CFTC hands down multi-year trading bans! FTX ex-executives plead guilty and cooperate with the investigation, avoiding civil penalties
By Kurumi, Crypto City As the FTX case wraps up, Ellison and Wang are hit with trading bans by the CFTC Two former core senior executives who had assisted U.S. prosecutors in bringing down FTX founder Sam Bankman-Fried (SBF) have now achieved an important breakthrough in a regulatory case. On August 19, the U.S. Commodity Futures Trading Commission (CFTC) completed the civil enforcement proceedings against Caroline Ellison, the former CEO of Alameda Research, and Gary Wang, a co-founder of FTX. Both face multi-year trading and registration bans. Pursuant to a supplemental consent order approved by the U.S. District Court for the Southern District of New York, both Ellison and Wang are banned from trading commodities and related products under the CFTC’s jurisdiction for five years. Ellison also faces a 10-year CFTC registration ban, while Wang’s is for eight years.
Coinbase CEO bets on a return of the bull market: Bitcoin could reach $400,000, and the passage of the bill will ignite the market
Author: Kurumi, Crypto City Is the bear gone? Coinbase CEO: Bitcoin could hit $400,000 by 2030 American listed cryptocurrency exchange Coinbase CEO Brian Armstrong recently, when accepting an interview on the (Fox Business) program, optimistically predicted that by 2030 Bitcoin is “very likely” to reach the $300,000 to $400,000 mark. Armstrong said that after about a year of a bear market, the Bitcoin spot trading market has now reached a time point quite close to the average correction cycle of 370 to 380 days in past bear markets. The market generally expects that the bear market is nearing its end and that a new bull market is about to begin.
U.S. OCC Accelerates Stablecoin Regulatory Framework! Aims to Finalize the GENIUS Act’s Final Rules in November
Author: Max, Crypto City OCC aims to complete the final rules in November, ushering stablecoin regulation into the implementation stage The U.S. stablecoin regulatory framework is rapidly moving into practical implementation. On August 19, Jonathan Gould, Comptroller of the Currency at the Office of the Comptroller of the Currency (OCC), said that the OCC aims to complete the main final rules of the (GENIUS Act) this November, to build a more comprehensive federal regulatory framework for payment stablecoins. Gould said at the Wyoming Blockchain Symposium held in Jackson Hole, Wyoming, that the OCC has already begun drafting the relevant rules in advance. It is currently compiling industry feedback on the proposals and hopes to complete the final version according to the established schedule.
Ethereum finally “recovers”! ETH returns above the golden line—what’s different about this rebound?
Author: Nancy, PANews After more than three months, Ethereum’s price has finally crossed the $2,300 mark. Externally, a rebound in macro risk appetite, improved regulatory expectations, and short-squeeze dynamics have provided direct impetus for ETH’s rally; internally, spot ETFs continue to attract inflows, institutional allocations are accelerating, and the scale of ETH staking continues to climb, all of which are steadily improving the market’s medium- to long-term outlook for Ethereum. Ethereum’s strong “recovery” — for the first time in this bear market, it stands above the golden line. E guard, we finally waited for Ethereum’s strong “recovery.” According to CoinGecko data, as of August 21, the price of ETH has risen to around $2,354, returning to early-May levels this year.
Mainnet Hit by Vulnerability Attack, Forced Shutdown: $MANTRA Token Plunges 18%, Sets a New Historical Low
MANTRA Chain, which focuses on putting traditional financial assets like funds and bonds on-chain, suffered a vulnerability attack earlier today (21). Before the network went down, its native token $MANTRA briefly plunged 18.5%, hitting a historical low. After that, the entire blockchain network was forced to shut down completely and stop producing blocks. Even transactions, deposits/withdrawals, and cross-chain functions were affected, triggering widespread panic in the market. According to CoinGecko data, $MANTRA this morning slid from $0.005060 all the way down to a low of $0.004126. It later rebounded to around $0.0044, but the 24-hour drop still reached 10%. At the same time, token trading volume surged nearly 600% to about $24 million.
The U.S. Treasury’s “strong medicine” to rescue the market sparks a bull-market rally! Strategist: Bitcoin could hit $180,000
The U.S. Treasury announced an increase in the size of long-term bond repurchases to curb a surge in borrowing costs, boost market risk appetite, and spur Bitcoin to accelerate rapidly, surging to over $79,000 at one point today (the 21st). The chief macro strategist, Mark Connors, believes that expanding U.S. Treasury bond repurchases could help ease the heavy selling pressure that has weighed on the crypto market for a long time, and he expects Bitcoin to move toward $180,000. Bosent said in an interview with CNBC: “We want the market to know that current bond yields do not reflect the true fundamentals, and the government still has many policy tools at its disposal.”
Congress stuck? We’ll do it ourselves! U.S. CFTC Chairman issues a call to action to prepare to independently set crypto regulatory rules
U.S. Commodity Futures Trading Commission (CFTC) Chairman Mike Selig said on Thursday that if Congress cannot pass the (Digital Asset Market Clarity Act (CLARITY Act)), the U.S. CFTC will use its existing authorities to personally develop alternative regulations for the cryptocurrency market. Mike Selig pointed out at the first meeting of the Innovation Advisory Committee that if the Senate is unable to successfully pass the (CLARITY Act), the U.S. CFTC will set up a dedicated regulatory label for the crypto asset market (CMA) company. Conceptually, this is similar to the CFTC’s existing "Designated Contract Market (DCM)" system. He said:
Trump Meets Wall Street and Crypto Leaders at the White House, Confident the ‘CLARITY Act’ Will Be Approved Next Month
U.S. President Trump held a closed-door meeting at the White House Oval Office on Wednesday with executives from the cryptocurrency industry and traditional finance. Those present said Trump has shown considerable optimism about the (CLARITY Act), and the U.S. government is working to push the bill through Congress as soon as next month. On Wednesday afternoon, after President Trump held a press conference with technology industry leaders and the heads of federal regulatory agencies, some corporate executives were invited into the Oval Office. Earlier at the press conference, Trump said regulators are studying how to enable Hyperliquid to enter the U.S. market legally, and he urged Congress to pass a “fair version” of the (CLARITY Act).
Bitcoin Breaks Through $75,000! Analysts Warn: This Rally Is “Too Early”
Today (21st), Bitcoin briefly broke through $75,000, setting a new high in more than three months. This surge show—driven by liquidity released by the U.S. Treasury, favorable policy news, and a “short-squeeze” rally—has caused the bears to suffer losses amounting to billions of dollars. However, even as the market celebrates, some analysts warn that there is a risk of overinterpreting the current rally. Is this rebound just a flicker of false strength, or the true starting point of a bull market? According to CoinGecko price data, Bitcoin has currently fallen to $74,533, with a 24-hour increase of 8.1%.
Computing power is wealth! Mark Cuban predicts: AI chips will become the new generation of crypto assets
Author: Fenrir, encrypting the city Cuban predicts chips will become the next "cryptocurrency" Billionaire investor Mark Cuban once again made bold predictions about the artificial intelligence industry. On August 16, Cuban posted on the social media platform X, saying, "Chips as an asset class will become the new cryptocurrency," and believes that as the AI industry rapidly expands, high-end AI chips and the underlying computing power may gradually form a new asset market. Chips as an asset class will be the new crypto — Mark Cuban (@mcuban) August 15, 2026
How to Spot a North Korean Hacker? Foreign Reporter’s Interview Transcript: The Moment a Single “Do You Dare to Insult Kim Jong-un?” Gives It Away
Author: Ariel, Crypto City On a Friday afternoon in the U.S. East Coast time zone, a seemingly ordinary encrypted company remote interview quietly got underway. The HR specialist “Sophie Wang” on one end of the screen—her real identity is Laura Shin, the CEO of (Unchained) media. She is a Korean-American media professional who has for years tracked cybersecurity threats from North Korea, and whose ancestors were a group of “defectors” who fled Pyongyang. On the other end of the video, a young engineer “Justin Lim” logged on precisely for the interview at local time 4 a.m., fighting sleepiness—but he is highly likely to be in Russia’s Vladivostok, and has been implicated in stealing $2.7 million as a North Korea–level hacker.
Musk’s X plans to introduce “stablecoin payments”; creators’ posts could directly earn USDC
Under the leadership of Elon Musk, social media platform X is taking another key step into the cryptocurrency space. To address global content creators’ pain points with cross-border payments, X is actively exploring the adoption of stablecoins as a new channel for revenue sharing. (CoinDesk) Citing sources familiar with the matter, it said that X is evaluating how to use stablecoins such as USDC to pay creators and users who publish content on the platform with revenue-sharing compensation. The source is also currently helping other community platforms test stablecoin payment features. They pointed out that discussions regarding X’s stablecoin payment feature are still ongoing.
Hits a Nearly 3-Month High! U.S. Bitcoin Spot ETFs See a $517 Million Net Inflow in One Day
After months of sluggish consolidation, the cryptocurrency market has finally seen a strong rebound! On Wednesday, U.S. Bitcoin spot ETFs showcased a “money-pooling” play, with a net inflow of $517 million in a single day—injecting fresh confidence into the market and setting the highest net inflow record in over three months. According to data analytics platform SoSoValue, among the 12 Bitcoin spot ETFs in the U.S., 8 have recorded net capital inflows. Among them, IBIT under asset management giant BlackRock performed the best, pulling in $284 million on the day. ARKB, launched jointly by ARK Invest and 21Shares, and FBTC from Fidelity followed closely, attracting $77.7 million and $62.4 million respectively. This is the largest single-day net inflow for Bitcoin spot ETFs since May 4 of this year.
Bitcoin Breaks Through $70,000! Nearly $2.7 Billion in One-Day Short Liquidations, Setting the Highest Record Since 2021
Bitcoin today (20th) has rebounded strongly, breaking through the $70,000 mark, but it has also cost investors who previously placed large short positions dearly. CoinGlass data shows that in just the past 24 hours, approximately $3 billion worth of short positions were forcibly liquidated, setting the largest single-day short liquidation volume since records began in 2021. According to CoinGlass data, over the past 24 hours, more than 183,000 traders were liquidated, with the total amount liquidated across the market reaching $3.264 billion. Of this, short positions accounted for about $3 billion, while long liquidations were only about $263 million.
Taiwan’s electronics and semiconductors—competing globally! The AFA Summit focuses on how fintech, AI, and stablecoins can boost the supply chain
With the rapid development of artificial intelligence (AI), semiconductors, and the digital economy, global supply chain competition is no longer determined solely by production and logistics efficiency. The ability for cross-border payments, financing, data exchange, and financial infrastructure to operate in sync is also gradually becoming an important part of enterprise resilience. FinTechOn 2026 and the Asia FinTech Alliance Summit (AFA Summit) will be held in Taipei at the Far Eastern Shangri-La Hotel on September 2–3. Building on last year’s discussions, this year will continue to focus on “Fintech × Global Supply Chain,” exploring in depth how fintech helps improve the efficiency of cross-border capital flows across the global supply chain, strengthens risk management, and promotes regulatory and industry collaboration among Asian markets. For details, please visit: https://www.tftafintechon.com/
Trump says the CFTC is helping Hyperliquid legally enter the U.S., with HYPE jumping more than 22%
U.S. President Donald Trump said that Michael Selig, chairman of the U.S. Commodity Futures Trading Commission (CFTC), is helping the sustainable contracts trading platform Hyperliquid enter the U.S. market in a "fully compliant, lawful" way. After the news broke, Hyperliquid's native token HYPE surged, with a daily gain of more than 22%. At a press conference held on Wednesday with technology industry leaders and several heads of federal agencies, Trump said that the U.S. CFTC is working to bring sustainable contract platforms to the U.S. market. He said: As far as I know, Mike (Selig) is also working to bring Hyperliquid into the United States in a fully compliant and lawful manner.
Bitcoin Breaks Above $70,000 for the First Time in 2 Months! Trump Backs Crypto Legislation, Liquidity Rebound Powers the Move
After a long period of sideways consolidation, the cryptocurrency market has finally seen a breakout. Earlier today (the 20th), Bitcoin briefly surged above the $70,000 mark, setting a new high in more than two months. Behind this sharp rally are a convergence of positive factors: strong encouragement from policy, fresh liquidity injected by the U.S. Treasury, and technical breakouts, among others. Although the latest Federal Reserve (Fed) meeting minutes still delivered hawkish signals, data from multiple indicators suggests that the market’s prolonged 11-month correction period may be nearing its end. So what exactly ignited this bullish counteroffensive? Benefiting from U.S. President Donald Trump’s strong urging for Congress to pass a bill on the structural regulation of the cryptocurrency market, along with signs that liquidity in the U.S. Treasury market has improved, Bitcoin earlier briefly touched $70,000 on Coinbase. It then dipped slightly, but in the past 24 hours, its gain has still exceeded 7%.
He Warned of an AI Bubble! Arthur Hayes Becomes CEO of Flop, Betting on the AI Agent Economy
Author: Nancy, PANews On August 18, a new project called “Flop” quickly drew attention from the crypto community on social media, with the “fur-hunting” crowd rushing to apply. The person behind the scenes is none other than crypto veteran Arthur Hayes. That evening, Hayes suddenly posted on X announcing that he would “end his retirement” and take on the role of CEO of the new project Flop Labs. Having previously led the crypto derivatives giant BitMEX, after stepping away from frontline operational roles, he has been more active in the market as an investor and crypto commentator, continually providing his judgments on the overall economy and industry trends. Now back in action, Hayes has not returned to the trading arena he knows best; instead, he has set his sights on the AI Agent economy.
Want to watch 《The Odyssey》? Don’t download it blindly! Pirated copies hide malware—hackers steal passwords and drain crypto wallets
Author: Kurumi, encrypted city Fake 1080p and Blu-ray movie files, with malicious code hidden inside With the release of Christopher Nolan’s new film (Odyssey) (The Odyssey), hackers have also begun using the movie’s popularity to spread malware. Cybersecurity firm Bitdefender found that multiple download files disguised as pirated versions of (Odyssey) have appeared online; their actual contents are Lumma Stealer trojans designed to steal passwords, browser data, and cryptocurrency wallet information. Researchers found that malicious files intentionally use common pirated movie labels such as “1080p,” “2160p,” “WEBRip,” “Blu-ray,” and “H264” to mislead users into thinking they are downloading high-definition movies. Some file names even add popular torrent keywords like EZTV to increase their credibility.
Crypto market liquidity continues to contract. According to CryptoQuant data, the stablecoin reserves parked on centralized exchanges (CEXs) have now fallen to about $64 billion, down roughly $16 billion from the peak of nearly $80 billion at the end of 2025—a decline of 20%. This means that the idle funds available in the market at any time to be deployed for trading and to absorb buy-side demand are decreasing, while the remaining liquidity is accelerating toward a concentration in a small number of exchanges. In particular, Binance alone accounts for as much as 68.5% of stablecoin liquidity across all exchanges. CryptoQuant’s research team pointed out that compared with peers facing a significant capital outflow trend, Binance’s liquidity performance appears clearly “more resilient.” Stablecoin balances on major platforms such as Coinbase, Bybit, and OKX have all shrunk dramatically.