CFA Report Pegs US Crypto Fraud Losses at $80.7B

Standard Chartered's note highlights Strategy's shift from hoarding to selling Bitcoin to pay dividends, causing uncertainty in Bitcoin's short-term outlook. Despite the sales, the bank maintains its end-2026 forecast of $100,000, emphasizing the need for clear communication to reassure markets.

The "Internet Court," established by a group of crypto and Web3 firms, aims to resolve disputes between AI agents in agentic commerce. This protocol, backed by 27 firms and led by the Genlayer Foundation, provides interoperable solutions for AI-based payments, escrow, and dispute resolution in machine-speed transactions.

Robinhood Chain, launched a week ago, has quickly become one of the busiest networks in crypto, processing millions in trading volume and boasting impressive user numbers. The chain's success is largely driven by meme coins, with tokens like Cash Cat and others experiencing significant gains.

Circle Internet Group, Inc. has obtained final approval from the OCC to establish a national trust bank, Circle National Trust, enhancing USDC infrastructure through federally-regulated custody services. This milestone "aligns digital asset infrastructure with the longstanding role of national trust banks in safeguarding client assets under strict fiduciary standards," the firm said in a statement.

Rossen Iossifov, already serving time for crypto laundering, faces new charges for moving $290,000 in cryptocurrency from prison. He allegedly conspired to transfer forfeited crypto through exchanges and mixing services to evade seizure.

Metaplanet, the third-largest corporate holder of Bitcoin, plans to explore entering the tokenized credit market by using BTC as collateral for credit instruments. This move aims to bridge traditional capital markets with on-chain technology, enabling 24/7 global trading and settlement.

Coinbase's Chief Legal Officer Paul Grewal is leaving the company after its legal battle with U.S. regulators. Molly Abraham will now lead the legal team, and Ryan Van Grack will take on a more public-facing role as vice chairman.

Circle is facing a criminal case in Wisconsin for allegedly failing to return stolen USDC to a scam victim, leading to a public dispute. The company argues that it cannot invalidate and reissue USDC once it leaves their control, and contests the jurisdiction of the court due to the tokens being outside Wisconsin.

The Ethereum Foundation is utilizing AI agents to detect vulnerabilities within Ethereum's software, including cryptographic systems, protocol code, and smart contracts. These agents have successfully identified bugs, such as a remotely triggered panic in libp2p's gossipsub, which was promptly fixed and disclosed.

Swift announced that 17 banks worldwide, including major institutions like BNP Paribas and HSBC, will participate in a pilot program using its blockchain-based ledger for tokenized deposits. This move aims to enhance global liquidity efficiency and client experience while maintaining compliance standards.