CFA Report Pegs US Crypto Fraud Losses at $80.7B

Ethereum, the leading programmable blockchain, has evolved significantly over the years, transitioning from proof of work to proof of stake and increasing its transaction capacity. Despite lower transaction fees, some investors still view Ethereum as undervalued compared to Bitcoin.

PayPal's PYUSD stablecoin is set to operate on the Stellar blockchain pending approval from the New York State Department of Financial Services. Stellar focuses on facilitating faster and cheaper cross-border payments, with PYUSD already available on Ethereum and Solana.

On Tuesday, spot Ethereum exchange-traded funds saw a significant increase in inflows, with BlackRock's iShares Ethereum Trust ETF leading with $80 million. This surge coincided with Ethereum's price surpassing $2,800 for the first time in four months.

HYPE has emerged as the top performer among the top 15 assets by market cap, with 7-day gains surpassing major altcoins. The Hyperliquid platform's native token, HYPE, has shown strong momentum with weekly gains of 12.4% and monthly appreciation of 67.2%.

Bitcoin saw a 0.5% increase following the May Consumer Price Index report, which showed a 2.4% rise in prices, lower than predicted by 73 forecasters. The cryptocurrency market has been on a positive trend, with BTC gaining 4.4% in the past week.

IREN plans to offer $450 million in unsecured notes to qualified institutional buyers, with a possible $50 million expansion. The notes will pay semiannual interest and can be converted into ordinary shares under specific conditions. The company intends to use the proceeds for financial strategies to offset equity dilution and market risk.

Moody's Ratings and Alphaledger successfully tokenized a municipal bond on Solana's blockchain, integrating the bond's credit rating into the security token. This proof of concept aims to provide institutional investors with trusted information for making informed decisions in decentralized markets.

Ondo Finance integrates with Ripple's RLUSD to allow qualified purchasers to mint and redeem OUSG tokens 24/7, with an initial supply of $30 million on XRPL for liquidity. Tokenized U.S. Treasuries have seen significant growth, reaching a market value of $7.2 billion.

David Kinitsky, a veteran of Grayscale and Fidelity, has been appointed as the new CEO of Everstake, succeeding founder Sergii Vasylchuk. The move signifies Everstake's push into institutional and global markets, focusing on proof-of-stake blockchains for crypto asset yield.

PlaysOut plans to release 15 Doge-themed mini-games via DogeOS, utilizing the Dogecoin blockchain for rewards. The games will be playable on MyDoge wallet and PlaysOut app, with potential NFT tradable items.