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Gannon Ken Van Dyke is an American soldier accused of using non-public information to trade event contracts related to the ousting of Venezuelan President Nicolás Maduro on the prediction market platform Polymarket, profiting over $400,000. U.S. authorities charged him with fraud in April. The Commodity Futures Trading Commission (CFTC) had previously filed a civil lawsuit against Van Dyke, but a federal judge has ruled to postpone the proceedings until the outcome of the criminal case is determined.The CFTC has applied to submit an amicus brief to express opinions on whether the event contracts fall under its regulatory scope as "swaps." Van Dyke's attorney filed documents on Monday with the U.S. District Court for the Southern District of New York opposing the CFTC's intervention in the criminal case, stating that the agency should face its own case directly. Van Dyke has pleaded not guilty to all charges, and the criminal trial may begin as early as late 2026 or early 2027.

According to Bloomberg, the cryptocurrency project World Liberty Financial, supported by the Trump family, has received preliminary conditional approval from the Office of the Comptroller of the Currency (OCC) for a national trust bank charter, intending to establish World Liberty Trust Company. After final approval, the institution will be able to issue and redeem the stablecoin USD1 directly, manage its reserve assets, and provide digital asset custody services.This application comes at a time when the approval process for new bank charters in the United States has significantly accelerated. OCC data shows that 22 bank charter applications have been approved in the 19 months prior to Trump's second term, exceeding the total from the previous five years, with several being fintech and digital asset companies. World Liberty Trust Company is not a traditional commercial bank and cannot accept deposits insured by the FDIC or issue traditional loans.

Cryptocurrency trader Garrett (@garrettbullish) stated that if the market further consolidates at the beginning of the week while Bitcoin's dominance continues to rise, he will be more bullish. He reminded investors to remain restrained, not to rush into increasing their positions or excessively use leverage, and to avoid operating as they did during their first cycle.Garrett mentioned that this is his fifth market cycle, and he knows how to navigate the current situation.

According to Blockworks data, Hyperliquid Builder Codes reached a nominal trading volume of approximately $989.4 million on August 21, setting a new historical high. Among this, perpetual contracts accounted for about $983.9 million, spot trading for about $5.408 million, and the result market for about $66,000. On the same day, the number of traders was approximately 39,982, and Builder revenue totaled about $781,600, also reaching a recent high.In terms of revenue contribution, MetaMask contributed about $142,600, Phantom about $114,300, Trust Wallet about $86,900, followed closely by Invo, Based, fomo, and others.

Bitcoin News posted on platform X that Matt Seigel from VanEck stated that the U.S. Treasury is increasingly financing U.S. debt through short-term Treasury bills, which currently account for 23% of tradable debt, up from the 15% to 20% range recommended by the Treasury Borrowing Advisory Committee.He noted that this makes the cost of maintaining high interest rates increasingly expensive and puts pressure on the dollar. VanEck stated that the only persistent correlation between Bitcoin and the dollar over the past 15 years has been a negative correlation. The agency believes that this dynamic ultimately points to lower real interest rates, a structurally weakened dollar, and stronger support for Bitcoin as a hedging tool.

The preliminary value of the S&P Global Composite PMI for the United States in August is 56, expected to be 53.9, and the previous value was 54.5.

According to businesswire, Bitcoin treasury company BSTR Holdings announced that it has reached an agreement with Cantor Equity Partners to terminate the business combination agreement signed by both parties on July 16, 2025.The reason for termination is that under the current market environment, the valuation of Bitcoin and publicly listed Bitcoin treasury companies continues to be under pressure, leading to a mismatch in the capital market, which restricts the amplifying effect of financing tools such as convertible bonds and perpetual preferred stocks in Bitcoin treasury strategies.BSTR stated that it will continue to promote institutional-level Bitcoin asset management business once the market environment stabilizes.

According to a report by Reuters, Tether has ceased its Bitcoin mining operations in Uruguay as of 2025. Documents and sources indicate that the project was ultimately abandoned due to a misunderstanding between Tether and the Uruguayan national electricity company UTE regarding the terms of power supply.Tether believed the contract stipulated a minimum power supply that could be adjusted, while UTE viewed it as a maximum quota that could not be exceeded.

A notional value of $1.82 billion in crypto options will expire tomorrow, of which the notional value of BTC options is $1.57 billion, with a put/call ratio of 0.65 and a maximum pain point of $66,000; the notional value of ETH options is $250 million, with a put/call ratio of 0.77 and a maximum pain point of $1,950.

According to Bloomberg, citing informed sources, China's Ministry of State Security recently requested some government-related agencies to uninstall the Windows 10 Shenzhou Internet Security Government Edition operating system, advancing the planned end of support originally set for February 2027 by several months. This operating system was developed by a joint venture between Microsoft and China Electronics Technology Group, established in 2016, aimed at ensuring Windows 10 meets the security requirements of the Chinese government.The report states that the new directive comes just weeks before a planned summit between Chinese and U.S. leaders, catching some government agency staff by surprise. As China gradually removes overseas technology products from its government procurement whitelist, this early discontinuation will further reduce reliance on U.S. technology. Shenzhou Internet Security has not publicly responded to this matter.

The Shanghai Intermediate People's Court has published typical cases, analyzing whether "traffic personnel" involved in telecommunications network fraud related to virtual currencies constitute accomplices in fraud. From February 2022 to April 2023, the defendants, for the purpose of profit, assisted upstream fraudulent activities by "draining traffic," using online virtual phone software to lure victims into related scam groups, ultimately causing 30 victims to be defrauded of more than 2.34 million yuan (the same currency hereafter) by an overseas fraudulent organization. The overseas fraudulent organization transferred funds into the suspects' trading accounts via virtual currency.The Shanghai First Intermediate People's Court pointed out that in telecommunications network fraud cases, "traffic personnel" may constitute accomplices in fraud or illegal use of information networks depending on specific circumstances. The key lies in determining whether they have formed a clear criminal intent connection with the upstream fraudulent organization and whether there is stable cooperation and division of labor. In judicial practice, when assessing the criminal responsibility of "traffic personnel," factors such as their role in the criminal chain, the degree of organizational management, connections with upstream criminals, methods of profit, and abnormal behavior should be comprehensively considered. Actions that only provide general online services and do not form a conspiracy to commit fraud should be distinguished from "draining" actions that knowingly participate in the implementation of fraud.

According to the Daily Economic News, following the requirement to confirm that the source of funds for new account openings comes from legal overseas channels, some banks in Hong Kong have begun to initiate a source of funds declaration process for certain existing mainland investment clients. HSBC Hong Kong has recently started notifying some existing mainland investment clients, requiring them to submit the "Declaration for Opening/Maintaining Accounts" through the HSBC Hong Kong App by September 12 and to update their contact information.The declaration includes confirming that the funds for investment activities come from legal sources outside mainland China, and that the bank may disclose personal information at the request of law enforcement or regulatory agencies. The notice also mentioned that if the declaration is not submitted by August 20, investment-related services may be suspended; if it is still not submitted by September 12, investment-related services may be terminated.An HSBC spokesperson responded that they will follow relevant regulatory requirements when managing investment client relationships, thus inviting relevant mainland Chinese investors to provide self-declarations and confirm that the information provided in their "Know Your Customer" and "Customer Due Diligence" processes is current and valid, which helps to continuously provide uninterrupted services to clients. HSBC emphasized that this latest declaration requirement applies only to investment service clients.

Uniswap founder Hayden Adams (@haydenzadams) posted that as the process of asset tokenization accelerates, AMM (Automated Market Makers) is facing structural opportunities. He pointed out that tokenization is not only an upgrade of market infrastructure but also makes the market programmable, fundamentally changing the way markets are created and the barriers to participation.On-chain liquidity spontaneously forms a pattern of "related asset pairs" — the higher the correlation between asset pairs, the lower the LP inventory risk and the deeper the liquidity, which also reduces the efficiency gap between passive AMM strategies and active strategies, allowing for lower capital costs to "break through" traditional market makers. He used NVDA/SPY as an example, pointing out that if stocks are traded in SPY rather than USD, it will significantly reduce market-making costs, while bridge pairs (such as SPY/USD) will still be competed by professional institutions.

According to monitoring by Catcher Predict, in the event "Dota 2 LGD Gaming vs Team Yandex Elimination Match" on the prediction market Polymarket, the "LGD Gaming" option in the submarket "Match Winner" experienced a drastic fluctuation in win probability, dropping from 63.5% an hour ago to the current 37.5% (a fluctuation of 26%). Please note the impact of related breaking news.

According to Catcher Predict monitoring, in the predicted market Polymarket for the event "Dota 2: Iron Wing vs. GamerLegion - The International Elimination Match," the sub-market "Ends During the Day" saw the "Yes" option's win rate fluctuate dramatically, soaring from 50% an hour ago to the current 90.5% (a fluctuation of 40.5%). Please note the impact of related breaking news.

According to the Financial Times, JPMorgan Chase terminated its banking services for Polymarket last October due to regulatory concerns, requiring the company to seek new banking institutions. Previously, Polymarket was banned from providing services to U.S. customers after the Commodity Futures Trading Commission took enforcement action in 2022.Currently, Polymarket has partnered with a new bank, but the specific name has not been disclosed. JPMorgan Chase still maintains business dealings with Polymarket and invited its CEO Shayne Coplan to participate in a private banking client meeting held in Miami this February, where he spoke alongside former NFL player Tom Brady. Polymarket stated that the two parties continue to maintain a close and active relationship in various areas, including multiple entities, operational integration, and customer fund flow management.Since 2026, prediction market platforms like Polymarket and Kalshi have faced legal actions from multiple U.S. states regarding their alleged operation as illegal sports bookmakers, while the relevant platforms argue that they operate as exchanges facilitating trades between buyers and sellers, rather than as bookmakers. According to user aggregated data, the nominal trading volume of prediction markets has exceeded $250 billion since 2026.Meanwhile, Polymarket is seeking over $1 billion in financing, with a target valuation of $20 billion, more than doubling from the approximately $8 billion valuation during the last round of financing in 2025.

According to Cointelegraph, Hyperliquid will expand a deployer-controlled scaleWei function for HIP-1. This function can proportionally adjust the balances of a certain token among all holders, equivalent to an on-chain version of a stock split, and can also be used to handle airdrops, dividends, repricing, and reverse mergers.According to the announcement, during the execution of the rescheduling, unfilled orders will be canceled and replaced according to the effective rescheduling ratio, rounded down, while totalWei is allowed to be negative, enabling reverse rescheduling. The initiating address can be a system address from Core to EVM, or a treasury address specified and signed by the deployer.

The prediction market trading terminal Fireplace has officially announced its shutdown. The website will remain open until the end of September, during which users can close positions, withdraw funds, and export accounts.Fireplace is a professional trading terminal that aggregates markets and liquidity from prediction market platforms such as Polymarket. In February of this year, the project completed $1.5 million in Pre-Seed financing.

According to CoinDesk, U.S. Senate Majority Leader John Thune officially submitted a procedural motion for the Clarity Act after an all-night voting session on Saturday morning, initiating the first procedural voting process for the bill in the Senate. This move makes it possible for the Clarity Act to enter procedural voting immediately after the September recess, but the bill has already missed the voting window before the August recess, and passing in September still faces challenges.The Clarity Act requires at least 60 votes in support, and currently needs the backing of at least 10 Democratic senators, but there are still disagreements over the ethical clause that prohibits senior government officials (including President Trump) from participating in cryptocurrency projects. Bipartisan senators have submitted a revised proposal to the White House, but it has been on hold for at least a week without a response. Additionally, controversies surrounding illegal financial protections and stablecoin earnings remain unresolved. If the procedural vote fails in September, the chances of the Clarity Act passing this year will be extremely slim, and the new Congress in 2027 will need to reintroduce the legislation.

According to monitoring by Catcher Predict, in the prediction market Polymarket for the event "National Bank Open: Cameron Norrie vs. Alex De Minaur," the "Norrie" option in the sub-market "National Bank Open: Cameron Norrie vs. Alex De Minaur Second Set Winner" has experienced significant fluctuations in winning probability, soaring from 35.5% an hour ago to the current 60.5% (a fluctuation of 25%). Please note the impact of relevant breaking news.