CFA Report Pegs US Crypto Fraud Losses at $80.7B

Jarett Dunn, a former Pump.fun senior developer, is in a London prison for violating bail conditions. Dunn awaits a hearing for his attack on the Solana meme coin launchpad, which has generated over $770 million in revenue.

BitMine Immersion, backed by Peter Thiel, now holds over $1 billion in Ethereum after purchasing an additional $500 million this week, bringing their total ETH holdings to 300,657. The company shifted focus from Bitcoin mining to building an ETH treasury less than a month ago.

Canary Capital has filed for a staked Injective exchange-traded fund with the SEC, aiming to meet the rising demand for altcoin investment products. This move follows a trend of incorporating staking into crypto-based funds to attract investors seeking to maximize returns.

Satoshi Nakamoto, the mysterious Bitcoin creator, is now the 11th richest person globally with a portfolio exceeding $130 billion. Despite various theories, the true identity of Satoshi remains unknown, with wallets linked to the inventor never moving any Bitcoin.

Bitcoin Standard Treasury Company (BSTR) is set to go public through a business combination with Cantor Equity Partners I (CEPO), a special-purpose acquisition company (SPAC) linked to Cantor Fitzgerald. BSTR will launch with over 30,000 Bitcoin—over $3.5 billion worth—and $1.5 billion in PIPE financing.

The chaos during Crypto Week in Congress was unexpected, with issues arising from the Jeffrey Epstein scandal and concerns over a central bank digital currency. House Republicans faced challenges passing crypto bills due to internal and external pressures, ultimately impacting the legislative process.

An Australian man is livestreaming his attempt to break the world record for the “most tattoos of the same name,” with "Pump.fun" inked on his arm 415 times. He aims to reach 700 tattoos during a Saturday livestream to surpass the current record holder.

The Asia-Pacific region is experiencing a surge in crypto-related crime, with state-backed hacks, violent attacks, and complex laundering networks contributing to the issue. Notable cases include the $1.5 billion Bybit hack linked to North Korea and the high-profile murder of Anson Que, highlighting the overlap between crypto and violent crime in the region.

Australia's financial intelligence agency has declared cryptocurrency a top threat, announcing regulatory priorities for an overhaul of anti-money laundering laws. The expanded net will include 80,000 new businesses, with digital currencies posing a particular concern due to their cross-border capabilities.

Ethereum's recent rally has analysts predicting a potential new all-time high this year, with institutional accumulation and positive sentiment driving the price surge. The asset hit a five-month high of $3,418 before a slight dip, but remains elevated with strong fundamentals and institutional interest.