Decrypt
The Consumer Federation of America reported that cryptocurrency scams and cybercrimes resulted in estimated losses of $80.7 billion, with investment fraud being the largest category at $8.6 billion. The FBI's complaint center recorded over 1 million complaints, totaling $20.9 billion in losses.
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Decrypt
Foundry Digital launched the Foundry Zcash Pool, attracting 29% of the Zcash network's hashrate since March. The move expands into privacy-focused cryptocurrency mining beyond Bitcoin, addressing a critical infrastructure gap for Zcash.
Decrypt
BitMine Immersion Technologies recently purchased 71,524 ETH valued at $157 million, increasing its total holdings to 4,874,858 ETH worth over $10.7 billion. The firm is actively staking 3,334,637 ETH and aims to earn $300 million annually in rewards.
Coindesk
ClearBank Europe, the first Dutch credit institution approved under MiCA regulation, will offer stablecoins like EURC and USDC. With over 270 institutional clients and $13 billion in assets, it can provide regulated crypto services without a new license.
Decrypt
Strategy disclosed a $1 billion Bitcoin purchase last week, increasing its holdings to nearly 781,000 Bitcoin. The firm utilized proceeds from its preferred share, STRC, to fund the acquisition, avoiding dilution of common shareholders.
Coindesk
A significant XRP transfer to Coinbase, involving 89,828,700 XRP worth $119 million, was observed today. The funds were moved from one wallet to an intermediate one before reaching a Coinbase-associated address, sparking speculation about potential selling intentions.
Coindesk
On Monday, World Liberty Financial minted 25 million USD1 stablecoins and burned 3 million through its TokenGovernor contract, managing the fallout from a lending position that trapped depositors on DeFi protocol Dolomite. The mint was funded through BitGo Custody, with smaller test transactions preceding it for wallet verification.
Coindesk
The Bank of Korea is proposing to implement circuit breakers on cryptocurrency exchanges to halt trading during sharp price swings or abnormal orders, following an incident at Bithumb where a massive amount of bitcoin was mistakenly distributed. This recommendation aims to align crypto trading with stock market regulations.
Coindesk
Glassnode reports that the Bitcoin market is experiencing significant profit-taking, with over $20 million worth of BTC being sold per hour. The $70,000–$80,000 range is identified as a persistent distribution zone rather than a battleground of conviction, as rallies above $70,000 are met with immediate supply.
Coindesk
The Aave community has voted in favor of the "Aave Will Win" proposal, redirecting revenue back to the DAO treasury and consolidating economic rights under the AAVE token. This decision marks a significant shift in governance, with the DAO now responsible for funding Aave Labs' activities.
Coindesk
Alameda Research, affiliated with bankrupt FTX exchange, moved $16 million in Solana's SOL token to an address linked to creditor repayments. This action of unstaking involves withdrawing locked-up crypto assets from a proof-of-stake network to earn rewards.