CFA Report Pegs US Crypto Fraud Losses at $80.7B

Western Union has applied to trademark the name “WUUSD” for its upcoming USD-pegged stablecoin on the Solana blockchain. The trademark application has been accepted but not yet examined for approval by the USPTO. The move may indicate a branding strategy for the stablecoin project.

Lolli, a Bitcoin rewards platform, has acquired Slice, a browser extension for earning Bitcoin through passive browsing. This merger combines shopping and passive browsing to simplify earning Bitcoin across online activities.

KitKat, a beloved bodega cat in San Francisco, tragically died after allegedly being hit by a self-driving car. Crypto degens have capitalized on the incident by creating and promoting meme coins in the cat's honor.

Markets are adjusting post-Fed rate cut, with Powell's comments causing shifts in expectations. Solana's new staking ETFs attract attention, highlighting the importance of staying competitive in the shrinking crypto edge landscape.

Drake is facing a class-action lawsuit for promoting Stake, an online casino, under fraudulent pretenses, exposing users to financial risks. The lawsuit alleges that Stake is an unlicensed gambling operation violating Missouri state laws, with Drake's promotion contributing to its popularity, especially among young audiences.

Bernstein analysts initiated coverage of SharpLink Gaming with an “outperform” rating, projecting a potential 80% increase in share price to $24. The firm owns 859,400 Ethereum valued at $12.65 billion and plans to deploy $200 million into Ethereum layer-2 Linea.

Bitcoin and other major coins experienced a price drop after President Trump's meeting with Chinese leader Xi Jinping. The sell-off was triggered by Federal Reserve Chair Jerome Powell's hint that interest rates may not be cut again this year, causing liquidations exceeding $1.1 billion in the crypto futures market.

Nordea Bank Abp will introduce a synthetic ETP linked to Bitcoin in December 2025, catering to experienced investors seeking alternative asset exposure. The product, manufactured by CoinShares International Limited, will be available on Nordea's platform without advisory services.

Flutterwave partners with Polygon Labs to enhance cross-border payments in Africa, aiming to reduce costs and speed up transactions using blockchain technology. The collaboration will initially target multinational clients like Uber and Audiomack before expanding to retail remittances through Flutterwave's Send App.

Standard Chartered predicts a $2 trillion market capitalization for non-stablecoin tokenized assets by 2028, matching the expected size of the stablecoin market. DeFi, based on blockchain technology, operates on transparency and code-based trust, enabling non-banks to handle financial activities.