News linked to this event type.
Odaily News: With the rapid advancement of artificial intelligence technology, retail investing is gradually moving toward automation. A growing number of investors have begun using OpenAI's ChatGPT and Anthropic's Claude for stock research, building personalized trading systems, automatically monitoring investment portfolios, rebalancing assets, executing tax-loss harvesting strategies, and implementing trading plans based on investment goals.Analysts note that AI-driven automated investment tools are steadily approaching mainstream adoption, though large-scale proliferation still faces challenges. Market attention is focused on the potential impact on brokerage business models, as well as the risks associated with enabling software to understand personal financial goals and autonomously execute investment decisions. Industry insiders believe AI could become critical infrastructure for retail investing, but ensuring algorithmic decision-making transparency and alignment with users' risk preferences remains a challenge that regulators and the industry must address. (CNBC)
Bloomberg Senior ETF Analyst Eric Balchunas commented on the Coldcard wallet security incident, questioning whether a company with only about 5 employees is suitable to undertake such critical Bitcoin storage responsibilities. He stated that the number of employees behind Coldcard "seems unbelievably low," asking whether people would be willing to store their life savings in a bank with only 5 employees headquartered in Canada. In the crypto industry, this might be viewed as a feature, but from a traditional finance perspective, it becomes a clear risk signal. Balchunas further stated that, in comparison, institutions with larger teams such as Coinbase and Ledger may hold advantages in security investment and operational capabilities, even if users need to bear higher transaction costs. Bitcoin ETFs offer another option: investors can obtain the security guarantees provided by large, professional, regulated financial institutions while also enjoying lower management fees.
According to the South China Morning Post, researchers from the People's Public Security University of China have developed an AI framework capable of detecting illegal cryptocurrency transactions, with an overall accuracy of 89.4%, a precision of 89.1% for illegal transactions, and a recall rate of 64.5%. The system combines dynamic graph neural networks, memory modules, and large language models. By analyzing transaction structures, fund flows, and historical illegal transaction patterns, it generates risk scores and reasoning chains, providing regulatory agencies with a traceable basis for decision-making. The research results were published in the peer-reviewed journal Journal of Intelligence, with the test dataset sourced from the public Elliptic Bitcoin transaction dataset, containing over 200,000 transaction nodes.
Odaily News, Tom Lee, Chairman of Bitmine, an Ethereum treasury company, said in a post on X that an increasing number of public institutions and major organizations have stepped forward to support the CLARITY Act. If the Act fails to pass smoothly, the U.S. could lose its leading edge in the digital finance sector and cede dominance to other countries. He also expressed that, as Ethereum marks its 11th anniversary, he looks forward to "exponential progress" for Ethereum over the next 11 years, continuing to drive growth in the digital asset and blockchain ecosystem.
as the suspected hacking incident involving Coldcard wallets continues to unfold, Bitcoin small-value transfers have surged significantly, reaching their highest level since the FTX exchange collapse, reigniting market discussions on Bitcoin self-custody security.Julio Moreno, Head of Research at CryptoQuant, disclosed data on X platform showing that the number of on-chain Bitcoin transfers below 1 BTC has risen to its highest level since November 2022, with approximately 39,600 BTC transferred in a single day—only about 300 BTC below the record of 39,900 BTC set on November 16, 2022, just days after FTX filed for bankruptcy. He believes that users proactively taking action to address risks is a positive signal. Additionally, Eric Balchunas, Senior ETF Analyst at Bloomberg, noted that Bitcoin ETFs, backed by a mature regulatory framework and convenience, may offer some users a safer investment approach.However, industry insiders point out that the Coldcard incident more likely reflects issues with a single wallet provider or specific security processes, rather than indicating a failure of the entire Bitcoin self-custody system. This event once again highlights the importance of security awareness, risk diversification, and wallet usage habits in personal asset management.
Odaily News - South Korea's financial regulatory authorities are pushing forward with amendments to the Capital Markets Act, planning to grant regulators "emergency intervention powers" to directly implement market stabilization measures during periods of severe stock market volatility. The Financial Services Commission (FSC) has initiated related legislative revisions together with the Financial Supervisory Service (FSS), focusing on single-stock leveraged ETF products that are believed to have amplified volatility during the recent market plunge. Proposed measures include adjusting leverage multiples and setting investment caps.Currently, certain single-stock leveraged ETFs in the Korean market employ leverage of up to 2x. Regulators are discussing whether to allow temporary reductions in leverage multiples during abnormal market fluctuations to mitigate risks arising from concentrated fund trading. This approach draws on recent regulatory measures in Hong Kong. The Securities and Futures Commission (SFC) of Hong Kong has previously permitted institutions that meet asset management capability, risk control standards, and disclosure requirements to adjust the multiples of listed leveraged and inverse products, providing room for dynamic market oversight.Korean regulators believe that under the current system, matters involving changes to return structures may require approval from fund holder meetings, making it difficult to meet the need for rapid response in extreme market environments. Therefore, they plan to establish an emergency regulatory mechanism that can be activated without complex procedures. Additionally, Korean financial regulators are considering: setting individual investment limits on single-stock leveraged ETFs, capping investment limits uniformly at approximately 20% to prevent excessive capital concentration, and introducing a simulation-based trading system to enhance investors' understanding of risks associated with leveraged products.Korean regulators stated that raising the basic margin requirement primarily raises the investment threshold, while investment limits function as a "cap" on capital inflows. Together, the two measures will form a complementary risk control system.Previously, starting July 31, South Korea raised the minimum margin requirement for investors in single-stock leveraged ETFs from 10 million Korean won to 30 million Korean won. Data shows that on the first day of the new rule's implementation, the trading volume of 16 related leveraged ETFs stood at approximately 3 trillion Korean won, only about one-fourth of the 12.4 trillion Korean won recorded the previous trading day and down roughly 80% from the 15 trillion Korean won level on July 29. (NATE)
Odaily News, OpenAI recently disclosed that it has successfully disrupted a cyber fraud organization based in Cambodia that used ChatGPT to assist in investment scams, romance scams, gambling fraud, and impersonation of law enforcement agencies. The investigation originated from leads shared with WhatsApp's security team. The organization was found to have used ChatGPT to create fake online identities, generate and translate scam scripts, produce promotional content for fraudulent schemes, and assist with daily operational tasks.OpenAI stated that it has banned ChatGPT accounts associated with the operation, shared relevant threat indicators with industry partners and concerned institutions, and taken measures to prevent these attackers from regaining access to its services. The specific financial losses caused by this fraud network have yet to be confirmed, but according to communications among the scammers themselves, the organization may have reached hundreds of victims, with some conversations mentioning victims losing thousands of dollars.
Odaily News: According to monitoring by Galaxy's Head of Research, a victim's Coldcard wallet was compromised in a hacker attack involving nearly 30 BTC, of which 17 BTC were swapped for ETH via THORChain and subsequently deposited into Duel.comcasino. The victim and a researcher have sent emails to all known addresses associated with Duel.comcasino, requesting that the relevant funds be frozen, and provided all transaction and deposit information. The hacker deposited 229.72497255 ETH, valued at $445,000, into Duel.comcasino—funds originating from the Coldcard attack involving approximately 30 BTC. The victim stated that Duel.comcasino responded by saying that the police would need to contact their team. Duel.comcasino's anti-money laundering policy claims it enforces Know Your Customer (KYC) procedures and complies with all applicable laws. Duel.comcasino was notified within minutes of the deposit being completed. To date, Duel.comcasino has not frozen the relevant funds. Since most of the Western world had already passed midnight at the time of the incident, police reports cannot be filed until at least Monday. If Duel.comcasino fails to freeze the funds, the victim will pursue legal action against them. Duel.comcasino's X account has been suspended, and Galaxy's Head of Research has also flagged individuals on X suspected of being associated with the platform, including team members and dealers: @korraflow, @atrois7, @MiaMalkova.
Odaily News: The U.S. Federal Bureau of Investigation (FBI) disclosed that cybercrime losses reported by Americans in 2025 approached $21 billion, with 181,565 complaints related to cryptocurrency and total losses exceeding $11 billion. New York Attorney General Letitia James testified before Congress on July 27 that the CLARITY Act, which would transfer primary regulatory authority over digital assets to the U.S. Commodity Futures Trading Commission (CFTC), could weaken states' ability to investigate fraud and hold cryptocurrency companies accountable. James called on crypto platforms to comply with anti-money laundering, know-your-customer, cybersecurity, and market surveillance requirements, and to bear financial responsibility for preventable fraud. Her office has seen nearly a threefold increase in cryptocurrency fraud complaints over the past three years, with related losses approaching $500 million over the past five years.
Odaily News: Domestic stablecoin funds in South Korea continue to flow to overseas exchanges. Data from the Financial Supervisory Service shows that in June 2026, the volume of stablecoins transferred from South Korea's top five crypto exchanges to overseas exchanges reached 2.7625 trillion KRW, while inflows amounted to 2.2022 trillion KRW, resulting in a net outflow of approximately 560.3 billion KRW (around $367 million).Data indicates that from January 2025 to June 2026, net outflows of stablecoins to overseas exchanges have exceeded inflows for 18 consecutive months. In the second quarter of this year, South Korea's net stablecoin outflow reached 1.6872 trillion KRW, while during the same period, net selling of overseas stock investments totaled 1.6185 trillion KRW. Analysts believe that stablecoins flowing overseas are primarily used for cryptocurrency derivatives unavailable on domestic exchanges, spot and futures products related to Korean stocks, as well as services such as RWA and DeFi.A South Korean lawmaker stated that capital outflows and high-leverage trading overseas have increased risks for investors, and the government needs to strengthen related regulations and protective measures. (Yonhap)
Odaily News, Galaxy Research Head Alex Thorn posted on X platform, stating that the attack targeting wallet addresses with weak random numbers generated by Coldcard is still ongoing. Users who still hold funds in Coldcard single-signature wallets should immediately migrate to secure addresses. New victim addresses and attacker addresses are continuously being added to the investigation database, and Galaxy Research plans to release updated statistics on the number of affected addresses.He noted that the previously identified waves 1, 2, and 3 of the attack exhibit clear programmatic characteristics, and the stolen BTC currently remains in the attacker's addresses without any transfers. However, in recent times, smaller-scale attackers have begun exploiting the vulnerability to steal funds and move them through peeling chains, cross-chain services, and other methods. It is certain that single-signature wallet addresses generated by Coldcard after the March 2021 firmware upgrade are all potentially at risk, and users should migrate funds as soon as possible.Previously reported, Galaxy Research has disclosed that the Coldcard vulnerability attack has affected approximately 1,367.05 BTC (approximately $88.6 million), involving around 4,585 addresses.
Odaily News: The U.S. Internal Revenue Service (IRS) issued a fraud alert on July 30, warning that scammers are mailing counterfeit IRS notices requiring cryptocurrency holders to register through a non-existent "Digital Asset Compliance Portal" before an urgent deadline. Each fraudulent letter contains a QR code that directs recipients to a website impersonating IRS.gov. The fake portal may request personal information, cryptocurrency wallet details, exchange login credentials, recovery phrases, private keys, or other data that could be used for theft. Cryptocurrency exchange Coinbase and cybersecurity firm Darktower traced the related infrastructure to a domain registered through a Hong Kong-based registrar shortly before the letters were distributed. Investigators found that the website is hosted in Romania, on a network previously associated with phishing pages impersonating financial institutions.
According to Livecoins, during a routine inspection of a scrap factory in Belo Horizonte, the Brazilian Minas Gerais State Military Police discovered an illegal Bitcoin mining farm on the second floor. At least 15 ASIC miners (suspected to be Bitmain Antminer S17 series) and three servers were seized on site, with the equipment valued at over 200,000 reais. Local energy company Cemig confirmed that the mining farm had been operating using stolen electricity for a long time, causing monthly losses of approximately 60,000 reais. A 37-year-old employee was arrested on the spot for theft and fencing stolen goods after failing to provide the source and invoices for the equipment, and two company executives were also placed under investigation. The police stated, "There may be some kind of criminal organization behind this," and are currently tracing the flow of the cryptocurrency mined by the farm.
Galaxy Research stated in a post on X that the attack targeting wallet addresses generated with weak randomness by Coldcard is still ongoing. The team urges users to immediately migrate funds from affected Coldcard single-signature wallets to secure addresses.They stated that approximately 600 suspected attacker addresses have been submitted to federal investigators, industry compliance bodies, and cross-industry cybersecurity investigators. These addresses are believed to hold funds stolen from Coldcard wallets with weak randomness.The team also noted that victims have proactively shared wallet addresses and transaction hashes, helping researchers establish on-chain attack patterns and further identify more affected wallets and attack addresses. Currently, multiple parties within the Bitcoin and crypto industry are assisting in user asset protection and attack tracing efforts.Galaxy Research previously stated in a post on X that a third wave of attacks suspected to target Coldcard-generated addresses has emerged, with 207.7294 BTC already transferred out. According to on-chain tracking data, the Coldcard wallet attack incident has so far involved approximately 1,367.05 BTC, valued at approximately $88.6 million, affecting 4,585 addresses.
Odaily News: Digital asset management firm Grayscale has called on U.S. Senate leaders to hold a vote on the CLARITY Act before the August recess, warning that further delay could undermine U.S. competitiveness in the digital asset market. The company sent letters to Senate Majority Leader John Thune and Minority Leader Chuck Schumer, stating that ongoing regulatory uncertainty continues to subject digital asset businesses to enforcement pressure in the absence of a unified federal framework. The CLARITY Act aims to allocate regulatory oversight of digital asset markets between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission, while establishing a unified set of national market rules. The legislation also addresses market structure, custody, enforcement, stablecoins, government ethics, developer protections, and safeguards for direct asset holders.
: Michael Saylor posted on X platform that the company announced its BTC monetization plan on June 29, which was earlier than the release of its second-quarter earnings, and it was not introduced after incurring losses.He stated that the company has never adopted a policy of "never selling Bitcoin," and the BTC monetization plan does not necessarily mean the company must sell Bitcoin. The company expects to continue being a net buyer of Bitcoin in the future.
Odaily News – Russia has expanded its cryptocurrency mining restrictions to cover Moscow, the Moscow region, and parts of the Kursk region. The relevant bans will take effect on August 15, 2026, and remain in place until December 31, 2032. According to Russian Government Resolution No. 936, the newly added restricted areas are primarily due to pressure on electricity supply. Russia had previously implemented similar mining restrictions in parts of the Republic of Buryatia and the Trans-Baikal Territory.Russia's Moscow Regional Energy Department stated that, amid the growth of data centers and rising electricity demand, curbing high-consumption cryptocurrency mining activities will help alleviate pressure on the power supply. Data shows that Moscow and the Moscow region currently host 65 data centers connected to the power grid, with a total capacity of approximately 734 MW. (Cointelegraph)
Odaily News: Dubai-based cryptocurrency exchange Shelbit has processed at least $4 billion in transactions since May 2024, serving as a hub connecting Iranian gambling websites, the Central Bank of Iran, and entities linked to Iran's Islamic Revolutionary Guard Corps. At least $676 million has been transferred from Shelbit-related addresses to Binance, including approximately $540 million moved after Dubai regulators fined the unlicensed exchange in January 2025. The report could not independently determine who within the Iranian government controls Shelbit, nor whether the Islamic Revolutionary Guard Corps directly operates the broader network.
Odaily News: Coinbase's Chief Policy Officer, while discussing the progress of the CLARITY ACT on The Hill, stated: "We have addressed the ethical issues, we have resolved the nomination concerns, and we have a bipartisan bill regarding its substance, which should be able to move forward."
Odaily News: The U.S. Securities and Exchange Commission (SEC) has frozen the approval of Nasdaq's QBTC bitcoin options in order to re-examine the decision after a legal challenge from CME Group. CME Group argues that, since bitcoin is a commodity, options linked to its value should fall under the jurisdiction of the U.S. Commodity Futures Trading Commission (CFTC), not the SEC. The approval remains suspended while the SEC reviews the dispute, with interested parties able to submit comments until August 24.