CFA Report Pegs US Crypto Fraud Losses at $80.7B

Bitcoin mining stocks, including Bitfarms, Riot Platforms, and Marathon Digital Holdings, experienced significant losses today due to Bitcoin's third consecutive day of declines. Despite this, the sector had been enjoying a multi-year high driven by strong BTC prices and expanding hash rates.

Dogecoin, the ninth-largest cryptocurrency, has been the worst performer among the top 20 digital coins, trading 23% lower over the past week. Market experts attribute DOGE's struggles to its vulnerability to sentiment shifts and lack of real use cases.

Andreessen Horowitz's crypto arm invested $50 million in Jito, a protocol supporting Solana, fostering long-term alignment. This deal marks the largest commitment from a single investor in Jito, encouraging liquid staking for validators.

Myriad's predictors are actively engaging in markets, speculating on Bitcoin's next move, Solana's performance, and the race between Ethereum and Gold to reach $5,000. With recent fluctuations, predictors are split on outcomes, particularly uncertain about Bitcoin's immediate future.

Daylight Energy has secured $75 million in financing to expand its decentralized solar network, with $15 million in equity from Framework Ventures and $60 million in project financing from Turtle Hill Capital. The company plans to fund installations of home solar and battery systems on its Daylight Network.

President Donald Trump's involvement in the crypto industry has led to significant profits for his family, with estimates exceeding $1 billion. The family's ventures include a stablecoin project, NFT trading cards, meme coins, and a Bitcoin mining firm.

Coinbase has introduced Coinbase Business, an upcoming financial platform for small- and medium-sized businesses to handle crypto, manage assets, and earn yield on stablecoins. The platform offers features like instant settlements, multi-user access, and integration with accounting software. Businesses can earn up to 4.1% APY on USDC balances.

Ripple acquired software firm GTreasury for $1 billion, aiming to enhance corporate treasuries managing crypto. The move aligns with Ripple's goal to facilitate money transfer and optimize capital utilization in the financial world.

BlackRock is retooling one of its money market funds to cater to U.S. stablecoin issuers under the GENIUS Act. The fund, BSTBL, will adjust its investments to comply with the act and meet the liquidity needs of stablecoin issuers, reflecting increased demand in the digital payments ecosystem.

SharpLink Gaming, Inc. has announced a $76.5 million registered direct offering of 4.5 million common shares at $17 each, aiming to boost its Ethereum holdings after a period of slower acquisitions. The company now holds 840,124 ETH, valued at $3.38 billion, while BitMine Immersion Technologies continues to increase its Ethereum reserves significantly.