CFA Report Pegs US Crypto Fraud Losses at $80.7B

Kraken announced that users can stake their Bitcoin on the platform to earn rewards as BABY tokens through the Babylon protocol. This feature is available in select regions, allowing clients to earn returns on their BTC while supporting PoS blockchains.

An update to World Liberty Financial's legal disclosure section reveals a reduction in the Trump family's majority stake from 60% to about 40%. The move comes amid growing scrutiny from Democratic lawmakers and regulatory bodies regarding the DeFi project.

Revolut, a major neobank, is exploring the creation of its own stablecoin, following a trend of non-crypto companies considering issuing stablecoins due to shifting regulations. The London-based bank's move to launch Revolut X, a centralized crypto exchange, in 2024, has now evolved into plans for a stablecoin.

Project 11 raised $6 million in a seed round to safeguard Bitcoin from potential threats posed by quantum computing. The funding was co-led by Variant and Quantonation, with participation from Castle Island Ventures, Nebular, and Formation, emphasizing the urgency for upgrading to quantum-safe cryptography.

X CEO Linda Yaccarino announced that the platform will soon offer in-app investing and trading, with plans for a potential X-branded debit card. Musk's ambition is to combine social interactions with financial services on the app.

Plasma, led by CEO Paul Faecks, plans to launch a stablecoin-optimized blockchain on mainnet by late summer. The company aims to focus solely on stablecoin-focused optimizations, with a public pre-sale opening at least 40 days before the mainnet launch.

The US federal government runs deficits annually, accumulating total debt owed to various entities, including foreign countries, US institutions, and individuals. Defaulting on debt held by certain entities, such as retirees or insurance companies, could have severe consequences. Selectively defaulting on foreign entities or the Federal Reserve poses challenges and implications for the US economy.

Anthony Scaramucci, founder of SkyBridge Capital, believes Solana will surpass Ethereum due to a better understanding of Solana's story. SkyBridge has significant investments in Bitcoin and Solana, with a positive outlook on Solana's potential growth compared to Ethereum.

Forgotten Playland integrates with Beam Network on Avalanche L1 chain, introducing freely tradeable in-game assets like NFTs. Players can own cosmetic and toybox NFTs, enhancing personalization and marketplace trading within the game economy.

Sol Strategies Inc., a Toronto-based investment firm, has filed registration papers with the U.S. Securities and Exchange Commission to list its shares on the Nasdaq Capital Market under the ticker symbol "STKE." The company, known for its significant SOL token holdings, aims to tap into the U.S. public capital market for its crypto treasury operations.