[Singapore International Commercial Court Orders Freeze of Approximately $58.5 Million in Crypto Assets] The Singapore International Commercial Court has ordered the freezing of approximately 75 million SGD (around $58.5 million) in crypto assets due to a transfer dispute. The assets include 780 Bitcoins and 816,773 USDC. The case involves a major cryptocurrency exchange operator and a long-term client. The plaintiff claims that due to an internal ledger technical error, the platform mistakenly transferred 2,500 Bitcoins and 2,500 Bitcoin Cash to the defendant's wallet. The defendant subsequently converted and transferred part of the assets to non-platform custodial wallets. The court has ordered the defendant to disclose the whereabouts of the related assets.
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More >Cantor Fitzgerald opens Kalshi trading channel to 3000 institutional clients
According to The Wall Street Journal, Cantor Fitzgerald announced the opening of trading channels on its predictive market platform, Kalshi, to approximately 3000 institutional clients, providing event contract trading services. Cantor Fitzgerald, as a broker, arranges block trades for institutional clients to participate in Kalshi's "yes/no" contract trading based on real-world event outcomes. Kalshi is an event trading platform regulated by the Commodity Futures Trading Commission (CFTC) in the United States.
Edward Zimbardi, the mastermind behind the Ponzi scheme, has been deported back to the United States and faces multiple charges
Edward Zimbardi, a 59 year old resident of Georgia, appeared in federal court facing 12 charges of telecommunications fraud, 12 charges of money laundering, and 1 charge of money laundering conspiracy. Fiji deported Edward Zimbardi back to the United States on August 14th in coordination with the Federal Bureau of Investigation (FBI) and the US State Department. The prosecution accuses Edward Zimbardi of operating The Crypto Program from June 2022 to August 2023, using advertising packages with a fixed monthly return of 25% as bait to induce thousands of people to transfer over $165 million. The prosecutor claimed that Edward Zimbardi used over $34 million for high-risk foreign exchange trading and made payments to early investors with new investor funds, with personal expenses of at least $10 million. The project collapsed in August 2023, and Edward Zimbardi left the country and settled in Fiji after learning of the FBI investigation in July 2025. The FBI is calling on relevant investors to provide information. (Decrypt)
Bank of America survey: Global investors' sentiment on stocks rises to near five-year high
According to Bloomberg, a survey by Bank of America (BofA) shows that the global investor stock over allocation ratio has reached 56%, the highest level since November 2021, and the cash allocation ratio has dropped to 3.5%. The team led by Michael Hartnett stated that investor allocation is becoming more crowded and the bearish force in the market is decreasing.
韩国股市遭外资净卖出 3.485 万亿韩元,机构净卖出 1.324 万亿韩元
[Foreign Investors Net Sell 3.485 Trillion Won in South Korean Stock Market, Institutions Net Sell 1.324 Trillion Won] According to Daum, data from the Korea Exchange shows that on the 19th, foreign investors net sold 3.485 trillion won in the South Korean stock market, while institutional investors net sold 1.324 trillion won. Individual investors, on the other hand, net bought 4.633 trillion won. From the 11th to the 18th, foreign investors had cumulatively purchased 8.129 trillion won, with the single-day sell-off on the 19th accounting for 42.9% of the prior cumulative purchase amount. The South Korean stock market is sensitive to U.S. market interest rates, the movement of the U.S. dollar, and changes in global liquidity. Foreign investors took profits in stocks such as Samsung Electronics and SK Hynix.
Most listed companies holding Bitcoin are in a loss making state
Most listed companies holding Bitcoin are currently in a loss making state, with their holding prices below the total cost basis. The proportion of companies in a loss making state has risen to about 80%. (glassnode)