1. U.S. Treasury Sanctions Myanmar Scam Center Involved in Cryptocurrency Fraud

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) announced sanctions against a scam center in Myanmar's Rakhine State, which is sheltered by the Karen National Army (KNA). The center is suspected of conducting cryptocurrency investment scams through forced labor and violence, stealing billions of dollars. Additionally, the sanctions involve ten related targets in Cambodia. The KNA profits from transnational criminal activities, including operating online scam centers and selling energy utilities. -Original

2. New York Fed Data Shows Weakening Job Market Intensifying Decline in Consumer Confidence

A survey by the New York Fed indicates that in August, U.S. consumers' expectations regarding employment and unemployment worsened, with short-term inflation expectations rising. The proportion of the population expecting an increase in the unemployment rate over the next year reached 39.1%, while a record low of 44.9% believe it would be difficult to find a new job after unemployment. Only 22,000 new jobs were added in August, far below expectations, and the unemployment rate rose to 4.3%, the highest level since 2021. -Original

3. U.S. Senate to Vote on Federal Reserve Board Nomination, Potentially Impacting Policy Direction

The U.S. Senate Banking Committee is scheduled to vote on the nomination of Milani to the Federal Reserve Board on September 10. -Original

4. Fed's Rate Cut Expectations in September Trigger Market Volatility Concerns

Analysts point out that the Federal Reserve may cut interest rates in September, which could lead to increased market volatility. The VIX fear index indicates that investors' concerns about risk have risen. -Original

5. SwissBorg Platform Hacked, Losses Exceed $41 Million

Swiss cryptocurrency platform SwissBorg announced that the API of its staking partner was hacked, resulting in a loss of approximately 192,600 SOL (about $41.3 million) from the SOL Earn program. The company stated that this incident did not affect its own app and other Earn programs, and it promised to use its SOL treasury to recover most of the funds. Currently, SwissBorg is working with white-hat hackers and security partners to mitigate the losses. -Original

6. Kazakhstan President Proposes Establishment of National Digital Asset Fund

Kazakhstan President Kassym-Jomart Tokayev proposed the establishment of a national digital asset fund under the National Bank's investment company to accumulate strategic cryptocurrency reserves and adapt to the changing financial landscape. He instructed the government and the National Bank to develop an investment plan of up to $1 billion aimed at promoting the development of high-tech sectors. The president also emphasized the need to develop new tools to inject bank liquidity into the economy and called for new banking laws to enhance market competitiveness, attract new participants, promote fintech development, and regulate the circulation of digital assets. Additionally, he mentioned the launch of the digital tenge, which has been used for project financing of the national fund, and called for accelerating the construction of Kazakhstan's digital asset ecosystem. -Original

7. Solana Project Aqua Accused of Rug Pull, Involving Nearly $4.65 Million

Blockchain analyst ZachXBT stated that the Solana ecosystem project Aqua is suspected of a rug pull, involving approximately 21,770 SOL (about $4.65 million). It is reported that the project previously received promotional support from institutions such as Meteora, QuillAudits, Helius, SYMMIO, Dialect, and several KOLs. Hours ago, the related funds were split into four parts and transferred to multiple exchanges through intermediary addresses. Currently, the Aqua team has disabled comments on all posts on X (Twitter). -Original

8. Ledger CTO Warns of Security Risks in JavaScript Ecosystem, Recommends Pausing On-Chain Transactions

Ledger's Chief Technology Officer issued a warning that the JavaScript ecosystem may be facing a "massive" wave of cryptocurrency hacking attacks and advised users to temporarily avoid on-chain transactions. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin (aicoin.com)

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