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Polish Olympic Committee President Charged in Bankrupt Zondacrypto Case

The president of the Polish Olympic Committee has been charged after being arrested in an investigation linked to bankrupt digital-asset exchange Zondacrypto. Cointelegraph reported on August 28 that Polish prosecutors charged Radoslaw Piesiewicz, th

Cleveland Fed's Hammack Says It's Time for the Fed to Raise Rates

Beth Hammack, president of the Federal Reserve Bank of Cleveland, said it is time for the Federal Reserve to raise interest rates and that waiting would only bring more pain, Walter Bloomberg reported on August 28.

Analysis: Bitcoin’s Rebound Toward $80,000 Spurs More Bullish Options Bets

Bitcoin’s sharp recovery toward $80,000 is lifting sentiment in the options market, according to an analysis from Glassnode. The on-chain analytics firm wrote on Aug. 28 that Bitcoin’s rapid rebound toward $80,000 is starting to shift momentum in opt

Commerzbank Says Dollar May Face Pressure if Warsh Signals New Inflation Gauge

Commerzbank said investors should watch whether Kevin Warsh, chair of the Federal Reserve, signals the possible adoption of a new inflation gauge during a Jackson Hole speech at 11 p.m. on Aug. 28. BlockBeats reported that Commerzbank analyst Volkmar

UK Police Seize 20.21 Bitcoin Tied to Defunct Dark Web Markets

UK police have seized criminal proceeds, including Bitcoin, linked to illegal dark web marketplaces. Avon and Somerset Police said it recovered assets worth 1,032,487 pounds, or about $1.4 million, through the investigation, Decrypt reported on Augus

Bitcoin Miners Could Derive Up to 70% of Revenue From AI by Year-End

Bitcoin miners are rapidly shifting their focus to AI data center operations, according to an analysis published Aug. 28. CoinShares projects that AI and high-performance computing, or HPC, could account for as much as 70% of total revenue at Bitcoin

UK Tax Authority Says 240 Digital-Asset Investors Reported More Than £1 Million Each in Capital Gains

A total of 240 investors in the UK reported more than £1 million each in capital gains from digital-asset investments. Together, they accounted for more than half of all reported capital gains from digital assets. HM Revenue & Customs said on August

Circle Signs Front-of-Shirt Sponsorship Deal With Chelsea FC

Circle has signed a sponsorship deal with Chelsea FC, becoming the English Premier League club’s front-of-shirt sponsor. The jerseys worn by Chelsea players will feature the logo of Circle’s stablecoin, USDC, across the front. The company announced t

MANTRA Jumps 143% on Bithumb After Trading Warning as Price Gaps Widen

MANTRA, which previously suffered a security incident, surged in intraday trading. On Bithumb, the South Korean digital-asset exchange, MANTRA was trading at 14.83 won as of 8 p.m. on Aug. 28, up 142.68% from a day earlier. The token climbed as high

Ethereum Whale Buys $13.55 Million of ETH in 30 Minutes

A large investor made a heavy on-chain purchase of Ether, deploying more than $13 million to accumulate the token. On-chain analyst AmberCN said on Aug. 28 that a whale investor used 13.55 million Tether (USDT) over the past 30 minutes to buy a total

Dogecoin Forms Bull Flag; Break Above $0.09 Could Trigger 30% Rally

Dogecoin is forming a bull flag pattern on its chart, a setup that typically signals an uptrend may continue. Digital-asset analyst Ali Martinez wrote on X, formerly Twitter, on August 28 that the pattern appears to be taking shape on Dogecoin’s one-

OneKey Recreates Transaction Replacement Attack in Older Ledger Ethereum App

Hardware wallet maker OneKey has recreated a vulnerability in an older Ledger Ethereum app that could allow an attacker to replace a transaction a user intended to sign with a different one. The flaw has since been fixed. Cointelegraph reported on Au

PPP Lawmaker Proposes Delaying South Korea’s Digital-Asset Tax to 2029

South Korea’s ruling People Power Party has proposed a bill to delay digital-asset taxation set to take effect next year by an additional two years, pushing the start date to 2029. Digital Asset reported on Aug. 28 that Rep. Kim Sang-hoon of the Peop

California Legislature Passes Bill Barring Public Officials From Issuing Meme Coins

California’s legislature has passed a bill that would bar public officials from issuing meme coins. The measure now goes to the governor for final approval. Bitcoin.com and other outlets reported on Aug. 28 that California lawmakers approved AB 2409,

Pakistan Says Strategic Bitcoin Reserve Is Meant to Prepare for Future

Pakistan’s top digital-asset regulator said the country’s push to establish a strategic Bitcoin reserve is a long-term effort to prepare for changes in the future financial system. Bitcoin Magazine reported on August 28 that Bilal Bin Saqib, chairman

Markets Brace for Warsh’s Jackson Hole Debut as Bitcoin, Gold Track Fed Signals

Markets are on edge ahead of Federal Reserve Chair Kevin Warsh’s first Jackson Hole speech, with investors watching whether the Fed will back recent U.S. Treasury efforts to stabilize long-term bond prices. CoinDesk reported that Warsh is set to spea

SBI Buys 20% of Indonesia’s Ajaib Group for $270 Million to Expand in Southeast Asia

SBI Holdings Inc. is investing about $270 million in Ajaib Group, a major Indonesian online investment platform, as the Japanese financial company steps up its push into Southeast Asia’s digital-asset market, including the distribution of a yen stabl

Kospi Closes at 6,788.88, Down 1.79%

The Kospi closed below the 6,800 mark on weakness in heavyweight stocks. On Aug. 28, the benchmark index ended at 6,788.88, down 123.49 points, or 1.79%, from the previous session. Large semiconductor stocks led the decline. Samsung Electronics fell

Coinbase CEO Says US500 Perpetual Futures Hit $100 Million in Daily Volume Within a Week

Daily trading volume in the US500 index perpetual futures contract launched by Coinbase topped $100 million within a week of its debut. Brian Armstrong, Coinbase's chief executive officer, wrote in a post on X on Aug. 28 that the newly launched US500

Bdan Says Gold Prices Surge 18% in a Month as Safe-Haven Demand Grows

Busan Digital Asset Exchange, or Bdan, said Aug. 27 that major commodity prices, including gold, silver and copper, have been rising in tandem as demand for safe-haven assets expands. Bdan is a real-world-asset digital trading platform that converts

Bitplanet Says Crypto-Backed Loan Balances Fell 17% in Q2, Differing From 2022

Bitplanet Research Lab said Aug. 26 that it had published a report titled "Crypto Lending Contraction: What’s Different From 2022?" analyzing the recent deleveraging trend in the digital-asset collateralized lending market. The report said outstandin

Coinone Offers Up to $720 in Bitcoin at Waterbomb as Exchange Courts Mainstream Users

Coinone joins Waterbomb as title sponsor Experiential events expand its reach with the public Digital-asset firms push deeper into sports and festivals New shareholders add momentum to Coinone’s customer drive On Aug. 22, this reporter drove four hou

DigitalX to Waive All Trading Fees on KRW Market for One Year From Aug. 24

Digital asset exchange DigitalX said on August 23 it will waive trading fees on all listings in its KRW market for one year starting at 9 a.m. on August 24. The measure is not a temporary promotion but a yearlong customer benefit. The event will run

Coinbase CEO Says CLARITY Act Seen Securing 60-Plus Senate Votes on Sept. 15

Coinbase Chief Executive Officer Brian Armstrong said the CLARITY Act is on track to pass the Senate next month, CoinDesk reported on Aug. 21. Armstrong said he expects the bill to win support from more than 60 senators on Sept. 15. He added that he

Peter Brandt Withdraws Bearish Bitcoin Call, Says He Bought the Breakout

A prominent analyst acknowledged that his bearish call on Bitcoin was wrong. On August 21, Peter Brandt wrote on X, formerly known as Twitter, that there had been reasons to expect Bitcoin to fall, but the outlook changed once an inverse head-and-sho

Circle CEO Says Proposed US Accounting Rule Would Be a 'Game Changer' for USDC

Circle welcomed a move by the Financial Accounting Standards Board to clarify accounting standards that could allow some stablecoins to be classified as cash equivalents. On August 21, Circle Chief Executive Officer Jeremy Allaire wrote on X that the

Binance Says Two Employees Detained in UAE Were Released After Questioning

Two Binance employees were detained in the United Arab Emirates and later released. Cointelegraph reported on Aug. 21 that Binance said the employees were released after being questioned by UAE authorities as witnesses. The New York Times had earlier

BSTR Scraps US Listing Plan via SPAC Merger, Citing Market Weakness

BSTR said Aug. 21 that it had mutually agreed to terminate its merger agreement with Cantor Equity Partners I, a special purpose acquisition company, or SPAC. The company had planned to list on a US exchange through the merger with Cantor Equity Part

Standard Chartered Says $100,000 Bitcoin Target May Be Too Low, Sees Potential Record High

Bitcoin’s sharp rebound has prompted a new call that the cryptocurrency could top $100,000 by year-end and approach a record high. Geoff Kendrick, Standard Chartered’s global head of digital assets research, wrote in a report that this is the first t

South Korea Budget Office Calls for 5-Year Crypto Loss Carryforward, Higher Tax Deduction

South Korea should let investors carry forward digital-asset investment losses for up to five years and raise the basic tax deduction above the current 2.5 million won ($1,800) before digital-asset taxation takes effect in January 2027, according to