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The U.S. Commodity Futures Trading Commission (CFTC) announced on Tuesday that it has jointly filed a motion with Gemini Trust Company LLC in the U.S. District Court for the Southern District of New York, requesting the dismissal of a previous judgment against Gemini.The case was originally filed in June 2022, and the parties reached a consent order in January 2025. After a comprehensive review, the CFTC concluded that the lawsuit should not have been filed and would not be filed under current enforcement standards.The review identified six major issues: the complaint was primarily based on statements from a whistleblower of questionable credibility; the investigation targeted Gemini as a victim of fraud rather than the alleged fraudster; there were serious doubts about the strength of the evidence against Gemini; relevant supporting materials were concealed and not submitted to the commissioners during the CFTC's vote on the complaint; the litigation team invoked deliberative process privilege to prevent Gemini from obtaining evidence necessary for its defense; and personnel improperly used CFTC regulatory power to create leverage for settlement.The CFTC determined that continuing to enforce the forward-looking provisions of the consent order is neither consistent with its mission nor in the public interest, and that the non-forward-looking provisions of the consent order (such as civil penalties) have been fulfilled. The parties jointly request the court to vacate the remaining forward-looking provisions.

According to Cointelegraph, an investigative report released by The New York Times on Sunday revealed that several senior officials from the CFTC, who had raised regulatory concerns about Polymarket, Crypto.com, and Gemini affiliates, were subsequently suspended, subjected to internal investigations, and forced to resign. The three companies mentioned have been accused of having business ties to the Trump family.The report stated that then-CFTC acting chair Caroline Pham and her senior advisors intervened to assist the aforementioned companies in obtaining the necessary approvals. By the end of 2025, five officials who questioned or enforced cryptocurrency regulatory laws were placed on administrative leave and internal investigation, without being informed of the specific reasons. After leaving, Pham joined the cryptocurrency company MoonPay, which has a partnership with Polymarket, while her senior advisor Brigitte Weyls became the legal counsel for Gemini Titan—whose application was approved with her involvement.On the enforcement front, the CFTC has withdrawn at least five cryptocurrency investigations, with the number of enforcement actions plummeting from over 80 during the Biden administration to just two during Trump's term. In response, a White House spokesperson denied any conflict of interest, stating that "President Trump only acts in the best interest of the American public."

According to Bloomberg, the U.S. Court of Appeals ruled that the enforcement lawsuits by Nevada and Washington against the prediction market platforms Kalshi and Polymarket can continue in state court, and rejected the companies' request to pause the related cases during the appeal.The court stated that Kalshi and Polymarket failed to demonstrate that the state court lawsuits would cause irreparable harm, nor did they prove that their claims regarding federal question jurisdiction had a high likelihood of success. This ruling involves the enforcement actions by Nevada against Kalshi and Polymarket, as well as the case against Kalshi by Washington.

According to Bloomberg, Senator Elizabeth Warren has questioned the decision by financial regulators to allow cryptocurrency companies into the banking system. The Massachusetts Democrat wrote to Jonathan Gould, head of the Office of the Comptroller of the Currency (OCC), pointing out that the regulator has approved at least 9 national trust charters for crypto companies that "seem to be unqualified." Warren stated that these charters "appear to far exceed the narrow scope of activities permitted by law," constituting a "clear violation of the National Bank Act." She questioned whether the OCC adhered to relevant legal provisions during the approval process and requested clarification on the compliance of these cryptocurrency companies in obtaining banking charters.

According to the Korea Herald, a South Korean court partially approved Samsung Electronics' request for an injunction against the union's planned strike. Samsung turned from a decline to an increase, and the South Korean KOSPI index turned positive, reversing a previous decline of 4.68%.

According to Bits.media, the Russian state-owned enterprise Gazprom has requested that its 17 subsidiaries must open digital ruble accounts with the Central Bank of Russia.The company stated that this move is to prepare for compliance with legislation that will take effect on September 1, which requires legal entities to be able to accept digital rubles as a method of payment for goods and services. The Russian digital ruble began testing in August 2023, and by the end of 2025, over 130 legal accounts will have participated in the platform testing. Starting September 1, large Russian banks and major enterprises must provide customers with the ability to transact in digital rubles.

U.S. Senator Warren requests the U.S. Securities and Exchange Commission (SEC) to investigate the cryptocurrency company of President Trump's family.

According to monitoring by Catcher Predict, in the market prediction event on Polymarket "LoL: Cloud9 vs FlyQuest (BO3) - LCS Regular Season," the "both teams kill a dragon" sub-market's "yes" option win rate has experienced a sharp fluctuation, soaring from 49.5% an hour ago to the current 90% (a fluctuation of 40.5%). Please note the impact of related breaking news.

The U.S. Treasury Department has sent a letter to Binance, requesting compliance explanations regarding recent reports involving cryptocurrency transactions related to Iran and to strengthen regulatory cooperation.It is reported that this move comes amid ongoing scrutiny by U.S. regulators over cross-border capital flows on cryptocurrency platforms. Previous investigations and media reports have pointed to the possibility that Iran and related entities may be transferring funds through centralized exchanges, drawing the attention of the U.S. Treasury and Justice Departments.

U.S. Senator Elizabeth Warren wrote to Mark Zuckerberg, requesting more information from Meta regarding its latest stablecoin plan and criticizing the company's "lack of transparency" in related business as concerning.In her letter, Elizabeth Warren stated that given Meta's vast global user base, any stablecoin-related business could have a significant impact on market competition, user privacy, the integrity of payment systems, and financial stability. Previously disclosed information indicated that Facebook has been testing stablecoin payment features for certain creators in Colombia and the Philippines, with the plan based on USD Coin (USDC), requiring users to link a third-party crypto wallet address. A Meta spokesperson responded that the company "does not have a Meta stablecoin," and currently only hopes that users and merchants can use various payment methods, including third-party stablecoins, on the platform. Notably, Meta launched the stablecoin project Libra (later renamed Diem) in 2019, but ultimately terminated it in 2022 due to regulatory pressure. Warren has long been one of the toughest critics of cryptocurrency in the U.S. Congress and has repeatedly questioned Meta's stablecoin plans.

According to market news, the closed cryptocurrency exchange Bittrex submitted a motion to a federal judge this week, requesting to withdraw its $24 million settlement agreement with the SEC and asking for a full refund of the fine from the SEC.Bittrex's lawyers pointed out in the motion that when the SEC filed the lawsuit, it claimed that the relevant cryptocurrencies were unregistered securities. However, after the Trump administration took office, the SEC publicly acknowledged that the legal theory was flawed and subsequently dismissed almost all similar cases, with only the Bittrex case remaining unresolved. Bittrex believes this is unfair and is seeking equal treatment.It is worth noting that the SEC has initiated procedures to transfer the $24 million to the Treasury Department for compensation to affected customers by March 2026. Bittrex's lawyers are urgently requesting the court to issue a return order before the funds are transferred. The SEC is currently refusing to comment on this matter.

According to Decrypt, the closed cryptocurrency exchange Bittrex has filed a motion to a federal judge to withdraw its settlement agreement with the U.S. SEC and is requesting the SEC to return the $24 million fine.Bittrex was accused by the SEC of offering unregistered securities trading during the Biden administration, ultimately reaching a settlement and paying a fine, and then closed due to the "current U.S. regulatory and economic environment" that made it impossible to continue operations. Bittrex's lawyers pointed out in the latest filing that the SEC's stance on cryptocurrency regulation has fundamentally changed since the Trump administration took office, acknowledging that the legal theory that most tokens are considered securities was incorrect, that the enforcement strategy has been flawed from the beginning, and that almost all lawsuits and investigations against cryptocurrency companies have been withdrawn.Bittrex is asking the judge to order the return of the funds before the SEC transfers the money to the Treasury for compensation. In March of this year, the SEC initiated the process to transfer the fine to the Treasury.

According to official news, Aave LLC has submitted an emergency motion requesting the withdrawal of the asset freeze notice issued to Arbitrum DAO on May 1, 2026. This notice attempts to seize approximately $71 million worth of ETH, which belongs to the victims of the attack on April 18.Aave stated that attackers do not gain legal ownership of stolen property merely by stealing it, as the law clearly stipulates. The assets being recovered are intended to be returned to users affected by the attack on April 18, 2026. Freezing these assets harms the users that the recovery efforts are supposed to protect.Aave has requested the court to hold an emergency hearing and temporarily lift the freeze order, while continuing to work with the Arbitrum community and DeFi United to compensate the affected users.

According to Cointelegraph, Nominis analysis indicates that some of the "Iran-related" crypto wallets recently seized and frozen by the U.S. OFAC may not exhibit on-chain behavior characteristics consistent with the past operational patterns of the Islamic Revolutionary Guard Corps (IRGC), suggesting the involvement of other state-level actors.Previously, the U.S. Treasury stated that over $340 million, totaling nearly $500 million in Iran-related crypto assets, had been frozen in the "Operation Economic Fury." Nominis CEO Snir Levi noted that historically, IRGC-related wallets typically spread funds across multiple addresses, maintain low balances in single wallets, avoid long-term holdings, and employ complex operations to reduce the risk of being frozen; however, the wallets that were seized this time show significant differences in their funding structure and behavior patterns.He believes this raises a critical question: how much of the frozen $340 million in assets is directly controlled by the IRGC, and how much involves broader infrastructures that may even overlap with financial networks of other countries.Levi also pointed out that organizations, including the IRGC and potential state-level actors from China, are continuously upgrading their use of blockchain infrastructure, and traditional static risk control labels are no longer sufficient; behavioral analysis and address clustering are becoming increasingly critical.

According to Jinshi, Federal Reserve Chairman Powell stated that whether consumption will decline to offset the impact of inflation remains an unresolved issue.

U.S. District Judge Lewis Kaplan denied former FTX CEO SBF's request for a rehearing and harshly criticized the so-called new evidence he presented as baseless and "conspiracy-laden." In a court order issued on Tuesday, the judge pointed out that SBF's claims that FTX was actually solvent, that the Department of Justice was concealing information, and that witnesses were afraid to testify due to government threats were completely contradictory to the record.SBF originally accused former FTX Digital Markets co-CEO Ryan Salame and former data science chief Daniel Chapsky of not appearing in court out of fear, but the judge emphasized that SBF could have summoned or compelled them to testify but took no action. In November 2023, SBF was found guilty on all seven counts of fraud by a New York jury and was subsequently sentenced to 25 years in prison. Last week, he voluntarily withdrew his motion for a new trial, stating that he could not obtain a "fair hearing" from Judge Kaplan, but the appeal is still ongoing.The judge also criticized SBF for creating public opinion through interviews, stating that the so-called new facts had already been raised multiple times. SBF had sought a pardon from Trump, but Trump has also made it clear that there are no such plans.

ZachXBT posted on platform X criticizing Sam Altman's associated project World (formerly WorldCoin), questioning its practice of obtaining biometric data from users in low-income countries in exchange for distributing WLD tokens.He also criticized the low circulation token design of WLD, stating that the related identity verification system has led to a black market for verified accounts, and questioned the token inflation mechanism and the issue of off-exchange holdings circulation.

According to official news, after discussions with multiple stakeholders, Aave service providers, ether.fi, KelpDAO, and other projects have submitted a governance proposal to the Arbitrum DAO, requesting the release of ETH that was frozen by the Arbitrum security committee after the rsETH incident on April 18.The announcement stated that if these ETH are released, the funds will be directed to DeFi United. Aave firmly believes that this contribution will significantly advance the path to a solution.