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According to Binance Market Data, Bitcoin (BTC) crossed the 118,000 USDT benchmark and is now trading at 118,012.78125 USDT, with a 0.02% decrease in 24 hours.

According to BlockBeats, South Korea's central bank has established a new virtual asset department under its Financial Payment Systems Bureau. This department is expected to lead internal discussions on a stablecoin for the Korean won. Additionally, the central bank has officially renamed its digital currency research team to the digital currency team, signifying a shift from theoretical exploration to more active digital currency projects.

According to PANews, Dan Hughes, the founder and original architect of Radix Network, passed away unexpectedly at home on Sunday night due to natural causes. Hughes was a long-time advocate for decentralized ledger technology innovation and was recognized as a visionary builder and problem solver. He played a significant role in advancing core technologies such as Cerberus and the Radix engine, earning respect within the community for his authenticity, humility, and clear vision.The Radix team expressed that while Hughes' passing is a significant loss, the foundation and vision he established will continue to drive the project forward. To ensure a stable transition, Chief Strategy Officer Adam Simmons and Chief Financial Officer Jonathan Day will join current CEO Andy Jarrett as directors of the Radix Foundation. The team has encouraged the community to pay their respects on Radix's Telegram or Discord channels and announced a temporary pause in public discussions to focus on operational stability.

According to Binance Market Data, BNB crossed the 810 USDT benchmark and is now trading at 810.809998 USDT, with a 1.78% decrease in 24 hours.

According to BlockBeats, Rowland Marcus Andrade, the founder of AML Bitcoin and CEO of NAC Foundation, has been sentenced to 84 months in prison by a U.S. federal court. Andrade was found guilty of wire fraud and money laundering related to the cryptocurrency AML Bitcoin. The court determined that between 2014 and 2019, Andrade misled investors by falsely promoting the technology, commercial potential, and launch timeline of AML Bitcoin, raising approximately $10 million. Of this amount, over $2 million was used for personal expenses, including real estate and luxury cars. A hearing regarding victim compensation and asset forfeiture is scheduled for September 16, 2025.

According to PANews, Telegram founder Pavel Durov was questioned by a French investigative judge in Paris on Monday regarding allegations of the platform's involvement in criminal activities. Durov, who has faced multiple accusations related to organized crime, illegal transactions, and the dissemination of unlawful content since his detention in Paris in 2024, denies all charges. Through his lawyer, Durov has described the allegations as absurd and has provided detailed explanations to investigators. Since Durov's arrest, French judicial authorities have noted improved cooperation with Telegram. Durov's legal team has challenged the constitutionality of the case and has sought a preliminary ruling from the European Union's highest court.