CFA Report Pegs US Crypto Fraud Losses at $80.7B

Michael Saylor addressed concerns about Strategy potentially selling Bitcoin to fund dividends, stating it would have minimal economic and market impact. He explained the company's decision-making process between buying Bitcoin, retiring debt, or buying back stock.

Payward, the parent company of Kraken, is raising new capital at a $20 billion valuation, with recent acquisitions like Reap and Bitnomial. The company is preparing for a potential IPO, having submitted a draft registration statement to the SEC in November.

Anza's Alpenglow upgrade for Solana's layer-1 network is progressing towards a mainnet rollout, with testing underway on the community test cluster. The upgrade aims to enhance network speed and performance for Solana applications and exchanges.

Binance reported that its AI security systems prevented over $10.5 billion in user losses from 2025 to the first quarter of 2026, intercepting 22.9 million scam attempts. The company highlighted the rise of AI-driven fraud in the crypto space, with smart contract exploits costing as little as $1.22 per contract.

Keel Infrastructure Corp., formerly Bitfarms, disclosed a $145 million net loss in Q1 2026 due to ongoing expenses from a corporate rebranding. Revenue dropped 23% to $37 million, with an operating loss of $98 million, driven by losses in digital assets and credit facility extinguishment.

Sharplink reported a net loss of $686 million in Q1, with $507 million attributed to unrealized losses from its Ethereum treasury. The firm also announced plans to create a $125 million on-chain yield fund in collaboration with Galaxy Digital.

BitMine Immersion Technologies, a publicly traded Ethereum treasury firm, slowed down its pace of weekly accumulation, adding 26,659 ETH worth around $62 million. The firm, holding over 5.2 million ETH valued at $12.1 billion, aims to reach the 'Alchemy of 5%' target by late 2026.

Corpay has integrated stablecoin wallets and settlement capabilities for global corporate clients, partnering with BVNK to facilitate cross-border money transfers outside traditional banking hours. This move aims to enhance capital efficiency and streamline fund transfers across its global network using stablecoin rails.

Bank of England Governor Andrew Bailey has expressed concerns about the potential flood of dollar tokens into Britain during a crisis due to lacking direct redemption. Bailey, also chair of the Financial Stability Board, emphasized the importance of international standards for stablecoins to function effectively.

Ripple has secured a $200 million debt facility from Neuberger Specialty Finance to expand its institutional prime brokerage platform, Ripple Prime. The financing will support the platform's growth and scalability to meet increasing demand from institutional investors in traditional and digital markets.