Stablecoins USDT0 and XAUt0 Launched on the Polygon Network

On August 28th, based on a 13F filing, Goldman Sachs held an Ethereum ETF worth $7.21 billion, emerging as the largest institutional holder. Next in line were Jane Street (with a holding of $1.9 billion) and Millennium (with a holding of $1.86 billion). (Cointelegraph)

August 28th: In reaction to the controversy that was triggered by Trump's dismissal of Federal Reserve Board Governor Powell, former U.S. Treasury Secretary Yellen stated: Trump claims to have "fired" Powell with "valid reasons." This action is not only illegal but also extremely perilous. This is a blatant attempt to politicize the Federal Reserve. It is a threat to its leadership and an attempt to make monetary policy bow to the will of the president. Such an action could lead to the end of the Fed's independence—and what will follow is the collapse of the credibility of U.S. monetary policy at home and abroad. Yellen calls on Congress to safeguard the Fed's independence. The courts must reject this illegal abuse of power. The financial industry should also voice its opposition to this direct attack on the credibility of the dollar. (FXStreet)

On August 28th, the world's leading cryptocurrency exchange platform Gate officially launched its 2025 Global Autumn Campus Recruitment Plan. The first stop of the autumn recruitment event will be held at the University of Hong Kong on September 17th, thus commencing this campus tour. As a significant starting point for the global campus recruitment tour, following Hong Kong, Gate will visit several top universities around the world and provide recruitment opportunities for outstanding students in various roles such as product, research and development, design, operations, and blockchain innovation. By means of efficient interview processes and diverse career development paths, Gate anticipates welcoming more young talents to join hands in shaping the future of Web3 and digital finance. Through in-depth engagement with campuses and the embrace of young talents, Gate will continuously strengthen its global ecosystem, enabling students to break through boundaries, explore the forefront

On August 28th, Lee Chan-yeol, the Governor of the Bank of Korea, stated that he had held discussions with the Finance Minister and regulatory agencies regarding the stablecoin issue. (FXStreet)

August 28th. On-chain analyst Zack stated in a post that an address linked to the Linea team has a source of funds that can be traced. This address has deployed the "Linea Allocation Multiplier" contract on the Linea mainnet. It is possible that this contract is used for airdrop multiplier calculation. The same address had previously released the "Spin to Win" game to test the Linea Hub. Zach further noted that since the main criteria for Linea's airdrop will be points (LXP) and on-chain multipliers, and both are now in place, it may suggest that Linea will soon begin accepting airdrop inquiries. At the same time, Zach cautioned users that the authenticity of the contract has not been verified and advised users not to interact with it.

On August 28th, as per Bitcoin Magazine, Paul Lee, the Co-Founder and Managing Partner of Lobo Ventures, declared at the BITCOIN ASIA 2025 conference that Bitplanet is going to establish a Bitcoin treasury company and intends to purchase Bitcoin worth $40 million. Consequently, Bitplanet will emerge as South Korea's first global institutional Bitcoin financial company.