CFA Report Pegs US Crypto Fraud Losses at $80.7B

The FCA's new consultation seeks feedback on proposals to regulate crypto firms in the UK, focusing on consumer protection, conduct standards, and regulatory oversight. The regulator aims to align cryptoassets with traditional financial services, ensuring a trustworthy and competitive market.

The SEC has scaled back its crypto enforcement agenda under new leadership, dropping cases and closing investigations. The agency dismissed the lawsuit against Gemini Trust Company over its high-yield lending product, Gemini Earn, after years of negotiations.

HYPE, the token of Hyperliquid, rose 24% in 24 hours due to increased trading on commodities like silver and gold. Silver futures on the platform hit $111 with over $1.25 billion in volume, making it the third most active market. The surge in activity benefits HYPE holders by driving revenue and token buybacks.

The creator of Clawdbot, Peter Steinberger, has been harassed by the crypto community, refusing to engage in any coin projects and warning against scams. Amid pressure to change the bot's name, it has been renamed to Moltbot.

According to Chainalysis, Chinese-language money laundering networks have become a significant part of the global underground economy, with over $82 billion flowing through on-chain channels in 2025. These networks have evolved into professional services openly operating on messaging platforms and blockchains, adapting quickly to enforcement measures.

American Bitcoin, backed by the Trump family, has increased its bitcoin reserves to 5,843 BTC, worth approximately $512.9 million, making it one of the world's largest corporate holders of the cryptocurrency. The company has achieved a claimed Bitcoin yield of around 116% from its Nasdaq debut.

According to the Cambridge Bitcoin Electricity Consumption Index (CBECI), the cost of mining one Bitcoin in the U.S. exceeds its current market price. Mining firm Canaan told Decrypt that they have taken strategic decisions to reduce their risk profile, while many U.S. Bitcoin miners have pivoted to AI data center operations in the past year and a half.

The Australian Securities and Investments Commission has identified regulatory gaps in the crypto industry as a significant risk, leading to consumer exposure to unlicensed advice and misleading conduct. Proposed legislation aims to establish the country's first regulatory framework for businesses holding digital assets.

The stablecoin supply has decreased over the past week, aligning with Bitcoin's recent drop. The top 12 stablecoins have lost around $2.24 billion in market capitalization in the last 10 days, reflecting investors moving funds out of crypto.

North Korea-linked hackers are using AI-generated deepfakes in live video calls to deceive crypto developers into installing malware. The attackers pretend to be someone the victim knows, ask to fix an audio issue, and then gain full system access to steal Bitcoin and target others.