CFA Report Pegs US Crypto Fraud Losses at $80.7B

An investigation revealed how a Cambodia-based crypto exchange, Huione, facilitated the movement of illicit funds, involving North Korean hacker groups and scam centers in Southeast Asia. Despite being designated as a money-laundering operation by the US Treasury Department, Huione's funds flowed through exchanges like Binance and OKX.

BlackRock's Bitcoin ETF, IBIT, has seen a record outflow of $1.26 billion this month due to a price slide and increased costs of bearish options. The 250-day put-call skew has reached a seven-month high of 3.1%, showing expensive put options for hedging against market declines.

Mastercard has partnered with Polygon to simplify crypto transactions by allowing users to send crypto using verified usernames instead of long wallet addresses. Mercuryo will handle identity verification and issue aliases that users can link to their wallets for easier transfers. This approach aims to make digital token transfers more accessible and user-friendly.

Bitcoin's recent decline has led to a death cross and the first weekly close below the 50-week moving average, indicating a potential start to a bear market. Analysts attribute the market downturn to growing investor fears in traditional markets, affecting crypto prices.

TD Cowen's report highlights Strategy's consistent Bitcoin accumulation despite a drop in its implied Bitcoin premium. The company raised capital through euro-denominated preferred shares and variable-rate preferred shares, maintaining an attractive option for Bitcoin exposure seekers.

Bitcoin and other major cryptocurrencies have experienced losses due to concerns about U.S. interest rates and tech firms' AI spending. The market downturn is attributed to macroeconomic uncertainties and risk-off rotation.

Hive Digital Technologies' stock surged over 7.5% after announcing record revenue and a partnership with Dell for its AI division. The company reported a 285% year-over-year revenue increase and a 91% rise from the previous quarter, with strong performance in Bitcoin mining and high-performance computing segments.

DappRadar, a popular platform for tracking decentralized applications, will be shutting down due to financial unsustainability. Launched in 2018, it provided analytics on NFT markets and DeFi flows. The team did not disclose details about the fate of the DAO and RADAR token.

KindlyMD's share price dropped nearly 10% after announcing a delay in filing its third-quarter earnings due to accounting complexities from its merger with Nakamoto. The company's shares on Nasdaq fell to $0.55, 25% lower than a week ago and 95% lower than six months ago.

Dar Global announced a partnership with the Trump Organization to develop the Trump International Hotel Maldives, offering tokenized shares for investors. The luxury hotel project is set to open by the end of 2028, promising innovation in real estate investment through tokenization.