CFA Report Pegs US Crypto Fraud Losses at $80.7B

Polygon Labs announced its acquisition of Coinme and Sequence for $250 million, aiming to enhance its toolkit for managing digital assets. The move signifies a shift towards regulated payments and infrastructure solutions in anticipation of a growing economy centered around stablecoins and tokenized securities.

Fidelity Digital Assets released a 26-page report on Bitcoin, addressing issues like block space demand, governance tensions, and quantum preparedness. The report highlights Bitcoin's role as a macro asset influenced by liquidity cycles and institutional flows.

Korbit will not appeal a $2 million fine and official warning for AML protocol failures. Mirae Asset plans to take over the struggling exchange, whose market share has dropped to 0.5%.

VanEck's investment note highlights a divided crypto thesis for Bitcoin and the broader market, signaling a risk-on stance for traditional assets like AI stocks and gold. The firm's view on Bitcoin's cycle has shifted due to institutional participation and macro-driven flows, leading to an active internal debate.

A violent home invasion in Verneuil-sur-Seine targeted a crypto investment executive and his family, part of a disturbing trend of wrench attacks in France. The family managed to break free and seek help from neighbors, while the attackers fled towards a train station.

Analysts suggest Bitcoin's stagnant price and low volatility may indicate a mispricing due to shifting Federal Reserve expectations, with the market underestimating the odds of a rate cut. Conflicting macroeconomic data and political pressure add to the uncertainty ahead of key inflation data.

Suspicious activity involving Eric Adams' NYC token saw nearly $1 million in USDC liquidity unaccounted for after a wallet linked to the token's creator manipulated a liquidity pool on a decentralized exchange. The incident raises concerns amid increased scrutiny of politician-backed cryptocurrencies.

BlueVault, a new digital-asset fundraising platform for Democratic political committees, aims to re-engage crypto-aligned voters and donors following the party's defeat in the 2024 U.S. presidential election. Founder Will Schweitzer believes in leveraging data to connect with progressives in Bitcoin and crypto, addressing the shift in voter and donor preferences observed in recent years.

Senators Lummis and Wyden reintroduced the Blockchain Regulatory Certainty Act to distinguish blockchain developers from financial intermediaries under federal law. The bill aims to protect developers who do not control user funds from being classified as money transmitters.

Senator Elizabeth Warren is seeking clarity from the SEC regarding the protection of retirement savers amidst the Trump administration's push to include cryptocurrencies in 401(k) plans. Warren expressed concerns about potential risks, higher fees, and reduced transparency for investors. She emphasized the need for the SEC to address these issues promptly.