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News Center

Read in-depth analysis of crypto news

AllImportant
Monday, 08/24/2026

U.S. soldiers are accused of using non-public information to profit over $400,000 on Polymarket, and the CFTC's involvement in the criminal case is opposed

Gannon Ken Van Dyke is an American soldier accused of using non-public information to trade event contracts related to the ousting of Venezuelan President Nicolás Maduro on the prediction market platform Polymarket, profiting over $400,000. U.S. authorities charged him with fraud in April. The Commodity Futures Trading Commission (CFTC) had previously filed a civil lawsuit against Van Dyke, but a federal judge has ruled to postpone the proceedings until the outcome of the criminal case is determined.The CFTC has applied to submit an amicus brief to express opinions on whether the event contracts fall under its regulatory scope as "swaps." Van Dyke's attorney filed documents on Monday with the U.S. District Court for the Southern District of New York opposing the CFTC's intervention in the criminal case, stating that the agency should face its own case directly. Van Dyke has pleaded not guilty to all charges, and the criminal trial may begin as early as late 2026 or early 2027.
ETHUSDT--SOLUSDT--SUIUSDT--

US Treasury Secretary: Entities Aiding Iran Money Laundering to Be Cut Off From Dollar System, New Sanctions Target Five Key Sectors

Odaily News: Bitcoin News posted on X that "the clock has started ticking," and US Treasury Secretary Scott Bessent will take measures against those trading bitcoin with Iran. Scott Bessent warned global financial institutions that any entity assisting Iran in money laundering will be cut off from the dollar system. The new US sanctions target five key sectors involved in Iran's overseas operations: digital assets, technology, gold, aviation, and shipping. Scott Bessent said these measures expand the scope of secondary sanctions risk, and any entity that continues to do business with the regime will face related risks.

BTCUSDT--XAUTUSDT--

Data: Huang Licheng opens a BTC rolling position with an additional $12 million long position, increasing the total position to approximately $87.44 million

According to TradingBeats monitoring, after Bitcoin returned to $80,000 after 101 days, Huang Licheng opened a long position roll-over, adding another $12 million long position in nearly 10 minutes. His current positions are as follows:BTC long position approximately $87.44 million, floating profit approximately $50,000, opening price $79,449.30, liquidation price $72,419.26;ETH long position approximately $57.40 million, floating profit approximately $2.49 million, opening price $2,392.66, liquidation price $2,159.41;HYPE long position approximately $19.39 million, floating loss approximately $80,000, opening price $79.46, liquidation price $46.14;PUMP long position approximately $14.69 million, floating loss approximately $740,000.
PUMPUSDT--ETHUSDT--BTCUSDT--

Data: Huang Licheng's Bitcoin long position increased to 75.79 million USD, with an opening price of 79,390.5 USD

According to TradingBeats monitoring, Huang Licheng has continuously increased his position in Bitcoin with over 40 times long positions, surpassing his traditionally favored Ethereum. His current holdings are as follows:BTC long position of approximately $75.79 million, with an unrealized profit of about $370,000, opening price of $79,390.50, liquidation price of $70,404.71;ETH long position of approximately $59.05 million, with an unrealized profit of about $2.95 million, opening price of $2,392.29, liquidation price of $2,135.52;HYPE long position of approximately $19.50 million, with an unrealized profit of about $30,000, opening price of $79.46, liquidation price of $41.79;PUMP long position of approximately $14.94 million, with an unrealized loss of about $500,000.
PUMPUSDT--ETHUSDT--BTCUSDT--

SpaceXAI Adopts Nvidia Vera CPU to Accelerate Agentic AI

Odaily News: SpaceXAI has adopted Nvidia's Vera CPU to accelerate Agentic AI. Nvidia stated that SpaceXAI will launch the Starmind AI satellite using the Nvidia Vera Rubin NVL72 system. Nvidia's AI inference accelerator, Groq 3 LPX, has entered full production. NVIDIA Vera is the first CPU designed specifically for AI agents, aimed at accelerating CPU-intensive workloads in model inference—from tool use and code execution to data processing, orchestration, and simulation.

XAIUSDT--SPCXUSDT--ARMUSDT--

Super League Raises $2.3 Million in First ATM Offering

Odaily News: Super League is the Bitcoin treasury subsidiary of Japan's Metaplanet established in the United States. This fundraising marks the company's first capital raise through an ATM offering since the related transaction was announced. Metaplanet is raising funds through capital markets on two continents.

Four Public Companies Add 1,371 BTC Worth $108 Million

Odaily News: Lookonchain posted on X that from Aug. 17 to Aug. 23, 2026, the total stablecoin market cap increased by $2.19 billion, DEX spot trading volume rebounded 91.62% week-over-week, and perpetual contract trading volume rebounded 104.06% week-over-week. Protocol revenue rebounded 13.40% week-over-week, with Ostium's weekly revenue surging 6,435%.

Last week, four public companies collectively added 1,371 BTC, worth $107.96 million. Strategy did not buy or sell BTC, while Bitmine bought 32,447 ETH, worth $81.01 million.

ETHUSDT--BTCUSDT--

Fu Peng: AI Narrative Shifts From Rewarding Cash-Burning Expansion to Punishing Capital Spending

Odaily News: Fu Peng stated that the market is currently in a vacuum period for proving or disproving AI's complete viable business loop. The market's euphoria has cooled, switching from a logic of "rewarding the capital expenditure arms race" to "punishing the capital expenditure arms race."

In this environment, the previous punishment of Google for negative free cash flow and the shift to Apple in US stocks is a typical switch, and the same thing is now happening among Chinese internet giants. Alibaba's capital expenditure (CapEx) surged significantly this quarter, leading to consecutive net outflows of FCF (free cash flow). When massive AI computing power and infrastructure investment cannot form a profit loop of comparable scale in the short term, high-intensity capital expenditure consumes offshore cash. Investors had already begun to seriously doubt the marginal return on capital, and the global market is half-skeptical about the complete AI loop narrative. On top of that, the announcement of a massive placement/convertible bond financing amounts to diluting existing shareholders' equity.

Michael Burry, the big short, reduced or even liquidated his Alibaba position and instead heavily bought or increased his JD.com position. This is actually the same logic as investors switching from Google to Apple: the market now treats as safe those who maintain relatively restrained balance sheet expansion, who do not consume FCF to chase the AI arms race or resort to further financing, and who have high certainty in executing buyback plans.

AAPLUSDT--GOOGLUSDT--CAPUSDT--

ZachXBT: BitcoinIRA and iTrustCapital are suspected of experiencing data breaches this year that have not been publicly disclosed

On-chain detective ZachXBT stated that after reviewing relevant evidence, he found that two American investment platforms, BitcoinIRA and iTrustCapital, allegedly experienced data breaches this year, but neither seems to have publicly disclosed it yet. The leaked information reportedly includes personal details, portfolio, bank and custody account information, verification status, and more.He cited an example where the attacker "Tiffany" targeted a BitcoinIRA user using the relevant database in June this year and stole over $1.2 million. ZachXBT indicated that he contacted both companies for comments on August 21, but had not received a response by the time of publication.
BTCUSDT--CAPUSDT--

Data: Huang Licheng increased his Bitcoin long position by more than 40 times to 39.45 million USD, with an average opening price of 78,890.2 USD

According to TradingBeats monitoring, Huang Licheng increased his Bitcoin long position by more than 40 times 4 minutes ago, raising his position to 39.45 million USD, with an opening price of 78,890.20 USD and a liquidation price of 62,268.27 USD.Huang Licheng also holds ETH long positions, with a position value of approximately 6.25 million USD and an average entry price of 2,390 USD;He holds HYPE long positions, with a position value of approximately 2 million USD and an average entry price of 79.4 USD;He holds PUMP long positions, with a position value of approximately 14.17 million USD.
PUMPUSDT--ETHUSDT--BTCUSDT--

The head of Zondacrypto faces fraud charges and seeks a reduced sentence in exchange for testimony

Przemysław Kral, the head of the Polish cryptocurrency exchange Zondacrypto, is reportedly facing criminal charges for involvement in a large-scale fraud and has begun cooperating with Polish prosecutors. According to Polish media Onet, Kral is seeking a reduced sentence in exchange for testimony, which may involve Zondacrypto's funding of right-wing political figures.Prosecutors estimate that Zondacrypto customers have lost at least 2.4 billion Polish złoty (approximately 650 million USD). Investigators claim that the exchange only used a portion of customer funds to purchase cryptocurrencies, while the remaining funds were transferred to private accounts controlled by Zondacrypto's management. Kral has remained silent on X since mid-April when he publicly disclosed that Zondacrypto could not access a cold wallet holding approximately 4,500 bitcoins. He denies misappropriating funds, stating that the private keys for the wallet were supposed to be handed over by Zonda's founder and former CEO Sylwester Suszek, who has been missing since 2022.Reports also state that Zondacrypto was a major sponsor of the Polish CPAC conference, which took place before the second round of the presidential election, ultimately won by Karol Nawrocki. The exchange spent 37 million złoty on advertising with the broadcasting station Telewizja Republika in the last year, while Kral's company also made payments to foundations associated with politicians Zbigniew Ziobro and Przemysław Wipler.
BTCUSDT--GUNUSDT--PHAROSUSDT--