CFA Report Pegs US Crypto Fraud Losses at $80.7B

Camp Network has launched its L1 mainnet and native CAMP token to support creator royalties and AI-agent monetization. The platform aims to protect intellectual property and creativity in the face of AI advancements, offering a solution for content tokenization and ownership onchain.

The CFTC is upgrading its surveillance capabilities by utilizing Nasdaq's Market Surveillance platform to monitor various asset classes, including digital assets and prediction markets. This move is in response to the evolving market landscape and the need for more sophisticated tools to prevent illicit activities in financial markets.

Polymarket, Hyperliquid, and pump.fun are leading the modern-day crypto enterprise, with Polymarket gaining mainstream success through betting on random events like the US election. Despite criticisms of crypto's focus on speculation, these apps are reshaping the industry with their unique offerings.

Standard Chartered has raised its year-end Ethereum price target to $7,500, projecting a potential $25,000 by 2028. The bank highlights key drivers such as ETF accumulation, corporate buyers, yield advantage, regulatory tailwinds, and tech upgrades supporting Ethereum's growth potential.

Unicoin plans to file a motion to dismiss the SEC lawsuit, arguing that the complaint distorts facts and overlooks key disclosures. The company asserts its commitment to transparency, compliance, and responsible innovation, while CEO Alex Konanykhin criticizes the SEC's actions as political theater.

Hemi Labs, founded by Jeff Garzik, secured $15 million in funding from investors like YZi Labs, Republic Digital, and others to enhance its Bitcoin programmability network. The funds will support applications for borrowing, lending, and trading on Bitcoin, along with further developing its Hemi Virtual Machine (hVM).

Jim Chanos' short trade on MSTR, hedged with a long BTC position, has proven to be highly profitable, with shares declining in value. Chanos strategically prepared for MSTR's premium relative to its BTC holdings to diminish, resulting in significant gains.

Bitcoin has retraced 10% from its recent all-time high, with analysts predicting a 54% chance of reaching $140,000 by year-end. Market data shows aggressive selling, leading to a potential near-term price decline.

Federal prosecutors are appealing the lenient sentencing of two Estonian nationals involved in a $577 million cryptocurrency mining Ponzi scheme. The appeal challenges the decision to sentence them to only three years of supervised release and $25,000 fines each.

Metaplanet Inc. saw a 5.7% rise after announcing plans for an international share offering and temporarily suspending warrant exercises. The company aims to raise around 130.3 billion yen for Bitcoin investments and strengthen ties with global investors.