CFA Report Pegs US Crypto Fraud Losses at $80.7B

Bits of Gold, a Tel Aviv-based exchange, has received approval from Israel's Capital Market Authority to issue a stablecoin pegged to the shekel. The stablecoin, BILS, was developed in collaboration with Solana and Fireblocks, with auditing by EY.

Block Inc., led by Jack Dorsey, revealed Bitcoin holdings of 28,355 BTC worth $2.2 billion in its first-quarter proof-of-reserves report. The holdings include BTC for customers and corporate treasury, confirmed by third-party auditors.

DeFi United has released a technical plan to recover from the KelpDAO bridge exploit, involving converting committed ETH into rsETH and liquidating affected positions in Aave and Compound. The coalition has implemented new security measures and received over $300 million in pledges for the recovery effort.

Ondo Finance, in collaboration with Broadridge Financial Solutions, enables investors to engage in corporate governance by accessing company filings and submitting voting preferences for over 250 tokenized securities on its platform. This move addresses the lack of governance rights in equity tokens, enhancing transparency and investor participation.

Strive Inc. announced the purchase of 789 Bitcoin for $61.45 million, increasing their total holdings to 14,557 BTC valued at approximately $1.1 billion. The company's True North subsidiary is hosting a Bitcoin for Business summit to educate CFOs and business leaders on corporate Bitcoin adoption strategies.

Gemini has launched Agentic Trading, the first U.S. exchange to offer direct AI agent integration for automated trading via the Model Context Protocol (MCP). Traders can connect AI models like Anthropic's Claude and OpenAI's ChatGPT to execute various strategies.

A bug in Litecoin allowed an attacker to exploit a vulnerability in the MimbleWimble Extension Block, resulting in a reorganization to rectify the issue. The reorg reversed invalid transactions caused by the bug, preventing the attacker from profiting.

Fidelity Digital Assets highlighted improving conditions in the digital assets market, focusing on metrics like unrealized profitability, momentum, and network usage. Bitcoin remains resilient, with dominance metrics showing concentration of capital. Despite choppy performance and regulatory scrutiny, momentum and profitability indicators suggest a corrective period for a more stable market structure.

BitMine Immersion Technologies recently acquired over 100,000 ETH, surpassing 5 million total holdings. The company's rapid accumulation has reached $11.75 billion in value, aiming to secure 5% of the ETH supply.

Strategy's Bitcoin holdings increased by 3,273 Bitcoin for $255 million, bringing their total to 818,334 Bitcoin worth $63.6 billion. The company issued 1.4 million common shares and emphasized the role of their variable-rate preferred share, STRC, in driving business decisions.