CFA Report Pegs US Crypto Fraud Losses at $80.7B

CFTC Chairman Mike Selig emphasized the agency's exclusive regulatory authority over prediction markets, stating that they regulate valid products within CFTC-regulated exchanges. The agency's lawsuits against certain states aim to establish federal oversight in commodity derivatives markets.

Bitget introduced IPO Prime featuring preSPAX, a token linked to SpaceX's future public market performance, offering retail investors a chance to engage with emerging companies early on. The token mirrors SpaceX's post-IPO economic performance without granting equity or voting rights.

Regular Animals, Beeple's robotic dogs, made an appearance in San Francisco, with one resembling Elon Musk. The Node Foundation will host a mid-career survey for Beeple, featuring works like Human One and "Everydays." The Musk-dog drew attention at the San Francisco waterfront, captivating passersby with its unique features.

Exodus, a publicly traded crypto wallet provider, introduced "Exodus Pay" to enable everyday payments within its self-custodial storage app. The feature is currently available in five states, including New York and California, and allows users to spend USD-backed stablecoins or Bitcoin at merchants accepting Visa or Apple Pay.

Zcash (ZEC) has surged nearly 62% in the last week, with odds of reaching $420 in April now at 60%. The recent rise is part of a broader uptrend in the crypto market following the U.S.-Iran ceasefire agreement.

World Liberty Financial's governance token, WLFI, faced a 14% drop to $0.08, with its market cap decreasing by $427 million to $2.58 billion. The project defended $150 million in stablecoin loans amid concerns about liquidity and debt repayment.

Tensions between BitTensor's founder and Covenant AI have caused TAO to plummet 18.5% in 24 hours. Covenant AI accused Jacob Steeves of centralized control, while Steeves denied the claims, leading to the firm's departure from the network.

Binance has offered its UAE staff the option to relocate to various Asian cities due to regional tensions, allowing flexibility and support during uncertain times. Despite the conflict, many employees have chosen to remain in the UAE, where Binance's operations continue as usual.

Hong Kong granted stablecoin issuer licenses to HSBC and Anchorpoint Financial, led by Standard Chartered. The HKMA approved the licenses under the Stablecoins Ordinance, effective since August 2025, to promote regulated stablecoins for financial and economic activities.

Japan's cabinet has approved a draft amendment to classify cryptocurrencies as financial products under the Financial Instruments and Exchange Act, a shift from treating them as payment tools. The proposed rules aim to enhance market fairness, transparency, and investor protection by banning insider trading and increasing penalties.