Przemysław Kral reportedly faces a fraud charge and is cooperating with Polish prosecutors as estimated customer losses reach $650 million. Przemysław Kral, the head of the collapsed cryptocurrency exchange Zondacrypto, has reportedly been charged with participating in an alleged large-scale fraud and has begun cooperating with Polish prosecutors. Kral is seeking a reduced sentence in exchange for testimony that could include details about Zondacrypto’s funding of right-wing politicians, Polish outlet Onet reported Monday. According to Onet, prosecutors estimate Zondacrypto customers lost at least 2.4 billion Polish zlotys ($650 million). Investigators said the exchange used only part of customer funds to buy crypto, while the rest was transferred to private accounts controlled by Zondacrypto managers. Read more
Bitget CEO Gracy Chen doesn’t believe the current Bitcoin rally is sustainable, and she aims to buy more BTC around the $50K mark later in 2026 or early next year. Bitget CEO Gracy Chen isn’t convinced that Bitcoin’s recent rally to $79,000 marks the end of the bear market. She is keeping a significant portion of her portfolio in stablecoins and watching for a drop of more than $25,000 from current prices as a potential level to buy back into Bitcoin. “I would say $50K is the number that I’m looking at for my personal Bitcoin buyback sort of price,” Chen tells the Trade Secrets show. That being said, Chen isn’t claiming to have any special insight into where Bitcoin’s notoriously unpredictable price is headed. She also thinks its possible Bitcoin could end the year $20,000 higher. Read more
Strategy held off on new Bitcoin buying, maintaining holdings at 840,447 BTC as it launched a $1.59 billion cash pool after raising $2 billion from MSTR stock sales. Strategy, the world’s largest public company holding Bitcoin, raised about $2 billion through common stock sales last week while making no new Bitcoin purchases. The Bitcoin treasury company sold 18.26 million MSTR shares between Aug. 17 and Aug. 23 through its at-the-market (ATM) offering program, according to a Monday filing with the US Securities and Exchange Commission. Strategy repurchased about 1.43 million of its STRC preferred shares for $136.4 million, added $300 million to its US dollar reserve and directed the remaining proceeds to a newly launched US dollar cash account. The company reported $5.1 billion in its reserve and $1.59 billion in the new cash account as of Sunday, bringing its total cash across the two pools to $6.69 billion. Read more
Fasset raised $68 million in a Series C led by SBI Group as the companies plan a digital bank in Malaysia and to expand stablecoin payments. Stablecoin neobanking platform Fasset has raised $68 million in a Series C funding round led by Japan’s SBI Group at a $1 billion valuation. The financing follows Fasset’s $51 million Series B in May and brings the company’s total funding raised in 2026 to $119 million, Fasset said Monday. SBI Holdings said Monday in a separate statement that it made an additional investment in Fasset after first investing in the company in May. The Japanese financial group did not disclose the size of its latest investment. Read more
Bitcoin closed a weekly candle above its 50-week EMA for the first time since late 2025 as markets prepared for the Jackson Hole symposium. Bitcoin (BTC) starts the final week of August near its highest levels since mid-May as its bear-market recovery reaches a critical stage. Key points: Read more