CFA Report Pegs US Crypto Fraud Losses at $80.7B

Nakamoto, a Bitcoin treasury firm, plans a reverse stock split to boost its share price on Nasdaq, aiming to comply with the $1 minimum bid requirement. The company recently sold 5% of its Bitcoin holdings for liquidity management, following a significant drop in share price.

Quantum computing's potential threat to blockchain security has sparked discussions, with XRP Ledger being considered better positioned than Bitcoin due to its key rotation feature and quantum-safe accounts. XRP's architecture and escrow feature provide additional defenses against quantum risks.

OKX Ventures and HashKey Capital are investing in Vietnam Prosperity Crypto Asset Exchange (CAEX) to meet the minimum capital requirement for the government's pilot program on regulated crypto trading. The partnership aims to support infrastructure, security, compliance, and liquidity for the exchange within the VPBank ecosystem.

Coinbase, Binance, the U.S. Secret Service, and the U.K.'s NCA collaborated to freeze $12 million in stolen crypto funds from over 20,000 victims of approval phishing fraud. The operation, named "Operation Atlantic," disrupted multiple fraud networks and safeguarded thousands of victims.

Bank of America's report highlights the growth of prediction markets in the U.S., with Kalshi leading in volume increase. The market is shifting due to legal disputes and regulatory clarity, with platforms like Polymarket and Crypto.com facing challenges.

The U.S. Department of the Treasury is offering cybersecurity information sharing to crypto businesses to enhance their defense against attacks. Eligible firms can access the same service as traditional financial institutions, following a recommendation from the President’s Working Group on Digital Asset Markets.

Securitize has named Brett Redfearn, former SEC official, as president and board member to enhance regulatory expertise for its upcoming public listing. Redfearn will collaborate with Securitize's team to expand services in issuance, trading, and fund administration, focusing on tokenizing traditional financial assets for easier trading on the blockchain.

A solo Bitcoin miner recently earned over $225,000 in BTC after solving a block, showcasing that individual miners can still succeed despite long odds. The miner had a 0.001% chance of achieving this feat with their 70TH mining hash power.

Iran is considering demanding tolls in cryptocurrency, including Bitcoin, for ships passing through the Strait of Hormuz. Experts doubt significant Bitcoin payments are occurring for transit tolls, despite Iran's reported openness to crypto as a payment rail.

U.S. Treasury Secretary Scott Bessent criticized crypto leaders for resisting the Clarity Act, urging the Senate to pass the bill. The bill, aimed at legalizing most crypto activities, faces disagreements, particularly regarding stablecoin yield payments.