CFA Report Pegs US Crypto Fraud Losses at $80.7B

Over a hundred protestors gathered outside Trump National Golf Club in Virginia as President Trump hosted a private dinner for top $TRUMP cryptocurrency holders. Advocacy groups organized the protest, denouncing the event as political influence for sale. The backlash highlights concerns over Trump's involvement in digital assets.

Discussions are ongoing among major U.S. banks like JPMorgan Chase and Bank of America to potentially create a joint stablecoin venture. The banks are considering this move in response to the growing dominance of stablecoins in digital payments and pending stablecoin legislation.

Yield Guild Games launched YGG Play, a game publishing unit focusing on games catering to the "casual degen" vibe of crypto-native players. The new game, LOL Land, offers rewards like streaks, badges, and collectibles, aiming to serve the underserved market segment of crypto enthusiasts.

Bitcoin's spot and futures trading volumes surged in the past two days, reaching $150 billion and over $203 billion, respectively. The price of BTC climbed to nearly $112,000, up 2% in the last 24 hours and 8% for the week, driven by investor confidence in its hedge potential against the U.S. dollar depreciation.

Ember Sword, a popular Ethereum game, has ceased operations due to insufficient funding, despite attracting $203 million in NFT land sales. The closure reflects a broader trend of crypto games shutting down, such as Nyan Heroes and Blast Royale.

Outgoing CFTC Commissioner Summer Mersinger hinted at the imminent approval of crypto perpetual futures products in the U.S., emphasizing their potential benefits for the industry and economy. However, her departure, along with other commissioners, may hinder the agency's enforcement capabilities and regulatory reforms.

Myriad Markets allows users to predict outcomes in various fields, from Bitcoin prices to NBA winners. A new flash market on Myriad questions if Bitcoin can surpass $115,000, with predictors currently leaning towards "no" despite recent gains.

Congressional Democrats are demanding transparency regarding President Trump's dinner with top holders of his meme coin, criticizing it as a breach of disclosure norms. The event, closed to the press, has raised concerns about potential corruption and foreign influence.

Bitcoin's options market has surged to a record high of $65 billion, indicating a potential rally to $116,000-$120,000. Traders are favoring call options, with a notable increase in bullish sentiment despite some bearish bets.

Bitcoin has reached a new all-time high of $111,808, with a 4.5% increase in a day and a 22% rise over the last 30 days. Ethereum, Solana, and Dogecoin have also seen significant gains, outperforming Bitcoin in daily increases.