BlockBeats News, August 29th, the Meme coin GOLD's initial promotional tweet was deleted, and the token's market cap dropped to $600,000. The official tweet from realtrumpcoins stated, "Regarding the situation, please invest and stand by." Subsequently, this tweet was also deleted. Currently, all content from realtrumpcoins official account related to the Meme coin GOLD has been completely removed, indicating a possible takeover of control by the official account.

Community members reminded that this project's association with the website/link does not necessarily imply official endorsement. They referenced Eric Trump's previous statement that "no one is issuing coins, otherwise it's a scam," urging everyone to wait for a clear endorsement before taking any action. The Chinese community and various multilingual communities generally advise "not to blindly FOMO" and to "wait for confirmation before considering any action."

BlockBeats reminds users that Meme coins are highly volatile and mostly lack practical use cases, so it is advisable not to FOMO.

BlockBeats News, August 29th, according to GMGN market data, the Solana ecosystem Meme coin Trump Digital Gold (GOLD) saw its market cap plummet over 95% in 1 minute, and the current market cap has dropped to $1.8 million.

This Meme coin, themed after "Trump Digital Gold," was launched by @realtrumpcoins1. This account is dedicated to promoting and selling official Trump-related collectible coins/medals and is an official partner of The Trump Organization. As more details have not been disclosed yet, the community widely questions the authenticity of this Meme coin, suspecting that this official account may have been compromised.

Community members remind everyone that the project's association with websites/links does not constitute official confirmation. They refer to Eric Trump's previous statement that "no one is launching a coin, otherwise it's a scam," urging everyone to wait for a clear endorsement before taking action. The Chinese community and multilingual communities in general caution against "blind FOMO" and advise to "wait for confirmation before considering any action."

BlockBeats reminds users that Meme coin prices are highly volatile and mostly lack practical use cases, so please avoid FOMO.

Insightful Beating AI News, Cursor's Co-Founder and CEO Michael Truell wrote that OpenAI has issued a notice planning to block Cursor users' access to the OpenAI model in 3 months. Truell stated that currently the OpenAI model accounts for about 5% of Cursor's user traffic, and Cursor is in communication with the OpenAI team to address this issue.

Truell noted that Cursor was one of the earliest users of OpenAI, and the two have been collaborating for many years. Cursor has always trusted OpenAI to provide its platform as a "neutral infrastructure" service. At this juncture of changing the partnership, Cursor is facing intensified competition in the AI programming tool market and the dual pressure of model suppliers building their own applications.

Previously, two weeks after SpaceX completed its $60 billion acquisition of Cursor, OpenAI announced the end of the nearly four-year collaboration. Future new models will no longer be integrated into Cursor, and the direct supply of existing models is scheduled to stop on November 12, 2026. The contract between the two parties allows OpenAI to terminate the agreement with Cursor after the acquisition. OpenAI almost directly targeted Musk this time. It stated that Musk, after acquiring Twitter, violated the agreement with OpenAI. This year, Musk also admitted in court that xAI had improperly used the OpenAI model.

BlockBeats News, August 29, according to GMGN market data, the Solana ecosystem Meme coin Trump Digital Gold went live this morning. Within two hours of the launch, the market cap surged to over $60 million, then plummeted to $10 million. As of the time of writing, the market cap has rebounded to $36 million.

This Meme coin is centered around the narrative of "Trump Digital Gold" and was launched by @realtrumpcoins1. This account is dedicated to promoting and selling official collectible coins/medals related to Trump and is an official partner of The Trump Organization. Due to limited details available, the community widely questions the authenticity of this Meme coin. There are suspicions of the official account being hacked, but as of now, the related tweets are still present on the realtrumpcoins account and have garnered nearly 400,000 views.

Community members caution that the association of this project with websites/links does not equate to official confirmation. They refer to Eric Trump's previous statement that "no one is issuing coins, otherwise it's a scam," and urge everyone to wait for a clear endorsement before taking any action. The Chinese community and various multilingual communities are generally reminding people to "not blindly FOMO" and to "wait for confirmation before considering any actions."

BlockBeats reminds users that Meme coin prices are highly volatile and mostly lack practical use cases, so it's advisable not to FOMO.

BlockBeats News, August 29th, according to LookIntoChain monitoring, there has been recent whale activity where large holders have been withdrawing SOL from exchanges. The address 5p6zPz withdrew 281,446 SOL from Binance about 9 hours ago, totaling approximately $29.68 million; another address 3WzfuP withdrew 37,272 SOL from Kraken about 1 hour ago, totaling approximately $3.87 million.

The total amount withdrawn in these two transactions was 318,718 SOL, worth around $33.55 million.

BlockBeats News, August 29, according to TradingBeats (formerly Hyperinsight) monitoring, the "Brother Whale" Huang Lizheng's address still holds about 41,000 ETH, worth around $100 million, making it the largest on-chain ETH whale. As the market fell, Machi closed part of the ETH long position about 7 hours ago, losing approximately $1.96 million.

Currently, the wallet's main holdings include: 41,000 ETH (about $100.01 million), 75,000 HYPE (about $6.03 million), and 45 BTC (about $3.5 million).

BlockBeats News, August 29th, according to LookIntoChain monitoring, the Bitcoin treasury company Metaplanet accumulated 3000 BTC into Coinbase Prime in the past 24 hours, worth approximately $237 million.

Previously, Metaplanet has transferred BTC to Coinbase Prime multiple times. It is important to note that transferring to Coinbase Prime does not necessarily indicate a sell-off. The platform offers institutional custody, trading, and financing services, so it is currently not possible to conclude that Metaplanet is selling BTC based on this action.

BlockBeats News, August 29, after Fed Chair Powell sent a hawkish signal at the Jackson Hole Symposium, Bitcoin surged and then retreated. On Friday, it briefly dropped to $76,877, a significant pullback from the overnight high of $81,455, ultimately closing at $77,557, down 3.39% for the day. Earlier this week, Bitcoin saw a double-digit increase, but the $81,000-$82,500 resistance zone once again suppressed the rally.

Powell stated that the pace of U.S. inflation decline is still inadequate, and the Fed has "work to do" before achieving the 2% inflation target, leading the market to significantly raise expectations of a September rate hike. CME FedWatch data shows that the probability of a rate hike in September increased from 35.4% the previous day to 55.7%. The hawkish impact also triggered a concentrated unwinding of leveraged positions in the crypto market, with approximately $481 million in liquidations in the past 24 hours, where long liquidations exceeded $360 million.

However, the market's long-term bullish sentiment has not significantly reversed. Predictive market data shows that traders currently give a 77% probability for Bitcoin to reach the next major target of $84,000, and a 23% probability of dropping to $55,000, a ratio that has not changed despite Friday's pullback.

On the fundamental side, the U.S. spot Bitcoin ETF has seen net inflows for 8 consecutive trading days as of Wednesday, with total investments of around $2.8 billion, marking the longest run of inflows since April. From a technical perspective, Bitcoin's RSI is around 69.7, not yet in the extreme overbought territory that previously triggered a correction; if it falls further, the $73,670-$75,157 range will be a key support area for the bulls, while reclaiming the $81,000-$82,500 level is crucial for opening up new highs.

In the short term, Powell's softened forward guidance implies that the market lacks a clear policy path before the next rate decision meeting, and Bitcoin may still experience significant volatility in response to inflation data and interest rate expectations.

BlockBeats News, August 29th, Meta is currently testing robots for maintaining its data centers that support its artificial intelligence system. The use cases include replacing network cables, restarting servers, moving server racks and equipment for inspection, among others. The robots being tested by Meta currently come from Watney Robotics, Kinova, and ABB.

The robots in question still face challenges such as slow operational speed, limited battery life, difficulties in visual detection, and struggles with handling dense cables and complex obstacles, requiring human supervision and assistance. However, a Meta employee estimates that if the cable-replacement robot matures, up to 80% of certain positions may be replaced by machines. This percentage is the employee's personal estimate and not an official prediction from Meta.

As AI infrastructure continues to expand, Meta is on one hand dealing with a shortage of data center technicians and on the other hand exploring robots to reduce operational costs. Meta has stated that the U.S. is experiencing its largest infrastructure building boom since World War II, leading to a severe shortage of technical workers. Therefore, the company believes that it "needs more workers, not fewer."

However, employees are concerned that robots may reduce the need for experienced technical professionals and shift remaining tasks to lower-paid workers who will follow instructions generated by AI. Currently, Meta's robots are still unable to independently perform complex repairs. But their further development may redefine whether AI data center expansion ultimately creates more employment or accelerates the automation of tech positions.

BlockBeats News, August 29th, Qualcomm plans to launch a long-term robot investment plan in Japan, with the newly established Qualcomm Japan Robotics Center as the core, collaborating with Japanese robot, industrial automation, research, and technology companies to build an open-ended physical AI ecosystem.

Qualcomm stated that the plan aims to promote Japan's technological innovation and industrial upgrading in the fields of robotics, physical AI, and industrial automation, while responding to Japan's policy needs to address labor shortages, enhance industrial competitiveness, and expand AI and robot applications.

The Qualcomm Japan Robotics Center will be responsible for functions such as application development, industrial ecosystem collaboration, talent cultivation, and robot innovation. Participating organizations include Fanuc, Kawasaki Heavy Industries, Toyota, Sony, Panasonic, Fujitsu, NEC, NTT DOCOMO, KDDI, Preferred Networks, and other Japanese companies and research institutions.

This investment plan covers the entire lifecycle of robots from technology research and development to commercial deployment and global expansion, mainly including four pillars: establishing a robot research center, expanding the industrial ecosystem, promoting global commercialization of Japanese robot companies, and supporting demonstrative physical AI projects.

Qualcomm stated that it hopes to help Japanese robot startups, developers, and research institutions accelerate innovation and promote Japanese robot solutions from the domestic market to the global market by providing chip platforms, technical support, development resources, and a global customer and partner network.