News linked to both this project and an event.
Odaily News According to Odaily, Prediction market platform Kalshi has not yet filed its response with the U.S. Supreme Court, with a 30-day deadline for its response to New Jersey's September 2 filing. New Jersey is asking the court to determine whether states can regulate sports betting offered on exchanges registered with the Commodity Futures Trading Commission (CFTC), as the Third Circuit Court of Appeals and the Ninth Circuit Court of Appeals are split on the issue.Kalshi CEO Tarek Mansour stated that the CFTC will issue new rules within the coming weeks or months to further clarify Rule 40.11. Kalshi's litigation lead Jovy Dedaj and spokesperson Dani Lever also noted that the Ninth Circuit's ruling was primarily based on regulatory provisions currently being rewritten.In June, the CFTC proposed replacing its blanket prohibition on betting contracts with case-by-case public interest reviews, under which sporting events would be classified as gambling, though most game outcomes and special wager contracts could still be permitted. After Kalshi submits its response, New Jersey will have 10 days to reply, and the Supreme Court typically schedules a conference to consider the case about a month thereafter. (Bitcoin.com News)
According to the first Annual Assessment Report on Fraud Reporting (fiscal year 2025/26) released by the City of London Police, AI-related fraud reports surged from 193 to 956, marking a 395 percent increase, while related losses skyrocketed from £1.2 million to £9.6 million. The report indicates that criminals are extensively leveraging AI-generated videos, voice cloning, and spoofed websites to carry out investment fraud, and are using cryptocurrency to transfer illicit proceeds. Between January and June 2026, over 180,000 victims received case outcome notifications, with the average review time compressed from 37 days to 5 days. The City of London Police has urged all victims to actively report incidents via the Report Fraud platform to assist law enforcement in identifying emerging threats and safeguarding more potential victims.
According to CoinDesk, the IMF confirmed that all new Bitcoin accumulated by El Salvador since its first review in June 2025 came exclusively from private donations, without utilizing any public funds. El Salvador's official Bitcoin holdings have now reached 7,764.37 BTC. The balance had previously surged by more than 1,000 BTC in November alone, and has since been increasing at a pace of one BTC per day. The IMF did not disclose the identities of the donors or the specific donation amounts. Meanwhile, both parties reached a staff-level agreement on the second and third joint reviews of the $1.4 billion financing program. El Salvador is expected to receive approximately $140 million, pending IMF Executive Board approval for it to take effect.
Odaily News, data from the Central Bank of Brazil (BCB) shows that crypto purchases in July totaled $572 million, down nearly 80% from $2.6 billion in June and nearly 60% from $1.4 billion in July 2025.Fernando Rocha, head of the statistics department at the Central Bank of Brazil, stated that the changes are occurring as cryptocurrency exchanges adapt to the new regulatory environment for digital assets, with anti-money laundering controls and governance requirements being significant factors in the decline in transaction volumes.Since 2026, Brazil's cumulative crypto purchases have reached $15.25 billion, more than double the $7.6 billion recorded in the same period of 2025. The BCB noted that most of these transactions involve stablecoins. (Bitcoin.com News)
Bitcoin News posted on X platform stating that the IMF said El Salvador's Bitcoin accumulation since the first project review in June 2025 has been fully funded by private donations, without utilizing public resources. The Salvadoran government is not expected to continue accumulating Bitcoin in the future, except for recorded donations. This disclosure comes as IMF staff have reached an agreement with El Salvador on the latest project review, which could unlock an additional $140 million in financing.
Odaily News: The Australian Securities and Investments Commission (ASIC) has stated that crypto firms relying on temporary regulatory relief must apply for an Australian Financial Services License by September 30, or apply to vary their existing license. Those that fail to do so in time may face fines of up to 10% of their annual turnover.ASIC noted that firms requiring a market license or clearing and settlement facility license must also notify the regulator and attend a pre-application meeting. From October 1, firms that do not meet the conditions of ASIC's "no-action" position but still require authorization may be in breach of financial services laws and face civil and criminal penalties.ASIC disclosed that it has recorded more than 45 digital asset-related license applications since updating its guidance in October 2025. On June 25, ASIC extended the temporary regulatory relief period from June 30 to September 30, and broadened its scope of application. (Cointelegraph)
Odaily News: The U.S. Federal Bureau of Investigation (FBI) has seized approximately $560,000 in cryptocurrency and taken control of the domain and servers of a fundraising website linked to Hamas. The U.S. Department of Justice stated that these funds were allegedly intended for use by Hamas's military wing, Al Qassam Brigades.Investigators tracked and confiscated the relevant crypto assets based on three seizure warrants issued on March 25, June 25, and October 10, 2025. Court documents show that the assets involved include Bitcoin, Ethereum, Wrapped Ethereum, Tether (USDT), and TRON (TRX), distributed across 18 addresses controlled by Tether and 3 Binance accounts.According to court documents, encrypted chat groups had directed supporters to visit AlQassam.ps and solicited donations via rotating wallet addresses. After the FBI took over the relevant domain and servers, it obtained information on thousands of individuals who had contacted Hamas to inquire about making donations. (Decrypt)
According to Decrypt, the UK National Crime Agency (NCA) froze approximately $13.6 million (around £10.02 million) in Barclays' account for the Premier League under the Proceeds of Crime Act. This amount represents the initial sponsorship payment made by crypto fantasy football card game Sorare to the Premier League, stemming from a four-year sponsorship agreement worth roughly $163 million (£120 million) signed by both parties in January 2023. The NCA stated that the freeze was implemented to prevent the transfer of funds while investigating its link to "potential third-party criminal activity," with the Premier League itself facing no allegations of misconduct. Concurrently, Sorare is confronting a separate prosecution from the UK Gambling Commission, which alleges it provided gambling services without a valid operating license. The trial has been postponed until June 2027. Sorare denies that its product falls under gambling regulations, firmly asserting that gameplay is centered on skill rather than chance.
Odaily News The UK's National Crime Agency (NCA) has frozen over $13.6 million in funds held in Barclays bank accounts belonging to The Football Association Premier League Limited, the operating entity of the Premier League. The agency obtained a court order from Westminster Magistrates' Court in January 2025, freezing the funds under the Proceeds of Crime Act.The funds represent the first installment of a four-year sponsorship agreement with Sorare, announced in January 2023, which allowed Sorare to issue digital player cards for the 20 Premier League clubs. Sorare's partnership with the Premier League has concluded as of the 2025-26 season.Sorare also faces prosecution by the UK Gambling Commission, accused of offering gambling facilities without an operating license. The company has entered three not-guilty pleas, with the trial scheduled for June 2027. Sorare maintains that its game rewards skill rather than chance and denies that it constitutes a gambling product under UK law. (Decrypt)
Odaily News Crypto asset investment fund C1 Fund (NYSE: CFND) has announced its Q2 2026 performance results. As of June 30, the fund's net asset value (NAV) stood at $42.63 million, with a NAV per share of $6.49. The fair value of its investment portfolio was approximately $33.07 million, accounting for 77.5% of net assets.C1 Fund added Polymarket to its holdings in Q2, bringing its total investment portfolio to 11 companies. These span sectors including crypto payments, custody, compliance, staking, exchanges, development infrastructure, and prediction markets. Its two largest exposures are Ripple (17.5% of net assets) and Payward, the parent company of Kraken (16.9%).As of July 31, C1 Fund has repurchased and canceled 249,300 shares of its own stock at a total cost of approximately $824,000. The company is currently authorized to repurchase up to $3 million worth of shares. Management stated that buybacks conducted when the share price falls below NAV help enhance the per-share NAV for remaining shareholders.Additionally, Kraken and Blockchain.com have publicly announced that they have confidentially submitted potential IPO applications to the U.S. SEC; BitGo completed its IPO in January 2026. C1 Fund also revealed that an early partial issuer repurchase by Ripple generated approximately a 150% return on investment for the fund in just over four months. (Businesswire)
Odaily News: The sandwich attack bot operated by JaredfromSubway.eth has extracted a cumulative total of 117,007 ETH since March 2023, worth approximately $295 million at current prices. In June 2026, an anonymous attacker deployed 66 counterfeit token contracts, exploiting the bot's automated trading logic to steal at least $7.5 million in ETH and stablecoins, and funneled the funds into Tornado Cash. The stolen assets have not yet been recovered.Sandwich attacks are a form of Maximal Extractable Value (MEV): the bot monitors large transactions in Ethereum's public mempool, buys ahead of the target transaction, and sells after the transaction pushes the price up, capturing profits from the spread. The bot's primary contract had received a cumulative total of 117,007 ETH as of August 28.MEV-Boost block construction is centralized among a small group of participants, with relay.ultrasound.money, Titan Relay, and bloXroute regulated relays collectively forwarding approximately 85% to 88% of related blocks within a 24-hour window; Titan's builder independently assembled 50.3% of the blocks. Monthly sandwich attack extraction amounts have declined from approximately $10 million in late 2024 to roughly $2.5 million in October 2025. (Bitcoin.com News)
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, Hyperliquid Policy Center stated on the X platform that perpetual contracts should be central to the innovation agenda of the U.S. Commodity Futures Trading Commission (CFTC). The agency has submitted a statement ahead of the first meeting of the CFTC's Technology Advisory Committee on August 20, noting that perpetual contracts are expanding beyond digital asset markets into traditional asset classes such as equities and commodities, and that demand for these products among U.S. market participants is rising. Perpetual contracts can meet the risk management needs of various market participants, particularly suited for airlines hedging fuel costs, investment funds managing portfolio exposure, and AI developers addressing compute costs—exposures that are ongoing and have no defined expiration date. Compared to futures with fixed expiration dates, perpetual contracts require no rollover and face no expiration or delivery issues, using periodic funding rates to anchor the contract price to the underlying asset. Currently, on Hyperliquid, perpetual contracts deployed by third-party developers have covered over 80 traditional commodity and stock markets, with cumulative notional trading volume exceeding $500 billion. The CFTC has taken multiple steps this year to facilitate the launch of perpetual contract markets in the U.S. In May, the CFTC approved the first perpetual futures contract listed in the U.S. and issued a policy statement on listing perpetual contracts along with guidance on continuous trading; in June, the CFTC sought public comment on expanding perpetual contracts to energy commodities and further consulted on compute derivatives. Additionally, Hyperliquid Policy Center believes that on-chain infrastructure can also modernize U.S. derivatives markets within the existing regulatory framework. Public blockchains can openly record markets, orders, and positions, conduct margin assessments programmatically on an ongoing basis, and enable real-time collateral transfers, thereby reducing counterparty credit risk and settlement risk. The agency will continue to provide research and technical documents to the CFTC's Technology Advisory Committee and committee staff, and work to establish a pathway for U.S. market participants to access on-chain markets in a compliant manner. The agency believes that perpetual contracts represent one of the most notable financial innovations of the past decade and should be further developed in the U.S. market.
According to Chaoxiang Research, Goldman Sachs noted in its August 26 research report that the Federal Reserve's Jackson Hole Annual Economic Symposium will be held from August 27 to 29. Chairman Warsh's remarks on Friday at 10:00 a.m. New York time will be the market focus. Goldman Sachs expects Warsh to reiterate the 2% inflation target, outline the Fed's communication strategy, and discuss macroeconomic topics such as AI and productivity, but will not provide clear policy guidance for the September policy meeting. Goldman Sachs believes that improving inflation data for two consecutive months in June and July has bolstered the confidence of most FOMC members to maintain interest rates unchanged. With another round of CPI and PPI data due before the September 16 policy meeting, August core inflation is expected to increase approximately 0.2% month-on-month. A methodological adjustment on September 30 is expected to lower year-on-year core PCE by at least 0.2 percentage points. The peak impact of tariffs, oil prices, and AI demand on inflation has passed. Goldman Sachs expects the FOMC to keep interest rates unchanged in September and through the end of the year.
Odaily News: A survey by the National Institute on Retirement Security (NIRS) shows that 77% of Americans believe allocating cryptocurrency in workplace retirement plans carries risk, with 46% viewing it as highly risky; 53% oppose employers offering crypto investment options.The survey also reveals that 80% of respondents think the U.S. is facing a retirement crisis, up from 67% in 2020; 61% worry about achieving financial security after retirement. Additionally, 68% say preparing for retirement is becoming increasingly difficult, and 77% report that debt hinders their ability to save adequately.Conducted by Greenwald Research from October 24 to November 14, 2025, the survey covered 1,203 Americans aged 25 and older, with results weighted by age, gender, and income.U.S. policymakers are pushing to include alternative assets in retirement plans such as 401(k)s. The U.S. Department of Labor withdrew related fiduciary guidance in May 2025; on August 7, Donald Trump signed an executive order requiring expanded access to alternative assets in defined contribution retirement plans and directing the Department of Labor and the U.S. Securities and Exchange Commission (SEC) to study related regulatory adjustments. In March 2026, the Department of Labor proposed rules for including alternative assets, and Bernie Sanders, Elizabeth Warren, and Bobby Scott called for the proposal to be withdrawn in June. (Cointelegraph)
Odaily News: Coinbase Chief Policy Officer Faryar Shirzad has written an article rebutting the American Bankers Association's concerns about stablecoin rewards, stating that existing data does not support the claim that stablecoin platforms paying rewards will lead to deposit outflows from community banks and weaken local credit. Current law already permits such rewards, and Coinbase has been paying rewards to USDC users for over four years. Faryar Shirzad noted that from June 2019 to March 2026, community bank deposits grew by 26%, an increase of approximately $482 billion; research by Charles River Associates and the Council of Economic Advisers similarly found no significant relationship between stablecoins and bank deposits. The modification the American Bankers Association is requesting does not concern technical details in the CLARITY Act. The current text prohibits users from receiving returns solely for holding idle funds, but allows rewards for genuine activity; the amendment proposed by the American Bankers Association could expand restrictions to ordinary stablecoin use cases, and leave questions such as whether merchant rebates constitute bank interest to be decided by regulators and litigation. Faryar Shirzad calls for maintaining the existing compromise and passing the CLARITY Act, stating that the bill would grant banks new authorities in custody, staking, lending, payments, clearing, and market making.
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)
Odaily News - Digital asset manager Grayscale's Zcash ETF began trading on NYSE Arca on Tuesday under the ticker ZCSH. The product is the world's first exchange-traded product offering spot exposure to Zcash, allowing investors to track ZEC prices through securities accounts without needing to directly purchase or store the token.ZCSH was formerly known as the Grayscale Zcash Trust, established in October 2017 through a private placement. Grayscale filed an application with the U.S. Securities and Exchange Commission in November 2025 to convert the trust into an ETF, with shareholders holding shares that track the fund's ZEC holdings rather than holding ZEC directly.In May of this year, security researcher Taylor Hornby, using Anthropic's Claude Opus 4.8, discovered a vulnerability in Zcash's Orchard shielded pool that had existed for four years, which could potentially allow attackers to mint counterfeit ZEC. Developers deployed an emergency patch on June 1, but due to privacy mechanisms, it was not possible to cryptographically confirm whether the vulnerability had been exploited.Zcash activated the Ironwood upgrade in July, replacing Orchard with a new shielded pool and introducing accounting rules that limit the amount of ZEC exiting the old shielded pool to no more than the amount entering. Grayscale stated it will monitor the adoption of the Ironwood upgrade, network security, exchange support, and regulatory conditions for privacy assets. (Decrypt)
According to a post by ZachXBT, after reviewing relevant evidence, he stated that two U.S. investment platforms, BitcoinIRA and iTrustCapital, are suspected of having suffered data breaches this year, though neither appears to have publicly disclosed the incidents to date. The compromised data reportedly includes user profiles, portfolio holdings, banking information, custodian details, and verification statuses. ZachXBT noted that in June 2026, an attacker leveraged information from the relevant database to target a BitcoinIRA user, stealing more than $1.2 million in assets.
According to Chaoxiang Research, Goldman Sachs' fourth annual report in its CHIPS Act series, released on August 24, indicates that by June 2026, China's semiconductor IC self-sufficiency rate will reach 70%, nearly double the 38% recorded in January 2010. Goldman Sachs has raised its forecast for China's semiconductor capital expenditure to $82 billion in 2030, up 79% from previous estimates. The report covers CXMT, China's leading DRAM manufacturer, for the first time, assigning a Buy rating with a target price of ¥129. Goldman Sachs projects that the supply-demand gap for China's advanced logic processes at 7nm and below will narrow from 92% in 2025 to 34% by 2035, while wafer demand for AI servers will grow at a CAGR of 42% over the same period. Under the baseline scenario, China's AI chip market is projected to reach $678 billion by 2030, representing a CAGR of 69% from 2025 to 2030; the DRAM market will reach $257 billion by 2028, growing at a 50% CAGR, with HBM expanding at an 188% CAGR. China's WFE spending will increase by 13%, 20%, and 15% in 2026, 2027, and 2028, respectively. The revenue share of domestic equipment manufacturers in China's WFE market will rise from 31% to 38%. Despite the rising localization rate, global equipment suppliers remain key beneficiaries of China's capacity expansion in advanced processes. Goldman Sachs recommends Applied Materials, Lam Research, and Onto Innovation.