The Sandbox Faces ‘Infinite Mint’ Claim After More Than 500 Million SAND Minted on Base

Signs of abnormal large-scale issuance have emerged involving The Sandbox’s SAND token. Industry participants have alleged that a specific address obtained minting authority on the Base network and minted more than 500 million additional tokens. As o

Hyperliquid Jumps to Record High on Hopes for US Market Entry

Hyperliquid's HYPE token climbed to a record high. HYPE rose as much as $77.55 intraday on Aug. 21, according to CoinMarketCap, topping its previous high set in June. The token has gained about 35% over the past week, bringing its market capitalizati

Trump Says Treasury Market Intervention Was Bessent’s Decision Alone

President Donald Trump said he did not direct Treasury Secretary Scott Bessent’s recent intervention in the U.S. Treasury market. Reuters reported on Aug. 21 that Trump made the remarks while speaking with reporters. Asked whether he had instructed B

US Spot-Bitcoin ETFs See $57.63 Million in Net Outflows

US spot-Bitcoin exchange-traded funds posted net outflows for a third straight trading day. The 13 spot-Bitcoin ETFs listed in the US recorded combined net outflows of $57.63 million on Aug. 14, according to final data from SoSoValue. BlackRock’s IBI

PUMP Jumps 67% in a Month as $13.6 Million in Tokens Unlock

PUMP, the native token of Solana-based memecoin issuance platform Pump.fun, has continued to surge even as additional tokens allocated to the team and early investors were unlocked. On HTX on Aug. 14, PUMP was up 19.65% over the past seven days and 6

SEC Delays ‘Innovation Exemption’ Again, Pressuring Tokenization Stocks and DeFi Tokens

Tokenization-related stocks and decentralized finance tokens fell broadly after the US Securities and Exchange Commission again delayed the rollout of its closely watched innovation exemption. CoinDesk reported on August 15 that the SEC postponed imp

Trump Says US Will Declare Strait of Hormuz American Territory, Won’t Apologize for Oil Price Rise

President Donald Trump said the US would soon declare the Strait of Hormuz to be American territory. The Guardian reported on August 14 that Trump, speaking at a police academy on Long Island in New York, said the US would make the move after “comple

Binance Research Says Gen Z Favors ETFs, Trades Less Frequently Than Older Investors

Binance Research found that Gen Z investors show a stronger preference for exchange-traded funds and trade less frequently than older generations. Cointelegraph reported on August 14 that Binance Research released a report comparing trading data on i

AI Pays Better Than Bitcoin: US Miners Turn Mining Sites Into Data Centers

Bitcoin trades at about half of last year’s peak Lower rewards and higher difficulty squeeze mining margins Riot signs $9.1 billion deal with AI company “The same amount of power creates far greater value” U.S. Bitcoin miners are rapidly shifting tow

EU Starts MiCA Review, Weighs Easing Stablecoin Rules

The European Union is set to revise stablecoin-related provisions in its Markets in Crypto-Assets regulation, known as MiCA. Bitcoin.com reported on August 7 that the European Commission is considering changes to the MiCA framework to address issues

XRP Ledger Seeks Validator Approval for Confidential Transfers Targeting Institutions

XRP Ledger has put a feature that encrypts balances and transaction amounts to a validator vote as part of a new software version aimed at institutional investors. CoinDesk reported on August 7 that Ripple released XRPL version 3.3.0 this week. The r

BofA Keeps Buy Rating on Sandisk, Maintains $2,500 Target With 85% Upside

Bank of America reaffirmed its buy rating on memory-chip maker Sandisk and maintained a $2,500 price target following the company’s latest earnings report. The bank sees about 85% upside from the current share price, TheStreet reported on August 7. I

Microsoft Warns of New Malware Attacks Using BNB Smart Chain

Microsoft Threat Intelligence has identified compromised websites using blockchain networks to deliver malware commands, Wu Blockchain reported on August 7. Hackers used a technique known as "EtherHiding." It retrieves malicious commands hidden in sm

US Treasury Sanctions Crypto Exchanges Linked to Iran’s IRGC

The US Treasury Department imposed sanctions on cryptocurrency exchanges that helped Iran’s Islamic Revolutionary Guard Corps, or IRGC, launder money and evade sanctions. The Treasury’s Office of Foreign Assets Control said on Aug. 7 it designated tw

SharpLink CEO Opposes Ethereum Proposal to Burn Staking Rewards, Calls It a Blow to DeFi

SharpLink CEO Joseph Chalom has formally opposed a new Ethereum Improvement Proposal, EIP-8363, that would gradually burn validator rewards to limit staking. In a post on X on August 7, Chalom wrote that the proposal would damage the decentralized fi

This Week’s Key Economic and Crypto Events: US July Payrolls, Unemployment Rate Due

<Major economic events this week> ▶ Aug. 3 (Mon.): △ Final US July manufacturing PMI, 10:45 p.m. Korea time △ US July ISM manufacturing PMI, 11 p.m. Korea time △ US June construction spending, 11 p.m. Korea time ▶ Aug. 4 (Tue.): △ South Korea July co

Trump Media Moves $205 Million of Bitcoin to Crypto.com

Trump Media & Technology Group transferred about $205 million of Bitcoin to Crypto.com, according to on-chain data, fueling speculation that the company could be preparing a large sale. Arkham Intelligence data show a wallet linked to Trump Media sen

Galaxy Research Says Coldcard Addresses Created Since March 2021 Face Ongoing Risk

A Bitcoin theft campaign exploiting a flaw in the random-number generation, or entropy, of the Coldcard hardware wallet is still ongoing. Alex Thorn, head of research at Galaxy Research, wrote on X on Aug. 1 that an active theft operation is targetin

Trump Says He Canceled Iran Strike, Sets Hormuz Reopening and End to Nuclear Threat as Conditions

President Donald Trump said he canceled plans for military strikes on Iran on the condition that Tehran quickly reach an agreement. The move appeared aimed at pressing for a last-minute deal as tensions edged toward open conflict. On August 1, Trump

Saylor Says Strategy Never Had a No-Sale Bitcoin Policy, Will Remain a Net Buyer

Michael Saylor, chairman of Strategy, pushed back on claims that the company had reversed its stance on Bitcoin sales. Selling Bitcoin is simply an option for managing funds and does not change its long-term accumulation strategy, he said. In a post

US Spot Ethereum ETFs Post $9.03 Million of Net Inflows

U.S.-listed spot Ethereum exchange-traded funds recorded net inflows. Data from SoSoValue showed the 11 U.S.-listed spot Ethereum ETFs posted combined net inflows of $9.03 million on July 31. BlackRock's ETHB led the gains with $15.38 million of net

US Spot-Bitcoin ETFs See $265.37 Million in Net Outflows

More than $260 million flowed out of US spot-Bitcoin exchange-traded funds. The 13 US-listed spot-Bitcoin ETFs posted combined net outflows of $265.37 million on Aug. 31, according to crypto data platform SoSoValue. BlackRock's IBIT led the withdrawa

OpenAI Finds Additional AI Escapes in Review of Hugging Face Breach

OpenAI has uncovered additional cases in which autonomous AI agents escaped isolated test environments while investigating a recent incident involving an agent that broke out of a virtual environment and attacked a third-party system, Reuters reporte

Bessent Notebook Reveals Plan to Buy $5 Billion to $10 Billion of Yen

A note visible in Treasury Secretary Scott Bessent’s notebook indicated the US government may be planning to buy as much as $10 billion of Japanese yen. If the US did intervene in the foreign-exchange market, it would be its first direct move to supp

White House Reviews Bipartisan Ethics Amendment Before Senate Clarity Act Vote

The White House is reviewing a bipartisan ethics amendment ahead of a Senate vote on the Clarity Act. Crypto in America reported on August 31 that Republican Senator Thom Tillis and Democratic Senator Ruben Gallego sent the White House an ethics-pack

World Broadens Proof-of-Human Push to Zoom, Tinder and AI

World, formerly known as Worldcoin, said July 28 that it has entered the third phase of “The Simple Plan,” a long-term business roadmap that expands its identity verification network across companies, consumer platforms and AI agents, as the project

US Spot Ether ETFs See $70.62 Million in Net Outflows

US spot Ether exchange-traded funds returned to net outflows. The 10 US-listed spot Ether ETFs posted combined net outflows of $70.62 million on July 24, according to SoSoValue. BlackRock's ETHA led the withdrawals, with $52.76 million leaving the fu

US Spot-Bitcoin ETFs See $240.08 Million of Net Outflows

US-listed spot-Bitcoin ETFs posted combined net outflows of $240.08 million on July 24, according to SoSoValue. It was the second straight trading day of net redemptions. BlackRock's IBIT accounted for more than 88% of the total, with $212.17 million

Trump Says Iran’s Navy, Air Force Crippled, Calls It Too Early for Talks

President Donald Trump said the war with Iran is "going very well" and claimed the US has established military superiority. He said sustained US attacks had effectively crippled Iran’s core military capabilities, including its navy and air force. Tru

Kim Min-seok Unveils Plan to Legalize Won Stablecoins, Tokenized Securities

Kim Min-seok, a former prime minister running in the Democratic Party's Aug. 17 leadership election, unveiled a financial reform agenda centered on legalizing won-denominated stablecoins and tokenized securities, or STOs. He also pledged to push for