UK High Court approves appeal by Chinese victims in the Qian Zhimin case over property rights to more than 60,000 Bitcoin.
According to Caixin, just four days after the UK High Court of Justice ruled that the property rights dispute over more than 60,000 bitcoins in the Qian Zhimin case is subject to Chinese law, around 16,000 Chinese victims participating in the UK asset recovery process have been granted the chance to challenge the ruling further. The UK High Court held a fresh hearing, with the judge approving the Chinese victims’ appeal against the October 12 ruling on applicable law. Lawyers from all parties also discussed issues including litigation costs related to the earlier applicable law dispute, whether the approximately 16,000 individual claimants will continue to pursue their claims, and how to opt out of the proceedings.
6 minutes ago
Analyst: Short-term Bitcoin whales' unrealized profit falls 53%, with over 10,000 BTC transferred to CEX in a single day.
CryptoQuant analyst Axel Adler Jr stated in a post that Bitcoin short-term whales’ unrealized profit dropped 53% from a record $9.8 billion on September 22 to $4.6 billion on October 20, though the whales remain profitable. On the same day, whales transferred 10,605 BTC to centralized exchanges (CEXs), the highest single-day volume since October 8, roughly 2.8 times the 3,815 BTC average daily amount over the past 30 days. The decline in unrealized profit does not indicate reduced holdings, nor do transfers to exchanges equal actual sales, but analysts point out that the increased inflow signals a rising potential sell-off risk.
6 minutes ago
Crypto market liquidity crunch: Binance's stablecoin reserves hit their lowest level of the year.
According to crypto analyst Darkfost's data, centralized exchange (CEX) stablecoin reserves have been declining recently, with Binance's stablecoin reserves hitting their lowest level this year. Data shows Binance's stablecoin market capitalization has been on a downward trend since June, dropping approximately 4.7% over the past 90 days. Darkfost also pointed out that the decline in stablecoin reserves is not unique to Binance. This stablecoin outflow dynamic will continue to exert pressure on the market, and the lack of inflowing liquidity is exacerbating the current market weakness. To reverse the situation, the market needs to see capital flowing back into CEXs, which is a sign of demand recovery.
6 minutes ago
Zcash developers confirm the NU7 upgrade will roll out in November, cutting the block time to 25 seconds.
Zcash developers have reached consensus on the NU7 upgrade, set to activate at block height 3,543,405 (estimated around November 5). The upgrade will reduce block time from 75 seconds to 25 seconds, tripling transaction confirmation speed. Additionally, 60% of fees collected per block will be removed from circulation, with plans to return these funds to miners starting February 2031, while the original block reward halving schedule remains unchanged in the interim. Furthermore, Zcash’s original privacy protocol Sprout will be permanently shut down after the upgrade; funds not transferred in time will become inaccessible. The proposal was put forward by developer Sean Bowe and approved by the Zcash Improvement Proposal (ZIP) editing team, but it still needs to be formally merged into deployment specifications and integrated into node software before it can officially take effect.
6 minutes ago
US pre-market trading: All three major indices rise, SpaceX surges nearly 9% pre-market, and AI stocks rebound sharply.
Before U.S. stock market opens, all three major index futures rose, with the Nasdaq 100 futures up around 0.80%. In terms of individual stocks, according to BIT (bit.com) market data, boosted by strong quarterly results, SpaceX gained nearly 9% to $161.08. Additionally, driven by merger rumors, Tesla rose 2.67% to $383.68. AI-related stocks mostly advanced before the market open: Nvidia was up 1.8%, AMD up 2.5%, Intel up 2.9%, SanDisk up 2.9%, Western Digital up 2.1%, and Seagate Technology up 2.4%. Meanwhile, optical communications and Neocloud-related stocks saw notable gains: Credo (CRDO) jumped over 5.2%, Lumentum (LITE) rose around 3.98%, and CoreWeave (CRWV) gained around 2.95%. For crypto-related stocks, BNB Standard (BNC) surged over 7.8%, and Strategy (MSTR) added around 1.99%.
6 minutes ago
Sources: Bank of Japan will decide at next week's meeting whether inflation has reached the 2% target.
According to Kyodo News, a source familiar with the matter revealed on Wednesday that the Bank of Japan (BOJ) will assess whether the underlying inflation rate has hit its 2% target at next week’s policy meeting. A confirmation would mark a symbolic turning point for the BOJ, signaling an end to its long-standing monetary policy stance aimed at combating deflation. The BOJ first set the 2% inflation target in January 2013. Despite implementing aggressive monetary easing programs, the central bank has repeatedly pushed back its timeline for achieving the goal. If the target is ultimately met, it will come nearly 14 years after the target was first introduced.
Robinhood ecosystem AI project orbio has announced a $1.2 million seed funding round, with participating institutions undisclosed. The project’s official statement says the funds will be used to build rails enabling agents to self-configure compute, hardware, and top-tier private infrastructure. As of press time, GMGN data shows ORBIO’s token market cap stands at $5.342 million, with a 24-hour increase of 26%. ORBIO is issued on the Pons platform, with Nvidia stock tokens serving as its liquidity pool base. Public information indicates the project aims to build a low-cost AI points trading market, offering discounted points for over 400 AI models including Claude Fable and GPT Astra. BlockBeats reminds users that related tokens have low trading volume and high price volatility, urging caution for investments.
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Multicoin Co-Founder Kyle Samani: His largest personal angel investment has gone to Backpack.
Multicoin Capital co-founder Kyle Samani announced on X that his largest personal angel investment to date has been allocated to Backpack. On September 2, Backpack revealed that Samani—also an early Solana investor—has joined the Backpack US board of directors. Samani has long focused on DeFi, blockchain infrastructure, and the evolution of global capital markets. Backpack noted that the appointment reflects the shared view of both parties that the future of global finance will integrate institutional-grade risk control with the efficiency and transparency of on-chain markets.
45 minutes ago
Fake Ledger websites top Google search results, with related sites attracting over 1 million visits in the past 30 days.
Security researcher @cyberscrilla has discovered a fake Ledger website and app appearing at the top of Google search results, designed to trick users into revealing their 24-word recovery phrases. Reportedly, Google data shows the site has received over 1 million visits in the past 30 days. Earlier, cybersecurity firm Zscaler uncovered in a September investigation that malicious Google ads impersonating Ledger were redirecting users to fake wallet verification pages. Currently, Ledger is probing an alleged wallet theft case involving customers of Southeast Asian dealer CryptoBilis, with an estimated loss of $86 million.
45 minutes ago
Tom Lee: Ethereum May Surpass $5,000 by Year-End, Expected to Hit $50,000 in This Cycle
Bitmine, an Ethereum treasury firm’s Chairman Tom Lee recently stated that Ethereum is poised to rally to between $25,000 and $50,000 in the current cycle. He noted that ETH has traded in a similar range over the past five years, and its ongoing consolidation may lay the foundation for a larger breakout down the line. Tom Lee also projected ETH’s price will surpass $5,000 by year-end, adding that if Bitcoin climbs above $100,000, ETH could hit roughly $7,500.
45 minutes ago
Papertrade has recorded a nominal trading volume exceeding $80 billion, with users incurring a cumulative loss of $4.73 million while attempting to farm PAPER tokens.
According to official website data, Papertrade recorded over $80 billion in cumulative notional trading volume within its first hour of launch. BlockBeats analyzed that the platform’s early trading frenzy may be tied to its unique mechanism. Per its official documentation, the issuance model of Papertrade’s native token PAPER works as follows: for every $1 a platform user loses, the protocol mints a certain amount of PAPER on a curve. When the protocol’s LP balance is below $2 million, the minting rate is fixed at 100 PAPER per $1 in losses; now that the LP pool size exceeds $2 million, PAPER token emissions have entered a decay phase. Likely driven by the above-mentioned "trading losses for tokens" mechanism, data shows that users on the platform have accumulated $4.73 million in total trading losses. Papertrade is a fully on-chain synthetic perpetual trading platform deployed on HyperEVM, which pulls prices from the BBO mid-price of Hyperliquid’s order book. Users trade directly against the protocol’s LP as counterparty, rather than via traditional order book matching. The protocol’s key selling points include high leverage, zero slippage, and no funding fees.
45 minutes ago
Hedge funds’ net exposure to the US Magnificent Seven climbed to 22%, marking a new record high.
According to Goldman Sachs data, investor bullish sentiment toward large-cap tech stocks has reached an all-time high. Hedge funds’ total net exposure to the U.S. Magnificent 7 tech stocks has risen to 22%, a record high. This figure has surged by 7 percentage points since July, marking the largest three-month increase since 2023, and breaking the previous peak of 21% set in June 2024 (compared to just 8% during the 2022 bear market low). Meanwhile, hedge funds’ total net exposure to U.S. semiconductor stocks has climbed to 12%, only slightly below the 14% peak reached in June 2026, while this metric stood at just 2% at the start of 2025. Current market demand for tech stocks is extremely strong. (The Kobeissi Letter)
45 minutes ago
Just half an hour after Papertrade’s launch, PAPER token emissions entered decay mode.
According to official data, Papertrade recorded a cumulative trading volume of $39.9 billion in its first 30 minutes post-launch. The platform’s contract open interest also dropped sharply, with Bitcoin and Ethereum contract positions standing at $1.27 billion and $890 million respectively. The initial trading boom may be linked to its project mechanism: per official documentation, PaperTrade’s native token PAPER is minted via a model where the protocol mints a set amount of PAPER on a curve for every $1 a platform user loses. When the LP balance is below $2 million, the minting ratio is fixed at 100 PAPER per $1 of losses; once the LP scale exceeded $2 million, PAPER token emissions entered a decay phase. Papertrade is a fully on-chain synthetic perpetual trading platform built on HyperEVM, which pulls prices from the Best Bid Offer (BBO) mid-price of the Hyperliquid order book. Users trade directly against the protocol’s liquidity provider (LP) as counterparty, rather than through traditional order book matching. The protocol’s key features include high leverage, zero slippage, and no funding fees.
Kripto para piyasasında meme coinlere yönelik ilginin azalması, Ethereum tabanlı Layer-2 ağı Robinhood Chain üzerinde ciddi bir hareketlilik kaybına neden oldu. Temmuz ayında faaliyete geçen ağda işlem hacmi yüzde 40’tan fazla gerilerken günlük işlem ücretlerinde yaklaşık yüzde 99’luk düşüş yaşandı. Özellikle meme coin işlemlerindeki yavaşlama, ağın sürdürülebilir büyümesine ilişkin soru işaretlerini artırırken yatırımcıların dikkatini blockchain üzerindeki güncel verilere çevirdi.
Robinhood Chain’de İşlem Hacmi Neden Düşüyor? Robinhood Chain, 1 Temmuz’daki lansmanının ardından kısa sürede yüksek işlem aktivitesine ulaşarak kripto para piyasasında dikkat çekmişti. Özellikle meme coin işlemlerine yönelik yoğun ilgi, ağdaki işlem sayısının ve işlem ücretlerinin hızla yükselmesini sağladı. Ancak son veriler, başlangıç dönemindeki güçlü hareketliliğin önemli ölçüde zayıfladığını gösteriyor. Ağ üzerindeki işlem hacminin yüzde 40’tan fazla gerilemesi, kullanıcı faaliyetlerinde belirgin bir yavaşlama yaşandığına işaret ediyor. Bu düşüşte meme coin piyasasındaki spekülatif işlemlerin azalması önemli bir etken olarak öne çıkıyor. Ağın gelecekteki performansı açısından kullanıcı ilgisinin yeniden artıp artmayacağı kritik önem taşıyor.
İlginizi Çekebilir: Standard Chartered Favorilerini Açıkladı: İşte 6 Altcoin!
Robinhood Chain üzerindeki gerilemenin en dikkat çekici göstergelerinden biri günlük işlem ücretlerinde yaşandı. Eylül ayının başında yaklaşık 8 milyon dolara ulaşan günlük işlem ücretleri, son dönemde 40 bin dolar seviyelerine kadar geriledi. Bu değişim, ağın günlük işlem ücretlerinde yaklaşık yüzde 99,5 oranında düşüş yaşandığını ortaya koyuyor. Aynı dönemde günlük işlem sayısı da 13,1 milyondan 6,5 milyona gerileyerek yaklaşık yüzde 50 azaldı. İşlem ücretlerindeki sert düşüş, ağ üzerindeki ekonomik faaliyetin önemli ölçüde yavaşladığını gösteriyor. Ancak ücret gelirlerindeki gerilemenin tamamını işlem sayısındaki azalmayla açıklamak mümkün değil. İşlem başına ödenen ücretlerdeki değişimler de toplam gelir üzerinde etkili olabilir.
Meme Coin Platformu Pons’ta İşlemler Yüzde 37 Azaldı Robinhood Chain ekosisteminde faaliyet gösteren meme coin platformu Pons da kripto para piyasasındaki yavaşlamadan önemli ölçüde etkilendi. Paylaşılan verilere göre platformun haftalık meme coin işlem hacmi yüzde 37 oranında gerileyerek yatırımcı ilgisindeki zayıflamayı ortaya koydu. Bu gelişme, meme coinlere yönelik talebin azalmasıyla Robinhood Chain üzerindeki işlem aktivitesindeki düşüşün aynı dönemde gerçekleştiğini gösteriyor. Özellikle ağın ilk dönemlerinde yoğun ilgi gören spekülatif işlemlerin azalması, platformdaki hareketliliğin önceki seviyelerin altında kalmasına neden oldu.
Kısa vadeli kazanç beklentisiyle gerçekleştirilen spekülatif işlemlerin azalması, meme coin odaklı platformların işlem hacimlerini ve ağ üzerindeki ekonomik faaliyetleri olumsuz etkileyebilir. Ayrıca yatırımcıların daha temkinli hareket etmesi ve yüksek riskli kripto varlıklara yönelik talebin zayıflaması, işlem aktivitesindeki toparlanmayı geciktirebilir. Bununla birlikte Pons üzerindeki yüzde 37’lik düşüş, tüm meme coin piyasasında aynı ölçüde gerileme yaşandığı anlamına gelmiyor. Önümüzdeki dönemde yatırımcı ilgisinin yeniden artması ve işlem hacimlerinin toparlanması, Robinhood Chain ekosisteminin kısa vadeli performansı açısından belirleyici olabilir.
Meme Coin Piyasasında Düşüş Devam Edecek mi? Robinhood Chain üzerindeki son veriler, meme coin odaklı işlem hareketliliğinin sürdürülebilirliği konusunda önemli soru işaretleri oluşturuyor. Ağın işlem hacmindeki yüzde 40’ı aşan düşüş ve günlük ücretlerdeki yaklaşık yüzde 99’luk gerileme, ilk dönemlerde görülen yoğun ilginin önemli ölçüde azaldığına işaret ediyor. Genel değerlendirmede Robinhood Chain’in yeniden güçlü bir büyüme ivmesi yakalayabilmesi için işlem aktivitesinin toparlanması ve kullanıcı talebinin artması gerekiyor. Özellikle meme coin platformlarındaki işlem hacimleri, günlük aktif kullanıcı sayısı ve ağ ücretlerindeki değişimler, önümüzdeki dönemde yakından takip edilecek göstergeler arasında bulunuyor. Ancak mevcut veriler, meme coin piyasasındaki düşüşün kalıcı olduğunu söylemek için tek başına yeterli değil.
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Pons, a non-custodial token launchpad that runs only on Robinhood Chain, has crossed $6 billion in cumulative trading volume through its Uniswap v4 hook pools. The project announced the milestone on October 7, 2026.
Pons launched on July 13, 2026. Reaching that figure in under three months is a fast clip for a platform that did not exist this summer.
How the Pons machine works Under Pons’ V2 model, a token stays on a bonding curve until it hits a threshold of roughly 4.2 ETH equivalent. At that point, it “graduates.”
Graduation moves the token into a full-range liquidity position on Uniswap v4, and that position is permanently locked. Full-range means the liquidity covers every possible price. Locked means nobody can pull it later, which removes one of the more familiar ways early meme tokens tend to go sideways.
The $6 billion figure measures trading in those graduated pools. It does not count activity on the bonding curves themselves.
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The hook and the fee split Pons runs its graduated pools through a hook called PonsV2MemeHook. It handles swaps after graduation and distributes fees, along with other operational mechanics.
The fee split leans heavily toward creators. Roughly 70% goes to token creators, and around 30% goes to the Pons protocol.
From v3 to v4 Pons did not start with this design. The project rolled out its V2 contracts on August 3, 2026, just weeks after launching.
Before that, Pons deployed tokens directly to Uniswap v3. The V2 upgrade replaced that approach with the curve-then-v4-hook structure described above.
Robinhood Chain’s outsized share of Uniswap In early September 2026, Robinhood Chain accounted for $901.5M of Uniswap’s total $1.6B trading volume over a 24-hour period, representing 56.3% of Uniswap’s volume for the day.
Fee generation and the pump.fun comparison On one day in early September, Pons generated $5.95M in trading fees. On a weekly basis, its average fees have run in the tens of millions.
Pons has often outpaced pump.fun in daily fee generation.
Pons puts part of its revenue toward recurring buybacks and burns of its $PONS token, using its earnings to purchase its own token on the open market and then permanently removing those tokens from circulation.
Uniswap Labs takes a position Uniswap Labs bought $PONS tokens in early September 2026. The purchase was framed as a sign of long-term engagement with the project.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
DWF Labs Partner: If Trump wins the midterm elections and distributes $5,000 to every adult, the crypto market may usher in a bull market.
DWF Labs Managing Partner Andrei Grachev stated that if Donald Trump wins the midterm elections and disburses $5,000 to every U.S. adult, the scale would reach 150% of the COVID-19 era’s "helicopter money" program. He noted that a portion of these funds would inevitably flow into the crypto market, potentially triggering a bull run comparable to the 2021 rally. However, Grachev warned that investors should take profits during such a rally, as a crisis could follow. Earlier reports had noted Trump’s renewed pledge: if Republicans secure control of both the House of Representatives and Senate in the midterms, he will issue a $5,000 "dividend" to every adult U.S. citizen. Based on an estimated 240 million U.S. adults, the plan would cost roughly $1.2 trillion, making it one of the largest economic stimulus measures in the U.S. since the COVID-19 pandemic.
4 minutes ago
Hyperliquid has earned its first USDC reserve revenue of $14.58 million, with an annualized run rate of roughly $193 million at current scale.
Hyperdash co-founder Hans published a post noting that Hyperliquid’s AQAv2 mechanism has established a new revenue stream. On October 3, the AQAv2 treasury wallet completed its first payment of $14.58 million for the USDC reserves held by the trading platform over the prior 30 days. The funds will be allocated to an assistance fund for purchasing HYPE. Under the mechanism, after users bridge USDC to Hyperliquid, Circle mints the corresponding assets on HyperEVM, and charges fees on the treasury balance daily, with settlements occurring every 30 days. Coinbase and Circle each staked 500,000 HYPE; if payments are delayed, Coinbase could lose 2% of its staked amount per day. Hans added that Hyperliquid’s previous revenue was primarily derived from trading fees, while AQAv2 enables the platform to earn income directly from margin deposits themselves, regardless of whether the associated funds are used for trading. The first payment covers the period from August 26 to September 24, with an implied average rate of roughly 3.14%. At current scale, annualized revenue is estimated at approximately $193 million. From January 1 to September 30 this year, Hyperliquid’s open interest rose from $7.72 billion to $16.4 billion, and platform margin increased from $4.34 billion to $7.22 billion. Over the same period, perpetual contracts recorded around $2 trillion in total trading volume, generating $493.3 million in fees for the protocol, equivalent to roughly 2.46 basis points per dollar of trading volume. Using this year’s average trading speed and current AQAv2 rate, every $1 of margin contributes about 15.4 cents in annual revenue to the protocol, split into ~12.5 cents from trading fees and ~2.8 cents from AQAv2. Hans projected that under the baseline scenario of stablecoin volume growing 20% annually and Hyperliquid retaining its current ~8.7% market share, the protocol’s annual revenue could rise from the current ~$1.11 billion to $2.4 billion by the end of 2030.
4 minutes ago
Cronos Token Economy Proposal Passes: 228 Million CRO Burned, All Revenue From Ult and Cronos Launch to Be Allocated for Buyback and Burn
Cronos Network announced that two token economic proposals have been approved, with 228 million CRO from its community pool burned, bringing the total cumulative CRO burn to 428 million. Under the passed proposals, all future revenue from Ult and Cronos Launch will be allocated to repurchase CRO on the open market, which will then be burned monthly, and all related transaction hashes will be made public.
4 minutes ago
A Bitcoin whale has placed a $10.27 million long bet on Bitcoin, targeting a rebound, at an average entry price of $84,918.9.
According to on-chain analyst Ai Yi (handle @ai_9684xtpa), address 0x799…15f4c opened its first position on Hyperliquid, betting on Bitcoin (BTC)’s rebound with 7x leverage. The address initiated a long position of 121.23 BTC in the early hours of today, with the position valued at approximately $10.27 million, an average entry price of $84,918.9, and is currently facing an unrealized loss of around $20,000.
4 minutes ago
Ansem: PUMP can be valued using Layer 1 (L1) logic, and he is optimistic that pump.fun will emerge as a super app in this cycle.
Crypto trader Ansem noted that the market has not yet fully priced in pump.fun’s evolution into a Layer 1 (L1)-like underlying infrastructure, where other token-launching platforms could directly build in the future. Few are currently focused on the creator fee splits pump.fun pays to token creators: the ratio is nearly 1:1 relative to the platform’s revenue, meaning for every ~$500 million the platform generates, token creators receive roughly $500 million in creator fees after their tokens complete the bonding curve phase, giving teams strong incentives to build products on pump.fun. He believes this economic structure may be superior to that of traditional L1s, as pump.fun can collect fees from every layer of token-launching platforms and each token they issue. With the rollout of features like custom trading pairs and Callout Rewards, the market may gradually start valuing PUMP in a manner similar to Layer 1 assets. He also expressed strong optimism about the investment thesis that pump.fun will develop into a "super app" in this cycle.
4 minutes ago
Whales accumulate $PUMP: netherlol buys 383.34M after 1 year, new wallet withdraws 189.22M from MEXC
Whales are buying $PUMP. "netherlol" bought 383.34M $PUMP ($2.4M) after more than a year. A newly created wallet, GnZqfY, withdrew 189.22M $PUMP ($1.18M) from #MEXC 7 hours ago.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Coinbase is accused of covering up losses exceeding $1 billion from a hack, with at least a dozen institutions affected.
Crypto hedge fund BlockTower Capital founder and CIO Ari Paul said that Coinbase "lost" roughly $25 million from his firm several years ago, an incident later revealed to be a cover-up for multiple large-scale hacks, with the funds still unrepaid to date. Paul also claimed that at least a dozen affected institutions have been identified, with the total amount concealed exceeding $1 billion, though he cannot disclose more details due to multiple ongoing legal proceedings. In response, Coinbase’s official customer support account has contacted Paul to arrange a private conversation, and the platform has not yet issued any further public response.
14 minutes ago
Instinct and Muse have aligned on the same model: their agents are free to use, with revenue generated from transaction commissions.
Beating AI Express News: Noah Shinn, founder of personal AI agent Instinct, detailed the company’s monetization plans in his first public in-depth interview. Shinn aims for Instinct to eventually remain free long-term, with no subscription fees charged to users. After the agent completes transactions on users’ behalf—such as booking hotels or shopping—Instinct collects a small commission from the merchants receiving the orders. However, this is currently just his goal; Instinct has not yet committed to permanent free access. Shinn also explicitly ruled out advertising. Personal AI agents will grow more familiar with users and increasingly adept at influencing their decisions. If the platform relied on ad revenue, agents might start pushing users to purchase items they had no intention of buying. He prefers Instinct to generate revenue solely from transactions users were already set to complete. The exact commission rate has not been finalized. Shinn cited the platform fees charged by Shopify, Amazon, and Apple as references. Currently, roughly half of Instinct’s transaction volume comes from travel, with some boutique hotels willing to pay commissions of over 30% for orders it drives—though Instinct may not charge that high a rate. Coincidentally, Mark Zuckerberg previously envisioned the same model for Muse: most users would access the service for free, with the agent charging merchants for transactions it facilitated.
14 minutes ago
Meme coin GP’s market cap briefly topped $9 million, surging more than 82.5% in the past 24 hours.
According to GMGN data monitoring, the market capitalization of Solana-based meme coin RuneScape Gold (GP) briefly exceeded $9 million, surging more than 82.5% in 24 hours with a trading volume of $3.6 million. GP is themed after in-game gold from the classic game *RuneScape* and paired with tokenized gold GLDx. Each GP transaction incurs a 3% tax; accumulated fees are periodically converted by StonkFun and distributed proportionally to eligible holders in GLDx form, forming a mechanism of "earning gold price exposure rewards by holding tokens". It is a high-volatility meme asset integrating nostalgic gaming narratives, transaction tax dividends, and tokenized gold concepts. BlockBeats reminds users that most meme coins lack practical use cases, have significant price volatility, and require caution when investing.
14 minutes ago
Bank of America: Bond market volatility is testing the AI bull market, with deleveraging risks heating up.
Bank of America strategist Michael Hartnett’s latest warning flags that sharp volatility in the U.S. Treasury market is emerging as a new pressure source for risk assets. The MOVE index he tracks jumped roughly 35% over two trading days, reflecting heightened volatility in the financing system that uses U.S. Treasuries as core collateral. Hartnett warns that if the Global Financials ETF (ticker: IXG) falls below $125 while the MOVE index remains above 125, the market could enter a broader "risk-off deleveraging" phase. This would subject AI trades to more stringent interest rate tests. For some time, the resilience of tech giants’ earnings and AI-related capital expenditures have supported U.S. stocks, but rising long-term interest rates will simultaneously push up financing costs and valuation discount rates. The 10-year U.S. Treasury yield briefly topped 5.2% last week, hitting its highest level since 2007; a prior Bank of America survey of fund managers also showed that "disorderly upward movement in bond yields" has overtaken the AI bubble as the market’s most feared tail risk. Hartnett’s core view is that rising yields alone do not necessarily end risk appetite; the truly dangerous combination is high yields paired with weak financial stocks. This would mean interest rates have shifted from a signal of economic expansion to a source of tightening liquidity and credit conditions; leveraged funds will be forced to reduce positions, and pressure could then spread from bonds to tech stocks, bank stocks, and other high-valuation assets. For AI bulls, the next key factors to watch are whether bond volatility eases, bank stocks stabilize, and long-term yields show signs of peaking. Bank of America continues to view yields as the primary potential threat to current economic and stock market expansion; once interest rate pressures ease, large-cap tech stocks could regain investor favor.
14 minutes ago
CoinShares: SEC's innovation exemptions will continue to push TradeFi on-chain, but high yields are still weighing on Bitcoin.
In its latest report, CoinShares stated that the U.S. CLARITY Act’s failure to advance in the Senate has cooled short-term expectations for crypto market structure legislation, though integration between traditional finance and on-chain infrastructure persists. The report argues that regulatory setbacks have not halted corporate investment in payments, stablecoin distribution, and tokenized securities, with the market continuing its institutionalization process via practical business collaborations. CoinShares highlighted recent TradeFi-related developments in crypto, including the NYSE and Blockchain.com exploring 24-hour trading channels for tokenized U.S. stocks and ETFs, ICE establishing a two-way data partnership with Blockchain.com, and Circle expanding its five-year collaboration with Binance while securing $100 million in strategic investment to boost USDC distribution. The firm believes these moves, combined with the SEC’s recent innovation exemptions, will further drive the on-chain migration of trading, payment, and clearing infrastructure. Market performance indicates crypto assets have temporarily weathered dual pressures from regulation and interest rates. Per CoinShares’ data, its blockchain stock index rose 1.9% last week, while Bitcoin gained 3.8%. However, the U.S. dollar hit an eight-week high, 10-year U.S. Treasury yields topped 5.2%, and oil prices remain supported by Middle East tensions, leaving the macro environment unfavorable for liquidity-sensitive assets.
14 minutes ago
Coinbase被指掩盖超10亿美元黑客攻击损失，至少十几家机构受影响
Crypto hedge fund BlockTower Capital founder and CIO Ari Paul said that several years ago, Coinbase "lost" roughly $25 million from his firm. It was later revealed that the exchange had covered up multiple large-scale hacks and has yet to return the funds. Paul also added that at least a dozen affected institutions have been identified, with the covered amount exceeding $1 billion. He cannot disclose more details, however, as multiple legal proceedings are still ongoing. In response, Coinbase’s customer support account has contacted via private message, but the platform has not issued a further public statement.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Hong Kong-listed large model concept stocks continue to slump, with Zhipu falling over 5.6% intraday and MINIMAX dropping more than 10%.
According to Bitget's market data, Hong Kong-listed large language model concept stocks continue to decline. Zhipu fell more than 5.6% intraday, while MINIMAX dropped over 10%.
6 minutes ago
GNGN-associated address deposits 6,100 ETH to Coinbase, valued at $16.38 million.
According to on-chain analyst Ai Yi (@ai_9684xtpa), a GNGN-associated address deposited 6,100 ETH worth $16.38 million to Coinbase 8 hours ago. Tracing back, the ETH was bridged from the Robinhood Network to the Ethereum mainnet six days ago, and is likely Robinhood Network fee revenue.
6 minutes ago
It is reported that ByteDance plans to purchase 1 million units of NVIDIA's new GPUs, and the acquisition may be approved.
Beating AI Express News: The Information, citing two people familiar with the matter, reports that Chinese officials are considering allowing companies including ByteDance and Alibaba to purchase NVIDIA RTX PRO 5500. The Ministry of Industry and Information Technology (MIIT) recently requested these firms to submit their planned purchase volumes and intended uses, and has indicated to some companies its intention to approve the applications. However, the exact approval timeline and allowed purchase quantities remain undetermined. ByteDance is considering procuring around 1 million units of the RTX PRO 5500, with the final number subject to approval results and NVIDIA’s supply capacity. Unlike data center AI chips such as the H200, this card is NVIDIA’s newly launched Blackwell workstation GPU this month, equipped with 84GB GDDR7 video memory. NVIDIA positions it as a rackmount workstation product, explicitly supporting large model inference, AI agents and generative AI. The report also notes that some Chinese buyers plan to install 8 RTX PRO 5500 per server to run AI models. NVIDIA plans to begin shipments in late December, aiming to supply approximately 500,000 units to China every quarter. If ByteDance ultimately purchases 1 million units, its order alone would equal NVIDIA’s planned China supply for two quarters. Chinese enterprises still face a shortage of AI computing power; Huawei’s rotating chairman Xu Zhijun stated last week that its AI computing equipment production capacity cannot even meet domestic demand. However, the RTX PRO 5500 faces another hurdle to entering China: the US government has not publicly confirmed whether it complies with existing export restrictions, with only some industry insiders expecting it to be allowed.
6 minutes ago
Maji reduces Bitcoin long positions, with his account incurring a $1.42 million loss in nearly 24 hours.
According to TradingBeats monitoring, "Big Brother Ma Ji" (real name Huang Licheng) has reduced his Bitcoin long positions. His account suffered a $1.42 million loss in the past 24 hours, with profits shrinking to $1.62 million over the past seven days. His current positions are as follows: Ethereum (ETH) long positions worth approximately $92.62 million, with an unrealized loss of around $70,000; entry price: $2,671.16, liquidation price: $2,548.34. Bitcoin (BTC) long positions worth approximately $25.18 million, with an unrealized loss of around $50,000; entry price: $84,112.40, liquidation price: $70,059.66. HYPE long positions worth approximately $19.82 million, with an unrealized loss of around $650,000; entry price: $93.06, liquidation price: $70.43.
6 minutes ago
South Korea's KOSPI index extended its decline to 2%, with Samsung Electronics and SK Hynix both falling more than 4%.
According to Bitget market data, South Korea’s KOSPI index has extended its intraday decline to 2%. Samsung Electronics slid 4.1% and SK Hynix dropped 4.65%.
6 minutes ago
China's Ministry of Commerce: China and the U.S. have agreed to hold the next China-U.S. Artificial Intelligence Dialogue before the end of November this year.
A senior official from the Department of North American and Oceanian Affairs of China’s Ministry of Commerce interpreted the outcomes of the 8th round of China-US economic and trade consultations. During the round, both sides agreed that under the framework of the China-US economic and trade consultation mechanism, Vice Premier He Lifeng and US Treasury Secretary Scott Bessent, as the respective leads of China and the US, will launch an artificial intelligence (AI) dialogue, and held its first session to exchange views on the risks and benefits of AI. The two sides agreed to hold the next dialogue before the end of November this year, and also reached an agreement to establish a communication channel for AI-related incidents.
On-chain analyst Wazz published a post revealing a large-scale suspected series of rug pulls and fund withdrawals on the Robinhood chain, linked to at least 53 token launches over the past two months. The total amount of funds directly involved so far stands at $18.43 million, with the actual scale likely higher. Wazz noted a clear correlation in fund flows between these projects: proceeds from one project are typically used to fund the key wallets of the next project just seconds later. Almost all projects were front-run at launch, seizing over 70% of the total token supply, and bundled through 70 to 200 wallets, with most issued via Pons V2. He also discovered that some projects even conduct "fake launches" first, attracting funds in advance through preheating and hype before disclosing the actual contract address to further increase the amount of funds siphoned off. CRUMBS is the project with the highest amount of funds siphoned off in the ongoing investigation, totaling approximately $3.12 million.
Relevant content
Strive’s CEO, following in Michael Saylor’s footsteps, hinted in a post that he may add to his Bitcoin holdings next week.
Matt Cole, CEO of Bitcoin treasury firm Strive, posted the message “Turn amplification up some more,” hinting that the company will increase its Bitcoin holdings next week. The move follows the practice of Michael Saylor, founder of Strategy, the world’s largest Bitcoin treasury company. Both firms have a pattern of posting hints about Bitcoin purchases on Sundays, then announcing the exact size of the holdings addition on the following Monday. Earlier on September 21, Strive’s Cole disclosed that the firm bought 1,355 BTC for $107.7 million, at an average cost of $79,475 per coin, bringing its total BTC holdings to 26,355.
1 hours ago
Trump is expected to hold more talks with Iran, with new discussions possibly kicking off as early as Monday.
According to Axios, one day after rejecting Iran’s proposal to end the war, U.S. President Donald Trump said he expects U.S. negotiators to hold more talks with Iran this week. Qatar and other regional mediators are attempting to restart U.S.-Iran negotiations, but the two sides have major differences on key issues. While Iran wants to focus talks on the Strait of Hormuz and U.S. maritime blockades, the Trump administration is demanding Iran make concessions on the nuclear issue. Two regional sources confirmed Trump’s remarks about more talks this week. They anticipate a new round of indirect dialogue between the U.S. and Iran as early as Monday, though it remains unclear whether the two sides can bridge their gaps. Trump stated: “I expect we will have more talks with Iran this week. They want to reach an agreement, but that’s not the agreement I want to make. That’s probably an agreement we would have agreed to a year ago. They misjudged the situation and are asking too much.”
1 hours ago
Analysis: U.S. Treasury yields have surged to near 20-year highs, yet U.S. stocks have remained resilient amid headwinds, with AI serving as a key pillar of support.
Despite the U.S. 10-year Treasury yield climbing to a nearly 20-year high, U.S. stocks have remained resilient, with the S&P 500 index seeing no notable impact. This divergence has prompted investors to re-examine the historical relationship between surging bond yields and stock market performance. Historical experience shows that rising yields do not necessarily trigger stock market declines. In 1994, the Federal Reserve’s rate hikes triggered a bond market sell-off, pushing the S&P 500 down roughly 8% at one point, before the index clawed back losses as the economy and corporate earnings held up. In 2016, markets viewed rising yields as a sign of economic recovery and policy normalization, leading U.S. stocks to rise in tandem with Treasury yields. By contrast, the Fed’s aggressive rate hikes in 2022 weighed on both bond and stock markets, resulting in a sharp drop for the S&P 500. In 2026, U.S. stocks are facing a similar scenario of rising yields paired with resilient economic growth. Large-scale investments in AI infrastructure by tech firms are supporting the economy and stock market, while a U.S.-Iran deal that could push oil prices lower may also ease inflationary pressures. However, bearish views argue that the Fed may need to keep raising rates until stocks and broader financial conditions are sufficiently tightened. Bank of America interest rate strategist Meghan Swiber noted that current strong performance in stocks and other risk assets has not yet sent the Fed a clear signal that demand is slowing.
1 hours ago
Viewpoint: After Bitcoin broke through $86,000, supply above this level is thin, leaving only a 23% upside potential to $125,000.
Bitfinex released a graphic analysis noting that if Bitcoin breaks through $86,000, market supply above that level will drop sharply, leaving only approximately 23% of upside to reach $125,000. Over 1 million BTC are currently concentrated in the $84,000–$86,000 range, forming a key short-term resistance level. Separately, Bitcoin spot ETFs have recorded a cumulative net inflow of around $2.98 billion over the past seven trading sessions, as the market gradually absorbs this supply pressure. If BTC closes above $87,400 and ETF inflows persist, it will indicate that buyers have successfully absorbed current selling pressure, and the overhead supply wall may subsequently weaken.
1 hours ago
Vitalik releases original novel *Snowmoon* under the GPL v3 open source license.
Ethereum co-founder Vitalik Buterin announced in a post today that his original speculative sci-fi novel *Snowmoon* (《雪月》) is complete, spanning 32 chapters. Set in a world deeply reliant on cryptography and decentralized governance, the story focuses on ideological clashes between societies including Veridia and the Arctic Empire, integrating elements such as zero-knowledge proofs, quadratic voting, privacy technologies, and content-oriented tax mechanisms, while touching on mechanism design and digital sovereignty—topics Buterin has long prioritized. The novel is released under the GPL v3 license. Buterin noted that adaptations into films, animations, and other derivative works are permitted, though he requires open-sourcing of related production pipelines, including non-generic materials like AI prompts and scripts. He clarified that all text was written by himself, with AI only assisting in spelling and grammar checks, setting consistency verification, and web formatting, adding the note: “Snowmoon was written with love.”
1 hours ago
A US official: Iran’s bet that the midterm elections would weaken Trump’s bargaining chips is a miscalculation.
According to Fox News, a Trump administration official stated that Iran is miscalculating if it believes rising prices and the midterm elections will weaken U.S. President Donald Trump’s leverage in negotiations to end the nearly seven-month conflict. Although no breakthrough was announced after the three-hour talks this week, the U.S. government remains confident that growing economic pressure will push Iran to reach an agreement. Tommy Pigott, the State Department’s chief deputy spokesperson, said President Trump holds all the cards.
According to GMGN market data, Robinhood ecosystem AI-themed token ORBIO has rebounded over 20% in the past six hours after a minor pullback, with its market cap breaking through $77 million. ORBIO is issued on the Pons platform, with its liquidity pool backed by Nvidia stock tokens. Public information shows the project is dedicated to building a low-cost AI credit trading market, offering discounted transactions for more than 400 AI model credits including Claude Fable and GPT Astra. BlockBeats reminds users that the relevant token has low trading volume and high price volatility, so users should exercise caution when investing.
Is this whale rotating from $HYPE into $ETH? 11 hours ago, whale 0x72e0 deposited 440,000 $HYPE ($36M) into #FalconX, then withdrew 12,250 $ETH ($30.12M) from #FalconX.
5 minutes ago
Bonk Guy earned over $2 million in profits in the past 24 hours, ranking first on the Fomo platform.
Renowned trader Bonk Guy ranks first on the Fomo platform’s 24-hour profit leaderboard, with earnings of roughly $2.08 million and current total assets of approximately $18.418 million. PONS is his largest holding: he currently holds 10.9 million PONS tokens valued at around $8.079 million, making up about 44% of his total portfolio and boasting a holding return rate of 11,830.93%. In addition, he holds 15.8 million USELESS tokens worth roughly $4.275 million with a return rate of 391.75%, plus 24.9 million MarsCoin tokens valued at approximately $2.913 million, with a return rate of 197.81%.
5 minutes ago
26-win trading streak broken by a single trade: Shorting ZEC incurs $7.66 million in unrealized loss, wiping out all over $9 million in prior profits and bringing the position to the brink of liquidation.
According to Lookonchain’s monitoring, a trader previously notched 26 consecutive winning trades, holding an 89% win rate across 47 total transactions and cumulative profits exceeding $9 million. However, his short position on ZEC has wiped out all those gains, leaving him on the verge of liquidation. The trader’s 12,285 ZEC short positions are worth roughly $18.31 million, with an unrealized loss of $7.66 million and a liquidation price of $1,550.66.
5 minutes ago
A crypto whale deposited $36 million worth of HYPE into FalconX, then withdrew $30.12 million worth of ETH.
According to Lookonchain’s monitoring, 11 hours ago, whale address 0x72e0 deposited 440,000 HYPE tokens worth approximately $36 million into FalconX, then withdrew 12,250 ETH worth around $30.12 million from FalconX.
5 minutes ago
Trader with 89% win rate loses $7.66M on $ZEC short, faces liquidation
This guy once won 26 trades in a row, had an 89% win rate across 47 trades, and made over $9M! But shorting $ZEC has wiped out all his profits, and he's now close to liquidation! His 12,285 $ZEC ($18.31M) short is now down $7.66M. Liquidation price: $1,550.66.
5 minutes ago
A whale has purchased 6,972 ETH over the past 9 hours, worth approximately $17.15 million.
On-chain analyst Ai Yi (@ai_9684xtpa) monitored that a crypto whale first sold UBTC to obtain USDC, then bought 6,972 ETH on-chain at an average price of $2,460.69, with a total value of approximately $17.15 million. All of the aforementioned ETH has now been deposited into Lido.
Price and Volume Jump on Launchpad RecognitionThinking Cat (HMM), the cat-themed meme token trading on Robinhood Chain, gained 26% in 24 hours after being recognised as a top project on the Pons Launchpad. Trading volume rose alongside the price, climbing 27.8% to more than $2 million over the same period. The token's market capitalisation stood at roughly $10.7 million at the time of writing, according to CoinGecko. Despite the rally, HMM remains 71.96% below its all-time high of $0.03823.
Thinking Cat is a cat-themed meme token that trades as an ERC-20 on Robinhood Chain, with its first pool opening in July 2026. It carries the ticker $HMM, a nod to the thinking-face reaction, and sits in the Animal and Pons Launchpad categories on GeckoTerminal. The most popular venue to buy and trade the token is Pons(.)family, where the most active pair is HMM/WETH.
Pons Launchpad and the Robinhood Chain Meme CycleRobinhood Chain meme tokens spent August 2026 pulling attention that had belonged to Solana launchpads, with Pons sitting at the centre of that activity as the venue where most of those tokens first found a market. Pons is suited to projects that want a fast, simple launch with a defined liquidity graduation target, and it adheres to the fixed-supply token model standard for most memecoin projects.
HMM features a fixed maximum supply of 1 billion tokens, paired with a low 1% buy and sell tax structure across decentralised exchanges. The project does not generate value through conventional utility such as cash flow, staking, or a proprietary technology platform. Its appeal is primarily based on its meme identity, community participation, and frictionless trading mechanism.
For investors considering HMM, the token's small market capitalisation, limited holder base, and dependence on social momentum are important risks to weigh. Thinking Cat is a highly speculative digital asset and can experience extreme price volatility or loss of capital.
Sources
Thinking Cat (HMM) Price and Market Data, CoinGecko
Thinking Cat (HMM): Why Ownerless Tokens Can Still Fail, Phemex
Pons Launchpad: Why It Could Become Robinhood Chain's Flagship Launchpad, Bitcoin Foundation
$EDEL Surges After Edel Joins DTC Digital Asset Working Group as Whales Accumulate Nearly 8M $EDEL
After @edeldotfinance joined the DTC Digital Asset Solutions Industry Working Group, $EDEL surged. Whales have also been accumulating $EDEL recently. ezhomi.base.eth bought 5.33M $EDEL ($98K) over the past 4 days. 0xE50b bought 2.56M $EDEL ($48K) over the past 2 days.
16 minutes ago
Three major AI giants have collectively called for a slowdown in AI development, but Trump directly rejected the call, stating: "Whoever wins AI will win"
Breaking news from Beating AI Insight: After Dario Amodei, Sam Altman, and Elon Musk successively called for slowing down frontier AI development, Donald Trump has explicitly rejected such appeals. He acknowledged that safety guardrails could be added to AI, but argued that many catastrophic predictions will never come to pass. Trump stated that the U.S. is currently ahead of China in AI and hopes to maintain that lead. "Whoever wins the AI race wins everything," he said. He also criticized that many "negative forces" are hyping things that will never happen.
16 minutes ago
Alleged Gen Z trader 0xRay518 has been steadily adding to short positions in PONS and SNDK recently, and trimmed his Bitcoin short position this morning to lock in profits.
According to monitoring by TradingBeats (formerly Hyperinsight), 0xRay518, a prominent post-2000s crypto trader, added short positions in PONS and SNDK over the weekend. As of press time, the address holds $13.46 million worth of 10x SNDK shorts and $3.62 million worth of 3x PONS shorts, making it the second-largest short position holder on Hyperliquid. Separately, 0xRay518 cut his Bitcoin short position by 49.12 BTC this morning, and still holds $81.52 million worth of 20x Bitcoin shorts. Public records show 0xRay518 launched his investment career at 14 in 2020, trading shipping stocks with $3,000 in New Year’s lucky money, peaking at roughly $300,000 in profits before nearly blowing his account due to high leverage. Between 2021 and 2022, he pivoted to NFTs and crypto airdrops, earning his first substantial fortune from the Arbitrum airdrop. In 2025, he abandoned his mid-year high school senior exam halfway, went all-in with $1 million on TRUMP coin on the side, and exited with a 3x to 4x profit.
16 minutes ago
Binance will support the USDT contract swap on the Optimism network.
Binance will suspend Optimism network USDT deposits and withdrawals at 02:00 UTC on September 17, 2026, to support the token swap. The swap has a 1:1 ratio: the new token will be named USDT0, while the old token will be renamed OPUSDTE. Spot, margin, futures trading, and Binance Earn services remain unaffected.
16 minutes ago
Doubao Mobile Assistant Officially Launches: GUI Operation App Remains, App Can Reject AI Operations
Beating AI News: Doubao Officially Launches Consumer Version of Its Mobile Assistant. It remains an AI assistant software that operates in collaboration with mobile manufacturers at the system level. The first mass-produced device, nubia NaviX Ultra, was previously announced and is set to launch and go on sale on September 16. The "phone operation" feature, which sparked the most controversy earlier, has not been scrapped and remains in Beta form. Doubao also launched the SAEP (Screen Automation Operation Declaration Protocol), allowing third-party apps to set their own rules on whether the AI can perform screen reading, tapping, and operations within their apps; if an app explicitly refuses, Doubao will not proceed with automated operations. In July, LatePost reported that the new generation of Doubao mobile assistant would no longer directly operate super apps like Alibaba and Tencent via GUI. Only when these apps proactively open MCP services can Doubao call their relevant data and functions. MCP refers to interfaces that apps proactively open for Doubao, while SAEP governs the scope of operations developers allow Doubao to perform when interacting with apps via screen reading and simulated taps. Both mechanisms are now in place simultaneously.
16 minutes ago
Bonk Guy’s shilling of the Arc Chain Launchpad platform has sparked criticism, with the platform facing accusations of holding rug pull privileges.
Well-known crypto KOL Bonk Guy posted early this morning that he has purchased LONG, the native token of Arc’s main Launchpad, as well as the platform’s top three meme coins, citing short-term trading opportunities on the Arc blockchain. Driven by the news, LONG’s market cap surged 27-fold in a short period. On-chain analytics show that multiple new addresses accumulated LONG at low levels yesterday, and the pump pushed their positions to unrealized gains of hundreds of thousands of US dollars. Additionally, crypto KOL 0xShawn, who previously arbitraged $230,000 by minting BNC4 at off-exchange prices via Four.meme, stated that the long.supply platform holds rug pull privileges and can mint fake USDT at any time. The platform built a cross-chain bridge for Robinhood-chain stock tokens via its own custom cross-chain infrastructure; the stock tokens on the Arc chain are not issued by the official, but by the platform itself. Moreover, the cross-chain bridge’s underlying protocol is not a reliable one like Wormhole or LayerZero (L0). This means: "The project team can shut down the cross-chain bridge at any time and siphon off the locked funds from the Robinhood chain. You are essentially exchanging your real USDT for fake USDT on the Arc chain, similar to the eUSD platform before its launch, which was eventually shut down after an emergency investigation by authorities." BlockBeats reminds users that celebrity shilling may involve conflicts of interest, and users should carefully vet the security of related projects and invest cautiously.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
$EDEL Surges After Edel Joins DTC Digital Asset Working Group as Whales Accumulate Nearly 8M $EDEL
After @edeldotfinance joined the DTC Digital Asset Solutions Industry Working Group, $EDEL surged. Whales have also been accumulating $EDEL recently. ezhomi.base.eth bought 5.33M $EDEL ($98K) over the past 4 days. 0xE50b bought 2.56M $EDEL ($48K) over the past 2 days.
15 minutes ago
Three major AI giants have collectively called for a slowdown in AI development, but Trump directly rejected the call, stating: "Whoever wins AI will win"
Breaking news from Beating AI Insight: After Dario Amodei, Sam Altman, and Elon Musk successively called for slowing down frontier AI development, Donald Trump has explicitly rejected such appeals. He acknowledged that safety guardrails could be added to AI, but argued that many catastrophic predictions will never come to pass. Trump stated that the U.S. is currently ahead of China in AI and hopes to maintain that lead. "Whoever wins the AI race wins everything," he said. He also criticized that many "negative forces" are hyping things that will never happen.
15 minutes ago
Alleged Gen Z trader 0xRay518 has been steadily adding to short positions in PONS and SNDK recently, and trimmed his Bitcoin short position this morning to lock in profits.
According to monitoring by TradingBeats (formerly Hyperinsight), 0xRay518, a prominent post-2000s crypto trader, added short positions in PONS and SNDK over the weekend. As of press time, the address holds $13.46 million worth of 10x SNDK shorts and $3.62 million worth of 3x PONS shorts, making it the second-largest short position holder on Hyperliquid. Separately, 0xRay518 cut his Bitcoin short position by 49.12 BTC this morning, and still holds $81.52 million worth of 20x Bitcoin shorts. Public records show 0xRay518 launched his investment career at 14 in 2020, trading shipping stocks with $3,000 in New Year’s lucky money, peaking at roughly $300,000 in profits before nearly blowing his account due to high leverage. Between 2021 and 2022, he pivoted to NFTs and crypto airdrops, earning his first substantial fortune from the Arbitrum airdrop. In 2025, he abandoned his mid-year high school senior exam halfway, went all-in with $1 million on TRUMP coin on the side, and exited with a 3x to 4x profit.
15 minutes ago
Binance will support the USDT contract swap on the Optimism network.
Binance will suspend Optimism network USDT deposits and withdrawals at 02:00 UTC on September 17, 2026, to support the token swap. The swap has a 1:1 ratio: the new token will be named USDT0, while the old token will be renamed OPUSDTE. Spot, margin, futures trading, and Binance Earn services remain unaffected.
15 minutes ago
Doubao Mobile Assistant Officially Launches: GUI Operation App Remains, App Can Reject AI Operations
Beating AI News: Doubao Officially Launches Consumer Version of Its Mobile Assistant. It remains an AI assistant software that operates in collaboration with mobile manufacturers at the system level. The first mass-produced device, nubia NaviX Ultra, was previously announced and is set to launch and go on sale on September 16. The "phone operation" feature, which sparked the most controversy earlier, has not been scrapped and remains in Beta form. Doubao also launched the SAEP (Screen Automation Operation Declaration Protocol), allowing third-party apps to set their own rules on whether the AI can perform screen reading, tapping, and operations within their apps; if an app explicitly refuses, Doubao will not proceed with automated operations. In July, LatePost reported that the new generation of Doubao mobile assistant would no longer directly operate super apps like Alibaba and Tencent via GUI. Only when these apps proactively open MCP services can Doubao call their relevant data and functions. MCP refers to interfaces that apps proactively open for Doubao, while SAEP governs the scope of operations developers allow Doubao to perform when interacting with apps via screen reading and simulated taps. Both mechanisms are now in place simultaneously.
15 minutes ago
Bonk Guy’s shilling of the Arc Chain Launchpad platform has sparked criticism, with the platform facing accusations of holding rug pull privileges.
Well-known crypto KOL Bonk Guy posted early this morning that he has purchased LONG, the native token of Arc’s main Launchpad, as well as the platform’s top three meme coins, citing short-term trading opportunities on the Arc blockchain. Driven by the news, LONG’s market cap surged 27-fold in a short period. On-chain analytics show that multiple new addresses accumulated LONG at low levels yesterday, and the pump pushed their positions to unrealized gains of hundreds of thousands of US dollars. Additionally, crypto KOL 0xShawn, who previously arbitraged $230,000 by minting BNC4 at off-exchange prices via Four.meme, stated that the long.supply platform holds rug pull privileges and can mint fake USDT at any time. The platform built a cross-chain bridge for Robinhood-chain stock tokens via its own custom cross-chain infrastructure; the stock tokens on the Arc chain are not issued by the official, but by the platform itself. Moreover, the cross-chain bridge’s underlying protocol is not a reliable one like Wormhole or LayerZero (L0). This means: "The project team can shut down the cross-chain bridge at any time and siphon off the locked funds from the Robinhood chain. You are essentially exchanging your real USDT for fake USDT on the Arc chain, similar to the eUSD platform before its launch, which was eventually shut down after an emergency investigation by authorities." BlockBeats reminds users that celebrity shilling may involve conflicts of interest, and users should carefully vet the security of related projects and invest cautiously.
@ponsdotfamily's $PONS token has posted one of the more eye-catching moves in crypto recently, surging more than 2,000% over the past 30 days as its underlying platform tightens its grip on Robinhood's new blockchain.
The Launchpad Behind the Move The platform's model is straightforward:
Pons moved quickly to fill the activity vacuum.
Dominant by Every Metric
The token's market cap has climbed to nearly $600 million on the back of that momentum, with community sentiment remaining bullish.
It is worth noting that a development that briefly rattled $PONS before the buyback mechanism helped stabilise sentiment.
Sources
Yahoo Finance: What Is Pons? The Robinhood Chain Meme Coin Factory Token Up 18,000% Since July
CoinDesk: Robinhood Rolls Out Public Blockchain
CoinGabbar: Pons Launchpad Leads Robinhood Chain
@Ponsdotfamily, the independent token launchpad built on Robinhood Chain, has overtaken @Pumpfun in weekly fee generation, recording $10.67 million against PumpFun's $9.76 million. It is a striking milestone for a protocol that has risen to prominence in a matter of weeks, and it raises a genuine question about where retail crypto liquidity is heading.
A Fast-Rising Contender on Robinhood Chain Pons is a token creation and trading application built exclusively for Robinhood Chain, the Arbitrum Orbit Layer-2 network that The model is straightforward:
The growth has been rapid. At its peak,
The surge has also lifted Robinhood Chain itself.
What the Fee Race Says About Retail Behaviour PumpFun remains a formidable benchmark.
Hyperliquid and GMGN continue to lead the broader cohort, with $12.1 million and $16.22 million in weekly fees respectively. Yet the fact that a months-old launchpad on a nascent chain is competing at this level points to something meaningful: retail liquidity is moving quickly toward platforms that offer the smoothest user experience and fastest execution, regardless of how established a competitor may be.
For Pons, the immediate test is sustainability. Brand loyalty, it seems, is increasingly secondary to speed and simplicity.
Sources:
CoinDesk: A memecoin making app is driving millions in fees on Robinhood's new blockchain
Crypto.news: Pump.fun fees top $10M as revenue overtakes Hyperliquid
The Crypto Times: Pons claims top onchain launchpad fees as Robinhood Chain frenzy drives rally
Key Highlights PONS price jumped more than 16% within a 24-hour period, accompanied by trading volumes that topped $155 million Robinhood Chain recorded $25 million in fees over a seven-day span, primarily fueled by Pons’ dominant launchpad position The platform now controls 82.5% of the launchpad market on Robinhood Chain, marking an unprecedented milestone More than 28% of total PONS tokens have been permanently removed from circulation, with 80% of platform fees allocated to buyback operations Major exchange additions including Bitget, KuCoin, and OKX throughout late August have significantly broadened market access The Pons (PONS) token has experienced a remarkable 16% price increase over the last 24 hours, accompanied by impressive trading activity exceeding $155 million. The cryptocurrency has posted approximately 109% gains across the past week, propelled by a strategic combination of major exchange integrations, robust fee generation, and an aggressive token burn mechanism.
Pons Price As the dominant launchpad platform operating on Robinhood Chain, Pons has secured an impressive 82.5% share of all launchpad transactions across the network — representing a historic peak for the protocol. The platform witnessed a record-breaking 36,400 new token launches in a single day, generating an extraordinary $622 million in trading volume.
Over a seven-day period, Robinhood Chain accumulated roughly $25 million in fee revenue, with single-day peaks reaching approximately $6 million — representing a staggering 17-fold increase compared to the previous week. Pons emerged as the principal catalyst behind this growth, momentarily eclipsing established platforms like Pump.fun and Hyperliquid in daily fee production on September 3.
Strategic Buyback Program Reduces Token Supply The protocol allocates 80% of generated revenue toward its buyback mechanism, with the dedicated wallet currently holding a record balance of $3.40 million. Another $1.66 million sits in unclaimed escrow funds. These accumulated resources are systematically deployed to acquire PONS tokens from the market before permanently burning them.
To date, over 28% of the entire PONS token supply has been destroyed through this deflationary mechanism. Notably, the buyback wallet is accumulating funds at a faster rate than the burn implementation requires.
Platform revenue continues to exceed $1.30 million daily, maintaining strength despite a general cooling of enthusiasm surrounding Robinhood Chain activities.
Market analyst Crypto Patel shared analysis on X indicating that PONS has appreciated approximately 34,410,285% from its initial launch price, while identifying a possible short-term bearish setup. His technical assessment noted a roughly 30% retracement from peak levels and highlighted critical price zones: a bearish scenario confirmation beneath $0.6258, targeting potential drops to $0.3786 and the $0.155–$0.10 range. The analysis placed invalidation criteria at a 4-hour candle close exceeding $0.9725.
Major Exchange Integration Expands Market Reach Bitget introduced PONS/USDT spot trading pairs on September 7, offering zero-fee conversions during the initial trading window. Both KuCoin and OKX implemented PONS trading capabilities between late August and early September. These platform additions have consistently broadened the token’s accessibility to retail and institutional participants.
Current Technical Analysis PONS is presently testing resistance within a bull flag formation while maintaining support above the $0.70 threshold. The Choppiness Index has climbed to 53, indicating a period of market consolidation. A successful breach above $0.85 would position PONS toward achieving a $1 billion fully diluted valuation. The token currently trades approximately 22% below its previous all-time high of $0.98.
According to the most recent data, PONS’ buyback treasury reached an unprecedented $3.40 million, coinciding with the platform achieving 82.5% dominance among Robinhood Chain launchpad competitors.
$EDEL Surges After Edel Joins DTC Digital Asset Working Group as Whales Accumulate Nearly 8M $EDEL
After @edeldotfinance joined the DTC Digital Asset Solutions Industry Working Group, $EDEL surged. Whales have also been accumulating $EDEL recently. ezhomi.base.eth bought 5.33M $EDEL ($98K) over the past 4 days. 0xE50b bought 2.56M $EDEL ($48K) over the past 2 days.
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Three major AI giants have collectively called for a slowdown in AI development, but Trump directly rejected the call, stating: "Whoever wins AI will win"
Breaking news from Beating AI Insight: After Dario Amodei, Sam Altman, and Elon Musk successively called for slowing down frontier AI development, Donald Trump has explicitly rejected such appeals. He acknowledged that safety guardrails could be added to AI, but argued that many catastrophic predictions will never come to pass. Trump stated that the U.S. is currently ahead of China in AI and hopes to maintain that lead. "Whoever wins the AI race wins everything," he said. He also criticized that many "negative forces" are hyping things that will never happen.
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Alleged Gen Z trader 0xRay518 has been steadily adding to short positions in PONS and SNDK recently, and trimmed his Bitcoin short position this morning to lock in profits.
According to monitoring by TradingBeats (formerly Hyperinsight), 0xRay518, a prominent post-2000s crypto trader, added short positions in PONS and SNDK over the weekend. As of press time, the address holds $13.46 million worth of 10x SNDK shorts and $3.62 million worth of 3x PONS shorts, making it the second-largest short position holder on Hyperliquid. Separately, 0xRay518 cut his Bitcoin short position by 49.12 BTC this morning, and still holds $81.52 million worth of 20x Bitcoin shorts. Public records show 0xRay518 launched his investment career at 14 in 2020, trading shipping stocks with $3,000 in New Year’s lucky money, peaking at roughly $300,000 in profits before nearly blowing his account due to high leverage. Between 2021 and 2022, he pivoted to NFTs and crypto airdrops, earning his first substantial fortune from the Arbitrum airdrop. In 2025, he abandoned his mid-year high school senior exam halfway, went all-in with $1 million on TRUMP coin on the side, and exited with a 3x to 4x profit.
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Binance will support the USDT contract swap on the Optimism network.
Binance will suspend Optimism network USDT deposits and withdrawals at 02:00 UTC on September 17, 2026, to support the token swap. The swap has a 1:1 ratio: the new token will be named USDT0, while the old token will be renamed OPUSDTE. Spot, margin, futures trading, and Binance Earn services remain unaffected.
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Doubao Mobile Assistant Officially Launches: GUI Operation App Remains, App Can Reject AI Operations
Beating AI News: Doubao Officially Launches Consumer Version of Its Mobile Assistant. It remains an AI assistant software that operates in collaboration with mobile manufacturers at the system level. The first mass-produced device, nubia NaviX Ultra, was previously announced and is set to launch and go on sale on September 16. The "phone operation" feature, which sparked the most controversy earlier, has not been scrapped and remains in Beta form. Doubao also launched the SAEP (Screen Automation Operation Declaration Protocol), allowing third-party apps to set their own rules on whether the AI can perform screen reading, tapping, and operations within their apps; if an app explicitly refuses, Doubao will not proceed with automated operations. In July, LatePost reported that the new generation of Doubao mobile assistant would no longer directly operate super apps like Alibaba and Tencent via GUI. Only when these apps proactively open MCP services can Doubao call their relevant data and functions. MCP refers to interfaces that apps proactively open for Doubao, while SAEP governs the scope of operations developers allow Doubao to perform when interacting with apps via screen reading and simulated taps. Both mechanisms are now in place simultaneously.
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Bonk Guy’s shilling of the Arc Chain Launchpad platform has sparked criticism, with the platform facing accusations of holding rug pull privileges.
Well-known crypto KOL Bonk Guy posted early this morning that he has purchased LONG, the native token of Arc’s main Launchpad, as well as the platform’s top three meme coins, citing short-term trading opportunities on the Arc blockchain. Driven by the news, LONG’s market cap surged 27-fold in a short period. On-chain analytics show that multiple new addresses accumulated LONG at low levels yesterday, and the pump pushed their positions to unrealized gains of hundreds of thousands of US dollars. Additionally, crypto KOL 0xShawn, who previously arbitraged $230,000 by minting BNC4 at off-exchange prices via Four.meme, stated that the long.supply platform holds rug pull privileges and can mint fake USDT at any time. The platform built a cross-chain bridge for Robinhood-chain stock tokens via its own custom cross-chain infrastructure; the stock tokens on the Arc chain are not issued by the official, but by the platform itself. Moreover, the cross-chain bridge’s underlying protocol is not a reliable one like Wormhole or LayerZero (L0). This means: "The project team can shut down the cross-chain bridge at any time and siphon off the locked funds from the Robinhood chain. You are essentially exchanging your real USDT for fake USDT on the Arc chain, similar to the eUSD platform before its launch, which was eventually shut down after an emergency investigation by authorities." BlockBeats reminds users that celebrity shilling may involve conflicts of interest, and users should carefully vet the security of related projects and invest cautiously.
