News linked to this event type.
The Commodity Futures Trading Commission (CFTC) announced that Gabriel Perez was ordered to disgorge $107,539.02 in illicit profits and pay a $65,000 civil penalty, totaling approximately $172,000, for utilizing material nonpublic information obtained during his federal government tenure to trade presidential mention-type event contracts on prediction market platforms.
Odaily News: Polish Prime Minister Donald Tusk stated that he will ask the Speaker of the Polish Sejm to organize a re-vote on the Crypto Asset Market Bill. The bill was vetoed for the third time by President Karol Nawrocki on June 11.Tusk noted that the Zondacrypto bankruptcy has become one of Poland's largest corruption cases in the crypto sector, with affected clients suffering losses of up to $94 million. He accused the ruling party of accepting cash and other benefits.The president's consecutive vetoes have prevented Poland from implementing the Markets in Crypto-Assets Regulation (MiCA), and domestic cryptocurrency exchanges are still unable to complete registration. Przemysław Kral, former head of Zondacrypto, had criticized that the bill would harm Poland's crypto industry. (Bitcoin.com News)
A federal court ruled against prediction platform Kalshi, determining that states have the authority to regulate related derivatives based on anti-gambling regulations, providing a legal basis for state governments to restrict such businesses.
Odaily news, Robinhood CEO Vlad Tenev posted on X that the company is building Trump Accounts to make them the default tool for charitable giving in the United States. Currently, those who wish to donate need to navigate complex rules and regulatory requirements, evaluate various charities, and verify whether funds are actually directed toward the stated goals and used efficiently. Trump Accounts allow donors to put money directly into investment accounts held in the names of American children, reducing the intermediaries between donors and recipients. Donors can see exactly where their money goes, children own the assets, and there are no fees, allowing portfolios to compound at market rates over many years. This donation model has significant potential and could positively transform American philanthropy.
Odaily News The digital euro, issued by the European Central Bank (ECB) and representing public money, is still in the development stage; EURR, on the other hand, is a stablecoin issued by a private institution designed to maintain a value of 1 euro. Both are aimed at meeting the demand for instant fund transfers within digital platforms.Fintech company Revolut has begun a phased rollout of its euro stablecoin EURR to eligible users in Denmark, Poland, and Portugal, with plans to expand to the European Economic Area in the future. EURR is deployed on the Ethereum network and can be used for on-chain transfers between fiat currencies, crypto assets, external wallets, and supported blockchain networks.EURR is issued by Bridge Building, a Stripe-owned company, rather than directly by Revolut. Piero Cipollone, a member of the ECB's Executive Board, stated that the digital euro will offer the highest level of privacy supported by current technology, with offline payments visible only to the payer and payee, while in online transactions, participating banks will still have access to information required for anti-money laundering compliance. (Forbes Digital Assets)
Chelsea Football Club (Chelsea FC) announced a sponsorship partnership with stablecoin issuer Circle, prompting a warning from UK regulators that such collaborations constitute "suspicious transactions."
Odaily News: trade.xyz stated on the X platform that it has jointly submitted a comment letter with @HyperliquidPC to the U.S. Commodity Futures Trading Commission (CFTC), calling for the establishment of a regulated U.S. market path for energy perpetual contracts and 24/7 trading. The company stated that during this year's crude oil market shock, the energy market remained open while the benchmark market was temporarily closed; on multiple weekends, trade.xyz became the primary venue for price discovery.The comment letter states that on February 28, the Middle East conflict disrupted energy exports from the region and unsettled global supply chains. During the oil market closure, U.S. airlines, refiners, and fund managers holding crude oil exposure lacked a regulated venue to respond until futures markets reopened on Sunday evening. On March 9, Brent crude prices approached $120 per barrel at one point, and jet fuel prices doubled within weeks.The comment letter states that during the first weekend following the conflict, market participants outside the U.S. were able to manage crude oil exposure through the crude oil perpetual contract on Hyperliquid; from Friday's close until the benchmark market reopened, approximately two-thirds of the price movement had already occurred on-chain.The CFTC has previously allowed the first batch of digital asset-backed perpetual contracts to trade as futures on U.S. exchanges, and is soliciting comments on issues related to energy perpetual contracts, including contract design, reference prices, market integrity, clearing, customer protection, and continuous trading.The comment letter states that trade.xyz is the first and largest third-party perpetual contract market deployment on Hyperliquid, and its WTI, Brent crude, and Henry Hub natural gas markets have accumulated a total trading volume exceeding $500 billion since their launch in October 2025. The comment letter further states that in its research sample, during approximately 75% of weekend market closures, the weekend price of the crude oil perpetual contract was closer to the benchmark market's Friday close than the benchmark market's Sunday reopen price; since the launch of the crude oil perpetual contract, CME WTI reopening quality has not shown statistically significant deterioration.The comment letter recommends setting asset-class-specific leverage limits for U.S. market participants engaging in energy commodity perpetual contracts, disclosing funding rates and liquidation mechanisms in plain language, and implementing other market integrity safeguards, while also allowing compliant markets to use on-chain infrastructure for trade execution, margin management, clearing, settlement, and recordkeeping.
Odaily News - Coinbase has disclosed the architecture and application of its internal AI system "CEEcil." This system is not a simple chatbot but is designed as an AI agent that functions like a "team member." It can be mentioned in Slack, and possesses long-term memory, proactive follow-up, and judgment capabilities.CEEcil retains team context through a three-tier memory mechanism: in the background, it continuously extracts information such as decisions, blocked items, and owners from authorized channels; each night, it consolidates short-term observations into long-term summaries; and when answering questions, it retrieves historical memories, recent conversations, and real-time data on demand. The system also adopts a tiered model architecture, where simple queries are prioritized for processing via APIs or knowledge bases, and only complex, multi-step tasks are delegated to more powerful AI models, thereby reducing cost and latency.In practical applications, CEEcil can proactively join relevant Slack discussions, send emoji reactions, and automatically follow up when issues go unaddressed. Coinbase states that the system also once refused to submit operational documents containing customer identity information to Git, suggesting the use of redacted versions or compliant storage methods instead—demonstrating a certain level of security judgment.Architecturally, CEEcil consists of a Go service and an AI agent runtime, and connects to tools such as memory retrieval, knowledge bases, real-time queries, and Slack via MCP. Coinbase also has set up a real-time "kill switch," call limits and spending caps, audit mechanisms, and requires human review and merging of the code it generates.Coinbase says CEEcil is now able to help teams handle production incidents and answer expert knowledge that previously would have required waiting hours to obtain. In the future, the company hopes to expand this model into multiple AI agents tailored to specific teams, enabling AI not only to "answer questions" but also to continuously remember, proactively participate, and complete actual work.
Odaily News: Bitcoin News posted on X that Federal Reserve Chair Kevin Warsh said in his first Jackson Hole speech that the U.S. economy has strengthened and remains resilient, but the Fed still needs to continue addressing inflation.Warsh stated that the labor market is consistent with full employment, with the unemployment rate at 4.1% and initial jobless claims near multi-decade lows. The personal consumption expenditures (PCE) price index inflation rate over the past year was 3.7%, and the annualized inflation rate over the past six months was 4.1%, both significantly above the Fed's 2% target. 54% of items in the PCE price index basket rose by more than 3% over the past year, indicating that inflation remains fairly broad-based.Warsh said that recent better-than-expected inflation data has not yet convinced him that the underlying inflation trend has shown substantial improvement. Credit spreads remain narrow, lending standards are relatively loose, and credit markets show little sign of policy tightening. He stated: "I find it difficult to characterize overall financial conditions as restrictive."Warsh said the Fed should currently focus primarily on prices and reiterated that the 2% inflation target is a "firm and fixed goal." He also noted that the Fed's forward guidance "has become outdated" and that markets should no longer rely mainly on the Fed for their next trade.Warsh stated that the criteria for initiating easing are: "We must be convinced that underlying inflation is clearly and quickly moving toward target. Otherwise, we still have work to do." He concluded his speech by saying: "I stand here today to adhere to a discipline, not to make a decision."
Odaily News: Federal Reserve Chair Warsh stated, "Although the PCE and CPI data released this summer were better than expected, they have not convinced me that there has been a meaningful improvement in the underlying trend of inflation." "Market prices reflect the market's belief that we will achieve price stability. I can assure you that the market's judgment is correct."Warsh subsequently stated that with inflation above 2%, the Federal Reserve's "primary focus at present should be on prices." Warsh's highly anticipated remarks come amid criticism of his streamlined communication strategy. Economists and market participants believe this strategy has lacked clear articulation regarding the near-term economic and monetary policy outlook.Warsh's comments appear to address these concerns, as he elaborated more deeply than before on his views of the economic situation and the policy priorities of the Federal Reserve under his leadership. He said, "Let us also be clear about another aspect of our goal: price stability will not be achieved automatically, and inflation will not necessarily return to target on its own. Achieving price stability is the responsibility of the Federal Reserve." It is expected that Warsh will not answer questions raised by central bank officials and economists on site.
According to Cointelegraph, Polish Minister of Justice and Attorney General Waldemar Żurek stated that Polish prosecutors have brought charges against Radosław Piesiewicz, Chairman of the Polish Olympic Committee, in connection with an investigation into the defunct cryptocurrency exchange Zondacrypto. The charges involve trading in influence and favoring certain creditors while insolvent.
According to The Information, the Trump administration is studying a new AI chip regulatory rule aimed at restricting access to compute resources from advanced U.S. AI chips through remote means. The report states that after Trump began his second term in 2025, the White House announced the revocation of the AI Diffusion Rule introduced during the Biden administration. Currently, a small team within the U.S. Department of Commerce is drafting a smaller, more targeted alternative designed to limit how geopolitical competitors access advanced AI chips via remote methods such as cloud computing.
Odaily News – SlowMist security team has disclosed the discovery of a GitHub repository impersonating the Qwen 3.8 27B local quantized model. The repository claims the model size exceeds 16 GB, but the actual downloaded content is only about 487 KB, containing disguised files, a LuaJIT interpreter, and obfuscated Lua scripts. SlowMist emphasized that the official Qwen project has not been compromised. According to SlowMist's analysis, once executed, the malicious program collects host data, captures screenshots, and sends them to the attacker's C2 server. When the hardcoded server becomes inactive, it reads a backup C2 address from a contract on the Polygon chain, allowing attackers to rotate infrastructure through on-chain transactions. Subsequent payloads can steal browser login credentials, cookies, browsing history, email accounts, WinSCP and Steam credentials, as well as wallet-related files and extension data. SlowMist also discovered at least 23 GitHub repositories and 29 similar archive files using the same Lua delivery chain.
Odaily News - Jio Platforms, the digital and telecommunications arm of billionaire Mukesh Ambani's Reliance Industries, has received regulatory approval, clearing a key hurdle for its long-anticipated initial public offering (IPO). According to the Securities and Exchange Board of India (SEBI) website, the regulator issued a letter of observation to Jio Platforms during the week ending August 28, indicating that the company has been permitted to proceed with the IPO process. (Bloomberg)Jio Platforms' listing plans have drawn significant market attention. Last year, the company launched JioCoin, a reward token built on the Polygon blockchain. Community users have reported that the token has been integrated into Jio's web browser, JioSphere.
Odaily News - UK police financial investigation team announced the recovery of 20.21 Bitcoin along with other crypto assets and bank account funds, with a total value of approximately $1.4 million (£1.03 million). The individual involved had a prior money laundering conviction and has since passed away. With assistance from the police cyber team, investigators traced these assets back to dark web marketplaces that operated between 2016 and 2019. The police stated that these websites, now all shut down, had facilitated criminal activities such as drug supply and human trafficking, but did not disclose the specific platform names. (Decrypt)
Odaily News Federal Reserve Chairman Warsh is set to deliver one of the most closely watched public speeches since taking office at the Jackson Hole Global Central Bank Symposium. With the U.S. PCE inflation rate still at 3.7%, notably above the Fed's 2% longer-term target, and Treasury yields remaining elevated, the market still lacks a clear picture of when and under what conditions the Fed will further adjust monetary policy. Warsh has long sought to reduce forward guidance and let the market interpret the data on its own, but what Wall Street most wants to know now is precisely his "reaction function." If this speech continues to focus only on long-term issues such as productivity and demographics, the bond market may interpret the silence itself as a policy signal.Currently, the market estimates about a one-third probability of a Fed rate hike in September. As Warsh has deliberately downplayed traditional forward guidance since taking office, the focus of this speech will center on how he assesses inflation, and what changes in inflation, employment, and economic growth would prompt rate hikes, rate cuts, or maintaining rates unchanged. Market participants believe that if Warsh signals a clearer hawkish stance, it could further push up short-term rates and Treasury yields; if he avoids the current policy path and focuses more on long-term topics like productivity and AI, it may be interpreted by the market as a dovish signal.In addition, AI's impact on inflation could also be a focal point of this speech. Warsh has long been bullish on AI boosting productivity and helping lower long-term inflation, but the market believes the current AI investment boom is also driving up costs for construction labor and computer chips. This Jackson Hole speech could become a key moment for reshaping September policy expectations and global bond market pricing. (The Street)
Odaily News: Ireland's national police force, An Garda Síochána, reported on August 27 that during a specialized operation targeting organized crime in the Galway area, officers searched two properties and froze two cryptocurrency accounts with a combined value of approximately $900,000. Additionally, police froze a bank account containing €25,000 (approximately $29,100), seized €9,300 in cash, and confiscated drugs valued at approximately €18,300 in total (including amphetamines and cannabis). A man in his 40s linked to the case has been arrested and charged, and the investigation is ongoing. (garda.ie)
: AI anti-fraud company Socure announced the completion of a $156 million strategic growth funding round, valuing the company at $5.2 billion. The round was led by Summit Partners, with participation from Wells Fargo, Goldman Sachs Alternatives (under Goldman Sachs), DocuSign, and others. In addition, the company also announced the acquisition of AI startup Fravity, aiming to leverage AI agents for fraud, risk, and compliance investigations. The specific acquisition amount has not been disclosed yet. Its anti-fraud services are currently applied to companies including crypto exchange Coinbase, stablecoin issuer Circle, digital bank Revolut, and Robinhood. (Crunchbase)
Circle Internet, the issuer of the stablecoin USDC, has become the new primary shirt sponsor for Premier League club Chelsea Football Club, with financial terms yet to be disclosed. Earlier reports indicated that Chelsea had sought a front-of-shirt sponsorship fee of £65 million (approximately $88.3 million) per year. Chelsea will debut the new jersey featuring the USDC logo in its first Premier League home match of the season. This partnership marks the first time a cryptocurrency financial services company has become a primary shirt sponsor for a Premier League club. Circle is authorized by the UK Financial Conduct Authority under an electronic money license.
Odaily News reports that HM Revenue & Customs (HMRC) stated that in the 2024 to 2025 tax year, 240 individuals each reported over £1 million in capital gains from crypto assets, totaling £717 million, accounting for more than half of the total. All 17,600 filers reported capital gains of £1.38 billion, with disposal proceeds reaching £13.8 billion.Taxpayers reporting capital gains below £25,000 accounted for 65% of filers, contributing only 7% of capital gains and 8% of disposal proceeds. Among crypto asset taxpayers, 54% were aged between 25 and 44, and 81% were aged 54 or under; men accounted for 87% and contributed 93% of capital gains.The UK is advancing regulation under the OECD's Crypto-Asset Reporting Framework, requiring trading service providers to furnish client information to tax authorities. HMRC will begin receiving relevant data in 2027; service providers that fail to fulfill their obligations will face fines of up to £300 per user. James Murray, Financial Secretary to the UK Treasury, stated that capital gains from crypto assets are taxable just like other capital gains.The UK Treasury plans to defer capital gains tax arising from DeFi lending and depositing assets into liquidity pools until the assets are actually disposed of. For the 2025 to 2026 tax year, capital gains exceeding the allowance threshold must be reported by January 31, 2027. (Decrypt)