CFA Report Pegs US Crypto Fraud Losses at $80.7B

Ethereum's bullish outlook is supported by whale accumulation during the recent market correction, with experts foreseeing a bright future due to institutional interest and ETF prospects. Whales holding 1,000 to 100,000 ETH increased their holdings by 14% in the past five months, outperforming Bitcoin.

Coinbase CEO Brian Armstrong aims to increase AI-generated code to over 50% by October, with current AI code at around 40%. The push for AI integration aligns with industry trends, despite concerns about job impact and understanding of code creation.

U.S. Bitcoin ETFs saw significant inflows of over $300 million for two consecutive days, reversing a trend of heavy outflows in late August. Analysts attribute the capital movement to market-making arbitrage mechanisms and institutional investors scaling in during corrections.

Australian self-managed superannuation funds held $3.02 billion in cryptocurrencies by June, a small fraction of the $1 trillion managed in the country's pension system. Despite a surge from $1.7 billion in March 2024, crypto assets in these funds have remained steady at around $3 billion.

The six candidates running for the CalPERS board expressed differing opinions on including Bitcoin in the pension fund's portfolio, despite the system holding shares in Bitcoin treasury company Strategy. Incumbent David Miller clashed with challenger Dominick Bei over the issue, highlighting the debate over indirect versus direct crypto investments.

The Federal Reserve Board will host a conference on payments innovation on October 21, focusing on emerging technologies in U.S. payment systems. Governor Waller emphasized the importance of improving safety and efficiency in payments through innovation and collaboration with industry experts.

Bitcoin's hash rate hit a new high of 1.279 zettahash per second, surpassing 1 ZH/s for seven days. Miners face challenges with energy costs and reduced rewards post-halving, prompting some to explore high-powered computing.

Portage Biotech, now AlphaTON Capital Corp., is transitioning to a digital asset treasury focused on TON. The firm raised $100 million for this purpose, with plans to actively participate in the TON ecosystem.

Compass Point analysts initiated coverage of Bullish with a neutral rating and a $45 price target, expressing concerns about its ability to enter the U.S. market due to regulatory uncertainties and New York's BitLicense restrictions. Despite Bullish's high valuation, analysts see potential if it secures a U.S. license.

Collector Crypt's CARDS token on Solana saw a market cap increase to $85 million from $23 million in a day. The project offers NFT packs redeemable for physical Pokémon trading cards and operates a marketplace for trading rights to the cards.