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The U.S. Securities and Exchange Commission (SEC) has filed civil lawsuits against 38 entities, accusing them of making significant false statements in the Form ADV documents submitted between 2025 and 2026, in order to present themselves as legitimate U.S. investment advisors and attract retail investors.The defendants include several entities involved in cryptocurrency business, such as CryptoOrbit, Ftaexchange, Pinnacle Crypto Exchange, Quantum Financial Institute, and RBH Infinity Exchange. The SEC has removed the relevant ERA filings of the aforementioned 38 entities from its website and is seeking a permanent injunction and civil penalties.

"Sun Yuchen sues Jing Tian" has topped the Weibo entertainment hot search.ChainCatcher previously reported, according to Sina Entertainment, Sun Yuchen's attorney Zhang Qihuai stated that Sun Yuchen has filed a civil lawsuit against Jing and her parents as defendants due to related property disputes, with the amount in question exceeding 30 million yuan. The case has been legally filed.The plaintiff has applied to the court for property preservation. After the case was accepted, the defendant Jing raised a jurisdictional objection, which is currently under court review. The case has not yet entered the substantive trial stage, and there is no final judgment result at this time.It is reported that Zhang Qihuai is a well-known lawyer in China, having represented high-profile cases such as Wang Baoqiang's divorce case, the second trial of Li Tianyi's case, and the Sun Yang doping case. Zhang Qihuai stated in a recent Weibo post that he will participate in this case as the attorney, but there is currently no confirmation from Sun Yuchen's side regarding this identity.

According to TIME, OpenAI CEO Sam Altman recently stated in an interview that the company has previewed the upcoming cutting-edge model series Astra to key clients. In the demonstration, 16 AI agents can collaboratively break down mathematical problems and assemble proofs, and Astra can operate computer software across applications at superhuman speeds. Altman mentioned that Astra will support "persistent agents" capable of performing long-term tasks and is expected to be the first model that can invent new things in a meaningful way, possessing characteristics of AGI.Over the past year, OpenAI has fallen behind expectations in product direction and pre-training research, being surpassed by Anthropic in programming products, annual revenue, and valuation. The company has experienced multiple executive departures and is facing challenges such as several product liability lawsuits and legal disputes with Apple and Musk. OpenAI's current valuation is nearly $1 trillion, with ChatGPT having over 1 billion monthly active users.Recently, OpenAI disclosed a security incident: an unreleased agent escaped the sandbox and attacked Hugging Face. Following this, the research team froze some experiments, enhanced monitoring, and paused the training of an unreleased model expected to bring the greatest capability leap until new safety measures are in place. Altman emphasized that "ensuring AI safety is more important than the growth momentum of any company," and the company will slow its pace and allocate resources to safety and alignment teams. Chief Research Officer Mark Chen estimated that the company is about 80% complete in reaching AGI, and Altman stated that the internal system may be referred to as AGI by the end of the year.

World Liberty Financial announced that its USD stablecoin USD1 has been natively issued on the Canton Network, allowing institutions to use the stablecoin for settling transactions involving tokenized real-world assets (RWA). According to the announcement, USD1 can serve as the cash leg for transactions such as derivatives collateral, institutional lending, and asset issuance and redemption. The native issuance enables it to settle in sync with tokenized assets within the same transaction, while maintaining Canton’s privacy and permission control mechanisms.According to DeFiLlama data, USD1 has a market capitalization of approximately $4.05 billion, making it the sixth-largest stablecoin, issued and managed by BitGo Bank & Trust for its reserves and minting redemption processes. USD1 was launched in March 2025, with reserves including short-term U.S. Treasury bills, government money market funds, and dollar deposits. World Liberty Financial is a crypto project supported by the Trump family, founded in 2024.Canton is a public blockchain aimed at institutional finance, issuing or processing over $90 trillion in tokenized assets monthly, with over $350 billion in on-chain U.S. Treasuries flowing through its network daily. Zak Folkman, co-founder and COO of World Liberty Financial, stated that institutions have put trillions of dollars in U.S. Treasuries and government debt on-chain, but the dollar settlement still relies on outdated infrastructure. The combination of Canton and the native USD1 allows real-world assets to complete dollar settlements with greater speed and privacy.

According to the New York Times, the U.S. Securities and Exchange Commission has issued subpoenas to major Wall Street banks, requesting information regarding the artificial intelligence hedge fund Situational Awareness trading.

Shanghai issued the "14th Five-Year Plan for Accelerating the Advancement of New Industrialization and Building a Modern Industrial System." The plan proposes to comprehensively enhance intelligent computing capabilities, tackle high-performance, low-power, and high-efficiency intelligent computing chips, improve cluster networking and cloud service capabilities, and explore innovative architectures such as heterogeneous computing, optical computing, and quantum artificial intelligence; optimize intelligent computing infrastructure and build an urban computing power network.The plan clearly states the continuous effort on large models, focusing on the research and development of the next generation of large models, overcoming key technologies such as architecture design and training optimization, promoting the coordinated development of chips, large models, and intelligent computing clouds, and building an independent ecosystem. It further promotes the "Model Power Gathering in Shanghai" initiative, accelerates the maturation of embodied intelligence technology, strengthens the autonomous full industrial chain layout of intelligent robots, enhances performance in key areas, and promotes real-world applications in key fields such as industrial manufacturing, logistics assembly, commercial retail, medical care, and housekeeping services. Among them, Jing'an District focuses on developing leading industry characteristic tracks such as ultra-high-definition audio-visual, data intelligence (data corpus and AI applications, blockchain), and beauty and health.

Canadian Ambassador to the United States, Mark Wiseman, stated that the Canada-U.S. trade negotiations broke down on the evening of the 22nd due to multiple issues. Wiseman noted that the written text of the potential agreement differed from the consensus that Canada believed existed, and it was not a single issue that led to the failure of the negotiations. The breakdown of the talks triggered a new round of tariff measures, which could lead to an escalation of the Canada-U.S. trade dispute.

The signals sent by the bond market to Treasury Secretary Basant in recent days indicate that one cannot simply sweep the $40 trillion U.S. national debt under the rug and pretend nothing is wrong. Basant announced plans to increase the scale of long-term Treasury buybacks this fall, promising to utilize the Treasury's vast "toolbox" to support the market, and mentioned upcoming measures to curb the ever-expanding U.S. debt burden.John Arnold, former Enron energy trader, billionaire, and founder of the Arnold Ventures charity, stated that the turmoil in the bond market this summer may ultimately just be "another quickly settled episode," but the greater concern is that the lack of change in the U.S. fiscal situation will persist until it ultimately triggers a crisis.Tracy Chen, global portfolio manager at Brandywine Global, expressed that she feels very anxious because Basant has failed to rein in long-term Treasury yields. The performance of the bond market indicates that bond vigilantes still do not trust him. Basant needs to do more to convince investors that the Trump administration is taking U.S. fiscal issues seriously, but discussing tax increases or austerity measures to boost revenue before the midterm elections in November will be unpopular.

According to CoinDesk, the Crypto Innovation Council (CCI) and the Blockchain Association recently filed a civil lawsuit in Sangamon County, Illinois, officially joining the legal challenge against the state's digital asset tax policy. This move follows a lawsuit initiated by the Digital Chamber last month, marking a further escalation of the industry's coalition against the measures.The plaintiffs accuse the state’s new tax law of violating the U.S. Constitution, the Illinois Constitution, and the Internet Tax Freedom Act. The controversy stems from the tax law's stipulation that any entity conducting business or providing services to residents in the state with an annual income exceeding $100,000 must pay a 0.2% tax on digital asset transactions or storage. Although lawmakers expect this measure to raise $6 million annually for the state budget, the plaintiffs argue that the lack of corresponding taxes on traditional assets constitutes a 'unique punitive treatment' of digital assets, allegedly resulting in unfair resource allocation through the tax code.

According to CNBC, Ken Griffin, founder and CEO of Citadel, issued an investor letter regarding the AI fund Situational Awareness. Ken Griffin stated that nearly 100 large trades have been completed, with a total amount exceeding $4 billion, and the risk exposure of the original portfolio has been reduced by over 80%.

During a podcast interview, Tom Lee was asked, "If you could only hold one for ten years, would you choose Robinhood or Kalshi?"Tom Lee responded, "I would choose Robinhood. They have a kind of moat and have established a real connection with their customers. Sometimes investors underestimate the importance of the Robinhood user interface."Tom Lee believes that predicting regulatory risks in the market is a very complex issue. It involves local regulatory agencies and court rulings.

According to The Block, at a meeting of the Commodity Futures Trading Commission (CFTC) Innovation Advisory Committee, CME CEO Terrence Duffy had a heated exchange with CFTC Chairman Michael Selig and Kalshi COO Luana Lopes Lara regarding regulatory issues in the prediction market. Duffy pointed out that some prediction market contracts are susceptible to manipulation, specifically mentioning contracts related to Trump's State of the Union address and the ousting of Venezuelan President Maduro that may be subject to manipulation. Selig interrupted, stating that these products are not listed in the United States, "this is fake news."Duffy retorted, "We can argue, I'm happy to." The two also clashed over a question from Kalshi COO about whether CME faces market manipulation issues, with Duffy stating, "I have more staff in my regulatory department than you and your entire company," to which Lopes Lara responded, "Maybe you should learn about efficiency," and Duffy shot back, "Maybe you should learn what a credible market is." This conflict comes at a time when federal and state regulators are vying for control over the regulation of prediction markets, with the CFTC having filed lawsuits against several states and proposed a regulatory framework draft.

According to GMGN data, the "Niu Lai" issuing address became active again 3 hours ago, issuing a new token "Golden Bull".Currently, this address has issued a total of 9 types of tokens, with transaction fee revenue reaching 203.34 BNB, approximately 130,000 USD.

According to the official announcement from the CFTC, the U.S. Commodity Futures Trading Commission (CFTC) announced that the Federal Court for the Southern District of New York has issued a supplemental consent order against former Alameda Research CEO Caroline Ellison and former Alameda/FTX co-founder Gary Wang. Ellison has been imposed a 5-year trading ban and a 10-year registration ban, while Wang has been imposed a 5-year trading ban and an 8-year registration ban, with the bans effective from the date of the initial consent order on December 23, 2022.Given that both individuals provided substantial cooperation in the CFTC investigation and related criminal proceedings—including pleading guilty in the criminal case and jointly bearing a $11.02 billion criminal forfeiture order—the CFTC stated that it is not currently seeking additional restitution, recovery, or civil penalties, and this supplemental order formally concludes the CFTC's enforcement actions against the two.

OKX CEO Star stated that OKX is collaborating with Anthropic to address issues related to its corporate accounts. Earlier, Bloomberg reported that OKX was suspended due to Hong Kong employees violating Anthropic's geographical restrictions to access Claude, and has prohibited employees residing in Hong Kong or passing through China from using Anthropic's Claude AI model.Additionally, Star posted that the monthly cost for AI usage is between 6 million to 8 million dollars, and has built an internal AI development platform called Oli, which integrates multiple cutting-edge models to provide advanced AI capabilities and development tools for product managers and engineers.

Marvell Technology (MRVL.O) has issued a warrant to Google to purchase up to 58.97 million shares of stock.

According to Decrypt, blockchain forensics company Chainalysis Government Solutions filed a procurement protest on July 27 in the U.S. Federal Claims Court, opposing the U.S. Immigration and Customs Enforcement (ICE) awarding a contract worth approximately $94.6 million to competitor TRM Labs through a sole-source method.The contract period is from July 1, 2026, to June 30, 2027, involving blockchain forensics software and support services for Homeland Security Investigations into fraud, cybercrime, and sexual extortion cases. Chainalysis believes that ICE's decision is arbitrary and unreasonable. TRM Labs joined the case as an intervenor defendant on July 28, defending the contract alongside the U.S. government.The court allowed Chainalysis to temporarily seal the complaint, with oral arguments scheduled for September 2; ICE stated that after approximately 6 days of market research, it determined that none of the 8 responding companies could meet the requirements.

According to Bloomberg, Google's parent company Alphabet launched its first Australian dollar bond issuance on August 18, planning to raise approximately 5 billion Australian dollars (about 3.6 billion US dollars). The funds raised will be used to address the ongoing rise in AI infrastructure spending.This issuance is underwritten by institutions such as Australia and New Zealand Banking Group (ANZ), offering Australian dollar notes with four different maturities, with the longest term reaching 20 years.

The GitHub official status page shows that the platform is currently experiencing service disruptions, with multiple core functionalities experiencing decreased availability.According to the latest announcement, the error rate for GitHub's web interface and API requests reached about 20%, while the error rate for repository archive downloads and raw repository content downloads was around 50%. Additionally, SAML and OIDC authentication, SCIM, and Team Sync functionalities are also affected.Currently affected services include: decreased performance of Pull Requests; decreased performance of Issues; decreased performance of Actions; decreased performance of Webhooks; anomalies in API Requests; decreased availability of GitHub Copilot.GitHub stated that the team is continuously investigating the root cause of this incident and will provide further updates once more information is available.As of now, GitHub has not disclosed the specific cause of the outage, nor has it indicated whether it involves a security incident. This service disruption may affect developers and enterprise users who rely on GitHub for code hosting, continuous integration and deployment, and AI-assisted development.

According to Ledger Insights, Africa Finance Corporation issued digital bonds worth 350 million Swiss francs (approximately 431 million USD) through the SDX platform of the Swiss Stock Exchange (SIX). This marks the first time an African institution has issued digital bonds through a Central Securities Depository (CSD) and an exchange.The five-year bond has a coupon rate of 1.4925% and is one of the larger digital bonds on the platform, although UBS had previously issued bonds worth 375 million Swiss francs in 2022. This transaction was arranged by Commerzbank AG (technical lead) and Deutsche Bank.