CFA Report Pegs US Crypto Fraud Losses at $80.7B

Trump Media and Technology Group has filed for a new ETF, the Truth Social Crypto Blue Chip ETF, which will include Bitcoin, Ethereum, Solana, Cronos, and XRP. The fund's shares, if approved, will be listed on NYSE Arca with Crypto.com as the digital assets custodian.

Volkswagen ADMT has partnered with Hivemapper's Bee Maps to enhance its self-driving operations with real-time mapping data collected by contributors. The collaboration aims to improve the accuracy of autonomous pick-ups and drop-offs by utilizing street-level imagery. This move reflects the increasing use of crowdsourced geospatial data in the autonomous ride-sharing industry.

Bitcoin's price volatility has hit historic lows, hovering near its all-time high. QCP Capital analysts caution about potential market fireworks in Q3 and Q4 due to current calmness. BlackRock's iShares Bitcoin Trust has seen significant inflows, holding 3.52% of Bitcoin's circulating supply.

Robinhood's CEO, Vladimir Tenev, plans to tokenize thousands of private companies' stocks, following the controversy over OpenAI and SpaceX tokens. Tenev aims to provide retail investors access to these stocks via Robinhood's Ethereum layer-2 network.

Ego Death Capital has closed its second $100 million fund to invest in software companies on the Bitcoin protocol, focusing on Series A investments in Bitcoin-native firms with positive cash flow. The fund's investors are Bitcoin-aligned family offices seeking exposure to revenue-generating businesses in the Bitcoin space.

Raymondip Bedi and Patrick Mavanga have been sentenced to a combined total of 12 years for defrauding at least 65 investors by cold-calling victims to sell fake crypto investments. The case is part of UK authorities' efforts to combat financial crimes involving digital platforms.

Analysts predict Bitcoin will reach $200,000 by the end of 2025 due to factors like new regulations and increased institutional interest. Stablecoins, interest rate cuts, pension funds, and Strategy treasury copycats are expected to drive the crypto market further.

BlackRock's iShares Bitcoin Trust (IBIT) has amassed over 700,000 BTC, valued at nearly $75.6 billion, making it the third most profitable fund at the asset manager. The fund has been rapidly growing since its debut in January 2024, outperforming other U.S.-listed Bitcoin ETFs.

Stablecoin firm Tether has made a strategic investment in Crystal Intelligence to enhance efforts in combating crypto-related crime using its USDT token. The partnership provides Tether access to tools for real-time risk monitoring and fraud detection, aiding law enforcement in tracking suspicious activity.

XRP perpetual futures open interest surged to 800 million XRP, the highest since January 19, with current interest at 743 million XRP, 33% higher than in June. The rise is driven by traders favoring bullish long positions, as indicated by positive perpetual funding rates.