In 2024, Ethereum pig butchering scams have emerged as the top crypto fraud, with losses reaching a staggering $3.6 billion. These scams involve fraudsters gaining the trust of victims before convincing them to invest in fake cryptocurrency schemes. Meanwhile, Elon Musk’s SpaceX has adopted stablecoins as a strategy to hedge against foreign exchange risks. In the ETF market, Bitcoin ETFs have seen an influx of $475 million, thanks to fresh strategies from Bitwise. Regulatory changes are also on the horizon, with the Treasury and IRS finalizing broker rules for DeFi, mandating KYC compliance from protocols. These statistics highlight the evolving landscape of cryptocurrency, where innovation meets regulation and fraud.
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