CFA Report Pegs US Crypto Fraud Losses at $80.7B

Warren Buffet, Berkshire Hathaway CEO, plans to step down after leading the company to a 5,500,000% return on investment. Despite softening his stance on Bitcoin's technology, he remains skeptical about its enduring value.

The U.S. Securities and Exchange Commission delayed approving a new crypto ETF for Litecoin, filed by Canary Capital, as part of the normal application process. Asset managers are seeking approval for ETFs targeting coins like Solana, XRP, and Cardano.

Semler Scientific disclosed purchasing 167 Bitcoins for $16.2 million, increasing its BTC treasury to 3,634 tokens. With a current value of $342 million, the company's Bitcoin stash was acquired at an average price of $97,093 per token, totaling $88,668 per token as of May 2.

The House Financial Services Committee's new discussion draft proposes amending American securities laws to exclude top digital assets from SEC oversight. The bill defines "digital commodities" and exempts their secondary market trading from SEC regulation under certain conditions.

Freight Technologies' stock price dropped 30% after announcing plans to raise funds for acquiring President Trump's meme coin. The move has sparked concerns about potential conflicts of interest and ethical issues surrounding the token's influence on policy decisions.

Warren Buffett, known for his negative stance on bitcoin, is stepping down as Berkshire Hathaway's CEO, leaving a legacy that may influence the firm's future crypto stance. His successor, Greg Abel, is expected to maintain the current ideology on digital assets.

VanEck has filed for approval to launch an exchange-traded fund tracking the BNB token's spot price, offering investors exposure to Binance Coin without direct ownership. This marks the first indication of an investment firm planning to introduce a BNB ETF in the U.S.

A critical bug in the ZK ElGamal Proof program on the Solana network could have allowed exploiters to mint unlimited Token-22 confidential tokens or withdraw them from accounts. A patch was swiftly rolled out to validators after the vulnerability was confirmed by engineers and security firms. The Solana Foundation successfully addressed the issue without any known exploits.

Last week, a group of Bitcoin Core developers tried to change the default mempool policy, sparking controversy. The attempt to raise the data storage capability of OP_RETURN outputs was met with criticism and labeled as an "OP_RETURN war." Concerns about censorship and undisclosed interests prevented the proposal from merging.

According to analysts at Bernstein, corporate investment in Bitcoin is expected to reach $330 billion over the next five years, with Strategy leading the way by holding 555,450 BTC worth $52.2 billion. Smaller firms are looking to replicate Strategy's Bitcoin-treasury business model for growth opportunities.