Category: crypto

Bithumb won the first ruling in four civil lawsuits to recover proceeds from Bitcoin mistakenly credited to customers. Approximately 194 million won was ordered to be repaid in the August 27 judgment. South Korean regulators implemented new controls following the February operational failure. The court’s ruling supports Bithumb’s argument against retaining proceeds from payment errors.

Binance founder CZ Zhao expressed optimism about Hong Kong becoming a Web3 hub during a book meeting on August 27. He discussed the city’s potential in tokenized assets and decentralized exchanges. CZ’s comments were personal opinions, not new Binance projects. Hong Kong’s regulatory structure and Project Ensemble support CZ’s predictions.

Saitama CEO Manpreet Kohli lost his UK court challenge against extradition to the US. US prosecutors accuse him of wire fraud and market manipulation related to a $7.5 billion cryptocurrency token. Kohli remains free on bail and can appeal. The case is part of a wider FBI crackdown on crypto manipulation.

Nvidia shares surged 6.7% in premarket trading to $223.71 after reporting strong fiscal second-quarter results and issuing a better-than-expected outlook. The company’s revenue and profit exceeded estimates, driven by growth in its Data Center division. Nvidia also forecasted $108 billion in third-quarter revenue, excluding China data-center compute sales.

Unstoppable Domains decided not to submit ICANN applications for several web3 domain extensions, refunding affected customers due to high compliance and application costs. Existing web3 domains will remain onchain assets for crypto transactions. Unstoppable continues supporting ICANN applications for partners, despite not pursuing its original extensions.

The British government plans to give the Bank of England a new objective to support innovation in payments and digital money, including stablecoins. Financial stability will still be the Bank’s primary responsibility. The Bank will report annually to Parliament on its progress under this objective. Lawmakers will debate the Financial Services and Markets Bill in…

TRM Labs has appointed Ziqing Ang as Head of Policy for Asia-Pacific, where she will work with regulators, law enforcement, and private institutions. The company tracked over $103 billion in adjusted crypto crime volume in 2025, with investment scams dominating fraud inflows. Ang brings regulatory expertise from her time at MAS and in the private…

LayerZero introduces ATLAS, a trading infrastructure layer on the Zero blockchain for financial institutions and crypto trading platforms. ZRO price rose by over 16% following the announcement. ATLAS aims to provide backend support for trading venues, allowing them to maintain control over their users and interfaces while utilizing advanced blockchain technology.

Zerohash submitted a second application for a U.S. national trust bank charter after the Office of the Comptroller of the Currency returned its original filing. The proposed bank would operate from Asheville, North Carolina, and seek narrower national trust activities. Public comments on the application are open until September 17.

A U.S. federal judge has postponed Tornado Cash co-founder Roman Storm’s retrial to April 26, 2027, six months later than planned, while his appeal to overturn his previous conviction is still pending. Storm faces money laundering and sanctions charges carrying up to 20 years in prison, with unresolved charges from his first trial.