CFA Report Pegs US Crypto Fraud Losses at $80.7B

Max Resnick from Anza revealed that sandwich attacks on Solana have significantly decreased due to improvements in the network's code. The reduction in sandwiching is attributed to the enhanced transaction targeting, limiting opportunities for malicious actors to manipulate transactions.

Upexi is strengthening its Solana treasury by raising $200 million through an equity offering and the sale of convertible notes. The firm aims to use the funds to purchase more SOL, with the convertible notes collateralized by locked, spot SOL from purchasers.

CoreWeave and Core Scientific are merging in a $9 billion all-stock deal, with Core Scientific trading as CORZ and CoreWeave as CRWV on Nasdaq. Despite initial investor enthusiasm, CORZ shares dropped to $12.51, and CRWV shares fell to $125.84 after the announcement.

An attacker exploited a flaw in GMX's codebase, stealing over $40 million in crypto, but later returned $40.5 million, including 10,000 Ethereum. GMX offered a 10% white-hat bounty for the return, with its token price seeing a 16% jump.

Grayscale has contested the SEC's decision to delay its Bitcoin, Ethereum, Solana, XRP, and Cardano ETF debut, citing harm to investors. The SEC paused the fund's launch for further review, despite initial approval on July 1.

XRP has gained nearly 27% in the past week, outpacing Bitcoin amid its recent push to new all-time highs. Open interest on XRP hit a nearly six-month high Friday, coming close to the record mark set in January.

Bitcoin recently reached a record high of $118,800, with a Bitwise analyst predicting further gains due to low open interest, implied volatility, and liquidity in the market. Traders are optimistic, with bets on Bitcoin hitting $140,000 by September.

SharpLink Gaming's stock surged above $20 per share after the firm acquired $30 million worth of ETH from the Ethereum Foundation. The move coincided with Ethereum's rise above $3,000, marking a 17% gain in five months.

Dogecoin (DOGE) surged 12% in the last 24 hours, leading the meme coin market as traders anticipate Pump.fun's ICO for its PUMP token. Meme coins, including Pepe and Mog Coin, have seen significant gains, outperforming major cryptocurrencies like Bitcoin and Ethereum.

Florida Attorney General James Uthmeier has evidence suggesting that Robinhood Crypto falsely advertised as the cheapest platform for buying crypto. The investigation focuses on Robinhood's payment for order flow (PFOF) model, which critics argue may lead to conflicts of interest.