judgment

The U.S. Commodity Futures Trading Commission (CFTC) announced on Tuesday that it has jointly filed a motion with Gemini Trust Company LLC in the U.S. District Court for the Southern District of New York, requesting the dismissal of a previous judgment against Gemini.The case was originally filed in June 2022, and the parties reached a consent order in January 2025. After a comprehensive review, the CFTC concluded that the lawsuit should not have been filed and would not be filed under current enforcement standards.The review identified six major issues: the complaint was primarily based on statements from a whistleblower of questionable credibility; the investigation targeted Gemini as a victim of fraud rather than the alleged fraudster; there were serious doubts about the strength of the evidence against Gemini; relevant supporting materials were concealed and not submitted to the commissioners during the CFTC's vote on the complaint; the litigation team invoked deliberative process privilege to prevent Gemini from obtaining evidence necessary for its defense; and personnel improperly used CFTC regulatory power to create leverage for settlement.The CFTC determined that continuing to enforce the forward-looking provisions of the consent order is neither consistent with its mission nor in the public interest, and that the non-forward-looking provisions of the consent order (such as civil penalties) have been fulfilled. The parties jointly request the court to vacate the remaining forward-looking provisions.

According to Cointelegraph, cryptocurrency analyst Matthew Hyland stated that Bitcoin may have bottomed out around $60,000 in early February, and it is unlikely to see lower prices later this year.He pointed out that dozens of bottom signals appeared simultaneously when Bitcoin reached $60,000 in the first quarter of 2026, while these signals do not appear in the middle of a bull market. Hyland believes that the current market is not in the middle of a bear market, and this judgment has obvious flaws because bottom signals only flash at true bottoms.Previously, veteran trader Peter Brandt believed that $60,000 might not be the lowest point in 2026, while Willy Woo stated that Bitcoin has only completed about one-third of its bear market journey.

At the Web3 exchange event "Web3 Dialogues @ HKU - Academia x Industry" held at the University of Hong Kong, Gate founder and CEO Dr. Han engaged in face-to-face communication with students, sharing his entrepreneurial experiences and personal reflections in the digital asset industry.Dr. Han stated, "Do not blindly trust your parents, nor blindly trust your teachers, even though I have learned a lot from them." He pointed out that this expression does not negate experience and education itself, but rather aims to remind students that they cannot simply rely on existing authorities or established answers; they need to build independent thinking abilities to cope with the rapidly changing era of technology and markets.In the context of the accelerated integration of Web3 and AI, the rules of the cryptocurrency industry are still being reshaped. During this event, Dr. Han systematically reviewed the significant opportunities and changes in the cryptocurrency industry in recent years, engaging in in-depth discussions with the attending faculty and students on technological innovation and industry trends. Gate will deepen its communication and cooperation with academia and industry in the future, while continuing to promote the dissemination of high-quality industry experiences while leading industry development.

According to Jin Shi reports, JPMorgan analyst Bob Michele expressed his shock at the Federal Reserve's decision, believing that the decision overlooks the risks in the Middle East, and that the expectations of economic acceleration and stable employment may be a misjudgment. Michele pointed out that this will have a substantial impact on inflation as well as the economy and labor market.

According to Jinshi reports, Federal Reserve official Kashkari stated that he does not want to repeat the mistake of "transitory" misjudgment.

The a16z Crypto article "How AI 'Judges' Expand the Scale of Prediction Markets" points out that the biggest challenge facing prediction markets is not "pricing the future," but rather determining what actually happened. Similar issues frequently arise in some small-scale events, where erroneous or opaque settlement mechanisms can undermine market trust, liquidity, and the accuracy of price signals.Industry experts suggest introducing large language models (LLMs) as arbiters in prediction markets, including on-chain rule commitments, resistance to manipulation, enhanced transparency, and increased neutrality. For example, specific LLM models, timestamps, and judgment prompts could be encrypted and recorded on the blockchain at the time of contract creation, allowing traders to understand the complete decision-making mechanism in advance. The model weights would be fixed and not easily tampered with to reduce the risk of cheating, and the settlement mechanism would be publicly auditable with no arbitrary human rulings. The AI judgment mechanism could significantly improve the efficiency and scalability of prediction market settlements while ensuring transparency and fairness.

Anthropic announced the release of a new charter for its AI model Claude, which details Anthropic's vision for Claude's values and behaviors.In the new charter, Anthropic upgrades Claude's soul document from a rulebook to a textbook that combines values and reasoning, hoping that Claude can become wiser, safer, and capable of making moral judgments on its own, rather than strictly adhering to rules. This is currently the most detailed publicly available AI personality setting and ethical constitution document.

Zhao Changpeng posted on platform X: "The super cycle is coming, but I might also be wrong in my judgment."According to a tweet retweeted by Zhao Changpeng, the U.S. Securities and Exchange Commission has removed cryptocurrencies from its priority risk list starting in 2026, which is a positive development for the crypto industry.

The General Office of the State Council recently issued the "Opinions on the Comprehensive Crackdown on Illegal Activities Related to Tobacco," which pointed out: Strengthen risk control of tobacco-related activities in inbound and outbound transportation vehicles and international mail packages, enhance analysis and judgment on illegal activities such as overseas registered websites and the use of virtual currency to trade tobacco products, and accurately crack down on smuggling of tobacco using new technologies and channels.

CryptoQuant founder and CEO Ki Young Ju posted on social media, "Based on the insights from 246 selected analysts, Claude AI has built an analyst consensus index. A 5-year backtest on Bitcoin shows that this index successfully predicted the crash in 2022, the rally in 2023, and the current pullback.Many people are asking how the market will move next, but in a neutral and uncertain situation like the current one, I believe the more appropriate approach is to: stick to your own judgment, maintain your current positions, and watch the changes."

Chinese cryptocurrency analyst Banmuxia stated, "In terms of Bitcoin's daily chart, the MA5, MA10, and MA30 have formed a golden cross, thus creating a subsequent support area in the range of $90,500 to $91,300.If you have previously gone long on Bitcoin in the range of $89,000 to $90,000, $98,000, $103,300, and $112,500 can be considered as planned take-profit points, adjusting judgments based on market dynamics. However, the take-profit levels are no longer suitable entry points for going long, as the risk-reward ratio is very low."

The founder of Terraform Labs, Do Kwon, will receive a ruling from U.S. District Judge Paul Engelmayer later today in a Manhattan court. Reports indicate that prosecutors have requested the court to impose a 12-year prison sentence on Do Kwon, citing factors including his guilty plea.Previously, during a hearing presided over by Federal Judge Paul Engelmayer in the Southern District of New York, Do Kwon pleaded guilty to charges of conspiracy to commit fraud and wire fraud. In January of this year, he had pleaded not guilty to nine charges, including securities fraud, wire fraud, commodities fraud, and money laundering.

The defense attorney for FTX founder SBF (Sam Bankman-Fried) plans to file a motion for reconsideration with the appellate court, claiming that media opinion, the prosecution, and U.S. District Judge Lewis Kaplan's hasty ruling led to his wrongful conviction. The defense is requesting a change of judge and a restart of the trial.The legal team stated that SBF had no subjective intent to defraud customers, as he always believed that user funds could be fully repaid, and accused Judge Kaplan of preventing him from presenting the key argument to the jury that "FTX had sufficient assets to repay users" during the trial. It is reported that, in addition to the appeal, SBF's parents have also sought a pardon from President Trump.

ChainCatcher news, according to Decrypt, U.S. federal prosecutors have submitted a request to the Ninth Circuit Court of Appeals seeking to overturn the lenient sentence of the main perpetrators in the HashFlare cryptocurrency fraud case. Estonian citizens Sergei Potapenko and Ivan Turõgin are accused of defrauding 440,000 investors worldwide through a $577 million Ponzi scheme, with prosecutors arguing that the original sentence was "exceptionally lenient."The two defendants have pleaded guilty, admitting to committing fraud through false mining contracts from 2015 to 2019, misleading investors with fake profit dashboards, and using the proceeds of the fraud to purchase luxury goods and pay returns to early investors. The original judge sentenced them to only three years of supervised release and a $25,000 fine each, while prosecutors had requested a 10-year prison sentence.The judge considered factors such as the risk of "indefinite detention" that foreign defendants might face in the U.S. Legal experts analyze that the reasoning for the sentence, based on "time served, immigration risks, and compensation considerations," is reasonable, and the Ninth Circuit usually respects the discretion of district judges, making it likely that the original sentence will be upheld.Currently, $400 million has been seized for victim compensation, and this case is referred to as the "largest fraud case" in the history of the Western District of Washington.

ChainCatcher news, August 27, Ethereum founder Vitalik Buterin stated in response to recent discussions about prediction markets, "In coin voting, if you vote incorrectly, there is no penalty; the only risk is that you might personally push the result to the edge of that tiny probability. In prediction markets, if you judge incorrectly, you will lose money, and if you bet a large amount, the losses can be significant. Personally, I feel that the probabilities given by prediction markets are usually more accurate than the judgments I form under the influence of (professional or social) media atmosphere. They actually help me stay rational and not overestimate the importance of things (but they also make me aware of the importance when truly significant events occur)."

ChainCatcher news, according to Cointelegraph, a U.S. federal court ruled that influencer Logan Paul cannot blame the co-founder of CryptoZoo in the fraud lawsuit, and the judge has dismissed his request for a default judgment against the co-founder.

ChainCatcher news, Binance co-founder Zhao Changpeng commented on X platform regarding Buffett's refusal to invest in BTC, stating: "No one can judge everything correctly."It is reported that in 2014, the price of Bitcoin was only about $600, but Buffett refused to invest in Bitcoin, which has now increased by 19,400% and continues to reach new highs.