News linked to this event type.
Odaily News – A body of a Chinese national was discovered outside the Jade Park high-rise apartment complex in the Trinidad district of Asunción, Paraguay. Preliminary identification suggests it is Harry Chun Tak Yeh, founder and managing partner of Quantum Fintech Group. Police stated that he is suspected to have fallen from the 30th floor of the building, and his body was found naked and covered with a black plastic bag. Investigators found the door of his suspected residence on the 30th floor wide open, with the interior in severe disarray, and confirmed that he also owned another apartment on the 27th floor of the same building. Criminal forensic technicians have collected evidence from the exterior of the building and both apartments, and relevant physical evidence has been handed over to the prosecutor's office. The prosecutor's office is currently investigating multiple possibilities in parallel, including accident, suspected suicide, and homicide. The judicial authorities will determine the specific cause and circumstances of death through an autopsy.It is reported that Chinese-American crypto investor Harry Yeh entered the Bitcoin market in 2013, when BTC was trading at $60. He launched his first fund with $250,000, and his investment network claims to manage over $2.4 billion in assets, with close ties to Fantom, Tomb Finance, Lif3, ZooCoin, L3 USD, and L3 Reserve. (Latribuna)
Odaily Odaily News: Bitcoin Red Team member @Rob1Ham stated that OpenAI has blocked him from continuing security analysis of the Bitcoin codebase, after he had responsibly disclosed real vulnerabilities found within it. Rob1Ham said he had previously completed identity verification and onboarding processes related to OpenAI's cybersecurity capabilities, but is currently unable to continue investigating whether the fixes are sufficient or whether other vulnerabilities still exist. He stated that he will now resume Bitcoin security research using an open-source Chinese AI model. Rob1Ham commented: "Black hat hackers won't attack these issues, white hat hackers will." He also added: "For those who don't follow the rules and engage in harmful behavior, intelligence is unrestricted, while those committed to reducing harm are being excluded." (Bitcoin News)
Odaily News – Hong Kong police conducted a two-phase citywide operation from August 7 to 8, raiding multiple locations, dismantling a mule account coordination and fund processing center, and seizing a large number of bank cards, cash, electronic devices, and other evidence. A total of 147 people were arrested, bringing down a criminal network that used a large number of "mule accounts" to transfer funds, involving an amount close to HK$600 million. Police investigations revealed that the syndicate recruited individuals to provide bank accounts and used multiple accounts to split funds, conduct frequent transfers, and move money through multiple layers in an attempt to conceal the source of funds. Some account holders, after receiving payments ranging from hundreds to thousands of Hong Kong dollars, handed over their online banking login credentials to others for control.Police noted that the masterminds behind the scheme adopted a "segmented" management model, relaying instructions through close associates to avoid direct contact with the funds, and arranged for processed funds to be transferred into accounts of affiliated individuals to further obscure the flow of money. The operation led to the arrest of 147 individuals and the seizure of approximately HK$3.65 million in cash, along with luxury watches, gold ornaments, vehicles, and other valuables totaling around HK$5 million. Police stated that they have successfully disrupted the related fund chains and will continue to trace the masterminds and the flow of funds.The police remind the public not to sell, rent, or lend out personal bank accounts, as they could be exploited by criminals for illicit fund transfers, and account holders may bear corresponding legal liability. (RTHK)
Odaily News: South Africa's National Treasury and the South African Reserve Bank (SARB) have released draft rules on cross-border transfers of crypto assets. Farzam Ehsani, co-founder and CEO of crypto exchange VALR, stated that without significant amendments to key provisions, the framework could harm the country's digital asset industry and drive capital offshore. The draft rules allow individual residents to transfer crypto assets abroad within existing foreign exchange limits but restrict corporates from conducting cross-border crypto transactions, while also classifying certain inbound transfers from private, non-custodial self-hosted wallets as unacceptable transfers for local crypto asset service providers (CASPs). Ehsani believes this could push both businesses and retail users toward overseas platforms. Ehsani noted that prohibiting regulated entities from handling legitimate corporate transactions—particularly cross-border stablecoin payments—could drive such activity underground or offshore, ultimately undermining the transaction visibility and monitoring capabilities regulators aim to achieve. South Africa's National Treasury and SARB have opened a public consultation period, with feedback due by September 30.
Odaily News As prediction markets gradually expand into the realms of politics and government decision-making, insider trading risks are becoming a regulatory focus. U.S. prediction market platform Kalshi has stated that it has identified multiple suspected cases of insider trading and has submitted the relevant leads to federal regulators.Kalshi spokesperson Laura Frank stated that the company prohibits market manipulation and insider trading and has established a trading surveillance system similar to those used in securities markets. Earlier this year, Kalshi's monitoring system flagged suspicious trading activity by former Congressman George Santos in markets related to the U.S. President's State of the Union address. The company subsequently submitted its investigative findings to the U.S. Commodity Futures Trading Commission (CFTC).Additionally, federal agencies are investigating whether former White House teleprompter operator Gabriel Perez used advance knowledge of Trump's speech content to trade on Kalshi-related markets.Meanwhile, the Trump family is accelerating its push into the prediction market space. Trump Media & Technology Group is developing a prediction market platform called TruthPredict, which will allow users to trade prediction contracts tied to major events. The company is also launching Truth API, providing Wall Street with high-speed data access to Truth Social content.Donald Trump Jr., the eldest son of the former president, currently serves as a strategic advisor to Kalshi, while his venture capital firm, 1789 Capital, has invested in rival Polymarket and joined its advisory board. This means the Trump family is simultaneously linked to the two leading prediction market platforms, while Trump Media Group is also building its own prediction market business.Although there is currently no public evidence showing that Donald Trump Jr. or the Trump family has traded using inside government information, the potential conflicts of interest arising from the intertwining of presidential public information, market trading, and family business interests are drawing growing external scrutiny.As of now, Donald Trump Jr.'s team and Trump Media & Technology Group have not immediately responded to requests for comment. (Fortune)
Odaily News BIP-110 has sparked community controversy over its attempt to restrict non-financial data storage on the Bitcoin blockchain. Supporters of this proposal plan to push for the rule change through a User-Activated Soft Fork (UASF), but current miner support is far from meeting the activation requirements. The market is watching whether this controversy will further escalate into a split within Bitcoin's network governance.Blockstream CEO Adam Back criticized the arguments of BIP-110 supporters in a post on the X platform, stating that the claim "Bitcoin supports spam data" is incorrect and noting that all Bitcoin participants dislike network spam. Adam Back pointed out that Bitcoin cannot achieve absolute censorship at the mathematical level, and the BIP-110 proposal itself has numerous flaws that prevent it from functioning effectively, which is why it has not gained network consensus. He emphasized that forcibly pushing rule changes without consensus could ultimately lead to a fork outcome similar to Bitcoin SV (BSV).
Odaily News: The Cyprus Securities and Exchange Commission (CySEC) will conduct on-site inspections and off-site reviews of authorized crypto asset service providers between the second half of 2026 and the first half of 2027, with spot checks targeting institutions offering digital asset custody services. This initiative is part of the 2026 Common Supervisory Action coordinated by the European Securities and Markets Authority (ESMA), focusing on assessing institutional governance and control frameworks, key and storage management, private key security, wallet storage, and access control. The reviews will also cover transaction controls, monitoring and incident response, smart contract security, and third-party risk management. CySEC stated that the relevant standards are mandatory requirements, and institutions' compliance preparedness will serve as the basis for selecting entities for subsequent inspections.
According to Bifrost's monitoring, at 19:47 Beijing time on August 8, hackers exploited a vulnerability in the liquidity pool, stealing approximately $720,000 worth of assets from the vDOT single-asset pool and the vASTR/ASTR and vMANTA/MANTA pools. The stolen assets were subsequently deposited into HitBTC and eventually flowed into Binance. Bifrost has contacted Binance's security department to submit a fund freeze request and has filed a report along with a chain of custody evidence package, including transaction tracking, wallet addresses, and timestamps, with law enforcement authorities. Currently, Bifrost has halted all liquidity mining rewards and is conducting a comprehensive security review.
Grayscale Head of Research Zach Pandl stated that due to the Senate schedule and election-year political factors, the likelihood of the U.S. bipartisan crypto market structure bill, the CLARITY Act, passing this year has significantly decreased. The article suggests that the bill's failure to pass will not impact the operation of major blockchains or demand for Bitcoin as a store of value in the short term, nor will it hinder the growth of stablecoin payments.
According to South Korean media NATE, the South Korea Regulatory Rationalization Committee has proposed amendments to the Enforcement Decree of the Specific Financial Transaction Information Act to exclude minor violations from the eligibility restrictions for major shareholders of Virtual Asset Service Providers (VASPs), sparking market discussions on exchange M&A, new business entry, and regulatory fairness. This relaxation proposal also involves issues regarding the boundaries of authority under the Enforcement Decree.
Odaily News: White House cryptocurrency advisor Patrick Witt stated on the X platform that Congress has spent years pushing for crypto market structure legislation, and the Senate has been continuously negotiating the CLARITY Act since last summer. However, over the past week, Chuck Schumer and the so-called "pro-crypto Democrats" have blocked a procedural vote on the bill before recess, demanding further delays.Patrick Witt warned that if the bill fails to make progress by September 15, the likelihood of its future passage will decrease significantly.
Odaily News – French Foreign Minister Jean-Noël Barrot submitted Bill No. 921 to the Senate on July 17, proposing to incorporate the Crypto-Asset Reporting Framework (CARF) developed by the Organisation for Economic Co-operation and Development (OECD) into French law, and to automatically exchange crypto data with 48 countries that have signed related agreements. The exchanged information includes specific transactions, user names, addresses, tax identification numbers, place of residence, and cumulative transaction value during the reporting period. EU member states are already preparing for relevant data exchanges under the DAC-8 directive, which will take effect on September 30, 2027. Once the bill is approved, the French government will accelerate crypto data collection. A Chainalysis report shows that as of 2026, France has recorded 30 publicly known violent robberies of crypto assets; the report also states that a tax official in the Paris region is suspected of selling data on high-net-worth crypto holders.
: Bitcoin News posted on the X platform stating that Foundation has released KeyOS 1.3.1 for Passport Prime, adding a mnemonic generation feature. Users can input the first 11 or 23 words of a BIP39 mnemonic, and the device will generate a valid final word that meets checksum requirements. Users can manually generate mnemonics by rolling dice, flipping coins, or other methods, and complete mnemonic generation directly on the Passport Prime without the need for external tools. Foundation stated that AI security reviews conducted using Claude Fable Max and ChatGPT 5.6 Sol Extra High found no serious security issues.
Odaily News: U.S. banking giant Wells Fargo plans to launch tokenized deposits for select corporate and commercial clients in fall 2026, initially supporting USD and GBP transactions, with plans to expand to more clients and currencies in 2027. Tokenized deposits remain bank liabilities but can enable continuous transfers, programmable payments, faster settlement, and transaction visibility via blockchain. Wells Fargo is not the only bank pursuing this initiative. JPMorgan has already expanded its blockchain-based payment services for institutional clients, and other major financial institutions are developing similar products and shared networks. Meanwhile, the circulation and transaction volume of stablecoins such as USDC continue to grow, and they are already used for settlement across crypto markets, payment networks, and tokenized finance platforms. Tokenized deposits allow funds to remain within the regulated banking system while supporting time-based transfers and condition-triggered payments. Stablecoins, on the other hand, already cover trading, remittance, cross-border payments, decentralized finance, and tokenized asset settlement. Enterprise adoption of both product types will also be influenced by accounting treatment, regulatory rules, and cross-network interoperability.
Odaily News: U.S. Senate Majority Leader John Thune has filed a motion to invoke cloture on the motion to proceed to consideration of the Digital Asset Market Clarity Act (CLARITY Act), with the Senate scheduled to hold the related procedural vote on September 15. The vote is expected to take place when the Senate reconvenes at 2:15 PM ET that day. The motion requires 60 votes to pass, meaning Republican lawmakers will need Democratic support to clear the procedural threshold. The two parties are still negotiating over provisions such as ethics rules and stablecoin reward regulations, with those differences having previously prevented an agreement before the August recess. This vote only concerns whether to begin floor consideration of the bill and does not represent a final vote or passage by the Senate. The CLARITY Act aims to establish a federal market structure for digital assets, clarify the conditions under which certain crypto assets are subject to securities or commodities law, and define the regulatory responsibilities of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission.
: BitMart founder Sheldon responded on the X platform to rumors about the platform being "out of contact," asset disposal, and internal information leaks, stating that BitMart has not disappeared and that the team is still advancing asset inventory, consolidation, and system maintenance work.Sheldon stated that there has recently been a large amount of unverified rumors in the market, including information and screenshots allegedly disclosed by former or current employees, and users should not easily trust unverified content. At present, the BitMart core team is conducting asset inventory and consolidation, as well as maintaining related systems, with the goal of ensuring the platform can complete subsequent arrangements in an orderly manner. Specific progress will be disclosed to users through official announcements and updates.Regarding fund security issues, Sheldon emphasized that BitMart has not misappropriated assets, nor has it taken measures to withdraw funds in advance or evade responsibility. The team is considering introducing judicial agencies and independent third-party audit institutions to review the relevant situation and publish a transparent report.
: Bitcoin News posted on the X platform stating that Senate Majority Leader John Thune has filed a cloture motion on the motion to proceed with consideration of the CLARITY Act. This procedural step is used to end prolonged debate and push the Senate toward a vote in September on whether to formally begin considering the bill. This does not mean the CLARITY Act has passed. A cloture motion typically requires 60 votes to succeed; if the motion passes, the Senate can move forward with debate and consideration of the bill.
Odaily News The U.S. Commodity Futures Trading Commission (CFTC) issued a notice reminding regulated entities involved in listing, promoting, or accepting trading of event contracts to ensure that consumers are provided with clear and accurate product pricing information, avoiding misleading market participants, including the obligation to display clear and accurate derivatives pricing information.The CFTC's Division of Market Oversight and Division of Market Participants stated that registered entities and related personnel must comply with regulatory requirements, ensure that users fully understand product attributes in CFTC-regulated markets, and strengthen oversight of information disclosure by intermediaries, affiliates, and partners. It also specifically noted that using the common "American odds" format to display event contract prices may mislead traders' understanding of the product's nature and prevent users from fully accessing key trading information such as market depth and price impact.The CFTC requires that market participants clearly present to consumers that products are event contracts on CFTC-regulated exchanges, and that any misleading pricing display practices related to regulated products may violate provisions of U.S. federal law concerning the prohibition of manipulative trading practices.
美国参议院多数党领袖 John Thune 已提交 CLARITY 法案程序性动议，正式启动首次程序性投票流程。法案预计在 9 月休会结束后继续推进，但能否获得通过仍面临两党分歧。
Odaily News: The Senate Majority Leader submitted a motion early Saturday morning to begin consideration of the Digital Asset Market Clarity Act, following a late-night voting session in the Senate. Due to the late timing of the motion, the Senate will not be able to vote on the crypto market structure bill before the August recess. The motion paves the way for an almost immediate preliminary vote on the bill when the Senate reconvenes next month. Lawmakers still need to reach agreements on government ethics, enforcement provisions, and issues such as stablecoin yield and rewards before the bill can move forward smoothly.