A Trump-themed memecoin on Solana, Trump Digital Gold (GOLD), saw its market capitalization plunge more than 95% in one minute to around $1.8 million, according to GMGN market data. The token was launched through X account @realtrumpcoins1, an official partner of the Trump Organization that sells related collectible coins and medals. With no further details disclosed, suspicions are growing that the account may have been hacked and used to promote a fake coin. Source: Coinness

Upbit announced the temporary suspension of HBAR deposits and withdrawals effective immediately as Hedera wallet system maintenance is underway. Source: Coinness

Strive (ASST) may have raised funds to buy 1,192 BTC this week through the issuance of perpetual preferred stock SATA, according to an analysis by Bitcoin Treasuries. SATA can issue new shares to fund BTC purchases only when the stock trades above its $100 par value, and the share price regained that level on Aug. 21 after falling as low as $79 in June, restoring the company’s fundraising capacity. Source: Coinness

Stablecoins are unlikely to be reliable enough for large-scale payment and settlement use, Bank for International Settlements General Manager Pablo Hernandez de Cos said at the Jackson Hole Economic Policy Symposium, according to Reuters. Hernandez de Cos said stablecoins and tokenized deposits can coexist, but tokenized deposits should handle everyday payments while stablecoins should be limited to specialized uses. He added stablecoins could help boost demand for U.S. Treasuries and lower government borrowing costs, but a shift from bank deposits into stablecoins could raise banks’ funding costs and increase lending…

Metaplanet deposited 3,000 BTC worth $237 million to Coinbase over the past 24 hours, according to Lookonchain. While exchange deposits are typically interpreted as a sign of potential selling, Coinbase Prime is a prime brokerage platform that provides trading, custody and financing services for institutional investors, suggesting the transfer may have served other purposes as well. Source: Coinness

SVM layer-1 chain FOGO said on its official X account that 400 million FOGO tokens were stolen in an exploit. The chain itself was not affected, but the tokens were transferred to the hacker. FOGO added that it is in contact with exchanges, investigative authorities and forensic specialists. Source: Coinness

CoinMarketCap’s Altcoin Season Index stood at 33, down two points from yesterday. The index, published by the cryptocurrency market data platform, is calculated by comparing Bitcoin’s price performance with that of the top 100 coins by market capitalization, excluding stablecoins and wrapped coins. A period is classified as altcoin season when 75% of the top 100 coins have outperformed Bitcoin over the past 90 days. The opposite is considered Bitcoin season. A reading closer to 100 indicates altcoin season. Source: Coinness

Addresses linked to crypto options trading platform BIT, formerly Matrixport, added an 8,000 ETH long position on Hyperliquid during an early-morning decline today at an average entry price of $2,440.49, according to ai_9684xtpa. The cumulative position has reached 29,500 ETH and is currently showing about $1 million in unrealized losses. The address cluster holds long positions worth a total of $72 million, ranking fifth on Hyperliquid by overall position size. Source: Coinness

Aptos (APT) announced support for Circle’s (CRCL) Cross-Chain Transfer Protocol, CCTP V2, enabling faster USDC transfers. Source: Coinness

Losses from the hack of Solana-based neobank Avici have exceeded $1 million. According to Onchain Lens, a hacker address beginning with FVNFzq swapped 10,000 SOL for 1.02 million USDC, then bridged the funds again into 418 ETH. The funds have since been deposited into Tornado Cash, a mixing protocol mainly used for money laundering. The hacker is believed to have exploited vulnerabilities in smart contract permissions and signature verification. Source: Coinness

Bitcoin market sentiment and supply-demand conditions have improved as concerns over Strategy selling eased and spot ETFs resumed inflows, Bitfinex said. Bitfinex said Strategy neither bought nor sold BTC last week and secured net proceeds and U.S. dollar reserves through common stock sales. That significantly reduced selling pressure tied to Strategy’s BTC holdings, the exchange said. Bitfinex added Strategy has indicated it plans to resume BTC purchases, while spot ETFs are posting their largest weekly net inflows since October last year, supporting an improvement in market flows. Source: Coinness