CFA Report Pegs US Crypto Fraud Losses at $80.7B

Bitcoin Core developers will remove the 80-byte limit on OP_RETURN outputs in the upcoming v30 release, allowing for multiple outputs with up to 4MB of data each. This change aims to address issues related to data storage on the blockchain.

Plasma received $500 million in stablecoin deposits, indicating a strong token sales appetite. Blockworks Research's Boccaccio expressed cautious optimism about Plasma's potential in the stablecoin market.

The launch of Verse World's token on Solana's Pump.fun launchpad caused a stir, with the token's market capitalization surging to $112.8 million before retracting to $54 million. The project's founder, Micka Verse, revealed token distribution details, including community rewards and team allocations.

Franklin Templeton Digital Assets is introducing a new feature on its Benji platform called "intraday yield," allowing investors to earn yield on tokenized securities held for part of a day. This feature reflects the growing use of blockchains in the U.S. financial system, with plans to expand it to all compatible networks.

The Ethereum Market Research Center (EMRC), led by William Mougayar, aims to elevate Ethereum's ecosystem among institutional audiences. Featuring original research, curated content, and a news feed, EMRC seeks to enhance Ethereum's communication strategy and educational outreach.

Iurii Gugnin, founder of Evita Investments Inc. and Evita Pay Inc., was arrested for laundering over $500 million through U.S. financial systems to aid sanctioned Russian banks. The scheme involved facilitating transactions for Russian customers to acquire U.S. technology and nuclear materials while evading sanctions.

Société Générale's SG Forge plans to launch a dollar-backed stablecoin, USDCV, on Ethereum and Solana with BNY Mellon as reserve custodian. The move comes as global crypto regulations push banks to integrate fiat-pegged stablecoins into mainstream finance.

Bitcoin surpassed $110,000, up 3.5% in 24 hours, nearing its all-time high of $111,814. Ethereum and Solana also saw gains, while meme coins like Dogecoin and Shiba Inu rose. Crypto short positions worth $323 million were liquidated, led by Bitcoin at $196 million.

Cetus Protocol has recovered from a $233 million exploit by taking steps like retrieving frozen funds, receiving a bridge loan, and developing a compensation plan. The company has returned liquidity pools to a healthy state, with recovery rates ranging from 85-99%.

Plasma attracted $500 million in stablecoin deposits within minutes for its upcoming token sale, with one user spending $100,000 on Ethereum gas fees to expedite the process. The public sale, oversubscribed by 10x, signals a potential resurgence of initial coin offerings in the crypto market.