CFA Report Pegs US Crypto Fraud Losses at $80.7B

Ronin, known for powering games like Axie Infinity, will transition to an Ethereum layer-2 scaling network on May 12, reducing RON token inflation and altering marketplace fees. The migration will cause approximately 10 hours of mainnet downtime, impacting game availability.

GSR launched the GSR Crypto Core3 ETF on Nasdaq, offering exposure to Bitcoin, Ethereum, and Solana with staking rewards. The ETF, trading as BESO, operates with a 1% management fee and weekly rebalancing based on research-driven signals.

The Russian State Duma passed a crypto regulation bill in its first reading, defining cryptocurrency as property and setting limits on annual purchases for non-qualified investors. The legislation allows for cryptocurrency use in foreign trade to bypass sanctions restrictions.

American Bitcoin Corp. activated over 11,000 Bitcoin miners at its Alberta facility, increasing its total hashrate to 28.1 EH/s. The company's shares surged by 13% following the deployment, aligning with their strategy to accumulate Bitcoin efficiently.

Robinhood Ventures Fund I made a significant investment of approximately $75 million in OpenAI, adding to its portfolio of high-growth private companies. The fund allows retail investors to access private company valuations through standard brokerage accounts, eliminating barriers for non-accredited investors.

The documentary "Finding Satoshi" suggests that Bitcoin's creator was a collaboration between Hal Finney and Len Sassaman. The film explores various suspects and the culture surrounding Bitcoin's creation, ultimately concluding that the mystery remains unsolved due to the suspects' deaths.

Security experts have warned about the North Korean Lazarus Group's "Mach-O Man" campaign targeting high-value executives in fintech and cryptocurrency. The group has siphoned over $500 million in the past two weeks alone, emphasizing the need for the crypto industry to recognize Lazarus as a constant threat.

DeFi traders are increasing risks by leveraging Strategy's already risky STRC to boost annual dividends up to 39%. They are using various DeFi protocols to amplify yields, adding leverage and future obligations to their investments.

Altcoins have surged as Bitcoin nears $78,000, with Pudgy Penguins meme coin PENGU leading gains. Analysts predict Bitcoin may reach $80,000, causing leveraged positions worth $418 million to be wiped out.

Justin Sun has filed a lawsuit against World Liberty Financial, accusing them of freezing his tokens, stripping his voting rights, and threatening to destroy his holdings without notice. Sun, a major investor in WLFI, claims he just wants fair treatment like other early investors.