CFA Report Pegs US Crypto Fraud Losses at $80.7B

Trump Media and Technology Group plans to repurchase up to $400 million of its common stock, emphasizing it won't affect the $2.3 billion allocated for Bitcoin. The board's decision reflects confidence in the company's future and strategic direction, with repurchases to be made at their discretion on the open market.

Data from CryptoQuant shows a drastic 80% decrease in unique active addresses on the XRP Ledger since December, with the number dropping from 103,000 to fewer than 21,000. Active addresses are crucial for measuring blockchain network health and adoption.

A proposal to replace Celestia's Proof of Stake with a new Proof of Governance system aims to reduce token inflation and simplify staking. The change is seen as a necessary step to address investor concerns and improve the network's efficiency.

Meme coins like BunkerCoin and Werld Wur Thwee surged in market cap before crashing significantly. Traders flock to tokens inspired by current events, regardless of personal interest or morality, as seen with Labubu and controversial coins like Swasticoin.

Anthony Pompliano announced a $1 billion merger to create ProCap Financial, a Bitcoin-native financial services firm joining companies stockpiling the asset on Nasdaq. ProCap will merge with Columbus Circle Capital, raising $516 million in equity and $235 million through convertible notes.

Strategy, formerly MicroStrategy, recently acquired 245 Bitcoin for $24.8 million, bringing their total holdings to 592,345 tokens worth around $60 billion. This purchase, made between June 16 and 22, is the company's second smallest this year.

CoinShares reported a record $15.1 billion inflow into digital assets by institutional investors, with Bitcoin leading at $1.1 billion. Despite geopolitical tensions, confidence in crypto markets remains high, as seen in Ethereum's nine-week inflow streak.

Veer Chatel, a 19-year-old, faces 19.5 to 24.5 years in prison for a $245 million Bitcoin heist. The U.S. government opposes his release, fearing he may flee before sentencing to avoid testifying against co-conspirators.

Self Chain has officially terminated CEO Ravindra Kumar following allegations of a $50 million OTC scam. Kumar denied the accusations and stated that he and his legal team are preparing a response. The Self Chain token (SLF) on Binance has dropped by 35.9% in response to the allegations.

Metaplanet, a Tokyo-listed investment firm, recently purchased 1,111 Bitcoin worth $118 million, bringing its total holdings to 11,111 BTC. The company aims to acquire 100,000 Bitcoin by the end of 2026, using innovative capital raises to fund its buying spree.