CFA Report Pegs US Crypto Fraud Losses at $80.7B

BlackRock has introduced the iShares Bitcoin ETP for UK retail investors, offering secure access to digital assets through traditional investment platforms. The product, backed by Bitcoin held through Coinbase, features institutional-grade security protocols and regulatory oversight, with assets managed by BlackRock reaching $87.5 billion.

Gemini introduced the Solana Card, offering instant SOL rewards and an optional auto-staking feature for up to 6.77% APY. The credit card provides up to 4% back in crypto rewards on purchases, with category-based rewards for gas, dining, groceries, and more.

OpenSea announced the launch of its SEA token in Q1 2026, with half the supply allocated to the community through a claim program. The platform aims to transition from an NFT marketplace to a broader crypto exchange, with 50% of revenue going towards buying back SEA tokens.

Citi analysts raised their 2030 market cap outlook for stablecoins to $1.9 trillion after the GENIUS Act passed in July. Stablecoins, tied to assets like the U.S. dollar, play a crucial role in crypto markets, facilitating payments and international money transfers.

Bitcoin treasury company Strategy has added another 168 BTC to its coffers, paying a total of $18.8 million at $112,051 per Bitcoin. The firm's holdings now sit at 640,418 BTC, worth over $71 billion at today's prices. Strategy has achieved a claimed BTC Yield of 26.0% YTD 2025, with its treasury acquisition cost at $47.4 billion, around $74,010 per Bitcoin.

New York lawmakers have introduced Assembly Bill A9138, imposing an excise tax on electricity used by proof-of-work crypto mining businesses. The bill, a companion to Senate Bill S8518, aims to make companies pay into New York's Energy Affordability Programs based on their electricity consumption.

Two MIT-educated brothers allegedly planned to exploit a software vulnerability and steal $25 million from crypto traders in just 12 seconds, manipulating Ethereum's MEV-Boost protocol. The operation targeted sandwich bots, automated trading programs, turning their strategy against them.

Bitcoin's rebound to $110,000 triggered a rally in altcoins, with Bittensor and Zcash leading gains while BNB slipped. Market confidence has been renewed, prompting traders to rotate capital into high beta assets for short-term outperformance.

Bitcoin is showing signs of stabilization as macroeconomic pressures ease, with experts suggesting it may be bottoming. A potential bullish reversal follows the Fed's dovish pivot and expectations of a U.S.-China trade war softening. The crypto market's future hinges on the upcoming inflation report and trade negotiations outcome.

China has directed Ant Group and JD.com to halt their stablecoin plans in Hong Kong, aligning with Beijing's regulatory priorities. The move aims to prevent private entities from issuing currency-like assets, emphasizing responsible innovation within state boundaries.