CFA Report Pegs US Crypto Fraud Losses at $80.7B

In April, U.S. spot Bitcoin ETFs saw significant inflows due to easing geopolitical tensions and improved investor risk appetite. Bitcoin's recent rally from $68,100 to $75,600 has been supported by these factors, with experts cautious about a sustained uptrend.

In 2025, Swiss-based blockchain firms captured 47% of European venture funding, with Zug hosting 41% of companies. The top 50 Swiss blockchain firms are collectively valued at $467 billion, solidifying Switzerland's dominance in the industry.

The ETH/BTC ratio has risen to a three-month high due to increased network activity and stablecoin inflows on Ethereum. This ratio, tracking ether's price against bitcoin, indicates capital flow preferences in the crypto market.

The price to attend President Trump's upcoming event for TRUMP token holders at Mar-a-Lago is significantly lower this year, with VIP status costing around $300,000 worth of TRUMP tokens compared to last year's $3 million. Attendees will have the chance to meet with notable figures like Tether's Paolo Ardoino and Mike Tyson.

Rakuten, Japan's e-commerce giant, is integrating XRP into its Rakuten Pay app, allowing 44 million users to use Ripple's cryptocurrency at over 5 million merchant locations nationwide. Users can also spot trade XRP and purchase it with Rakuten points.

The Ethereum Foundation has launched an "Audit Subsidy Program" to address the high cost of smart contract security audits. With a $1 million subsidy pool, the initiative aims to make professional security reviews more accessible to builders, supporting Ethereum's Trillion Dollar Security Initiative.

Kevin Warsh, President Trump's nominee for Federal Reserve Chair, disclosed a fortune exceeding $100 million, with investments in various sectors including crypto and emerging tech startups. His financial disclosure includes investments in Solana, dYdX, Dapper Labs, and other crypto ventures, as well as AI-focused and tech companies.

Tether introduced Tether.Wallet, supporting USDT, USAT, Bitcoin, and XAUT across various networks. Users can send funds using human-readable names and pay transaction fees in the transferred asset. The wallet is built on Tether's open-source Wallet Development Kit (WDK).

The Russian central bank plans to enforce regulations requiring citizens to declare overseas crypto holdings to the Federal Tax Service. This move aims to monitor and potentially restrict capital outflows from the country, aligning with the upcoming crypto legislation changes in July.

Goldman Sachs has filed for an ETF that sells options tied to Bitcoin's price to generate income for investors. The fund will allocate 80% of assets to Bitcoin exposure through ETFs and derivatives, using a subsidiary in the Cayman Islands to manage regulatory limitations.