A whale transferred 1000 ETH to Binance after a year of hibernation

At the "AI × New Finance – Global Innovation Tour Hong Kong Session & Cheung Kong Graduate School (CKGSB) Stars Program Launch Conference", Sudan, assistant professor of finance at CKGSB, stated that as information volume continues to explode, AI will evolve from assisting in information processing to further making decisions and executing tasks on users’ behalf. Once AI begins executing transactions directly, payments and asset rights confirmation will become unavoidable links—exactly where Web3 and digital currencies can play a role, making the integration of AI and Web3 highly certain. Sudan also noted that AI is transforming how enterprises compete. Truly valuable AI products in the future cannot merely complete a small step in a workflow; they must form a business closed loop and take responsibility for final outcomes. As model capabilities and workflows become increasingly commoditized, enterprises’ competitive moats will shift more toward exclusive data, real-world scenarios, and deeply integrated business processes.

Beating AI Express (Dongcha) reports that Thibault Sottiaux, OpenAI’s core product lead, hinted Codex could hit a new growth milestone tomorrow. He noted he was reviewing backend data, saying "there might be a new record worth celebrating" and urging users to "Hold on to your Codex." This comment has been widely interpreted by the community as a signal for the next quota reset. Sottiaux (nicknamed Tibo) has previously granted additional quotas to Codex users after the platform hit user growth milestones: in mid-August, when Codex surpassed 15 million active users, he issued a direct quota reset; a week later, after it hit 20 million, he rolled out claimable quota resets for both Codex and ChatGPT Work users. Following the prior pattern of adding roughly 5 million users each time, this milestone is likely targeting 25 million active users.

According to EmberCN monitoring, the Trump Digital Gold (GOLD) scam team sold all its holdings of GOLD tokens at around 2 PM today, totaling roughly 824.54 million tokens — accounting for 82.454% of the total token supply — for a cumulative profit of approximately 9,784.6 SOL (about $1.01 million). GOLD was created on Solana at 7:38 AM today; related addresses had already amassed over 82% of the token supply via distribution and post-launch buys. Around 9 AM, Trump merchandise partner account @realtrumpcoins1 posted a tweet including GOLD’s contract address, pushing the token’s market cap to a peak of $66 million. At roughly 11:48 AM, the tweet was deleted, and the linked addresses immediately began concentrated selling. GOLD’s market cap crashed from $55 million to $1 million in just 30 seconds, after which the scam operators continued offloading until all their tokens were sold. Currently, GOLD’s market cap stands at around $700,000, a 99% plunge from its peak.

Bank for International Settlements (BIS) General Manager Pablo Hernández de Cos stated that stablecoins currently lack credibility as a large-scale payment tool, whereas tokenized bank deposits are more likely to leverage blockchain technology while upholding the foundations of the existing monetary system. Hernández de Cos noted that while stablecoins could reduce government financing costs, a mass shift of bank deposits into stablecoins might drive up banks’ funding costs, which would ultimately be passed on to households and businesses via higher lending rates. Additionally, limited interoperability between stablecoins, inconsistent enforcement of anti-money laundering (AML) rules, and the growing adoption of dollar-denominated stablecoins outside the U.S. could pose risks to financial stability and monetary sovereignty. A recent study from the BIS’ Financial Stability Institute (FSI) also revealed significant discrepancies in how the U.S., EU, UK, Hong Kong, and Singapore regulate stablecoin issuers. Specifically, the U.S. and Singapore impose relatively strict restrictions on non-bank issuers. The U.S. GENIUS Act, in principle, restricts payment stablecoin issuers from engaging in activities such as lending, staking, proprietary trading, and third-party crypto asset custody; Hong Kong, the UK, and the EU allow some of these activities if issuers obtain additional authorization or regulatory approval.

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.