CFA Report Pegs US Crypto Fraud Losses at $80.7B

XRP's price surged to over $3.00, driven by optimism about its utility and regulatory environment. Analysts predict further growth due to tokenization trends and XRP Ledger's compliance features. Ripple's CEO highlighted the positive impact of recent regulatory developments on the cryptocurrency's future.

A blockchain researcher accidentally burned $58,000 worth of Pump.fun's PUMP token on Solana, but he remains unfazed by the costly mistake. Despite losing a significant amount, he maintains a positive outlook, focusing on what he can control.

Flori Gilroy, former co-founder of BlockFi, has been appointed as the senior vice president of SoFi's crypto unit. The hiring was quietly confirmed through an update on SoFi's website, marking her return to the crypto industry.

Ola Olukoyede, the Executive Chairman of the EFCC, warned about the risks of corrupt politicians in Nigeria using cryptocurrencies to hide illegitimate wealth. Experts agree that crypto has become a tool for political corruption in Africa, with a lack of concrete data on the scale of the issue.

Bitcoin's recent 9.07% gain to $119,400 marks its strongest weekly run since May, with predictions of maintaining momentum above $100K and hitting $125K. The cryptocurrency's bullish trend is supported by technical indicators and a favorable market environment.

Ethereum-linked funds have seen a 19.5% growth in assets under management to $19.6 billion over the past 12 weeks, outpacing Bitcoin-linked funds. Despite Ethereum's price surge of 85% in the last three months, it has yet to reach its pandemic-era high of nearly $4,900.

Bitcoin treasury Strategy, formerly MicroStrategy, now holds 601,550 BTC worth nearly $73 billion after recent purchases. The company acquired 4,225 BTC for $472 million, with an average of $111,827 per coin, during a week of new Bitcoin highs.

Binance is launching a new token generation event model for its Binance Wallet, utilizing the bonding curve mechanism popularized by Pump.fun. Unlike Pump.fun, users must apply to launch a token on the platform, part of Binance's growing suite of token generation event products.

A closed-door meeting in Shanghai discussed the use of blockchain technology by state-owned firms for trade, supply chain management, and asset digitization. The focus on stablecoins indicates a potential shift in policy thinking, separate from speculative crypto assets.

Grayscale has confidentially submitted preliminary paperwork with U.S. regulators for the potential listing of its shares on the public market, as stated in a press release. The firm filed a draft registration statement on Form S-1 with the SEC, without disclosing specific details.