Binance's latest Launchpool has received over 18.4 million BNB

According to reports, Changxin Memory Technologies sued the U.S. Department of Defense (DoD) on August 28 (Eastern Time). The company stated today that it filed the lawsuit in the U.S. District Court for the District of Columbia, accusing the DoD of wrongfully placing it on the "Chinese Military Enterprises" list. Changxin was first added to the list in January 2025. It clarified that it is not a military enterprise, only developing and producing DRAM (Dynamic Random Access Memory) products for commercial and civilian use, with no military applications. (Jinshi)

Avici stated in a post that its card-issuing partner Rain discovered a vulnerability in an old Solana card contract used by Avici and a small number of other projects today. The relevant contract has now been upgraded across all projects, and no further unauthorized activity has been detected. Avici noted that the incident only affected the separate Solana contract holding post-recharge card balances; users’ Avici wallets are isolated from their card balances, and funds in Solana and EVM self-custody wallets remain secure and unimpacted. Current checks show a total of 1,685 affected users, with involved card balances amounting to approximately $500,900. Avici has promised full refunds to all affected users and filed a report with the Internet Crime Complaint Center (IC3) of the U.S. Federal Bureau of Investigation (FBI). Earlier today, BlockBeats reported that crypto banking project Avici’s native token AVICI was allegedly hacked, with losses totaling around $1.02 million. The attacker transferred the stolen 10,000 SOL to another wallet, converted it to roughly $1.02 million in USDC, then swapped the funds for about 418 ETH via cross-chain operations.

According to GMGN market data, the meme coin microduck on the Robinhood chain has surged over 370% in the past 24 hours, with its market cap reaching $12.44 million and 24-hour trading volume hitting $7.9 million. The meme coin is inspired by Hugging Face’s real open-source small robot "Microduck" released on August 27, 2026 — a 25cm duck-shaped RL robot priced at around $399 — and also ties to NVIDIA-related acquisition rumors. It has no affiliation with Hugging Face, Pollen Robotics, or NVIDIA; it is an independent meme token launched by the community capitalizing on the trend. BlockBeats reminds users: Most meme coins have no practical use cases and are highly volatile. Please protect your assets and do not FOMO.

StoneX market analyst Fawad Razaqzada said that Christopher Waller’s Friday evening speech was deemed quite hawkish. Waller delivered what the market expected to hear on forward guidance: he does not believe in forward guidance, so he declined to pre-commit to a September rate hike. That said, it did not stop markets from speculating that a rate hike could actually be back on the table. On inflation, Waller stated that fighting inflation remains a clear priority, and he elaborated on this point, though he added that he is confident core inflation is moving toward the Federal Reserve’s target. Overall, his speech was more hawkish than market expectations. During Waller’s Jackson Hole speech, markets sharply repriced the Fed’s September policy decision: the probability of a 25 basis point rate hike jumped from 30% to around 50%. Ahead of the September Fed meeting, one non-farm payrolls report, one CPI inflation report, and several other minor data releases are still to come. Under the new Fed leadership, the central bank has grown more data-dependent. Given that recent U.S. jobs reports have consistently missed expectations by a wide margin, any further signs of weakness could significantly erode market bets on a September rate hike.

According to foreign media reports, on local time August 28, Chinese chip manufacturer Changxin Memory Technologies (CXMT) filed a lawsuit against the U.S. Department of Defense, seeking its removal from a blacklist. Bloomberg reported that CXMT stated the chips it designs are used for civilian and commercial purposes, not military applications, and claimed it was incorrectly added to the blacklist. The lawsuit was submitted to the U.S. District Court for the District of Columbia, with U.S. Secretary of Defense Pete Hegseth also named as a defendant. In a statement issued after filing the suit, CXMT said it is not a defense enterprise, and its reputation and commercial interests have suffered continuous damage since it was first placed on the blacklist in January 2025. The company added that the action was taken to protect its business interests. Reuters noted that the U.S. Department of Defense said in a statement that per its policy, it does not comment on undecided or ongoing litigation.

CICC stated in a report that Federal Reserve Chair Waller’s speech at the Jackson Hole Symposium took a hawkish stance: He acknowledged inflation remains elevated, explicitly noted interest rates are still the primary policy tool, and signaled the Fed will “take actions as needed”; meanwhile, citing economic resilience, stable employment, and loose financial conditions, he explained current policy risks lean more toward the inflation side. He also attributed 65 months of above-target inflation to the central bank itself, correcting the vague July remark of “letting the market replace the Fed in raising rates”. CICC believes this speech helps rebuild the Fed’s credibility, and after the address, markets began pricing in marginal repair of policy credibility. In the long term, Waller still maintains AI may reshape the economic and policy framework, and continues pushing reforms such as reducing forward guidance. For markets, this statement has raised the probability of the Fed raising rates this year, but even so, it is not necessarily purely negative. Current markets are not short of liquidity; what they lack is policy discipline and predictability. As long as inflation is curbed in a timely manner, it will be beneficial for markets in the medium term. (Jinshi)