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[Singapore Tokenize Xchange Founder Sued, Users Claim $60.5 Million] Over 270 former users of Tokenize Xchange have filed a lawsuit in the Singapore High Court against the platform's founder, Hong Qi Yu, and his wife, Erin Koo, accusing them of fraudulently misappropriating customer assets and claiming $60.5 million in damages. Tokenize Xchange, operated by AmazingTech, was shut down after the Monetary Authority of Singapore rejected its application for a digital payment token license in July 2025. According to a report by the interim judicial manager, AmazingTech owes customers approximately $266.3 million but holds only $2.6 million in assets. Singapore authorities are investigating potential illegal activities involving AmazingTech and its related entities, including fraudulent transactions.

[Japan Plans to Tax Cryptocurrency Trading Income at a Flat 20% Rate] The Japanese government and ruling party are advancing adjustments to the tax policy on cryptocurrency trading income, planning to impose a flat 20% income tax rate, granting it the same treatment as financial products like stocks and investment trusts. The new policy proposes a separate taxation method, no longer combining cryptocurrency trading income with wages or other income. The goal is to include this in the 2026 tax reform outline, with final confirmation expected by the end of the year. Currently, Japan applies a comprehensive taxation method to cryptocurrency trading income, with a maximum tax rate of 55%. Additionally, the Financial Services Agency of Japan plans to submit an amendment to the Financial Instruments and Exchange Act during the 2026 regular session, aiming to prohibit insider trading and require cryptocurrency issuers to fulfill information disclosure obligations. It is also expected that investment trust products containing cryptocurrency components will be allowed domestically.

A Bitcoin OG address (1011Short) deposited 55300 ETH (worth 157.2 million US dollars) into Aave, then lent 50 million US dollars in USDT and transferred the funds to Binance. （Lookonchain）

[‘1011 Flash Crash Short Insider’ Pledged $157 Million ETH to Borrow $50 Million USDT and Transferred to Binance] The address of ‘1011 Flash Crash Short Insider’ pledged 55,340 ETH (approximately $157 million) to Aave 10 minutes ago, borrowed 50 million USDT, and transferred it to Binance. The purpose is unknown.