CFA Report Pegs US Crypto Fraud Losses at $80.7B

Tom Lee, Managing Partner at Fundstrat Global Advisors, predicts Bitcoin could reach $200,000 by year-end due to the U.S. central bank's potential interest rate cut on September 17. Lee believes Bitcoin and Ethereum are highly impacted by monetary policy changes.

Cantor Fitzgerald introduced the Gold Protected Bitcoin Fund to provide investors with exposure to Bitcoin's gains and protection from downside risks. The fund aims to minimize short-term volatility and benefit from Bitcoin's long-term potential while leveraging gold's safety net during market declines.

Ledger CTO Charles Guillemet warned of compromised JavaScript code packages that could silently swap crypto addresses to steal funds, affecting over 1 billion downloads. Software developer Cygaar advised against signing crypto transactions due to the vulnerability of various websites.

OpenSea has allocated over $1 million to acquire culturally significant NFTs for its Flagship Collection, starting with CryptoPunk #5273. The firm plans to elevate pieces from emerging artists and prevent information leaks during acquisitions.

MegaETH is launching a native stablecoin, USDm, in collaboration with DeFi protocol Ethena to reduce transaction costs. The stablecoin will be backed by Ethena's USDtb initially, with potential for other tokens in the future. Ethena's governance token, ENA, has seen a 7% increase in the past 24 hours.

CoinShares, managing $10 billion in assets, will go public on the Nasdaq through a merger with Vine Hill Capital Investment Corp., valuing the company at $1.2 billion. The move signifies a strategic shift for CoinShares towards global leadership in the digital asset management sector.

Bitcoin has shown a 4% decrease in the last month, with its fate now dependent on the upcoming Federal Reserve meeting. Analysts are closely watching for any potential interest rate cuts by the Fed, as Bitcoin continues to trade like a tech stock rather than digital gold.

Sam Lehman, former Symbolic Capital principal, has joined Pantera Capital as the fourth junior partner, focusing on crypto-AI investments. Pantera, with $4.8 billion in assets under management, is gearing up for its Pantera Fund V, targeting a $1 billion raise.

Nasdaq has requested a rule change from the SEC to allow the exchange to tokenize stocks, giving customers the option to trade securities in digital form with or without blockchain backing. This proposal reflects the growing interest in tokenizing assets in both traditional finance and digital asset-focused firms.

Stelios Haji-Ioannou, founder of easyGroup, is launching the easyBitcoin app in a move to make Bitcoin trading more accessible to the general public. The app, a result of a brand licensing deal with Uphold, will offer users the ability to buy Bitcoin and earn rewards on their investments.