CFA Report Pegs US Crypto Fraud Losses at $80.7B

A total $32,000 was retrieved from a Bitcoin ATM by Texas sheriffs after a family reported losing $25,000 to scammers. The Jasper County Sheriff's Office used power tools to access the funds, cautioning against sharing personal information with potential scammers.

Bitcoin Cash has surged 98% since April, aiming to break the $500 resistance level. Bitcoin SV is quietly climbing, reflecting broader market dynamics as the S&P 500 hits 6,000 points. The Federal Reserve's decision to maintain interest rates has created a wait-and-see environment.

Semler Scientific has appointed Joe Burnett as the director of Bitcoin strategy to help achieve their goal of owning 105,000 Bitcoins by 2027. The company currently holds 4,449 Bitcoins worth $462 million. Despite a 33% year-to-date decline, investors reacted positively, pushing SMLR stock up by 14%.

Prediction markets like Myriad allow users to predict outcomes of various events, from politics to sports, with changing odds. Bitcoin's price surge to $111,814 in May prompts a new market on Myriad, asking if it will reach $115,000 or drop to $95,000 in 2025.

Coinbase has been granted a MiCA license by Luxembourg, allowing it to operate in the European Economic Area. Other major exchanges like Bybit, OKX, and Crypto.com have also obtained MiCA licenses from different EU countries. Luxembourg's favorable financial ecosystem has attracted Coinbase to establish its European crypto hub there.

Jupiter, a Solana-based exchange aggregator, has halted its DAO voting due to negative feedback, impacting the decentralization of the project. The decision to pause governance was made in response to a "perpetual FUD cycle" affecting the protocol's trust and effectiveness. Jupiter plans to revive DAO voting in 2026.

The tokenization industry is rapidly growing, with projections estimating a $16 trillion market size by 2030. Tokenization offers benefits like 24/7 trading, faster settlement times, and reduced costs for issuing and trading equities.

Bitcoin remained stable as U.S. Federal Reserve Governor Waller suggested potential interest rate cuts in July. Waller's comments come after the Fed's decision to keep rates steady, with most policymakers projecting two rate cuts this year.

Circle's stock surged to $236 in pre-market trading, surpassing Seaport Global's $235 price target. Analyst Jeff Cantwell predicts Circle's revenue to grow by 30% annually, with interest rates playing a crucial role in the company's performance.

Alex Mashinsky, former Celsius CEO, has agreed to forfeit all claims to the bankrupt crypto lender's assets, allowing for additional creditor distributions. The agreement, filed in the U.S. Bankruptcy Court for the Southern District of New York, bars Mashinsky and related entities from receiving any bankruptcy proceeds.