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As the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) accelerate their rule-making efforts for the $2.5 trillion industry amid a legislative stalemate on cryptocurrency market structure during the summer recess, both agencies are advancing multiple crypto-related initiatives. These include re-evaluating the definitions of derivatives such as swaps and perpetual contracts, as well as rewriting the SEC's crypto custody rules.A bipartisan group composed of former CFTC Chairman Chris Giancarlo, former CFTC Commissioners Brian Quintenz and Sharon Brown-Hruska, former SEC Commissioner Steven Wallman, and former SEC Chief Economist Chester Spatt stated in a comment letter sponsored by Kalshi that similar risks should receive similar regulatory treatment, and overlapping rules should not impose additional compliance costs. Giancarlo noted that if federal regulation is calibrated based on actual risks rather than maximum burdens, liquidity will flow back to the U.S., and the longer we wait, the harder it will be to attract that liquidity back.Kalshi estimates that offshore perpetual contract trading volume will exceed $90 trillion by 2025, up from about $28 trillion two years ago. Additionally, the SEC last week submitted its plan to rewrite the custody rules for investment advisers and investment companies to the White House Office of Information and Regulatory Affairs for review, and its "Reg Crypto" proposal has officially entered the Federal Register, with a public comment period ending on October 20.

Balancer announced that a vulnerability was found in the old Balancer v1 contract, which could lead to LP funds being drained.The related liquidity pools have been deprecated and cannot be paused, and users are advised to withdraw their liquidity as soon as possible. Other Balancer products are not affected.

According to official news, Gate launched the 136th contract points airdrop event on September 2 at 18:00 (UTC+8). It is reported that this event is divided into two prize pools: users holding Gate contract points ≥40 can receive a 100 USDT position experience voucher, which will consume 20 Gate contract points; users holding ≥120--90 points (decreasing rule) can receive 12 GUSD, which will consume 15 Gate contract points.The GUSD prize pool adopts a decreasing threshold mechanism, where users with higher points qualify for rewards earlier, increasing their chances of obtaining rewards.

According to Digitalasset, the South Korean National Tax Service plans to introduce commercial tracking programs used by domestic and foreign investigative agencies to track and analyze the flow of funds between digital asset wallets, in order to close the tax loophole for virtual assets in personal wallets.The South Korean government stated that digital assets held in personal wallets and overseas exchanges are subject to taxation as long as there is income generated from transfers or loans. The overseas exchanges will respond through the Crypto Asset Automatic Information Exchange Framework (CARF).

Bitget launches the "Camping Stargazing Season" contract trading event, which runs from August 31 at 11:00 to September 7 at 11:00 (UTC+8). During the event, users who accumulate a specified trading volume can receive tiered USDT rewards, with a maximum of 170 USDT per individual.Users can also receive camping-themed physical rewards such as the Arc'teryx Alpha SV Jacket and the Snow Peak 4-6 person tent.

OpenAI has notified SpaceX that it will terminate the contract to provide models for the AI coding tool Cursor it acquired, with a suggested termination date of November 12, stating that this is the longest notice period stipulated in the contract. OpenAI expressed that the decision was difficult, as it values the widespread use of its models by developers, but due to Musk's past breaches of contract, it does not trust SpaceX to use the technology as agreed, and mentioned issues related to the use of OpenAI models during xAI training and contract problems when acquiring X.Musk stated on X that he does not care at all and referred to Sam Altman and Greg Brockman as frauds, accusing them of stealing from an open nonprofit organization. Musk was a co-founder of OpenAI but later filed a $150 billion lawsuit against OpenAI and lost due to exceeding the deadline. OpenAI had attempted to acquire Cursor's developer Anysphere but was unsuccessful, while SpaceX acquired Cursor for $60 billion, with the merger completed on August 15.Michael Truel, co-founder of Cursor and now an executive at SpaceX, stated that Cursor views the OpenAI platform as neutral infrastructure and is negotiating with OpenAI, noting that OpenAI models account for 5% of Cursor's user traffic. Tom Brown, co-founder of Anthropic, stated that they will continue to expand computing power to provide the Claude model on Cursor.

The European digital currency market is forming a pattern of parallel development between the central bank digital euro and private euro stablecoins. Revolut has previously launched phased testing of EURR in Denmark, Poland, and Portugal. This euro stablecoin operates on Ethereum and is issued by Bridge Building, a subsidiary of Stripe.The ECB emphasizes that the digital euro will adopt a highly private design, with offline payment information only held by the transacting parties, and online transactions cannot be directly linked to individuals by the Eurosystem. Europe is advancing its digital payment system through public digital currencies and private stablecoins to reduce reliance on dollar stablecoins and non-European payment infrastructures.

Blockchain analysis company Chainalysis has filed a lawsuit in the U.S. Federal Claims Court, accusing the U.S. Immigration and Customs Enforcement (ICE) of illegally awarding a $94.6 million exclusive contract to competitor TRM Labs. This contract provides forensic software and support services for investigations by the Department of Homeland Security's task force, with a performance period from July 1, 2026, to June 30, 2027. Chainalysis claims this is the largest blockchain analysis contract awarded by the U.S. government to date.In the complaint, Chainalysis pointed out that ICE issued a Request for Information (RFI) on May 28, which included 18 questions regarding capabilities such as a proprietary fraud victim database, AI agent data retrieval, automatic notifications for virtual asset service providers (VASP) to execute voluntary freezes, and collaboration with stablecoin issuers. However, many of the RFI requests did not appear in the final Statement of Need released less than two weeks later, while ICE's market research determined that Chainalysis could not meet the needs based on RFI standards. Chainalysis also noted that "sexual extortion," which was not mentioned in the RFI, became one of the three main task areas in the Statement of Need, and some requirements closely matched TRM's proprietary product architecture.Chainalysis claims it was the only company to submit a capability statement, but ICE completed its market research the next day, determining that TRM was the only vendor capable of meeting all the requirements, and did not pose any follow-up questions to it.

According to the official announcement, Bitget has launched the U-based "Bull Coming" perpetual contract, supporting up to 10x leverage, and the contract trading Bot will be opened simultaneously. For more details, please refer to the Bitget official platform.

According to the official announcement, Gate has launched MARSCOIN perpetual contract real trading (settled in USDT), supporting 1-20 times leverage.Gate has added MARSCOIN trading bots and Order Tracking features.

Michael Saylor, the founder and executive chairman of Bitcoin Strategy, once again released information related to the Bitcoin Tracker and wrote, "We're ₿ack."According to previous patterns, Strategy usually discloses Bitcoin holding changes the day after relevant news is released.It is worth noting that the last time Strategy disclosed an increase in Bitcoin holdings was on June 22, 2026, and there has been no information related to the Bitcoin Tracker released in the past two weeks.

According to GMGN market data, after the Binance contract went live at 19:30 (UTC+8), the BSC chain meme coin "Niu Lai" surged 10% in the short term, rising from a market value of 93 million dollars to 104 million dollars. "Niu Lai" increased over 85% in 24 hours, with a 24-hour trading volume of 45.5 million dollars.

The Binance contract platform will launch the Niulai USDT perpetual contract on August 30 at 19:30, with a maximum leverage of up to 10 times, supporting a multi-asset model.

According to on-chain analyst Ai Yi's monitoring, a certain whale opened a 10x long position of 403.44 BTC around 3 AM today on Hyperliquid, worth 31.49 million USD; at the same time, a 12x long position of 4781 ETH was opened, worth 11.75 million USD, currently with an unrealized loss of 362,000 USD.This transaction marks the whale's first contract trade on Hyperliquid.

GoPlus Security issued a security alert stating that a fraud gang has hijacked the realtrumpcoins[.]com website and the @realtrumpcoins1 account, maliciously issuing GOLD tokens. The gang inflated its market value to approximately $60 million before selling off and executing a Rug Pull, profiting over $8.2 million.On-chain data shows that the developers' initial funds trace back to a KuCoin-associated hot wallet, with another 15 trading wallets funded by Binance-associated hot wallets. These wallets all conducted transactions through the same malicious routing contract.GoPlus Security also pointed out that the gang deployed another malicious meme coin, Trump Digital Platinum (PLATINUM), whose contract can empty any holder's balance at any time, warning users to avoid purchasing and to be aware of the risks.

According to a report by the Korea Herald, South Korea's largest mobile communication operator SK Telecom announced the spin-off of its Artificial Intelligence Data Center (AIDC) business into a new independent legal entity, SK Horizon, and plans to introduce a total of 3.08 trillion won (approximately 2.2 billion USD) in external funding.The spin-off transaction is expected to be completed on February 1, 2027, with global private equity firms KKR, as well as IMM Investment and Stonebridge Capital consortium, likely to participate in the investment.

According to IT Home, the International Criminal Police Organization (INTERPOL) has announced the results of the new anti-fraud operation "Jackal IV." This operation will last from November 2025 to June 2026 and involves 22 countries and regions worldwide, focusing on combating online financial crimes such as romance scams, cryptocurrency and investment fraud, email scams, and money laundering. A total of 58 people were arrested in this round of operations, and the identities of 263 individuals involved have been confirmed.Among them, the Argentine police seized a "Crime-as-a-Service" (CaaS) network that provided website domain and money laundering services, arresting 17 people and confirming the identities of 196 individuals involved. The South African police raided 7 locations in Johannesburg, arresting 39 suspects accused of romance scams and investment fraud targeting retirees from English-speaking countries, while seizing $2.67 million and freezing 257 bank accounts.In addition, the Italian police confirmed one suspect involved in a cross-European money laundering network, discovering that a single bank account was linked to money laundering transactions amounting to €845,000; the Romanian police dismantled an investment fraud gang, arresting 11 people and seizing illegal assets such as cash, cryptocurrency, and real estate.

The Neutrl team stated that issues have been found with the positions held in the strategy, affecting the liquidity of part of the protocol's reserves. In the interest of users and after consulting legal advisors, the relevant smart contracts have been swiftly paused. This incident is not due to a smart contract vulnerability, hacking attack, or code defect.The protocol currently holds approximately $27 million in available liquid assets and continues to hold other positions and related gains and losses in the strategy, which cannot be immediately liquidated. The team cannot confirm the timing, amount, or recovery value of these positions. Liquidation and recovery of the remaining positions will take a long time, and the recovery amount or timing cannot be confirmed at this moment.In response to the liquidity needs of some users, Neutrl will open an early redemption mechanism for NUSD and sNUSD holders, which will be fairly treated for all holders based on legal advice. Complete details will be announced before the redemption begins, with a target for early September, depending on the deployment of the new redemption contract, independent audits, and legal financial reviews, and the timing may vary. The team advises against trading NUSD or sNUSD for the time being.

According to Decrypt, the British police confiscated 20.21 bitcoins along with other cryptocurrencies and bank funds, totaling a value of 1.4 million dollars. The individuals involved had previous convictions for money laundering and are now deceased.Investigators traced these assets back to dark web markets that operated from 2016 to 2019 and were later shut down by law enforcement. The police stated that these now-closed websites had facilitated various criminal activities ranging from drug supply to human trafficking, but did not disclose the specific names of the websites.