Crypto advocacy groups oppose Illinois digital asset tax in court
Following a similar lawsuit filed by the Digital Chamber in July, two digital asset advocacy groups challenged Illinois’ 0.2% crypto tax on constitutional and…
Zondacrypto boss seeks leniency for testimony on political ties: Report
Przemysław Kral reportedly faces a fraud charge and is cooperating with Polish prosecutors as estimated customer losses reach $650 million. Source：Cointelegraph
Japan’s SBI leads $68M Fasset round at $1B valuation
Fasset raised $68 million in a Series C led by SBI Group as the companies plan a digital bank in Malaysia and to expand stablecoin payments.…
ECB defends digital euro privacy as CBDCs face global scrutiny
Piero Cipollone said the Eurosystem would not identify digital euro users as central bank digital currencies face privacy concerns worldwide.…
Banks, regulators join quantum-resistant crypto transfer pilot
Participating banks will test postquantum wallets and onchain transfers while regulators from Abu Dhabi, Bhutan and Malta initially observe.…
Pakistan opens crypto licensing portal, sets Sept. 5 deadline for existing firms
Existing virtual asset providers must apply for an NOC by Sept. 5 or cease operations under Pakistan’s new regulatory framework. Source：Cointelegraph
Fed study finds crypto investors driven by beliefs, easily swayed by returns
A Federal Reserve Bank of Cleveland study finds crypto investors hold sharply different views on returns and risk, while information about Bitcoin’s past gains…
Kalshi off-limits in multiple states as prediction markets, CFTC team up for battle
Washington state is cut off for Kalshi customers while the company combats the development in court and its federal regulator keeps pursuing new rules.…
Here’s some surprisingly good news for the stock market this midterm election year
There is a strong historical pattern of postmidterm strength. Source：MarketWatch
Ray Dalio says to buy ‘a bit’ of Bitcoin amid potential debt crisis
The hedge fund founder with an estimated net worth of $15 billion recommended that investors overweight Bitcoin and gold rather than bonds. Source：Cointelegraph
Onchain, in court: What happened in crypto legal news this week
The CFTC ordered a trading ban for former Alameda and FTX executives, and US prosecutors opposed a motion from a US soldier accused of profiting from the…
Digital Asset, Paul Ryan foundation target US state benefits with Canton pilot
The RISE program would use the Canton Network to combine and distribute stateadministered benefits across three US states beginning in 2027.…