PANews

PANews, August 29 — According to DefiLlama data, Robinhood Chain’s DeFi TVL is currently approximately $683 million, up 17.78% over the past week and ranking first among leading blockchains by growth rate. In terms of DEX trading volume, the network recorded $890 million in trading volume over the past 24 hours, ranking fifth across all networks. In addition, Robinhood Chain generated $279k in fees over the past 24 hours, ranking sixth across all networks.

Original title: What Watching Fomo's Rise Taught Me About Vector
Original author: @philjacobson, Altitude
Original translation: Golem, Odaily Planet Daily
A few years ago, we developed Vector, a mobile social trading app for on-chain assets. Our business grew extremely rapidly, starting from zero and quickly reaching a peak of over $20 million in daily trading volume, while the product's cumulative trading volume reached approximately $1 billion. During the first few months after launch, as growth accelerated, our user retention looked more like that of a social network than a traditional trading app—which was exactly what we had originally set out to build.
However, at the end of 2025, we sold the company to.

Zhipu announced the open-sourcing of the GLM-5.3 weights, supporting local deployment and customization. The model excels at complex coding, defensive cybersecurity, and long-horizon tasks, scoring 60 points on the AA Comprehensive Intelligence Index, tying with closed-source flagships Claude Fable 5 and GPT-5.6 Sol, and tying with Kimi K3 for first place among open-source models. Only institutions with annual revenue exceeding $10 billion are required to undergo security reviews when providing model services externally.

PANews, August 29 — According to monitoring by Lookonchain, trader James Wynn has returned once again, shorting 1.33 BTC ($103k) with 20x leverage. The liquidation price is $80,483.47.

原标题: “The B-Side of bStocks: Not Building a Better Nasdaq, but Forging a Path to Pricing Power Through Perps”
Author: danny
Lu Xun once said: Don’t strive to be better; strive to be different. If the ultimate goal is to seize pricing power over the underlying assets, then don’t go head-to-head with Nasdaq where it is strongest. Instead, move the battlefield to what you do best: Perps, 24/7 trading, leverage, on-chain inventory, and decentralized wild/formal MMs.
Use Perps to seize the pricing high ground, and use bStocks to absorb inventory and correct errors—seize pricing power.
1848, Chicago Board of Trade

Polygon Labs issued an urgent notice: after the Austin and Kyoto hard forks were activated, nodes still running older Bor/Heimdall versions will fall out of consensus and must upgrade to catch up. Austin block 91,949,700 requires Bor v2.10.0+, while Kyoto block 51,533,000 requires Heimdall v0.11.0+. Austin fixes two types of Bor resource-exhaustion risks: L1–L2 bridge state not being included in gas calculations and the TxDependency field having no upper limit. Kyoto fixes vulnerabilities including deeply nested message attacks, fee-token scanning, and checkpoint signature recovery. Both upgrades are binary-only, with no state migration; nodes that did not fork do not need to resync. Operators of older clients should upgrade and restore synchronization under Polygon’s guidance.

Yi Li Hua said on the platform that BTC has pulled back slightly as expected, and a drop to around $75,500 would be a good opportunity; he remains bullish on a rise after the pullback. He recalled mining at the 2015 lows through the 2017 bull market, investing in hundreds of projects with mixed results; after opportunities diminished, he turned to trading and stressed the need for humility. He profited nine times, but the 10th loss brought him back to square one.

GoPlus warns that a fraud ring controls realtrumpcoins.com and @realtrumpcoins1, maliciously issued the GOLD token, drove its market cap to $60 million before dumping it, and made over $8.2 million in profits; the funds came from KuCoin, while another 15 trading addresses came from Binance. The ring also deployed the malicious PLATINUM token, whose contract can drain holders’ balances at any time. Do not buy it.

Ajna decentralized lending protocol’s v2 was exploited, and abnormal fund flows are under investigation. Users are advised to withdraw all funds, repay loans, and suspend interaction with the protocol. Defimon Alerts estimates the incident caused losses of approximately $775k, involving the syrupUSDC, wstETH, rETH, cbETH, WBTC, WETH/USDC, and sDAI pools, among others, attributed to a liquidation accounting manipulation attack.

PANews reported on August 29 that, according to Yonhap News Agency, South Korea’s largest mobile communications operator SK Telecom announced that it will spin off its artificial intelligence data center (AIDC) business into a new independent legal entity, “SK Horizon,” and plans to introduce a total of 3.08 trillion Korean won (approximately $2.2 billion) in external funding. The spin-off transaction is expected to be completed on February 1, 2027, with global private equity firm KKR, as well as IMM Investment and Stonebridge

RedStone says tokenized RWA assets on Stellar reached $3 billion in July, surging from $785 million in January; total DeFi TVL stood at $213 million. The growth in issuance was driven by four RWA funds, while mismatched settlement cycles and 24/7 lending markets remain a bottleneck. Stellar has integrated 55 SEP-40 price feeds, and DTCC plans to bring approximately $114 trillion in custodial assets onto Stellar by 2027.

Stablecoin issuer Circle has natively deployed USDC and EURC on the Plasma chain and launched the cross-chain transfer protocol CCTP and BridgeKit, enabling cross-chain USDC/EURC transfers without wrapping or liquidity pools. Eligible institutions can access fiat on- and off-ramps through Plasma, while developers can integrate directly. USDC natively covers 37 chains, EURC covers 8 chains, and CCTP covers 28 chains.

New York State warns of AI investment scam risks: Americans lost over $8 billion in 2025, with median losses of approximately $10.56k, up 38%. Scammers use AI to clone voices, fabricate videos, and impersonate financial professionals to promote fake crypto projects. Officials advise verifying the promoter’s identity, the company and investment, and where the funds are going, while remaining alert to promises of high returns and projects lacking evidence. In addition, Australian regulators dismantled 3,106 fraudulent crypto investment platforms in fiscal year 2026.

PANews reported on August 29 that Jiang Zhuoer, founder of the BTC.TOP mining pool, posted that Bitcoin ETFs recorded net outflows on Friday, ending a nine-day streak of inflows. On the news front, Federal Reserve Chair Warsh sent hawkish signals, and BTC will face its first test since beginning its rise. Jiang Zhuoer also confirmed that he sold 50% of his ETH spot holdings during Friday’s decline.

AI-driven DeFi execution platform ORO (formerly Oroswap) announced the completion of a $3 million strategic funding round led by MH Ventures and Mapleblock Capital, with participation from multiple other institutions. ORO can convert natural-language instructions into on-chain operations, covering swaps, staking, lending, cross-chain bridging, and multi-protocol asset management; it uses a non-custodial architecture and features a Shield Engine that simulates transactions before execution and submits them to users for confirmation, while also providing an API for integration by third-party applications.

Digital Asset stated that the total trading volume of South Korea’s five major exchanges was approximately 31.1 trillion Korean won last week, surging 188% week-on-week and surpassing 30 trillion won for the first time since October 2025. It had previously fallen to 7.6 trillion won starting in mid-June, recovered to 10.8 trillion won in mid-August, and surged again over the past week. In terms of market share, Upbit accounted for 59.61% (down 2.62 percentage points week-on-week), Bithumb accounted for 33.11% (down 0.13 percentage points), and Digital X surged 3.48 percentage points to 4.21%, rising to third place and overtaking Coinone (3.05%), while Gopax accounted for 0.02%.

BIS General Manager de Cos said at Jackson Hole that stablecoins are unlikely to become a large-scale, trusted means of payment, while tokenized deposits have greater potential in the application of new technologies. He listed several issues: they could increase banks’ funding costs, drive up interest rates for ordinary borrowers, weaken monetary singleness, suffer from insufficient interoperability, face inconsistent anti-money laundering enforcement, and see the proliferation of dollar stablecoins impact the monetary sovereignty of non-U.S. currencies. U.S. Treasury Secretary Bessent previously supported stablecoins, saying they could strengthen the dollar’s position and boost demand for U.S. Treasuries. de Cos believes the two can coexist but should have different roles: tokenized deposits should handle everyday payment functions, while stablecoins should serve more specialized purposes.

Interpol released the results of Operation Jackal IV, covering 22 countries and targeting romance/crypto and investment scams, email fraud, and money laundering. A total of 58 people were arrested, and 263 suspects were identified. Argentina dismantled a CaaS network, arresting 17 people; South Africa arrested 39 people, seized $2.67 million, and froze 257 bank accounts; Italy identified one suspect involved in cross-European money laundering, involving €845k in accounts; Romania dismantled an investment scam ring, arresting 11 people.

PANews, August 29 — Data posted by Ash Crypto on X shows that Solana ETFs saw approximately $153 million in net inflows this week, the largest weekly inflow since October 2025.

Today's News Highlights:
The operators of the GOLD token scam profited $1.01 million after liquidating their holdings; its market cap plunged approximately 99% from $66 million to $700k
The Bitcoin spot ETF saw net outflows of $202 million yesterday, ending a streak of 9 consecutive days of net inflows
An address withdrew 281k SOL from Binance in the early hours, worth approximately $29.68 million
The Fogo Foundation was attacked, and 400 million FOGO tokens were transferred away
Justin Sun posted again regarding the emotional and property dispute, saying that it has entered judicial proceedings, that he respects the court's ruling, and that the matter ends here
CZ commented on the dispute involving Justin Sun: There is no need for personal attacks; resolving it through legal channels would be better
OpenAI announced the termination of its partnership with Cursor, and access to its models will end on November 12
MetaPlanet transferred to Coinbase within one day