HashKey Exchange now lists AVAX and LINK, expanding retail crypto options in Hong Kong.
The decision is in line with Hong Kong’s plan to grow its virtual asset sector in the face of global transformation.
HashKey Exchange, Hong Kong’s most significant crypto platform, received approval from regulatory authorities to list two major altcoins, AVAX and LINK, for individual investors. This action is a key step toward expanding the number of digital assets available to non-institutional traders in the region.
Prior to now, the only cryptocurrencies that individuals could trade in Hong Kong were Ethereum (ETH) and Bitcoin (BTC). The city’s crypto sector has made significant progress with the approval of AVAX and LINK, well-known tokens in the blockchain and decentralized finance (DeFi)

Edo State and INTMAX work together to improve digital governance through blockchain technology.
The alliance intends to empower government services through cutting-edge technology.
The Nigerian Ministry of Digital Economy, Science, and Technology in Edo State has formed a strategic partnership with INTMAX, a leading developer of Ethereum Layer 2 solutions. This alliance aims to accelerate the regional adoption of blockchain technology, indicating a significant step ahead in Nigeria’s digital transformation journey.
Strategic Collaboration Strives to Drive Digital Transformation
The partnership seeks to use INTMAX’s advanced blockchain capabilities to improve digital infrastructure, enhance transparency in government operations, and encourage innovation among local tech entrepreneurs.

Bitget’s partnership with KoinX offers automated syncing and detailed tax reports for users.
The collaboration improves security and compliance also making it easier to manage crypto investments.
As tax season approaches, crypto investors often encounter the tricky task of minimizing their tax liabilities. To solve this, Bitget has formed a strategic unity with KoinX, a market leader in cryptocurrency tax reporting solutions. This collaboration intends to improve the user experience by combining KoinX’s broad tax reporting technology and Bitget’s strong trading platform.
Collaboration Drives Tax Reporting and Compliance
Collaboration delivers several major benefits, such as automated data synchronization, complete tax reports, and increased security. Automated syncing makes tax reporting

New Zealand Implements OECD Crypto Reporting Rules to Enhance Tax Compliance.
Non-compliance penalties include fines up to $6,200 for providers and $621 for users.
On August 26, 2024, New Zealand’s Minister of Revenue, Simon Watts, proposed a significant legislation amendment to improve transparency in cryptocurrency transactions. The “Taxation Annual Rates for 2024-25, Emergency Response, and Remedial Measures” Bill, which includes the OECD’s Crypto-Asset Reporting Framework (CARF) and changes to the Common Reporting Standard, is expected to go into effect on April 1, 2026.
Crypto Reporting Rules to Facilitate Tax Compliance
The newly released rules require New Zealand-based crypto service providers to collect transaction data on their users. These suppliers must provide the obtained

Arrest of Durov highlights global discussions about tech regulation and free expression.
Rumble CEO Chris Pavlovski fled Europe amid fears following Telegram CEO Pavel Durov’s jail in France.
Rumble CEO Chris Pavlovski tweeted that he has “departed from Europe” following the arrest of Telegram CEO Pavel Durov in France. Pavlovski’s exit comes as tensions between Rumble and France rise after the latter had threatened the video-sharing network.
Rumble CEO Criticizes France’s Actions
Pavlovski, a Canadian, highlighted France’s conduct on X (formerly Twitter) on August 25, claiming that Durov’s prison crossed a crucial limit. This incident follows Rumble’s decision in November 2022 to suspend access for French users in response to government requests for the elimination of specific Russian

Bitcoin shifts as anticipation of Fed rate cuts fuels market confidence.
Ethereum and Solana also rise as the market anticipates Fed policy changes.
The potential of Federal Reserve rate cuts has sparked renewed interest in Bitcoin and other risk assets. Historically, low interest rates have benefited Bitcoin by increasing liquidity and promoting investment in high-risk assets. Recent FOMC minutes indicate future policy easing in favor of cryptocurrencies. Bitcoin is currently experiencing volatility, with ascending expanding wedges indicating big price swings as it approaches major resistance levels.
Crypto Market Surges as Fed Rate Cut Speculation Spikes
Federal Reserve Chair Jerome Powell’s recent statements, along with other signs of a probable policy shift, have fueled speculation

Nvidia faces a revived lawsuit claiming concealment of GPU sales to crypto miners.
TDC is concerned that Nvidia’s lawsuit could lead to more crypto-related cases.
The Digital Chamber (TDC), formerly known as The Chamber of Digital Commerce, has expressed concern about a US Supreme Court ruling that could restart a case against chipmaker Nvidia. According to an amicus brief filed by TDC on August 20, the case could lead to an increase in “frivolous securities lawsuits” in the cryptocurrency sector.
The Supreme Court has renewed the action, which accuses Nvidia of deceiving investors about its GPU sales to crypto miners. The plaintiffs claim that Nvidia underestimated the size of its sales to miners, contributing to inflated stock valuations that eventually fell as the crypto market

DBS Bank is implementing a blockchain pilot for government grant disbursements in Singapore.
The pilot project initiatives to improve fund distribution and eliminate manual oversight.
DBS Bank in Singapore has launched a ground-breaking solution that uses blockchain technology to enhance the disbursement of government funds, signaling a significant move toward efficiency and transparency. In a recent pilot, DBS teamed with Enterprise Singapore (ESG) and the Singapore Fintech Association (SFA) to demonstrate how blockchain-based programmable recognition might change grant distribution.
Blockchain Pilot for Faster, Transparent Grant Disbursements
The pilot involved the SFA disbursing honors to 27 members, showcasing smart contracts’ ability to automate and accelerate the process. DBS Bank’s

FSRA’s latest proposals seek to regulate Fiat-Referenced Tokens (FRTs) to improve stability.
FSRA will assess feedback submitted by the public until October 3 before making a final decision.
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has issued Consultation Paper No. 7 of 2024, which outlines ideas to improve its regulatory framework to support the issuance of Fiat-Referenced Tokens  (FRTs). This is an important milestone as the FSRA seeks to enhance its approach to digital assets.
New Regulatory Framework for Fiat-Referenced Tokens
FRTs, a kind of stablecoin, are backed by high-quality, liquid assets in the same currency, enabling quick liquidation with minimal market impact. They are designed for use as a payment method and share characteristics

Vitalik Buterin donates 200 ETH ($524K) to the Animal Welfare Fund.
This donation aligns with Buterin’s idea of using cryptocurrency for charitable causes.
Ethereum co-founder Vitalik Buterin has once again used digital currency to make a major charitable donation. Buterin recently sold 40 ETH worth of Neirodog meme coins, totaling around $533K, and distributed the profits to several charities. This donation is part of Buterin’s larger plan of directing proceeds from animal-themed meme coins to charitable causes.
Buterin Contributed Neirodog Meme Coins to Charity
The Neiro community has openly expressed its appreciation for Buterin’s generosity, with many noting the beneficial impact of his contribution on social media. In response, Buterin highlighted his preference for direct charitable

Turkey’s new crypto legislation has sparked an influx of 47 license applications.
76 crypto exchanges, including Coinbase and KuCoin, have applied for licenses in Turkey.
Turkey has witnessed an enormous spike in interest from crypto companies seeking to enter the industry. The Turkish Capital Markets Board (CMB) has revealed that 76 cryptocurrency firms have sought licenses under the newly adopted legislation. Notable candidates include Bitfinex, Binance TR, and OKX TR. 
Crypto Exchanges Rush to Secure Licenses in Turkey.
This rise coincides with the implementation of the “Law on Amendments to the Capital Markets Law,” which became effective on July 2. The bill establishes a legal framework to control crypto asset service providers in Turkey. Despite the flood of applications, the CMB

Shiba Inu released ShibTorch, a burn gateway that depletes SHIB supplies.
ShibTorch incorporates EIP-1559 features to manage transaction fees and trigger burns.
The long-awaited ShibTorch burn portal has been opened to the public on Shibarium, marking a huge milestone for the Shiba Inu ecosystem. ShibTorch, which was announced on Shibarium’s official X account, is currently online and promises to regulate SHIB’s circulating supply through community-driven burns.
ShibTorch is designed to burn SHIB from each Shibarium transaction, reducing the token’s overall quantity. The portal includes an interactive dashboard that allows users to monitor and engage in SHIB burning.
Shiba Torch a Game Changer for SHIB’s Supply
The newly launched portal includes EIP-1559 components that were implemented

MetaMask Card enables direct crypto spending via Mastercard, streamlining transactions.
Initial rollout is limited to the EU and UK, with plans for broader global expansion.
MetaMask, a widely used Ethereum wallet and gateway to the decentralized web bridges the gap between blockchain technology and daily transactions. Is now teaming up with Mastercard and Baanx to launch the MetaMask Card, the first-ever debit card which enables users to spend cryptocurrency directly from their MetaMask wallets. This trial, which is live to a small set of users in the EU and UK, marks a significant step forward in the integration of blockchain technology into everyday commerce.
“MetaMask Card removes barriers between blockchain and real-world spending, offering users greater freedom with their

Trump’s chat with Musk skipped crypto, defying big bets on Polymarket.
Bitcoin’s omission from the interview reflects persistent cryptocurrency uncertainty.
Former President Donald Trump’s interview with X CEO Elon Musk, which drew over a million listeners, had no mention of bitcoin (BTC) or cryptocurrency. The two-hour talk touched on issues such as illegal immigration, the economy, artificial intelligence, and global warming.
The interview was delayed by 45 minutes owing to what Musk said was a “massive DDOS attack” on X, while The Verge questioned this allegation, and cybersecurity company Netblocks confirmed international disruptions but did not support the DDOS assertion.
Missed Crypto Conversation
The conversation, which was nearly halted by a reported cyber attack (later questioned

Tornado Cash founders face serious legal challenges and regulatory scrutiny.
OKX has issued strict instructions to users regarding interacting with Tornado Cash due to regulatory risks.
Tornado Cash, a decentralized cryptocurrency mixer known for maintaining asset tracks, is facing increased regulatory scrutiny. U.S. Treasury penalties and legal actions against its inventors have brought attention to the technology, which is frequently used to conceal illegal operations. As the legal battle heats up, developer Alexey Pertsev seeks more funds to preserve privacy rights and the ability to share code.
Legal Battle and Exchange Warnings
Tornado Cash’s co-founder, is seeking an additional $750,000 to $1 million to fund his appeal of a 64-month prison sentence for money laundering. Pertsev’s