CFA Report Pegs US Crypto Fraud Losses at $80.7B

Project X aims to differentiate itself in the crowded DeFi space by focusing on distribution-first approach, emphasizing marketing, user experience, and incentive design. The team plans to launch an AMM DEX on HyperEVM, integrating HyperCore later for a unique trading experience.

Record-breaking momentum in Bitcoin and Ethereum ETFs last week boosted total assets under management in crypto-linked funds to $211 billion, with the U.S. leading in inflows. Despite gains, analysts warn of potential reversal as institutional activity may slow down.

Max Burwick, founder of Burwick Law, has announced his candidacy for Mayor of New York City, intending to form a crypto coalition to challenge opponent Zohran Mamdani. Burwick's campaign is expected to prioritize crypto and advocate for consumer-friendly regulations, with details on his platform still scarce.

Bitcoin reached a new all-time high of $122,838, leading to gains in major altcoins like Algorand, Sui, XRP, Solana, Dogecoin, and Cardano. Ethereum also saw a 3.4% weekly increase to over $3,068, with public companies like SharpLink Gaming acquiring significant amounts of ETH.

The federal judge dismissed the class-action lawsuit against Dolce & Gabbana USA, stating it was not liable for the failed NFT project that raised over $25 million. The lawsuit alleged false marketing claims and a "rug pull" scheme, affecting NFT buyers.

MoonPay has integrated with Revolut Pay, enabling users to purchase digital assets seamlessly from their accounts. This partnership aims to simplify transactions for U.K. and European customers, reducing common issues like card declines and verification delays.

Metaplanet CEO Simon Gerovich is involved in advancing a Bitcoin treasury strategy campaign in Asia through acquiring South Korean public firm SGA Co. The acquisition, approved by Korean regulators, will make Asia Strategy Partners LLC the largest shareholder of SGA Co, aiming to secure funds for business goals.

El Salvador's Bitcoin holdings have surged to over $762 million, with the digital asset surpassing $122,000, proving President Nayib Bukele's strategy successful despite initial skepticism and criticism. The country's Bitcoin reserves have nearly tripled in value, showcasing the potential for long-term gains.

SharpLink Gaming acquired 16,374 ETH worth $48.85 million, adding to their previous purchase of 21,487 ETH for $63.7 million. The company's shares surged 71% in a week, reaching $23.20 on Sunday, while Ethereum traded at $3,052.

Bitcoin surged to a record $121,800 due to a convergence of macroeconomic and fiscal policies, including Trump's tariffs and the U.S.'s fiscal strength. This has led to contained inflation and robust growth, with expectations of U.S. interest rate cuts fueling a risk-on sentiment.