A federal jury convicted Las Vegas business owner Brent C. Kovar on Monday of defrauding 400 investors of $24 million through a cryptocurrency Ponzi scheme operated via his company Profit Connect. Kovar was found guilty of 11 counts of wire fraud, two counts of mail fraud, and two counts of money laundering, exposing him to a statutory maximum of 280 years in prison. Sentencing is scheduled for November 30, 2026.

IG confirmed on Monday, August 24, that it had experienced a technical problem preventing some clients from logging into its trading platforms, with reports from the UK, Ireland, Singapore and Australia clustered around the US market open. A company spokesperson said the issue had been fully resolved. Users across multiple regions reported difficulties accessing accounts through the broker's desktop platform and mobile application, though the technical cause was not disclosed.

According to OKX, on August 25, the exchange updated its Web3 Wallet to support multi-address portfolio management, enabling users to monitor combined balances and performance through a single interface. The platform now supports integrations across more than 80 blockchains, allowing users to import and manage multiple self-custody addresses without transferring assets into one wallet. The update includes watch-only wallet functionality, letting users track holdings without exposing private keys

Apple unveiled its M6 chip, marking the company's first 2nm silicon, alongside the M5 Ultra for professional workflows. The M6 features dual 16-core neural engines for on-device AI workloads and will power the new Mac Mini, while the M5 Ultra is designed for the new Mac Studio with enhanced performance for 3D rendering and advanced AI model execution. Both computers open for pre-order this Tuesday and launch officially on September 22.

According to a Tuesday press release shared with Cointelegraph, Chainalysis-led Operation Lighthouse identified more than 7,700 suspect accounts linked to child sexual abuse material (CSAM). The operation investigated 29,120 crypto addresses and digital identifiers across over 100 CSAM platforms and distribution networks, generating 14,300 investigative leads across 11 crypto exchanges and payment services. Suspects were flagged across 125 countries, including 16 registered sex offenders, milita

According to ChainCatcher, Fed Chair Kevin Powell's speech at Jackson Hole on Friday (August 29) is expected to provide crucial signals on monetary policy and debt management amid rising long-term U.S. Treasury yields. The Federal Reserve currently holds approximately $1.6 trillion in long-term Treasury debt, and markets anticipate Powell may signal a dovish stance to address inflation and fiscal concerns.

According to BlockBeats, Fed Chair Kevin Powell is expected to signal a dovish stance on Friday, August 25, at the Jackson Hole Economic Symposium as long-term U.S. Treasury yields remain elevated. The market anticipates Powell may ease concerns over inflation and fiscal risks amid divergence between the Federal Reserve and Treasury Department on debt management. The Treasury recently shifted financing pressure to shorter-term debt while accelerating long-term buybacks, betting on future rate cu

According to The Information, LayerZero will launch ATLAS, a blockchain exchange for financial institutions, this fall. The platform will not offer consumer-facing applications but will serve as an underlying trading infrastructure for other trading platforms and financial institutions. ATLAS will initially support spot crypto token and perpetual futures trading, with plans to expand to prediction markets, futures, and options in the future.

Low sulfur fuel oil (LU) main contract futures fell 6.00% during intraday trading on August 25, 2026, closing at 4,793.00 yuan per ton.

According to reports from Keji Chuangban Daily, on August 25, Alibaba founder Jack Ma and management team members have collectively increased their holdings of Alibaba shares by over 800 million Hong Kong dollars in recent days. Ma's purchases exceeded 600 million HKD, while Vice Chairman Cai Chongxin accumulated 160 million HKD in holdings over two days, and Chief Executive Wu Yongming purchased approximately 40 million HKD worth of shares at an average price of approximately 111.6 HKD per shar

According to Ukrainian President Zelenskyy on August 25, the United Kingdom and France formally agreed to provide production licenses for Storm Shadow missiles to Ukraine. Zelenskyy confirmed the agreement during a meeting with Estonian President Karis in Kyiv.

According to the S&P/Case-Shiller 10-City Home Price Index, the monthly rate of change in June was 0.52%, down from 0.94% in the previous month.

According to MEXC Ventures and Blockworks Research, average daily stock futures trading volume among MEXC users in Asia surged 3,308% quarter over quarter in Q2 2026. A joint report released today found that 87.2% of Asian respondents intend to expand their traditional finance trading activities through centralized exchanges, with 62.6% identifying precious metals as their primary cross-asset focus on these platforms.

According to MEXC Ventures and Blockworks Research report released today (August 25), average daily Stock Futures trading volume among MEXC users in Asia surged 3,308% quarter over quarter in Q2 2026. The joint report, titled "The Cross Asset Shift," examines how crypto users in Asia are trading gold, stocks, and traditional financial assets through crypto exchanges. Meanwhile, 87.2% of surveyed Asian respondents indicated they plan to increase their traditional finance (TradFi) trading through

According to Nasscom statement on Tuesday, Indian IT enterprises have significantly reduced H-1B visa worker employment in the U.S. over the past five years as they expand domestic U.S. hiring operations. Nasscom, which represents India's $315 billion information technology sector, said the shift means the industry faces reduced vulnerability to the Trump administration's latest high-skill visa policy tightening.

The U.S. FHFA house price index rose 0% month-over-month in June, missing market expectations of 0.2% and falling short of the prior month's 0.3% increase. The slower-than-expected housing price growth signals a deceleration in the residential real estate market.

The S&P/Case-Shiller 20-City Home Price Index rose 2.1% year-over-year in June, exceeding the expected increase of 1.8% and the prior month's reading of 1.63%.

According to FHFA, the U.S. home price index rose 2.3% year-over-year in June, with the previous reading revised upward to 2.4% from 2.2%.

According to S&P Dow Jones Indices, the U.S. S&P/CS 20-City Home Price Index posted a 0.4% month-on-month increase in June, down from 0.9% in the previous month.

China's domestic futures contracts fell sharply in the night session on August 25, with fuel oil and low-sulfur fuel oil (LU) dropping over 5% each. Ethylene glycol (EG), crude oil (SC), and synthetic rubber declined over 3%, while asphalt, methanol, and styrene (EB) fell over 2%. Shanghai zinc and Shanghai lead posted modest gains.