CFA Report Pegs US Crypto Fraud Losses at $80.7B

OKX is considering an IPO in the U.S. following its settlement with the Department of Justice over money transmission violations. The exchange's move aligns with a trend of crypto companies pursuing public listings, influenced by Circle's recent successful IPO.

Coinbase has obtained regulatory approval to operate in the EU under the Markets in Crypto Assets framework, with Luxembourg granting the license. This move allows Coinbase to offer crypto services across all 27 EU member states, aligning with MiCA regulations. The company's decision to choose Luxembourg was influenced by the country's blockchain-friendly approach.

Cointelegraph's website was compromised in a front-end exploit promoting a fraudulent token airdrop, warning users not to click on pop-ups or provide personal information. The incident mirrors a recent attack on CoinMarketCap, part of a growing trend of phishing attacks targeting crypto platforms.

Texas has established its Strategic Bitcoin Reserve through Senate Bill 21, allowing the state to buy, sell, and manage Bitcoin investments. The reserve aims to enhance financial resilience against inflation and economic volatility, with detailed operational guidelines and security measures in place.

BTC is trading above $100,500 as markets stabilize after initial volatility from news of the U.S. striking Iran's nuclear facilities. Crude oil remains near $76 per barrel amid fears of Iran blocking the Strait of Hormuz.

Over $600 million in long positions were liquidated in the crypto market following U.S. attacks on Iranian nuclear facilities. Ethereum and Cardano suffered the most significant losses, while Bitcoin remained relatively stable. President Trump announced successful attacks on Iran's nuclear sites, in a significant escalation of tensions in the region.

Wall Street analysts predict high chances of approval for altcoin ETFs like Solana, XRP, and Litecoin by the end of 2025. The SEC's engagement with various applications has increased optimism for these approvals, potentially marking a significant milestone in Wall Street history.

Nakamoto Holdings, founded by David Bailey, raised $51.5 million to build a Bitcoin treasury, following a trend among public companies. The funds were secured through a private-investment-in-public-equity deal by merger partner KindlyMD, with plans to acquire more Bitcoin.

Circle and Coinbase have seen significant stock price increases following the Senate's GENIUS Act vote. Circle's CRCL shares surged from $156.36 to nearly $249, while Coinbase's COIN stock rose over 30% to above $308 this week.

Norway's Labor government plans to investigate a potential ban on new power-intensive crypto mining operations to allocate energy resources more effectively. The government aims to explore the prohibition of establishing new data centers for cryptocurrency mining by fall 2025.