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Hyperliquid Policy Center CEO Jake Chervinsky disclosed on the X platform that the Commodity Futures Trading Commission (CFTC) has filed a motion to dismiss CME's lawsuit regarding crypto perpetual contracts.The motion states that CME lacks standing to sue, arguing that CME itself can also offer perpetual contracts, so any harm is self-inflicted. Chervinsky relayed the CFTC's wording, stating "this lawsuit is just making a mountain out of a molehill."

According to Cointelegraph, the U.S. Attorney's Office for the Southern District of New York urged the court in court documents to dismiss former Celsius CEO Alex Mashinsky's application to overturn his conviction and reduce his sentence, stating that his legal arguments "lack merit." Mashinsky was sentenced to 144 months in prison and fined $48 million for commodity fraud and securities fraud in May 2025.In May, he informed the court that he would represent himself, and the motion submitted involved allegations related to FTX and former colleague Roni Cohen-Pavon, but prosecutors pointed out that he had not submitted a sworn statement to support the allegations and requested the court to dismiss it without a hearing. Cohen-Pavon has completed his sentence for providing "substantial assistance." Additionally, the CFTC permanently banned Mashinsky from engaging in commodity market trading in June, and the SEC's civil lawsuit against him is still ongoing, with both parties in the "settlement discussions" stage.

According to Talking Biz News citing Courthouse News Service, The Wall Street Journal requested a federal judge on Wednesday afternoon to dismiss the defamation lawsuit filed by Binance. The lawsuit targets the newspaper's reports regarding Binance covering up internal investigations, obstructing compliance, and allowing sanctioned entities to trade.In the motion to dismiss, The Wall Street Journal stated that Binance's complaint from March 2026 failed to prove actual malice at the time the relevant reports were published. Binance claimed that the reports were false because it had issued a denial statement to the newspaper, but the newspaper argued that merely repeating a self-defensive denial is insufficient to constitute a defamation claim. During the hearing, The Wall Street Journal's lawyer pointed out that Binance did not deny the core content of the three reports.

According to The Defiant, Cole Villemain, the co-founder of the well-known NFT project Pudgy Penguins, who was voted out by the community, launched a series of 44,000 NFTs named Spritehood on Robinhood Chain on August 11, selling out in less than an hour.According to on-chain statistics of minting transactions by analyst 0xlaplaced, this sale generated approximately $1.2829 million (equivalent to about 684.28 ETH at the minting price), higher than the approximately $755,000 figure circulating during the sale, which was a snapshot taken while the sale was still ongoing. According to the statistics, the paid sale lasted about 53 minutes, during which 37,430 pieces were sold for $17 each, and 5,526 pieces were sold for $117 each. Before the paid sale began, the deploying party also distributed 1,488 pieces for free through 20 zero-price transactions.Reports indicate that the Spritehood contract itself is displayed as unverified source code on the Blockscout browser of Robinhood Chain, preventing buyers from reviewing the public code regarding its token pricing and distribution mechanism. Cole Villemain was voted out of the founding team by the Pudgy Penguins holder community in January 2022, accompanied by accusations of misappropriating project funds, but the related accusations have remained at the level of allegations, and Villemain has not been prosecuted as a result.

According to ABC News, the New York Federal Appeals Court upheld the conviction of SBF for fraud and conspiracy following the collapse of his cryptocurrency trading platform FTX. In 2024, SBF was sentenced to 25 years in prison for orchestrating what prosecutors called one of the largest financial frauds in American history.

U.S. District Judge Jed S. Rakoff in New York has denied the emergency temporary restraining order application filed by the Commodity Futures Trading Commission (CFTC), which aimed to stop the state of New York from advancing its enforcement case against the prediction platform Kalshi. The judge found that the CFTC failed to demonstrate a likelihood of success on the merits of its case and did not prove the existence of irreparable harm. However, the denial was made "without prejudice," allowing the CFTC to refile the relevant motion by August 7.New York Attorney General Letitia James filed a lawsuit against Kalshi last Friday, accusing it of operating an illegal unlicensed prediction business by offering contracts on events such as sports and elections. The state of New York had issued a cease-and-desist order to Kalshi as early as October 2025. The core dispute in this case revolves around whether federal commodity law takes precedence over state law—state authorities believe that event contracts are predictions subject to state law, while the CFTC and Kalshi argue that they are derivatives under the exclusive jurisdiction of the CFTC.

BitMart's global CEO Nenter Chow posted on the X platform stating that he was informed on July 24 that his position as global CEO would be terminated and that he would immediately enter the resignation process.Nenter Chow stated that since July 24, he has not participated in BitMart's management and decision-making, nor has he been involved in discussions or decisions regarding the cessation of the trading platform's operations. He indicated that he only learned of this decision after the official announcement from BitMart was made public.Nenter Chow expressed that his primary concern at the moment is the safety of BitMart users' assets and the placement of employees, and he reminded users to only refer to BitMart's official channels for handling account-related matters.

A report released by the Bank of Korea on July 13 pointed out that the global semiconductor market is still in a state of supply shortage, and the chip supercycle driven by artificial intelligence (AI) is expected to last for a long time, which refutes market concerns that the chip cycle has peaked.The central bank's analysis states that the current chip cycle is different from previous ones, primarily driven by competitive investments made by companies to respond to the fundamental changes in the industrial ecosystem brought about by AI. At the same time, due to the current market being dominated by customized products such as high bandwidth memory (HBM), the pace of supply expansion is more constrained than in the past.Recently, concerns over excessive investment in AI infrastructure and potential oversupply of memory chips have triggered a sell-off in tech stocks, with significant declines in the stock prices of South Korean chip giants such as Samsung Electronics and SK Hynix. In response, the Bank of Korea stated that although there remains uncertainty regarding the speed of AI technology adoption and profit prospects, major investment banks such as JPMorgan, Goldman Sachs, and Morgan Stanley generally predict that the global semiconductor market will maintain strong momentum at least through next year.

Galaxy Research Director Alex Thorn posted on the X platform revealing that there has been a significant development in the case of abandoned bitcoins, where "Noah Doe" is attempting to obtain ownership of Satoshi Nakamoto's bitcoins through legal proceedings. The Bitcoin Policy Institute (BPI) has officially applied to intervene in the case as a defendant and seeks to push the court to dismiss all lawsuits.It is reported that BPI, represented by the law firm White & Case, has not only applied to intervene in the case but has also submitted a proposed defense document, 15 active defenses, and plans to file a motion to dismiss.Alex Thorn disclosed that BPI claims it is qualified to intervene because the organization has long self-custodied a portion of its bitcoin reserves intended for indefinite holding. The plaintiff's theory that "long-term inactivity constitutes abandonment" could potentially include similar assets in future lawsuits. If the legal logic of this case is ultimately supported by the court, it may set a precedent for depriving long-term self-custody users of asset ownership, making this lawsuit not only related to Satoshi Nakamoto's assets but also concerning the legal foundation of the entire bitcoin self-custody ecosystem.

According to Cointelegraph, the New York State Supreme Court faced a key defense in the lawsuit regarding the ownership of 39,069 long-unused Bitcoin addresses. An anonymous defendant controlling the dormant wallet involved in the case formally submitted a request to the court to dismiss the lawsuit outright. This anonymous holder presented a core legal argument: Bitcoin addresses are merely a string of data characters on the blockchain, do not belong to a legal entity, and are not eligible to be sued.In addition, industry perspectives highlighted a critical technical shortcoming of the case: even if the court ultimately rules in favor of the plaintiff's claim for rights, without possessing the corresponding private keys, the plaintiff would be unable to transfer or control this batch of Bitcoin assets on-chain, rendering the judgment practically unenforceable.The plaintiff in this lawsuit attempted to apply New York's lost property regulations, claiming that tens of thousands of long-sleeping BTC belong to unclaimed abandoned assets, intending to obtain full ownership of the assets through judicial means.

According to Bloomberg, the U.S. Court of Appeals ruled that the enforcement lawsuits by Nevada and Washington against the prediction market platforms Kalshi and Polymarket can continue in state court, and rejected the companies' request to pause the related cases during the appeal.The court stated that Kalshi and Polymarket failed to demonstrate that the state court lawsuits would cause irreparable harm, nor did they prove that their claims regarding federal question jurisdiction had a high likelihood of success. This ruling involves the enforcement actions by Nevada against Kalshi and Polymarket, as well as the case against Kalshi by Washington.

The People's Court of Gulou District, Fuzhou City recently concluded a dispute arising from investment in virtual currency. Chen transferred 480,000 yuan to Liu for foreign exchange wealth management, and Liu converted the funds into USDT and invested on an overseas platform. After the platform closed, Chen filed a lawsuit in court seeking a refund.The court reviewed the case and found that the transaction model formed a closed loop of receiving RMB, exchanging for USDT, cross-border transfer, and buying and selling foreign exchange, which constitutes a disguised foreign exchange transaction and is suspected of economic crime. The court ruled to dismiss Chen's lawsuit and transferred the relevant materials to the public security authorities for handling, with the Fuzhou Intermediate Court upholding the original ruling. The court reminded that investing in virtual currency violates relevant civil laws of public order and good morals, and any losses arising from this shall be borne by the investor.

According to Jinshi reports, the IPO documents show that only by voting through the class of stock controlled by Musk can he be exempted from his board seat or executive position at SpaceX.

The U.S. Department of Justice (DOJ) has expressed clear opposition to the latest request by Tornado Cash co-founder Roman Storm to dismiss criminal charges, stating that the recent Supreme Court ruling is unrelated to this case and should not serve as a basis for dismissal.Storm's attorney previously informed the court that he intends to cite a new Supreme Court ruling (involving a civil case of copyright infringement) to support the motion to dismiss. However, U.S. prosecutors pointed out in a letter to the federal judge that the ruling addresses a situation and industry completely different from the current criminal charges and therefore should not affect the handling of this case.This legal battle reflects the contradictory stance of the Trump administration towards the cryptocurrency sector: on one hand, the U.S. government has shown a relatively supportive policy inclination towards cryptocurrency, while on the other hand, it still insists on pursuing criminal liability against certain cryptocurrency project developers. Given the current situation, Storm may still face a retrial, and the case is expected to enter the courtroom again.

U.S. Senator Richard Blumenthal wrote to SEC Chairman Paul Atkins, questioning the brief tenure of former enforcement head Margaret Ryan and the reasons for her departure, and expressing concern over the SEC's dismissal of charges against Tron founder Justin Sun.Blumenthal stated in his letter that her sudden departure raises questions, especially amid reports that SEC leadership intervened in the enforcement division, limiting the progress of certain cases involving cryptocurrency companies. According to media reports, Ryan had attempted to strengthen investigations into fraud-related cases, including those involving individuals connected to President Trump, but faced opposition from some Republican leaders on the committee.In the Justin Sun case, the divisions are particularly evident. Previously, during the Biden administration, the SEC charged Sun and his affiliated companies with unregistered securities offerings through TRX and BTT tokens, and alleged market manipulation through wash trading, while also paying celebrities for undisclosed promotions. However, under the current administration, the SEC has dismissed several enforcement cases against cryptocurrency companies, including Coinbase, Kraken, and Binance, raising concerns in the market about changes in regulatory direction.

According to Cointelegraph, a court in Texas, USA, dismissed a lawsuit filed by crypto developer Michael Lewellen. Lewellen sought a declaratory judgment from the court, stating that his developed software Pharos (used for donating to charitable crowdfunding activities) would not be prosecuted for violating money transmission laws. U.S. Chief District Judge Reed O'Connor dismissed the case on Wednesday, stating that Lewellen failed to demonstrate a credible and imminent threat of prosecution.Lewellen expressed his disappointment on the X platform, saying, "I am disappointed that the court dismissed my lawsuit today." The court's dismissal opinion also referenced a memorandum from the U.S. Department of Justice, which stated that the department would no longer prosecute virtual currency exchanges, mixing services, or offline wallets for actions or inadvertent violations by their end users. Lewellen added, "The non-binding memorandum from the Department of Justice cannot replace true legal certainty."

According to Bloomberg, the lawsuit filed by OpenAI CEO Sam Altman's sister regarding sexual abuse allegations has been dismissed. U.S. District Court Judge Zachary Bluestone in Missouri ruled on Friday that the lawsuit was time-barred due to the allegations being too old and exceeding the statute of limitations. However, the judge also stated that Ann Altman could amend and refile the complaint.Her lawyer Ryan Mahoney stated, "The court's ruling only pertains to procedural issues and does not affect the substance of the allegations themselves." He added that the court has allowed the parties to submit a revised complaint, and the team will complete it as soon as possible and will continue with the planned discovery. Sam Altman's legal representatives declined to comment.

According to The Block, a federal judge in Alabama has dismissed the lawsuit accusing Binance entities and Binance.US operator BAM Trading Services of funding terrorism, ruling that the plaintiff's complaint does not meet the basic standards for a federal complaint.The district judge noted in the order that the plaintiff's amended complaint is flawed both legally and factually, characterizing it as a typical "shotgun complaint"—mixing multiple defendants and plaintiffs without clearly associating specific allegations with particular parties.The lawsuit was filed by victims and families of the attacks by Hamas and the Palestinian Islamic Jihad, seeking damages under the Anti-Terrorism Act and other laws. The complaint exceeds 100 pages and contains hundreds of allegations but repeatedly groups the defendants together without specifying the particular actions each entity is alleged to have taken. The judge has given the plaintiffs until April 10 to submit a revised complaint and warned that failure to correct the deficiencies would result in the case being dismissed.

Binance officially stated that the federal courts in the Southern District of New York and the Northern District of Alabama dismissed lawsuits filed by hundreds of plaintiffs against Binance and its founder Changpeng Zhao related to anti-terrorism last week, reiterating the legal standards required for such serious allegations.Binance forwarded a public response from the Democratic side of the U.S. House Foreign Affairs Committee, which previously mentioned that Binance admitted to violating Iran sanctions and was involved in money laundering allegations in 2023, as well as that Trump had pardoned Changpeng Zhao. In the statement, Binance emphasized its commitment to complying with sanction laws and looks forward to cooperating with both parties.

According to Bloomberg, this week, the lawyer of Chen Zhi, who is accused of being the head of a large-scale "pig butchering" scam gang, filed a motion in a New York federal court to dismiss the U.S. government's seizure of a batch of Bitcoin related to him. The lawyer argued that the prosecution's allegations regarding Chen Zhi's oversight of the scam operation lack specific evidence and are merely a vague description of the overall situation in Cambodia. They also questioned the timeline of the cryptocurrency seizure, stating that these Bitcoins could not possibly be the proceeds of fraud or money laundering.The U.S. Department of Justice announced the seizure of 127,271 Bitcoins controlled by Chen Zhi last October, which were valued at approximately $15 billion at the time. Chen Zhi had his nationality revoked by Cambodia in January this year and was extradited to China. Following sanctions from the U.S. and the U.K., over $1 billion in assets have been frozen or seized in Singapore, Hong Kong, Taiwan, and South Korea. Human rights organizations pointed out that after the closure of the scam operation, thousands of trafficked workers have flowed out from places like Sihanoukville, facing the risk of being sold again.