CFA Report Pegs US Crypto Fraud Losses at $80.7B

BlackRock announced the launch of the iShares Bitcoin Premium Income ETF, which aims to provide investors with Bitcoin's upside while generating monthly options premium by selling options contracts against up to 35% of the portfolio.

Dozens of suspects in South Korea were arrested for laundering money for a Cambodia-based phishing scheme through cryptocurrency. The police seized $4.1 million in crypto and froze $431,000 in proceeds. Chainalysis expert Xue Yin Peh highlighted the persistent issue of scam compounds in Southeast Asia.

Kalshi, Crypto.com, and Polymarket have filed a lawsuit against Kentucky for enacting a 14.25% tax on prediction market transaction fees, making it the first state to do so. The coalition argues that the law is discriminatory and preempted by federal commodities law.

Pudgy Party, a mobile battle royale game themed around Pudgy Penguins, has been shut down after less than a year. The team behind the game decided to focus on their other game, Pudgy World, which offers a web-based playground based on the franchise.

Standard Chartered predicts a significant surge in UNI's price by 2030 due to Wall Street's shift to blockchain investments. Uniswap's fee switch in late 2025 has increased token scarcity, with an annual burn rate of 1%.

Forward Industries, the largest Solana treasury company by asset holdings, faced rejection on takeover bids from competitors Solana Company and Brera Holdings. The proposals aimed for all-stock mergers, but both firms declined without discussion, prompting Forward to express disappointment and stress the importance of cooperation.

Perpetual futures trading is now available for eligible U.S. clients on Kraken Pro, under domestic regulatory oversight. The contracts, listed on Bitnomial, offer leveraged exposure to assets without expiration dates, with funding rates adjusting prices to spot markets.

Strategy increased its Bitcoin holdings and bolstered its cash reserves to $1.1 billion, aiming to manage debt and pay dividends. The firm's stock rose 7.2% to $132.66 after purchasing 1,587 Bitcoin for $100 million last week, now owning 846,842 Bitcoin worth $56.3 billion.

A 32-year-old man has been indicted in Nancy over an attack on a couple, attempting to steal their cryptocurrency portfolio after obtaining their personal information from a breached crypto platform. The attackers fled after the couple’s daughters called the police from inside the house.

BitMine Immersion Technologies increased its Ethereum stake to over 5.6 million, adding 76,881 ETH worth over $139 million. The company also raised $274 million from its preferred share offering, with BMNP set to trade soon with a 9.5% annual dividend rate.