CFA Report Pegs US Crypto Fraud Losses at $80.7B

Strategy's stock price has surged over 50% in the last month, with Bitcoin trading above $80,000 and Bitcoin spot ETFs attracting $827 million in May. The rally is fueled by institutional demand and short sellers covering their positions.

Aave is seeking to unblock $71 million in frozen crypto on the Arbitrum network, claiming the funds belong to users, not hackers. The legal battle involves DeFi recovery efforts conflicting with creditors pursuing judgments against North Korea.

Western Union introduced USDPT, a stablecoin on Solana issued by Anchorage Digital Bank N.A. The stablecoin will support various initiatives, including a consumer product named "Stable by Western Union" in over 40 countries by 2026. This move leverages Western Union's global infrastructure and user base.

Strive, Inc. has disclosed crossing the 15,000 BTC threshold in its Bitcoin treasury, following a recent purchase of 444 bitcoin for $33.9 million. The company's strategy focuses on growth in Bitcoin per share, with CEO Matt Cole leading the way.

The Depository Trust & Clearing Corporation plans to introduce tokenized securities trading in July, followed by a full launch in October, involving a wide range of financial firms. This initiative aims to bridge traditional finance and blockchain-based securities trading, potentially transforming market operations.

BitMine Immersion Technologies has purchased over 100,000 ETH for the third consecutive week, totaling more than 5.18 million ETH in its treasury. The firm's recent weekly buy of 101,745 ETH is valued at over $240 million at Ethereum's trading price of $2,365.

Bitcoin surpassed $80,000 overnight, a milestone in its recovery from dips below $65,000. Ethereum also saw gains, rising nearly 15% in the last month to $2,350. Strategy, a major Bitcoin holder, took a break from its weekly purchases.

World Liberty Financial filed a lawsuit against Justin Sun, accusing him of shorting their token and defaming the company after his holdings were frozen. Sun responded by filing a lawsuit against World Liberty, claiming his rights as an investor were violated.

GameStop has made a bold move by proposing to acquire eBay for $55.5 billion, offering $125 per share in a mix of cash and stock. The gaming retailer aims to achieve $2 billion in cost savings by streamlining eBay's spending.

Payward, the parent company of Kraken, has acquired Bitnomial, gaining a regulated U.S. derivatives stack under the CFTC. This move allows Payward to offer regulated crypto derivatives in the U.S. independently, with plans to introduce spot margin, perpetual futures, and options.