CFA Report Pegs US Crypto Fraud Losses at $80.7B

M0, a Switzerland-based stablecoin platform, secured $40 million in Series B funding from investors like Polychain Capital and Ribbit Capital. The company, founded in 2023, has raised a total of $100 million. M0 aims to revolutionize the relationship between token issuers and blockchain developers.

American Bitcoin, co-owned by President Donald Trump's sons, plans to list on the Nasdaq in September after finalizing a merger with Gryphon Digital Mining. The company aims to build Bitcoin reserves through mining and outright purchases, with existing shareholders expected to retain 98% ownership post-merger.

Solana is preparing for Alpenglow, a proposal to reduce finality to ~100-150ms by moving validator voting off-chain, aiming to lower consensus overhead by ~20% and free up blockspace for user activity. This upgrade would significantly enhance Solana's speed and efficiency as a real-time settlement layer.

The Department of Commerce has started uploading GDP data to nine blockchain networks and partnered with Chainlink and Pyth to integrate U.S. macroeconomic data into the DeFi ecosystem. This marks the first time a federal agency has published economic data on-chain.

The Trump family, in partnership with Crypto.com, announced plans to build a $6.4B Cronos (CRO) treasury, integrating CRO into various Trump-linked platforms for subscriptions, rewards, and payments. This move has propelled CRO's price up by 159% in a week, reaching $0.37.

A group of former engineers from Jump Trading, Coinbase, and Citadel Securities have raised $20 million in new funding for trading infrastructure startup aPriori, totaling $30 million. The company aims to improve execution for traders and liquidity providers by utilizing high-frequency trading practices on Ethereum Virtual Machine networks.

Nunchuck Wallet introduces support for fully generalized Miniscript use, offering users unprecedented flexibility and control. Miniscript, a policy language by Core developer Pieter Wuille, simplifies Bitcoin script customization by creating a safer, higher-level programming language for users to craft custom scripts.

A former crypto trader was reportedly kidnapped and held for ransom in France, adding to the country's increasing trend of crypto-related abductions. The victim, identified as Alexandre, was found with injuries after being strangled unconscious by his captors who demanded a ransom in euros.

Bitcoin and crypto have surged, with experts acknowledging past misjudgments and predicting a potential dollar crisis to boost crypto. A significant wealth transfer to younger generations could lead to the rise of "bitcoin dynasties" by 2045.

Solana-based decentralized exchanges are experiencing a decline in daily trader count and transactions due to concerns over meme coin scams. Experts attribute the drop to predatory rug pulls and Ethereum's dominance, suggesting Solana needs to diversify beyond meme coins for sustainable growth.