Trump Digital Gold Crashes as UK Quietly Mints 240 Crypto Millionaires 🤑
Welcome to another week in crypto, guys.
The year was 1849…. Thousands of people rushed to California, chasing gold that may or may not exist. Story goes that some struck it rich, while most went home broke, sunburned, and questioning their life choices. Ever heard this story before? Well, 176 years later and not much has changed, except now the gold is digital, the frontier is Solana, and the bandits have verified Twitter accounts. 😅
A Trump-branded token called GOLD launched during the weekend, hit $50 million in market cap, and was gone before most of us even finished reading the announcement. Meanwhile, a former White House teleprompter operator decided his proximity to presidential speeches was basically a cheat code for prediction markets, but the CFTC disagrees. For the one wholesome story, 240 people in the UK are certified crypto millionaires, and they decided to tell the government about it themselves. In this economy…. Respect. 🫡
Here are the highlights:
- Trump Digital Gold Crashes 98% After Suspected $330K Rug Pull
- UK Government Reports 240 Crypto Millionaires in 2025
- Ethereum Lending App Term Finance loses $8.5 million after attacker buys voting power
- Ex-White House Teleprompter Operator Fined for Prediction Market Insider Trading
Trump Digital Gold Crashes 98% After Suspected $330K Rug Pull
A Solana based token called Trump Digital Gold (GOLD) collapsed by roughly 98% within hours of launch, falling from a market value above $50 million to around $770,000. The sharp crash came after blockchain analysts flagged wallets linked to the token's launch that appeared to accumulate a large share of GOLD before selling their holdings shortly afterward. The token had been promoted by a verified account claiming an association with the Trump Organization, adding credibility to a launch that was not publicly announced by the Trump family. Trump Digital Gold launched on Solana on Saturday and quickly attracted speculative buying.
UK Government Reports 240 Crypto Millionaires in 2025
The United Kingdom’s tax reporting agency said that 240 people claimed more than 1 million British pounds ($1.4 million) in capital gains from digital assets in the previous tax year. According to data from HM Revenue and Customs released on Thursday, 240 people reported about $975 million combined from capital gains tied to cryptocurrency in the 2024 to 2025 tax year, with each reporting more than $1.4 million. This data included 17,600 individuals who reported digital asset gains over the same period, amounting to $1.9 billion, and $18.7 billion in “disposal” from selling or trading assets.
Ethereum Lending App Term Finance loses $8.5 Million After Attacker Buys Voting Power
Ethereum lending platform Term Finance has lost an estimated $8.5 million after an attacker seemingly acquired enough voting power to take control of some of its lending vaults. The attacker removed roughly 2,843 ether, worth about $6.9 million at the time, and 1.68 million USDC, blockchain data shows, draining about 68% of the assets held in Term’s vaults. Term's Meta Vaults held about $12.45 million before the attack, data from DefiLlama show. Nearly all of the roughly $8.8 million in ether deposited in the product was taken. The unusual part is how the attacker may have gained access.
Ex-White House Teleprompter Operator Fined for Prediction Market Insider Trading
A former White House teleprompter operator has agreed to pay $172,000 to settle charges that he traded on advance knowledge of presidential speeches, betting on prediction markets tied to the words President Donald Trump would say. The Commodity Futures Trading Commission said Friday that Gabriel Perez misappropriated confidential government information to trade "presidential mention market" contracts, event contracts that pay out based on specific words or phrases a president uses in a speech. Because his job gave him access to speeches before they were delivered, Perez was able to wager on outcomes he already knew, the agency said.
Other Highlights Worth Mentioning
XRP ETFs Hit a New 2026 Record at $1.6 Billion – Yahoo Finance
Reform UK Cuts Digital-Asset Ties Ahead of Annual Conference – Bloomingbit
Russia’s Largest Bank Wants Bitcoin and Ethereum as Collateral – Be in Crypto
Bitcoin wallets untouched for 10 years moved $40 million worth of coins – Coindesk
COINIGY FACT OF THE DAY
On this day in August 31, 2017, Bitcoin broke above $4,800 for the first time, setting yet another all-time high during one of the cryptocurrency’s earliest major bull runs.
On August 31, 2017, Bitcoin crossed $4,800 for the first time, continuing an extraordinary rally that had pushed BTC to successive all-time highs throughout the week. Just days earlier, BTC had crossed $4,500, but by August 31 it was pushing beyond $4,800 as the total crypto market capitalization surged past $170 billion. The rally showed just how rapidly crypto was moving from a niche digital experiment toward a multi-billion-dollar asset class—and the biggest part of the 2017 bull market was still ahead.
COINIGY MEME OF THE WEEK
