News linked to both this project and an event.
According to Odaily, two Thai businessmen, Nutthawat Rukthammachalern and Natthawat Kasamvilas, have filed a lawsuit against stablecoin issuer Tether in the U.S. District Court for the Southern District of New York, alleging that Tether blacklisted 42.4178 million USDT. The lawsuit was filed on August 31 and refiled the following day. On-chain records show that 10 Ethereum addresses were batch-frozen on October 30, 2025, within a span of two and a half minutes, while the seizure order cited in the lawsuit is dated February 19, 2026—a gap of more than three months. The plaintiffs claim they purchased USDT on the secondary market and had no contractual relationship with Tether. The complaint alleges that Tether acted at the informal request of the U.S. government, conveyed through Homeland Security Investigations (HSI) agents, before the seizure order was issued. On November 2, 2025, Tether informed Natthawat Kasamvilas that it had "no further information," without disclosing that it had already frozen the funds on its own initiative. The lawsuit asserts five causes of action, including conversion, trover, and unjust enrichment. The defendants are four Tether entities: Tether Holdings, Tether International, Tether Operations, and Tether Investments. The case is presided over by Judge Lewis J. Liman. Tether has previously stated that its cooperation with law enforcement has resulted in the cumulative freezing of over $4.4 billion in assets, with more than $2.1 billion of that total linked to U.S. authorities.
According to Odaily, the latest data from Bitget shows that the platform's stock token rToken has surpassed $200 million in Assets Under Management (AUM). In terms of trading activity, cumulative rToken trades reached 1.2 million in August, with the number of active traders growing 20% month-over-month and weekend trading volume share rising 8% compared to the previous month.As reported, rTokens—identified by the letter "r" followed by the stock ticker (e.g., rNVDA for Nvidia)—are issued by Reality, a licensed RWA protocol under Bitget. Through a partnership with compliant brokerage Alpaca, rTokens connect directly to global liquidity pools such as Nasdaq and the New York Stock Exchange. Key features include: 1:1 reserve backing of underlying assets held by licensed custodians, stock dividends distributed 1:1 in token form, synchronized corporate actions such as stock splits and reverse splits, and the ability to use holdings as joint margin for Unified Account and USDT-margined contracts—allowing users to hold global equity assets while still managing capital flexibly.
Odaily News - Echo Base, an institution focused on stable digital asset companies, assisted in forming the BitMart Creditors' Committee on September 2 to represent users holding frozen assets, and has retained legal counsel to evaluate recovery options, including filing for unfunded bankruptcy proceedings.On August 6, Echo Base proposed a funding package of up to $10 million to support BitMart in filing a pre-negotiated bankruptcy application, but received no response from BitMart. Echo Base stated that its actions stem from BitMart's failure to respond to the restructuring proposal and users' withdrawal requests.Sonn Law Group has launched an investigation into users with frozen assets of $500,000 or more on BitMart, assessing potential claims and asset recovery options. Echo Base CEO Roshan Dharia stated that BitMart's employee plan can only sustain operations until January 2027, and the longer the delay, the fewer viable options remain. (Bitcoin.com News)
Odaily Odaily News: After Hyperliquid opened third-party permissionless deployment of the HIP-4 prediction market layer on August 29, platform trading volume grew rapidly. In the first 28 days of August, HIP-4 had an average daily trading volume of approximately $545,000. After the permissionless deployment, daily trading volume rose to $1.97 million on August 31, with trading volume over the past 24 hours reaching $2.75 million. The number of active traders increased from 1,256 to 1,841. Prediction market project Outcome currently accounts for nearly 85% of HIP-4's trading volume, and its $1 million trading incentive program has further driven liquidity growth. Hyperliquid's unified account system allows prediction markets to share the same account environment as perpetual contracts and HIP-3 assets, enabling users to hedge perpetual positions using prediction market contracts. Sports prediction markets could become the primary growth space for HIP-4. Previously, during the World Cup, HIP-4-related markets accumulated a total trading volume of $189.5 million, accounting for approximately 3% of global World Cup prediction market trading volume. The main constraint HIP-4 currently faces is regulatory access, rather than on-chain deployment. The U.S. market falls under regulatory frameworks such as the CFTC and SEC, and sports-related prediction markets in particular may trigger gambling-related regulatory scrutiny.
Odaily News: The G20 Finance Ministers and Central Bank Governors convened from August 31 to September 1 in Asheville, United States, and voiced support for establishing clearer regulatory pathways for digital asset growth, placing digital assets on the agenda for the U.S. presidency term of 2026.The G20 stated that digital financial innovation can support broad-based economic growth, with the private sector playing a key role in driving related innovation. The meeting also highlighted global stablecoins, cross-border payments, and extended operating hours for large-value payment systems as key topics, while endorsing the adoption of the ISO 20022 data standard.The G20 called on the Financial Action Task Force (FATF) to prioritize jurisdictions with significant virtual asset activity, strengthening the enforcement of anti-money laundering (AML) standards. As of July, among the 149 jurisdictions assessed by the FATF, only 1 fully complied with the relevant standards, 34% were largely compliant, 43% were partially compliant, and 22% were non-compliant. (Bitcoin.com News)
According to Chaoxiang Research, Goldman Sachs' August 31, 2026 research report indicates that Texas and Pennsylvania governors signed executive orders in August to tighten data center development regulations. Goldman Sachs utilities analysts note minimal impact on high-quality, large-scale projects, while speculative, undercapitalized ventures will bear the brunt. SMCI's F4Q26 earnings report reveals single-quarter orders exceeding $60 billion, with FY27 revenue guidance set at $65 to $72 billion, reflecting a 75% year-over-year increase, approximately 70% of which is tied to pure AI deployments.
Odaily News: Andy Ross, head of institutional business at Kalshi, said that Kalshi has submitted an application to regulators to launch perpetual contracts based on foreign exchange and interest rates. The application was submitted on Monday and had not appeared in the U.S. Commodity Futures Trading Commission (CFTC) public filing system as of Tuesday afternoon. Previously, the CFTC approved Kalshi to list bitcoin perpetual contracts in May this year, followed by the launch of ETH and XRP perpetual contracts. Since then, Kalshi has continued to expand perpetual contracts beyond cryptocurrencies: it submitted applications for gold, silver, and platinum perpetual contracts in July, and on August 18, it submitted applications for U.S. large-cap stock index and copper perpetual contracts. Ross said Kalshi hopes to bring multiple asset classes such as stocks, commodities, cryptocurrencies, fixed income, and interest rates into a unified trading interface. Currently, the platform's market count has increased from approximately 4,000 to around 10,000, and activity has gradually spread from a few popular markets to a wider range of markets.
Odaily News – The Gwangju Metropolitan Police Agency in South Korea arrested 4 Uzbek nationals in April under the Prohibition of Funding for Terrorist Acts Act. Among them, the principal suspect has been indicted, detained, and is standing trial, while the other 3 are under investigation without detention; one individual has been placed on an Interpol Red Notice.Police allege that between August 2024 and April 2025, the principal suspect transferred 4,267 USDT in 7 separate transactions to Katibat Tawhid wal Jihad (KTJ), a Syria-based organization. Founded in 2014, KTJ is primarily composed of Central Asian militants and has been designated as a terrorist organization by both the United Nations and the United States.The investigation shows that the principal suspect also received cryptocurrency from KTJ and used it to purchase 11 used cars and 2 excavators, with a total value of 170 million KRW (approximately $121,000), and shipped the vehicles to Syria. The other 3 individuals are suspected of assisting with the procurement and export.Police stated that this case, which involves receiving cryptocurrency from a terrorist organization, purchasing and supplying vehicles, is the first of its kind in South Korea. The investigation also revealed that the principal suspect used 3 personal wallets and deposited vehicle payments into an account under his spouse's name. The case remains under investigation. (Decrypt)
Odaily News, according to reports, U.S. Treasury Secretary Bessent recently urged Japan to raise interest rates to curb the continued depreciation of the yen. Analysts believe this highlights that traditional monetary policy is susceptible to government and external influences. In contrast, Bitcoin's monetary policy is preset by code, with new coin issuance following a fixed schedule and halving approximately every four years, offering greater predictability. In the short term, Bitcoin still finds it difficult to shake off shocks from traditional financial markets. If Japan's rate hike drives a rapid appreciation of the yen, low-interest yen financing trades accumulated over the long term could be unwound, potentially triggering sell-offs in stocks, bonds, and crypto assets. In August 2024, the Bank of Japan's rate hike strengthened the yen and put pressure on risk assets, including Bitcoin. On the technical front, BTC's 50-day moving average has been rising steadily and is close to crossing above the 200-day moving average, potentially forming a "golden cross." Analysts note that moving averages are lagging indicators, and the historical predictive performance of the golden cross as a standalone indicator has been unstable.
Odaily News - Bitfinex Securities, the tokenized investment platform under crypto exchange Bitfinex, has listed 5 tokenized notes, providing eligible investors with economic exposure to bitcoin treasury companies such as Strategy, Metaplanet, H100 Group, and Capital B. The platform has also listed Strategy's floating-rate perpetual preferred stock, STRC.The aforementioned notes are issued through the Luxembourg-based ORO (II) fund and managed by SICOS Securities. The underlying securities are held in custody by regulated financial institutions but do not grant investors direct ownership of shares in the corresponding companies. The products allow fractional investments starting from approximately $1 and support trading in USD, USDT, and Bitcoin, and are only available to eligible non-US investors.Bitfinex Securities stated that this marks the first time such products are available for secondary trading on a regulated tokenized securities exchange. Following the completion of a $50 million tokenized fundraising round for metals company Alkemya in August this year, the platform's total listed assets have surpassed $500 million. (Cointelegraph)
Odaily News: Cryptocurrency exchange Binance recorded $15.7 billion in inflows in August, setting a monthly record and capturing more than 75% of all centralized exchange inflows. During the same period, Bitcoin's price surged over 20% to break through $80,000, driving growth in exchange trading volumes.Binance Research noted that the $15.7 billion figure is approximately 8.4 times that of the exchange with the second-largest positive inflows, with Bybit and OKX ranking among the three exchanges with the highest liquidity concentration. Inflows at smaller platforms were more dispersed.Additionally, Binance faces allegations in the European Union of accepting local users without obtaining a license under the Markets in Crypto-Assets Regulation (MiCA). (Bitcoin.com News)
According to BeInCrypto, Brazil's Superior Electoral Court (TSE) ruled on August 31 to suspend presidential candidate Renan Santos's digital campaign and freeze approximately 3.3 million reais (about $640,000) in public campaign funds. Justice Dias Toffoli ruled that because Santos registered his 16 campaign social media accounts 12 days past the filing deadline, he violated regulations. He was barred from participating in debates and placing paid political advertisements, with a fine of 50,000 reais (about $10,000) imposed for each violation. Santos had publicly pledged at the "Rio Blockchain 2026" conference on August 13 that if elected, he would establish a national Bitcoin reserve and turn Rio de Janeiro into a "crypto-friendly" city, while abolishing the Financial Operations Tax (IOF), making him the only candidate in this election to openly support a Bitcoin reserve. Santos termed the ruling "censorship" and stated he would pursue an appeal. His candidacy has not been revoked, and street campaigning may continue. Brazil's general election will take place on October 4.
Odaily News JPMorgan and Citadel Securities have both issued short-term warnings, advising investors to remain cautious ahead of the upcoming period of dense macro data releases and the Federal Reserve policy meeting, and to utilize option prices currently at yearly lows to strengthen downside risk hedging.After Fed Chair Warsh delivered a clear signal in his highly anticipated speech on August 28, emphasizing that U.S. inflation has not shown any substantial slowdown, the trading team led by JPMorgan's Head of U.S. Market Intelligence, Andrew Tyler, decided to abandon their bullish stance ahead of the September 16 Fed policy decision. Although they expect economic data and corporate earnings to continue providing support, they have downgraded their view on U.S. equities to tactically cautious.Scott Rubner, Head of Equity and Equity Derivatives Strategy at Citadel Securities, noted that retail investor buying activity in September, as tracked by his firm, has been the weakest of the year since 2019. On days when the S&P 500 index declines, average net retail buying volume is only about half of normal levels. (Bloomberg)
Odaily News - The U.S. Court of Appeals for the Ninth Circuit ruled 3-0 on August 28 that sports event contracts offered by Kalshi are not swaps, and that the Commodity Exchange Act does not preclude Nevada from applying gambling regulations to the relevant contracts. The court also vacated a prior injunction that allowed Kalshi to continue offering the contracts, and denied injunction requests from Crypto.com and Robinhood.The U.S. Court of Appeals for the Third Circuit ruled in April of this year that Kalshi's related contracts were likely swaps and protected by federal law from state regulation. The two federal appellate courts are now split on the issue, and New Jersey has a September 3 deadline to petition the U.S. Supreme Court for review.Kalshi said it will seek further review and believes current U.S. Commodity Futures Trading Commission (CFTC) rules do not prohibit sports event contracts. Robinhood said it plans to appeal; the CFTC, meanwhile, noted that derivatives structured as swaps qualify as swaps, and except for onions and movie box office revenue, the law provides no related exemptions. (Bitcoin.com News)
Odaily News The prediction market platform Kalshi has permanently banned former U.S. Representative George Santos and fined him $71,400. Kalshi determined that he manipulated markets related to whether he would attend the State of the Union address, profiting $17,800 from the scheme.In a disciplinary notice issued on August 28, Kalshi's compliance department stated that Santos made multiple large trades in the relevant markets between February 2 and 25. Since he could influence the market outcome, platform rules prohibited him from trading in that market; he subsequently made false or misleading statements regarding his attendance plans in an attempt to influence the prices of the "Yes" and "No" contracts.Kalshi determined that the statements were intended to manipulate prices and did cause price movements, resulting in violations of rules against market manipulation, trading on event outcomes, and fraudulent manipulation. He was also penalized for failing to cooperate with the investigation. This penalty marks the first time Kalshi has issued a lifetime ban against a former member of Congress. (Decrypt)
According to CoinDesk, Russia’s largest bank, Sberbank, plans to include Ethereum (ETH) and the Tether stablecoin (USDT) in its cryptocurrency collateral lending program, listed alongside Bitcoin (BTC) as acceptable collateral, once regulatory approval is granted. Deputy President Anatoly Popov stated that the bank will gradually expand its accepted asset scope after adapting to Russia’s new cryptocurrency regulations. Last August, the Central Bank of Russia had already placed BTC, ETH, and USDT on a draft list of digital currencies permitted for open trading at domestic exchanges. Sberbank had previously issued Russia’s first bitcoin collateral loan to mining firm Intelion Data last December. Notably, USDT carries additional sanctions risks; Tether can freeze tokens linked to sanctioned entities without a court order, while Sberbank has been subject to U.S. and EU sanctions since 2022. Russia’s new cryptocurrency law will officially take effect on September 1, and market participants must complete their licensing applications by July 2027.
According to CNBC, an arbitrator ruled on August 12 that cryptocurrency exchange Gemini was not at fault in the collapse of its Earn lending program, citing insufficient evidence that it misled users or failed to conduct due diligence on its primary lending partner, Genesis Global Capital. A user had previously filed a claim against Gemini in late 2024. Launched in 2021, the Earn program offered annualized yields of up to 7.4%, but crypto market weakness in 2022 led Gemini to suspend withdrawals, impacting over 300,000 users. Following this, Gemini reached a settlement with Genesis, and Earn users have recovered $2.18 billion in digital assets, accounting for approximately 97% of the debt. More than ten related disputes involving Gemini currently remain unresolved.
According to CNBC, Andrew Bailey, Governor of the Bank of England and Chairman of the Financial Stability Board (FSB), wrote to G20 finance ministers and central bank governors on August 31 to warn that frontier AI models are exhibiting increasingly sophisticated autonomy and threat capabilities, which could fundamentally alter the speed, scale, and economics of cyberattacks, potentially triggering disorderly adjustments across global financial markets. Bailey noted that highly concentrated third-party service providers will become critical nodes of systemic risk, emphasizing that most countries currently lack regulatory frameworks for the development and deployment of frontier AI. He also flagged vulnerabilities in sovereign debt markets, the growing trend of leverage in equity markets, and the overvaluation of AI-related assets, urging governments to accelerate the refinement of relevant safety mechanisms.
According to ChaXiang Research, a Nomura Securities note dated August 28, 2026, indicated that Fed Chair Warsh emphasized the importance of the inflation target during his hawkish debut at Jackson Hole, hinting that policy may need to respond if inflation does not fall at a sufficient pace. However, he did not explicitly signal an imminent rate hike. The 2-year U.S. Treasury yield spiked 7 basis points following the remarks, as markets raised the probability of a September rate hike from 30% to over 50%. Nomura expects August core PCE to rise approximately 0.2% month-over-month, which would be sufficient to justify the Fed keeping rates unchanged, though its sensitivity to incoming data has increased significantly. Warsh downplayed the significance of recent benign inflation readings, stating he does not foresee any improvement in the trend. He unexpectedly minimized the cooling of wage growth, noting that wages have long failed to serve as an effective indicator of underlying inflation trends. On the economic front, Warsh struck an optimistic tone, describing consumption as "healthy," capital expenditure as "growing rapidly," and the labor market as "consistent with full employment." Nomura forecasts a 60,000 increase in August non-farm payrolls, with the unemployment rate dropping to 4.0%, and has revised up its third-quarter GDP nowcast to 3.6%. Nomura maintains its baseline assumption that the Fed will hold rates steady, but Warsh's hawkish tone implies that if the disinflationary process stalls, a rate hike could be placed back on the agenda.
Odaily News: Iceland held a referendum on August 30, with 52.8% of voters, totaling 105,339 votes, opposing the restart of EU accession negotiations. This outcome allows Iceland to maintain its status as a member of the European Economic Area (EEA) and remain within the Schengen Agreement framework.As an EEA member rather than an EU member state, Iceland does not automatically apply the EU's Markets in Crypto-Assets Regulation (MiCA). Crypto activities are primarily regulated under general financial laws. MiCA is expected to be incorporated into the EEA Agreement in the future, but no official timeline has been set yet. (Bitcoin.com News)