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The U.S. Commodity Futures Trading Commission (CFTC) has announced the agenda for the inaugural meeting of the Innovation Advisory Committee (IAC). The committee will hold its first meeting on August 20, focusing on regulatory issues in emerging areas such as crypto assets, artificial intelligence, and prediction markets.CFTC Chairman Michael S. Selig stated that the U.S. has long been a global center for financial innovation and hopes to explore how emerging technologies and financial products can drive market development through discussions with innovative entrepreneurs, researchers, and industry builders, and to jointly explore the "new frontiers of finance." The meeting will be live-streamed on the CFTC official website. Committee members and attendees will discuss topics such as the regulatory framework for digital assets, the impact of AI technology on financial markets, and the development of prediction markets. The public can submit relevant opinions by August 27, and these opinions will be publicly released through the U.S. Federal Regulations website Regulations.gov. The CFTC indicated that the meeting agenda may be adjusted based on the committee's subsequent focus.The Innovation Advisory Committee aims to provide the CFTC with recommendations on emerging technologies, financial products, and trends in market innovation, covering important areas such as digital assets and artificial intelligence that may influence the structure of future financial markets.

A man in Anshun, Guizhou, used the name of a virtual currency airdrop project as a pretext to lure friends into investing with the bait of guaranteed high returns, ultimately crossing the legal red line. The People's Procuratorate of Pingba District, Anshun City, Guizhou Province, filed a public prosecution, and the court sentenced Zhao to seven months in prison for fraud, along with a fine of 5,000 yuan.Zhao had been paying attention to the field of virtual currency investment for many years and had long been posting investment insights and financial management tips on social media platforms. Zhang was also a virtual currency enthusiast, and the two met on a social platform due to their common interests, gradually becoming friends and frequently discussing investment strategies online. Through long-term communication, Zhao gained Zhang's trust with seemingly professional investment analysis. Subsequently, Zhao proposed a joint investment, to which Zhang agreed. However, after a period of investment, Zhang experienced significant losses and expressed his intention to stop further investments.On August 23, 2025, Zhao claimed that a certain app had launched an airdrop project (to promote a new project, encourage user participation, or reward loyal users, distributing native tokens of the project for free to eligible users), persuading Zhang to invest the remaining funds in his account into this project, promising a return of 100 to 200 U coins (virtual currency) within two days. Zhao also guaranteed that if there were any losses during this period, he would bear the responsibility. To further alleviate Zhang's concerns, Zhao claimed that all investment funds would be transferred to a public chain (the public address of the virtual currency). Believing Zhao, Zhang exchanged 1,757 dollars in his account for Ethereum and completed the transfer according to the wallet link provided by Zhao. In reality, the wallet corresponding to that link was a personal account registered using his girlfriend's identity information, not a public chain. The agreed time for the return of funds had passed, but Zhao had not fulfilled his promise. Zhang urged for repayment multiple times, but Zhao evaded responsibility with excuses such as sending the wrong link and needing time to track it down. On September 7 of the same year, Zhang reported the situation to the police after noticing something was wrong.On April 2 of this year, the Pingba District Procuratorate filed a public prosecution against Zhao for suspected fraud. The procuratorial agency believed that Zhao deceived others out of property by concealing the truth, with a significant amount involved, constituting the crime of fraud. Given that Zhao truthfully confessed to the criminal facts after being apprehended, showed signs of remorse, and had fully compensated the victim for their losses while voluntarily admitting guilt, he could be punished leniently according to the law.

According to Digital Asset, a South Korean court has made a first-instance ruling regarding Delio CEO Jeong Sang-ho involved in a cryptocurrency fraud case amounting to approximately 250 billion won (about 180 million USD), sentencing him to 15 years in prison.The 11th Criminal Division of the Southern District Court of Seoul stated that Jeong's criminal conduct was serious, and he continued to shift responsibility to other companies while attempting to evade accountability. This ruling comes about three years and two months after Delio suspended withdrawals in June 2023.

According to Lookonchain monitoring, a user lost $100,000 after sending funds without verifying the address copied from the transaction history.Address poisoning attacks are common, so it is essential to carefully verify the wallet address before transferring funds.

According to GoPlus security alerts, a user lost approximately 100,000 USDT due to an address poisoning attack. The attacker conducted small transactions using malicious addresses with similar ending digits, waiting for the user to make a mistake while copying and pasting.Address poisoning attacks have been fully automated, including discovering poisoning opportunities, creating counterfeit coins with the same name or implementing small-scale poisoning, and mixing coins for money laundering. The victim's address received over four hundred poisoning transactions after executing the last transaction 69 days ago.

According to Cyvers Alert monitoring, an address poisoning attack was discovered, resulting in a loss of approximately 100,000 USDT for the victim. About 66 days ago, the attacker implemented address poisoning on the victim's wallet by sending transactions to create a malicious address record similar to a normal interaction address. The victim did not verify the complete wallet address and mistakenly transferred funds to the attacker's address.After the incident, to avoid potential freezing risks, the attacker exchanged the stolen USDT for ETH and currently holds about 52.8 ETH in the wallet. Cyvers reminds users to always verify the complete wallet address when making on-chain transfers and not to rely solely on address records in transaction history.At the same time, security agencies recommend using AI-based on-chain security tools for real-time detection of abnormal transaction behaviors to reduce risks such as address poisoning and phishing attacks. Address poisoning attacks have become one of the common scams in the cryptocurrency asset field in recent years, with attackers often exploiting users' habits of copying historical transaction addresses to mislead them into transferring assets through forged similar addresses.

KuCoin announced that it has obtained ISO 22301:2019 Business Continuity Management System (BCMS) certification, further strengthening its global operational resilience and service continuity capabilities. As an internationally recognized business continuity management standard, ISO 22301 aims to help enterprises identify operational risks, improve business continuity mechanisms, and enhance the ability to maintain and restore critical services in the event of sudden interruptions.This certification, along with ISO/IEC 27001:2022 and SOC 2 Type II, constitutes the three pillars of the KuCoin trust framework, covering information security, operational reliability, and business continuity. The three international standards and certifications complement each other, reflecting KuCoin's ongoing commitment to improving global operations and security systems, ensuring the stable operation of critical services, and providing safe and reliable digital asset services to global users.

White House economic advisor Kevin Hassett stated that he would not succeed Lisa Cook if the Federal Reserve Board member were to be removed from her position due to related allegations.Hassett mentioned that the allegations against Cook are matters under investigation by law enforcement and expressed, "I hope Cook is innocent." Previously, Cook had been challenging the Trump administration's attempts to remove her from her position as a Federal Reserve Board member.Regarding monetary policy, Hassett indicated that if he were involved in decision-making, he would lean towards maintaining the current interest rate levels or implementing rate cuts. He believes that inflation in the United States is easing, while the growth momentum on the supply side remains strong, providing room for a more accommodative policy environment.

According to TechFundingNews, AI infrastructure company Nscale is preparing for an IPO in the U.S., which could start as early as September this year. The company has disclosed to potential investors that its cumulative contracted revenue has reached approximately $51 billion. Currently, Goldman Sachs and JPMorgan Chase are serving as advisory firms for Nscale's potential IPO, but discussions are still ongoing, and the listing date may be delayed.Nscale is a company spun off from the cryptocurrency mining company Arkon Energy, primarily focusing on AI data centers, GPU computing power, and energy infrastructure. In July of this year, it announced the acquisition of distributed AI software company Anyscale for approximately $1.65 billion, with clients including Coinbase, Runway, and Bedrock Robotics. Previously, it was reported that AI infrastructure Nscale completed a $2 billion Series C financing round, achieving a valuation of $14.6 billion, led by Aker ASA and 8090 Industries, with participation from NVIDIA, Lenovo, and Nokia.

According to SBS, the Financial Supervisory Service (FSS) of South Korea has begun a comprehensive reform of its system to address compensation issues related to financial fraud, including voice phishing involving virtual assets. The FSS launched the "Financial Fraud Loss Compensation System Improvement Project" on August 6. This project aims to reform the existing compensation calculation system centered on the Korean won, in preparation for including virtual asset losses in the compensation scope starting in October this year.The current system primarily calculates compensation amounts based on losses valued in Korean won, but after the reform, a compensation ratio will be adopted, taking into account the type and quantity of virtual assets involved. Additionally, during payment suspensions, the Korean won exchange value of virtual assets will also be included in the calculations.

The U.S. Attorney's Office for Connecticut stated that three men from St. Louis, Sedric Louis, John Davis, and Martel Williams, have been charged with conspiracy to interfere with commerce by robbery, allegedly planning to break into a residence and force the victims to transfer cryptocurrency related to a theft of hundreds of millions of dollars in Bitcoin. Each faces a maximum of 20 years in prison.Prosecutors allege that the three traveled to Connecticut from August 21 to 24, 2024, rented a car, and prepared items such as air guns and walkie-talkies, monitoring their target and the target's parents for two consecutive days before abandoning the plan due to concerns that residential cameras would record their movements. Subsequently, another group from Florida executed the same plan and six individuals were arrested on August 25 in connection with a carjacking involving a Lamborghini Urus. Louis and Davis have been held since their arrest on June 25 and pleaded not guilty to the charges on July 30 in federal court in Bridgeport; Williams was released on bail after making the same plea on July 17. Prosecutors stated that the kidnapping target was the parent of an individual involved in the theft of hundreds of millions of dollars in Bitcoin, and the indictment does not constitute evidence of guilt.

White House cryptocurrency advisor Patrick Witt posted on the X platform that the U.S. Congress has been pushing for cryptocurrency market structure legislation for many years, and the Senate has been negotiating the CLARITY Act since last summer. However, in the past week, Chuck Schumer and so-called "pro-cryptocurrency Democrats" blocked the bill from undergoing procedural voting before the recess and requested further delays.Patrick Witt warned that if the bill does not make progress before September 15, the likelihood of it passing in the future will be significantly reduced.

Hyperliquid Policy Center issued a statement, and HPC attended the CFTC Agricultural Advisory Committee meeting, submitting a formal statement. The statement revolves around three points: first, agricultural end users need diversified market choices, and the historical ban on agricultural options has proven to be overly restrictive; second, the CFTC's phased approach to perpetual contracts is the correct path, and end user demand should drive the adoption of new derivatives; third, public blockchains contribute to modernizing clearing and settlement infrastructure, while enhancing collateral liquidity and preserving the market integrity protection mechanisms of the Commodity Exchange Act.HPC stated that it will continue to collaborate with the agricultural community to promote the regulatory implementation of perpetual contracts in the U.S. market.

According to Jinshi reports, the media advisor to the King of Bahrain stated that the Bahrain Air Defense Forces are repelling Iranian aerial attacks. In recent hours, Bahrain has successfully repelled multiple Iranian aerial assaults, and air raid alarms have been sounded due to the threat of airstrikes.

According to The Block, former Los Angeles police officer Eric Halem was sentenced to life in prison plus 15 years for his involvement in a cryptocurrency-related robbery case.

According to CCTV News, the international standard led by China, "Technical Framework and Functional Requirements for Blockchain as a Service in Blockchain and Distributed Ledger Technology," has recently been successfully initiated by the International Organization for Standardization. Countries such as Germany, the United Kingdom, Ireland, Japan, Portugal, and Uganda will send representatives to participate in the formulation.This standard will clarify three aspects of technical requirements: in terms of infrastructure and network, it will standardize the construction and operation and maintenance of underlying resources and blockchain networks. In terms of service management and smart contracts, it will unify the platform service catalog and the contract lifecycle management process. In terms of data interaction and security protection, it will clarify on-chain data access, privacy protection, and security compliance mechanisms.

Bitwise CEO posted on the X platform that one of the world's largest wealth management companies has opened the Bitwise Solana Staking ETF BSOL to its advisors and clients.

Justin Ryan Schmidt, the founder of the cryptocurrency investment fund Translunar Crypto LP, has been sentenced to 37 months in prison by a U.S. court for tax evasion. The U.S. Department of Justice stated that the 46-year-old Schmidt pleaded guilty this year in federal court in Austin, Texas, where he was accused of underreporting income, declaring less than $5,000 in income from 2020 to 2022, while prosecutors claimed he actually earned over $7 million through fund operations from 2019 to 2022.It is reported that Schmidt founded Translunar in 2017, primarily investing in blockchain startups, with funding mainly coming from investors in the Austin area of Texas and Aspen, Colorado. He was arrested by the IRS Criminal Investigation Division on February 23, 2026, and has been in custody since then.

According to Decrypt, the Myanmar parliament passed a law on Tuesday that allows for the death penalty for those who coerce others into engaging in online fraud through violence or illegal detention.According to the draft bill released in May this year, if such abusive behavior results in the death of the victim, the death penalty should be imposed. The new law also stipulates that individuals operating online fraud parks or implementing "digital currency fraud (cryptocurrency fraud)" can be sentenced to life imprisonment; while criminals who commit violent coercion, illegal detention, and other acts can be sentenced to 10 years to life imprisonment.

According to The Defiant, the tokenization platform Securitize Corp. (NYSE: SECZ) subsidiary Securitize Capital LLC has registered as an investment advisor with the U.S. SEC, effective July 22. This subsidiary had previously operated in Florida as an exempt reporting advisor since March 2023, only able to serve venture capital funds or private funds managed in the U.S. with assets under $150 million; this registration removes that limit.Reports indicate that this license completes Securitize's compliance matrix surrounding tokenized securities, with its U.S. affiliates now covering registered investment advisors, registered broker-dealers and alternative trading systems, transfer agents, and fund management. The registration also occurred five days after SEC Commissioner Hester Peirce warned that on-chain treasury and lending strategies might touch upon investment advisor regulatory issues on July 22.U.S. stock market data shows that SECZ fell nearly 10% during trading on Monday, currently reported at $6.76 per share, with a total market capitalization of about $1 billion.