CFA Report Pegs US Crypto Fraud Losses at $80.7B

Coinbase is considering launching a token for Base, its Ethereum layer-2 network, after years of not actively pursuing the idea. The network's official account mentioned the early exploration phase without specific details on timing, design, or governance.

BitMine Immersion, a Bitcoin miner, holds over $10.7 billion, mostly in Ethereum, with 2,151,676 ETH and 192 Bitcoin. Fundstrat Global Advisors Managing Partner Tom Lee believes Ethereum is in a supercycle due to Wall Street and AI moving onto the blockchain.

MoonPay, a crypto-focused fintech company, is acquiring payments startup Meso, with no financial details disclosed. Meso's co-founders will join MoonPay in key roles, following a previous acquisition of Solana-powered Helio for $175 million in January.

Forward Industries, a medical design firm, acquired nearly $1.6 billion worth of SOL, making it the largest publicly traded Solana treasury. The acquisition was funded by a $1.65 billion PIPE completed with financing from Galaxy Digital, Jump Crypto, and Multicoin Capital.

Bagwork, a pair of content creators, caused their Solana meme coin to surge to a $53 million market cap by leaking unreleased songs from Drake and Future. Their viral stunts on Pump.fun led to $83,410 in creator fees over two days.

American Express has introduced Ethereum-based 'travel stamps' as NFTs on Coinbase's Base network to commemorate travel experiences. These stamps, collected by using the Amex card, are not tradable tokens but serve as unique representations of travel history.

Last week, U.S. spot Bitcoin exchange-traded funds attracted approximately $2.3 billion, the highest weekly inflows since mid-July. BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund led the inflows, with daily flows showing consistent demand throughout the week.

The Ethereum Foundation is launching a full-time team, named dAI, to focus on developing AI systems within the crypto ecosystem and attracting off-chain AI industry players to the network. This initiative aims to bridge the gap between blockchain and AI organizations, with a focus on long-term sustainability.

Stripe's crypto head John Egan has left to join Polygon Labs, working as the chief product officer to enhance the stablecoin payments blockchain. Egan's move to Polygon comes as Stripe gears up to launch its own blockchain, Tempo, competing in the stablecoin payments sector.

Pump.fun, a meme coin launchpad on Solana, has seen a resurgence with a 40% jump in value over the weekend, making it the 3rd best mover in the crypto market. The platform's new focus on live streaming has attracted more creators and users, leading to significant growth.