CFA Report Pegs US Crypto Fraud Losses at $80.7B

Gold prices rose 0.7% to $3,357 per ounce, driven by safe-haven demand, while Bitcoin traded near $97,500, close to its recent high. The Federal Reserve is expected to maintain interest rates at 4.25% to 4.50%, with investors awaiting Chair Jerome Powell's remarks post-meeting.

Canaan's stock received a "buy" rating from Benchmark, with a $3 price target, as the company expands in North America. Despite challenges in the Bitcoin mining industry, Canaan aims to benefit from rising Bitcoin prices and its diversified revenue streams.

The GENIUS Act, aimed at regulating stablecoins, faces opposition from both Democrats and Republicans. Despite bipartisan support in the Senate Banking Committee, recent revisions have caused uncertainty. Senate Republicans are pushing for a vote, possibly to shift blame onto Democrats before the 2026 midterms.

Researchers from Princeton University and the Sentient Foundation discovered vulnerabilities in crypto-focused AI agents, like those using the ElizaOS framework, allowing for undetectable attacks that manipulate memories and enable unauthorized transfers to malicious actors.

Strike's American customers can now secure Bitcoin-backed loans, with amounts ranging from $75,000 to $100,000 depending on the state. CEO Jack Mallers announced the new service, which will soon expand to other regions, including Europe.

DeFi Development Corp. recently acquired an additional $11.2 million worth of SOL, bringing their total holdings to over 400,000 tokens valued at $58 million. The company also purchased a Solana validator business for $3.5 million, enhancing its alignment with the Solana network.

The U.S. Commodity Futures Trading Commission has decided to drop its appeal against prediction markets platform Kalshi, ending a long legal battle. Kalshi founder Tarek Mansour expressed confidence in the future of election markets following the resolution.

Anthony Scaramucci expressed concerns about potential corruption and distractions caused by President Trump's involvement with cryptocurrency, including the TRUMP meme coin and partnerships with crypto businesses. Scaramucci emphasized the need for bipartisan consensus and a commitment to strategic Bitcoin reserves.

At Strategy World event, Michael Saylor discussed how AI powered their Bitcoin treasury to $52 billion. AI evolved from text editing to financial modeling, aiding in decision-making through data analysis from multiple sources.

Coinbase has secured a new marketing deal with Riot Games, making it the exclusive crypto exchange and official blockchain partner for League of Legends and Valorant global esports events. The multi-year sponsorship includes fan engagement opportunities, in-game segments, and viewer rewards.