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The Consumer Federation of America reported that cryptocurrency scams and cybercrimes resulted in estimated losses of $80.7 billion, with investment fraud being the largest category at $8.6 billion. The FBI's complaint center recorded over 1 million complaints, totaling $20.9 billion in losses.
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Plasma has announced its XPL token sale for July 17, following $1 billion in deposits. Participants must withdraw tokens before July 14, with a 40-day lock-up period post-sale. The mainnet launch is projected for late summer.
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Agora, co-founded by Nick van Eck, raised $50 million in a Series A round led by Paradigm and Dragonfly Capital. The funding will support expanding their stablecoin platform and introducing a new white-labeled stablecoin product.
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Bitcoin has broken through key resistance levels, reaching new all-time highs and attracting institutional investment. Technical indicators suggest a bullish trend, with potential for further upside and consolidation at current levels. Traders are closely monitoring indicators for confirmation of trend strength and potential corrections.
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Coinbase, led by CEO Brian Armstrong, has partnered with Perplexity AI to provide real-time AI-powered crypto data to traders. The collaboration aims to enhance crypto functionality and integrate crypto wallets into LLMs for a permissionless digital economy.
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Meme coins like Dogecoin and PENGU have surged in the last 24 hours, with PENGU being the largest mover among the top 100 cryptocurrencies. These tokens, along with others like Bonk and Fartcoin, have collectively gained 10% in trading volume.
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BIT Mining's share price surged 143% after revealing plans to establish a Solana Treasury and convert holdings to SOL. The company, previously trading below $3, aims to tap into the promising blockchain ecosystem.
DL News
Bitcoin traders are optimistic as the price hits a new all-time high above $112,000, with expectations of further gains this quarter. Traders are betting on Bitcoin surpassing $140,000 by September, reflecting a strong belief in its upward momentum.
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Bitcoin reached a new all-time high of $112,599 earlier Thursday, surpassing its previous record—and then continued climbing past the $113,000 mark. President Trump advocated for the Federal Reserve to lower rates, citing the booming crypto and stock markets.
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Rumble has partnered with MoonPay to launch its own crypto wallet, enabling users to buy, sell, and swap crypto assets. The collaboration aims to empower video creators on the platform by providing financial freedom through decentralized tools.
Coindesk
Bitmine Immersion Technologies (BMNR) shares plummeted 65% following a $250 million funding round and the appointment of Tom Lee as chairman. Investors are reacting to a plan to offer up to $2 billion worth of stock at the market.