24H Trending Tokens & Headlines | Trump's Second Son Denies Launching New Token; Vitalik Publishes Research on "Local Mixing" Cryptography (August 24)
- Key Takeaways: Today's market focus centers on the fraudulent denial of Trump-related tokens, Ethereum co-founder Vitalik's release of innovative cryptographic research, and the launch of South Korea's STO market. Meanwhile, core assets on CEXs remain stable, while certain altcoins and crypto-related stocks see notable gains.
- Key Elements:
- Market Overview: Among the top 10 CEX trading pairs by volume, TRUMP (+6.31%) and ENA (+5.56%) led gains, while BTC (+0.06%) and ETH (+0.76%) saw minimal fluctuations; SPK (+18.42%) and MORPHO (+16.94%) topped the 24-hour gainers list.
- Regulatory Developments: Korean exchanges plan to launch a new securities market on November 16, allowing assets such as art and real estate to be traded through securities accounts, marking a pivotal shift for the STO market.
- Politics and Crypto Intersection: Trump's second son denied launching a new token, calling related reports fraudulent; U.S. Representative Rashida Tlaib was disclosed to hold Bitcoin and Ethereum ETFs, with positions up to $15,000 each.
- Technical Research: Vitalik released research on "Local Mixing," a cryptographic obfuscation technique that could become a new foundational primitive following elliptic curves and other innovations.
- Project Updates: YMTC's prospectus shows Q1 2026 revenue of 47.042 billion yuan, ranking third globally in the NAND Flash market; predict.fun launched a prediction market for the Honor of Kings Pro League.
- Funding and Key Opinions: Starcloud completed a $250 million funding round with Nvidia participating; Coinbase CEO expects the CLARITY Act to secure 60 Senate votes by September 15; Arthur Hayes stated that if ETH breaks $3,000, it could rapidly rise above $5,000.
1. Trending Tokens on CEXs
Top 10 CEX trading volume and 24-hour price changes:
- BTC: +0.06%
- ETH: +0.76%
- XRP: -1.02%
- SOL: -1.94%
- BNB: -0.18%
- ZEC: +4.78%
- DOGE: -1.28%
- TRUMP: +6.31%
- ENA: +5.56%
- SUI: +0.49%
Top 24-hour gainers (data source: OKX):
- SPK: +18.42%
- MORPHO: +16.94%
- GRASS: +16.64%
- DGB: +11.96%
- PENGU: +11.64%
- LIT: +11.47%
- AAVE: +9.93%
- ETHFI: +8.69%
- PENDLE: +8.81%
- ZORA: +8.8%
Top 24-hour crypto-stock gainers (data source: msx.com):
- SRM.M: +51.49%
- AAOZ.M: +20.21%
- BTCS.M: +11.85%
- BTOG.M: +6.97%
- HYPD.M: +5.66%
- VAPE.M: +4.99%
- SUIG.M: +4.59%
- MSTX.M: +3.45%
- BMNR.M: +3.15%
- WULF.M: +2.94%
- CONL.M: +2.72%
- DEFT.M: +2.63%
2. Top 5 On-Chain Meme Tokens (data source: GMGN):
- CATE (Solana)
- DIinger (Solana)
- Morty (Solana)
- Bull Run (BSC)
- BNBCAT (BSC)
Headlines
Trump's Second Son Denies Plans for New Trump Token, Calls Related Reports Fraudulent
Eric Trump, the second son of Donald Trump, denied claims that Donald Trump would launch a new token, labeling the related reports as "false and fraudulent."
Ethereum co-founder Vitalik Buterin published a new article, "Obfuscation (Part III): Local Mixing," delving into an emerging cryptographic obfuscation technique called "Local Mixing" and suggesting it could become a new foundational cryptographic tool alongside elliptic curves, RSA, and lattice-based cryptography.
Trump: If We Lose the Midterm Elections, I Will Be Impeached
At a campaign rally in South Carolina on the 21st, U.S. President Trump stated that if Republicans lose the midterm elections, he will be impeached.
Industry News
The Korea Exchange (KRX) plans to launch a new securities market on November 16, allowing assets such as art, real estate, and music copyrights to be traded via securities accounts just like stocks.
The latest financial disclosure from U.S. Democratic Representative Rashida Tlaib of Michigan shows that her retirement account holds Bitcoin- and Ethereum-related ETFs, including up to $15,000 in the Grayscale Ethereum Staking Mini ETF and up to $15,000 in the iShares Bitcoin ETF.
Project Updates
YMTC Prospectus: Revenue of RMB 47.042 Billion in Q1 2026
Yangtze Memory Technologies Co. (YMTC)'s prospectus shows that after turning profitable in 2024, its profitability improved rapidly, achieving operating revenue of RMB 47.042 billion and net profit attributable to the parent company of RMB 33.379 billion in Q1 2026. According to TrendForce data, the company ranked third globally and first in China among global NAND Flash manufacturers by both sales revenue and shipment volume in Q1 2026.
predict.fun Launches Prediction Market for Honor of Kings Pro League
According to official sources, predict.fun announced the launch of a prediction market for the Honor of Kings Pro League, allowing users to trade predictions on match outcomes and results. This launch marks predict.fun's expansion into the esports sector, enabling users to express their judgment on match results through on-chain markets and potentially earn returns based on market price movements. Unlike traditional esports betting models, prediction markets form dynamic probabilities through participants' buying and selling behavior, providing a publicly transparent price discovery mechanism for match outcomes.
Fundraising & Investments
Space Computing Startup Starcloud Completes $250 Million Funding Round with NVIDIA Participation
Space computing startup Starcloud announced the completion of a $250 million funding round, led by Manhattan West Ventures, with participation from NVIDIA, Cisco, Benchmark, EQT, and others. NVIDIA invested approximately $25 million in this round. The new funds will be used to expand satellite manufacturing facilities and advance the development of the next-generation orbital data center satellite, Starcloud-3.
People & Voices
Coinbase CEO: CLARITY Act Expected to Receive 60 Senate Votes by September 15
Coinbase CEO Brian Armstrong stated that the U.S. "Clarity for Digital Assets Act" (CLARITY Act) is expected to receive support from more than 60 Senate votes by September 15, expressing confidence it will pass its first key procedural vote upon Congress's return.
Justin Sun stated on X that his legal team attended a California federal court hearing to oppose World Liberty Financial's attempt to move disputes to secret arbitration and seal related documents.
The court ruled that all of his individual claims will continue to be heard in open court, while rejecting World Liberty's argument that all company-related claims should be submitted to arbitration. The court also ordered both parties to negotiate which claims remain in court and which go to arbitration.
CZ on "Memestock" Innovation: Interesting, But Issuers' Fulfillment Capability Must Be Scrutinized
In response to discussions about the "Memestock" model on X, CZ stated that the combination of Memecoins and tokenized stocks is a "novel and interesting" innovation, but the key lies in whether issuers have the ability to fulfill their commitments.
Arthur Hayes stated that ETH is the largest position in his portfolio besides Bitcoin. He believes that ETH, as the second-largest crypto asset by market cap, has yet to break its 2021 all-time high and carries lower risk of going to zero compared to other crypto assets, offering a favorable risk-reward profile.
Hayes believes ETH's gains in this cycle have been relatively limited, leaving significant room for catch-up. Once ETH breaks above $3,000 and forms a reflexive uptrend, the price could quickly rise above $5,000.
According to on-chain analyst Ember's monitoring, F2Pool co-founder Wang Chun's address (0x268...7643) transferred 12,800 ETH, worth $28.73 million, to Binance, and subsequently withdrew $87.68 million in USDC to repay his borrowings on Spark. The address still holds 65,000 ETH, worth $159 million, and 1,000 WBTC, worth $77.18 million.
