CFA Report Pegs US Crypto Fraud Losses at $80.7B

The Ether Machine has acquired 15,000 ETH for $56.9 million, becoming a major Ethereum holder, surpassing the Ethereum Foundation. With a total of 334,757 ETH and $407 million for more purchases, the company plans to list on NASDAQ in Q4.

GOAT Network launched BitVM2 Beta, a zero-knowledge rollup on Bitcoin, addressing slow transaction finality and scalability issues. The system uses ZK proofs for fast transaction verification and settlement on the Bitcoin mainnet.

Meta's quarterly results show a significant increase in revenue and net profit, allowing the company to invest heavily in AI. The share price surged by over 11% in after-hours trading, reaching $780, a stark contrast to its value in fall 2022.

Bolivia, after lifting its crypto ban, partners with El Salvador to advance digital asset policy and infrastructure. The Bolivian Central Bank sees digital assets as a reliable alternative to traditional currencies.

Cboe BZX has formally proposed to the SEC to list shares of the Invesco Galaxy Solana ETF, a joint venture between Invesco and Galaxy Digital. The ETF would provide regulated access to Solana's native token through traditional securities markets, tracking the "Lukka Prime Solana Reference Rate."

The criminal trial in New York revealed that Tornado Cash, created by Roman Storm, was accused of being used by criminals to launder stolen funds. Storm's defense argued that the protocol was meant for ordinary people to transact privately, enhancing transaction privacy by pooling and redistributing funds.

Cboe BZX and NYSE Arca have proposed a rule change to expedite the approval process for crypto ETFs, aiming to list certain products without individual SEC reviews. This move aligns with existing rules for traditional asset classes, potentially allowing faster market entry for assets like Solana and XRP.

Etherex, a new crypto exchange, aims to align incentives with users by offering a metaDEX structure where 100% of fees go to token holders. The platform, built on Ethereum's original vision, will serve as the rails for capital inflows to Linea.

According to a report by Mysten Labs, blockchains like Solana and Near, using the EdDSA signature scheme, are better prepared for quantum threats compared to Bitcoin and Ethereum, which rely on ECDSA. Quantum computing poses a significant risk to existing cryptographic systems, potentially compromising blockchain security.

The founders of Samourai Wallet pleaded guilty to operating an unlicensed money transmitter, facing up to five years in prison. The U.S. Department of Justice dropped a money laundering charge, opting for the lesser sentence.