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The French Council of State rejected the urgent application filed by the cryptocurrency companies Bull Bitcoin and Paymium, refusing to immediately suspend the implementation of the French decree enforcing the EU Directive on Administrative Cooperation No. 8 (DAC8).The applicants argued that the centralized collection of personal and financial data from digital asset users could lead to data breaches, extortion, and personal safety risks. The court found that the applicants failed to demonstrate an urgent situation sufficient to support an emergency suspension. The lawsuit seeking to fully revoke the decree by Bull Bitcoin is still under review. DAC8 will take effect in the EU on January 1, 2026, and registered service providers must complete their first declaration for the year 2026 by September 30, 2027.

On September 14, 2026, Judge Arun Subramanian of the United States District Court for the Southern District of New York issued an opinion and order denying the plaintiff's motion for a preliminary injunction. The case number is 1:26-cv-05474-AS, with the plaintiffs being market makers Susquehanna Securities, LLC and Susquehanna Investment Group, and the intervenor being market maker Citadel Securities LLC, while the defendants are John Does 1 through 100. The plaintiffs filed the lawsuit on June 29, 2026, claiming violations under Section 20A of the Securities Exchange Act of 1934 and unjust enrichment claims.The plaintiffs allege that the defendants traded on significant non-public information, specifically an announcement on May 22, 2026, regarding "the Chinese government's crackdown on cross-border trading platforms," which led to a collapse of the relevant securities. The plaintiffs sought a preliminary injunction to restrict the 40 defendants, as reduced, from transferring, encumbering, removing, or otherwise disposing of the profits obtained through the alleged insider trading activities in their accounts at third-party brokerage firms, or sought a seizure order. The court found that the plaintiffs failed to demonstrate the elements necessary to prove that they may suffer irreparable harm, and the motion was denied.

A federal judge in the United States ruled on the antitrust case against Google's advertising technology business, rejecting the U.S. Department of Justice's proposal to "break up Google's advertising technology business."

According to foreign media reports, Samsung Electronics and SK Hynix rejected a prepayment proposal for electricity bills put forward by the Korea Electric Power Corporation. The proposal originally required the two companies to pay electricity bills in advance to fund the construction of the power grid for a new technology cluster. Utility companies across Asia are struggling to keep up with the growing demand from the semiconductor and artificial intelligence industries due to tight funding.The Korea Electric Power Corporation's proposal is estimated by local media to total 250 trillion won, equivalent to five years' worth of electricity bills. A spokesperson for the Korea Electric Power Corporation stated via text message, "The two companies ultimately rejected the proposal from the Korea Electric Power Corporation." According to local media reports, the two chip manufacturers are concerned about the uncertainty of whether the current semiconductor boom can be sustained over the next five years.

According to a report by Reuters, British judge Samuel Goozee dismissed the extradition defense of former Saitama CEO Manpreet Kohli on August 19 and transferred the case to the UK government to make a decision on the US extradition request. Kohli can still appeal, and the extradition has not been finalized; he is currently released on bail set at £200,000 (approximately $272,400).US prosecutors have charged Kohli with wire fraud, market manipulation, and related conspiracy, as well as operating an unlicensed remittance business, involving the Ethereum-based token Saitama, which once had a market value of about $7.5 billion. Kohli defended himself by arguing that the US could not adequately handle his mental health and the risk of suicide during detention, but the judge believed that the transfer and the safeguards of the US prison system could reduce the risk to an acceptable level. Previously, a federal judge in Boston had also dismissed his motion to dismiss the charges.The case stems from the "Operation Token Mirrors" investigation initiated by the US Department of Justice in October 2024, involving fraud and wash trading. Prosecutors allege that 18 individuals, including Kohli, coordinated multiple wallets to purchase tokens and paid ZM Quant and Gotbit to conduct wash trading on several exchanges, with Kohli suspected of profiting about $20 million. Gotbit has admitted to manipulating token prices and trading volumes and was ordered to pay $23 million in June 2025, while its founder Aleksei Andriunin was sentenced to 8 months in prison.

A federal judge in Michigan rejected Coinbase's request for a preliminary injunction to block state enforcement of sports event contracts. U.S. District Judge Shalina Kumar of the Eastern District of Michigan ruled on Thursday that Coinbase failed to demonstrate that its claims were likely to succeed on the merits of the case, namely that federal law takes precedence over Michigan's jurisdiction.The cryptocurrency exchange sued the state of Michigan in December 2025, claiming that prediction markets fall under the exclusive jurisdiction of the Commodity Futures Trading Commission (CFTC) under the Commodity Exchange Act (CEA), rather than state regulatory agencies.Coinbase specifically sought to provide access to event contracts issued by Kalshi for customers on its platform, including those in Michigan. According to the complaint, the exchange claimed that Michigan's laws constitute a "conflict of priority," as these laws undermine Congress's efforts to establish a unified federal regulatory framework.

The U.S. District Court for the Eastern District of Wisconsin dismissed the CFTC's request for a preliminary injunction to prohibit Wisconsin from enforcing sports-related event contracts on platforms such as Kalshi, Coinbase, Robinhood, Polymarket, and Crypto.com. The court found that the CFTC failed to demonstrate a likelihood of success on its claim—that the Commodity Exchange Act (CEA) defines "swaps" to include sports event contracts—and that gambling regulation falls within the traditional police powers of the states, with federal law not clearly indicating an intent to preempt state law.Additionally, the court also denied the intervention requests from Kalshi, Crypto.com Derivatives North America (CDNA), and the American Gaming Association (AGA). The substantive litigation between the CFTC and the state of Wisconsin will continue to proceed.

According to Bitcoin.com, a U.S. federal court has rejected CoinFlip and Private IT Corporation's request for an emergency temporary restraining order against the cryptocurrency ATM ban in Tennessee, which took effect on July 1. The court found that the plaintiffs failed to meet the legal standards for an emergency injunction, stating that although the businesses demonstrated they would suffer economic losses, it was not sufficient to outweigh the public interest represented by the state legislation.Tennessee Attorney General Jonathan Skrmetti stated that cryptocurrency ATMs are "tools for scammers targeting vulnerable residents, rarely used in any scenario approaching a legitimate purpose." The law classifies the installation or operation of cryptocurrency ATMs as a Class A misdemeanor. Tennessee, Indiana, and Vermont have fully banned cryptocurrency ATMs, Delaware is considering a similar ban, and North Carolina and Virginia have enacted stricter regulations. The constitutional challenge in the case will continue to progress, and the final ruling will determine whether the ban can be sustained in the long term.

According to two informed sources, Binance's license application submitted in Greece is expected to be rejected by regulators, which may result in the loss of its eligibility to provide services to customers across the European Union. Reports indicate that if the license application is ultimately denied, Binance's compliance strategy in the EU market will face significant challenges. However, as of now, the relevant decision has not been officially announced.

According to the Wall Street Journal, Forward Industries has confirmed that it submitted a non-binding acquisition proposal to the board of directors of Solana Company (HSDT), planning to merge the businesses through an all-stock transaction.The company stated that the proposal aims to promote business integration between the two parties and believes that initiating formal dialogue is in the common interest of both companies and their shareholders. However, the HSDT board voted on June 12 to reject the acquisition offer and stated that it would not engage in further discussions regarding the proposal. Forward Industries expressed "disappointment and surprise" at this decision and reiterated its hope that both parties could reopen communication.Analysts believe that this incident reflects the current divergence between Solana ecosystem-related companies regarding capital integration and independent development paths, and it remains to be seen whether there will be renegotiations or other capital actions in the future.

According to Reuters, the appeal request by former FTX CEO Sam Bankman-Fried to overturn his fraud conviction and 25-year prison sentence has been rejected. This result means that his previous fraud case conviction and sentence remain unchanged.

According to a report by Reuters, three sources revealed that the European Central Bank warned EU finance ministers on Friday that proposals to issue more euro stablecoins could reduce bank lending and make interest rate control more difficult. The Brussels-based economic think tank Bruegel prepared a report for the EU's top financial policymakers, calling for a relaxation of liquidity requirements for cryptocurrency issuers and possibly allowing them to access funding support from the European Central Bank. The aim is to develop the stablecoin market in Europe, which is currently dominated by dollar tokens.However, sources said that other central bank officials, including European Central Bank President Christine Lagarde, immediately opposed this. They are concerned that such measures would make bank deposits more unstable, weaken this sector that is crucial to the economy, and reduce the central bank's ability to regulate interest rates.

According to Cryptopolitan, the Finance Committee of the German Bundestag rejected a proposal by the Green Party to increase cryptocurrency taxes, which aimed to eliminate the tax exemption for selling cryptocurrencies held for more than a year. Currently, German law stipulates that profits from the sale of cryptocurrencies held for more than a year are exempt from capital gains tax. The Green Party believes this regulation is unreasonable and argues that crypto assets should be treated equally to other investments.However, critics point out that the proposal would impose a higher tax burden on crypto investors compared to regular stock investors. The Christian Democratic Union/Christian Social Union in the ruling coalition believes the proposal does not close loopholes and may instead create new ones. The Social Democratic Party prefers to wait for the finance minister to present their own plan. The Green Party estimates that eliminating the tax exemption could generate approximately 11.4 billion euros in additional tax revenue each year.

According to market news, eBay has rejected GameStop's acquisition offer of approximately $56 billion, stating that it is "neither credible nor attractive."Previously, on May 4, GameStop proactively proposed to acquire the online trading platform eBay for about $56 billion. GameStop's CEO Cohen stated that the company holds about 5% of eBay's shares and proposed to acquire it for $125 per share in cash and stock. If eBay does not accept this proposal, Cohen is prepared to initiate a proxy battle and submit the proposal directly to shareholders.

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.

According to market news, Hyperliquid founder Jeffrey Yan received an investment intention based on a valuation of about $1 billion and a scale of about $100 million less than a year after the project went live. However, after careful consideration, he ultimately chose to reject the investment terms.Reports indicate that before and after the financing proposal was made, the team had been continuously using personal funds to maintain operations, consuming the founder's personal finances each month to cover project costs. During the investor's engagement, Jeff communicated with several entrepreneurs and VCs about the nature and significance of financing, but he was never convinced that external capital could enhance its intrinsic value. Ultimately, he clearly informed the team on Monday that he would reject the financing proposal.Relevant insiders described that the team members managing funds were shocked by this decision, as several preparations had already been made around the financing. Jeff's core reason was that Hyperliquid is not a traditional company but an on-chain protocol that needs to maintain neutrality. He believed that once external equity capital was introduced, it could undermine the protocol's permissionless and neutral positioning, conflicting with its long-term design goals.He had previously stated that if Bitcoin had accepted VC financing in its early days, its neutrality narrative might have been weakened. Following the same logic, he chose to continue maintaining Hyperliquid's investor-free structure and to support part of the operating expenses with personal funds in the long term. On January 28, 2024, he summarized the project's principles on social media: · No investors · No paid market makers · No fees charged to the development team (or the development team does not take fees) · No insiders (or internal privileged participants). This statement is also seen as a core footnote to Hyperliquid's extreme decentralization/decapitalization approach.

The U.S. Department of Justice (DOJ) has expressed clear opposition to the latest request by Tornado Cash co-founder Roman Storm to dismiss criminal charges, stating that the recent Supreme Court ruling is unrelated to this case and should not serve as a basis for dismissal.Storm's attorney previously informed the court that he intends to cite a new Supreme Court ruling (involving a civil case of copyright infringement) to support the motion to dismiss. However, U.S. prosecutors pointed out in a letter to the federal judge that the ruling addresses a situation and industry completely different from the current criminal charges and therefore should not affect the handling of this case.This legal battle reflects the contradictory stance of the Trump administration towards the cryptocurrency sector: on one hand, the U.S. government has shown a relatively supportive policy inclination towards cryptocurrency, while on the other hand, it still insists on pursuing criminal liability against certain cryptocurrency project developers. Given the current situation, Storm may still face a retrial, and the case is expected to enter the courtroom again.

Judge Lewis Kaplan of the Federal Court for the Southern District of New York ruled to deny the motion to dismiss filed by the defendants in the TradeAI/Stakx case, allowing the case to proceed.The case was brought by the cryptocurrency law firm Burwick Law, accusing multiple defendants of operating a fraudulent scheme resembling a Ponzi scheme using NFTs and cryptocurrency investment pools, promising high returns to investors. The estimated losses have exceeded $20 million, with a total scale of approximately $440 million involved. The court rejected all defense arguments from the defendants regarding jurisdiction, venue, and service of process.Regarding defendant Cyrus Abraham's refusal to respond to the lawsuit on the grounds of technical defects in the service of process, the judge clearly stated that litigation is not a game of hide and seek, requiring Abraham to disclose his current residential address to the plaintiff's law firm by March 31, or he would face a default judgment and further sanctions. The court also officially extended the deadline for service to April 22 and has allowed alternative methods of serving legal documents through Ethereum wallets, email, and social media.

According to market news, the Seoul Central District Court in South Korea rejected the temporary injunction application filed by the Flow Foundation and Dapper Labs against Upbit, Bithumb, and Coinone, which aimed to suspend the decision of the three exchanges to terminate support for FLOW trading.Previously, these three exchanges decided to terminate trading support for the Flow token due to the FLOW hacking incident that occurred in February. The court found that there was currently insufficient evidence to suspend the delisting decision, and the exchanges' judgment regarding unresolved risks was not obviously erroneous, emphasizing the need to protect potential investors. FLOW can still be traded on the South Korean crypto exchange Korbit, but it was delisted as scheduled by Upbit, Bithumb, and Coinone at 3 PM local time.

According to Bloomberg, U.S. prosecutors stated that FTX co-founder Sam Bankman-Fried's request for a retrial should be denied because he failed to prove that his conviction was unjust.SBF is serving a 25-year prison sentence after a jury found him guilty of fraud and conspiracy in connection with the collapse of the FTX cryptocurrency exchange in 2023.