Edward Zimbardi, a 59 year old resident of Georgia, appeared in federal court facing 12 charges of telecommunications fraud, 12 charges of money laundering, and 1 charge of money laundering conspiracy. Fiji deported Edward Zimbardi back to the United States on August 14th in coordination with the Federal Bureau of Investigation (FBI) and the US State Department. The prosecution accuses Edward Zimbardi of operating The Crypto Program from June 2022 to August 2023, using advertising packages with a fixed monthly return of 25% as bait to induce thousands of people to transfer over $165 million. The prosecutor claimed that Edward Zimbardi used over $34 million for high-risk foreign exchange trading and made payments to early investors with new investor funds, with personal expenses of at least $10 million. The project collapsed in August 2023, and Edward Zimbardi left the country and settled in Fiji after learning of the FBI investigation in July 2025. The FBI is calling on relevant investors to provide information. （Decrypt）

According to Bloomberg, a survey by Bank of America (BofA) shows that the global investor stock over allocation ratio has reached 56%, the highest level since November 2021, and the cash allocation ratio has dropped to 3.5%. The team led by Michael Hartnett stated that investor allocation is becoming more crowded and the bearish force in the market is decreasing.

[Foreign Investors Net Sell 3.485 Trillion Won in South Korean Stock Market, Institutions Net Sell 1.324 Trillion Won] According to Daum, data from the Korea Exchange shows that on the 19th, foreign investors net sold 3.485 trillion won in the South Korean stock market, while institutional investors net sold 1.324 trillion won. Individual investors, on the other hand, net bought 4.633 trillion won. From the 11th to the 18th, foreign investors had cumulatively purchased 8.129 trillion won, with the single-day sell-off on the 19th accounting for 42.9% of the prior cumulative purchase amount. The South Korean stock market is sensitive to U.S. market interest rates, the movement of the U.S. dollar, and changes in global liquidity. Foreign investors took profits in stocks such as Samsung Electronics and SK Hynix.

Most listed companies holding Bitcoin are currently in a loss making state, with their holding prices below the total cost basis. The proportion of companies in a loss making state has risen to about 80%. （glassnode）

The yield of Japanese 10-year treasury bond bonds rose to 2.945%, the highest level in nearly 30 years. The Japanese government has arranged 31 trillion yen for debt repayment, and the Ministry of Finance predicts that the annual debt repayment cost for fiscal year 2029 may rise to 41 trillion yen. Traders expect the Bank of Japan to raise interest rates by 25 basis points twice as early as around January next year, and the policy rate may rise to 1.5%. Mamiya Kazuo stated that the end point of this interest rate hike cycle may reach around 1.75%. The market is paying attention to the personnel adjustment window of the Bank of Japan in 2027, and the Bank of Japan may hope to complete its main interest rate hike action before then.