Fenwick & West, a well-known law firm in Silicon Valley, has officially refuted allegations that it played a key role in the collapse of the cryptocurrency exchange FTX. The law firm argued in a court document that its involvement was limited to providing routine legal services, and that the accusations (claiming it promoted FTX tokens, designed a suspicious founder loan scheme) were both baseless and misleading.

According to official sources, in order to meet the dual demands of users for efficient asset utilization and returns, OKX has officially launched the USDG automatic yield farming feature. This feature allows users to earn profits while using USDG as collateral, and more related yield farming activities will be introduced in the future. Users only need to hold a minimum of 1 USDG in their OKX account to automatically start accumulating profits, without any additional fees. Profits will be directly settled to the fund account on a weekly basis.

according to analyst Yu Jin's monitoring, half an hour ago, an address transferred 200 million PENGU tokens ($6.12 million) to Binance. This address has transferred a total of 765 million PENGU tokens ($26.57 million) to Binance in the high range over the past 2 months, with an average price of $0.035.

according to Cointelegraph's market news, Anthropic company reported that its artificial intelligence chatbot Claude is being used for large-scale cyber attacks, demanding payment of 75,000 to 500,000 US dollars in Bitcoin.

Golden Finance reported that Goldman Sachs stated in its latest report that while Nvidia's (NVDA.O) latest financial report and guidance for the next quarter are stable and basically meet Wall Street's expectations, they may still struggle to meet the market's previously high expectations, potentially putting downward pressure on its stock price in the short term. Goldman Sachs analysts believe that the market has largely digested the growth potential brought by its new generation Blackwell architecture chips. However, Goldman Sachs still maintains a "buy" rating on Nvidia and has a 12-month target price of $200. This target price is based on an estimate of the company's standardized earnings per share of $5.75 and a 35x price-earnings ratio (P/E). The report also highlights four key downside risks that investors need to be cautious of: a slowdown in AI infrastructure spending, increased competition leading to market share loss, competition leading to profit margin erosion, and supply chain constraints. (Jin Shi)

according to Reuters, American Bitcoin, a cryptocurrency mining company supported by Donald Trump Jr and Eric Trump, plans to go public in September.

Deribit's Chief Business Officer Jean-David Péquignot stated that loose central bank policies may indeed increase market liquidity and drive speculative funds into risk assets. However, the market currently lacks sufficient trading volume and broad growth momentum. The recent rise in the price of Ethereum compared to Bitcoin is considered a potential signal of market shift, but it is not yet enough to trigger a full-fledged altcoin season.

 U.S. Treasury Secretary Scott Bessent said on Wednesday that there are currently 11 "highly qualified candidates" competing for the position of Chairman of the Federal Reserve. He will begin reviewing and selecting candidates from next month. The list of candidates includes Lori Logan, President of the Dallas Federal Reserve Bank, James Bullard, former President of the St. Louis Federal Reserve Bank, Philip Jefferson, Vice Chairman of the Federal Reserve, Chris Waller, Federal Reserve Governor, Michelle Bowman, Vice Chairman of Federal Reserve Supervision, and former Federal Reserve Governor Larry Lindsey.

the Canadian listed company LQWD has deployed 19.75 BTC from its Bitcoin treasury to the Lightning Network. By collecting routing fees, these bitcoins generated an effective annualized yield of up to 24%.

according to Watcher.Guru, today is the 11th anniversary of the death of Hal Finney, the first recipient of Bitcoin.

according to NLNico, the UK listed company The Smarter Web Company increased its holdings of 45 bitcoins, with a total holding of 2440 coins.

according to @BTCtreasuries, the Canadian listed company LQWD has deployed 19.75 BTC from its Bitcoin treasury to the Lightning Network.

former BitMEX CEO Arthur Hayes predicts that two tokens - Ether.fi's ETHFI and Ethena's ENA - have huge potential for price increases.

FinChain, a Web3 brand independently incubated by Fosun Wealth Holdings, has been officially launched, and it has announced that it has signed the relevant agreement for the first round of external financing with investors, with a financing amount of several million US dollars. Strategic investors include the Solana Foundation, Vaulta Foundation, SonicLabs, Animoca Brands, Unified Ventures, and Tengyun Capital, etc. (Sohu Finance)

On August 28th, Bitcoin asset management company K33 released its second quarter financial report for 2025, with a revenue of 399 million Swedish Krona, a year-on-year increase of 108%. In addition, K33 has submitted an application for a MiCA license to the Norwegian Financial Supervisory Authority and expects to be approved within the year to ensure that its products comply with the European regulatory framework.

On August 28th, according to OKX CEX Star's post on the X platform, "Japan is one of the most important markets for Web3 adoption. OKX's Japanese branch (okj.com) has obtained comprehensive regulatory approval from the Japanese Financial Services Agency (FSA) and is among the top three exchanges in Japan. We are also proud to be able to co-host events such as the "Sei Tokyo Tower Special" with partners, actively supporting builders, entrepreneurs, and the community. With the combined efforts of all parties, we are actively driving the future of blockchain in Japan."

the Shanghai procuratorate held a series of news conferences yesterday and reported relevant cases. Among them, it was shown that crimes committed under the guise of technological innovation, such as virtual currency and digital collectibles, are gradually emerging. In a new type of financial fraud case in which victims were deceived into investing in virtual currency, the defendant Wu and others, during the operation of a certain e-commerce company in Shanghai, fraudulently obtained a total of more than 35 million yuan from victims by issuing their own "air currency" GDFC, which has no actual value. The related funds flowed into the personal accounts of the persons involved in the case. Their actions constitute the crime of fraud. At present, the Minhang District Procuratorate in Shanghai has filed a public prosecution against them for the crime of fraud.

 according to strategicethreserve data, the reserve entities of Ethereum and spot ETFs now hold more than 9% of the current Ethereum supply, now at 9.2%. Among them:

According to official sources, MGBX will go live on LIGHT (Light) spot trading on August 28, 2025 at 16:00 (SGT)

 The Miner Mag reported, cryptocurrency mining company Hut8 announced that it has secured $330 million in credit support for the construction of four large-scale infrastructure projects in the United States, totaling an expansion of 1.53GW capacity.