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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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MARA Holdings is expanding its focus on America's power grid by acquiring land in Texas with significant electrical grid capacity for a computing campus. The company's stock surged over 15% following the announcement, reflecting investor excitement about the move.
bitcoinmagazine.com
The New Hampshire Executive Council rejected a proposal for a $100 million Bitcoin-backed bond, despite being promoted as groundbreaking and historic. The council voted 3-2 against it, with concerns raised about lending legitimacy to a volatile asset class.
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Labour MPs are seeking to permanently ban political donations in cryptocurrency, with support for amendments to the Representation of the People Bill. The proposed changes aim to address concerns over the finances of Reform UK and its leader Nigel Farage.
bitcoinmagazine.com
BitGo Holdings, Inc. has introduced tools to help institutions measure and reduce quantum-computing risk associated with their Bitcoin holdings. The new features include a Quantum Risk Score, Fix Exposed Addresses Workflow, and UTXO Selection Method to enhance wallet security.
Coindesk
Aave Labs introduces Stable Vaults to enable fintech firms to offer stablecoin yield without direct crypto interaction. These vaults allocate deposits across DeFi lending strategies, simplifying earning for users within familiar fintech apps.
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MoonPay is introducing its AI crypto assistant to Telegram, enabling users to engage with MoonAgents via the messaging platform. Users can access their AI assistant on the go, expanding on the existing desktop app functionality. The integration allows for market analysis, transaction preparation, and blockchain activity monitoring.
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Paradigm, a major crypto backer, raised a $1.2 billion fund to invest in AI and robotics, expanding its scope beyond crypto. BNB Chain unveiled a roadmap for a new layer-1 blockchain focused on autonomous AI agents for trading and liquidity provision.
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The European Union is considering revising its crypto regulations to include non-EU stablecoin issuers, responding to pressure from institutions and developments abroad. The current framework lacks oversight of stablecoins issued by non-EU entities, prompting the need for a broader scope to cover emerging technologies.
Coindesk
Over $7.2 billion in assets have shifted from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP) since May, with Mantle being the latest project to make the move. The migration aims to enhance security and control over token transfers across various blockchain networks.
Coindesk
B3 stock exchange in Brazil now offers options on Bitcoin, Ethereum, and Solana futures, settling into the underlying futures contracts. These products allow traders to hedge crypto exposure and trade volatility locally without involving custody of spot crypto assets.