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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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A recent study by researchers at zkSecurity, Prooflab, and Imperial College London reveals that Ethereum's rollup networks are mispricing small transactions, leading to potential risks like inflated user costs and denial-of-service attacks. The study highlights the need for more sophisticated fee mechanisms to balance fairness, security, and usability.
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South Park's next episode, "Conflict of Interest," focuses on prediction markets and a rift between characters Cartman and Kyle due to a popular prediction market app taking over their school. Crypto-backed prediction markets are seizing the opportunity to bet on mentions in the episode.
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Jiuzi Holdings has approved a crypto investment policy allowing up to $1 billion for Bitcoin, Ethereum, and BNB. Despite a 47% spike in shares initially, JZXN finished the trading day down 33%.
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According to Chainalysis, the Asia-Pacific region is experiencing the fastest growth in crypto adoption, with India, Pakistan, and Vietnam leading in global crypto activity. The region's transaction volume has increased from $1.4 trillion to $2.36 trillion in the last 12 months.
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Solana meme coin PWEASE surged 65% after a meme by U.S. Vice President JD Vance went viral, leading to a $4.65 million market cap. The meme coin had previously peaked at $54 million in March but had since dropped significantly.
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DeFi Development Corp. increased its share repurchase program from $1 million to $100 million, causing shares to jump 6% before retracing. The firm holds $452 million worth of Solana but trades at a $395 million market cap.
bitcoinmagazine.com
The delay in payments poses significant risks to the economy, slowing productivity and diminishing benefits for everyone. Just like plaque in arteries, a clogged banking system can lead to a collapse if not unclogged promptly.
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Franklin Templeton's tokenization platform is expanding to BNB Chain, allowing the asset manager to utilize the blockchain's infrastructure for its products. The Benji Technology Platform administers shares in Franklin Templeton's OnChain U.S. Government Money Fund, which has grown to $732 million since its debut on Stellar in 2021.
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Native Markets won the bid to use the USDH ticker on Hyperliquid's network, pre-minting over $15 million worth of the stablecoin before its launch. The stablecoin is backed by cash and "U.S. treasury equivalents" managed by Bridge, compliant with U.S. and European regulations.
Coindesk
Bastion, a stablecoin infrastructure startup, secured $14.6 million in funding led by Coinbase Ventures. The company offers white-label stablecoin systems for easy digital dollar issuance. With support from Sony, Samsung, a16z, and Hashed, Bastion aims to expand globally.