US Stock Futures Dive Further

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.

According to HTX market data, Bitcoin has rebounded, briefly breaking through the $78,000 mark, and is currently trading at $78,007.56, with its 24-hour decline narrowing to 0.28%.