CFA Report Pegs US Crypto Fraud Losses at $80.7B

The European Council has urged the European Central Bank to expedite the development of the digital euro, with plans for a pilot in 2027 and potential full rollout in 2029. The digital euro aims to digitize cash and reduce reliance on physical notes.

Coinhub, a Bitcoin ATM operator, was fined $675,000 by the California DFPI for overcharging customers, including restitution to affected consumers. The DFPI has taken multiple enforcement actions against crypto ATM operators for violating California's Digital Financial Assets Law.

Tether's reported net income of $10 billion for the first three quarters of 2025 rivals top financial institutions like Bank of America and U.S. Bank. The stablecoin issuer's profits mainly come from U.S. Treasuries investments, surpassing some countries in holdings.

OranjeBTC, Brazil's largest Bitcoin treasury, has ceased buying BTC and opted to repurchase its own shares after going public. The company stated it would assess future actions, potentially increasing stock value by reducing supply.

REX Shares introduced the REX IncomeMax Option Strategy ETF, aiming to generate weekly income from volatile U.S. stocks, including crypto-related companies like Core Scientific and Gemini. The ETF actively manages put and call positions for downside protection against market swings.

Garden's $11 million hack was linked to a compromised solver, leading to losses across Ethereum, BSC, and Solana. Blockchain investigators suspect the team of downplaying the incident to maintain a decentralized image.

Fold has partnered with Steak ‘n Shake to offer a promotion where customers can earn $5 in BTC by uploading their receipts at bitcoinmealdeal.com. This collaboration aims to showcase how Bitcoin can seamlessly integrate into everyday spending, with plans for more mainstream partnerships in the future.

Ripple's CTO, David Schwartz, emphasizes XRP's utility despite acknowledging speculation as the main driver of cryptocurrency value. Schwartz will step down from his role at the end of the year, as XRP's price fluctuates with market hype.

U.S. spot Bitcoin ETFs experienced significant outflows this week, with BlackRock's IBIT leading the way with its largest single-day redemption since early August. The total outflow reached $388.43 million on October 30, signaling a shift in institutional sentiment.

H.C. Wainwright upgraded Coinbase to buy and raised its price target to $425 before the crypto exchange reported third-quarter earnings. The bank cited bullish outlook for crypto prices, driven by seasonal strength, institutional demand, and favorable regulatory momentum.