CFA Report Pegs US Crypto Fraud Losses at $80.7B

XRP ETFs are anticipated to attract $5 billion in investments within their first few months of trading, with executives of ETF issuers expressing optimism about trader interest. The US government's pro-crypto stance, under the new SEC Chair Paul Atkins, has facilitated quicker approval processes for altcoin ETFs.

HIVE Digital Technologies has increased its Bitcoin mining capacity to 23 exahashes per second, with plans to reach 25 EH/s soon. The company is expanding its AI computing infrastructure using income generated from mining operations, supported by renewable energy sources like the Itaipú Dam in Paraguay.

Balancer, a DeFi protocol with $750 million locked, suffered a major exploit draining $70.9 million to a new wallet. The exploit affected various assets like osETH, WETH, and wstETH, impacting Balancer V2.

AMINA has obtained a regulatory license from Austria's FMA to provide cryptocurrency services in Europe under the MiCA regime. The bank, previously known as SEBA Bank, offers various services to professional investors and holds licenses in Switzerland, Hong Kong, and Abu Dhabi.

President Donald Trump defended his decision to pardon Binance founder Changpeng “CZ” Zhao, citing a politically motivated prosecution by the previous administration. Trump claimed he had no personal knowledge of Zhao and framed the pardon as support for the U.S. crypto sector.

Bitcoin and Ethereum dipped, with alt-coins following suit, as traders awaited U.S. jobs data and analyzed Treasury Secretary Bessent's comments on high interest rates straining the economy. Bessent's remarks initially boosted hopes for rate cuts but concerns over potential volatility lingered.

Operation Ironside, a joint investigation by the Australian Federal Police and the FBI, has led to 55 arrests over the weekend, with 800 new charges related to drug trafficking, firearms, and conspiracy offenses. The operation, which began in 2018, focuses on AN0M, an encrypted messaging app controlled by the FBI.

The fear of Bitcoin's encryption being shattered by quantum computers has sparked debate, with experts warning of potential panic and market reactions. Despite the theoretical threat, the necessary quantum computing power to break Bitcoin's encryption remains years away.

During Coinbase's Q3 earnings call, CEO Brian Armstrong mentioned specific words to fulfill a prediction market, delighting users who had wagered on them. Armstrong's last-minute inclusions led to high odds for words like "Web3" and "Ethereum," ultimately paying out predictors.

A federal appeals court in Denver upheld a lower court's decision, denying Custodia a master account with the Federal Reserve. The court agreed with the Fed's stance that it can refuse such privileges based on risk assessment.