Eric Trump’s American Bitcoin reports $82 million loss in Q1 amid ‘record’ mining production

California man Marlon Ferro, 20, received 78 months in prison for orchestrating a $250 million crypto theft ring combining social engineering, hacking, and residential burglaries. The scheme targeted wealthy crypto holders, stealing hardware wallets and laundering proceeds through exchanges. Ferro must pay $2.5 million restitution. The case underscores rising crypto crime, with fraud losses hitting record $11.3 billion annually.

eBay faces Ryan Cohen's $55.5 billion GameStop takeover bid, but adopting Bitcoin Lightning payments offers a superior alternative. The platform could slash transaction costs by 50%, saving $1.2 billion annually on its $80 billion merchandise volume. This approach avoids debt, empowers sellers, and restructures economics without corporate leverage, positioning eBay for sustainable growth independent of speculative acquisition schemes.

Charles Hoskinson predicts AI agents will dominate internet activity by 2035, threatening Google, Amazon, and Facebook's ad-based models since agents ignore advertisements. He argues crypto benefits from this shift through simplified user experience and increased DeFi adoption. Hoskinson warns users to maintain direct asset control rather than relying on custodial intermediaries, emphasizing cooperation across fragmented blockchain ecosystems and improved onboarding processes.