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The Consumer Federation of America reported that cryptocurrency scams and cybercrimes resulted in estimated losses of $80.7 billion, with investment fraud being the largest category at $8.6 billion. The FBI's complaint center recorded over 1 million complaints, totaling $20.9 billion in losses.
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Cardano is positioning itself as a hub for Bitcoin DeFi, with a recent on-chain transaction between Bitcoin and Cardano facilitated by BitVMX. IO introduced the Cardinal protocol at the Bitcoin 2025 conference, aiming for full integration between Bitcoin and Cardano to provide DeFi services for BTC users.
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Cetus plans a recovery initiative to reclaim $162 million from hacker-controlled wallets through a protocol-level upgrade, pending community approval. The upgrade aims to recover funds frozen after a recent attack exploiting DEX vulnerabilities.
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El Salvador defied IMF's advice by purchasing more bitcoins, accumulating a total of 6,200 BTC worth over $674 million. Despite IMF's warnings and deadlines, the country's Bitcoin Office continues to expand its reserves through regular acquisitions.
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David Sacks discussed the Trump administration's efforts to reshape U.S. crypto policy, highlighting pro-Bitcoin actions and the establishment of a Strategic Digital Asset Reserve. Sacks emphasized the need for increased U.S. energy production to support AI and crypto innovation.
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The absence of U.S. President Donald Trump at the Bitcoin conference in Las Vegas is notable, with speakers discussing regulatory changes and the evolution of Bitcoin from its anti-government roots. Industry experts like Adam Back believe that Trump's involvement in the crypto space could accelerate government adoption of Bitcoin.
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William Duplessie and John Woeltz were arrested in New York for allegedly kidnapping and torturing a 28-year-old Italian businessman to access his Bitcoin holdings. Beatrice Folchi, Woeltz's assistant, was also arrested but released pending further investigation. The case is part of a trend of crypto-related violent crimes.
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9dcc, a luxury fashion and NFT-linked products company, will cease operations by the end of May due to economic challenges and being potentially ahead of its time in merging physical products with NFTs on the Ethereum blockchain.
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The Bitcoin 2025 conference in Las Vegas attracted a diverse crowd, from new enthusiasts to seasoned veterans, all eager to connect in person. Attendees included retail investors, institutional players, and entrepreneurs like Ben Justman, who sees the event as a valuable networking opportunity within the Bitcoin community.
Coindesk
Square, led by Jack Dorsey, is testing a program allowing attendees to make purchases with Bitcoin by scanning a barcode. Payments are settled in near real-time via the Lighting Network, with Square handling exchange rate calculations and confirmation notifications.
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Strive Asset Management secured $750 million for Bitcoin purchases through a PIPE financing arrangement, with potential to raise an additional $750 million. The firm aims to outperform other Bitcoin treasury companies by implementing innovative accumulation strategies.