BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

Genius Group announces a $1.2 billion capital plan, intending to use the shelf registration declared effective by the U.S. SEC in July 2025 to raise funds for its dual AI and Bitcoin treasuries. The company’s board of directors has approved goals to build an $800 million AI treasury and an $827 million Bitcoin treasury by fiscal 2031, while boosting total assets to $2 billion. Genius Group plans to use perpetual preferred securities as its primary financing instrument, a method it says is designed to increase net asset value (NAV) per share and reduce dilution of common shareholders. The firm intends to first issue $12.5 million in perpetual preferred securities, which are expected to be non-convertible and pay floating returns monthly. Proceeds will be allocated to the AI treasury, Bitcoin treasury, and a U.S. dollar reserve covering approximately 18 months of preferred stock dividends; specific terms and timing of the offering have not yet been finalized. Currently, the company holds a net asset value of $106.6 million, with a NAV per share of $0.62, and its closing price on August 26 stood at $0.18 per share. Genius Group projects its NAV per share could rise to $2–$4 over the next five years, though this target depends on financing execution and market conditions. The firm previously exited its Bitcoin holdings and plans to resume purchasing BTC in the fourth quarter of 2026.

realtrumpcoins released a statement saying reports that Trump Coins has launched, promoted or authorized digital tokens are "completely untrue", noting the information is a malicious act by a third party. The statement emphasized that Trump Coins has never authorized any digital tokens, and will not launch, promote or authorize any such tokens in the future. It is currently cooperating with relevant law enforcement agencies to investigate the incident and seek to hold responsible parties accountable. Earlier reports noted that meme coin GOLD was created on Solana at 7:38 yesterday. Related addresses controlled more than 82% of the token’s total supply via distribution and post-launch buying. Around 9 a.m., Trump merchandise partner account @realtrumpcoins1 posted a tweet containing the GOLD contract address, pushing the token’s market cap to a peak of $66 million. At around 11:48 a.m., the tweet was deleted, and the associated addresses immediately began concentrated selling. GOLD’s market cap plummeted from $55 million to $1 million in roughly 30 seconds; the scammers then continued to offload their holdings, eventually selling all their tokens for a total profit of approximately 9,784.6 SOL (equivalent to around $1.01 million).

Local time on August 29, Iranian Deputy Foreign Minister Gary Babadi stated that Iran has reached an understanding with Oman on transit arrangements for the Strait of Hormuz, but the agreement will not automatically enter the implementation phase. Babadi added that the Iran-Oman understanding on the Strait of Hormuz will not be implemented unless the U.S. fulfills its obligations, noting that Iran is in no hurry to reopen the strategic waterway. (Source: CCTV)

SK Hynix CEO Guo Luzheng recently stated that the company is open to further investments in the U.S. semiconductor industry, while predicting the global memory chip shortage will persist until the end of 2030. "We have always been open to more investments, but no decisions have been made yet," Guo Luzheng said. He noted that SK Hynix is searching globally for potential locations that can meet its R&D and testing needs, with power supply, water resources and government incentives being key considerations. "We are open to any location that can provide sufficient infrastructure and resources," he added. Guo Luzheng also expressed hope that the company will bring "more good news" to the U.S. artificial intelligence industry in the future. (Jinshi)

Beating AI News Flash: Sony Music and Warner Music’s publishing subsidiaries sued Anthropic in the U.S. District Court for the Northern District of California on Friday evening, naming CEO Dario Amodei and co-founder Benjamin Mann as defendants, accusing the firm of large-scale music copyright infringement during the development and operation of its Claude AI model series. In a 48-page complaint, plaintiffs allege Anthropic obtained copyrighted works through illegal seed downloading, scraping, and other means, and used "tens of thousands" of musical works to train its models—far exceeding the scope of BMG’s prior related lawsuit over 493 works. They further accuse Anthropic of pirating thousands of copyrighted musical works, seeking hundreds of thousands of dollars in damages for each infringing work. Anthropic responded: "We disagree with the publishers’ allegations and will actively defend ourselves in court." Earlier, Anthropic reached a $1.5 billion copyright settlement with writers and publishers in September 2025.

Renowned trader Killa stated in a post tonight that data from Bitcoin’s multiple bull and bear cycles shows the depth of bear markets is gradually shrinking, and the bottom of this cycle may have already formed. The expectation of some who missed out on gains that Bitcoin will fall to $50,000 in October is highly unlikely. However, Killa also pointed out that if Bitcoin drops to $61,000, the expected value of long positions being liquidated could reach as high as $20 billion, noting that market makers have the motivation and possibility to liquidate long positions before re-establishing new ones. Killa, a quantitative trader focused on BTC, previously predicted the peak of this bull market in May 2025 and has over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688 and switched to long positions during the broad market sell-off on June 5.