According to PANews, the cryptocurrency market experienced significant sell-offs this week, following a strong performance in the previous week. This development was not entirely unexpected due to decreased volatility and the anticipation of key data releases next week. Bitcoin is facing the risk of a double top and has not shown significant measures to counteract this effect. Meanwhile, Ethereum, after reaching a new high last Saturday, has seen further corrections. Although Ethereum's outlook appears more favorable than Bitcoin's, its performance remains closely tied to Bitcoin's trends. Key events for the upcoming week include a speech by 2025 FOMC voting member and St. Louis Fed President Mussa Alem on the U.S. economy and monetary policy at 21:00 UTC+8 on Wednesday. This will be followed by the release of U.S. July JOLTs job openings and factory orders at 22:00 UTC+8. On Thursday, at 01:30 UTC+8, 2026 FOMC voting member and Minneapolis Fed President Kashkari will participate in a fireside chat. The Federal Reserve's Beige Book on economic conditions will be released at 02:00 UTC+8. Further, on Thursday at 20:30 UTC+8, data on initial jobless claims for the week ending August 30 and the U.S. July trade balance will be released. At 23:30 UTC+8, FOMC permanent voting member and New York Fed President Williams will speak at the New York Economic Club. On Friday, at 07:00 UTC+8, 2025 FOMC voting member and Chicago Fed President Goolsbee will deliver a speech. Later, at 20:30 UTC+8, the U.S. August unemployment rate, non-farm payrolls, and average hourly earnings will be announced. The ongoing weakness in the labor market is expected to reinforce market expectations for a rate cut in September and revive hopes for a third 25 basis point cut this year. U.S. President Donald Trump emphasized at the Jackson Hole meeting that short-term inflation risks are skewed to the upside, while employment risks are tilted to the downside.

According to Cointelegraph, an Indian anti-corruption court has sentenced 14 individuals, including 11 police officials and a former Bharatiya Janata Party (BJP) Member of Legislative Assembly (MLA), to life imprisonment for their involvement in the kidnapping and extortion of cryptocurrency from a businessman based in Surat in 2018. The verdict was delivered by Special Judge B.B. Jadav in Ahmedabad, who found the group guilty of criminal conspiracy, kidnapping for ransom, illegal detention, and assault. Among those convicted are former Amreli district superintendent of police Jagdish Patel and ex-MLA Nalin Kotadiya. The 11 police officers, including former IPS officer Patel, were also found guilty under the Prevention of Corruption Act for misconduct by public servants. The case revolves around businessman Shailesh Bhatt, who had reportedly recovered a portion of his lost investment from BitConnect developer Dhaval Mavani in the form of Bitcoin (BTC) after the $900 million company he invested in shut down. Upon learning that Bhatt managed to recover some of his investments, Kotadiya and senior officers in Amreli allegedly orchestrated a plot to seize the cryptocurrency. On February 11, 2018, Bhatt was abducted and illegally held at Keshav Farm near Gandhinagar. The kidnapping was led by Amreli local crime branch inspector Anant Patel and involved multiple officers. Bhatt was reportedly beaten and coerced into admitting that he had received 752 Bitcoin from Mavani and had stored 176 of them with his associate, Kirit Paladiya. The remaining were sold for approximately $5 million. Bhatt was released only after agreeing to transfer a portion of the Bitcoin and $3.6 million in cash. When the deal fell through, the accused forced Bhatt to sell 34 Bitcoin from Paladiya’s wallet, resulting in an extortion of $150,000. Bhatt later filed a complaint with the Union home ministry, prompting a criminal investigation and the arrest of 15 individuals. The prosecution, led by special public prosecutor Amit Patel, presented 173 witnesses during the trial. The court also ordered the confiscation of gold ornaments recovered from Amreli SP Patel, which will be transferred to the Master of Mint in Mumbai.

A former BJP legislator and 11 police officials have been convicted for the 2018 abduction of a Surat businessman in a plot to seize over 750 Bitcoin. source: https://cointelegraph.com/news/indian-court-sentences-14-bitcoin-extortion-case?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Strategy raises $5. 6 billion with STRK, STRF, STRD, and STRC, impacting U. S. IPOs. source: https://coincu.com/358844-strategy-5-6-billion-preferred-stock-ipo

واصلت شركة “Grayscale” توسيع جهودها في مجال صناديق الاستثمار المتداولة (ETF) عبر تقديم نماذج تسجيل S-1 لصندوقي كاردانو وبولكادوت، في خطوة جديدة تهدف لإدراجهما في البورصات الأمريكية. وتأتي هذه الخطوة استكمالا لطلبات 19b-4 السابقة، ما يعكس التزام الشركة بإتاحة التعرض المنظم للعملات الرقمية البديلة. source: https://arab-btc.net/s-1-filings-for-cardano-and-polkadot-etf/

Fresh figures from Farside Invesors showed Ethereum ETFs bleeding $164 million, their first daily loss in nearly a week after […] The post Bitcoin and Ethereum ETFs Reverse Course After Latest Inflation Report appeared first on Coindoo. source: https://coindoo.com/bitcoin-and-ethereum-etfs-reverse-course-after-latest-inflation-report/

Japanese nail salon Convano is making moves in the crypto industry, announcing its intention to become a major holder of Bitcoin. source: https://www.cryptopolitan.com/japanese-nail-salon-become-bitcoin-holder/

باشرت السلفادور بإعادة توزيع احتياطيها الوطني من البيتكوين على محافظ متعددة وجديدة، في خطوة تهدف إلى تعزيز الأمان السيبراني وتقليل التعرض لهجمات الحوسبة الكمومية، وفقا لما أعلنه المكتب الوطني للبيتكوين (ONBTC). source: https://arab-btc.net/el-salvador-relocates-bitcoin-reserve/

أكدت منصة تداول العملات الرقمية بينانس أنها استأنفت جميع تداولات العقود الآجلة على منصتها بعد توقف قصير بسبب عطل تقني أدى إلى تعليق الخدمة لفترة وجيزة. وأكدت المنصة أن المشكلة التي أثرت على خدمة العقود الآجلة UM، والتي تتيح للمستخدمين تسوية العقود باستخدام العملات المستقرة مثل USDC وUSDT، قد تم حلها بالكامل. وأوضحت بينانس أن … source: https://btcacademy.online/%d8%a8%d9%8a%d9%86%d8%a7%d9%86%d8%b3-%d8%aa%d8%b3%d8%aa%d8%a3%d9%86%d9%81-%d8%aa%d8%af%d8%a7%d9%88%d9%84-%d8%a7%d9%84%d8%b9%d9%82%d9%88%d8%af-%d8%a7%d9%84%d8%a2%d8%ac%d9%84%d8%a9-%d8%a8%d8%b9%d8%af/?utm_source=rss&utm_medium=rss&utm_campaign=%25d8%25a8%25d9%258a%25d9%2586%25d8%25a7%25d9%2586%25d8%25b3-%25d8%25aa%25d8%25b3%25d8%25aa%25d8%25a3%25d9%2586%25d9%2581-%25d8%25aa%25d8%25af%25d8%25a7%25d9%2588%25d9%2584-%25d8%25a7%25d9%2584%25d8%25b9%25d9%2582%25d9%2588%25d8%25af-%25d8%25a7%25d9%2584%25d8%25a2%25d8%25ac%25d9%2584%25d8%25a9-%25d8%25a8%25d8%25b9%25d8%25af

Amplify ETFs just filed for a new type of a Ripple ETF in the US. source: https://cryptopotato.com/will-this-groundbreaking-xrp-etf-filing-finally-win-sec-approval/

Argentina’s government suddenly closed the investigation into the Libra cryptocurrency scandal involving President Milei and his sister, despite public concern and complaints. The criminal case continues, but the task force was shut down amid political backlash, leaving questions about transparency and the future of crypto regulation in the country.

Argentinians are losing trust in President Javier Milei after his alleged involvement in the $4.6 billion Libra crypto scandal, with polls showing a drop in his approval rating. Despite this, his party still leads in election polls, though doubts about his leadership and economic policies are growing.

Hayden Davis, founder of the $LIBRA meme coin, faces an Interpol Red Notice as Argentine authorities accuse him of orchestrating a $100 million scam. The scandal also involves President Javier Milei, who promoted the coin before it collapsed, leading to lawsuits from defrauded investors.

On-chain data shows that insiders linked to MELANIA and LIBRA tokens moved large sums through multiple wallets, raising concerns about money laundering.