Crypto Industry News & Market Trends

GOLD token crashes 99% after Trump-linked post, $1M dump

Trump Digital Gold has crashed 99% from its peak after wallets controlling 82.45% of the Solana tokens supply sold their holdings for about $1.01 million.　　SummaryConnected wallets sold 824.54 million GOLD tokens for 9,784.6 SOL, according to EmberCN.GOLD briefly reached a $66 million market cap after a Trump-affiliated merchandise account promoted it.The tokens market cap fell from $55 million to $1 million in about 30 seconds.U.S. regulators warn that social media promotions are frequently used in crypto pump-and-dump schemes.　　GOLD wallets sold 82.45% of the token supply　　On-chain analyst EmberCN reported on Aug. 29 that wallets linked to the Trump Digital Gold token had sold their entire holdings two hours before the post, receiving 9,784.6 Solana tokens worth approximately $1.01 million.　　The wallets collectively controlled 824.54 million GOLD tokens, equal to 82.454% of the assets total supply, through a combination of pre-allocation and purchases made shortly after trading began. Such concentrated ownership allowed the connected addresses to sell most of the circulating supply once other traders entered the market.　　EmberCN called the wallets the token‘s “scammers,” although no law enforcement agency or U.S. regulator had publicly identified the people controlling the addresses at the time of writing. The on-chain analyst’s post also did not name

08-29Industry

Helium Token Skyrockets 100% After Texas Town Turns Wi-Fi Into Cell Coverage

Helium (HNT) jumped almost 100% on Saturday. Behind the surge is a Texas town that stopped waiting for cell towers and switched on Wi-Fi it already owned.　　Celina sits north of Dallas. It added 12,710 residents in a year and grew 24.6%, the fastest of any US city with more than 20,000 residents.　　How Helium Turned Wi-Fi Into Cell Service　　Helium announced the deployment on Friday. It covers the Celina Public Library, the Ralph ODell Senior Center, and some downtown shops.　　The city built nothing new, since it already had Wi-Fi. Helium added a layer that lets phones treat those hotspots as cell coverage.　　Phones sign in using credentials already stored on the SIM card. No app or password. Most people never notice the handoff.　　The idea is not new either. AT&T signed on to the same Helium system in April 2025. That deal is what makes the automatic connection work.　　“Helium let us turn Wi-Fi we already own into coverage our residents phones use automatically, without spending a dollar on new towers,” said Amy Alexander, director of information technology for the City of Celina.　　Follow us on X to get the latest news as it happens　　Why Helium Jumped Nearly 100%　　The news broke Friday, yet HNT ran overnight

08-29Industry

Hyperliquid gets first HIP-4 outcome DEX with OUT

Hyperliquid has received its first reported builder-deployed HIP-4 outcome exchange after OUT completed deployment through the networks permissionless market framework.　　SummaryOUT has become the first reported outcome DEX deployed through Hyperliquids HIP-4 framework.Deployers can create YES/NO markets using templates approved by Hyperliquid validators.HIP-4 contracts are fully collateralized and operate without leverage, funding payments or liquidations.Hyperliquids current developer documentation lists permissionless deployer actions as available on the testnet.　　Hyperliquids block explorer shows that a successful on-chain transaction registered the Outcome DEX under the name OUT through the HIP-4 deployment framework.　　The transaction confirms OUTs deployment but does not show whether its markets have opened for live trading. No separate announcement or verifiable website detailing its markets, liquidity, or trading activity was available at the time of writing.　　Hyperliquids HIP-4 framework lets builders create markets　　According to Hyperliquids developer documentation, HIP-4 lets approved deployers create outcome markets without seeking validator approval for every individual contract. Each market must still follow a template that the validator set has previously approved.　　Templates define the basic form of a contract, its available results, and how it settles. Once validators approve one, a deployer can use the same structure to create separate markets that meet its conditions.　　A YES/NO template allows traders to

08-29Industry

Coinbase to Delist Two Popular Cryptos in September After Listing Review

Major crypto exchange Coinbase is set to delist two crypto assets from its platform in September.　　In a recent X post, Coinbase revealed its decision to suspend trading for Badger DAO (BADGER) and Storj (STORJ) in September following its latest review of assets listed on the exchange.　　Coinbase stated it regularly monitors the assets on the exchange to ensure they meet its listing standards. Based on recent reviews, the exchange stated it will suspend trading for Badger DAO (BADGER) limit orders can be placed and canceled, and matches may occur.　　However, BADGER s roadmap.　　Grass (GRASS) and Basecat (BASECAT) have been listed on Coinbase and in the Coinbase app, allowing users to buy, sell, convert, send, receive, or store these assets.　　In separate news, Coinbase CEO Brian Armstrong highlighted strong early momentum for the new US500 index perp, an index of the 500 largest companies in America, crossing $100 million in 24-hour trading volume just a week after launch.

08-29Industry

Interpol arrests 58 in crackdown on crypto investment scams

INTERPOL has reported 58 arrests, 263 identified suspects and $2.67 million seized after a 22-country operation targeted crypto investment scams, romance fraud and money laundering networks.　　According to an official INTERPOL release published on Aug. 25, Operation Jackal IV ran for eight months from November 2025 through June 2026 and focused on the financial systems used by West African organized crime groups.　　Authorities from 22 countries across six continents took part in the operation, including the United States, the United Kingdom, Canada, the United Arab Emirates, South Africa, Argentina, Nigeria, Romania, and several European countries.　　Investigators focused on groups such as Black Axe and similar criminal organizations accused of running romance scams, fake cryptocurrency investments, business email fraud, and other financial crimes. Police also tracked the shell companies, bank accounts, digital wallets, and outside service providers used to receive or conceal stolen money.　　During the operation, INTERPOL helped participating agencies exchange intelligence across borders, analyze financial activity, and coordinate enforcement work. The organization also provided specialist training to investigators handling money laundering cases.　　“By following illicit financial flows across borders, we are attacking the very lifeblood of organized crime and making it increasingly difficult for criminal networks to profit from their activities,” said Tomonobu Kaya,

08-29Industry

Trump-promoted brand touts GOLD before token collapse

A Solana-based token promoted by a Trump-linked coin brand collapsed within hours of its launch, raising questions over who was behind it and its unusual trading activity.　　Real Trump Coins, a brand US President Donald Trump publicly promoted in 2024, touted the “Trump Digital GOLD” token on X before deleting related posts on Saturday, according to blockchain analytics platform Lookonchain.　　The Real Trump Coins website continued promoting GOLD as of publication, advertising a 4% trading fee and pledging to use 99% of trading fees to buy back the token in an effort to make it a top-10 crypto asset by market capitalization.　　The launch has left crypto observers questioning GOLDs legitimacy, with some suggesting the Real Trump Coins website and its Trump-followed X account may have been compromised.　　GOLD token wallets sell amid 82% supply concentration　　The token surfaced early Saturday when the Real Trump Coins X account, which Trumps official account follows, announced the GOLD launch and directed users to RealTrumpCoins.com to buy the token.　　Lookonchain flagged the launch shortly afterward, noting that the developer held 600 million GOLD while 15 newly created wallets spent $18,657 to acquire another 224.5 million tokens. “The team currently controls 82.45% of the total supply,” Lookonchain said, advising users

08-29Industry

XRP ETFs gain ground in two US fund filings

Two U.S. fund filings dated Aug. 27 and Aug. 28 have listed three XRP-linked ETFs, adding fresh evidence of the tokens growing presence across regulated investment products.　　SummaryProShares filing lists its unlevered XRP ETF and the 2x leveraged Ultra XRP ETF.Morningstar Funds Trusts amendment includes a live fund combining S it will not determine final passage. Senate leaders would still need to address amendments and hold additional votes if the cloture motion succeeds.　　The House passed the CLARITY Act in July 2025, while the Senate Banking Committee advanced its version by a 15-9 vote in May 2026. The proposal would divide oversight of digital assets between the SEC and the Commodity Futures Trading Commission based on how each asset is classified.　　Standard Chartered has estimated that clearer U.S. market rules could support another $4 billion to $8 billion of inflows into XRP investment products. The projection depends on legislation providing sufficient certainty for financial institutions and does not represent committed capital.

08-29Industry

Bitwise Solana ETF Crosses $1 Billion as SOL Price Rally Draws Institutional Demand

Bitwises Solana Staking ETF (BSOL) has become the first exchange-traded fund tracking Solana to surpass $1 billion in assets under management, less than a year after its launch.　　The milestone comes amid a sharp increase in activity across both the Solana ETF market and the underlying token.　　BSOL recorded more than $126 million in trading volume on Friday, its strongest single-day performance to date. Trading volume also exceeded $500 million across the seven sessions preceding the latest record.　　The fund has attracted inflows for seven consecutive trading days, bringing cumulative ETF inflows into Solana products to approximately $1.26 billion. That figure represents roughly 2.2% of SOLs current market capitalization, highlighting the growing scale of exchange-traded demand relative to the underlying market.　　Institutional accumulation has also continued outside the ETF market. DeFi Dev Corp purchased another 19,000 SOL for approximately $1.86 million, taking its holdings to around 2.33 million SOL, worth approximately $182 million based on the figures provided.　　Bitwises XRP ETF has also continued to attract capital. The product recorded an inflow of $15.40 million, while its assets under management stood at approximately $603 million at the time of writing.　　Together, the figures point to increasing institutional participation across crypto assets beyond Bitcoin and Ethereum, with

08-29Industry

NFT sales fall 44.7% to $63.3M as Ethereum leads

NFT sales volume fell 44.70% to $63.33 million over the past seven days, even as the number of buyer and seller addresses increased sharply across the market.　　According to data from CryptoSlam, captured on Aug. 29 with the seven-day filter selected, global NFT sales declined to approximately $63.33 million from about $114.5 million during the equivalent prior period.　　Buyer addresses increased 30.48% to 227,316, while seller addresses jumped 54.64% to 247,373. The figures represent blockchain addresses rather than confirmed individual users.　　Transactions moved in the opposite direction, falling 14.13% to 802,330. The combination of more participating addresses and fewer transactions indicates that activity was spread across a larger address base, although the data alone cannot establish whether each address represented a separate market participant.　　The NFT decline occurred as the wider crypto market pulled back. Bitcoin traded near $77,600, while Ether changed hands around $2,440 on Aug. 29. The global crypto market capitalization stood at approximately $2.71 trillion, down more than 2% over 24 hours.　　The NFT and cryptocurrency declines occurred during the same period, but the available data does not establish a direct causal relationship between them.　　Ethereum leads NFT sales with $35.6 million　　Ethereum remained the largest NFT blockchain with $35.56 million in organic sales,

08-29Industry

Polygon Labs issues urgent client upgrade notice following Austin and Kyoto hardforks

Polygon Labs said any Polygon PoS node that stayed on pre-hardfork Bor or Heimdall binaries past two August activation heights has already fallen out of canonical consensus. In practice, the stale node must upgrade and catch up before it can follow the networks accepted history again.　　Related Asset Polygon Ecosystem Token #56 POL · $0.11 24-hour change: down 2.00% Price history is not available. 24H Down 2.00% 7D Down 8.87% 30D Up 47.20%　　The companys Aug. 27 security review described a client-compatibility consequence. Polygon said it had not observed mainnet disruption from Austin and framed the disclosed changes as proactive fixes.　　Bor is Polygon PoSs execution client, while Heimdall handles consensus and checkpointing. Bor versions earlier than v2.10.0 are incompatible after Austin activated at mainnet block 91,949,700, a cutoff that applies to all Bor node roles.　　Heimdall validators and full nodes need v0.11.0 after Kyoto activated at height 51,533,000. Polygons Heimdall release notice dates that mainnet activation to Aug. 18 at 10:10:31 UTC.　　Austin and Kyoto addressed separate client risksInfographic compares Polygon PoS security hardforks Austin/Bor and Kyoto/Heimdall, outlining software requirements, fixes, and stale-node consequences.　　Austin capped the gas consumed while Bor processes state-sync events from L1-to-L2 bridge deposits. Those events execute contract code and precompiles,

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