CFA Report Pegs US Crypto Fraud Losses at $80.7B

The Open Network's Toncoin (TON) dropped 5% to $2.79 after the UAE refuted claims about using it for a Golden Visa. The TON Foundation's announcement was criticized for lacking proper communication standards.

Altcoins, led by Dogecoin, Solana, and Ethereum, showed positive gains at the start of the week. Elon Musk's announcement of "The America Party" and the launch of a Solana ETF contributed to the market optimism. The SEC's decision on ETFs tracking altcoins' spot prices could attract significant institutional investment.

Elon Musk's America Party has tied Bitcoin to its political identity, advocating for radical fiscal reform. Musk's statements on fiat currency and Bitcoin align with the party's objectives, as it plans to field candidates in the 2026 midterms.

Senior Bitcoin developer Jon Atack was arrested in El Salvador over what he claimed were false accusations, causing concern on social media. Despite being informed of imminent detainment, he was released within minutes by law enforcement.

Metaplanet has acquired an additional 2,205 Bitcoin, bringing their total holdings to 15,555 BTC. The latest purchase was made at an average price of 15.64 million yen per Bitcoin, totaling approximately 34.49 billion yen ($213 million).

Approximately R$800 million ($140 million) was stolen from Brazilian banks in the largest digital heist in the country's history. The attack targeted C&M Software, involving unauthorized access to reserve accounts and fraudulent Pix transfer orders.

The Swedish Minister of Justice has urged enforcement agencies to step up efforts in seizing criminal profits, including cryptocurrency, under new legislation allowing property seizure without proof of wrongdoing. This call for increased cooperation aims to target assets generating substantial profits from illegal activities.

Ondo Finance has acquired Oasis Pro, an SEC-regulated digital assets infrastructure provider, to offer U.S. investors access to tokenized stocks. This move aligns with Ondo's goal of building a robust tokenized financial system and expanding its operations stateside.

An entity holding 80,000 BTC since 2011 began transferring the $8.6 billion worth of Bitcoin to new addresses in batches of 10,000 BTC each. This massive movement of coins aged 10 years or more is unprecedented in Bitcoin history.

Two Bitcoin wallets moved 20,000 BTC, valued at over $2 billion, to new addresses, originally received in 2011. With BTC now over $109,000, the holders may have a strong incentive to sell, although the transfers were made to non-exchange addresses.