CFA Report Pegs US Crypto Fraud Losses at $80.7B

Kraken has acquired U.S.-based Small Exchange for $100 million, enabling the launch of a U.S.-native derivatives product suite. This move follows previous acquisitions like NinjaTrader and Breakout, aligning with plans for a future IPO on Nasdaq.

BNB's market data shows a divergence between spot and futures cumulative volume delta, indicating a complex story. Despite recent technical issues and community backlash, the long-term outlook for BNB remains bullish. The recent decline in open interest and CVD suggests active selling or profit-taking.

Compass Coffee in Washington, D.C. made history by accepting Bitcoin through Square's point-of-sale terminal, showcasing the seamless crypto payment technology during DC Fintech Week. The pilot marks the first real-world deployment of Square's Bitcoin payment system, aiming to make Bitcoin payments as easy as card transactions for small businesses.

Australia's Home Affairs Minister Tony Burke revealed new regulations to address the rise of crypto ATMs, citing concerns about money laundering, scams, and child exploitation. The proposed legislation aims to empower AUSTRAC to control or prohibit "high-risk products," including crypto ATMs, to combat financial crimes.

Bitcoin's recent pullback has led to a potential rebound, with analysts attributing the market correction to structural flaws and excess speculation. The market is currently in a wait-and-see mode, hovering in a critical zone between $108,400 and $117,100, with the risk of deeper contraction without a catalyst for price recovery.

The Dota 2 YouTube channel was compromised, promoting a Solana-based token called dota2coin through a fraudulent livestream. The hack spread to PGL's YouTube account, impersonating Strategy executive Michael Saylor in a fake Bitcoin livestream.

North Korean hackers have infiltrated the npm registry, uploading over 300 malicious code packages disguised as harmless software components. The campaign, named "Contagious Interview," targeted developers in blockchain and Web3 industries, aiming to steal sensitive data and cryptocurrency wallet keys.

The U.K. prosecutors are considering repaying victims of a $7 billion Bitcoin fraud in China, with questions arising about the government's plans for the seized funds. Despite initial intentions to keep most of the Bitcoin, prosecutors are now discussing a victim compensation plan.

Thumzup Media is considering integrating Dogecoin reward payments in its app to improve user experience and lower fees. CEO Robert Steele sees this as a crucial step to enhance the rewards engine and attract a broader crypto-friendly creator base.

The surge in leverage in the crypto market, driven by exchanges like Hyperliquid offering up to 40x leverage with no KYC requirements, has raised concerns about systemic risk. This competition for high leverage has led to a significant increase in derivatives trading volume over the past year.