CFA Report Pegs US Crypto Fraud Losses at $80.7B

The International Monetary Fund warns that stablecoins could threaten central banks' financial sovereignty by leading to currency substitution. Stablecoins, mainly denominated in U.S. dollars, are rapidly penetrating economies through digital means, potentially undermining monetary control and interest rates.

Brad Garlinghouse predicted Bitcoin would reach $180,000 by the end of 2026 at Binance Blockchain Week. Regulatory progress, particularly the CLARITY Act, is seen as a key factor driving this forecast.

Bitcoin and Ethereum have seen slight gains, with BTC reclaiming $92,000 and ETH at $3,140. Predictors are now bullish on BTC reaching $100K before dropping to $69K. Ethereum outperformed Bitcoin, gaining 3.6% in the last week.

Digital Asset, the company behind the Canton Network, has received strategic investments from major financial players like BNY, Nasdaq, S&P Global, and iCapital. The investments highlight the support of traditional financial firms for blockchain infrastructure tailored for regulated markets.

A new bridge between Base and Solana networks, secured by Chainlink's CCIP and Coinbase, allows seamless asset movement. Users can now migrate and trade assets across ecosystems, enhancing connectivity and value unlocking. Base aims to be a hub for the "everything economy," starting with Solana integration.

Jeffy Yu, creator of the AI musician Zerebro, released an AI-written manifesto and a new Solana meme coin, PLOI, which quickly reached a $5.4 million market cap before dropping to $1.1 million. Despite previous controversies, Yu plans to continue his crypto ventures.

Bitnomial, overseen by the CFTC, will introduce spot crypto trading in the U.S., offering leveraged trading. The exchange aims to provide a safer trading environment with CFTC oversight, eliminating redundant margin requirements.

N3XT, a new blockchain-powered bank founded by former Signature Bank executives, operates as a full-reserve bank under a Wyoming SPDI charter. It offers programmable U.S. dollar payments, settling transactions instantly using a private blockchain system.

TD Cowen analysts revised Strategy's price target to $500 due to stock price volatility and increased shareholder dilution. The company raised $1.44 billion for a cash reserve to fund dividends on preferred shares, signaling a shift in its funding strategy.

Christopher Harborne, a Thailand-based investor in crypto firms, donated $11.4 million to Nigel Farage's Reform UK, surpassing other British political parties in fundraising. Harborne, linked to Tether's parent company, has a history of significant donations to political parties.