Author: John Smith

South Korea’s National Tax Service ruled on Aug. 28 that residents must continue reporting qualifying cryptocurrency accounts held with bankrupt overseas exchanges, even when trading and withdrawals are unavailable. Summary Korean residents must report qualifying overseas crypto accounts even when bankrupt exchanges block withdrawals entirely. Reporting applies when combined foreign account balances exceed 500 million won at any month-end annually. Affected taxpayers must submit declarations during June of the following calendar year to Korean authorities. Digital assets have been included in South Korea’s foreign account reporting regime since 2023 filings. Reported overseas digital asset holdings fell 5.4% to 10.5 trillion…

LeBron James teased an upcoming partnership with Polymarket on Sept. 5, placing the NBA star alongside a growing group of athletes and professional leagues working with prediction-market companies. Summary LeBron James confirmed an upcoming Polymarket partnership through a 14-second social media teaser Saturday publicly. CNBC reported the initial campaign will focus on American football, not rugby, citing one source. Neither James nor Polymarket has disclosed payment terms, ownership interests or campaign responsibilities yet publicly. NBA rules permit non-basketball endorsements while restricting player ownership stakes in NBA-related wagering companies directly. Polymarket has expanded sports partnerships across MLB, MLS, NHL, ATP Tour…

Federal Reserve researchers proposed a framework on Sept. 4 for deciding how stablecoins and other blockchain-based financial products could fit within U.S. money supply statistics. Summary Federal Reserve researchers said payment stablecoins could eventually qualify for inclusion within M1 or M2. Everyday payment use would support M1 classification, while short-term value storage would point toward M2. Tokenized bank deposits already appear within existing monetary aggregates because they remain legally conventional deposits. Retail tokenized money market funds are already included within M2 alongside traditional retail funds today. Stablecoin measurement still faces reporting, reserve double-counting and global circulation problems before any statistical…

Ethereum co-founder Vitalik Buterin outlined a longer-term transaction model on Sept. 6 that could allow the network to process some validation work in parallel. Summary Buterin proposed separating transaction actions from dependencies so Ethereum can optimize each component independently later. Dependencies include signatures, state proofs and validity conditions that transactions must satisfy before execution begins. Pure dependencies could be checked once by mempools and later compressed into recursive STARK proofs. EIP-8141 proposes frame transactions with programmable validation, execution and gas payment inside one transaction format. Ethereum developers have not approved EIP-8141 for a mainnet upgrade or published deployment dates yet.…

A British investor has recovered 61 bitcoin worth approximately £3.3 million, or about $4.5 million, more than 12 years after losing access to the cryptocurrency. Summary British investor recovered 61 BTC after proving ownership of funds held through collapsed exchange Intersango. His £1,500 investment produced recovered bitcoin valued around £3.3m after more than twelve years inaccessible. CEL Solicitors says it identified over 5,500 BTC potentially connected to other former Intersango customers. Claimants need historic bank statements, emails or exchange records demonstrating their individual bitcoin ownership rights. The law firm has not publicly disclosed the identified wallet address or complete recovery…

Bitwise’s Hyperliquid exchange-traded fund resumed accumulating HYPE on Sept. 4 after four days without a tracked purchase. Summary Arkham tracked Bitwise-linked wallets purchasing approximately $10.5 million in HYPE after four inactive trading days. BHYP’s tracked HYPE purchases reached $166.3 million since launch, according to Arkham’s on-chain address attribution. Friday’s allocation was the fund’s largest tracked purchase since buying $23.2 million on August 27. Bitwise launched BHYP on NYSE Arca in May, providing direct exposure to the HYPE token. The trust uses Anchorage Digital Bank for custody and targets staking 70% of its assets. Wallets linked to the fund acquired approximately…

Solana attracted approximately $348 million in net real-world asset flows over the latest 30-day period, placing it ahead of other tracked blockchain distribution networks. Summary Solana attracted $348 million in net distributed RWA flows during the latest thirty-day measurement period. Network distributed RWA value reached roughly $4.23 billion as tracked holder addresses climbed to 398,644. Solana hosted tokenized products from BlackRock, Franklin Templeton, VanEck, Circle, Ondo and WisdomTree by September. RWA net flows measure asset value changes and transfers rather than blockchain transaction volume alone. Ethereum and Stellar posted smaller thirty-day increases while Avalanche and XRP Ledger declined over period.…

Solana attracted approximately $348 million in net real-world asset flows over the latest 30-day period, placing it ahead of other tracked blockchain distribution networks. Summary Solana attracted $348 million in net distributed RWA flows during the latest thirty-day measurement period. Network distributed RWA value reached roughly $4.23 billion as tracked holder addresses climbed to 398,644. Solana hosted tokenized products from BlackRock, Franklin Templeton, VanEck, Circle, Ondo and WisdomTree by September. RWA net flows measure asset value changes and transfers rather than blockchain transaction volume alone. Ethereum and Stellar posted smaller thirty-day increases while Avalanche and XRP Ledger declined over period.…

Kraken is offering perpetual futures tied to the private-market valuations of OpenAI and Anthropic, giving eligible traders leveraged exposure before either artificial intelligence company completes a public listing. Summary Kraken offers cash-settled Anthropic and OpenAI pre-IPO perpetuals with maximum leverage of five times globally. The contracts provide price exposure without shares, voting rights, dividends or ownership in either company. Kraken excludes customers in U.S., EEA, Canada, Australia and New Zealand from these products entirely. Pricing uses a smoothed synthetic index with mark prices clamped within a 0.25% band continuously. Kraken plans to change pricing if either company completes an IPO,…

Chilean crypto exchange Orionx began permanently closing its operations on Sept. 3 after a forensic audit identified a custody shortfall exceeding $7 million. Summary Orionx began permanently closing after an audit found over $7 million missing from custodial wallets. Customer withdrawals remain suspended while Orionx calculates balances and prepares its planned asset restitution process. Chile’s financial regulator rejected Orionx’s authorization application in June and never supervised the platform’s activities. Orionx filed a criminal complaint against two cofounders who have categorically denied the company’s allegations. Tether led Orionx’s Series A financing in June 2025, fifteen months before the closure announcement. The…