News linked to both this project and an event.
According to Bitcoin.com, MP Gurinder Singh Josan and Lord Vaizey, Co-Chairs of the UK All-Party Parliamentary Group on Crypto and Digital Assets (APPG), wrote to the CEOs of major UK banks on August 11, requesting them to clarify whether they provide account services to crypto businesses, what restrictions are imposed on digital asset transactions, and whether the aforementioned policies will be adjusted with the implementation of the UK's new regulatory framework. The MPs pointed out that bank access may be the single biggest obstacle to the development of UK crypto and digital asset enterprises. If licensed crypto enterprises still cannot obtain basic banking services, the competitiveness objectives of the new regulatory regime will be difficult to achieve. Economic Secretary to the Treasury Lucy Rigby previously also stated that bank service restrictions should not be imposed on FCA-authorized crypto enterprises solely based on their industry nature. The deadline for submitting written evidence for this inquiry is August 31, and the APPG will make policy recommendations to the government based on this.
According to Cointelegraph, digital asset infrastructure provider Copper announced that its US subsidiary, Copper Markets (US) Inc., officially obtained SEC-registered broker-dealer status on August 7 and became a FINRA member, officially establishing a compliant market presence in the United States. The company will provide institutional clients with qualified custody, staking, financing, and over-the-counter trading services, while also opening its ClearLoop network, allowing institutions to pledge and transfer crypto assets and tokenized assets between counterparties as collateral.
Odaily News – On August 6, the Monaco government submitted Bill No. 1131 to the National Council, aiming to replace Law No. 1.528 passed in 2022 and bring the crypto asset regulatory framework closer to the EU's Markets in Crypto-Assets Regulation (MiCA) and the Financial Action Task Force (FATF) standards. The proposed regulation will clarify the crypto asset services that can be conducted in Monaco and raise requirements for corporate governance, prudential safeguards, and professional conduct. Service providers must obtain prior approval from the Commission de Contrôle des Activités Financières (CCAF), and relevant licenses will also require joint review by the Autorité Monégasque de Sécurité Financière and the Agence Monégasque de Sécurité Numérique. The bill also expands the CCAF's supervisory and enforcement powers. If approved by the National Council, Monaco will further develop supporting implementation rules; Monaco has been placed on the FATF gray list since summer 2024 and has also been included by the European Commission on its list of high-risk countries for money laundering. (Bitcoin.com News)
According to News1, the South Korean Financial Services Commission, Financial Intelligence Unit (FIU), and Financial Supervisory Service stated that starting from August 20, the scope of reporting review for virtual asset service providers will be expanded to include major shareholders; if changes occur to major shareholders or the compliance system, prior reporting must be submitted 30 days prior to the change.
Odaily News: The Swiss Financial Market Supervisory Authority (FINMA) began operations on January 1, 2009, with unified responsibility for banking, insurance, anti-money laundering, and other regulatory functions. Its current regulatory scope covers banks, securities firms, insurance institutions, asset management companies, and digital asset enterprises. The regulatory framework was adopted in 2007 under relevant legislation.\nIn 2024, Switzerland's financial sector value added reached CHF 74 billion, accounting for approximately 9% of the country's GDP. In 2025, the industry provided about 222,800 full-time equivalent positions, and Swiss bank clients' securities holdings reached CHF 8.561 trillion, of which CHF 4.008 trillion belonged to foreign clients.\nSwitzerland has established a tiered regulatory pathway for fintech companies, allowing businesses to choose between a sandbox, a fintech license, a FINMA-recognized self-regulatory organization, or a full banking and securities license. The sandbox can accommodate specific deposit-taking businesses of up to CHF 1 million, while the fintech license permits eligible companies to accept public deposits or crypto assets of up to CHF 100 million.\nAs of 2025, Switzerland is home to 503 fintech companies and 1,766 blockchain companies. That year, Switzerland and Liechtenstein attracted CHF 185 million in fintech venture capital, with CHF 81 million directed to distributed ledger technology companies. Switzerland plans to establish license categories for payment instruments and crypto institutions, though as of August 11, 2026, the relevant framework has yet to be finalized. (Bitcoin.com News)
Odaily News: The U.S. Securities and Exchange Commission (SEC) will hold a public meeting on August 14 to consider proposing a "Regulation Crypto" rule framework that would allow certain crypto projects to raise funds without completing full securities registration. If public comment is initiated, this would mark the SEC's first formal, long-term crypto industry rulemaking. The framework is expected to establish a pathway for exiting SEC oversight: after project developers raise funds, if they no longer actively manage the project and the project achieves decentralization, it may fall outside SEC jurisdiction. SEC Chair Paul Atkins has previously stated that the exemption period could last up to four years, though the announcement did not disclose funding amount thresholds. The U.S. Senate did not advance the Digital Asset Market Clarity Act before entering its August recess. The final rule will still take several months to complete, and the meeting will be held at 10:00 a.m. ET on August 14. (Decrypt)
According to the Manus announcement, Manus will soon resume operations as an independent company. To comply with regulatory requirements in specific jurisdictions, some affected users are required to complete data backup before 7:59 on August 23, 2026 (UTC+8), and initiate data restoration starting from 8:00 on August 25 (UTC+8), to ensure normal use of the service.
Odaily News: Gurinder Singh Josan, Co-Chair of the UK Parliamentary Crypto and Digital Assets All-Party Parliamentary Group (APPG), along with Lord Vaizey of Didcot, has written to the CEOs of all major UK banks, demanding clarification on how they treat crypto and digital asset businesses. The letter raises six questions covering banks' current policies, whether they provide services to crypto businesses, related transaction restrictions and the factors determining them, and asks whether practices will be adjusted once the Financial Conduct Authority (FCA) regulatory regime takes effect. The group noted that many crypto businesses struggle to open bank accounts in the UK, with some banks also restricting related payments. The letter stems from a parliamentary inquiry into banking service access launched on July 21, with written submissions open until August 31. A January survey by the UK Cryptoasset Business Council estimated that banks block or delay around 40% of transactions to crypto exchanges. HSBC, NatWest, Monzo, and Nationwide cap monthly transfers to crypto exchanges at between £5,000 and £10,000, while Starling and Chase UK prohibit such transfers altogether. UK Treasury Economic Secretary Lucy Rigby stated that the government does not want FCA-licensed firms to face banking restrictions solely because of their industry; the FCA completed related rules in June, with the regime becoming mandatory in October 2027. (Decrypt)
HTX DeepThink columnist and HTX Research analyst Chloe (@ChloeTalk1) pointed out in her analysis that the core contradiction in the current macro market has shifted from "when the Fed will cut rates" to "whether the Fed needs to raise rates again." Warsh attempted to reduce the impact of single-month data on policy, but since his policy framework has not been fully understood by the market, July and August inflation data have instead become the key variables determining September policy expectations. If core CPI remains at 0.2% or below, the market will re-trade inflation decline and policy pause; if it consecutively exceeds expectations, the Fed will face a binary choice of "raise rates or lose credibility."
According to Chaoxiang Research, Citigroup's research report on August 9 noted that the FCC's proposed ban on Chinese optical modules entering the U.S. market, as reported by Reuters, remains at the proposal stage, and optical modules have not been listed in any effective bans. Chinese optical module suppliers hold a 60% to 70% share of high-speed optical modules for U.S. hyperscale vendors, and non-Chinese suppliers cannot fill the gap in the short term, making the likelihood of the ban being implemented low. Although FCC Order 26-50 establishes two types of restricted list mechanisms for manufacturers and origins, optical modules are only mentioned in the bill of materials disclosure examples and are not restricted products. Citigroup believes that the origin restriction path is more likely to be implemented than the manufacturer restriction, but the probability of implementation in the near term is very low. Eoptolink and Dongshan Precision have the largest exposure to U.S. optical module exports and face higher risks if the ban is implemented; TFC Communication, as a passive component supplier, is relatively insulated. Citigroup gives a buy rating to Eoptolink, Dongshan Precision, and TFC Communication, with target prices of 701 yuan, 350 yuan, and 419 yuan RMB, respectively.
Odaily News, August 11 - Web3 security firm CertiK has released its report "Intel3D: PSAV and Brazil's New Security Standards." The report notes that as the deadline for authorization applications set by the Central Bank of Brazil (October 30 this year) approaches, local Virtual Asset Service Providers (PSAVs) are facing a wave of concentrated compliance adjustments. Independent third-party compliance and security certifications are also transitioning from industry best practices to critical requirements for market access. According to the report, CertiK has already begun conducting independent external audits in accordance with Central Bank of Brazil Normative Instruction No. 701.As one of the markets with the highest crypto adoption rates globally, the impact of Brazil's regulatory transformation may extend far beyond its domestic market. The report shows that Brazil currently ranks fifth globally in actual crypto adoption rates. Between June 2024 and June 2025, Brazil received $318.8 billion in on-chain asset value, accounting for nearly one-third of South America's on-chain activity during the same period. Stablecoins have become a critical infrastructure in the local digital asset market, representing approximately 80% of the trading volume in crypto asset transactions reported to Brazil's Federal Revenue Service.
Odaily News, Oraichain stated that yesterday's incident stemmed from a vulnerability in the EVM cross-chain transfer path, resulting in the unauthorized minting of ORAI. Since 04:00 UTC on August 9, the network has been suspended, with bridge contracts, cross-chain paths, and public interfaces also restricted. The relevant vulnerability path has been identified and addressed, and associated fund transfer routes have been restricted. The team is working with partners and centralized exchanges to limit further movement of funds and protect affected assets. Currently, investigations and account reconciliations are still ongoing, and the team is preparing to restore the standard supply of ORAI, including burning unauthorized minted balances, as well as reconciling and repairing affected protocol states.
According to Cryptopolitan, the stock price of American Bitcoin (NASDAQ: ABTC), a Bitcoin mining company associated with the Trump family, rose about 10% in a single day on Monday, from $6.47 to $7.11. Triggering this rebound was a disclosure in regulatory filings: company director and Tinder co-founder Justin Mateen purchased a total of 306,981 shares over two consecutive days from August 5 to 6, totaling approximately $1.93 million, marking the largest insider purchase within the company in the past 12 months.
According to Yonhap News Agency, a former department head surnamed A at the Korea Food Research Institute filed an administrative lawsuit after being fired for privately mining cryptocurrency in the institution's warehouse, but was ruled to have lost the case by the Seoul Administrative Court on the 3rd of last month. According to the investigation, between February and September 2023, A unauthorizedly installed 2 GPU servers in the idle Promotion Hall warehouse of the institute and used institutional budget to complete air conditioning, network, and electrical renovation projects, cumulatively illegally mining approximately 71 million altcoins. After the incident was discovered, A also forged approval documents attempting to retrieve the GPU servers to destroy evidence. In addition, between August 2023 and May 2024, A used an unauthorized VPN to clock in in violation of regulations a total of 117 times, indirectly causing important scientific research data of the institute to be illegally leaked. The Audit Committee of the National Research Council for Science & Technology launched a special audit on A in 2024, subsequently reported to the police, and requested the institute to impose a dismissal penalty. After A's internal appeals and relief applications to the Local Labor Relations Commission and the Central Labor Relations Commission were all rejected, A resorted to the administrative court, but still ended in defeat. The court ruled that the dismissal "did not involve any circumstances clearly violating social common sense or abuse of discretion." In the criminal case, A was charged with crimes such as theft, violation of the Information and Communications Network Act, and forgery of private documents, sentenced to 1 year in prison in the first instance, and the second instance upheld the original verdict in April this year, formally finalizing the sentence.
According to Yonhap News, the phenomenon of "reverse Kimchi premium" in South Korea's virtual asset market has continued to intensify since the beginning of this year. According to monitoring by on-chain data platform CryptoQuant, the average Bitcoin Kimchi premium index in early August was -0.48%, and the Ethereum average was -0.49%, meaning domestic prices were lower than those on overseas exchanges. Of the 221 days this year, the number of days with a reverse Bitcoin Kimchi premium reached 123, marking the first time since CryptoQuant began tracking this data in July 2020 that it exceeded the number of days with a positive premium. The record for the longest consecutive streak was also recently broken—from June 20 to July 24 this year, a reverse premium was recorded for 35 consecutive days, surpassing the previous historical record of 23 days. Analysts noted that the continued expansion of the reverse Kimchi premium mainly stems from three factors: first, the South Korean stock market has continued to strengthen, attracting a large number of investors to shift away from the crypto market; second, tighter regulations have prevented new services such as derivatives from being launched, suppressing the inflow of new funds; third, the crypto asset taxation policy is about to be implemented, further depressing investment attractiveness.
In response to the abnormal and severe volatility in the perpetual contract markets of TUT (TUTUSDT), Lobster (龙虾 USDT), and BICO (BICOUSDT) on August 9, 2026, Gate has promptly launched a special review and risk control investigation. To safeguard the legitimate rights and interests of users, Gate will provide full USDT compensation to affected liquidated users who meet the compensation criteria. The platform has opened a dedicated processing channel. Affected users can contact Gate through official channels such as VIP account managers or online customer service. The platform will complete the implementation of the compensation plan within three working days and disburse the compensation amount to users' spot accounts.Gate stated that user rights will always remain the core focus of the platform. It will continue to strengthen abnormal trading detection, risk control for low-liquidity markets, dynamic management of risk parameters, and the development of pricing and liquidation mechanisms, further enhancing the platform's risk prevention capabilities and market governance standards. Gate remains committed to building a fair, transparent, and secure trading environment, continuously listening to user feedback, and working with the community to maintain a healthy and stable market ecosystem.
Odaily News: On August 5, the minority staff of the U.S. Senate Committee on Banking, Housing, and Urban Affairs stated that the July 22 version of the CLARITY Act fails to meet five minimum standards. The bill, numbered H.R. 3633, aims to divide digital asset regulatory authority between the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC). The analysis suggests that the bill's two-tier system could remove certain blockchain assets from SEC oversight, allowing issuing companies to self-certify exemptions from securities regulation. Healthy Markets and five labor organizations have raised concerns over pension protections and securities law loopholes, while minority staff also noted that investors' private right of action and state and tribal enforcement powers could be weakened. Minority staff stated that DeFi-related companies could be exempt from anti-illegal financing obligations even if they earn millions of dollars from platform transactions; some crypto mixers may circumvent U.S. sanctions by exploiting the "Tornado Cash loophole." The Independent Community Bankers of America (ICBA) and the Conference of State Bank Supervisors (CSBS) warned that stablecoin yields could drain deposits from community banks, and the Systemic Risk Council has flagged related banking activities as potential bailout risks. Minority staff noted that Donald Trump alone earned over $1.4 billion from crypto businesses in 2025, with related enforcement solely under the purview of his Attorney General, and that obligations would terminate upon his departure from office. Elizabeth Warren and Richard Blumenthal, citing $3.8 billion in investor losses, have separately called on the SEC to investigate Trump memecoin. The Senate is scheduled to hold a cloture vote on September 15 on the motion to proceed, with the bill needing 60 votes to advance. (Bitcoin.com News)
According to IBTimes, well-known cryptocurrency investor Harry Yeh (Ye Junde) fell to his death from the 30th floor of the Jade Park luxury residential building in Asuncion, the capital of Paraguay, around 4:30 AM on August 8. His body was found naked and covered with a black plastic bag. Police subsequently investigated his 30th-floor apartment, finding the door wide open and the interior in a mess, but no one was present. Police also questioned his Brazilian partner Isadora de Proenca Braganholo Carvalho (residing on the 27th floor of the same building), who claimed to know nothing about the incident. Currently, police have not publicly charged anyone. Yeh was an early Bitcoin investor who entered the market in 2013, when the BTC price was around $60. He later founded Quantum Fintech Group, reporting assets under management exceeding $2.4 billion, and was deeply involved in the Fantom ecosystem and DeFi projects, serving as a founder and seed investor for projects such as LIF3 and L3 Reserve. Currently, police have not ruled out any possibilities including accident, suicide, or foul play. Forensic autopsy results are expected to provide further clues for the case, and the investigation is still ongoing.
Polymarket data shows that the probability of the CLARITY Act becoming law by December 31 stands at 21%, with related contract trading volume exceeding $5.5 million as of August 9. Galaxy Research had previously lowered its expectation for the bill's passage in 2026 from 50% to 30%. On August 8, the U.S. Senate filed a motion to invoke cloture on the motion to advance the bill, but no full chamber vote was held. Senators will return on September 14, and per procedural rules, the first cloture vote is scheduled for September 15. The CLARITY Act aims to delineate the regulatory authority of the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) over digital assets. Senate negotiations still involve three unresolved issues: ethics enforcement, illicit financial activity provisions, and stablecoin yield. The bill will need 60 votes to overcome a filibuster.
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)