CFA Report Pegs US Crypto Fraud Losses at $80.7B

The Clarity Act, a significant piece of crypto legislation in the US, may impact European crypto regulations and investor confidence. Coinbase's EU growth could benefit from alignment between US and EU regulations, especially regarding stablecoin yield provisions.

Hyperliquid traders experienced significant liquidations as benchmark oil prices plummeted, leading to losses of $79.7 million in leveraged positions on Brent and WTI crude oil perpetual futures. The decentralized exchange's users have shifted towards speculating on real-world assets since an upgrade in October.

Cloudflare aims to enhance its platform's resistance to quantum computing attacks by 2029, focusing on post-quantum authentication to prevent potential security breaches. The company's accelerated efforts are in response to the growing concern of "Q-Day," when a practical quantum computer could pose cybersecurity risks.

Yuga Labs has settled a lawsuit against artist Ryder Ripps and Jeremy Cahen over alleged copycatting of its NFTs from the Bored Ape Yacht Club collection. The agreement ends a two-year dispute over trademark infringement, with proposed court orders barring Ripps and Cahen from using Yuga's trademarks and imagery.

Adam Back refuted claims of being Bitcoin's creator, Satoshi Nakamoto, following a New York Times article linking him to the pseudonym. The investigation by Pulitzer Prize winner John Carreyrou analyzed writing similarities and technical contributions to Bitcoin.

Standard Chartered PLC is considering merging Zodia Custody Ltd.'s crypto custody business with one of its digital asset divisions. The bank has not confirmed if it has approached Zodia's minority shareholders, including Northern Trust Corp. and Emirates NBD Bank PJSC.

The SEC's annual report rejects past actions against crypto firms, redirecting resources towards addressing fraud, market manipulation, and trust abuses. Enforcement actions decreased by 22% in fiscal year 2025, with a shift towards collaborative oversight and creating safe harbors for decentralization.

The Solana meme coin, inspired by the viral pygmy hippo Moo Deng, has seen a 6.5% increase in the last 24 hours following news of a man being fined for intruding on the animal's enclosure. The incident has prompted increased security measures at the zoo to prevent future intrusions.

Following a two-week ceasefire agreement between the United States and Iran, Iranian leaders have introduced a Bitcoin-based plan to regulate the Strait of Hormuz. Ships passing through will be required to pay a $1 fee per barrel in Bitcoin to Iranian authorities for approval.

JPMorgan reported a significant slowdown in capital inflows into digital assets in the first quarter of 2026, totaling around $11 billion. The decline in inflows was attributed to macroeconomic and geopolitical pressures, resulting in a 20% drop in total crypto market capitalization.