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Echo Base is an institution focused on stabilizing digital asset companies, assisting in the formation of the BitMart Creditors' Committee, representing users holding frozen assets, and hiring legal advisors to evaluate recovery plans, including applying for bankruptcy proceedings without financial support. Echo Base had proposed a funding plan of up to $10 million to support BitMart in submitting a pre-negotiated bankruptcy application, but received no response from BitMart.Echo Base stated that the relevant actions stem from BitMart's failure to respond to the restructuring proposal and user withdrawal requests. Sonn Law Group has initiated an investigation for users with frozen assets of $500,000 or more at BitMart, assessing potential claims and asset recovery plans. Echo Base CEO Roshan Dharia stated that BitMart's employee plan can only sustain operations until January 2027, and the longer the delay, the fewer viable options there will be.

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 South Korean media NATE, Dunamu, the parent company of South Korean cryptocurrency exchange Upbit, responded to rumors of a U.S. listing, stating that the company has indeed been in contact with the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), but has not yet confirmed a U.S. listing and has not converted its financial statement accounting standards to U.S. Generally Accepted Accounting Principles (US GAAP).Dunamu stated that it had previously only compared and understood the differences between Korean accounting standards and US GAAP, and is currently planning to complete a share exchange with Naver Financial by December 31. After the transaction is completed, both parties plan to establish an IPO committee and promote the listing within a year, but the specific country and market for the listing have not yet been determined. Market analysts believe that if a U.S. listing ultimately occurs, Dunamu and Upbit's Korean legal entity and existing business will remain unchanged, and it is expected that they may adopt the American Depositary Receipt (ADR) method.

The Central Cybersecurity and Informatization Commission issued the "Action Plan for Promoting High-Quality Development of Internet and Information Enterprises (2026-2030)."It mentions strengthening the construction of cyber rule of law. Actively carry out forward-looking research on legislation in the field of internet and information. Accelerate the legislative process in emerging areas such as artificial intelligence, anti-cyber violence, digital economy, online platforms, and blockchain.Promote the revision of the "Internet Information Service Management Measures," improve the legal system for internet information service management, "self-media" management, and algorithm governance. Advance the formulation of the Telecommunications Law, Cybercrime Prevention Law, and Cybersecurity Level Protection Regulations, and improve the supporting regulations for the "Regulations on the Protection of Minors Online" and "Regulations on the Management of Cyber Data Security."Standardize administrative inspections involving internet and information enterprises, minimizing interference with the normal production and operational activities of internet and information enterprises. Improve supervision and law enforcement measures that adapt to the new characteristics of internet development governance, and severely crack down on illegal and irregular activities online.

The first meeting of the U.S. CFTC Innovation Advisory Committee (IAC) will be held on August 20 from 1:00 PM to 4:00 PM Eastern Time, which is August 21 from 1:00 AM to 4:00 AM Beijing Time.The meeting is mainly divided into three parts: the first part discusses the transition of cryptocurrency regulation from "uncertainty to clarity," including the absence of federal market structure, fragmentation of state-level licenses, overlapping regulatory authorities, enforcement-style regulation, and how to improve regulatory clarity under existing statutory authorities; the second part discusses the application of AI in trading, compliance, monitoring, risk management, and "Agentic Finance," and clarifies the intersection of cryptocurrency and AI; the third part focuses on prediction markets and event contracts, discussing federal and state regulatory authorities, state-level litigation and enforcement, market manipulation, customer protection, and long-term regulatory frameworks. CFTC Chairman Michael S. Selig, IAC Chairman Walt Lukken, and designated federal official Michael J. Passalacqua will deliver opening remarks.

The U.S. Commodity Futures Trading Commission (CFTC) has announced the agenda for the inaugural meeting of the Innovation Advisory Committee (IAC). The committee will hold its first meeting on August 20, focusing on regulatory issues in emerging areas such as crypto assets, artificial intelligence, and prediction markets.CFTC Chairman Michael S. Selig stated that the U.S. has long been a global center for financial innovation and hopes to explore how emerging technologies and financial products can drive market development through discussions with innovative entrepreneurs, researchers, and industry builders, and to jointly explore the "new frontiers of finance." The meeting will be live-streamed on the CFTC official website. Committee members and attendees will discuss topics such as the regulatory framework for digital assets, the impact of AI technology on financial markets, and the development of prediction markets. The public can submit relevant opinions by August 27, and these opinions will be publicly released through the U.S. Federal Regulations website Regulations.gov. The CFTC indicated that the meeting agenda may be adjusted based on the committee's subsequent focus.The Innovation Advisory Committee aims to provide the CFTC with recommendations on emerging technologies, financial products, and trends in market innovation, covering important areas such as digital assets and artificial intelligence that may influence the structure of future financial markets.

Hyperliquid Policy Center issued a statement, and HPC attended the CFTC Agricultural Advisory Committee meeting, submitting a formal statement. The statement revolves around three points: first, agricultural end users need diversified market choices, and the historical ban on agricultural options has proven to be overly restrictive; second, the CFTC's phased approach to perpetual contracts is the correct path, and end user demand should drive the adoption of new derivatives; third, public blockchains contribute to modernizing clearing and settlement infrastructure, while enhancing collateral liquidity and preserving the market integrity protection mechanisms of the Commodity Exchange Act.HPC stated that it will continue to collaborate with the agricultural community to promote the regulatory implementation of perpetual contracts in the U.S. market.

According to BeInCrypto, Tim Scott, the chairman of the U.S. Senate Banking Committee, stated that the CLARITY Act, aimed at regulating the cryptocurrency market, will be voted on before Congress goes into recess, and "there will undoubtedly be a vote."In an interview with Fox News, Scott mentioned that the Senate might extend its working hours, not limited to the next two days, to push forward the relevant legislation. He noted that there is a consensus forming within the Republican Party regarding the bill and believes that advancing a cryptocurrency regulatory framework "is in the interest of the United States."Tim Scott stated, "We will get this done."The CLARITY Act aims to further clarify the regulatory framework for digital assets in the United States, delineating the regulatory responsibilities of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in the cryptocurrency market. Supporters believe that the bill will provide clearer rules for the industry and help the U.S. maintain its competitiveness in the digital asset space.Currently, the bill still faces internal congressional disputes regarding consumer protection, regulatory authority, and market risks. If ultimately passed, it will be an important step in building the U.S. cryptocurrency regulatory system.

According to Jinshi reports, the Gaza "Peace Committee" stated that once Hamas completes the disarmament process, the Israeli army will fully withdraw beyond the "green line" in eastern Gaza. This statement was confirmed after the committee's Secretary-General Nikolai Mladenov met with Israeli Prime Minister Netanyahu, with the ultimate goal of ensuring "the complete disarmament of the Gaza Strip and transitioning from gun rule to civilian governance."The statement noted that the implementation of civilian governance will be supervised by international stabilization forces and an enforcement verification committee.

According to Jinshi reports, on July 24, the Central Committee of the Communist Party of China held a symposium for non-party figures at Zhongnanhai to listen to the opinions and suggestions of leaders from various democratic parties, the All-China Federation of Industry and Commerce, and representatives of non-partisan individuals. Xi Jinping presided over the meeting and delivered an important speech, emphasizing the need to adhere to the general principle of seeking progress while maintaining stability, promote the continuous development of the economy towards new, better, and good directions, implement an active fiscal policy and a moderately loose monetary policy, enhance development momentum, and ensure and improve people's livelihoods.

The Federal Reserve maintained the benchmark interest rate at 3.50%-3.75%, marking the fifth consecutive meeting without changes. The decision statement noted that Hammack, Kashkari, and Logan favored raising interest rates, reiterating that inflation remains high, partly due to the impact of shocks.

According to official news, the ENS DAO has approved the proposal to activate a new security committee, with a term of two years. The committee consists of eight members and has veto power, allowing it to cancel proposals during the waiting period after malicious proposals are passed but before execution. The committee's authority is limited to canceling transactions within the time lock and cannot access treasury funds, submit proposals, or rewrite approved proposals.The committee can only exercise its power under emergency conditions specified in its charter. ENS points out that governance itself may become an attack surface—voting rights can be borrowed to initiate attacks, proposal codes can hide malicious behavior, and credential leaks can be used to push harmful transactions. The new committee adopts a 5-of-8 multi-signature, requiring at least five members' agreement to cancel a proposal, and must seek DAO voting for extension after the two-year term.

Nigerian President Bola Ahmed Tinubu has signed an executive order to coordinate the regulation of virtual assets, strengthen cooperation among the country's financial, tax, and capital market institutions, and address the fragmentation of digital asset regulation. The executive order establishes a virtual asset committee composed of heads of Nigeria's main financial regulatory agencies, responsible for guiding relevant policies. The Nigerian tax authorities will update digital asset policies and provide more details on their impact on taxpayers.The President's Special Adviser Bayo Onanuga stated that the executive order does not establish new regulatory bodies nor transfer power between institutions; each agency retains its statutory responsibilities and independence, and registration requirements will be determined based on the nature of the activities and the assets involved. A report from the International Monetary Fund (IMF) in June indicated that since 2019, Nigeria has accounted for about 60% of the stablecoin inflows to sub-Saharan Africa; from July 2023 to June 2024, the country's cryptocurrency inflows are estimated to be around $59 billion.

U.S. Congressman Bryan Steil expressed optimism on Fox News that the CLARITY Act is expected to pass in the Senate next week, emphasizing that the U.S. needs to establish a regulatory gold standard in the digital asset space. Bryan Steil currently serves as the Chairman of the House Administration Committee and also chairs the Subcommittee on Digital Assets, Financial Technology, and Inclusion within the Financial Services Committee.

The Crypto Innovation Committee (CCI) announced that Etherealize, Hyperliquid Policy Center, and Tools for Humanity (TFH) have officially joined. CCI stated that the new members will enhance its technical expertise in on-chain finance, institutional finance, and digital identity to better support policy-making.Etherealize stated that as the application of Ethereum in institutional scenarios accelerates, a prudent policy framework is of great significance for unlocking the potential of the next generation of financial infrastructure.

Lighter founder and CEO Vladimir Novakovski tweeted that he has joined the U.S. Commodity Futures Trading Commission (CFTC) Innovation Advisory Committee as a member.

According to The Defiant, ENS community member Christoph Jentzsch proposed on the X platform that the ENS DAO dissolve itself, stating that "the ENS DAO has collapsed," and suggested destroying the ENSv2 Universal Router keys and reallocating the remaining funds, officially transforming ENS into a public infrastructure. Jentzsch, who wrote code for "The DAO" in 2016 and currently operates Tokenize.it, stated that he does not hold any formal position in ENS governance.Previously, ENS co-founder Nick Johnson unilaterally vetoed the security council renewal vote using about half of the active voting power of the protocol, while about two weeks ago he supported another proposal to expand the ENS Foundation's control over the treasury by delegating nearly half of the active voting power to himself.

The recent voting results of the ENS DAO, which governs the Ethereum Name Service, have sparked controversy within the community, as some members pointed out.In the latest on-chain vote, ENS founder Nick Johnson cast approximately 3.26 million votes against the proposal to extend the security committee's term for two years. This proposal had previously passed a Snapshot community vote, but the on-chain execution proposal did not receive support.As the controversy escalated, some community members expressed concerns about the degree of decentralization in the ENS DAO governance mechanism. However, there are also viewpoints suggesting that this incident reflects more on the distribution structure of governance tokens rather than a failure of the protocol itself.

According to Bloomberg, the European Parliament's Economic and Monetary Affairs Committee (ECON) has approved a position paper on the legal framework for the digital euro, paving the way for negotiations with member state governments and the European Commission on the final rules. The plan will advance both the online and offline versions of the digital euro, with the European Central Bank aiming to complete the launch by 2029 and to conduct a pilot within the next 12 months to validate the infrastructure in real-world scenarios. Regulators hope that the digital euro issued by the European Central Bank will reduce reliance on Visa, Mastercard, and dollar-denominated stablecoins, while providing a "secure European domestic option" for retail payments without eliminating physical cash.