CFA Report Pegs US Crypto Fraud Losses at $80.7B

According to a Chainalysis report, North Korean hackers have stolen $2.02 billion in crypto in 2025, marking a 51% increase from the previous year. These attacks account for 59% of the total $3.4 billion stolen in the crypto space this year.

Over $2.6 billion in institutional capital flowed into digital asset treasuries between December 8 and 14, with Bitcoin and Ethereum trusts receiving the bulk of the inflows. Strategy's significant BTC acquisitions have pushed its holdings to over $58 billion, despite a declining market net asset value (mNAV) below one.

Canton and Midnight privacy coins, along with Zcash and Monero, have seen gains after the Depository Trust & Clearing Corporation revealed plans to issue tokenized securities on the Canton Network. This news has boosted the privacy coin market, with Zcash up over 650% since September.

xStocks, backed by Kraken, have introduced tokenized U.S. stocks and ETFs on the TON blockchain, accessible within the Telegram app via the TON Wallet. This integration enables users to easily trade equities like Tesla and Nvidia without leaving the messaging platform.

The Competition Commission of India has approved Coinbase's acquisition of a minority stake in Indian crypto exchange CoinDCX, valuing the company at $2.45 billion. This regulatory milestone is seen as a positive step for the Indian crypto ecosystem, enhancing trust and access to global capital.

Bitcoin's price surged over $90,200 before quickly dropping back to around $86,600, as the market remains fragile with low liquidity during the holiday period. Recent buying pressure was driven by derivatives investors, while the subsequent drop was mainly due to spot sellers.

The Federal Reserve has replaced a nearly three-year-old policy to allow state member banks to engage in crypto-related activities, aiming to encourage responsible innovation. This shift is part of a broader policy change under President Donald Trump, with the Fed scrapping restrictive supervisory letters and programs.

Caroline Pham, the acting chair of the Commodity Futures Trading Commission, will join MoonPay as chief legal and administrative officer after her successor, Mike Selig, was confirmed. Pham's move follows other policymakers transitioning to the crypto industry amid Washington's shift towards rule-making.

The bipartisan SAFE Crypto Act, introduced by Senators Elissa Slotkin and Jerry Moran, aims to establish a federal taskforce to combat cryptocurrency scams. The taskforce, composed of officials and industry representatives, will focus on scam detection, prevention, information sharing, and asset recovery.

The Depository Trust & Clearing Corporation plans to issue tokenized securities on Canton Network, starting with U.S. Treasuries. DTCC will hold the securities for safekeeping, aligning with Wall Street's push for blockchain efficiencies and compliance with regulations.