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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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Aptos experienced a surge in developer interest after a viral social media campaign by user BuzzlamicJihad. The campaign led to a 17% increase in Aptos' value and created catchphrases that became popular in the crypto community.
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A collaboration between Adidas and Xociety will see the release of limited edition NFT mystery boxes containing virtual clothing for player avatars in the Sui-based game. Each box will include Adidas-themed digital clothing sets with varying rarity levels, along with authenticity certificates and XCS tokens representing corporate shares in Xociety.
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Despite the successful launch of Ethereum's Pectra upgrade, the price of ETH remained stagnant, trading 40% lower than a year ago. The recent upgrade, along with "The Merge," did not result in significant price movements, as analysts often view Ethereum upgrades as "sell the news" events.
Coindesk
Revolut is collaborating with Lightspark to introduce Bitcoin transactions on the Lightning Network in the U.K. and select EEA countries. The feature aims to reduce fees and processing time for crypto users, with no specified timeline for its launch.
Protos
The criminal trial of former SafeMoon CEO Braden John Karony began with testimony from a victim who lost $20,000 and the prosecution's star witness, Thomas “Papa” Smith. Karony is accused of money laundering, securities fraud, and wire fraud related to SafeMoon's liquidity pool.
Coindesk
Bitcoin's recent chart patterns resemble those before the late 2024 rally, with the MACD histogram and SMAs indicating potential bullish momentum. Traders interpret signals in context with price action to avoid false indicators like bear traps.
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Bhutan has partnered with Binance Pay and DK Bank to allow tourists to make crypto payments for various services like airline tickets, hotel stays, and local crafts. Over 100 cryptocurrencies are supported, settling transactions in the local currency, Ngultrum (BTN), through DK Bank.
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Ethereum has activated the Pectra upgrade, enhancing scalability and network operations. The upgrade includes improvements in validator processing, cryptographic operations, data access, and attestation efficiency, with a focus on Layer 2 and Layer 3 environments.
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Movement Labs has severed ties with co-founder Rushi Manche, leading to the creation of Move Industries. The new leadership promises enhanced transparency, stronger governance, and a focus on builders. The fallout stemmed from market maker Rentech dumping 66 million MOVE tokens shortly after launch.
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Metaplanet Inc. purchased 555 Bitcoin, totaling 5,555 BTC worth over $482 million, as part of its strategy to convert capital into Bitcoin amid global macro uncertainty. The Tokyo-listed firm raised over ¥35 billion through zero-coupon bonds and stock acquisition rights to invest in Bitcoin.