CFA Report Pegs US Crypto Fraud Losses at $80.7B

Canada's federal budget, recently passed in parliament, includes a stablecoin policy overseen by the Bank of Canada. The policy requires stablecoin issuers to maintain one-to-one reserves and meet various risk management and cybersecurity requirements. Non-bank issuers are prohibited from offering interest to customers.

El Salvador's President Bukele revealed the country added 1,000 Bitcoin valued at $100 million, increasing its stockpile by 17%. Despite IMF's claim of internal transfers, Bukele continues Bitcoin purchases, with holdings now at 7,500 Bitcoin worth $698 million.

U.S. senators, including Elizabeth Warren, are investigating Trump's alleged ties to World Liberty Financial Inc., questioning potential sanctions evasion and money laundering. Warren's concerns about conflicts of interest in crypto-friendly policies have caused a split among Democrats in the Senate Banking Committee.

Vitalik Buterin advocates for Ethereum to embrace ossification, locking down core features to prevent bugs and prioritize stability over adaptability. He suggests directing innovation to layer-2 networks and the surrounding ecosystem, away from fundamental protocol changes.

On Tuesday, a significant amount of Bitcoin from Mt. Gox's wallets was moved, with 10,608 BTC worth nearly $1 billion transferred to different addresses. This marks the first major movement since March, possibly related to the creditor repayment process involving exchanges like Kraken.

Bitcoin has dropped below $90,000, a 28% decrease from its high of $126,000, signaling a potential crash. A further decline to $40,000 could lead to adverse market conditions, reminiscent of past crashes. Factors like liquidity crunch and government interventions may impact Bitcoin's future trajectory.

Canaan Inc.'s stock price surged by nearly 16% following a Q3 2025 earnings report showing significant revenue growth driven by mining machine sales and operations. Despite a net loss of $27.7 million, the company achieved positive non-GAAP adjusted EBITDA of $2.8 million.

Aave, a trusted name in DeFi, has launched the Aave App, a consumer-facing savings product resembling a neobank. With features like automated savings and high account security, it aims to attract non-crypto users.

Fidelity and Canary Capital are set to launch Solana ETFs, following VanEck's recent release. Analysts predict a potential 16% price increase for Solana this month, as the market recovers from a $1.2 trillion sell-off.

Bitcoin's price dropped below $90,000 for the first time since April, with a 4.5% decrease in the past 24 hours. The total crypto market capitalization has fallen by 20% from $4 trillion to $3.2 trillion, impacting institutional demand and ETF outflows.