News linked to both this project and an event.
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)
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 He also noted that the Fed's forward guidance "has become outdated" and that markets should no longer rely mainly on the Fed for their next trade.Warsh stated that the criteria for initiating easing are: "We must be convinced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 - 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: Researchers at the Federal Reserve Bank of Dallas (Dallas Fed) have stated that tokenized deposits and round-the-clock instant blockchain transfers could weaken bank liquidity and limit their ability to issue long-term loans. The research was authored by Rosie Levy and Srini Ramaswamy.The study notes that of the $7 trillion in maturity risk borne by U.S. banks, approximately 80% is supported by the maturity characteristics of traditional deposits. If the weighted average maturity of deposits shortened by 10%, the banking system's maturity transformation capacity would decline by roughly $580 billion, potentially increasing liquidity risks and outflows pressure.Chris Turner, co-founder of Kula, stated that the speed of token transfers does not equate to the legal settlement of underlying financial claims. Tokens can be moved across blockchain networks in seconds, but payments, ownership, and legal claims still rely on banks, custodians, clearing systems, and regulatory registries to complete settlement. (Bitcoin.com News)
As reported by Fortune, Grayscale CEO Peter Mintzberg authored an article stating that Bitcoin rallied nearly 20% last week, recording its strongest three-day gains since 2023 as the crypto winter slowly thaws. However, he cautioned that market participants remain overly focused on short-term price fluctuations, overlooking the long-term structural growth of digital assets. Mintzberg highlighted two key drivers: first, sustained expansion in institutional demand. In 2025, the daily average capital inflow into spot Bitcoin ETPs exceeded $500 million, roughly 12 times the daily new supply from miners. Additionally, a 2026 EY survey revealed that 73% of institutional investors plan to increase their digital asset allocations. Second, accelerated enterprise blockchain adoption. In 2025, approximately 60% of Fortune 500 executives stated that their companies are actively advancing blockchain initiatives, with major players like Fidelity, Visa, and Stripe all positioning themselves in the stablecoin sector. He also noted the complementary nature of AI and public chain technologies, adding that emerging demands such as machine-native micro-payments and cross-border instant settlements will further drive real-world blockchain adoption. As regulatory frameworks grow increasingly clear, digital assets are rapidly integrating into the mainstream financial ecosystem.
According to Decrypt, privacy-focused Bitcoin wallet Sparrow Wallet released version 2.5.4 on August 28. Developer Craig Raw stated that the update was driven by an AI-assisted code review, with the majority of fixes originating from it. This review was prompted by the recent seed generation code vulnerability exploit affecting Coldcard, as well as the release of unrestricted AI models in China, which has significantly enhanced vulnerability scanning capabilities across large codebases. Key updates include: validating the authenticity of transactions returned by Electrum servers, enforcing stricter BitBox02 hardware wallet security requirements (firmware v9.4.0 or higher required), patching local DNS leaks, and masking sensitive credentials in debug logs. Raw noted that there are no indications of any exploits being leveraged, user funds remain secure, and he still advises all users to update at their earliest convenience.
As reported by Bitcoin.com, New Zealand's fourth-largest party, the ACT Party (Consumers and Taxpayers Association), has formally proposed a digital asset tax reform plan. The proposal seeks to exempt compliant crypto assets held by individual retail investors for over a year from capital gains tax and waive tax reporting obligations for small-value crypto payments. Additionally, the plan introduces clear regulatory frameworks for stablecoins and tokenized securities, alongside a regulatory sandbox mechanism tailored for startups. ACT Party Deputy Leader Nicole McKee stated that this initiative aims to establish New Zealand as a trusted hub for digital finance, driving local high-value employment and economic growth.
Odaily News: Prediction market platform Polymarket US withdrew two NFL player participation contract filings on August 26. The platform had completed certification with the U.S. Commodity Futures Trading Commission (CFTC) the previous day and planned to launch the related products no earlier than August 27.On the same day, Polymarket US certified Bitcoin, Ethereum, and Solana price contracts. All three contract types were submitted in paired form and classified as swaps under the binary options subcategory. Both the NFL contracts and the cryptocurrency contracts fall under the relevant classification.Polymarket US separately filed a confidential treatment request for the NFL compliance analysis documents, seeking permanent non-disclosure on the grounds that public release would reveal trade secrets and give competitors an unfair advantage. As of the time of record, another NFL American football starting eligibility contract remained in certified status. (Bitcoin.com News)
Odaily News: Sparrow Wallet v2.5.4 has been released following an extensive AI-assisted review, featuring multiple security hardening updates aimed at reducing users' reliance on external servers such as Electrum.Additionally, this version strengthens Ledger, Keycard, Trezor, Payjoin, PSBT, and multi-signature handling, removes Bitcoin Core credentials and other sensitive information from debug logs, restricts permissions for existing wallet and backup directories to owner-only access, closes residual local DNS resolution leaks when using Tor, and reinforces validation for wallet import, signing, downloads, and server responses. The update expands Sparrow Wallet's scope of independent verification for transaction data, hardware devices, and other inputs, reducing dependence on data provided by external servers. (Bitcoin News)
Odaily News: The Tennessee Sports Wagering Council issued cease-and-desist letters on January 9 to prediction market platforms Kalshi, Polymarket, and Crypto.com, demanding they stop offering sports-related prediction market products to Tennessee residents, void unsettled contracts, and return customer funds. The Council considers these products to constitute sports betting, requiring platforms to comply with state licensing, taxation, age restrictions, and consumer protection requirements.Kalshi stated that its event contracts are financial instruments regulated by the Commodity Futures Trading Commission (CFTC) and are not subject to state sports betting regulations. Users buy and sell contracts, with contract prices reflecting the market's implied probability; when an event occurs, winning contracts settle at $1, while others settle at zero.Traditional betting companies typically accept user wagers and manage risk by setting odds, whereas Kalshi facilitates trading between users, with the platform acting as a matchmaker and prices formed by buyers and sellers. This dispute centers on whether sports prediction markets should be subject to a unified federal regulatory framework or individual state betting licensing regimes. (Bitcoin.com News)
Odaily News - Hardware wallet maker BitBox reports that credit card sales in August grew roughly 10x compared to the baseline of previous weeks, with the increase primarily driven by North America. Trezor and OneKey also confirmed rising sales during the same period, though neither disclosed specific figures.Trezor, BitBox, and OneKey have all re-reviewed their seed phrase generation, random number generator, entropy, and firmware verification processes. Trezor plans to conduct penetration testing on core firmware functions and publish related security audit reports. OneKey will strengthen reviews of security-critical code paths and transaction signing processes.Ledger CTO Charles Guillemet stated that AI-assisted attacks mean patch releases, vulnerability disclosures, and user education need to accelerate. Blockstream Jade has released a firmware update containing multiple fixes and recommends users simultaneously update their apps, operating systems, devices, routers, and home appliances. (Bitcoin.com News)
Odaily News Bitcoin has rebounded strongly recently. Analysts believe that record-breaking short squeeze activity, along with policy signals from U.S. Treasury Secretary Scott Bessent, may be pushing the market into a new phase of bull market cycle adjustment.Data shows that Bitcoin has risen approximately 23% over the past week, marking its largest weekly gain since the post-U.S. election rally in November 2024. Crypto market trading activity has also recovered in tandem, with spot and perpetual contract trading volume surging 188%. CME Bitcoin futures volume rose 152%, and the annualized futures basis climbed to 11.1%—the highest level since January 2025. Additionally, Bitcoin ETF products recorded net inflows of approximately 31,740 BTC over the week, the strongest capital inflow since the market peak in October 2025.Vetle Lunde, Head of Research at crypto research firm K33 Research, stated that the early phase of this rally was primarily driven by short covering. On August 19, Bitcoin short positions saw a single-day liquidation scale of $1.37 billion, a record high, followed by another $739 million in short liquidations on August 21. The massive short squeeze pushed open interest in perpetual contracts down to 284,000 BTC, the lowest level since May, while market funding rates also returned to neutral.On the macro front, policy signals from U.S. Treasury Secretary Scott Bessent regarding increased long-term Treasury buybacks are also viewed by analysts as a market catalyst. K33 believes that the Treasury buyback program could lower long-term interest rates and boost demand for scarce assets. Meanwhile, Bitcoin's correlation with gold has risen, with the 90-day correlation coefficient reaching 0.52—the highest since October 2020—while its correlation with the Nasdaq index has declined to 0.38, a one-year low.Matt Hougan, Chief Investment Officer at crypto investment firm Bitwise Asset Management, believes that Bessent's recent remarks on sanctions against Iran's financial network have further strengthened Bitcoin's investment thesis: as the global financial system becomes increasingly influenced by geopolitics, the value of assets that are decentralized and do not rely on any single nation's financial system may appreciate further. (The Block)
Bernstein analysts expect that, as the "devaluation trade" becomes a macro theme, Bitcoin is poised to rise to $150,000 by mid-2027 under a base case scenario and reach a cyclical peak of approximately $300,000 in 2029. Analysts believe that rising global sovereign debt and interest expenditures may prompt policymakers to lean toward currency devaluation to ease fiscal pressures, thereby enhancing the appeal of scarce assets like Bitcoin.
According to Bitcoin.com, blockchain analytics firm Chainalysis announced the results of Operation Lighthouse on August 25. This transnational operation targeted criminal networks associated with child sexual abuse material (CSAM), investigating 29,120 cryptocurrency addresses and digital identifiers across more than 100 clearnet and darknet platforms, forums, and distribution networks. The effort generated 14,300 investigation leads and uncovered over 7,700 suspicious accounts and linked suspects spanning 125 countries. Coordinated in New York by the National Cyber Forensics & Training Alliance (NCFTA), the initiative involved at least nine law enforcement agencies, along with more than 13 private organizations and non-profits, including Europol, the Australian Federal Police, the Royal Canadian Mounted Police, and the UK’s National Crime Agency. Chainalysis stated that the discovered leads could subsequently result in account restrictions, arrests, and prosecutions. Law enforcement outcomes are expected to continue through 2027, and the company plans to extend this collaborative model to other types of crypto-related crime.
Odaily News: Tomáš Jiříkovský, the main defendant in a Czech cryptocurrency money laundering case and a programmer linked to dark web operations, has signaled for the first time that he may cooperate with the investigation. The Brno City Court ruled to keep him in detention, citing flight risk and the possibility that he still controls undisclosed crypto assets.Prosecutors stated that Jiříkovský has shifted his stance regarding the operation of dark web markets and the laundering of criminal proceeds, but has not yet provided detailed testimony. Prosecutors are seeking a maximum sentence of 20 years in prison along with asset forfeiture. The case involves his donation of Bitcoin valued at $44 million to the Czech Ministry of Justice. (Bitcoin.com News)
Odaily News: Recent Bitcoin volatility has triggered a wave of leveraged long position liquidations. On August 22, hourly liquidations reached $529 million, with long positions accounting for $478 million; on August 23, an additional $84 million in crypto long positions were liquidated within one hour.Prediction market Kalshi launched the first spot Bitcoin perpetual futures contract approved by the U.S. Commodity Futures Trading Commission (CFTC) on June 3, with liquidations reaching $5.5 billion in the first two weeks. Kalshi CEO Tarek Mansour stated that the product offers U.S. institutions regulated onshore perpetual contract trading.Benjamin Schiffrin, Director of Securities Policy at Better Markets, pointed out that perpetual futures are high-risk crypto products for retail investors, and the CFTC did not impose additional investor protections when approving them. Analysis account Qmo noted that there are significant Bitcoin long liquidation pools in the $62,000 to $67,000 range; trader Money Bunny disclosed that short liquidations reached $2.7 billion to $3.5 billion within 24 hours. (Forbes Digital Assets)
The Securities and Exchange Commission (Thailand) has issued an announcement soliciting public comments on the draft regulatory framework for establishing cryptocurrency exchange-traded funds (crypto ETFs) in Thailand, as well as the revised eligibility requirements for mutual funds and private funds to engage foreign digital asset custodians, with a comment submission deadline of September 20, 2026.
London-listed technology company The Smarter Web Company tweeted that its Bitcoin Strategy Lead Jesse Myers will step down on September 1. The company's Bitcoin reserve policy will remain unchanged and will continue to be overseen by the board of directors.
According to Bitcoin.com, Bitwise Chief Investment Officer Matt Hougan stated that the bullish thesis for 2026 is more fundamentally grounded than the crypto market cycles of 2014, 2018, and 2022, primarily driven by five structural changes: the advancement of regulatory frameworks, the scaling of stablecoin adoption, the tokenization of real-world assets, protocol tokens generating genuine revenue supported by buyback and burn mechanisms, and the demand for currency debasement triggered by expanding sovereign debt. Hougan noted that the total stablecoin market capitalization surpassed $300 billion by mid-2026, with steady usage across trading, payments, cross-border remittances, and settlements; meanwhile, asset tokenization is progressively transitioning from experimental phases into regulated financial infrastructure. He also highlighted Hyperliquid as a prime example, noting that the protocol generated over $800 million in revenue last year, allocating roughly 99% of it toward buybacks and burns of the HYPE token. On Bitcoin, Hougan suggested that rising government borrowing levels could further cement its role as a hedge against currency debasement, though he emphasized that the associated valuation models represent scenario analyses rather than definitive price forecasts.
According to The Block, South Korea's top financial regulator stated that it will accelerate discussions on cryptocurrency legislation and plans to introduce South Korea's version of the Basic Act on Digital Assets this fall. The bill is expected to establish relevant regulatory rules for areas such as stablecoin issuance, Virtual Asset Service Provider (VASP) licensing, and Bitcoin ETFs.