CFA Report Pegs US Crypto Fraud Losses at $80.7B

A proposal, EIP-7983, aims to limit computational work per Ethereum transaction to enhance network security and support advanced cryptography. This change would split large transactions into smaller parts, increasing network stability and protecting against potential attacks.

CoreWeave has agreed to acquire Core Scientific in a $9 billion all-stock deal, providing 1.3 gigawatts of power with potential for expansion. The agreement aims to enhance operating efficiency and de-risk future expansion for CoreWeave.

DDC Enterprise Limited has acquired an additional 230 Bitcoin, increasing its total holdings to 368 BTC, as part of its corporate treasury strategy. This move reflects the food brands company's commitment to Bitcoin as a primary reserve asset.

A registry of cryptocurrency mining equipment has been compiled by Russia's Ministry of Energy to regulate and tax mining operations. This initiative aims to identify consumers using electricity for mining and legalize the sector, following the country's legalization of crypto mining last year.

The overlap between bitcoin mining and AI data center requirements is driving institutional investors to focus on this area, with states like New York and others aiming to capitalize on high-paying jobs in these industries. Bitcoin miners are diversifying into AI and cloud computing to offset reduced mining rewards post-halving.

Polymarket is embroiled in controversy over a bet on whether Ukrainian President Zelenskyy would wear a suit before July. The dispute involves UMA validators and token holders potentially manipulating the outcome, causing the price of "yes" to drop significantly.

Ukraine has frozen the assets of 60 firms and 73 individuals linked to Russian-backed crypto operations, aiming to disrupt Moscow's financial support for the war. President Zelenskyy signed the decree targeting companies involved in crypto schemes aiding the Russian military-industrial complex.

Jack Dorsey, founder of X and Block CEO, introduced Bitchat, a decentralized messaging app using Bluetooth for private, encrypted conversations. The app operates independently of the internet, providing resilience against network outages and censorship.

LetsBonk, a Solana launchpad, has surpassed Pump.fun in daily token launches, creating 19,620 tokens compared to Pump.fun's 9,249. LetsBonk's surge has given it a market share of 58.5% on Sunday, up from 2-18% previously.

Venture capital funding has surged past $2.8 billion in June, marking a significant rebound from a slow May. Notably, later-stage funding is on the rise, with Series B rounds raising $127 million and Series C to F rounds raising $185 million.