Illinois, USA, faces another lawsuit from industry organizations over digital asset tax; plaintiffs seek preliminary and permanent injunctions to prevent implementation in 2027.

Bezos claims that half of the lowest-income taxpayers in the United States should be exempt from federal income tax, arguing that their tax contribution is very low, and that fiscal problems are more related to government spending.

South Korean crypto trading activity has picked up, with Upbit and Bithumb seeing a significant increase in 24-hour trading volume. XRP leads the Upbit trading rankings.

Garlinghouse states that the United States is approaching the formation of a clearer regulatory framework for cryptocurrencies, and mentions the relevant judicial statements of XRP as well as the progress of the advisory committee of CFTC.

On August 22, The Sandbox stated that a vulnerability was discovered in its SAND cross-chain bridge on Base and BNB Smart Chain. Attackers were able to mint tokens without the corresponding Ethereum SAND locking support. The team subsequently suspended the related cross-chain functionality and claimed that the vulnerability had been contained. The core issue of this incident is not merely the simple "minting" of additional tokens, but rather the disruption of the most fundamental accounting relationships between cross-chain assets: the mapped tokens on the target chain should correspond one-to-one with the assets locked or destroyed on the source chain; once unsecured minting occurs, the market can no longer assume equivalence between SAND on different chains.