CFA Report Pegs US Crypto Fraud Losses at $80.7B

Exodus plans to reduce its global workforce by 25% to focus on stablecoin payments and card infrastructure, aiming to lower costs and build a full-stack payments platform. The restructuring includes integrating Monavate and Baanx, with expected annual savings of $10-13 million by 2027.

Allbridge has halted its protocol after an attacker siphoned $1.65 million from its Solana liquidity pools in a flash loan attack. The team is investigating the incident and has reassured users that there is currently no threat to their liquidity.

Bitmine, the largest Ethereum treasury firm, purchased 7,430 ETH last week, worth $14 million, as it redirected capital to an $86 million stock buyback. The Ethereum buy increased Bitmine's holdings to 5.78 million ETH, or 4.8% of Ethereum's circulating supply, close to its 5% goal.

Bitcoin treasury firm Strategy extended its pause on BTC buys for a further week while increasing its USD reserve by $225 million and selling $263.5 million in MSTR shares. Its BTC reserve now stands at 843,775 and its USD reserve at $3.2 billion.

Strategy chair Michael Saylor has published a 110-point essay opposes the BIP-110 soft fork, arguing it would harm Bitcoin by restricting data storage forms and setting a risky precedent. He argued that the proposal could lead to network division and hinder innovation in the long term.

Hyperliquid's HIP-4 upgrade introduces "outcome trading" to the decentralized exchange, allowing permissionless deployment of contracts in a future enhancement. Prediction markets, a multibillion-dollar sector, attract centralized platforms like Coinbase and Robinhood to offer customers a one-stop shop for predictions alongside financial trading.

Three men in the UK were sentenced for a £4 million cryptocurrency fraud, posing as police officers to scam victims. They spent the stolen funds on luxury items and holidays, living beyond their recorded income. The case involved a complex network of laundering and manipulation.

Citadel Securities has made a $400 million investment in Crypto.com at a $20 billion valuation, marking the exchange's first institutional funding round. This move reflects Wall Street's increasing acceptance of digital assets, with plans to expand into tokenized securities and derivatives.

Ledger has introduced Ledger Agent Stack, an open-source toolkit enabling AI agents to interact with crypto wallets securely. The toolkit requires explicit approval on a Ledger hardware device for sensitive actions.

A Florida man, Zyaire Dontaevious Zamarion Wilkins, was arrested for his alleged involvement in a scheme that infected thousands of devices with crypto-stealing malware through popular video games. FBI agents said that the group targeted users with large crypto holdings, stealing at least $220,000 from 80 wallets.