CFA Report Pegs US Crypto Fraud Losses at $80.7B

DeFi United, led by Aave, has outlined a technical plan to recover funds lost due to North Korean hackers depositing unbacked rsETH as collateral on Aave and Compound. The recovery strategy involves converting committed ETH into rsETH and liquidating the attacker's positions through adjusted oracle prices.

Chiliz, a sports-focused blockchain, is adding Solana and Base to its roster of over 70 fan tokens. The company is moving towards "omnichain distribution" to unify token supply across different chains.

Tether, in collaboration with Canaan Inc. and ACME Swisstech, introduced modular Bitcoin mining systems that separate compute from power and cooling components. This innovative design allows for independent optimization of each component, addressing traditional mining hardware constraints and enabling cost and efficiency control at scale.

President Donald Trump recently attended a conference for top holders of his meme coin at Mar-a-Lago, where he delivered remarks to an enthusiastic crowd. Despite growing scrutiny on Capitol Hill, the event allowed attendees to visit the significant venue in Trumpworld.

Galaxy Digital reported a second consecutive quarterly loss, with a first-quarter net loss of $216 million, an improvement from the previous year. The company's total assets declined by 12% to $9.99 billion, mainly due to a decrease in digital asset values.

The U.S. strategic Bitcoin reserve, created by President Trump's executive order, is still under development, with legal interpretations being worked out to protect Bitcoin on the government balance sheet. Despite hints of a "big announcement," the Treasury has not made new Bitcoin purchases.

The U.S. Commodity Futures Trading Commission, under Chairman Mike Selig, is utilizing artificial intelligence and automation to compensate for a reduced workforce. AI is being employed to streamline registration processes, enhance market surveillance, and identify incomplete or inaccurate applications in the crypto sector.

Bitcoin's price is influenced by various factors this week, including the $82,000 CME gap, Magnificent Seven earnings, and the Federal Reserve's policy meeting. The market is cautiously optimistic, with attention on Bitcoin's ability to close above $82,000 for a sustained recovery.

Bitcoin 2026 conference opened with disappointments as BTC price dropped and main stage remained mostly empty. Security incidents and absent speakers added to the awkward atmosphere.

Fidelity Digital Assets released a cautiously bullish Q2 2026 Signals Report, highlighting improving metrics for Bitcoin despite a 52% drawdown. LayerTwo Labs CEO announced plans to hard fork Bitcoin into eCash, facing controversy over touching Satoshi's dormant BTC. Gemini launched Agentic Trading with AI integration for live trading.