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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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Inference speed, a hardware issue, slows down AI model processing on consumer devices. Google's Multi-Token Prediction (MTP) drafters offer up to a 3x speedup without compromising model quality.
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Payward Inc., the parent company of Kraken, is set to acquire Hong Kong-based stablecoin payments provider Reap Technologies for $600 million. The acquisition will allow Payward to expand its services into payment solutions across Asia, leveraging Reap's stablecoin infrastructure.
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U.S. spot Bitcoin ETFs have seen five weeks of positive inflows totaling $3.8 billion, with total net assets reaching a record $108.76 billion. Institutional demand is increasing due to factors like the expected resolution of U.S.-Iran hostilities and pending cryptocurrency legislation.
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The White House aims for the Digital Asset Market Clarity Act to pass the House by July 4, with a Senate vote in June. Industry leaders express confidence in the bill's passage, emphasizing its importance for U.S. digital asset leadership.
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0xSisyphus, known for a $60 million crypto fraud, has rebranded as a blockchain cop with a large following. Despite past failures, he now calls out scams in the crypto space, benefiting from his engagement to promote digital assets.
Coindesk
The White House aims for Congress to pass the Digital Asset Market Clarity Act by July 4, with a timeline set for Senate markup, floor passage, and a House vote, according to crypto adviser Patrick Witt. The bill addresses stablecoin-yield provisions and conflict-of-interest rules to establish regulatory clarity for the crypto industry.
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TrustedVolumes, a DeFi liquidity provider, suffered a $6.7 million exploit, with the attacker draining various cryptocurrencies. The breach was identified by Blockaid's exploit detection system, linking the incident to a previous exploit in 1inch Fusion V1.
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Bittrex, which settled an SEC lawsuit under President Biden, is now seeking to have the agreement voided due to the SEC's changed stance on crypto. The exchange's attorneys argue for a refund of the $24 million penalty paid in 2023.
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Ondo Finance, in collaboration with JPMorgan, Mastercard, and Ripple, completed the first near-real time cross-border redemption of a tokenized U.S. Treasury fund. The transaction, processed on the XRP Ledger, showcased the potential for seamless movement between blockchain infrastructure and the global financial system.
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OKX plans to introduce perpetual futures contracts tied to private companies like OpenAI, SpaceX, and Anthropic, allowing traders to speculate on valuations without owning shares. These contracts will track reference prices based on secondary market activity, offering exposure to high-profile tech firms. The move aligns OKX with other platforms offering pre-IPO market access.