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first_img The U.S. Department of Justice cites the Bitcoin Fog ruling to oppose Roman Storm's motion for acquittal

U.S. federal prosecutors cited the appellate ruling related to the cryptocurrency mixer Bitcoin Fog as a supplementary basis against the not guilty motion of Tornado Cash developer Roman Storm. In documents submitted on Monday, the prosecution referenced the September 25 ruling by the appellate court that upheld the conviction and sentencing of Bitcoin Fog operator Roman Sterlingov. The District of Columbia Circuit Court found that Washington, D.C. had jurisdiction over all four charges: the money laundering charge was based on undercover agents completing Bitcoin Fog transactions in its D.C. office, while the unlicensed money transmission charge was supported by sufficient evidence showing that Bitcoin Fog had served clients in the area.The prosecution stated that the ruling "directly supports" its position in the Storm case, arguing that Tornado Cash's activities in Manhattan were sufficient to establish jurisdiction in the Southern District of New York for the conspiracy charges of money laundering and unlicensed money transmission against Storm, citing the testimony of Shakeeb Ahmed, who claimed to have used Tornado Cash in a Manhattan apartment. Judge Katherine Polk Failla has heard the arguments for the not guilty motion in April 2026 but has yet to rule. In August 2025, the jury found Storm guilty of conspiracy to operate an unlicensed money transmission business, but deadlocked on the charges of money laundering and conspiracy to evade sanctions; Storm submitted a post-trial not guilty motion in September 2025, arguing that the prosecution failed to prove he intended to assist criminals in abusing Tornado Cash.

Gate released a promotional video for TOKEN2049 in Singapore, Dr. Han will attend the event and give a speech on the main stage

As TOKEN2049 in Singapore approaches, Gate has released a promotional video for the event. In the video, Gate's founder and CEO Dr. Han shares his thoughts on continuous innovation and change, stating that the next one to two years will mark "a new starting point," and Gate will continue to advance its products, services, and market development.It is reported that Dr. Han will attend this TOKEN2049 in Singapore, delivering a keynote speech on the main stage and engaging in a fireside chat with four-time F1 World Champion Max Verstappen. During the event, Gate will set up a brand booth and exclusive lounge at the TOKEN2049 venue, providing participants with an opportunity to gain in-depth insights into Gate's products, business layout, and global ecological development.Additionally, Gate will host the Gate Gala awards dinner at the Raffles Hotel in Singapore on October 8, expecting nearly 300 global industry founders, institutional representatives, investors, content creators, and ecological partners to attend.Currently, Gate's global user base has surpassed 61 million, with the platform supporting over 5,300 cryptocurrencies and more than 12,800 stocks and ETFs, covering multiple areas including spot trading, contracts, stocks, wealth management, payments, and AI. As the business landscape continues to expand, Gate is building a global platform that encompasses diverse assets and financial services. During this TOKEN2049 trip to Singapore, Gate will focus on presenting the latest developments and future plans of the platform, opening the next phase with a more complete business map and broader global connections.

first_img The Southern District Court of New York rejected the preliminary injunction motion against Susquehanna for insider trading

On September 14, 2026, Judge Arun Subramanian of the United States District Court for the Southern District of New York issued an opinion and order denying the plaintiff's motion for a preliminary injunction. The case number is 1:26-cv-05474-AS, with the plaintiffs being market makers Susquehanna Securities, LLC and Susquehanna Investment Group, and the intervenor being market maker Citadel Securities LLC, while the defendants are John Does 1 through 100. The plaintiffs filed the lawsuit on June 29, 2026, claiming violations under Section 20A of the Securities Exchange Act of 1934 and unjust enrichment claims.The plaintiffs allege that the defendants traded on significant non-public information, specifically an announcement on May 22, 2026, regarding "the Chinese government's crackdown on cross-border trading platforms," which led to a collapse of the relevant securities. The plaintiffs sought a preliminary injunction to restrict the 40 defendants, as reduced, from transferring, encumbering, removing, or otherwise disposing of the profits obtained through the alleged insider trading activities in their accounts at third-party brokerage firms, or sought a seizure order. The court found that the plaintiffs failed to demonstrate the elements necessary to prove that they may suffer irreparable harm, and the motion was denied.

Coinbase accelerates the promotion of Bitcoin anti-quantum measures: multiple parties discuss future asset migration plans

Coinbase announced that it has collaborated with Stanford University cryptography professor Dan Boneh and Localhost Research to hold a closed-door "Post-Quantum Bitcoin Workshop" at Stanford University, gathering Bitcoin developers, cryptography experts, researchers, institutional custodians, and hardware wallet specialists to discuss the technologies and migration plans for Bitcoin to address future quantum computing threats.The workshop focused on assessing the progress of quantum computing, post-quantum cryptography, and various post-quantum signature schemes applicable to Bitcoin, as well as discussing Ethereum's anti-quantum planning, the practical requirements faced by institutional custody businesses, and how to introduce post-quantum security mechanisms for Bitcoin through new output types. Participants believed that rather than predicting when quantum computing will pose a real threat to existing cryptographic systems, it is more important to establish well-tested response plans in advance.Quantum computing does not currently pose an urgent crisis, but the earlier research and coordination begin, the better we can avoid hasty network upgrades and asset migrations under pressure in the future. However, there is currently no consensus on a single post-quantum solution. Different solutions involve trade-offs in terms of security, transaction data size, hardware performance, key management, and the difficulty of user migration. Participants felt that Bitcoin's anti-quantum measures cannot rely solely on protocol layer upgrades, but must also consider how individual users, institutional custodians, wallets, and hardware devices generate, store, back up, and migrate keys and assets.
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