.

Resolv Labs' USR stablecoin depegged from the U.S. dollar, crashing over 70% due to an attacker minting 80 million uncollateralized tokens. The attacker converted the tokens to other stablecoins and Ethereum, extracting approximately $25 million in value.

The MACD, a key momentum indicator for Bitcoin, has just crossed below zero for the third time since hitting a record high in October, signaling a renewed bearish shift. This indicator, which uses two lines to show momentum, has been highly accurate in predicting selloffs.