CFA Report Pegs US Crypto Fraud Losses at $80.7B

DigitalX, Australia's only ASX-listed crypto fund manager, raised A$20.7 million from digital asset investors to increase Bitcoin holdings and form a strategic advisory board. The placement, priced at A$0.074 per share, included warrants and will fund Bitcoin purchases and operational expenses.

A public alert in Shenzhen warns residents about stablecoin scams, tied to illegal fundraising, fraud, and money laundering. Despite official bans, crypto trading remains widespread in China, with scams targeting mainland citizens and victims abroad.

The Tony Blair Institute and BCG proposed a controversial plan to tokenize land in Gaza, paying Palestinians to leave and rebuilding with blockchain initiatives. The idea was met with backlash from Palestinian activists and experts questioning its feasibility and morality.

Pump.fun is reportedly planning to launch its own PUMP token for sale, offering 150 billion tokens at $0.004 each, with a total supply of 1 trillion tokens. The sale, valued at $600 million, is expected to be on a first-come, first-served basis for up to 72 hours. Crypto exchange Gate advertised the sale on Monday, but then apparently pulled the page offline following substantial social media attention.

Blockchain data reveals an investor moving $2.2 million in Ethereum after holding the coins for nearly a decade. These "genesis" coins were received in 2015 when Ethereum was valued at less than 50 cents. Recent movements by long-time holders include a $27.6 million Ethereum sale in April and an $8 billion Bitcoin transfer last week.

The president's personal crypto dealings are facing scrutiny as Democrats protest against "Trump's crypto corruption," impacting the industry's legislative agenda. A recent poll by a pro-crypto nonprofit revealed that a majority of voters were unaware of Trump's crypto ventures, while another poll showed support for preventing Trump's family from benefiting from cryptocurrency.

Bitcoin is currently trading just below $108,000, with prediction markets showing optimism for it to stay above $100,000 throughout July. Despite technical challenges like low momentum and compressed volatility, multiple support levels and a bullish market structure may defend the $100,000 line.

The GUN token, originally launched on Avalanche, is expanding to Solana with a new skin pack for the game. This move aims to make the token more accessible across different chains.

Semler Scientific and Metaplanet increased their Bitcoin holdings on Monday, with Semler acquiring 187 BTC for $20 million and Metaplanet purchasing 2,205 BTC for nearly $239 million. Both firms have adopted Strategy's approach of creative financing for Bitcoin purchases.

The U.S. Treasury Department and Coin Center have mutually agreed to end the appeal regarding Tornado Cash, as the Office of Foreign Asset Control lifted sanctions against it in March. The government chose not to pursue defending its interpretation of sanctions laws in court.