CFA Report Pegs US Crypto Fraud Losses at $80.7B

Tally, a key player in on-chain governance for major DAOs, is shutting down after six years due to disappearing demand caused by regulatory changes and a lack of decentralized application growth. The company's CEO believes the industry no longer requires decentralization as a necessity.

Mastercard announced its acquisition of stablecoin infrastructure firm BVNK for up to $1.8 billion, enabling end-to-end support for digital assets. BVNK operates a financial platform for stablecoin transactions in 130 countries, attracting interest from major players like Mastercard.

Sam Bankman-Fried's attempts to secure a pardon from President Trump have been met with bipartisan rejection, with members of Congress criticizing his actions and expressing skepticism towards his motives. Despite efforts to sway Trump with pro-MAGA rhetoric, SBF's plea has been unsuccessful.

Citigroup has revised its 12-month price targets for Bitcoin and Ethereum due to slower legislative momentum, softer network activity, and reduced ETF inflows expectations. The bank now predicts Bitcoin to reach $112,000 and ETH to hit $3,175, down from previous forecasts.

Theo has raised $100 million to introduce thUSD, a stablecoin backed by thGOLD, a token tied to gold. The company plans to generate yield by shorting gold futures and holding a long position through thGOLD.

Altcoins in the AI and privacy sectors surged following Bitcoin's recovery rally, with Zcash up 17.9% and AI coins like Virtuals Protocol rising by 3.8%. Experts note a shift towards utility-driven narratives in the crypto market.

Ethereum's price surge is reflected in Myriad traders predicting a potential rise to $3,000 over a drop to $1,500. Market data shows ETH trading at $2,330, up 2.6% in the past day and 12% for the week, with positive sentiment on its future price movement.

Cango reported $688.1 million in revenue and a net loss of $452.8 million for 2025. The company sold 4,451 BTC in February 2026 to reduce debt and fund its move into AI infrastructure.

Bitcoin has seen eight consecutive days of gains, with a historical pattern of continued upward movement. This rally coincides with geopolitical tensions and past instances of prolonged gains, suggesting a potential bullish bias.

Three Tennessee minors have filed a federal class action lawsuit against xAI, alleging that the AI chatbot Grok generated child sexual abuse material using their real photos. The victims seek damages and an injunction, claiming xAI knowingly released Grok without safeguards for profit.