CFA Report Pegs US Crypto Fraud Losses at $80.7B

Tari, a new layer-1 blockchain led by former Monero developers, aims to provide an easy onboarding experience and default confidentiality for user safety. With over 700,000 participants in its airdrop program, Tari plans to offer a secure and private network for users and developers alike.

Emma Reynolds MP, the UK’s Economic Secretary for the Treasury, dismissed the idea of a national crypto reserve, stating alignment with the U.S. on collaboration but not on stockpiling Bitcoin. The UK is exploring sovereign debt issuance through distributed ledger technologies, aiming for regulatory alignment with traditional financial services firms.

Senate Majority Leader John Thune has acknowledged the need for Republicans to adopt a more open stance with Democrats to advance the U.S.'s first comprehensive federal regulatory framework for dollar-pegged digital assets. Pressure for compromise is mounting as partisan tensions threaten to disrupt the GENIUS Act's progress.

Florida has withdrawn two bills, House Bill 487 and Senate Bill 550, which aimed to create a state-level strategic bitcoin reserve. These bills, filed in February, sought to allow public funds to be invested in BTC, joining other states like Wyoming, Pennsylvania, and Oklahoma in similar efforts.

21million.com, a Bitcoin faucet by Charlie Shrem, mimics Gavin Andresen's original Bitcoin faucet from 2010. Despite being non-functional as of May 5, 2025, the project aims to distribute small amounts of Bitcoin through CAPTCHA tasks.

Spark, part of the Sky ecosystem, has committed an additional $1 billion to tokenized real-world assets backed by U.S. Treasury securities, bringing its total value locked to $2.4 billion. This expansion follows the Tokenization Grand Prix and aims to stabilize yields in DeFi.

Florida's bills to allocate up to 10% of select public funds to Bitcoin were withdrawn as the legislative session ended. Several states, including Arizona and Oklahoma, have also rejected or abandoned similar efforts due to various reasons like risk and volatility concerns.

President Trump is hosting two crypto-themed dinners, one for top $TRUMP holders with a White House tour and VIP reception. Lawmakers are concerned about political access tied to crypto holdings, sparking backlash. The events have reignited debate over transparency in political crypto fundraising.

The Kenyan High Court has ruled that World project must delete all biometric data collected without proper consent, violating privacy rights. The court ordered the deletion of data within seven days and prohibited further collection without valid consent.

In April, Riot Platforms sold $38.8 million worth of Bitcoin to boost liquidity, with 475 BTC sold at an average price of $81,731 per coin. The company aims to reduce reliance on equity financing and limit shareholder dilution amid tightening margins in the mining sector.