Tom Lee: Crypto will be the asset with the strongest FOMO effect before the end of the year; if the Federal Reserve does not raise interest rates in September, US stocks may rally strongly.

According to PeckShield’s monitoring, 50 major hacking incidents hit the crypto industry in August 2026, a 67% rise from the 30 cases in July, with total losses of roughly $136.3 million—down 49.5% month-over-month. Among these, the Cronos ecosystem lending protocol Tectonic suffered a hack that caused about $74 million in losses, making it the largest single incident of the month and the fourth-largest crypto asset theft case of the year. The attackers only bridged approximately $6 million to Ethereum before Cronos suspended its network, leaving most of the remaining funds stranded on Cronos.

Monetary Authority of Singapore (MAS) is soliciting public comments on proposed legislative amendments to the Payment Services Act 2019, aiming to establish a stablecoin regulatory framework in Singapore. The regulator is also seeking public feedback on related proposals for additional regulatory requirements, which draw on developments in the stablecoin industry since 2023. The consultation additionally collects input on policy stances including recognition of cross-jurisdictional and offshore-issued stablecoins. The comment deadline is October 16.

Robinhood CEO Vlad Tenev stated in a post on X that Robinhood Banking’s assets have exceeded $4 billion, adding that this growth reflects users’ trust in Robinhood’s fund management. Tenev also noted that Robinhood is developing "Trump Accounts", which it aims to make the default tool for charitable donations in the U.S. Traditional charitable giving involves complex rules and regulations, requiring donors to evaluate charities, confirm that funds are used as advertised, and assess their efficiency. Trump Accounts allow donors to directly invest funds into investment accounts held by U.S. children, reducing intermediary steps in the donation process. Donors can clearly track their funds’ destination, children own the related assets, no fees are charged, and account assets grow long-term via compounding at market rates—a model expected to bring positive changes to U.S. philanthropy.

Beating AI Flash News: Manus announced it has officially resumed independent operations, with its founding team continuing to lead the company. Data migration for users in previously affected regions has been completed, and services have returned to normal.

Syncracy Capital co-founder Ryan Watkins noted that social trading apps will integrate market data, public trading records, discussions, and trade execution capabilities. Going forward, individual traders posting nine-figure trading results, profit/loss ranking users gaining massive attention, and online groups managing large capital may emerge—with the next Roaring Kitty potentially coming from these platforms. Data shows that in the week ending August 24, social trading apps recorded nearly $1.3 billion in weekly trading volume. Fomo and Pump now have daily active users ranging from 60,000 to 100,000, on par with Polymarket, Hyperliquid, and Phantom.

According to monitoring by Farside Investors, U.S. spot Bitcoin ETFs recorded a net inflow of $216.7 million yesterday, with IBIT contributing $205.9 million of the total. U.S. spot Ethereum ETFs saw a net inflow of $87.6 million, of which ETHA accounted for $59.9 million.