A Solana-based token named Trump Digital Gold (GOLD) surged to a $66 million valuation before crashing nearly 99% within about 30 seconds due to coordinated selling by insiders holding over 82% of the supply. The token was promoted by a verified X account linked to Trump merchandise, but the Trump family denied any involvement. This event follows a pattern of politically themed token scams on Solana, where social media hype leads to rapid price spikes followed by massive sell-offs. Authorities have warned about such schemes, but no law enforcement action has been disclosed yet regarding this incident.
XRP's price fell 2.46% to $1.38, testing critical support at the 200-week EMA of $1.37, with further downside risk to $1.27 if broken. Despite price weakness, institutional interest is strong, with XRP ETFs drawing $110.49 million in weekly inflows—t...
Ethereum's price fell to $2,436 on August 29, reflecting a 2.33% decline amid a broader 1.71% drop in the crypto market. Despite this, U.S. spot Ethereum ETFs saw $1.52 billion in net inflows over 10 days, led by BlackRock's ETHA fund which captured ...
Russia's largest bank, Sberbank, is launching a lending program that accepts Bitcoin initially as collateral, with plans to include Ethereum and Tether after regulatory approval. This move follows Russia's new digital asset law effective September 1,...
A security flaw in a legacy smart contract led to a $1.1 million theft from Solana-based crypto card platforms, mainly affecting neobanks Avici and Tria. Avici lost $500,800 impacting 1,685 cardholders, while Tria lost over $430,000 affecting 636 use...
Bitcoin Cash (BCH) fell 7.7% in 24 hours and 12% over the past week, driven by bearish sentiment following Federal Reserve Chair Kevin Warsh's hawkish speech. The altcoin's Open Interest dropped 9.6%, reinforcing short-term selling pressure. Technica...
