According to Cointelegraph, a federal judge in New York has mandated Eddy Alexandre, the founder of the now-defunct cryptocurrency platform EminiFX, to pay over $228 million in restitution. This decision follows the court's determination that EminiFX operated as a Ponzi scheme, defrauding tens of thousands of investors. The U.S. Commodity Futures Trading Commission (CFTC) achieved a summary judgment against Alexandre and EminiFX, with U.S. District Judge Valerie Caproni holding them jointly responsible for the restitution amount and an additional $15 million in disgorgement. The court's ruling comes more than three years after Alexandre was initially charged and over a year following his guilty plea in a related criminal case. EminiFX, which launched in 2021, quickly amassed over 25,000 investors, raising more than $262 million within eight months. The company falsely promised weekly returns ranging from 5% to 9.99% through a "Robo-Advisor Assisted Account," which purportedly utilized automated trading strategies in cryptocurrency and forex markets. However, court documents revealed that the platform incurred net losses of at least $49 million and never implemented the advertised technology. Investigations uncovered that Alexandre diverted at least $15 million for personal expenses, including credit card payments, luxury vehicles, and cash withdrawals. Investor withdrawals were funded using commingled funds from new participants, a hallmark of Ponzi schemes. Alexandre's legal troubles began in May 2022 when prosecutors and the CFTC initiated parallel actions. In the criminal proceedings, he confessed to commodities fraud and received a nine-year prison sentence, along with a $213 million restitution order. The civil case, now concluded with Judge Caproni's order, imposes a parallel restitution and disgorgement requirement, although any restitution payments will offset his disgorgement obligation. The court-appointed receiver, tasked with managing the recovery and distribution of assets since 2022, commenced disbursing recovered funds to victims earlier this year after a distribution plan was approved in January. Meanwhile, losses from cryptocurrency hacks, scams, and exploits have reached $2.47 billion in the first half of 2025, as reported by CertiK. Although the second quarter saw $800 million lost across 144 incidents—a 52% decrease in value and 59 fewer hacks compared to the first quarter—the total losses for the year have already increased by nearly 3% from 2024.

U. S. Ethereum (ETH) exchange-traded funds (ETFs) recorded $196. source: https://finbold.com/institutions-dump-almost-200m-in-ethereum-heres-why/

A US judge ruled EminiFX and its founder, Eddy Alexandre, must repay $228 million after running a Ponzi scheme that defrauded thousands of investors. source: https://cointelegraph.com/news/court-orders-eminifx-founder-repay-228m-ponzi-scheme?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Bank of America is exploring entry into the stablecoin market, but will move forward only if U.S. regulations are clear. CEO Brian Moynihan said the bank plans to work with industry partners to ensure compliance while offering faster, more efficient digital payments.

Major Wall Street trade associations including Global Financial Markets Association formally urge Basel Committee to pause implementation of 1,250% crypto capital requirements, arguing the 2022 framework has become outdated due to rapid DLT developments and explosion of regulated digital asset markets. source: https://cryptonews.com/news/wall-street-groups-urge-basel-to-rethink-outdated-1250-crypto-capital-rules/

Extreme crowd fear has often marked local bottoms, with BTC prices moving opposite to social media sentiment. source: https://cryptopotato.com/is-this-the-moment-to-buy-bitcoin-as-btc-sentiment-sinks-to-fear/

Spot Bitcoin and Ethereum exchange-traded funds (ETFs) in the United States recorded nearly $1 billion in combined outflows on Aug. 19, extending a current streak of investor withdrawals. These heavy outflows can be linked to the recent price corrections in the crypto market source: https://cryptoslate.com/us-bitcoin-and-ethereum-etfs-face-1-billion-outflow-amid-market-dip/

Elon Musk is pulling away from his plans to launch a new political party, just weeks after telling his 200 million X followers that the America Party would be his answer to a broken two-party system. According to Wall Street Journal, Elon has started telling people close to him that he doesn’t want to risk […] source: https://www.cryptopolitan.com/elon-gives-up-on-launching-political-party/

Cardano is currently valued at $0.85, but let's explore the potential implications and possibilities that could arise if traditional banks decided to actively participate in its ecosystem. What changes might occur in the market, how would investor sentiment be affected, and what innovative financial products could emerge from such a collaboration? The involvement of banks could not only legitimize Cardano but also pave the way for increased regulatory clarity and mainstream adoption of cryptocurrencies as a whole. source: https://blocknews.com/cardano-at-0-85-but-what-if-banks-jumped-in/

ارتفعت أسعار النفط يوم الأربعاء بعدما عادت المخاوف بشأن الإمدادات بقوة. وثانيًا، جاء هذا الارتفاع مع تعثر محادثات السلام لإنهاء الغزو الروسي لأوكرانيا مما يطيل العقوبات. وبالإضافة إلى ذلك، زادت احتمالات فرض قيود جديدة على مشتري النفط الروسي. ومن ناحية أخرى، سجل خام برنت العقود الآجلة 65 source: https://www.twsiat.com/%d8%a7%d8%b1%d8%aa%d9%81%d8%b9%d8%aa-%d8%a3%d8%b3%d8%b9%d8%a7%d8%b1-%d8%a7%d9%84%d9%86%d9%81%d8%b7-%d9%8a%d9%88%d9%85-%d8%a7%d9%84%d8%a3%d8%b1%d8%a8%d8%b9%d8%a7%d8%a1-3/

Pump. fun regained its market dominance in the Solana memecoin launchpad space, gaining over 73% in market share in the last seven days. source: https://cointelegraph.com/news/pumpfun-solana-memecoin-revenue-lawsuit-august-2025?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Illinois Governor JB Pritzker pointed his fingers at President Donald Trump, calling him responsible for the degrading of the crypto laws in the United States after letting so-called "Crypto bros" write the federal policy.

As competition in the AI field becomes increasingly fierce, TeraWulf's development footprint is providing a transformation model for more crypto mining companies.

A viral craze sparked by Zora allowed Base to surpass Pump.fun and LetsBonk, but Solana still leads in terms of users, transaction volume, and overall activity.

Fed official Michelle Bowman has called for staff to be allowed to hold small amounts of crypto, saying direct use would improve oversight. She argued the ban harms recruitment and urged regulators to take a more open approach to new technologies like blockchain.

Bitcoin investors could be overlooking the impact of a more dovish Federal Reserve—an outcome that hinges on who President Donald Trump appoints to succeed Jerome Powell as Fed Chair, according to economist Alex Krüger.

What is Ethereum's withdrawal queue mechanism? How does it work? What is its significance?

Circle has acquired the Malachite consensus engine from Informal Systems to power its new Arc blockchain for stablecoin payments. The move aims to speed up transactions, keep Malachite open-source, and support developers building financial applications on Web3.

The US president seeks votes, while the Federal Reserve maintains its credibility. The incompatibility of the two is a true reflection of the functioning of the American system.

In the article, Tiger Research analyzed potential scenarios for Upbit and Bithumb to launch their own blockchains.