CFA Report Pegs US Crypto Fraud Losses at $80.7B

Block Inc., led by Jack Dorsey, will join the S&P 500 this week, replacing Hess Corp. The move follows Coinbase's addition in May, reflecting the growing acceptance of crypto firms in traditional finance.

Bitcoin's dominance in the cryptocurrency market has dropped to around 61%, with Ethereum and XRP experiencing significant price surges. Altcoins may need a trend reversal in Bitcoin's dominance for an altcoin season to begin, according to experts.

The GENIUS Act, signed by President Trump, legalizes stablecoins in the U.S., providing clear rules for their issuance and trading. This legislation is expected to spark interest from banks, traditional finance players, and major retailers in adopting stablecoins.

Charles Schwab plans to issue its own stablecoin, joining other traditional finance giants exploring tokens as the U.S. prepares stablecoin regulation. The brokerage firm, managing over $7 trillion in assets, is also gearing up to offer spot Bitcoin and Ethereum ETF trading.

Bitcoin Core developers have patched a 5-year-old disk fill bug that has been causing issues for full node operators since 2020. The bug, which involves attackers forcing excessive data writes to victims' hard drives, has finally been addressed in the latest Bitcoin Core release.

According to Adrian Fritz, Ethereum's price has surged 43% in the past month, outperforming Solana temporarily. Fritz believes Solana, with a more commercially-minded approach, has more potential due to its active developer community striving for improvement.

Ethereum has surged nearly 50% in the past two months, attracting institutional investors and predictions of a new all-time high. The cryptocurrency's rise is fueled by corporate treasury acquisitions and the potential impact of the Genius Act on stablecoins.

Strategy, a Bitcoin treasury giant, has multiple custodians for its $72 billion worth of BTC, including Coinbase. Despite criticism for lack of transparency, the company invoked SEC Rule 83 to keep custodian details confidential.

Dave Portnoy, founder of Barstool Sports, publicly regrets selling his XRP before it surged to an all-time high, missing out on potential millions. Despite launching his own Solana meme coins and dabbling in crypto, he continues to share his investment missteps.

Labour MP Pat McFadden suggested banning crypto donations in the UK to prevent illicit or foreign funding of political campaigns, following Nigel Farage's announcement of accepting crypto donations for Reform UK. Crypto UK's Ian Taylor argued that requiring sender identification could address concerns over "dark" money.