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The Consumer Federation of America reported that cryptocurrency scams and cybercrimes resulted in estimated losses of $80.7 billion, with investment fraud being the largest category at $8.6 billion. The FBI's complaint center recorded over 1 million complaints, totaling $20.9 billion in losses.
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Coindesk
Franklin Templeton's partnership with MoonPay enables institutional investors to seamlessly exchange stablecoins for the asset manager's tokenized money market fund through blockchain networks. This move aligns with Franklin Templeton's deeper dive into digital assets, including the launch of Franklin Crypto in April.
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Mt. Gox, the defunct crypto exchange, transferred over $739 million in Bitcoin, moving 10,422.65 BTC to a new wallet and 116.30 BTC to a known hot wallet. The trustee has until Oct. 31, 2026, to complete repayments, with about 35,000 BTC left to distribute.
Coindesk
Movement, originally focused on linking blockchains with Ethereum, is now shifting towards cross-border payments and stablecoin-based settlement infrastructure for emerging markets. This pivot reflects a broader trend in the layer-2 space, with projects adapting to growing competition and seeking new growth paths.
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Despite Bitcoin's decline and liquidations, select altcoins like NEAR Protocol, Worldcoin, and Internet Computer have seen double-digit gains. Factors such as geopolitical tensions, ETF outflows, and macroeconomic pressures are driving the divergence between Bitcoin and altcoins.
Coindesk
Ripple's RLUSD stablecoin is entering the Turkish market through collaborations with BiLira, Bitexen, and Bitlo. With a market capitalization of $1.7 billion, RLUSD is positioned for payments, tokenization, and collateral use, catering to the demand in Turkey's crypto market.
Coindesk
MoneyGram has introduced its own stablecoin, MGUSD, on the Stellar blockchain, enabling customers to hold a dollar-denominated balance and transfer funds globally. The stablecoin is part of a trend where companies are leveraging digital dollars for cross-border payments.
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Telegram has rebranded its Toncoin as Gram, the original proposed name, as part of its takeover of The Open Network. CEO Pavel Durov announced the shift, stating it will pave the way for future developments in about three weeks.
Coindesk
Keyrock, a Brussels-based digital asset services firm, is set to acquire bankrupt crypto trading and lending firm Blockfills, pending court approval. The acquisition includes assets, liabilities, equity interests, customer lists, and proprietary technology. BlockFills filed for bankruptcy in the U.S. Bankruptcy Court for the District of Delaware.
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Bill Zanker, a key figure in President Donald Trump's official meme coin project, is launching the "Trump Coin Club" to offer exclusive events to top holders. The first event will be a luxury experience at the FIFA World Cup finals next month, with perks like a private suite viewing and VIP access to a night club.
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Strategy, holding over $60 billion in Bitcoin, sold 32 BTC worth $2.5 million before May 31. The market's resolution is under dispute as the announcement came after the expected date. The market in question has seen over $50 million in trading volume so far.