Capital B Raises $24.5 Million to Strengthen Its Bitcoin Treasury Amid Market Volatility
French company Capital B, specialized in Bitcoin vaults, announced that it raised €21.0 million, equivalent to $24.5 million, through a special share offering—a move that reflects the continued institutional bet on Bitcoin despite the uncertainty dominating the market. The round was carried out at a price of €0.58 per share within the ABSA structure, a share attached to four subscription warrants, and without preferential subscription rights. The financing included Adam Back, known in the Bitcoin community, along with the asset manager TOBAM.
California passes a bill restricting memecoin issuance by public officials
California has taken a new regulatory step toward the memecoin market after the state’s Senate approved a bill aimed at limiting public officials’ participation in this type of digital asset, amid concerns related to conflicts of interest and “pay-to-play” arrangements. The California State Senate voted in favor of Assembly Bill 2409 by a margin of 40 to 0 on Wednesday, according to Legiscan data. The state’s Assembly then voted 78 to 0 to approve the Senate amendments. The bill has therefore moved to the final approval stage and is now awaiting the Governor’s signature.
Charges in Poland link a sports official to the Zondacrypto investigation
Prosecutors in Poland have brought charges against the head of the Polish Olympic Committee, Radosław Biesiewicz, as part of an investigation related to the stalled Zondacrypto platform, in a new development that highlights how wide-ranging the probe into the collapsed platform has become. And Polish Justice Minister and Prosecutor General Zbigniew Ziobro announced in a post on the X platform on Thursday that authorities had detained Biesiewicz in connection with the investigation. He later said that prosecutors filed charges against him under two provisions of the Polish Criminal Code.
OneKey Reproduces Transaction Replacement Attack on an Older Version of the Ledger Ethereum App
The Internal Security team at open-source wallet provider OneKey said it succeeded in reproducing an exploit targeting an older version of the Ledger Ethereum app on the device, but only within a test environment. According to OneKey founder and CEO Yishi Wang, what is known as a transaction replacement attack was carried out against version 1.22.1 of the Ledger Ethereum app by exploiting a vulnerability that had previously been fixed. This type of attack allows attackers to replace the transaction the user is waiting to sign, while the original transaction is still being reviewed on the device.
BitGo acquires NYDIG’s institutional trading arm and expands its derivatives and financing capabilities
BitGo announced that it has completed its acquisition of NYDIG’s institutional trading business, a move that strengthens its presence in enterprise-focused digital asset services and adds broader capabilities to its platform in derivatives and financing. The company said the deal was completed under a definitive agreement and includes the proprietary trading relationships of NYDIG’s institutional clients, along with about 30 employees who joined BitGo after the transaction closed. The two companies did not disclose the financial terms of the deal.
The Sandbox Commits to 1:1 Compensation After a $700,000 Bridge Hack
Blockchain game project The Sandbox announced it will compensate eligible SAND holders on a 1:1 basis after a bridge hack occurred on August 21, resulting in the withdrawal of 14.744 SAND from a treasury on the Ethereum network, valued at roughly $700,000. This pledge came in a post-incident report published by the company, which stated that users who had legally held SAND connected on the Base and BNB Smart Chain networks prior to the attack would receive an amount of SAND backed on Ethereum that is equal. The compensation will be funded from the project’s treasury, without issuing any new tokens.
Mirae Asset maps out a $109 billion digital asset portfolio via Digital X
A group of South Korean financial services, Mirae Asset, is moving to expand its presence in the digital assets sector through its Digital X platform, in a plan aimed at building activity with a value reaching 150 trillion won—about $109 billion. According to the report, this plan will center on several parallel tracks that include cryptocurrencies, stablecoins, real-world assets, and security token offerings, indicating the group’s desire to turn Digital X into a broader platform than just a traditional trading platform.
Charles Schwab Adds Solana, Avalanche, and Chainlink to Its Crypto Platform
American financial services company Charles Schwab plans to add Solana (SOL), Avalanche (AVAX), and Chainlink (LINK) to its cryptocurrency trading platform in the coming months, in a move that expands its direct offering of digital assets beyond Bitcoin (BTC) and Ether (ETH). Schwab Crypto’s service began rolling out to retail clients in May, offering direct trading for Bitcoin and Ether alongside traditional investments via the Schwab website, the mobile app, and the thinkorswim platform.
Bank of England expands its mandate to include innovation in payments and stablecoins
The United Kingdom is moving to place stablecoins at the heart of a new mandate for the Bank of England, as part of a broader effort to support innovation in digital payments without compromising the priority of financial stability. The UK Treasury said the government plans to give the central bank a secondary objective of supporting innovation in payment systems and emerging forms of digital money. At the same time, financial stability will remain the Bank of England’s primary goal.
Bithumb Wins Two Initial Rulings in Erroneously-Deposited Bitcoin Dispute
Reports said that South Korea’s Bithumb platform secured an initial win in two lawsuits filed against users who sold bitcoin that was mistakenly deposited into their accounts, then refused to return the proceeds. According to the report, the Seoul Central District Court issued two rulings in favor of the platform on Wednesday and Thursday in two of four lawsuits involving the recovery of funds resulting from the mistakenly deposited bitcoin sale. One case involved a claim of 194 million won, or about $140,000, while the other related to 5 million won, or about $3,600.
Core Lightning confirms multiple vulnerabilities and recommends urgent security update
Core Lightning, one of the open-source applications of the Bitcoin Lightning network, announced that it has confirmed multiple vulnerabilities in its project and urged node operators to prepare for an upcoming security update. The development team said it had been reviewing a large number of CVE reports that were generated by artificial intelligence, and found that some of these reports were indeed valid. At the same time, Core Lightning did not disclose the nature of the vulnerabilities or their severity, did not publish their CVE numbers, and did not report any actual exploitation or related losses.
Spot Bitcoin fund flows slow to $232.1 million as BTC stays below $80,000
Net inflows into listed spot Bitcoin funds in the United States fell to $232.1 million on Wednesday, after being higher in the previous session, but they continued this streak of positive flows for eight consecutive trading sessions. According to SoSoValue data, the latest daily figure was about 26% lower than Tuesday’s flows of $314.4 million, and it also marked the lowest daily level since August 18. During this eight-session run, the funds attracted about $2.8 billion.
Chainalysis: Taxable Crypto Activity Exceeds $457 Billion and the OECD Framework Covers Only 14%
Chainalysis analytics company estimated that global crypto activity that could be subject to taxation reached at least $457 billion in 2025, at a time when it suggests that international tax reporting rules may capture only a limited portion of this activity. According to the report, the United States led with an estimated volume of $112.6 billion, while North America overall topped $134.6 billion, followed by the European Union at $125.1 billion.
SEC Sends Review of Digital Asset Custody Rules to the White House
The U.S. Securities and Exchange Commission (SEC) is moving to update custody rules for investment advisers and investment companies, a step that could give institutions greater clarity on how to hold clients’ digital assets while complying with federal securities regulations. According to available information, a draft amendment was sent on August 25 to the Office of Information and Regulatory Affairs (OIRA) at the White House Office of Management and Budget, before being returned to the Commission again; it may later be proposed for public comment if the next regulatory stages approve it.
Revolut began rolling out its first stablecoin, a token pegged to the euro and called EURR, for selected customers in Denmark, Poland, and Portugal. The company said the launch will take place in stages, later extending to other markets within the European Economic Area this year, depending on readiness related to the product, operations, and regulatory compliance.
Japan studies a “fast lane” for blockchain to settle securities in cash
Japan is moving toward studying a blockchain-based system aimed at enabling instant cash settlement for stock transactions and Japanese government bonds at any time of day, a step that could reshape settlement infrastructure in the domestic financial markets. According to local reports, Japan’s Financial Services Agency, the Ministry of Finance, and the Bank of Japan, along with financial institutions, plan to form a study group this summer. The group will determine how to build blockchain-based infrastructure, allocate responsibilities between public bodies and financial institutions, and then prepare a development plan by the beginning of 2027.
Roman Storm retrial postponed to April 2027 as the acquittal request remains under review
Roman Storm’s retrial, the co-founder and affiliated developer of Tornado Cash, has been postponed from October 26, 2026 to April 26, 2027, in a move that reflects the continued legal complexity of the case while the acquittal request remains pending before the court. The decision came in an order issued by U.S. District Judge Katherine Polk Failla on Tuesday, in which she stated that the adjournment was “in light of” Storm’s pending request for acquittal, along with his related request for an additional extension before any new trial.
Bitcoin ETF funds continue their flow wave, narrowing their annual shortfall
Spot Bitcoin ETF funds listed in the United States continued to attract inflows for the seventh consecutive day, after recording net inflows of $314.37 million on Tuesday. With this performance, the total inflows during August rose to $3.03 billion. SoSoValue data indicates that this figure is now only $390 million away from total October 2025 inflows, with four trading sessions remaining in the month. If the current pace continues, August could become the funds’ strongest month since then.
Las Vegas company owner faces up to 280 years after a $24 million crypto scheme
A businessman in Las Vegas faces a sentence that could reach 280 years in prison after being convicted by a federal jury of running a Ponzi scheme in the crypto sector that raised $24 million and left his victims with losses including at least 400 investors. The U.S. Department of Justice said Brent Kovar was convicted on Monday after a nine-day trial, on 11 counts of wire fraud, two counts of mail fraud, and two counts of money laundering.
Standard Chartered becomes the first bank to distribute HKDAP in Hong Kong
Standard Chartered Bank (Hong Kong), known by the abbreviation SCBHK, has become the first bank to receive authorization to distribute HKDAP, a regulated dollar-backed stablecoin issued by Anchorpoint Financial. The move comes as part of a gradual expansion of HKDAP’s use within traditional banking channels, about two weeks after Anchorpoint began providing experimental access via HashKey Group and OSL. The bank said it is engaging with institutional clients and eligible partners to explore use cases including settlement of tokenized funds, treasury operations, and cross-border payments.
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