CFA Report Pegs US Crypto Fraud Losses at $80.7B

Bitwise and 21Shares have updated their crypto funds to include staking features, with Bitwise introducing the "Bitwise Solana Staking ETF" and a 0.20% management fee. 21Shares enhanced its Ethereum ETF by adding staking and waiving the sponsor fee for 12 months.

Block, Jack Dorsey's company, introduces a new Bitcoin payment and crypto wallet for small businesses using Square's point-of-sale system. Merchants can convert received money into BTC with zero fees and access the wallet, with the ability to accept and convert up to 50% of daily sales revenue into Bitcoin starting November 10.

The relaunch of WBTC on TRON, advised by Justin Sun, has seen zero adoption, while the old version still holds around 100 WBTC tokens. The abandoned contract has more supply than the new one, raising questions about the transition and adoption rates.

Jupiter, a DeFi platform on Solana, is launching its stablecoin JupUSD with Ethena. JupUSD will be collateralized by Ethena’s USDtb and later by USDe, aiming to enhance DeFi accessibility.

The state-owned Bank of North Dakota is partnering with Fiserv to launch a U.S. dollar-backed stablecoin called "Roughrider Coin" to facilitate bank-to-bank transactions and global money movement. Fiserv's digital asset platform will support this initiative, aiming to bridge traditional finance with blockchain technology.

MetaMask has integrated Hyperliquid to allow users to speculate on various cryptocurrencies easily. The move is in response to the rising popularity of perpetual futures, with decentralized exchanges like Hyperliquid gaining ground against centralized platforms.

Coinbase has finally launched its crypto staking services in New York, offering residents the opportunity to earn yield by staking various cryptocurrencies. This move comes after years of regulatory obstacles in the state, making New Yorkers miss out on millions in staking rewards.

CruTrade, a new marketplace on the Avalanche blockchain, offers over $60 million worth of tokenized fine wine, creating the world's largest live pool of luxury assets. With 200,000 bottles from 250 producers, collectors can trade ownership instantly while ensuring safe storage.

YZi Labs, previously known as Binance Labs, has launched a $1 billion fund to support projects on the BNB Chain. The investment company aims to back BNB-based initiatives in various sectors like trading, AI, DeFi, and biotech, with a focus on democratized access and human progress.

The official Chinese X account of PancakeSwap was hacked to promote a fraudulent meme coin named "Mr. Pancake," highlighting vulnerabilities in major crypto projects' social media accounts. Experts recommend a disciplined, multi-layered approach to prevent future incidents, including enabling two-factor authentication and using strong, unique passwords.