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According to POLITICO Pro, U.S. President Trump held a closed-door meeting with advisors on Friday regarding the ethical provisions for government officials in the Senate's proposed cryptocurrency bill, the Clarity Act. The bill is set for a crucial procedural vote in the Senate next Tuesday, with Senate Democrats demanding the inclusion of ethical constraints applicable to government officials to limit Trump's ability to profit from his family's cryptocurrency business. It is currently unclear who attended the meeting with Trump and what the conclusions were.Trump's senior cryptocurrency policy advisor Patrick Witt posted a positive signal on X on Saturday, stating, "Today is a bad day for the naysayers of the Clarity Act."The ethical provisions have been one of the key obstacles the Clarity Act faces in the Senate, with significant bipartisan disagreements over whether enforcement authority should be led by the Department of Justice or state attorneys general. The procedural vote next Tuesday will test whether the two parties can reach a compromise on this core dispute before the Senate recesses.

According to Forbes, Patrick Witt, the executive director of the Digital Asset Advisory Committee of President Trump, told Semafor that the window of opportunity for the Clarity Act is closing, and if the procedural vote next week fails, "no one can say when the bill will have another chance."Witt stated that a failed motion vote will not yield the desired results for anyone and called for bipartisan support for the bill: "Join this bill, and let's continue the conversation." The bill is scheduled for a procedural vote on September 15.

Former Alameda Research CEO Caroline Ellison has joined the nonprofit organization Manifund. Manifund co-founder Austin Chen stated that Ellison will be responsible for developing the organization’s donation platform and enhancing its charitable work. Ellison has been on a trial basis at the organization since July, transitioned to full-time in August, and has been posting work updates under the alias "Carol."Ellison pleaded guilty in December 2022 to fraud and conspiracy charges related to the collapse of the FTX exchange in 2022, which resulted in billions of dollars in customer losses. She cooperated with prosecutors and testified against FTX founder Sam Bankman-Fried, who was sentenced to 25 years in prison. Ellison is set to begin serving a two-year sentence in November 2024 and will be released early in January 2026 for cooperating with the investigation.Chen stated in a post, "I believe in redemption. Caroline has acknowledged her mistakes, is working to repay creditors, and has served time in prison. I hope the world can recognize that too." Ellison expressed excitement about her new position, apologized for her past actions, and thanked Austin for giving her a second chance, stating that he judges her based on her current work performance rather than her past. According to its website, Manifund focuses on artificial intelligence safety and effective altruism projects.

According to a report by CNBC citing the latest financial disclosure documents, Kevin Hassett, the Director of the National Economic Council (NEC) at the White House, holds between $1 million and $5 million in Coinbase stock as of the end of 2025. Previously, Hassett served as an advisor to Coinbase from 2021 until January 2025, before joining the White House. Since the disclosure documents only cover holdings up to the end of 2025, it cannot be confirmed whether he still holds these shares.This investment has raised concerns because the NEC plays an important role in the cryptocurrency agenda of the Trump administration. Three days after Trump returned to the White House, a digital asset market working group was established within the NEC, responsible for developing regulatory, banking, stablecoin, and tax proposals for cryptocurrencies. Hassett stated that he has avoided cryptocurrency-related matters after consulting with government ethics officials, and the White House claimed he "has always and continues to fully comply with all ethical requirements." However, former SEC ethics lawyer Kantor pointed out that this holding constitutes a "significant conflict of interest" or at least presents the appearance of a conflict. Coinbase spent millions of dollars in the 2024 U.S. elections, and its CEO maintains direct contact with Trump and senior officials.

Institutional digital asset custodian Zodia Custody's CEO Julian Sawyer announced his resignation and will take on the role of strategic advisor. In a memo sent to employees on September 10, Sawyer stated that Standard Chartered Bank's acquisition of Zodia Custody's custody business and the establishment of Zodia Solutions provided an appropriate time for him to hand over daily leadership responsibilities, and he will continue to be closely involved in company affairs.According to the memo, Zodia Custody's Chief Revenue Officer Richard Clark will lead the company’s transition to Standard Chartered Bank and will be responsible for the custody business; current executives Craig Perrin and Anoosh Arevshatian will be responsible for the establishment of Zodia Solutions. A spokesperson for Zodia Custody confirmed this personnel change. Zodia Custody is an institutional-grade digital asset custodian based in London, supported by Standard Chartered Bank and other banks, providing regulated asset custody, wallet infrastructure, staking, and over-the-counter settlement services for financial institutions, asset management companies, and others.This arrangement differs from previous plans. In May of this year, SC Ventures announced that Sawyer would serve as CEO of Zodia Solutions after the acquisition was completed. Standard Chartered Bank stated in May that Zodia's shareholders and noteholders had accepted its non-binding acquisition offer, and the custody business would be integrated into the bank's financing and securities services division, while the infrastructure platform would be spun off into Zodia Solutions, which is under SC Ventures.

Bitcoin Magazine reported that White House advisor Patrick Witt stated that they have made progress on all concerns regarding the Clarity Act bill.Witt said, "Feeling pretty good about this."

According to Bitcoin Magazine, Wall Street financial giant Cantor Fitzgerald is helping the Bitcoin sidechain and open-source decentralized network VerifiedX complete a $15 million financing round. The VerifiedX Foundation announced on Wednesday that it has raised this funding, which will be used to expand its custodial partnership with the NYSE-listed custodian BitGo and to promote the launch of its wrapped token product vBTC on centralized exchanges.Cantor Fitzgerald serves as the banking partner for this financing round, and the announcement did not disclose specific investors. VerifiedX is a Bitcoin financial operating system that offers products such as self-custody, instant settlement, programmable finance, and native Bitcoin utility. Unlike traditional wrapped tokens, when holders create vBTC, the network generates a unique native Bitcoin address within the token, allowing holders to deposit Bitcoin into that self-custody address. The tokens always remain on the Bitcoin ledger and do not leave the Bitcoin ecosystem.Cantor Fitzgerald is one of the earliest institutions on Wall Street to support Bitcoin and currently holds reserve assets for the stablecoin giant Tether's USDT product. Its former chairman and CEO Howard Lutnick served as an advisor to Trump's 2024 campaign and is currently the U.S. Secretary of Commerce.

The second episode of the Gate Stocks series is now online. Lucas Sum, the head of stock market development at Gate, shared insights on why cryptocurrency exchanges are starting to venture into the stock market and analyzed the differences between Gate and traditional brokers in terms of trading experience and asset allocation methods. Lucas Sum stated that more and more digital asset users are beginning to pay attention to stock opportunities from global companies such as NVIDIA, Apple, and Tencent. Gate integrates stocks and crypto assets into the same account, allowing users to manage different types of investment assets using the same USDT balance.In terms of trading experience, Gate Stocks supports fund transfers using USDT, enabling users to participate in stock trading without waiting for traditional bank fund settlements. In addition to regular trading hours for U.S. stocks (9:30 AM - 4:00 PM ET), it also supports pre-market and after-hours trading, with fractional shares supported down to 0.01 shares. Besides stocks and ETFs, Gate also covers investment opportunities such as stock perpetual contracts, tokenized assets, Pre-IPOs, and direct IPOs. Lucas Sum emphasized that Gate is not trying to replace traditional brokers but rather to expand the possibilities of investment platforms, bringing the global stock market directly to digital asset users.

BitMart announced the decision to appoint Alvarez & Marsal (A&M) as its financial advisor. A&M will assist BitMart and its legal advisors in assessing the company's financial condition, stakeholder-related matters, and orderly withdrawal arrangements, analyzing feasible options, and supporting the formulation of a recent action plan.With A&M officially appointed, BitMart plans to successively announce user feedback channels, opinion collection mechanisms, and specific action plans within three weeks, and will work with A&M to sort out the current business and asset status, explore various follow-up options including potential orderly business restart, while also evaluating other proposals put forward by third parties and considering user feedback.

Taiwan's Financial Supervisory Commission Chairman Peng Jinlong stated that the "Virtual Asset Service Act" was passed on June 30 of this year after three readings. The Financial Supervisory Commission is currently formulating nine subsidiary regulations, covering stablecoin-related specifications, which are expected to be announced and implemented in the first quarter of next year.With the development of technologies such as AI and blockchain, Taiwan and global financial markets are moving towards a parallel track of traditional finance, digital finance, and blockchain finance. The demand for cross-border payments, trade financing, and capital allocation in the semiconductor supply chain is heating up, and stablecoins, blockchain, and financial technology are seen as new infrastructure supporting cross-border capital flows.

The U.S. Securities and Exchange Commission (SEC) has filed civil lawsuits against 38 entities, accusing them of making significant false statements in the Form ADV documents submitted between 2025 and 2026, in order to present themselves as legitimate U.S. investment advisors and attract retail investors.The defendants include several entities involved in cryptocurrency business, such as CryptoOrbit, Ftaexchange, Pinnacle Crypto Exchange, Quantum Financial Institute, and RBH Infinity Exchange. The SEC has removed the relevant ERA filings of the aforementioned 38 entities from its website and is seeking a permanent injunction and civil penalties.

On-chain analyst Specter revealed that a series of address poisoning attacks occurred on the Tron network over the past 4 weeks, resulting in a total loss of approximately $9.4 million for 15 victims. Among them, two victims had $2.5 million stolen each, while another lost $2 million.After the attackers succeeded, they quickly exchanged all the stolen assets for the stablecoin USDD and transferred them to a collection address, where all the funds remain. Specter urges Tron ecosystem wallet service providers to take interception measures as soon as possible and reminds users to carefully verify addresses when making transfers.

According to The Block, Las Vegas businessman Brent Kovar was convicted by a jury for his involvement in a $24 million cryptocurrency Ponzi scheme and faces a maximum of 280 years in prison.The U.S. Department of Justice stated that Kovar used investor funds to operate Profit Connect and repaid old investors with new funds under the guise of mining profits.

According to News.bitcoin, the Financial Supervisory Service of South Korea has launched a real-time artificial intelligence platform to detect cryptocurrency price manipulation. One of the core functions of this system is its ability to identify short-term price manipulation by referencing a historical database of known market abuse strategies.The Financial Supervisory Service of South Korea will next expand this system to track cross-exchange capital flows and on-chain blockchain activities.

According to monitoring by PeckShieldAlert, the address marked as Bofur Capital suffered an address poisoning attack after withdrawing from Compound, resulting in a loss of approximately 2 million USD.The phisher sent a dust transaction of 0.0002 USDC, forging a similar address. The victim mistakenly used the wrong address when copying and pasting, leading to the theft of funds. The stolen funds have been exchanged for approximately 2 million DAI.

According to monitoring by Catcher Predict, in the prediction market Polymarket for the event "Cincinnati Open: Sara Bejlek vs. Madison Keys," the "Sara Bejlek" option in the sub-market "Cincinnati Open: Sara Bejlek vs. Madison Keys" has experienced a dramatic fluctuation in winning probability, soaring from 19.5% an hour ago to the current 82.5% (a fluctuation of 63%). Please note the impact of related breaking news.

According to Caixin, the Hong Kong Court of Appeal yesterday rejected the sentence reduction application of the mastermind behind the electric fraud and human trafficking, Ma Zhihao, and upheld the original sentence of 56 months in prison. During the investigation of the case, the Hong Kong police tracked the criminal funds through blockchain and cryptocurrency transaction records, identifying the key points where ransoms and criminal proceeds were received.It is reported that a victim's family paid approximately 9,527 Tether (USDT) to a cryptocurrency wallet designated by the criminals. The blockchain tracking records conclusively prove that 8,127 USDT flowed into an exchange account registered under Ma Zhihao's real name and Hong Kong ID, which was then exchanged for about 63,000 Hong Kong dollars and transferred to his personal HSBC bank account, becoming important evidence of his involvement in the crime and obtaining profits. The Court of Appeal pointed out that if it were not for the 7-year sentencing cap imposed by the District Court, the punishment faced by the defendant would be much heavier than this.

The Hungarian Parliament passed Bill XXXVIII of 2026, which abolishes legal provisions related to cryptocurrency asset conversion services, including the verification requirements that European exchanges must pass to operate legally in Hungary. The bill was voted on and passed on July 31 and came into effect on August 7.This abolition simultaneously cancels two charges related to cryptocurrency assets: unauthorized trading of high-value cryptocurrency assets can result in a maximum of 5 years in prison, and violating verification obligations when providing cryptocurrency exchange services can result in a maximum of 8 years in prison. The relevant provisions were criticized for overlapping with the EU MiCA framework.

KuCoin today announced that its Artificial Intelligence Management System (AIMS) has officially obtained the ISO/IEC 42001:2023 international certification, further strengthening the company's systematic capabilities in the responsible deployment, governance, and continuous improvement of artificial intelligence.This certification is the world's first international standard for artificial intelligence management systems, providing an internationally recognized management framework for enterprises to establish, implement, maintain, and continuously improve their artificial intelligence management systems. This certification covers KuCoin's artificial intelligence management system and related support functions, further promoting the transparent, secure, and responsible application of AI in platform operations.As AI increasingly penetrates digital financial scenarios such as risk control, anti-money laundering, fraud detection, market monitoring, intelligent customer service, and platform operations, KuCoin continues to advance AI innovation alongside trustworthy governance. This certification further enhances KuCoin's trust framework, building a reliable infrastructure that covers information security, operational reliability, business continuity, and artificial intelligence governance, alongside ISO/IEC 27001, SOC 2 Type II, and ISO 22301.

On the morning of August 20, 2026, the Intermediate People's Court of Shenzhen City, Guangdong Province publicly announced the first-instance verdict in the case of Evergrande Group Co., Ltd., Evergrande Real Estate Group Co., Ltd., and defendant Xu Jiayin. The court imposed multiple penalties on Evergrande Group, sentencing it to a fine of 8.82 billion yuan; it fined Evergrande Real Estate 7 billion yuan; and sentenced Xu Jiayin to life imprisonment for multiple crimes, depriving him of political rights for life, and confiscating all personal property; it also ordered the continued recovery of illegal gains, with any shortfall to be compensated.The court found that Xu Jiayin is the actual controller of Evergrande Group. Between 2016 and 2021, Evergrande Group, Evergrande Real Estate, and Xu Jiayin inflated assets and concealed liabilities through financial fraud and other means, committing crimes such as illegally absorbing public deposits, fundraising fraud, fraudulent issuance of securities, and illegally disclosing important information; they also obtained control of financial institutions through bribery, illegally siphoning off credit and insurance funds. Xu Jiayin further exploited his position to organize financial fraud, misappropriating company property under the guise of dividends. The court deemed these actions to severely disrupt the market economic order, with particularly huge amounts involved and particularly heinous circumstances, and imposed severe penalties according to the law.On the same day, the two levels of courts in Shenzhen also ruled on the cases of individuals involved in Evergrande related to illegally absorbing public deposits and fundraising fraud, sentencing 56 individuals including Zhen Litiao, Ke Peng, Xu Tenghe, and Xu Zhijian to prison terms ranging from eighteen years to one year and ten months, along with fines or confiscation of property.