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The Consumer Federation of America reported that cryptocurrency scams and cybercrimes resulted in estimated losses of $80.7 billion, with investment fraud being the largest category at $8.6 billion. The FBI's complaint center recorded over 1 million complaints, totaling $20.9 billion in losses.
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Bitcoin has dropped below $93,000, erasing all 2025 gains, with a 13% decrease in the past week. The recent decline has led to over $725 million in total crypto market liquidations in the last 24 hours.
Protos
Bitcoin reached a significant milestone as 95% of its total supply was mined, with the 19.95 millionth BTC being mined by Antpool. The network enforces a hard cap of 21 million coins, with the next halving in April 2028 reducing the reward to 1.5625 BTC per block.
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Joseph James O'Connor, convicted for hacking Obama and Musk's social media, must repay over $5 million in Bitcoin and other coins. The UK's Crown Prosecution Service issued a civil recovery order for $794,000 in stolen cryptocurrency.
Coindesk
Figure Technologies' stock surged 15% after billionaire Stanley Druckenmiller disclosed a new stake in the company, now worth $77 million. Druckenmiller's move signals growing institutional interest in blockchain-based financial platforms like Figure, which recently launched a yield-bearing stablecoin.
Decrypt
Cboe Global Markets announced the launch of continuous futures for Bitcoin and Ethereum, resembling perpetual-style futures with a 10-year lifecycle and daily cash adjustment. The offering aims to cater to a market segment with limited U.S. regulatory oversight, meeting growing customer demand.
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The International Consortium of Investigative Journalists (ICIJ) discovered that illicit actors moved large amounts of crypto through various platforms, making tracing difficult for exchanges and law enforcement. The investigation revealed a widening technical gap between blockchain records and processing capabilities.
DL News
The Russian Constitutional Court is considering a case involving a USDT 1,000 loan from 2023, with top regulators and Central Bank officials involved. Experts are debating whether stablecoins like USDT fall under digital financial assets law in Russia.
DL News
A Brazilian lawmaker proposed a bill to empower judges to freeze cybercrime suspects' crypto assets and compensate fraud victims. The bill aims to combat rising crypto-related fraud by granting judges new authority over registered crypto exchanges.
Coindesk
A degen gambler lost $5.5 million on HyperLiquid after shorting bitcoin and zcash with leveraged positions worth $168 million. Despite the losses, the trader doubled down on shorting bitcoin and ether on GMX with $115 million positions.
Decrypt
The Trump administration is moving towards approving rules for the IRS to access information on Americans' foreign crypto accounts to enforce taxation. The proposed rules, part of the Crypto-Asset Reporting Framework, aim to combat international tax evasion.