Odaily News: XCE, a UK executive recruitment firm, has increased its Bitcoin holdings by 10 BTC. The funds for the additional purchase came from strategic investor Adam Back's common stock subscription, bringing its total holdings to 72.94 BTC.
Odaily News: The U.S. Federal Bureau of Investigation (FBI) has seized approximately $560,000 in cryptocurrency and taken control of the domain and servers of a fundraising website linked to Hamas. The U.S. Department of Justice stated that these funds were allegedly intended for use by Hamas's military wing, Al Qassam Brigades.
Investigators tracked and confiscated the relevant crypto assets based on three seizure warrants issued on March 25, June 25, and October 10, 2025. Court documents show that the assets involved include Bitcoin, Ethereum, Wrapped Ethereum, Tether (USDT), and TRON (TRX), distributed across 18 addresses controlled by Tether and 3 Binance accounts.
According to court documents, encrypted chat groups had directed supporters to visit AlQassam.ps and solicited donations via rotating wallet addresses. After the FBI took over the relevant domain and servers, it obtained information on thousands of individuals who had contacted Hamas to inquire about making donations. (Decrypt)
Odaily News: Coinbase announced on X platform that Anthony Armstrong will join its board of directors and audit committee. Anthony Armstrong spent nearly a decade at Morgan Stanley leading global technology M&A, served in the Department of Government Efficiency, and most recently served as CFO of xAI and X Corp.
Odaily News: Goldman Sachs, Bank of America, Citigroup, and 21 other financial institutions announced on Tuesday their commitment to form a company that will jointly issue a U.S. dollar stablecoin, with plans to launch in the first half of 2027. The company is expected to be established in the second half of 2026, though the name has yet to be determined and closing conditions must still be met.
The alliance's membership spans North America, Europe, East Asia, the Middle East, and Africa, more than doubling the initial 10 institutions that first explored the initiative in October 2025. The stablecoin will target wholesale, institutional, and retail markets, with initial use cases including cross-border payments and digital asset settlement.
This stablecoin constitutes a liability of the commercial company, backed by reserve assets held by banks, and does not involve the Federal Reserve's balance sheet. The project plans to comply with the U.S. GENIUS Act and, where applicable, the EU's MiCA framework. Following the launch of the U.S. dollar stablecoin, a euro version will be issued, with subsequent expansion to other G7 currencies. (Decrypt)
Odaily Planet Daily News: Brian Armstrong posted on X that he is still developing the Omarchy plugin for Coinbase, which will be launched soon. He stated that an AI-native operating system is an ambitious vision.
Odaily News: New Jersey Attorney General Jennifer Davenport and acting director of the state's Division of Gaming Enforcement, Mary Jo Flaherty, have filed a petition for a writ of certiorari with the U.S. Supreme Court, requesting review of the state's enforcement action against prediction market platform Kalshi over its sports event contracts.
The petition cites civil cases brought by at least 20 state gaming regulators and asks the Supreme Court to rule on whether prediction market companies may still violate state laws while complying with regulations set by the U.S. Commodity Futures Trading Commission (CFTC). The petition also addresses whether the Dodd-Frank Act precludes state regulatory authority over sports betting within their jurisdictions.
The filing challenges a 2-1 ruling issued by the U.S. Court of Appeals for the Third Circuit in April. Kalshi spokesperson Dani Lever stated that the company disagrees with New Jersey's appeal to the Supreme Court, adding that Kalshi cannot operate under separate oversight from 50 regulators, and that the company remains confident in the lower court's ruling. (Cointelegraph)
Odaily News: U.S. President Trump: The stock market has not been affected, and it could even be higher than it is now, believe it or not. The stock market will go up. (Jin10)
Odaily News: U.S. President Trump met with U.S. tourism industry executives at the White House on Wednesday local time, during which he once again addressed the Iran issue. Trump stated: "The Iranian regime is collapsing, and a new round of strikes against Iran will not last long. (In the future) we are prepared to strike Iran once again. We fully control the Strait of Hormuz, through which millions of barrels of oil are exported every day. I hope domestic retail gasoline prices will drop." (Jin Shi)
Odaily News: Bitcoin News posted on X platform that Hyperscale Data has unplugged all Bitcoin mining machines at its Michigan site to free up data center space for a 10-year AI hosting agreement. Following the announcement, the company's stock price hit an all-time low.
Odaily News: U.S. President Trump says he is prepared to launch another strike on Iran. (Jin10)
Odaily News: U.S. President Trump: (Regarding Iran) The new round of strikes on Iran will not last long. (Jin Shi)
Odaily News: According to Onchain Lens monitoring, World Liberty Fi's unlocked wallet transferred 175.3 million WLFI tokens to Binance and Gate, valued at approximately $9.94 million.
Odaily News Crypto enterprises, asset managers, market makers, and consumer advocacy groups have submitted comments to the U.S. Securities and Exchange Commission (SEC) in response to its request for input on the regulatory framework for "novel ETFs," covering exchange-traded products such as crypto assets, private assets, event contracts, and leveraged strategies.
Crypto industry organization Crypto Council for Innovation (CCI) recommended extending certain regulatory accommodations applicable to ETFs to non-ETF exchange-traded products. Venture capital firm Andreessen Horowitz (A16z) stated that the SEC should assess products based on their underlying assets and risk profiles, rather than treating all novel ETFs as a single category.
Grayscale opposed adding new portfolio restrictions for mature digital asset products, while Chainalysis suggested leveraging public blockchains to enable real-time monitoring and verifiable disclosures. Kalshi expressed support for including event contracts in registered funds, whereas consumer advocacy group Public Citizen opposed offering event contract ETFs to retail investors. The SEC will evaluate whether to adopt a unified regulatory framework or craft separate rules based on product structure and risk. (Decrypt)
Odaily Odaily News: Tokenized real-world asset management firm Ondo Finance stated that existing U.S. securities laws can support perpetual futures tied to individual stocks without the need for new rules, applying the current securities and futures framework.
On August 24, Ondo Finance submitted three comment letters to the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC), recommending the introduction of related products within the United States while incorporating modern margin mechanisms and on-chain market data.
Its Panamanian subsidiary has already been offering stablecoin-settled perpetual futures on U.S.-listed stocks outside the United States. As of August 14, the platform, which launched approximately six weeks ago, has accumulated a trading volume of $8 billion. Ondo Finance manages and distributes approximately $2.6 billion in tokenized real-world assets, ranking fourth in the sector. (Cointelegraph)
Odaily reported CZ posted on platform X, stating that some “hot money” is flowing back from AI into the crypto market. He also remarked, “The financial industry isn't going away—you and AI will still need money.”
