CFA Report Pegs US Crypto Fraud Losses at $80.7B

Luxembourg, led by Minister of Finance Gilles Roth, has invested 1% of its $811 million portfolio into Bitcoin ETF shares, making it the first Eurozone country to do so. The decision was made by the FSIL, Luxembourg's Intergenerational Sovereign Wealth Fund, to balance risk and signal Bitcoin's potential.

Monad's long-awaited token airdrop will begin next week, with the claim portal opening on Tuesday. Details about eligibility, token supply, and release schedule are yet to be disclosed. The project, aiming to rival Ethereum and Solana, is expected to launch its mainnet alongside the token.

A Nevada federal judge denied Crypto.com's request for relief, following a similar case with Kalshi. The judge ruled against Crypto.com's argument that exclusive regulation by the Commodities Futures Trading Commission protects them from state regulators.

The "debasement trade" narrative resurfaces with Bitcoin's price movements, reflecting a shift towards scarce assets amid fears of currency devaluation. Advocates view Bitcoin as a hedge against inflation and government overspending, emphasizing its fixed supply and anti-dilutive nature.

Bonk, Inc., formerly Safety Shot, Inc., is rebranding to trade as BNKK to provide clarity and evolve its plans. The company aims to accumulate 5% of the BONK circulating supply by year-end, focusing on digital assets and revenue streams consolidation.

Myriad Markets offers various options for predictors this week, with significant volatility in token launches, crypto prices, and MLB playoffs. Bitcoin's market saw a resolution at $125,000, leading to a new market for $140,000 or $110,000 predictions.

Bybit, the second-largest crypto exchange globally, has obtained a Virtual Asset Platform Operator License from the UAE's Securities and Commodities Authority. This makes Bybit the first exchange to secure this full license from the SCA, allowing it to offer regulated services in the UAE.

Bitcoin has slightly cooled while the S&P, Nasdaq, and precious metals hit new all-time highs. Despite a 0.9% drop in the past day, Bitcoin remains 1.5% higher than last week and 7.6% above last month's price.

The Ethereum Foundation is expanding its privacy projects with a new cluster led by Igor Barinov. This cluster will collaborate with other Foundation clusters and initiatives to prioritize privacy in the ecosystem. Interest in privacy coins like Zcash is also on the rise.

Bitwise predicts a new quarterly record for bitcoin ETF inflows, with $22.5 billion already recorded by September. Major firms like Morgan Stanley and Wells Fargo allowing advisers to allocate to crypto have been catalysts. The surge in macro tailwinds and rising prices are expected to drive institutional access and further inflows.