CFA Report Pegs US Crypto Fraud Losses at $80.7B

Ark Invest has been consistently adding Bullish (BLSH) stock to its ETFs, with a recent purchase of $5 million on Thursday. Cathie Wood's investment manager has acquired $12.5 million worth of BLSH shares since Monday, taking advantage of recent price declines.

Polymarket, the decentralized betting platform, is inaccessible in India following a government directive to block prediction markets. The Indian government has taken a prohibitive stance on online money gaming, leading to restrictions on platforms like Polymarket and potentially Kalshi.

Glassnode's research reveals that over 6 million Bitcoin, or 30.2% of the supply, are at risk of theft from potential quantum computer attacks. The exposed coins are categorized as structurally or operationally vulnerable, with exchanges holding a significant portion of the operationally unsafe Bitcoin.

The Ethereum Foundation faced criticism from former member Dankrad Feist, who proposed creating a new organization to align economically with Ethereum. Feist emphasized the need for funding from ETH staking fees to support the new entity.

The U.S. government plans to invest over $2 billion in quantum computing to address concerns about potential encryption breaches. IBM will receive $1 billion for a quantum manufacturing initiative, with a focus on producing advanced quantum chips in New York.

Kraken has obtained regulatory approval to operate in Dubai under its parent company Payward, allowing it to offer virtual asset services to retail and professional investors. The exchange will provide spot and margin trading, over-the-counter services, staking, and access to its institutional platform Kraken Prime in the UAE.

Sébastien Borget's wife was the target of a kidnapping attempt at their French home, with five individuals trying to abduct her before neighbors intervened. Two teenagers were arrested in connection with the incident, carrying fake weapons and other items.

Blockchain.com, a U.K.-based crypto exchange, has confidentially filed for a U.S. public offering, joining a list of crypto firms planning IPOs. The number of shares and expected price range are yet to be determined. The firm, founded in 2011, has facilitated over 100 million crypto wallets and $1 trillion in transactions.

Missouri Attorney General Catherine Hanaway filed a lawsuit against CoinFlip, accusing the Bitcoin ATM operator of facilitating fraudulent transactions and profiting from potentially predatory fees. Hanaway aims to prevent CoinFlip from operating in the state and impose $1.83 million in civil penalties.

Syndicate Labs, a crypto project specializing in on-chain communities and rollup-based apps, is winding down due to market shifts away from its core business. The company considered transitioning to rollup-as-a-service consulting but found demand had moved elsewhere.