CFA Report Pegs US Crypto Fraud Losses at $80.7B

The Nicholas Bitcoin and Treasuries AfterDark ETF aims to provide investors with exposure to Bitcoin during non-U.S. trading hours by allocating to Bitcoin futures, options, and other ETFs in the evening. XFunds, in partnership with Tidal Investments, introduced this unique ETF structure to capture overnight market movements.

The White House economists' analysis suggests that banning stablecoin rewards would minimally impact community banks, increasing lending by just 0.026%. Despite warnings of catastrophic losses, the Council of Economic Advisers' modeling indicates a net welfare cost of $800 million.

A consortium of six major Swiss banks, including UBS and PostFinance, partnered with Swiss Stablecoin AG to trial a Swiss franc-pegged stablecoin. The project aims to test blockchain-based payments in Switzerland's financial system through 2026 in a controlled environment.

A crypto whale named Loracle made a significant profit by shorting $5 million in crude oil futures on Hyperliquid, capitalizing on the U.S.-Iran ceasefire news that caused oil prices to plummet. This successful trade added $2 million to Loracle's crypto holdings, showcasing the lucrative opportunities available on decentralized platforms like Hyperliquid.

Headlines suggest quantum computing could threaten Bitcoin's security, but academic research reveals limitations in potential attacks. Grover's algorithm could speed up mining, but the energy required makes it physically impossible. Factoring breakthroughs in quantum computing have been exaggerated, with most demonstrations using rigged numbers.

Changpeng Zhao reveals in his memoir that Sam Bankman-Fried casually requested billions during a call about Binance acquiring FTX, leading to a collapse when Alameda CEO disclosed a floor price for FTT. Despite the fallout, Binance's user funds remained secure during a $7 billion withdrawal bank run.

Federal prosecutors have urged Judge Failla to dismiss Roman Storm's plea based on a recent Supreme Court ruling. They argue that Storm's awareness of Tornado Cash misuse sets his case apart from the Cox ruling.

AAVE token hit a nearly two-year low due to ongoing DAO disputes and following the recent V4 protocol launch. Chaos Labs announced its departure as a risk manager for Aave's DAO, leading to a 6% drop in AAVE in the last 24 hours.

Proposed rules by the FDIC under the GENIUS Act aim to regulate stablecoins, setting standards for reserve assets, redemption processes, capital requirements, and risk management for supervised issuers. The rules exclude stablecoins from deposit insurance protections and mandate issuers to redeem tokens within two business days.

Three suspects have been charged in a crypto wrench attack ring, believed to be part of a larger operation tied to similar crimes. The criminals target major cryptocurrency holders by researching their habits and then threatening them to gain access to accounts.