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Analyst Rekt Fencer released a chart showing the BTC to Nasdaq 3-day line ratio, marking three significant pullbacks: approximately -84.9% in 2018, approximately -80.7% in 2022, and currently about -54.3% in 2026.Rekt Fencer stated that after the first two times Bitcoin lagged so significantly relative to the Nasdaq, there were very strong independent upward trends, with prices subsequently surging. The current ratio has again dropped significantly, and history may repeat for the third time; the bottom is nearing, and BTC will strengthen again.

IMF President Georgieva stated at the Jackson Hole annual meeting that stablecoins and tokenization could enhance global financial liquidity, making large cross-border payments cheaper and faster; however, stablecoins could also exacerbate currency substitution, capital flows, and exchange rate volatility, while undermining capital controls and monetary sovereignty. Dollar stablecoins may expand the global network effect of the dollar and marginally reduce U.S. financing costs, but they cannot replace fiscal discipline.This year's Jackson Hole Global Central Bank Annual Meeting has revealed three clear institutional divergences: BIS leans towards "marginalization of stablecoins, centralization of tokenized deposits"; ECB leans towards "central bank currencies on-chain"; while IMF acknowledges the real efficiency of stablecoins in cross-border payments but emphasizes the risks of currency substitution and capital flows in emerging markets. This has more policy implications than simply "supporting or opposing stablecoins."

The Independent Community Bankers of America (ICBA), representing about 5,000 community banks in the United States, is opposing the Clarity for Digital Assets Act (CLARITY Act). ICBA Chair and CEO Rebeca Romero Rainey stated that the "loopholes" related to stablecoin rewards must be completely closed, with no compromise solutions. The ICBA claims that stablecoins could lead to $1.3 trillion in deposits leaving the banking system and reduce local lending by $850 billion.The association has prompted Republican Senators Josh Hawley and Jerry Moran to oppose the current version of the bill. Rebeca Romero Rainey indicated that there are no signs that cryptocurrencies will replace these deposits and reinvest them into local communities. She also criticized the report titled "Impact of the Stablecoin Yield Ban on Bank Lending" released by the White House Council of Economic Advisers (CEA) for downplaying banks' concerns about deposit outflows. The Senate plans to vote on the CLARITY Act on September 15; if it cannot secure support from at least 60 senators, the bill will not proceed to further consideration and may halt progress for the foreseeable future.

Numa Lunah, co-founder of the crypto project Refi Hub, stated that he was hacked after installing a transcription application using a download link provided in the Claude chat window. The link pointed to a counterfeit website and bundled malware that attempted to steal all information from his device upon execution. Numa Lunah mentioned that he cleared and reinstalled the affected laptop and found no sensitive information leaked.Subsequently, he discovered a contaminated Claude Code skill file SKILL.md in his backup, which disguised itself as a style guide written by him and contained instructions to re-download the malware and steal credentials every time it was loaded. Microsoft Defender Experts had warned that attackers had shifted from search engine optimization poisoning to large language model response poisoning, with related tactics including recommending download links controlled by attackers, AI brand impersonation installers, and contaminated code libraries and proxy skills. Crypto industry practitioners may hold irrevocable credentials such as mnemonic phrases, private key files, hot wallet JSON, exchange API keys with withdrawal permissions, and deployer keys.

The Hong Kong Securities and Futures Commission has listed Star Bridge Capital, Star Bridge Capital Group, SBCFX, Star Bridge Capital Group, Star Bridge Capital Pty Limited, and Topical Wealth International Ltd as unlicensed companies, prohibiting them from engaging in any regulated activities in Hong Kong or actively promoting their services to the public in Hong Kong (whether within or outside Hong Kong).Previously, it was reported that Star Bridge Capital experienced an abnormal liquidation incident in London gold trading, and after the incident, the Hong Kong office of the platform was empty. Due to some funds being deposited through USDT stablecoin, tracking the funds has become more difficult. The Hong Kong police have accepted the case and temporarily classified it as fraud, but no arrests have been made yet.

Coinbase announced the architecture and application of its internal AI system "CEEcil." This system is not just a simple chatbot; it is designed to function as an AI agent similar to a "team member," which can be @mentioned in Slack and possesses long-term memory, proactive follow-up, and judgment capabilities.CEEcil retains team context through a three-layer memory mechanism: it continuously extracts information such as decisions, blockers, and responsible parties from authorized channels in the background; integrates short-term observations into long-term summaries every night; and retrieves historical memories, recent conversations, and real-time data as needed when answering questions. The system also employs a layered model architecture, prioritizing simple queries to be processed through APIs or knowledge bases, while only delegating complex, multi-step tasks to stronger AI models to reduce costs and delays.Coinbase stated that CEEcil is currently able to assist teams in handling production incidents and answering expert knowledge that would normally take hours to obtain; in the future, it hopes to expand this model into multiple AI agents tailored for specific teams, allowing AI not only to "answer questions" but also to retain memory, actively participate, and complete actual work.

The stablecoin USDC issuer Circle has become the new main shirt sponsor of Premier League club Chelsea, marking the first time a cryptocurrency financial services company's brand appears in the main sponsorship position of a Premier League club. The two parties did not disclose the financial terms, but reports earlier this year indicated that Chelsea set a target price of £65 million (approximately $88.3 million) per year for this sponsorship position.Chelsea will wear the new jerseys featuring the USDC logo for the first time in their home match against Brighton on Sunday. Previously, cryptocurrency exchanges like OKX and Kraken served as sleeve sponsors for Manchester City and Tottenham Hotspur, respectively, but the main sponsorship position had never been occupied by a cryptocurrency company before.In June of this year, the UK's Financial Conduct Authority (FCA) warned Premier League clubs that collaborating with unauthorized cryptocurrency companies could violate financial promotion rules. Circle is authorized by the FCA through an electronic money license obtained in 2016, which has facilitated this collaboration.

On August 20, MANTRA Chain released a complete review report of the security incident, confirming that the attacker exploited an unsigned integer underflow vulnerability in the balance accounting layer of the upstream dependency cosmos/evm, unauthorizedly transferring a total of 720,923,967.99 MANTRA from two addresses, valued at approximately 3.6 million dollars based on the price before the attack. Among them, the attacker transferred 600,000,035.56 MANTRA from the on-chain burn address and 120,923,932.44 MANTRA from a genesis-era multi-signature address related to an early incentive program.MANTRA stated that this incident did not involve the leakage of validator keys, administrator privileges, governance control, or multi-signature signers; the attacker did not require privileged access and could complete the attack solely through unauthorized contract deployment and self-funded wallets. The first abnormal transfer occurred at 19:06 UTC on August 20, when the attacker transferred approximately 600 million MANTRA from the burn address; subsequently, at 22:59 UTC, another transfer of approximately 120.9 million MANTRA was made. The chain subsequently stopped operating at 23:13 UTC and resumed after upgrading to v8.4.0. The entire network interruption lasted for 30 hours and 13 minutes.This vulnerability was not an issue with MANTRA's self-developed code but originated from the cosmos/evm module, which is responsible for providing EVM functionality on the Cosmos SDK. The vulnerability allowed the attacker to execute unsigned balance deductions without checking if the balance was sufficient, causing an overflow of values and bypassing normal account authorization logic. MANTRA stated that as of today, no funds have been recovered, with approximately 37.96 million MANTRA (accounting for 5.27% of the total transferred) still remaining in the attacker's address, which has been frozen due to the chain's suspension and v8.4.0 restrictions. The remaining funds have flowed to related trading platforms, and the recovery efforts have entered the law enforcement investigation stage. In the future, monitoring of accounts that cannot normally authorize transfers, burn addresses, and other historically "non-transferable" addresses will be strengthened, and efforts will be made to promote improvements in the security vulnerability disclosure process within the Cosmos ecosystem.

The Central Bank of Brazil has developed a real-time warning system for cryptocurrency threats and has collaborated with the digital asset threat protection company Hypernative to provide attack identification, response, and fund tracking support to banks and domestic cryptocurrency exchanges. In July 2025, cybercriminals exploited a software vulnerability in the financial software middleware company C&M to steal $180 million from the financial system and exchanged part of the funds for Bitcoin and USDT through exchanges.This incident has prompted the Central Bank of Brazil to accelerate the construction of related systems. Regina Pedroso, Executive Director of the Brazilian Tokenization Association, stated that the system will begin integration in the next two weeks, with Foxbit and Mercado Bitcoin participating in the implementation. Relevant agencies have completed testing and issued some warnings, and Brazil will also implement a 24-hour preventive hold on cryptocurrency transfers exceeding $10,000 per transaction or per day for individuals.

According to Bitcoin.com News, the "Meme Coin" regulatory bill in California has been passed by the state Assembly and Senate. The bill prohibits public officials and employees from issuing Meme Coins and bans the launch of such tokens aimed at California residents starting January 1, 2027. The AB 2409 bill has now been sent to the governor for signing.

Polish Olympic Committee President Radosław Piszczek was arrested on Thursday, suspected of receiving kickbacks from the cryptocurrency platform Zondacrypto during the signing of a sponsorship agreement. Polish Sports Minister Jakub Rudnicki confirmed the arrest on the X platform, stating, "Such a person should not hold the position of President of the Polish Olympic Committee; Piszczek has brought shame to Polish sports." Interior Minister Marcin Kwiatkowski referred to him as "a symbol of extreme corruption plaguing the Olympic movement."According to the investigation, Piszczek facilitated the sponsorship agreement between the Polish Olympic Committee and Zondacrypto in October 2025, which promised cryptocurrency rewards to medalists of the 2026 Milan-Cortina Winter Olympics. The Polish government accused Zondacrypto of having ties to nationalist opposition groups, organized crime, and Russian intelligence agencies, estimating that the platform's collapse caused losses of about 350 million zlotys (approximately 80 million euros), affecting around 30,000 people. The Interior Minister described Zondacrypto as "essentially a Ponzi scheme."Media investigations also revealed that Piszczek received a Patek Philippe watch worth approximately 40,000 euros from Zondacrypto CEO Przemysław Kral, who claimed the watch was purchased out of his own pocket. Kral is currently cooperating with prosecutors in hopes of a reduced sentence. Zondacrypto was founded by Sylwester Sucheck in 2014, who went missing in 2022, with Kral taking over his position. The Polish prosecutors launched an investigation in April of this year, and most Polish sports federations subsequently called for Piszczek's resignation.

According to Bitcoin News, Sparrow Wallet v2.5.4 has been released after extensive AI-assisted review, containing multiple security enhancement updates aimed at reducing users' reliance on external servers such as Electrum.Additionally, this version strengthens Ledger, Keycard, Trezor, Payjoin, PSBT, and multi-signature handling, removes Bitcoin Core credentials and other confidential information from debug logs, restricts existing wallet and backup directory permissions to owner access only, closes local DNS resolution leaks when using Tor, and enhances wallet import, signing, downloading, and server response verification. This update expands Sparrow Wallet's scope for independently verifying transaction data, hardware devices, and other inputs, reducing reliance on external servers for data provision.

The Sandbox released an incident analysis report on the vulnerability on August 22. The report shows that attackers exploited vulnerabilities in cross-chain configuration contracts on the Base and BNB Smart Chain (BSC) to steal 14,742,341.84 SAND from the Ethereum treasury, accounting for approximately 0.5% of the maximum supply, with an estimated economic impact of about $1.4968 million, of which approximately $987,000 was actually intercepted by the attackers. The Ethereum mainnet and Polygon network were not affected.Please do not purchase or send SAND on Base or BNB Smart Chain until further notice. The contracts deployed on Base and BNB Smart Chain have been permanently disabled and will not be reopened. The Sandbox stated that the team has reported the attackers' wallet addresses to blockchain analysis companies TRM Labs and Chainalysis and is in direct communication with relevant exchanges.The Sandbox also announced a compensation plan, which will compensate wallets that legally held cross-chain SAND on Base or BSC before the incident at a 1:1 ratio with Ethereum SAND. The compensation funds will come from The Sandbox treasury, and no new tokens will be issued. The application process will open in the next two weeks and will remain open for two weeks.

According to Cointelegraph, Galaxy Research has updated the tracking data of the Coldcard hardware wallet attack, confirming that 1,789.28 BTC (worth approximately $114.7 million at the time of the incident) was stolen from 8,865 addresses. Alex Thorn, head of Galaxy Research, stated that 87.3% (approximately 1,561 BTC) remains unspent in addresses controlled by the attackers, with all Bitcoin stolen in the first three waves of attacks still untouched.In subsequent attacks, some Bitcoin has been transferred through CoinJoin mixing transactions and small splits. The statistics are based on 221 victim reports, covering losses of 790.72 BTC, with a median loss of 1.04 BTC, and more than half of the reports involve losses exceeding 1 BTC. Galaxy has shared the attackers' addresses with exchanges, compliance companies, and law enforcement agencies, hoping that funds can be frozen when they flow into centralized intermediaries.

According to The Block, the Blockchain Association has submitted a letter of opinion regarding the stablecoin issuer rules proposed jointly by the U.S. Department of the Treasury's Financial Crimes Enforcement Network, the Office of the Comptroller of the Currency, and the Federal Reserve. The association supports limiting the Customer Identification Program (CIP) obligations to transactions where issuers directly face customers in the primary market, and it should not extend to peer-to-peer transfer activities in the secondary market.At the same time, the association calls on regulators to further clarify definitions such as "account," "customer," and "digital asset service provider," excluding one-time redemptions and other non-continuous businesses, and to avoid creating overlapping compliance burdens with anti-money laundering rules. The association stated that the implementation of the rules should balance stablecoin security, operability, and space for industry innovation.

Cosmos Labs announced that an ongoing security incident has affected users of the Cosmos EVM module. The security and engineering team at Cosmos Labs is actively responding to the incident and has advised validators on the Cosmos EVM chain in contact with them to suspend the operation of their chain.Cosmos Labs appreciates the swift response from all teams using Cosmos EVM and stated that an incident report will be released after the situation is resolved. If relevant teams are using Cosmos EVM and have questions, they can contact security@cosmoslabs.io.

According to monitoring by Galaxy's research director, the Coldcard vulnerability incident involved 8,865 addresses, resulting in a total loss of 1,789.28 BTC, valued at $114.7 million at the time of theft, currently worth $138.8 million.By address statistics, the median loss per address was 0.00152 BTC, with an average of 0.20184 BTC; the median dormancy period was 3.2 years, with an average of 3.6 years. In 221 victim reports, the median loss was 1.04272 BTC, with an average of 3.57792 BTC; the median dormancy period was 3.25 years, with an average of 2.99 years. The losses reported by victims amounted to 790.72 BTC, accounting for 44.2% of the total loss. If medium-confidence losses are included, and the related losses have not yet been confirmed, the total loss will reach 1,824 BTC, valued at $140 million based on the price at the time of loss.

According to on-chain detective Specter, last week there were 3 independent incidents involving over $40 million in stolen cryptocurrency, with each victim losing tens of millions of dollars. Specter stated that a large amount of funds entered the market last week, and social engineering, phishing links, and wallet theft scams continue to persist.Specter reminds that cryptocurrency is not an industry where one can simply buy assets and ignore them; asset security is part of the investment, and one should pay attention to the latest attack incidents, wallet exploitations, and phishing activities in a timely manner. If not active on crypto Twitter or security forums, one should at least follow a reliable source that continuously publishes security updates.

On August 24, according to Caixin, the National Development and Reform Commission released the "Measures for the Administration of Foreign Investment (Revised Draft for Public Comment)" and is publicly soliciting opinions from society, from August 21 to September 20, 2026. The "Draft for Comments" expands the definition of investors from enterprises to domestic enterprises, other organizations, and individual residents, and clarifies that reinvestment by investors abroad also falls under foreign investment.In the section on foreign investment regulation, regarding the classification and regulatory division of foreign investment, the procedures for approval and filing, and other matters, investors must obtain foreign investment approval documents or filing notices before implementing foreign investments. For individual residents newly included as investors, the approval authority is the National Development and Reform Commission, and the filing authority is the provincial development and reform department of their registered residence or habitual residence.

According to Bitcoin.com News, the Central Bank of Russia has launched a special financial literacy test to lower the threshold for residents to qualify as accredited investors, in order to expand their cryptocurrency trading limits.