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

According to GMGN market data, the Solana ecosystem meme coin Trump Digital Gold (GOLD) saw its market capitalization plunge over 95% in one minute, currently standing at $1.8 million. Built around the "Trump Digital Gold" narrative, the meme coin was posted by the official X (Twitter) account @realtrumpcoins1. This account focuses on promoting and selling official collectible coins and medals related to Trump, and is an official partner of The Trump Organization. As more details remain undisclosed, the crypto community widely questions the authenticity of the meme coin, suspecting the official account may have been hacked. Community members warn that apparent links between the project and its associated website do not equal official confirmation, citing Eric Trump’s prior statement: "No one is issuing coins; if they are, it’s fraud." They urge waiting for explicit official endorsement before taking action. Both Chinese and multilingual communities generally remind users not to blindly FOMO and to wait for confirmation before considering involvement. BlockBeats reminds users that meme coins are highly volatile and most have no real use cases, advising against FOMO trading.

The initial promotional tweet for meme coin GOLD has been deleted, and the token’s market cap has dropped to $600,000. The official Twitter account of realtrumpcoins previously posted a message saying, “Regarding the handling, please invest and standby.” This tweet was later also removed, and all content related to meme coin GOLD has now been wiped from realtrumpcoins’ official Twitter, sparking suspicions that the account has regained control. Community members warned that apparent connections between the project and websites or links do not equal official confirmation, citing Eric Trump’s prior statement: “No one is issuing coins; anyone who does so is committing fraud,” and urging people to wait for explicit endorsement before taking action. Both Chinese and multilingual crypto communities are widely reminding users to avoid blind FOMO and wait for confirmation before considering participation. BlockBeats reminds users that meme coins are highly volatile and most have no real use cases, advising them not to FOMO.

Beating AI News (Dongcha) – Cursor co-founder and CEO Michael Truell posted that OpenAI has issued a notice planning to block Cursor users from accessing OpenAI models in three months. Truell said OpenAI models currently account for roughly 5% of Cursor’s user traffic, and the company is in talks with OpenAI’s team to resolve the issue. Truell noted that Cursor was among OpenAI’s earliest users, with the two parties collaborating for years. Cursor has long trusted OpenAI to operate its platform as a "neutral infrastructure" for its business. This partnership shift comes as Cursor faces dual pressures: intensifying competition in the AI coding tools market, and model providers building their own applications. Previous reports noted that two weeks after SpaceX completed its $60 billion acquisition of Cursor, OpenAI announced the end of their nearly four-year partnership. New models will no longer integrate with Cursor, and direct supply of existing models is set to cease on November 12, 2026. The contract between the two parties allows OpenAI to terminate the agreement following Cursor’s acquisition. OpenAI’s move this time is almost a direct rebuke targeting Elon Musk: the company stated that after Musk acquired Twitter, Twitter violated its contract with OpenAI; this year, Musk also admitted in court that xAI had improperly used OpenAI models.

Ripple is proactively deploying quantum-resistant capabilities for the XRP Ledger (XRPL) to address the risk that future quantum computers could crack existing blockchain cryptography and steal digital asset private keys. Ayo Akinyele, Ripple’s senior director of engineering, said the goal is not to wait until quantum computing becomes an imminent threat to act, but to ensure critical financial infrastructure is upgraded before the threat arrives. Ripple has mapped out a four-phase plan for XRPL: assessing the network’s potential exposure points, testing quantum-resistant cryptographic algorithms, running existing and quantum-secure mechanisms in parallel, and finally driving the network’s full migration. An emergency response plan will also be activated if quantum computing advances faster than expected. XRPL currently supports replacing account control keys without changing the account, which is expected to reduce future migration difficulties, though large-scale protocol upgrades still require coordination among network validators. Meanwhile, artificial intelligence (AI) is accelerating cryptography research. Reports noted that last month, an Anthropic model cut the computational effort needed to crack a leading post-quantum signature candidate by around 67 million times, further highlighting the necessity of pre-upgrading financial infrastructure. Bitcoin and Ethereum developers also unveiled their respective quantum-resistant migration plans this week. Ripple holds that while AI and quantum computing are separate technologies, both are driving financial infrastructure toward stronger security, more flexible upgrade mechanisms, and round-the-clock automated payment systems.

According to Lookonchain’s monitoring, large crypto whales have recently been withdrawing SOL from trading platforms in concentrated moves. Address 5p6zPz withdrew 281,446 SOL from Binance approximately 9 hours ago, valued at around $29.68 million. Another address, 3WzfuP, pulled 37,272 SOL from Kraken roughly 1 hour ago, worth about $3.87 million. The two transactions combined total 318,718 SOL withdrawn, with a combined value of approximately $33.55 million.

According to monitoring by TradingBeats (formerly Hyperinsight), the address of crypto figure "Brother Ma Ji" (Huang Licheng) currently holds around 41,000 ETH, valued at approximately $100 million, making it the largest on-chain ETH long position to date. Amid the market pullback, Machi closed out part of its ETH long position roughly 7 hours ago, incurring a loss of about $1.96 million. Its wallet’s core holdings now include: 41,000 ETH (valued at ~$100.01 million), 75,000 HYPE (~$6.03 million), and 45 BTC (~$3.5 million).