**[Binance Alpha New Token GAIN Plummets Nearly 95%, Suspected Massive Minting Causes Market Panic]** The newly launched Binance Alpha token Griffin AI (GAIN) experienced extreme volatility this morning, with its price plunging nearly 95% within an hour, hitting a low of $0.004185. It has since slightly recovered to $0.02, with a BSC market cap of less than $5 million. According to BscScan data, GAIN's originally planned total supply was 1 billion tokens (circulating supply of 235 million), but it has now been minted up to 5.298 billion tokens. The largest wallet address holds 4.852 billion tokens, accounting for 91.58% of the total supply. This address is continuously transferring tokens to the PancakeSwap V3 liquidity pool. The official team has yet to release a statement regarding this incident, and market sentiment remains pessimistic.

[Australia Plans to Extend Financial Services Laws to the Crypto Industry] The Australian government has released a draft proposal for regulating crypto asset platforms, aiming to extend existing financial services laws to the cryptocurrency sector. The draft requires crypto platform operators to obtain an Australian Financial Services License and categorizes them into digital asset platforms and custody platforms. Operators must manage conflicts of interest, provide dispute resolution mechanisms, and meet custody and settlement standards. The new regulations cover packaged tokens, public token infrastructure, and staking services, while granting regulatory authorities the flexibility to make adjustments. Additionally, the Australian Securities and Investments Commission has implemented licensing exemptions for stablecoin intermediaries. The draft is currently in the public consultation phase, and the legislative process is underway.

[Whale Buys HYPE Again After 9 Months, Holdings Reach $12.99 Million] According to OnchainLens data, a whale deposited $6 million USDC into Hyperliquid after a 9-month hiatus, purchasing 285,500 HYPE. The current holdings are valued at approximately $12.99 million, with an unrealized profit of $7.16 million. Additionally, the whale holds $2.06 million USDC available for further accumulation.

1. The probability of the Federal Reserve cutting interest rates in October is 91.9% 2. The total value of real asset tokenization on Solana Chain has exceeded 671 million US dollars 3. Northern Trust purchases $493 million Bitcoin exposure through micro strategy 4. Listed company purchases 37828 bitcoins in 20 days 5. Core DAO Bitcoin Pledge ETP Landing on London Stock Exchange 6. The US Senate will hold a hearing on digital asset taxation on October 1st 7. Federal Reserve's Gulsby warns to avoid consecutive interest rate cuts 8. CleanSpark shareholders granted permission to initiate class action lawsuit The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/489002

[Hackers Auction Maryland Transportation Data for 30 Bitcoins] According to reports from Jinse Finance, the Rhysida ransomware hacker group is auctioning sensitive data stolen from the Maryland Department of Transportation for 30 bitcoins (approximately $3.4 million). The data includes personal information such as Social Security numbers, addresses, and birth dates, and will only be sold to a single buyer within 7 days.