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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 Warsaw Stock Exchange has listed the Bitcoin BETA ETF, offering investors in Poland a regulated way to invest in bitcoin through futures contracts on the CME. This ETF includes a foreign exchange risk hedging strategy to manage currency fluctuations between the U.S. dollar and the Polish zloty.
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Traders are closely monitoring potential ETF approvals for XRP, Solana, and other altcoins, with odds shifting on Myriad's prediction markets. XRP's price may hit $4 before dipping to $2, as analysts predict more favorable outcomes due to recent developments.
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Sen. Elizabeth Warren is seeking answers from the Department of Justice regarding Binance's compliance with a 2023 settlement for violating U.S. laws. Warren expressed concerns about the lack of cooperation in enforcing the settlement terms, including Binance's exit from the U.S. market.
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Brera Holdings, a Nasdaq-listed sports company, raised $300 million to pivot to a Solana-based digital asset treasury, renaming itself Solmate. The stock price surged 500% before settling at around $40, with plans for dual listings on Nasdaq and the Abu Dhabi Securities Exchange.
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Dogecoin (DOGE) has surged 8% in the past 24 hours, surpassing Bitcoin and Ethereum, coinciding with the launch of the DOJE ETF. The ETF, registered under the Investment Company Act of 1940, allows investors to access Dogecoin directly through a Cayman Islands subsidiary.
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Bitcoin dominance, currently at 57.79%, is slipping as altcoins gain momentum ahead of expected SEC approvals for crypto ETFs. Despite this, experts predict Bitcoin will reach new highs, with forecasts ranging from $140K to $145K by year-end.
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Bitcoin ETFs experienced a significant shift with $51.3 million in net outflows after a week of substantial inflows, including BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin fund. Grayscale's Bitcoin Trust and Fidelity's Wise Origin fund saw notable outflows, while BlackRock's iShares fund continued to attract fresh inflows.
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Kraken is teaming up with Legion to offer ICO-like token sales to over 15 million global users, aiming to improve the selection process for investors. Legion Scores will help filter out bots and unethical buyers, creating a fairer environment for all participants.
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Vitalik Buterin defended Ethereum's long exit times for unstaking ETH, stating it's crucial to maintain trust in the network. The delays, which can exceed 43 days, have sparked criticism from industry figures questioning the usability of the process.
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Pixelverse is expanding to a more Web3-native gaming audience with the launch of Pixelverse Arcade on Ethereum layer-2 network, Base, and a game on Farcaster. The move aims to integrate Web3 mechanics and establish on-chain features and collectibles.