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Circle issued about 11.2 billion USDC and redeemed about 10.2 billion USDC, resulting in a net increase of about one billion tokens in circulation. Total USDC in circulation now stands at 73.7 billion, with reserves of about $74 billion.

Solana-based neobank Avici will fully compensate 1,685 users affected by a $1 million hack, Cointelegraph reported.

European Central Bank Executive Board member Isabel Schnabel said central bank money, which is issued and managed by central banks, should be moved onto blockchain networks, according to Bloomberg. Speaking at the Jackson Hole conference on Aug. 28, Schnabel said the shift is aimed at revamping how monetary policy is implemented. Schnabel added that using on-chain systems would allow central bank money to retain its role as the foundation for settlement while making use of distributed ledger programmability, including the ability for funds to move automatically when preset conditions are met.

A mismatch emerged at South Korean crypto exchange Korbit between customer-deposited coins and the amount the exchange actually holds, News1 reported. The affected token was Harmony (ONE), which recently suffered a security incident and is traded among South Korean won-based exchanges only on Korbit. Customers had deposited 4,706,076 ONE with Korbit, while the exchange holds 4,491,789 ONE, leaving a shortfall of about 210,000 tokens. The gap is worth roughly 214,200 won, and Korbit plans to cover the shortfall with its own funds. Still, as the only South Korean won-based exchange to list and support trading in Harmony, Korbit is also facing criticism that it cannot easily avoid responsibility for listing and post-listing oversight.

CoinShares CEO Jean-Marie Mognetti warned investors to be cautious about cryptocurrencies with no real use cases, saying even such tokens are rising as the broader crypto market rebounds sharply. According to CoinPost, Mognetti said investor sentiment had been at one of its lowest levels in recent years until just a month ago. More than 100 crypto projects have shut down or disappeared from the market this year, he said, adding those projects did not fail simply because of macroeconomic conditions. Rather, the main reasons were depleted funding, security problems, and a failure to create sufficient utility, revenue, or economic value. While the broader crypto market has recently been trending higher, that does not mean the fundamentals of every asset have improved, he said. Many are climbing simply as risk appetite returns. Rather than asking whether the market is back, investors should examine which assets can retain value when liquidity, political conditions, and investor sentiment no longer support price gains, Mognetti added, according to CoinPost.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 48.5% long, 51.5% short - Binance: 48.22% long, 51.78% short - Bybit: 48.28% long, 51.72% short - OKX: 48.64% long, 51.36% short

U.S. spot Ethereum ETFs recorded $102.1 million in net inflows on Aug. 28, marking a 10th consecutive trading day of net inflows, according to Farside Investors. - BlackRock ETHA: +$83.8 million - BlackRock staking ETHB: +$42.6 million - Fidelity FETH: -$24.3 million

U.S. spot Bitcoin ETFs recorded $201.9 million in net outflows on Aug. 28, according to SoSoValue. The move ended a nine-session streak of net inflows and marked a return to net outflows. - BlackRock IBIT: -$33.4 million - Bitwise BITB: -$49.7 million - ARK Invest ARKB: -$114.9 million - VanEck HODL: -$13.2 million - Morgan Stanley MSBT: +$9.3 million

A hacker who took over the official X account of realtrumpcoins claimed to have made more than $8.2 million from issuing the GOLD token and said the funds would be used as a bounty targeting members of the Trump family.

A Trump-themed memecoin on Solana, Trump Digital Gold (GOLD), saw its market capitalization plunge more than 95% in one minute to around $1.8 million, according to GMGN market data. The token was launched through X account @realtrumpcoins1, an official partner of the Trump Organization that sells related collectible coins and medals. With no further details disclosed, suspicions are growing that the account may have been hacked and used to promote a fake coin.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $154.85 million liquidated (85.44% longs) - ETH: $97.65 million liquidated (77.97% longs) - SOL: $23.12 million liquidated (68.67% longs)

Upbit announced the temporary suspension of HBAR deposits and withdrawals effective immediately as Hedera wallet system maintenance is underway.

Strive (ASST) may have raised funds to buy 1,192 BTC this week through the issuance of perpetual preferred stock SATA, according to an analysis by Bitcoin Treasuries. SATA can issue new shares to fund BTC purchases only when the stock trades above its $100 par value, and the share price regained that level on Aug. 21 after falling as low as $79 in June, restoring the company’s fundraising capacity.

Stablecoins are unlikely to be reliable enough for large-scale payment and settlement use, Bank for International Settlements General Manager Pablo Hernandez de Cos said at the Jackson Hole Economic Policy Symposium, according to Reuters. Hernandez de Cos said stablecoins and tokenized deposits can coexist, but tokenized deposits should handle everyday payments while stablecoins should be limited to specialized uses. He added stablecoins could help boost demand for U.S. Treasuries and lower government borrowing costs, but a shift from bank deposits into stablecoins could raise banks’ funding costs and increase lending rates for retail customers. The BIS has consistently expressed a negative view on stablecoins.

Metaplanet deposited 3,000 BTC worth $237 million to Coinbase over the past 24 hours, according to Lookonchain. While exchange deposits are typically interpreted as a sign of potential selling, Coinbase Prime is a prime brokerage platform that provides trading, custody and financing services for institutional investors, suggesting the transfer may have served other purposes as well.

SVM layer-1 chain FOGO said on its official X account that 400 million FOGO tokens were stolen in an exploit. The chain itself was not affected, but the tokens were transferred to the hacker. FOGO added that it is in contact with exchanges, investigative authorities and forensic specialists.

CoinMarketCap’s Altcoin Season Index stood at 33, down two points from yesterday. The index, published by the cryptocurrency market data platform, is calculated by comparing Bitcoin’s price performance with that of the top 100 coins by market capitalization, excluding stablecoins and wrapped coins. A period is classified as altcoin season when 75% of the top 100 coins have outperformed Bitcoin over the past 90 days. The opposite is considered Bitcoin season. A reading closer to 100 indicates altcoin season.

Addresses linked to crypto options trading platform BIT, formerly Matrixport, added an 8,000 ETH long position on Hyperliquid during an early-morning decline today at an average entry price of $2,440.49, according to ai_9684xtpa. The cumulative position has reached 29,500 ETH and is currently showing about $1 million in unrealized losses. The address cluster holds long positions worth a total of $72 million, ranking fifth on Hyperliquid by overall position size.

Aptos (APT) announced support for Circle’s (CRCL) Cross-Chain Transfer Protocol, CCTP V2, enabling faster USDC transfers.

Losses from the hack of Solana-based neobank Avici have exceeded $1 million. According to Onchain Lens, a hacker address beginning with FVNFzq swapped 10,000 SOL for 1.02 million USDC, then bridged the funds again into 418 ETH. The funds have since been deposited into Tornado Cash, a mixing protocol mainly used for money laundering. The hacker is believed to have exploited vulnerabilities in smart contract permissions and signature verification.

Bitcoin market sentiment and supply-demand conditions have improved as concerns over Strategy selling eased and spot ETFs resumed inflows, Bitfinex said. Bitfinex said Strategy neither bought nor sold BTC last week and secured net proceeds and U.S. dollar reserves through common stock sales. That significantly reduced selling pressure tied to Strategy’s BTC holdings, the exchange said. Bitfinex added Strategy has indicated it plans to resume BTC purchases, while spot ETFs are posting their largest weekly net inflows since October last year, supporting an improvement in market flows.

Bitwise’s spot Hyperliquid ETF, BHYP, is currently staking $74.9 million worth of HYPE. According to Onchain Lens, an estimated BHYP address beginning with 0x6183 added 188,790 HYPE worth $15.19 million to staking two hours ago.

An anonymous address starting with 5p6zPz withdrew 281,000 SOL worth $29.68 million from Binance, EmberCN reported. Exchange withdrawals are generally interpreted as moves into holding rather than immediate sale. The same address also deposited $14.06 million in USDC to Binance a month earlier.

Four anonymous addresses withdrew a total of 675,000 HYPE worth $53.92 million from Coinbase over the past several months, according to Onchain Lens. Most of the tokens were then transferred to Hyperliquid for staking, Onchain Lens said.

The spot CVD chart is an order book analysis chart for the BTC/USDT spot trading pair. The upper panel shows the volume heatmap, while the lower panel represents cumulative volume delta, or CVD. - The upper volume heatmap tracks trading volume at each price range. The background becomes brighter when the price stays in a specific range for an extended period or moves sharply. Brighter zones may act as support or resistance levels. - The lower cumulative volume delta indicator reflects buy and sell orders by capital size. As buy orders increase, the line in the corresponding color moves higher. The yellow line represents orders between $100 and $1,000, while the brown line is based on large orders between $1 million and $10 million.