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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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The United States and the United Kingdom have formed a joint task force to enhance ties in the crypto economy and ease restrictions on cross-border capital flows in the digital assets sector. The Transatlantic Taskforce for Markets of the Future will collaborate on digital asset regulation and release policy recommendations by March 2026.
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Helius Medical Technologies saw a 16% drop in shares after acquiring 760,190 SOL for $168 million. The company raised $500 million for its Solana treasury through a private placement led by Pantera Capital and Summer Capital.
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Strive Asset Management is acquiring Semler Scientific for $1.3 billion, increasing its Bitcoin holdings to 10,900 BTC. Semler's stock price rose 11% on Monday, despite a 35% dip since its initial Bitcoin purchase in February.
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Bitcoin and Ethereum ETFs saw $1.9 billion in inflows last week, with iShares Bitcoin Trust and BlackRock's Bitcoin fund attracting the most assets. Despite initial caution, inflows resumed later in the week as markets digested implications for digital assets, bringing year-to-date assets under management to $40.4 billion.
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Strategy's shares have dropped 1.4% after acquiring 850 Bitcoin for $100 million, with a YTD BTC yield of 26.0%. Despite the recent purchase, analysts at TD Cowen recommend buying the stock, projecting an 83.4% increase to $620.
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AgriFORCE Growing Systems Ltd. announced plans to rebrand as AVAX One and raise $550 million to invest in AVAX tokens. The company's stock price surged over 200% following the news, with a goal to own over $700 million worth of AVAX tokens.
Techcrunch
Shield, a crypto neo-bank, raised a $5 million seed round led by Giant Ventures. The company focuses on cross-border transactions in US cryptocurrencies, offering compliance screenings for sanctions and money laundering threats. With $100 million in processed payments, Shield aims to help businesses expand globally.
Coindesk
IREN's stock price surged 11% in pre-market trading to $43 following the announcement of doubling its AI Cloud capacity to 23,000 GPUs. The company invested $674 million in NVIDIA and AMD hardware, aiming to reach a revenue target exceeding $500 million by Q1 2026.
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Plasma is set to launch its neobank, Plasma One, after the stablecoin blockchain goes live. The card will offer 4% cash back, over 10% yield, and international coverage, allowing users to load and spend stablecoins like USDT.
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Over $1.7 billion in liquidations occurred in the crypto market, with Dogecoin, Solana, and Ethereum experiencing the most significant losses. Long positions were hit the hardest, resulting in over 390,000 traders being liquidated in the past 24 hours.