CFA Report Pegs US Crypto Fraud Losses at $80.7B

Strategy, the largest corporate holder of Bitcoin, sold 3,588 BTC for $216 million to fund dividends and bolster its U.S. dollar reserve. With a cost basis of $63.7 billion, the firm's BTC reserves stand at 843,775 BTC, resulting in an $8.32 billion unrealized loss for the second quarter.

Sberbank, Russia's largest bank, plans to introduce a cryptocurrency wallet and digital depository by December, following the adoption of the country's new digital currency bill. The wallet will provide clients access to authorized cryptocurrencies within the bank's apps, while the legislation allows for licenses in crypto trading and custody.

SpaceX (SPCX) will join the Nasdaq 100 index on July 7 after raising $75 billion in the largest IPO ever. Past data suggests that index inclusion does not guarantee a bullish trend, as seen with previous additions like Palantir and Strategy.

The UK government has introduced stricter rules on foreign funding in politics, including extending the cap on overseas donations to cover a donor's first year of UK residency. This move could impact crypto billionaires supporting Reform UK, such as Christopher Harborne and Ben Delo.

Peter Brandt, CEO of Factor LLC, is considering selling Bitcoin to buy gold, predicting gold will outperform BTC. Brandt's technical analysis indicates a potential shift from BTC to gold, contrary to popular market sentiment.

Dave Portnoy openly admitted to losing millions in Bitcoin trading, expressing regret for buying at $100,000 and experiencing consistent losses. Despite past mistakes, he now vows to hold onto his investments, even if they plummet to zero.

Nigel Farage is under scrutiny for allegedly lobbying the Bank of England on cryptocurrency policy to benefit his major donor, Tether investor Christopher Harborne. Labour MPs have raised concerns about Farage's actions violating parliamentary rules on lobbying officials for personal gain.

President Donald Trump defended his family's $1.4 billion earnings from the crypto industry, stating there was nothing illegal about his involvement. The financial disclosures revealed his significant earnings from ventures like his eponymous meme coin and World Liberty Financial. Despite market downturns, Trump remains a major crypto earner in U.S. politics.

U.S. spot Bitcoin ETFs saw a significant inflow of $221.7 million, ending a 10-day losing streak. The weak jobs report and Federal Reserve's softer stance contributed to the rebound, with Bitcoin climbing back above $61,000.

Securitize, a BlackRock-backed tokenization firm, saw an 8% increase in shares during its trading debut on the NYSE, reaching $12.75. The company tokenized $266 million worth of SECZ, making it the largest tokenized stock globally according to the firm.