CFA Report Pegs US Crypto Fraud Losses at $80.7B

Polymarket has partnered with Chainalysis to implement blockchain-based surveillance tools to detect insider trading and ensure compliance. The collaboration includes investigative tools, on-chain threat prevention, and a detection model identifying patterns of insider knowledge.

Kalshi rose to the fourth-largest US sportsbook in March based on adjusted handle per-adult, surpassing well-known operators like BetMGM and Bet365. Despite claiming not to be a sports betting company, Kalshi's growth in the prediction market sector is undeniable.

MegaETH, a layer-2 scaling network for consumer-facing projects, launched its token with a market capitalization of $176 million. The project's unique token rollout strategy ties token release to network performance metrics like total value locked and speed of transactions.

Elizabeth Warren criticized World Liberty Financial for its ties to a crypto project linked to individuals sanctioned by the US. The Trump family-affiliated crypto company denied any wrongdoing, as Democrats use crypto to target Republicans.

Tether Investments proposed a triple merger involving Twenty-One Capital, Strike, and Elektron Energy to create a leading Bitcoin company. The merger would combine significant Bitcoin holdings, financial services, and mining infrastructure under one public entity.

Gemini has obtained a Derivatives Clearing Organization license from the CFTC, enabling the exchange to internally settle prediction market wagers and derivatives trades. This license allows Gemini to expand its product offerings, potentially including more complex products like perpetual futures.

Andean Medjedovic, accused of stealing $65 million from DeFi protocols, is linked to recent money laundering activities. A pseudonymous blockchain investigator expressed concern over Medjedovic's confident actions and called for accountability. Medjedovic, a former math prodigy, has been on the run since 2021 and is seeking a presidential pardon.

Coinbase's asset management arm is launching the Coinbase Stablecoin Credit Strategy (CUSHY) fund, offering onchain access through a tokenized share class on platforms like Ethereum and Solana. This move reflects the increasing intersection between traditional credit markets and crypto infrastructure, with stablecoin transactions growing significantly in recent years.

World Liberty Financial's token, WLFI, dropped 18% following a controversial governance vote that some critics labeled a "scam." The vote, which quickly passed, faced accusations of being rigged due to the disproportionate distribution of tokens among voters.

AllUnity has extended its euro-backed stablecoin, EURAU, to the Solana blockchain to offer faster settlement and lower transaction costs for euro-denominated transfers. This move aims to support real-time cross-border payouts and facilitate trading, lending, and treasury management using a stable euro unit.