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.
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Whale Tracking: Two SKHX long traders that entered the market yesterday began taking profits, totaling $1.2 million in gains.
According to TradingBeats monitoring, as of press time, the two whales that together bought $17.808 million worth of SKHX yesterday have all turned a profit. The address starting with 0xc8b5 fully took profits after adding to its position, while the address starting with 0x519c continued adding to its position this morning. The 0xc8b5 address bought SKHX at an average price of $1,310.92 at 12:00 yesterday, completing an initial position build of around $13.096 million. It then added to its holdings, and by last night had accumulated 12,858.87 SKHX tokens, bringing its total position to roughly $16.9 million with an average entry price of $1,314.26. At 8:18 this morning, the address began taking profits in batches, and fully closed out its position at 10:12, selling at an average price of $1,377.96. From initial entry to full exit, the trade took approximately 22 hours, generating a profit of around $819,100. The other whale address, 0x519c, bought SKHX at $1,292.70 yesterday for around $4.712 million. At 7:00 this morning, it added to its position at $1,323.73, investing an additional $1.109 million. Currently, 0x519c still holds 4,483.04 long SKHX contracts, with an average entry price of $1,298.50, position value of around $6.203 million, and unrealized profit of roughly $382,000 (+38%). Prior update: Two new large orders for SKHX today, with whales totaling $17.8 million in long positions. Addresses: 0xc8b527864ef2ad6dc49de7e99943a3a76ad488910x519c721de735f7c9e6146d167852e60d60496a47
4 minutes ago
Well-known trader: Bitcoin could break through $126,000 and set a new all-time high in November 2027
Well-known trader Killa noted in a post that the time Bitcoin takes to reach new all-time highs (ATHs) in each cycle is shortening. If simply referencing the previous cycle that began in 2022, BTC would hit its ATH no later than February 2028. However, Killa argues this cycle is progressing faster: Bitcoin’s bottoming period is roughly 3 to 4 months earlier than the prior cycle, so the timing of a new ATH may also shift forward accordingly. Based on the observation that cycles are continuing to shorten, he projects BTC will set a new ATH by the end of Q4 2027, and climb above $126,000 in November 2027.
4 minutes ago
Meme Coin CME on Robinhood Chain Surges Past $8 Million in Market Cap
According to GMGN market data, the meme coin CME on Robinhood Chain briefly exceeded $8 million in market capitalization within two hours of its launch, and is now trading at $6.24 million with a trading volume of $5.9 million. The token is positioned as a meme coin related to the commodity market exchange platform on Robinhood Chain, with its core narrative focused on bringing real-world commodities such as corn, oil, and gold onto the blockchain for trading. BlockBeats reminds users that prices of such tokens are highly volatile, and they should exercise caution when investing.
4 minutes ago
Anthropic abandons $6 billion acquisition of AI startup Decart
Beating AI News Flash: According to Bloomberg, sources familiar with the matter have disclosed that Anthropic has decided not to proceed with its acquisition of AI startup Decart AI. Anthropic had previously evaluated the deal and conducted due diligence on Decart, but ultimately withdrew. The two parties may still explore other collaboration opportunities in the future. Representatives from both Anthropic and Decart declined to comment. Bloomberg earlier reported that Anthropic, the developer of Claude, had been in talks to acquire Decart for roughly $60 billion, though the transaction was never finalized. Decart primarily develops software that boosts chip efficiency to lower the training and operational costs of AI models. Anthropic rarely pursues large-scale acquisitions; it is currently investing continuously in computing power to develop new products, serve clients, and prepare for its highly anticipated IPO.
Uniswap founder Hayden Adams published a statement noting that UNI’s 7-day annualized burn amount has exceeded $250 million. Data shows that, calculated based on daily closing prices, the annualized amount corresponding to UNI’s 7-day burn rate is currently around $263 million. The figure is an annualized projection derived from the past seven days’ burn volume, not the actual value of UNI that has been burned.
4 minutes ago
Astra is burning through quota excessively fast, leading OpenAI to reset quotas for all paid users once again.
Beating AI Express Flash: OpenAI has uniformly reset usage quotas for all paid subscribers. Core product lead Tibo Sottiaux stated the move aims to allow users who have exhausted their quotas to continue running GPT-6 Astra. Since Astra’s launch, the community has been complaining about overly fast quota consumption. Some Plus users claimed Astra uses up their entire weekly quota in roughly half an hour, while others reported hitting a 5-hour limit on a single task. Sottiaux had just the prior day reduced quota consumption for heavy-use scenarios to approximately 1/3 to 1/4 of its original level, and has now rolled out a global quota reset.
Raydium expanded LaunchLab to support launches against any token pair, replacing the need to use only a predetermined quote asset. The Solana decentralized exchange said in a Sept. 6 product announcement that LaunchOnSF is the first integration partner to put the flexible-pairing model into use.
The change alters how creators can structure a launch from its bonding phase through the creation of an automated-market-maker pool. Raydium framed the release as a way to deepen liquidity, reduce fees and give token communities more control over the asset used on the other side of a market.
What flexible pairing changes A token pair defines the two assets exchanged in a market. Launch infrastructure often fixes one side of that pair to a common asset, simplifying routing but limiting how a project can organize liquidity. LaunchLab’s update lets a creator select another supported token instead.
That flexibility can keep a launch inside an existing community economy. A project could pair a new asset with a token its users already hold, then carry that relationship into the liquidity pool created after the launch phase. The announcement does not mean every conceivable asset is automatically supported; interfaces and integrations still determine which options are available.
LaunchOnSF becomes the first integration Raydium identified LaunchOnSF as the first partner to bring the model live. The integration gives the feature a production use case rather than leaving it as a design proposal. However, Raydium’s short announcement did not publish volume, liquidity or fee results, so claims about improved market quality will need to be tested against actual trading.
The rollout also lands in a competitive Solana launchpad market. Pump.fun previously moved graduated tokens into its own PumpSwap decentralized exchange, changing a pipeline that had sent substantial launch activity toward Raydium. Flexible pairs give LaunchLab and its partner interfaces another way to differentiate their market design.
Liquidity design becomes more important More choice does not remove the risks attached to thin pools, volatile quote assets or concentrated ownership. A less established quote token may expose traders to price movement on both sides of a pair, while shallow liquidity can increase slippage. Projects therefore need to explain why a selected pairing is useful and how initial liquidity is distributed.
For Raydium, the practical test will be whether partner launches attract durable liquidity after their initial bonding activity. LaunchOnSF’s deployment will provide the first evidence of how creators and traders use the broader pairing options.
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A fight over Robinhood Chain’s fee design has moved past a two-person argument and now includes voices from Solana, Arbitrum, and BNB Chain. The issue is no longer only how much a single transfer costs. It is who should earn money from network activity, and how a chain pays for the next several years of development.
Solana co-founder Anatoly Yakovenko opened the exchange after Robinhood Chain fees jumped during a busy stretch.
He said the 10 percent of net protocol revenue that Robinhood already sends to Arbitrum would have paid for the same traffic on Solana several times over.
On that basis, he argued, Robinhood could have subsidized users and offered a gas-free product instead of collecting congestion-driven fees on its own layer-2.
Offchain Labs co-founder Steven Goldfeder rejected that framing.
On an Arbitrum Orbit chain, Robinhood keeps most of the net sequencer proceeds after settlement costs.
On Solana, base-layer fees go to the network, so Robinhood would keep none of them.
Zooming out on the debate of "what's best for Robinhood", I really want to point out further lowering gas fee is no longer the highest priority of the blockchain industry.
The real priority of all blockchains today is finding sustainable business model that feeds back into its… https://t.co/ic6Ixr5bPs
— Nina Rong (@nina_rong) September 6, 2026
Any waiver would then come from the company’s own cash.
Goldfeder’s line was that Robinhood picked Arbitrum so it could run the venue rather than rent space on someone else’s.
BNB Chain growth lead Nina Rong then widened the lens.
She said cutting gas further is no longer the industry’s main job.
Foundations spent years handing out grants and pushing fees down.
To last another cycle, she argued, chains need commercial structures that send money back into engineering and growth—whether that is gas, a revenue-share license, or some other contract.
The question, in her telling, is not which network is cheapest today.
Robinhood Chain went live on July 1 as an Ethereum layer-2 using Arbitrum’s stack.
Under the Expansion Program, 10 percent of net protocol revenue goes to the Arbitrum ecosystem (most to the DAO treasury, a smaller slice to developer funding).
Robinhood keeps the rest.
That is the “landlord” model Goldfeder described: the company operates its own environment and treats the stack as a licensed product.
Much of the recent fee volume has come from trading apps and token launches rather than only from tokenized stocks.
Layer-2 design lets the operator set prices and commercial terms while still settling to Ethereum.
Rong’s point is that the next test is whether that activity funds technology instead of another round of fee races.
The three views now sit side by side.
Solana’s case is that applications should live on cheap public rails and monetize in the product. Arbitrum’s case is that a large firm should own the chain and keep most of the economics. BNB Chain’s case is that the whole sector has to stop treating ever-lower gas as the finish line.
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.
Circle just printed $3 billion worth of USDC on the Solana blockchain in a single 24-hour window.
The mint is one of the largest single-day USDC issuances on Solana to date, but it’s far from an isolated event. It fits neatly into a pattern that’s been building throughout 2026, one that tells a clear story about where institutional capital wants to park its stablecoin liquidity.
Solana’s stablecoin surge by the numbers This $3 billion mint didn’t materialize out of thin air. Circle has been systematically ramping up USDC issuance on Solana all year, often in $250 million tranches that on-chain tracking services like Whale Alert and Lookonchain have documented in real time.
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In August 2026 alone, approximately $11 billion in gross USDC mints occurred on Solana. By late August, the total USDC circulating supply on Solana crossed the $8 billion mark, representing more than 10% of the global USDC supply for the first time.
Circle minted $500 million on June 8 across two $250 million tranches. Mid-June saw a $1 billion single-day mint. On June 29, a $910 million issuance on Solana was paired with a $250 million burn on Ethereum. By mid-July, gross issuance on Solana had reached somewhere between $64 billion and $68 billion. Early September brought another $1.25 billion minted over just three days.
The institutional pipeline BNY Mellon expanded its collaboration with Circle in June 2026 to facilitate institutional minting and custody of USDC directly on Solana. The partnership lowers friction for large institutions that want exposure to Solana’s DeFi ecosystem without navigating the technical complexity of bridging from Ethereum.
It’s worth noting that gross issuance figures don’t equal net supply growth. Redemptions and burns happen constantly, which is why the circulating supply on Solana sits at $8 billion-plus rather than the tens of billions suggested by cumulative mint totals.
What the Ethereum-to-Solana shift means The June 29 event, where Circle minted $910 million on Solana while simultaneously burning $250 million on Ethereum, is perhaps the most telling data point of the year. Ethereum still holds the lion’s share of USDC supply, but Solana is gaining ground. Solana offers lower transaction fees and faster finality, which matters enormously when you’re settling hundreds of millions of dollars in stablecoin transactions daily.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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.
After an aggressive breakout that took Solana from about $76 to a local high of about $110 in less than two weeks, Solana is currently going through its first significant correction. With the asset currently trading close to $99.43, the psychologically significant $100 level is under immediate pressure.
Solana's strength is underestimatedSolana's overall technical structure is still much stronger than it was prior to the breakout, notwithstanding the correction. SOL successfully recovered the 200-day EMA, which is currently at $90.47. It is still significantly higher than the 50-day and 100-day averages, which are at roughly $83.47 and $82.17, respectively.
SOL/USDT Chart by TradingView HOT Stories
Additionally, the 20-day EMA has accelerated to $92.09. Because of this, the most crucial structural support in the event that $100 fails is the $90–$92 region. Instead of total invalidation, a correction in this area would still be considered a retest of the breakout. But momentum has drastically decreased.
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After hitting extremely overbought territory during the rally, the RSI has dropped to roughly 62. If buyers stabilize the price, that normalization is beneficial, but further selling below $98 may pave the way for $95 and ultimately $92. On the plus side, before another attempt at the $110 local high becomes feasible, SOL needs to recover $102–$104.
A breakout above $110 might reopen the route toward $115–$120 and leave comparatively little immediate resistance. SOL is still technically bullish for the time being, but whether the market sees a shallow consolidation or a much deeper retest depends on the struggle for $100.
Hyperliquid is consolidatingFollowing one of its biggest rallies of the year, Hyperliquid is still consolidating near its recent highs. HYPE is currently trading at $81.57, which is between five and six percent below its most recent peak of $86 to $87. HYPE has not given up much ground, which is a significant distinction from many post-rally corrections.
Rather, the price has settled into a narrow range between $80 and $85, indicating that sellers have not yet been able to generate a significant reversal. Additionally, all of the chart's major moving averages are still significantly below HYPE.
HYPE/USDT Chart by TradingViewThe 50-day and 100-day averages are at roughly $63.98 and $62.83, respectively, while the 20-day EMA has risen to about $73.38. The 200-day EMA is still at $55.24, which is significantly lower. Strong momentum is confirmed by that separation, but if the current consolidation breaks, there is room for declines.
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The immediate support is $80. If that level is lost, HYPE may move toward $77–$78, then the quickly increasing 20-day EMA at $73. On the other hand, holding onto $80 preserves the current bullish structure.
Without generating a bearish momentum reading, the RSI has cooled to about 64 from overbought territory, reducing some of the excess created by the breakout. The $86–$87 peak would come back into focus with a recovery above $84–$85. After overcoming that obstacle, $90 would be the next psychological target; if momentum increases once more, $100 could still be reached.
Zcash is stronger than others Despite starting to cool off following its most recent vertical expansion, Zcash is still in a very strong technical position. After a rally that raised the asset as high as roughly $880–$890, ZEC is currently trading at $811.
ZEC/USDT Chart by TradingViewThe breakout's magnitude is noteworthy. ZEC consolidated between $450 and $520 for the majority of August before quickly clearing $600 and then accelerating through $700 and $800. The breakout involved significantly more participation than the previous consolidation, as evidenced by the move's significant increase in volume.
On the other hand, the short-term outlook now indicates consolidation. ZEC has produced multiple large upper wicks as it has repeatedly failed to establish itself above the $850–$880 resistance zone. There are still buyers in the $780–$800 range, but neither side has taken firm control.
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Additionally, momentum is normalizing. In contrast to the highly overbought readings during the initial breakout, the RSI has dropped toward 66.7. Without harming the larger bullish structure, this cooling can assist ZEC in building a stronger base. The first significant support is located between $775 and $780.
Below it, $750 becomes significant, and the quickly rising 20-day EMA around $703 comes next. Even if there was a significant correction toward $700, ZEC would still be well above its longer-term moving averages.
Bulls must eventually break the recent $880–$890 peak and recover $850 to continue. By doing this, the psychological $900 level would be activated right away, followed by $1,000. ZEC is still bullish for the time being, but consolidation around $800 is becoming more crucial following such a sharp rise.
Filecoin shines unexpectedly After months of being in a persistent downtrend, Filecoin is attempting to establish its first convincing short-term reversal. After a strong recovery from roughly $0.65, FIL is currently trading close to $0.77.
More significantly, the most recent move has pushed the price back above the 50-day and 20-day moving averages, with a current position between $0.716 and $0.717. The 100-day EMA in the vicinity of $0.774 is the immediate challenge.
FIL/USDT Chart by TradingViewThe $0.77–$0.80 region is the crucial technical barrier since FIL is currently actively testing this level. Buyers need an actual daily close above this area rather than another brief spike, because previous attempts to move above $0.80 during August were swiftly rejected. The recovery thesis has some backing from volume.
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Recent upside sessions have seen a sharp increase in trading activity, indicating that the move is drawing participation rather than growing only from thin liquidity. Concurrently, the RSI has increased to about 58, providing FIL with positive momentum without putting it in overbought territory.
The path toward $0.85 could be opened by a confirmed breakout above $0.80, with the next significant structural obstacle being the much larger 200-day EMA around $0.93. If FIL fails at $0.77–$0.80, it would be open to another move toward $0.72.
The recovery would be significantly weakened if the moving-average cluster there were to give way, and $0.65–$0.67 would once again come into focus. Unlike ZEC, FIL has not yet confirmed a wider trend reversal, but it is exhibiting a respectable improvement.
A Solana-based cat-themed memecoin, Anonymous Cat (ZCAT), has distributed over $2.8 million worth of Zcash (ZEC) to its holders, thanks to a unique mechanism that rewards participants with ZEC generated from transaction fees. Both ZCAT and ZEC have recently experienced significant price appreciation, further boosting the value of these rewards.
ZCAT’s unique reward systemZCAT operates by charging a 3% fee on every sale of the token. These fees are pooled and then paid out as ZEC to holders who possess at least $20 worth of ZCAT in their wallets. This model stands out among memecoins for its integration of an external asset—Zcash—as the direct reward.
As of early Monday in Asia, approximately 2,320 ZEC (about $2.8 million at current prices) had been distributed to eligible participants. ZCAT relies on ongoing buy, sell, and transfer activity to generate rewards, making future ZEC distributions dependent on token holder engagement and overall trading volume.
Roughly 2,320 ZEC have been distributed so far, equating to $2.8 million at current prices, as recent gains in ZEC’s price have increased the value of payouts to ZCAT holders.
Unlike income-earning investments, ZCAT holders earn ZEC exclusively from transaction-based rewards. If trading activity diminishes, the value and amount of distributions can decline correspondingly.
Mini dictionary: Zcash (ZEC), a privacy-focused cryptocurrency, enables users to send transactions shielded from public view using zero-knowledge proofs called zk-SNARKs. It is widely recognized for its confidentiality features and is listed on numerous major exchanges worldwide.
Market performance and trading activityAt the time of publication, ZCAT traded at $0.132 with a market capitalization of $124 million and daily volume reaching $22 million. Over the weekend, the token attempted to breach the $0.19 resistance point but failed to sustain gains, pushing the price lower during the latest Monday trading session.
ZCAT is available for trading against ZEC on StonkFun, a Solana launchpad that allows new crypto projects to pair with assets other than SOL or major stablecoins. StonkFun is designed to foster innovation and expand trading options for Solana-based tokens.
Mini dictionary: StonkFun is a Solana-based launchpad that specializes in listing new cryptocurrency projects and enables token pairings with a variety of assets. It aims to provide innovative trading pairs outside typical baselines like SOL or stablecoins.
TokenCurrent PriceMarket CapDaily VolumeZCAT$0.132$124 million$22 millionZEC (rewards pool)Approx. $1,200——Rise of cat-themed memecoinsThe success of Anonymous Cat highlights the broader surge of cat-themed coins within the cryptocurrency sector. These memecoins frequently depend on active online communities and speculative trading as their engines of growth, rather than established business models.
Other notable projects in the trend include Cash Cat, developed alongside the introduction of Robinhood Chain in July. On this network, traders rapidly minted over 22,000 coins within a single day. Reports suggest that one user converted $800 into more than $1 million in just a week, underscoring the speculative interest in new blockchain ecosystems.
Grayscale, a leading digital asset management firm, also offers an exchange-traded fund (ETF) tracking the price of spot ZEC, available on NYSE Arca, providing traditional investors with exposure to Zcash’s market movements.
Analysts emphasize that future ZEC rewards for ZCAT holders will remain closely linked to the level of token trading activity. If demand and trading volume subside, the reward system could deliver lower payouts going forward.
The future size of Zcash rewards for holders of ZCAT will depend on whether active trading continues; reduced activity may lead to decreased payouts.
Solana price fell 1.4% on Sept. 7 after another rejection near $107, while weakening capital flows and nearby liquidation clusters increased the risk of further volatility.
Summary
Solana price fell from $106.46 to $104.97 after sellers defended the $107 resistance zone. SOL remains above its 20-, 50-, 100-, and 200-period averages on the 4-hour chart. Chaikin Money Flow dropped to -0.15, pointing to increased selling pressure. Liquidation liquidity is concentrated near $108, with another notable cluster around $103. Solana price retreats after $107 rejection According to data from crypto.news, Solana (SOL) price traded lower on Sept. 7 as buyers failed to push the token through a resistance cluster between $106.80 and $107.50.
SOL opened the daily session at $106.46 and rose to an intraday high of $106.80 before reversing. The token subsequently fell as low as $104.22 and closed at $104.97, representing a 1.4% daily decline.
The move kept Solana near the psychological $105 level, which now separates a renewed test of recent highs from a deeper pullback toward its short-term moving averages.
Price action on the 4-hour chart shows that SOL has entered a period of consolidation after a strong rally from around $75 in mid-August. The token reached approximately $110 on Aug. 28 before losing momentum and falling toward $98 at the start of September.
Buyers defended that correction and drove SOL back above $106, but repeated failures around $107 suggest that sellers remain active below the August peak.
Trading activity also appeared to weaken during the latest advance. Reduced participation makes it more difficult for buyers to absorb sell orders and can produce sharper moves around leveraged positions.
SOL remains above key moving averages Despite the daily decline, Solana continues to trade above all four moving averages shown on the 4-hour chart.
Solana price 4-hour chart — Sep. 7 | Source: crypto.news The 20-period simple moving average stands at $103.93, while the 50-period average sits slightly lower at $102.98. Those levels form the first important support area between $103 and $104.
SOL’s 100-period moving average is positioned at $101.26. A decisive 4-hour close below that level would weaken the current recovery structure and expose the psychological $100 mark.
The broader trend remains strong while Solana holds above its 200-period moving average at $89.21. A wide gap between the market price and that longer-term average reflects the scale of the rally that began in August, although it also leaves room for a larger correction if short-term support fails.
Solana price daily chart — Sep. 7 | Source: crypto.news Moving-average alignment remains bullish because the shorter averages are positioned above the longer ones. However, Chaikin Money Flow has fallen to -0.15, showing that selling pressure has exceeded buying pressure over the indicator’s measurement period.
Negative CMF readings do not confirm an immediate breakdown, but the divergence between price and capital flows suggests that the latest rebound lacks strong spot-market support.
Liquidation map puts $108 and $103 in focus CoinGlass’ 24-hour liquidation heatmap shows the largest nearby concentration of leveraged positions around $108.
Solana liquidation heatmap | Source: CoinGlass The bright liquidity band at that level could attract price if SOL recovers above $106 and breaks through the $107 resistance area. Such a move could force short sellers to close positions, potentially accelerating an advance toward $109 and the recent peak near $110.
Additional overhead liquidity appears around $108.80, $109.50, and $110. A sustained breakout above $110 would establish a higher high and support an extension of the August rally.
Downside liquidity is more dispersed. The closest notable clusters appear between $103 and $104, followed by another concentration around $102.50. A break below $104 could therefore trigger long liquidations and pull SOL toward the $102.98–$103.93 moving-average zone.
The $101.26 average would become the next technical defense if that area fails. Below it, $100 represents both a psychological level and the approximate base of Solana’s latest rebound.
Daily signals show momentum is cooling The daily chart presents a mixed outlook. Solana remains above its Supertrend support at $90.68, leaving the wider recovery structure intact despite the rejection from $109.
Aroon readings, however, show that near-term momentum has weakened. The Aroon Up indicator stands at 0%, while Aroon Down is at 21.43%. Neither reading signals a strong trend, but the lack of a recent high explains why buyers have struggled to extend the rally.
The chart places the next major Supertrend resistance near $110.68. SOL would need to close above that level to strengthen the bullish case and open a possible move into the $115 region.
A daily close below $100 would shift attention toward $95 and the Supertrend support near $90.68. That level also marks the point below which the broader bullish structure would face a more serious test.
Analysts see another Solana move developing Analyst Wayne Liang said Solana could begin another upward leg after the token’s roughly 45% rally from an earlier buy signal near $75 to a sell signal around $109.
We could see the next leg up for $SOL pretty soon.
Our initial buy signal (blue diamond) came in at ~$75.
After a 45% rally, the first sell signal (pink diamond) came in at ~$109.
It feels like we're about to see another BD soon… and I'll make sure you don't miss it. 🫡 pic.twitter.com/rEu2vNytVZ
— Wayne Liang (@wliang) September 6, 2026 Liang said his indicator may be approaching another buy signal, although the chart had not confirmed one at the time of the post. The analyst’s view supports a possible continuation scenario but depends on SOL maintaining its rising trend structure.
Team LAMBO Charts separately described the $70–$95 range as an accumulation zone preceding an expansion phase. However, the post said SOL was already above $140, a figure that conflicts with both the attached chart and the observed market price near $105. The broader accumulation-to-expansion interpretation may still apply, but the stated price cannot be treated as current.
For US traders, expectations around Federal Reserve policy remain an external risk for SOL and other high-beta crypto assets. Higher-for-longer interest rates generally reduce demand for speculative assets, while any shift toward easier financial conditions could improve the backdrop for an upside breakout.
In the short term, $103–$104 is the main support zone, while $107–$108 remains the first barrier. Whichever side breaks first could determine whether SOL retests $110 or returns toward $100.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
It appears that liquidity is becoming a theme for Solana’s Q4 cycle.
Despite closing out August with a 41% rally, one of the best performers among high-cap assets, Solana’s fundamentals have started September on a bearish note.
The biggest concern has been Robinhood Chain flipping Solana in daily DEX volume, adding further pressure on Solana’s liquidity narrative.
However, there may be one vital change ahead. As the post below highlights, memecoin liquidity appears to be flowing from Robinhood Chain to Solana.
From a technical standpoint, Solana’s ZCAT has surged 500% in 24 hours to a $140 million market cap, making it the second-largest cat-themed memecoin behind Robinhood’s CASHCAT.
Source: X Notably, the timing could not be better.
The experts are already talking about a potential memecoin supercycle, with Dogecoin [DOGE] having already climbed more than 8% this month.
As the largest memecoin by market value, DOGE’s rapid rise could be a harbinger of things to come, suggesting that liquidity is returning to the memecoin space. If this trend continues, then the memecoin ecosystem on Solana would be one of the primary beneficiaries.
This is where Robinhood flipping over Solana [SOL] in DEX volume begins to matter. While memecoins liquidity appears to be rotating towards Solana, Robinhood is already outperforming in overall trading activity.
So, if the rotation picks up, does it make Solana’s rally heading into Q4 more speculative?
Solana’s Q4 cycle faces a key test One trader’s trade is enough to show you how much FOMO there is in the memecoin market right now.
According to SolanaFloor, one trader turned $196 into $396k on Solana, scoring a 201,900% gain on ZCAT as it surged to an $80 million market cap. The trader has already cashed out $149k while still holding around $247k in unrealized gains.
However, that enthusiasm appears to be taking place “off-chain.” As the chart below shows, the memecoin dominance as a % of the total altcoin market cap has hit the lowest level since the start of the year.
It indicates that memecoins are at their lowest level of popularity, despite their recent “pop” in the media.
Source: CryptoQuant In this context, the recent memecoin surge could become a double-edged sword.
With liquidity being consolidated within only a few Solana memecoins, broad-based selling pressure could easily spread across the sector. Meanwhile, Robinhood’s entry as a major force in the overall on-chain activity adds another layer of complexity for SOL’s liquidity narrative.
Consequently, this puts Solana at a key inflection point. If the memecoin liquidity continues to rotate into the ecosystem, it could fuel another speculative wave in Q4. But if the spot doesn’t pick up, the road ahead could get riskier for SOL.
Final Summary Memecoin liquidity could fuel Solana’s Q4 rally, but concentrated flows also raise downside risk. If Spot demand fails to pick up, SOL’s Q4 setup could become increasingly speculative.
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.
Solana is trading near $105 after staging a recovery from its summer lows, reigniting optimism among traders about a continued rally. The combination of a long-term chart breakout, rising derivatives activity, and concentrated liquidity above the market is providing bullish traders with clearer targets in the weeks ahead.
Weekly breakout highlights $170 as next major targetSolana’s weekly chart shows the price emerging from a prolonged consolidation that was shaped by a rising multiyear support line and a downward-sloping resistance level from the 2025 highs. The recent rebound pushed SOL above the declining trendline, reinforcing the bullish technical outlook for the market.
A chart shared by trader Don identifies $170 as the next significant price objective for bulls. Don described the move succinctly, remarking that SOL “wants $170,” summarizing the prevailing optimistic outlook among some traders.
Don’s analysis points to $170 as the next significant upside objective for Solana, with longer-term resistance placed at $280.
At the time of writing, Solana was priced around $105.56, posting a gain of 0.8% over the previous 24 hours, according to data from CoinMarketCap. The $170 target stands roughly 61% above the current price, indicating that a breakout would need further confirmation before such levels come into focus.
Momentum has started to improve, with the weekly relative strength index rising to approximately 60. This level sits above the neutral 50 mark, but remains comfortably below the overbought threshold of 70.
The bullish case stays intact so long as SOL maintains its position above the recently broken trendline. However, a drop below that level could weaken the setup and potentially initiate a new consolidation period.
Liquidity clusters and derivatives positioningAnalysis of derivatives markets provides further insight into potential price action. The liquidation heatmap indicates a pronounced concentration of liquidity around the $145–$150 level, which lies above SOL’s current price.
These liquidity zones can serve as magnets for price movements, as large concentrations of leveraged positions carry the risk of forced liquidations if prices rise into their stop-out levels. While these areas are not guaranteed targets, they often become focal points of increased volatility whenever approached.
Above the $150 region, the heatmap also identifies additional liquidity at $180–$200 and a more substantial concentration between $240 and $250, aligning with the longer-term bullish structure that points toward the $280 resistance zone.
On the downside, notable liquidity remains in the $60–$70 price range, underscoring the risk that a sharp reversal could quickly erode the bullish narrative if the breakout fails.
Recent data also show that Solana derivatives traders are rebuilding positions after a previous reduction in overall leverage. Open interest in Solana derivatives has recovered, reaching an estimated $6 billion to $7 billion, after spending much of the prior period near $4 billion to $5 billion. Open interest remains well below its all-time peak near $17 billion.
Increasing open interest, especially when paired with a rising underlying price, can signal renewed participation and growing sentiment among market participants. However, it is important to note that open interest reflects exposure from both longs and shorts, meaning that volatility can increase in either direction when leverage builds up.
In the near term, the $145–$150 region appears as the first major upside test for Solana. A convincing break above this area could pave the way for a move toward Don’s $170 target. Sustained strength beyond that level may attract further attention to higher resistance levels closer to $280.
Mini dictionary: Liquidation heatmap, a chart that displays areas where large concentrations of leveraged trading positions are likely to face forced closure if price moves to certain levels, often used by traders to identify zones of potential high volatility.
Solana is targeting September 9 for Transaction v1, a new format that raises the maximum serialized transaction size from 1,232 bytes to 4,096 bytes.
Summary
Solana plans to raise maximum transaction size from 1,232 bytes to 4,096 bytes Wednesday mainnet. Transaction v1 remains optional, while legacy and v0 formats continue operating under existing size limits. Applications reading blocks must support version one or risk errors when encountering the new format. V1 removes address lookup tables and stores resource limits directly within each transaction’s configuration metadata. Solana’s official roadmap labels mainnet activation pending, making the September 9 schedule potentially changeable still. The increase gives developers about 3.3 times more transaction space. Solana’s official roadmap says the additional capacity can accommodate zero-knowledge proofs, large multisignature operations, batches and some onchain signature schemes.
Large operations previously had to be divided into several transactions when their instructions, signatures and account information exceeded the 1,232-byte ceiling. That process added complexity because one transaction could succeed while another step failed.
Transaction v1 could let developers combine more of those instructions into one atomic operation. Either every instruction succeeds or the entire transaction fails. The model could benefit trading routes, confidential transfers, cross-chain operations and applications processing complex cryptographic proofs.
The upgrade does not raise Solana’s limit of 64 referenced accounts per transaction. Applications can include more data and instructions, but they cannot automatically interact with more accounts.
Solana to triple transaction size as apps get room for more complex trades
The Solana smart contract blockchain is targeting Wednesday to increase the maximum transaction size from 1,232 bytes to 4,096 bytes, giving developers more than three times as much room to fit… pic.twitter.com/A3TNInOEdG
— Tony (@Crypto_Tony07) September 7, 2026 Existing Solana transactions will remain valid Transaction v1 is optional. Wallets and applications can continue sending legacy and v0 transactions under the existing 1,232-byte limit. Users do not need to migrate tokens, exchange SOL or complete a claim before activation.
Developers must deliberately adopt the new format to access its larger capacity. The Solana documentation identifies three supported formats: legacy, v0 and v1. Each format organizes account addresses and resource limits differently.
The v0 format uses Address Lookup Tables, or ALTs, to represent account addresses through compressed one-byte indexes. V1 removes ALTs and places complete 32-byte account addresses directly inside the transaction.
This creates a trade-off. V1 provides a larger overall envelope, but applications that rely heavily on lookup tables may spend more bytes representing the same accounts. Solana’s technical analysis found that 90% of sampled transactions would add fewer than 1,400 bytes when converted from v0 to v1.
Infrastructure providers must update their software The main compatibility risk applies to services that read blocks and transactions. Remote procedure call providers must set their maximum supported transaction version to one. Otherwise, requests could fail when they encounter a v1 transaction.
Indexers, explorers and analytics services must also change how they retrieve resource limits. Legacy and v0 transactions place compute limits and priority-fee settings inside ComputeBudget instructions. V1 stores them in a dedicated transaction configuration.
Outdated services could therefore display incorrect information. For example, an explorer might show a zero priority fee even though the user paid one. Fee sponsors and applications that check transaction limits must read the new configuration rather than scan old-style instructions.
Applications sending v1 transactions must explicitly set compute-unit and loaded-data limits because both default to zero. Developers should test transaction construction, signing and decoding before moving production traffic to the format.
September 9 remains a targeted activation date Solana Foundation Vice President of Technology Jacob Creech identified September 9 as the planned mainnet date. As crypto.news previously reported, the upgrade is included in Anza’s Agave 4.2 rollout.
However, the official roadmap still labels the mainnet feature as “not activated.” It also says Anza’s release schedule is “tentative and subject to change.” Testnet and devnet have already activated the feature, according to the latest Foundation status page.
The size increase comes from SIMD-0296, while SIMD-0385 defines the v1 format. Jacob Creech and Andrew Fitzgerald co-authored both proposals.
The 4,096-byte ceiling was selected partly because four kilobytes matches a common memory-page size used by validator hardware. Larger transactions will also consume additional bandwidth, although the upgrade introduces no separate fee charged per byte.
Transaction v1 remains separate from Solana’s rent reductions, shorter slot targets and Alpenglow consensus redesign. In related coverage, crypto.news reported that Alpenglow targets approximately 150-millisecond finality, with October remaining a development target rather than a guaranteed activation date.
Willemstad, Curaçao, September 7th, 2026, PlayNewswire
1win is expanding its crypto offering by introducing USDC deposits and withdrawals via the Solana network and by participating in new Web3 community initiatives, including Sona’s fundraising campaign supporting emergency efforts in Nepal. The developments come as the company continues to broaden the role of digital assets across its products, with 1win Token also approaching its upcoming TGE.
1win users can now make both deposits and withdrawals in USDC via the Solana network, with the functionality available across all geographies currently serviced by the platform. The integration provides users with another option for moving stablecoins onto and off the platform while benefiting from Solana’s high-speed, low-cost infrastructure.
USDC deposits via Solana start at 5 USDC, while SOL deposits are available from approximately 0.0099353 SOL, equivalent to around $1 at the time the threshold was set. These are almost the lowest minimum deposit requirements currently available on 1win.
The update comes as 1win continues to develop its broader crypto offering. The company has also announced that 1win Token is set to launch on Solana, with further details on the upcoming TGE and listing to be shared through the project’s official channels, including the @1winToken account on X.
Alongside its latest crypto product updates, 1win has also joined a fundraising initiative launched by the Solana Foundation following the major flooding emergency in Nepal on August 26.
The campaign turned the profile picture of Solana’s official X account into a charity auction, divided into nine zones that companies and Web3 projects could bid on for logo placements. All funds raised through the initiative were directed toward emergency relief efforts in Nepal.
1win secured the Top Center placement with a $16,276 contribution, the second-largest donation made through the initiative. Overall, the auction raised $166,946.50 for relief efforts in Nepal. In parallel, 1win has supported relief efforts on the ground through separate donations to the charitable organization Mountain Heart Nepal.
The new payment option and participation in the Nepal initiative add to 1win’s expanding crypto activities, while further developments around 1win Token are expected to be announced closer to its TGE
About 1win
Founded in 2016, 1win is a global crypto entertainment platform operating across Asia, Latin America, and Africa. 1win offers a wide range of products adapted to regional audiences. The brand has active collaborations with international public figures, including football legend Luis Suarez. In 2026, 1win welcomed rapper Tyga, UFC legend Ilia Topuria, Olympic champion and UFC fighter Gable Steveson, and reggaeton star Nicky Jam as members of the 1win VIP community.
Willemstad, Curaçao, 7th September 2026, PlayNewswireBy playnewswire
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Willemstad, Curaçao, September 7th, 2026, PlayNewswire
1win is expanding its crypto offering by introducing USDC deposits and withdrawals via the Solana network and by participating in new Web3 community initiatives, including Sona’s fundraising campaign supporting emergency efforts in Nepal. The developments come as the company continues to broaden the role of digital assets across its products, with 1win Token also approaching its upcoming TGE.
1win users can now make both deposits and withdrawals in USDC via the Solana network, with the functionality available across all geographies currently serviced by the platform. The integration provides users with another option for moving stablecoins onto and off the platform while benefiting from Solana's high-speed, low-cost infrastructure.
USDC deposits via Solana start at 5 USDC, while SOL deposits are available from approximately 0.0099353 SOL, equivalent to around $1 at the time the threshold was set. These are almost the lowest minimum deposit requirements currently available on 1win.
The update comes as 1win continues to develop its broader crypto offering. The company has also announced that 1win Token is set to launch on Solana, with further details on the upcoming TGE and listing to be shared through the project’s official channels, including the @1winToken account on X.
Alongside its latest crypto product updates, 1win has also joined a fundraising initiative launched by the Solana Foundation following the major flooding emergency in Nepal on August 26.
The campaign turned the profile picture of Solana’s official X account into a charity auction, divided into nine zones that companies and Web3 projects could bid on for logo placements. All funds raised through the initiative were directed toward emergency relief efforts in Nepal.
1win secured the Top Center placement with a $16,276 contribution, the second-largest donation made through the initiative. Overall, the auction raised $166,946.50 for relief efforts in Nepal. In parallel, 1win has supported relief efforts on the ground through separate donations to the charitable organization Mountain Heart Nepal.
The new payment option and participation in the Nepal initiative add to 1win’s expanding crypto activities, while further developments around 1win Token are expected to be announced closer to its TGE
About 1win
Founded in 2016, 1win is a global crypto entertainment platform operating across Asia, Latin America, and Africa. 1win offers a wide range of products adapted to regional audiences. The brand has active collaborations with international public figures, including football legend Luis Suarez. In 2026, 1win welcomed rapper Tyga, UFC legend Ilia Topuria, Olympic champion and UFC fighter Gable Steveson, and reggaeton star Nicky Jam as members of the 1win VIP community.
Solana is back on top of the memecoin food chain, and it’s not particularly close.
For the week ending August 26, Solana commanded roughly 85% of combined memecoin trading volume across five major crypto ecosystems, pulling in $5.2 billion in weekly activity. That’s Solana’s highest memecoin volume since November 2025.
Robinhood Chain, the scrappy newcomer that briefly threatened Solana’s memecoin throne, managed $389 million during the same stretch. Solana processed more than 13 times Robinhood Chain’s memecoin volume in a single week.
How Robinhood Chain lost its momentum Robinhood Chain launched its mainnet on July 1, 2026, and came out swinging. The chain’s early days were dominated by memecoin activity, with the sector accounting for approximately 79% of its total DEX activity at launch.
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The initial surge was fueled partly by hype around Robinhood Chain’s tokenized-stock features and launchpad platforms like Pons, which drove speculative interest to the new chain. For a brief window in August, Robinhood Chain even led Solana in daily meme trading volumes on certain days.
Robinhood Chain’s memecoin volume of $389 million represented about 20.8% of its total spot volume for the week.
Solana’s infrastructure advantage Solana’s overall DEX volumes averaged $3.01 billion daily during this period, compared to Robinhood Chain’s $510.8 million.
Solana’s memecoin volume of $5.2 billion weekly represented about 25% of its total DEX volume, which sat around $21.2 billion for the week.
Tools like Pump.fun, Solana’s memecoin launchpad, give the chain a structural advantage. When traders want to create, discover, and trade new tokens, they gravitate toward the platform where the liquidity already lives.
The broader battle for speculative capital Robinhood Chain’s approach of blending tokenized stocks with memecoin speculation managed to pull genuine activity away from Solana, even if only temporarily. The daily fluctuations throughout the month, where Robinhood Chain occasionally grabbed the lead before losing it again, indicate that traders were willing to experiment but ultimately returned to where the deepest pools of liquidity sat.
For Solana, the August data showed that ecosystem maturity and infrastructure depth still matter: daily DEX volumes were nearly six times larger than Robinhood Chain’s, its memecoin tools remained the industry standard, and its user base proved remarkably loyal after reclaiming 85% market share.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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.
OpenAI’s Chief Scientist warns that AI is advancing too rapidly, saying “extreme caution” is needed now.
Insight: Beating AI News Flash — OpenAI Chief Scientist Jakub Pachocki warned that artificial intelligence is advancing too rapidly, growing increasingly difficult for humans to understand and control, stating that "extreme caution is needed now." He noted that AI models can already operate computers, collaborate with humans and other AIs, and conduct research, and that in the near future, they may achieve "recursive self-improvement" without human intervention. Pachocki expressed concern that no one is prepared for the consequences of the continuous rapid advancement of machine intelligence. Developers can align AI more closely with human interests, or slow down future research and development (R&D) if necessary. He anticipates and hopes that "voluntary slowdowns" in R&D by AI labs will become the norm before the industry establishes common safety standards. OpenAI has currently adopted a limited rollout approach for GPT-6 Astra due to its advanced cybersecurity capabilities.
Hunter Biden’s upcoming Meme coin project, set to launch on September 9, has released detailed tokenomics for its LAPTOP token on its official website. The LAPTOP token has a total supply of 1 billion units, with 35% (350 million tokens) unlocked at the Token Generation Event (TGE), and full unlocking will take 36 months. The token allocations are as follows: 30% to founders, 30% to prediction markets, 10% to initial airdrops, 10% to future airdrops, 10% to liquidity, 5% to the foundation treasury, and 5% to charity. Notably, the handling of the 30% total allocation will be determined by the settlement results of 30 Polymarket prediction markets covering political, crypto, and cultural categories. If a market settles to YES, the corresponding tokens will be burned directly; if settled to NO, they will be donated to charity.
16 minutes ago
The Hunter Biden-linked meme coin LAPTOP warns the community to beware of counterfeit tokens and malicious links.
Hunter Biden, son of former US President Joe Biden, is set to launch a meme coin called LAPTOP. The project team has issued a reminder to the community to beware of counterfeit tokens and malicious links, stating that the LAPTOP project will never proactively contact users, nor will it ever request private keys, mnemonic phrases, or personal information, urging users to only trust communications from official channels. As BlockBeats previously reported, after Hunter Biden officially announced the coin launch, numerous LAPTOP-named tokens emerged on various popular meme coin blockchains, with most of them following a trend of surging first and then plummeting to near-zero value.
16 minutes ago
Markets currently view the probability of the Republican Party securing a landslide victory in the midterm elections as low as just 11%.
According to data from Predict.fun, in its prediction market for the 2026 U.S. Midterm Elections, the current probability of a "Democratic landslide" is as high as 51%, the probability of Republicans winning the Senate and Democrats holding the House is currently reported at 35%, while the probability of a "Republican landslide" is only 11%.
16 minutes ago
Liquid's white hat hacker has returned 3,400 BTC, while approximately 600 BTC remains to be returned.
The "white hat hacker" who attacked the Liquid network and stole approximately 4,000 BTC has returned around 3,400 BTC to the Liquid Federation, with roughly 600 BTC still outstanding. The repayment stems from earlier on-chain communication, where the address claiming to be the white hat hacker stated it would return the stolen Bitcoin once Blockstream patched the vulnerability. The incident remains under active development. Notably, during prior discussions with Blockstream, the Liquid white hat hacker pledged to return "most" of the 4,000 BTC, not the full amount; the unreturned funds are likely intended as a bounty.
16 minutes ago
The Biden Meme coin has cooled the crypto market, with investors fearing it may repeat the same fate as the TRUMP Meme coin.
According to HTX market data, since Hunter Biden announced the launch of meme coin LAPTOP, Bitcoin has fallen approximately 0.7%, Ethereum has dropped around 0.85%, and SOL has declined about 1.17%. Several previously high-profile meme coins also saw declines: MEME fell 19%, PONS dropped 9%, BONER declined 17%, Basecat fell 10%, and ZCAT dropped 13%. Notably, this market reaction may stem from a "precedent". Trump’s TRUMP coin was launched on January 17, 2025. While it saw continuous gains on its launch day, sparking FOMO in the community, its price has since plummeted, leaving behind a "mess" for the crypto space and drawing criticism from mainstream media. Data shows Bitcoin hit a high of $103,000 on January 17, 2025, but fell roughly 25% over the subsequent 54 days. At that time, the Solana network was also in a meme coin boom, with an average daily trading volume of around $4.53 billion, and a single-day peak of $5.86 billion (its current 24-hour volume is approximately $1.915 billion). Some of the most popular meme coin projects at that time peaked either before the launch of TRUMP coin or in recent days, including the once-hot ai16z (market cap of $2.74 billion), FARTCOIN ($2.84 billion), GRIFFAIN ($640 million), and pippin (phase peak of $370 million), among others.
After watching from the sidelines while memecoin mania exploded on rival chains, Solana is fighting back. Led by $ZCAT, a memecoin paired with Zcash ($ZEC), and $STONK, the native token of Solana’s most diverse launchpad, Solana reclaimed the lead in 24hr spot DEX volume.
Amidst the mania, Stonk.fun flipped Pump and Hyperliquid in daily revenue, causing a dramatic rerating in value as its token roared to a $200M market cap.
With meme/stocks establishing themselves as the market’s dominant trend, will Pump embrace multi-pairing launches?
$ZCAT, $STONK Trigger MemeFi Explosion on Solana Solana’s memecoin economy just reminded the entire industry what it’s capable of. Having watched the degens enjoy 9-figure runners on rival networks, Solana’s meme markets roared back to life over the course of the weekend.
After briefly ceding pole position in daily DeFi spot volume rankings to Robinhood, Solana reclaimed the top spot as the home of onchain markets. Driven by overwhelming demand for $ZCAT, a memecoin airdropping $ZEC rewards to holders, Solana recorded over $2.7B in daily DEX volume to once again lead all chains.
With the animal spirits returning to Solana, memecoin traders found themselves sitting on astronomical unrealized gains. Certain wallets became overnight millionaires on tokens like $STONK and $ZCAT, which ripped over to all-time high valuations of $186M and $179M respectively.
Beyond bestowing tremendous wealth and green candles across Solana DeFi, the weekend’s resurgence also put Solana back in the running to reclaim its position as crypto’s favorite place to trade tokenized equities.
Having lost its long-held crown to Robinhood and BNB, Solana is once again competing for market share, capturing 32% of all tokenized equity trading volume.
Stonk.fun Flips Pump, Hyperliquid in Daily Revenue Offering the most diverse token pairings of all launchpads, Stonk.fun has briefly cemented itself as one of crypto’s most valuable applications. After a breakout day’s trading, Stonk.fun recorded over $1.5M in daily revenue, eclipsing industry kingpin’s like Hyperliquid and pump.fun.
While Stonk.fun’s volume has since cooled off, the platform continues burning its token supply at a breakneck pace. Allocating 60% of protocol revenue to buybacks and burns, stonk.fun burnt 0.6% of its total supply on Sunday, and is on track to burn another 0.3% today.
Meanwhile, the launchpad is evidently eager to continue exploring new pairing possibilities. While equities, commodities, and other crypto majors have proven extremely popular, social media interactions from emerging apps like World.xyz suggests Stonk.fun may be integrating tokenized prediction markets into its expanding platform.
Will Pump Enable Diverse Pairings? With Stonk.fun’s expansive range of token pairings attracting massive amounts of capital and activity, Solana’s memecoin traders are naturally wondering if rival launchpad pump.fun will follow suit.
6th Man Ventures MP and Pump.fun investor Mike Dudas seems to think that such an eventuality is extremely likely. Meanwhile, markets appear to be pricing in the prospect of pump.fun rolling out multi-pairings in the immediate future.
In the last 24 hours, $PUMP has gained 8.15%, while $STONK has lost around 35% of its value in the same timeframe, though the latter’s blistering run during the weekend means it was likely due some consolidation.
Read More on SolanaFloor Can the memecoin traders CTO a real company?
Vida Global CEO Acknowledges Meme/Stock Pairing Trying to ‘CTO’ His Company
Friday, Fomo created a surprise by surpassing Pump.fun in daily revenues with 1.76 million dollars against 1.1 million dollars for Pump.fun, according to DefiLlama. A media feat, but insufficient to eclipse Pump.fun’s dominance over the month which it crushes with 57 million dollars versus 17.6 million dollars. Yet, the crypto market seems indifferent because the PUMP token has risen by 7.8% in 24h! As if this news had no importance. A striking disconnect between the day’s figures and the reality of prices.
In brief Fomo generated 1.76 million dollars in revenue on Friday, ahead of Pump.fun which had 1.1 million dollars. Over 30 days, Pump.fun dominates with 57 million dollars compared to 17.6 million dollars. The PUMP token climbed 7.8% in 24h, with 147,000 holders. Pump.fun VS Fomo, the Revenue Duel with Supporting Figures Friday, Fomo overtook Pump.fun with 1.76 million dollars in revenue, against 1.1 million for its competitor. A performance that made headlines, but should not overshadow the abysmal gap over 30 days which is 57 million dollars for Pump.fun against 17.6 million for Fomo, according to DefiLlama. These figures remind us that crypto is a marathon, not a sprint. Yet, the media seized this ephemeral victory to make it a symbol. But investors, they, seem to look elsewhere. Why?
Because one day’s revenue does not reflect the health of an ecosystem. Pump.fun, despite its temporary defeat, remains a key player, with a solid base and massive adoption. Fomo, for its part, proves it can compete but will need to confirm in the long run. The question remains open. Will this performance be enough to convince PUMP holders to switch sides?
Who is Fomo, the Newcomer who Wants to Overshadow Pump.fun? Fomo is a social trading platform that bets on interactivity to attract crypto users. In June, it raised 75 million dollars in Series B, led by Index Ventures, for a valuation of 550 million dollars. Its approach is to allow users to see and replicate others’ trades, like on a social network. Result, 68,000 first crypto purchases via Apple Pay, for a volume of 25 million dollars. Good figures, but will they be enough to dethrone Pump.fun? Fomo bets on innovation and community engagement to differentiate itself. It remains to be seen if this strategy will pay off in the long term.
The Crypto Market doesn’t Care About Fomo’s Daily Ranking Here lies the real paradox. Fomo savors its brief victory over Pump.fun, but the PUMP token soars by 7.8% in 24h, with 147,000 holders. Is the crypto market right to ignore the press headlines? Or do crypto investors see beyond the day’s figures? One thing is certain, between platform revenues and token performance, the correlation is far from obvious.
The PUMP token seems to follow its own logic, indifferent to media battles. Token holders may have understood that one day’s revenue does not make a trend. Or they might simply be betting on Pump.fun’s resilience, despite its ups and downs. In any case, the market sends a clear message. One day’s fundamentals do not dictate crypto prices. And if the press gets excited for a duel, investors keep their feet on the ground.
Takeaways from the Rivalry Between Fomo and Pump.fun Fomo surpassed Pump.fun for only one day in revenue, but remains far behind over 30 days. PUMP climbed 7.8% despite its platform’s defeat. The crypto market ignores occasional performances in favor of a long-term vision. Fomo won a battle, but Pump.fun definitely remains the king. And PUMP, seems to have already turned the page. The crypto market, indeed, has its own rules.
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Eddy S.
The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
TLDR Solana plans to raise its maximum transaction size from 1,232 bytes to 4,096 bytes on Wednesday. The upgrade will allow some complex Solana transactions to be completed in one operation instead of several. Transaction v1 is already active on Solana’s test and development networks. Existing transaction formats will remain supported, so wallets and apps do not need to switch immediately. Larger transactions can support cryptographic proofs, multi-approval payments, and some confidential transfers. Solana is preparing to raise its maximum transaction size from 1,232 bytes to 4,096 bytes on Wednesday. The change will give developers more room to place instructions inside Solana transactions while keeping older transaction formats active.
The upgrade uses Transaction v1, which is already running on Solana’s test and development networks. Developers can continue using existing formats unless an application needs the larger transaction limit across the network.
Solana Transactions Get More Space The higher limit allows some operations that once required several transactions to run as one. These can include large cryptographic proofs, multi-approval payments, and some confidential transfers.
Solana previously limited every transaction to 1,232 bytes. Ethereum does not use the same fixed protocol limit, giving developers more room for data-heavy operations when they pay the required fees.
Software Providers Need Updates The change also affects services that read Solana blocks and transaction data. These systems must support Transaction v1, or requests may fail when they encounter the new format.
Some providers must also update how they read priority-fee data. Transaction v1 stores this information in a different location. Older software may therefore report a zero priority fee even when a user paid one.
Wallets, explorers, and trading applications often depend on these services. Incorrect backend data can therefore produce inaccurate transaction details on user-facing platforms.
Larger Transactions Raise Bandwidth Use Bigger Solana transactions will require more network bandwidth. Developers expect users may need to pay higher priority fees when large transactions compete for limited processing space.
The upgrade does not add a new fee based on transaction size. Priority fees will remain optional and will continue to depend on network demand and transaction processing needs.
Solana’s original 1,232-byte ceiling came from a networking design that required transactions to fit inside an internet data packet of about 1,280 bytes.
Proposals Define New Transaction Limit Solana changed its transaction traffic system in 2022, reducing the need for the older cap. The new 4,096-byte limit matches a common four-kilobyte memory-page size used by validator hardware.
SIMD-0296 and SIMD-0385 define the change. Jacob Creech and Andrew Fitzgerald co-authored the proposals. The transaction upgrade remains separate from recent Solana governance votes involving SOL issuance and fee-related supply changes.
Solana plans to increase its maximum transaction size from 1,232 bytes to 4,096 bytes on Wednesday. The change is set to give developers more flexibility when designing transactions, while legacy formats will remain supported across the network.
Expanded transaction capacityThe larger limit aims to enable certain complex activities—including larger cryptographic proofs, multi-approval payments, and some confidential transfers—to be completed in a single Solana transaction rather than requiring several. Solana previously capped transaction size at 1,232 bytes, mainly due to legacy network constraints that required transactions to fit within a typical 1,280-byte internet packet.
Ethereum, another leading blockchain network, does not enforce a fixed transaction size. Instead, Ethereum users can include larger amounts of data when paying the necessary fees. Solana’s move brings its processing ability closer to that of data-flexible blockchains, potentially attracting more advanced developers and enterprise use cases.
BlockchainPrevious Transaction Size LimitNew Transaction Size LimitTransaction Size FlexibilitySolana1,232 bytes4,096 bytesFixed, but increasedEthereumVariable, by feeVariable, by feeFlexible, based on feeTechnical upgrade and developer impactThe upgrade—known as Transaction v1—has been active on Solana’s development and test networks. Developers will be able to use either the new, larger transaction format or continue with current formats unless a given application requires the larger capacity.
The Solana Foundation, the nonprofit supporting Solana blockchain, stated that this change is backward compatible. Wallets and applications that do not require the larger limit do not need to update immediately, although some backend services and blockchain data providers must add support for Transaction v1 to ensure stability across the ecosystem.
Solana has implemented Transaction v1 in test environments to prepare for the rollout. Existing transaction formats will still work, allowing for a gradual transition for app developers and service providers.
Systems that read Solana blocks and transaction data must recognize the new format; otherwise, requests might fail. Priority fee information is also stored in a different section for Transaction v1, raising the need for updates in some data providers to maintain correct reporting.
Incorrect processing of transaction data can lead to user-facing platforms such as wallets, blockchain explorers, and trading apps displaying inaccurate details, a situation Solana’s engineering team advises service providers to avoid by upgrading promptly.
Mini dictionary: Solana Foundation, a nonprofit organization supporting the growth, development, and adoption of the Solana blockchain ecosystem through grants, education, and community resources.
Network effects and fee structureAllowing bigger transactions is expected to increase network bandwidth use. With multiple large transactions competing for limited network resources, some users may have to pay higher priority fees to ensure timely processing. However, no additional fee based on transaction size is being introduced at this stage. Priority fees will remain optional and continue to depend on network demand and processing needs.
The decision to lift the size cap follows Solana’s transaction traffic system overhaul in 2022. The updated 4,096-byte threshold aligns with a standard four-kilobyte memory page widely used in validator hardware, offering technical consistency and potential performance improvements.
Governance and proposalsSolana’s community and technical leadership coordinated on this upgrade through formal proposals. The change is defined by two proposals, SIMD-0296 and SIMD-0385, co-authored by Jacob Creech and engineer Andrew Fitzgerald, who both serve in technical roles at Solana.
These proposals are separate from recent governance votes, including those regarding SOL issuance and changes to the network’s fee or supply mechanisms.
According to HTX market data, since Hunter Biden announced the launch of meme coin LAPTOP, Bitcoin has fallen approximately 0.7%, Ethereum has dropped around 0.85%, and SOL has declined about 1.17%. Several previously high-profile meme coins also saw declines: MEME fell 19%, PONS dropped 9%, BONER declined 17%, Basecat fell 10%, and ZCAT dropped 13%. Notably, this market reaction may stem from a "precedent". Trump’s TRUMP coin was launched on January 17, 2025. While it saw continuous gains on its launch day, sparking FOMO in the community, its price has since plummeted, leaving behind a "mess" for the crypto space and drawing criticism from mainstream media. Data shows Bitcoin hit a high of $103,000 on January 17, 2025, but fell roughly 25% over the subsequent 54 days. At that time, the Solana network was also in a meme coin boom, with an average daily trading volume of around $4.53 billion, and a single-day peak of $5.86 billion (its current 24-hour volume is approximately $1.915 billion). Some of the most popular meme coin projects at that time peaked either before the launch of TRUMP coin or in recent days, including the once-hot ai16z (market cap of $2.74 billion), FARTCOIN ($2.84 billion), GRIFFAIN ($640 million), and pippin (phase peak of $370 million), among others.
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OpenAI’s Chief Scientist warns that AI is advancing too rapidly, saying “extreme caution” is needed now.
Insight: Beating AI News Flash — OpenAI Chief Scientist Jakub Pachocki warned that artificial intelligence is advancing too rapidly, growing increasingly difficult for humans to understand and control, stating that "extreme caution is needed now." He noted that AI models can already operate computers, collaborate with humans and other AIs, and conduct research, and that in the near future, they may achieve "recursive self-improvement" without human intervention. Pachocki expressed concern that no one is prepared for the consequences of the continuous rapid advancement of machine intelligence. Developers can align AI more closely with human interests, or slow down future research and development (R&D) if necessary. He anticipates and hopes that "voluntary slowdowns" in R&D by AI labs will become the norm before the industry establishes common safety standards. OpenAI has currently adopted a limited rollout approach for GPT-6 Astra due to its advanced cybersecurity capabilities.
Hunter Biden’s upcoming Meme coin project, set to launch on September 9, has released detailed tokenomics for its LAPTOP token on its official website. The LAPTOP token has a total supply of 1 billion units, with 35% (350 million tokens) unlocked at the Token Generation Event (TGE), and full unlocking will take 36 months. The token allocations are as follows: 30% to founders, 30% to prediction markets, 10% to initial airdrops, 10% to future airdrops, 10% to liquidity, 5% to the foundation treasury, and 5% to charity. Notably, the handling of the 30% total allocation will be determined by the settlement results of 30 Polymarket prediction markets covering political, crypto, and cultural categories. If a market settles to YES, the corresponding tokens will be burned directly; if settled to NO, they will be donated to charity.
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The Hunter Biden-linked meme coin LAPTOP warns the community to beware of counterfeit tokens and malicious links.
Hunter Biden, son of former US President Joe Biden, is set to launch a meme coin called LAPTOP. The project team has issued a reminder to the community to beware of counterfeit tokens and malicious links, stating that the LAPTOP project will never proactively contact users, nor will it ever request private keys, mnemonic phrases, or personal information, urging users to only trust communications from official channels. As BlockBeats previously reported, after Hunter Biden officially announced the coin launch, numerous LAPTOP-named tokens emerged on various popular meme coin blockchains, with most of them following a trend of surging first and then plummeting to near-zero value.
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Markets currently view the probability of the Republican Party securing a landslide victory in the midterm elections as low as just 11%.
According to data from Predict.fun, in its prediction market for the 2026 U.S. Midterm Elections, the current probability of a "Democratic landslide" is as high as 51%, the probability of Republicans winning the Senate and Democrats holding the House is currently reported at 35%, while the probability of a "Republican landslide" is only 11%.
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Liquid's white hat hacker has returned 3,400 BTC, while approximately 600 BTC remains to be returned.
The "white hat hacker" who attacked the Liquid network and stole approximately 4,000 BTC has returned around 3,400 BTC to the Liquid Federation, with roughly 600 BTC still outstanding. The repayment stems from earlier on-chain communication, where the address claiming to be the white hat hacker stated it would return the stolen Bitcoin once Blockstream patched the vulnerability. The incident remains under active development. Notably, during prior discussions with Blockstream, the Liquid white hat hacker pledged to return "most" of the 4,000 BTC, not the full amount; the unreturned funds are likely intended as a bounty.
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Hunter Biden-related Meme coin siphons market before launch, popular Meme coins in Robinhood ecosystem fall across the board.
Popular meme coins in the Robinhood ecosystem have fallen broadly, likely impacted by news that Hunter Biden, son of former US President Joe Biden, is set to launch a meme coin $LAPTOP named after the "laptop incident". Specific declines: · PONS dropped nearly 9% following its coin announcement, with its market cap falling to $726 million; · CASHCAT fell nearly 10% after its announcement, hitting a $190 million market cap; · AI dropped over 10% post its announcement, with its market cap standing at $179 million; · MEME once plunged over 20% after its announcement, dropping to a $91 million market cap; · microduck once fell over 25% post its announcement, hitting $17 million in market cap. BlockBeats Note: Price calculations are based on data released after the coin announcement at 22:50 Beijing Time today. Reminder: Most meme coins lack real use cases, feature highly volatile prices, and carry significant investment risks—invest with caution.
Solana just quietly climbed into the top four platforms for Zcash spot trading volume, processing roughly $64 million in ZEC trades over a 24-hour period. That puts a decentralized ecosystem in the same conversation as Binance, Coinbase, and Kraken, three of the largest centralized exchanges on the planet.
The figure represents a 220% jump from prior metrics and gives Solana about a 5.35% share of global ZEC spot trading.
How Solana stacks up The leaderboard for ZEC spot volume tells an interesting story. Binance sits at the top with $481.6 million. Coinbase follows at $281.8 million, then Kraken at $124.2 million.
Solana’s $64 million sits in fourth place. That bridged ZEC on Solana carries a reported tokenized value of $112.8 million. Cross-chain infrastructure like OmniBridge has been the plumbing behind this growth, funneling Zcash liquidity into Solana’s DEX ecosystem. Platforms like Raydium and Orca have absorbed most of this trading activity, with cumulative DEX volumes for ZEC-related assets reportedly exceeding hundreds of millions over recent periods.
One ZEC variant on Solana showed a 36.83% change over 24 hours.
The privacy token tailwind This surge didn’t happen in a vacuum. Grayscale launched a spot ZEC exchange-traded product, giving traditional finance an easier entry point into the privacy coin.
Zcash uses zero-knowledge proofs to offer optional privacy on transactions. The Grayscale product essentially validated ZEC’s staying power for a segment of investors who needed a regulated wrapper before allocating capital.
What Solana’s rise means for DeFi privacy The risk is that bridged assets carry their own set of vulnerabilities. Cross-chain bridges have been the single largest attack surface in DeFi over the past few years, responsible for billions in losses. Every dollar of wrapped ZEC on Solana depends on the security of the bridge that created it. A $112.8 million tokenized value sitting on bridge infrastructure is a meaningful honeypot.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Dogecoin, the internet’s favorite canine-themed crypto, has arrived on Solana. Through Wormhole’s Native Token Transfers framework and a new liquidity gateway called Sunrise, DOGE is now accessible on Solana natively, meaning the token keeps its original properties rather than becoming a synthetic stand-in wrapped in someone else’s smart contract.
The integration, which went live on May 23, 2025, covers the complete circulating supply of DOGE, a figure valued at roughly $35 billion. That makes it one of the largest single-asset cross-chain transfers in crypto history.
What NTT actually does differently The traditional approach to bringing a token from one chain to another is wrapping: you lock the original asset somewhere, mint a synthetic version on the destination chain, and hope the peg holds. It works, mostly, but it fragments liquidity and strips token issuers of control over their own asset’s metadata and supply rules.
Wormhole’s Native Token Transfers framework takes a different path. Rather than creating a wrapped copy, NTT moves the actual token representation natively, using zero-knowledge proofs to verify the transfer while preserving the issuer’s authority over things like supply policy and token metadata. The DOGE you hold on Solana after an NTT transfer is, for all practical purposes, still DOGE under the same rules, not a derivative of it.
Wormhole has facilitated over $11.5 billion in total inflows to Solana and currently supports more than 40 blockchains. The DOGE integration is the highest-profile deployment of the NTT framework to date.
Sunrise: Solana’s canonical front door for outside assets The project sitting on top of the NTT plumbing is Sunrise, a liquidity gateway incubated by Wormhole Labs and publicly launched on November 23, 2025. Without something like Sunrise, the same asset can arrive on Solana through multiple bridges, each minting its own version, which creates fragmented liquidity pools and pricing chaos. Sunrise assigns a unified mint address to each incoming asset, so there is one DOGE on Solana, not four slightly different ones traded in separate pools.
The first token listed on Sunrise at launch was MON, the token from the Monad ecosystem. Arbitrum’s ARB token joined as of September 2026. Sunrise-listed assets have already generated hundreds of millions in trading volume, according to Wormhole’s data.
Why this matters for both ecosystems For Solana, the DOGE integration via Sunrise is a liquidity story as much as a technical one. Solana has been positioning itself as the high-performance home for serious trading activity, and pulling a $35 billion market cap asset into its native ecosystem is a meaningful step toward that goal.
For DOGE, the calculus is different. Dogecoin lives on its own proof-of-work chain, which is secure but not exactly known for its DeFi ecosystem. Bringing DOGE to Solana opens the token to lending protocols, automated market makers, on-chain options, and more, without changing DOGE’s base-layer properties.
The risks are not zero. Cross-chain infrastructure, however well-designed, introduces complexity, and the concentration of large asset flows through a single canonical gateway creates an attractive target. What happens to Solana’s DOGE liquidity if Sunrise encounters a protocol-level problem is a question worth asking before allocating seriously.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
ARK Invest founder Cathie Wood’s ARK Innovation ETF purchased 28,589 shares of Robinhood (HOOD) on September 4. At the day’s closing price of $122.11, the stake is valued at roughly $3.5 million. The move marks a re-addition to Robinhood after Wood recently trimmed her holdings in the stock; she had previously sold 25,009 shares on August 26. Robinhood’s share price has surged over 30% in the past month, while Bitcoin rose around 23% over the same period to near $80,000. On September 4, Deutsche Bank lifted Robinhood’s price target from $115 to $136 and retained its “Buy” rating, citing that fee revenue from Robinhood Chain has grown far beyond expectations. Data shows the daily revenue of the chain stood below $200,000 in mid-August, but jumped to $3.38 million on September 1 and $4.01 million on September 2. Deutsche Bank projects its annualized run rate will exceed $100 million. As of September 4, Robinhood ranks as the seventh-largest holding in the ARK Innovation ETF, making up 4.28% of the fund’s weight. Separately, Wood has recently added positions in Veracyte, Intellia Therapeutics, and the 3iQ Solana Staking ETF, while trimming stakes in Tempus AI and Twist Bioscience.
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Data: The privacy sector's market cap surges to $33.6 billion, with ZEC jumping 2496% in a year to emerge as this year's biggest winner.
Over the 12-month period ending September 6, the top-performing sector in the crypto market has been privacy assets. The total market cap of privacy tokens has surged to $33.6 billion from $7.1 billion a year ago, representing a roughly 3.7x increase, with nearly half of this market cap growth coming in the past 30 days. ZEC is the core asset driving this sector’s rally, jumping 2496% over the past year. It accounts for around 62% of the total privacy sector market cap, and its ranking has surged from #82 to #7. Over the same period, XMR’s price doubled, while DASH, XMR, and ZEN all outperformed Bitcoin (BTC) in the past 90 days. 91.5% of the top 200 crypto assets by market cap have gained in the past 30 days, but only 25 assets have posted gains over the past year. Notably, the privacy sector is the only segment whose overall market cap is now higher than its peak on October 6, 2025, up 213% from that level. Beyond ZEC, the broader privacy asset index has still risen 85% over the past year, indicating this rally isn’t driven by a single token alone.
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DBS and Citibank complete the first cross-border US dollar payment processed on weekends: Tokenized deposits settle in just minutes.
Singapore’s DBS Bank and Citibank’s New York branch completed the first weekend U.S. dollar payment between Singapore and the U.S. on September 5 via Swift Digital Ledger, settled using tokenized deposits. DBS noted the transaction took just minutes, while traditional cross-border U.S. dollar payments typically take up to two business days. The trial aims to overcome limitations of traditional banking hours, weekends, and time zones to enable 24/7 cross-border fund transfers, with relevant use cases including cross-border e-commerce and digital services. Citigroup joined Swift’s tokenized deposit-based 24/7 cross-border payment pilot in July this year and plans to participate in building the U.S. tokenized deposit network. DBS launched its blockchain-based banking system in 2024, which includes DBS Treasury Tokens for liquidity management.
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Cryptocurrency Private Keys Emerge as Gangs’ New Prized Assets: Irish Criminal Syndicates Rent Private Vaults to Hoard Crypto Holdings
Michael Gubbins, head of Ireland’s Criminal Assets Bureau (CAB), stated that local organized crime gangs have begun renting private vaults to store crypto wallet private keys and mnemonic phrases, alongside assets such as cash, luxury watches, high-end goods, and passports. This practice was uncovered in CAB investigations and has been reported to Ireland’s Anti-Money Laundering Committee. Gubbins noted that criminal groups view crypto assets as anonymous, reducing the risk of their assets being seized, but he pointed out that crypto’s use in Irish criminal activities remains “fairly basic”, with cash still the primary funding source for illegal activities like drug trafficking. Ireland is currently preparing to implement new EU anti-money laundering rules, which will ban cash transactions exceeding €10,000 and strengthen oversight of sectors including crypto asset service providers and luxury goods retailers.
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Zhihu invests a whopping 1.5 billion yuan to establish an AI subsidiary, marking a shift in its AI strategy from product trial runs to an independent business entity.
Dongcha Beating AI News Flash: Zhihu recently established Beijing Zhizhe Exploration Technology Co., Ltd., with a registered capital of 1.5 billion yuan, and Zhou Yuan, founder of Zhihu, serving as its legal representative. The new firm is wholly owned by Beijing Zhizhe Tianxia Technology Co., Ltd., Zhihu’s core domestic operating entity, and its business scope covers big data services, internet data services, AI basic software and application development, etc. Notably, the 1.5 billion yuan refers to the shareholders’ subscribed registered capital, not equivalent to Zhihu’s actual cash injection of 1.5 billion yuan. To date, Zhizhe Exploration’s paid-in capital, capital contribution method, and specific business plans remain undisclosed. The establishment of the new company comes as Zhihu accelerates its AI commercialization drive. Zhihu has expanded its AI business to areas including AI search, brand content assets, expert data solutions, and developer tools, but management previously noted that the AI business is still in the commercial verification stage and has not yet generated stable, large-scale revenue.
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MicroStrategy raised $20.9 billion in financing this year, ranking fourth among U.S. stock market issuers, and holds 845,000 Bitcoin.
According to Strategy’s latest 8-K filing, the company has raised approximately $20.9 billion this year via common and preferred stock issuances, ranking fourth in U.S. stock issuance volume, behind only SpaceX, Alphabet, and Intel. Strategy recently booked a net gain of $602.8 million from selling its MSTR common stock, with $369.7 million of that used to acquire 4,603 BTC at an average price of roughly $80,318 per coin. As of August 30, the firm’s total BTC holdings stood at 845,050 coins, with a cumulative purchase cost of about $63.73 billion and an average cost of roughly $75,412 per BTC. Additionally, MSCI’s consultation on digital asset financial reserve companies will wrap up on September 30, and the market is closely monitoring whether it will adjust relevant index inclusion criteria going forward.
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A study finds that weekend TradFi perpetual contract trading volume surged to $53 billion in August, a nearly 12-fold increase so far this year.
According to Binance Research’s latest monthly market report, the total cryptocurrency market capitalization rose 17.6% in August to $2.70 trillion, driven primarily by ETF inflows and interest rate trading. However, as the market reprices Federal Reserve policies, whether the subsequent rally can continue will depend on whether spot and ETF demand can withstand liquidity tightening pressures. The report notes that Bitcoin (BTC) rose 24.8% over the past seven days, an extreme move ranking among the top 1% of single-week gains since 2020. Historically, after the prior seven instances of similar gains, BTC rose one month later in all cases, with six of those still rising two months later, posting an average two-month gain of 18.3%. Binance Research emphasizes, however, that the sample size is limited and the short squeeze effect in this rally has been largely exhausted. On the funding front, the allocation share of crypto assets among stock asset holders rose from 64% to 72%, stablecoin allocations fell by 22%, and the proportion of traditional finance (TradFi) perpetual contract trading volume dropped from 40% to 20%. Additionally, weekend trading volume for TradFi perpetual contracts in August hit $53 billion, nearly 12 times higher than the start of the year, signaling the formation of an independent market for 24/7 cross-asset trading demand. The report also points out that as expectations for Anthropic’s listing heat up, its related pre-IPO market saw a sharp rise in August.
Axis Robotics has released Axis Sim Dataset V1, one of the largest open-source simulation datasets for Franka arm manipulation, with the full dataset, training code, and benchmarks publicly available. V1 is built from more than 50,000 human-teleoperated simulation trajectories across 207 manipulation tasks and 60,000+ scene variants on a simulated Franka Research 3 arm.
This dataset drew over 160,000 downloads, making it the most downloaded open-source simulation Franka manipulation dataset on Hugging Face. In benchmarks, continual pretraining on V1 lifted π0.5 and beat a volume-matched RoboCasa baseline, with every result open and verifiable.
Axis Robotics is building the ultimate compounding data engine for Physical AI, a vertically integrated system spanning large-scale simulation, egocentric real-world capture, humanoid loco-manipulation, and human-gated DAgger post-training. The company raised $12 million in seed funding led by Hack VC, with participation from Nomad Capital, Pi Network Ventures, 10K Ventures, and angel investors.
A Bet Against “Clean Data Only”A common assumption in robotics is that demonstrations must be near-optimal to begin with — filter down to expert trajectories, standardize the setup, and discard anything noisy before it is safe to imitate. Axis’s thesis runs the other way: data quality lives at the distribution level, not the single trajectory. When a large and diverse enough crowd produces noisy, suboptimal trajectories and their errors are uncorrelated, the noise averages out and a working policy survives during training.
Axis Sim Dataset V1 puts that thesis to a public test. Its trajectories span pick-and-place, stacking, pouring, articulated-object manipulation, and tool use, all collected through Axis’s browser-based teleoperation platform, Axis Hub, by a distributed crowd rather than a single expert team. The dataset was built with researchers from UC Berkeley, Johns Hopkins, the University of Michigan, and other institutions.
Results That ScaleOn LIBERO-Plus, continual pretraining on V1 lifts π0.5 from 83.9% to 88.8% success and outperforms a volume-matched RoboCasa365 baseline by 37.3%. Performance improves consistently as pretraining data scales from 25% to 100% of the dataset, with no saturation in sight, evidence that the gains come from diversity and coverage rather than a one-off bump. The largest improvements appear under camera, sensor-noise, and layout perturbations, the exact axes Axis randomizes during generation.
The team says V2 is already underway, scaling to 1.2 million trajectories across 1,200 tasks, with cross-embodiment generalization and results across multiple VLA models showing that suboptimal simulation data trains robust policies.
The Engine Behind the DatasetThe dataset is one output of a larger, actively compounding data engine. Where a traditional data vendor collects to a fixed spec and stops, Axis uses model performance and failure cases to determine what should be collected next, so every training round informs the next. That engine runs on a hybrid strategy across four data lines, and all four now run at scale:
Simulation: over 200,000 distributed contributors on Axis Hub, a top-3 dApp on Base, producing 4.7M+ trajectories across 13 embodiments. Egocentric: a managed network of 1,000+ full-time, QC-trained collectors capturing first-person activity in real homes and businesses across 14 industries: 200,000+ hours already banked and growing by 4,000+ hours every day, with Vicon-verified hand pose. Loco-manipulation: 500+ hours combining mobility and dexterity on real humanoids (Unitree G1, Booster T2) through hardware-agnostic teleoperation. Human-gated DAgger post-training: 500+ hours of human-in-the-loop correction targeted at deployment edge cases. Every task and trajectory is recorded on-chain on Base for provenance, and contributors are rewarded for verified work quality.
From Open Data to Commercial DeploymentBeyond open-sourcing simulation data, Axis works directly with robot embodiment companies to build customized, embodiment-specific data pipelines and model priors.
As Booster Robotics’ first sim-data partner, Axis rebuilt Booster’s real workspace as a task-aligned digital twin, had distributed contributors collect 42,000+ simulation episodes on it, and distilled them into a Booster-specific model prior. With just 30 real-robot demos, that prior reached 87.5% success versus 37.5% for an out-of-the-box π0.5, matching π0.5 using half the real-world demonstrations.
Other partners span embodiment companies (Feagine Robotics), model companies (Manycore Tech, Dexmal) and industrial automation (Lotus Cars, Geely Auto). Axis also supplies on-chain robotics networks: BitRobot on Solana and OpenRoboto on Bittensor.
Redefining Physical AI’s Data Foundation“The future of Physical AI isn’t a static dataset you download once,” said Chris Feng, founder of Axis Robotics. “It’s an engine that keeps producing the data the model needs next. Scale gets you broad coverage. Diversity keeps the noise unbiased. The closed loop turns every failure into progress. That’s what compounds.”
Axis was founded by researchers from UC Berkeley, CMU, Georgia Tech, and SJTU, alongside serial founders who have scaled consumer platforms to over 30 million users. Its research is advised by Jiachen Li, Assistant Professor at Georgia Tech.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Following its explosive August breakout, XRP is trying to create a stable bullish structure. Although the asset is currently trading comfortably above the major moving averages at $1.42, price action since the initial surge indicates that buyers are still having difficulty resuming the advance.
Support range for XRPRight now, the 200-day moving average is around $1.35, which is the most crucial level. Since late August, XRP has conducted numerous tests in this area without yielding a conclusive breakdown. Thus, $1.35–$1.36 is the main support range. This area is further strengthened by the 20-day moving average, which is also coming in from below at roughly $1.32. $1.45 is the initial resistance on the upside.
XRP/USDT Chart by TradingViewAnother attempt at $1.50–$1.55, where XRP previously encountered significant selling, could be opened by a clean daily close above it. The price spent very little time at the extreme wick toward $1.70, so it should not yet be considered established resistance. The momentum is still in favor.
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The RSI is currently at about 62, significantly lower than the overbought readings produced during the August breakout. As a result, XRP can continue to grow without becoming technically overheated.
Bulls currently benefit from consolidation above $1.35. The recovery would be significantly weakened if that level were lost, and $1.32 and then $1.23 would come into focus.
Solana stays aboveAfter gaining more than 3% during the current session, Solana has maintained one of the cleaner recovery structures on the chart, trading at about $106.50. SOL is currently trading above all of the major moving averages displayed, having recovered significantly from its June lows.
SOL/USDT Chart by TradingViewThe $108–$110 range is the current obstacle. Before going into consolidation, SOL hit about $110 during the late-August rally, and buyers have not yet been able to break that high. There would not be much technical resistance in the vicinity if the price continued to rise through $110.
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Support has emerged between $100 and $102, where buyers have been drawn in by a number of recent pullbacks. The next significant dynamic support is the rising 20-day moving average around $95.30 below that. Another significant structural level is the 200-day average of about $91.
Although there is still plenty of momentum, caution is advised. The RSI is close to 68, and the signal average is above 72. As a result, even though SOL has cooled since the initial breakout, it is once again approaching overbought conditions.
The overall setup continues to favor buyers as long as SOL stays above $100. While losing $100 could lead to a deeper retracement toward $95 and possibly $91, breaking $110 would reinforce the bullish continuation scenario.
Hyperliquid near $100With HYPE rising to about $89 after gaining more than 4% during the current session, Hyperliquid is still outperforming the overall market. The recent action continues the robust surge that started on August 18, when the value of the token was less than $60. The technical structure remains overwhelmingly bullish.
HYPE/USDT Chart by TradingViewThe price is currently far above all significant moving averages, and HYPE has continuously produced higher highs and higher lows. The longer averages are still centered around $64–$66, but the 20-day moving average has increased to about $76.91. At $56.47, the 200-day moving average is significantly lower.
The psychologically significant $90 area is now being tested by HYPE. The token would enter price discovery if there were a strong breakout above this level, with $92–$95 emerging as the next natural zone to watch. However, the gap between the price and its moving averages also reveals the extent of the rally.
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Right now, the RSI is at 68.5, which is slightly below the conventional overbought level. It is worth noting that momentum has somewhat decreased even as HYPE hits new highs, which increases the likelihood of consolidation but also leaves the door open to further upside.
The first significant support is located between $84 and $85. The rising 20-day average around $77–$80 would become significant below that. HYPE's overall bullish structure does not change unless it loses these levels.
Bitcoin stands under pressureAfter a strong breakout from about $63,000 in August, Bitcoin is still consolidating around $80,000. Although buyers have repeatedly failed to create a sustained move above $81,000, Bitcoin is currently trading close to $79,960.
Instead of a proven reversal, the current structure is more akin to high-level consolidation. Demand for Bitcoin has consistently been found between $77,000 and $78,000; the most recent surge briefly pushed the price above $81,000 before being rejected once more. $81,000–$82,000 is now the most immediate resistance range.
BTC/USDT Chart by TradingViewAdditionally, Bitcoin maintains a significant distance from its main moving averages. While the 200-day moving average is close to $72,638, the 20-day average has increased to about $75,124. Additional averages between $69,400 and $70,000 further support the overall improvement in market structure following the August breakout.
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Momentum is still high. After previously entering overbought territory, the RSI is currently close to 67. Although another strong move toward $82,000 might quickly push momentum back into overheated conditions, this gives Bitcoin some additional room to grow.
The strongest indication that the rally is resuming would be a daily breakout above $82,000, which could open up the $84,000–$85,000 area. The first crucial level of defense on the downside remains $77,000.
After its sharp breakout in August, XRP is working to establish a more stable bullish pattern. The asset is now trading at $1.42, comfortably above the key moving averages. Buyers, however, have struggled to extend the advance since the surge, with price action reflecting a period of sideways movement.
XRP holds above key supportThe 200-day moving average at $1.35 remains a crucial support level for XRP. Since late August, the price has tested this area multiple times without experiencing a clear breakdown. The primary support is found between $1.35 and $1.36, strengthened by the 20-day moving average near $1.32. On the upside, the initial resistance stands at $1.45.
A sustained close above $1.45 could set up a renewed attack on the $1.50 to $1.55 range, which previously proved to be a heavy resistance zone. The price only briefly touched the $1.70 level, and there is not enough trading history at that price to consider it established resistance. Overall, the momentum remains positive.
XRP’s RSI is currently at 62, lower than during the August breakout, leaving room for further growth without technical overheating.
Bulls are supported as long as XRP consolidates above $1.35. Losing this level could weaken the recovery, shifting focus to $1.32 and then $1.23.
Solana rallies as momentum buildsSolana (SOL) has shown one of the clearest recovery trends, gaining over 3% in the current session and trading around $106.50. SOL remains above key moving averages after rebounding strongly from the June lows.
The $108 to $110 range presents the current resistance. Solana previously tested $110 during the late August rally but has not succeeded in breaking above. If the price surpasses $110, technical resistance in the immediate vicinity will be limited. Meanwhile, recent pullbacks have found support between $100 and $102. The 20-day moving average, now at $95.30, provides additional support below, with the 200-day average at approximately $91.
SupportResistance$100–$102, $95.30, $91$108–$110SOL’s RSI is nearing 68, with the signal average at 72. While the coin has cooled off since its last surge, it is once again approaching technically overbought conditions.
The setup remains favorable for buyers if SOL holds above $100. Losing this threshold could trigger deeper retracement toward $95 or $91, while a move beyond $110 would reinforce the bullish scenario.
Hyperliquid continues its market outperformanceHyperliquid (HYPE) has climbed over 4% in the current session, reaching nearly $89 and maintaining its lead over broader market performance. The upward momentum follows a surge that began on August 18, when HYPE traded below $60.
The price remains well above all major moving averages. HYPE is showing a strong pattern of higher highs and higher lows, with the 20-day moving average now at $76.91 and the 200-day at $56.47. The longer-term moving averages are clustered between $64 and $66.
The psychologically significant $90 level is currently in play. A breakout above this point would push HYPE into price discovery, with the $92 to $95 area as the next focal point. The significant distance between the current price and moving averages highlights the strength of the ongoing rally.
HYPE’s RSI stands at 68.5, just below the conventional overbought benchmark, indicating strong upside potential but an increased chance of short-term consolidation.
The first notable support lies between $84 and $85, followed by the rising 20-day average in the $77 to $80 range. HYPE’s bullish trend remains intact unless these support levels are lost.
Mini dictionary: Hyperliquid is a decentralized finance (DeFi) protocol focused on providing liquidity and trading solutions for crypto assets, aiming to facilitate high-frequency trading and automated market-making on blockchain networks.
Bitcoin steadies in high rangeBitcoin continues to consolidate around $80,000 after a strong move up from the $63,000 level in August. Despite several failed attempts to break decisively above $81,000, Bitcoin trades close to $79,960, reflecting ongoing high-level consolidation rather than a trend reversal.
Support has been consistently reliable between $77,000 and $78,000, where increased demand has re-emerged after price pullbacks. The most recent rally briefly pushed Bitcoin above $81,000, but selling pressure quickly returned. Immediate resistance is now clustered between $81,000 and $82,000.
Bitcoin remains distant from its major moving averages. The 200-day moving average stands near $72,638, and the 20-day is up to $75,124. Additional support comes from averages in the $69,400 to $70,000 band, reflecting the overall strengthening of market structure since August.
Momentum indicators remain robust. The RSI is now near 67—still below overbought conditions but with potential for a renewed surge above $82,000 to quickly drive momentum higher. A daily breakout above $82,000 would likely open the path toward $84,000–$85,000. The $77,000 level remains the key support on the downside.
Solana recorded a significant increase in the distribution of real-world assets (RWAs), with the total value reaching $4.23 billion after a net gain of $348 million over the last 30 days. Figures released by the RWA Foundation place Solana at the forefront of RWA adoption among major blockchains, surpassing both Ethereum and Stellar in net growth.
Solana drives real-world asset expansionThe RWA Foundation, an industry-focused organization tracking tokenized real-world assets, reported the latest figures using data from RWA.xyz. These assets represent investments such as government bonds, private credit, investment funds, and equities that are digitized and made accessible through blockchain technology.
Solana’s distributed RWA value rose 11.13% over the period, far outpacing Ethereum’s 0.77% growth and Stellar’s 5.22% gain. Meanwhile, XRP Ledger’s RWA value fell by 5.51%, and Avalanche registered a 14.06% decline.
The RWA Foundation described Solana as “leading the pack,” noting that the net increase reflects new assets issued on Solana minus redemptions and inter-network transfers during the month, rather than trading volume or transaction count.
These numbers provide insight into the blockchain’s role in the growing market for tokenized real-world assets, distinct from the total value of assets on all platforms or the more familiar decentralized finance (DeFi) total value locked metric.
Mini dictionary: RWA Foundation – An independent entity tracking the adoption, distribution, and development of real-world asset tokenization across public blockchain networks.
Blockchain30-Day RWA Net ChangePercentage ChangeSolana$348 million+11.13%Ethereum—+0.77%Stellar—+5.22%XRP Ledger—-5.51%Avalanche—-14.06%These shifts reflect patterns in subscriptions, redemptions, and transfers among networks, as well as changes in underlying asset values, rather than just user transactions.
SOL price outlook and technical structureWith the backdrop of rapid RWA growth, Solana’s native token SOL traded near $103. Key support levels, formed by recent Fibonacci retracement points, have converged between $99.14 and $102.50, giving traders a clear zone to monitor for the next move.
Analysts at More Crypto Online highlighted that SOL remains in a corrective phase, with recent price action bouncing off the $98 level. The technical structure is described as an overlapping three-wave formation, part of an Elliott Wave corrective pattern rather than the start of a new bullish cycle.
RWA Foundation called Solana’s performance “leading the pack,” as the chain drew $348 million in new distributed real-world assets over the past 30 days, outpacing competitors and highlighting its growing presence in the tokenized assets market.
According to this interpretation, SOL could experience a rebound above the September 3 high before another drop completes the corrective pattern. Major resistance remains at $110, with a deeper supply zone identified between $146 and $152.
The immediate risk is a decisive drop below $90, which would invalidate recent bullish setups. Maintaining support above $98 is seen as crucial for bulls hoping to preserve the upward momentum from earlier this year.
Prominent trader TraderSZ reported increasing long positions in SOL but emphasized the need for the price to stay above $90 to keep the bullish structure intact. He also marked the previous quarter’s high near $98.39 as the key level to defend in the short term.
More Crypto Online suggested that SOL’s move remains corrective, with the possibility of an extended bounce, but a break below key support could open the door to a deeper pullback.
To challenge the next resistance at $110 and move toward the higher supply area, SOL must first establish a base above $98 and avoid further downside breaches.
Anonymous Cat ($ZCAT), a cat-themed memecoin on Solana, has handed its holders an unusually large payout.
How the Reward Mechanism Works According to the project's dashboard, approximately 2,320 ZEC has been distributed in total, now worth roughly $2.8 million. Wallets holding at least $20 worth of $ZCAT are eligible for these payouts.
However, the rewards are not guaranteed income.
Zcash's Surge Has Amplified Returns
Broader tailwinds have also supported the move.
$ZCAT itself has also seen sharp price action. The token gained 60% in 24 hours after Aster announced a $ZCAT perpetual listing, adding exchange momentum to an already active trading base.
Sources:
CoinDesk: This cat memecoin has paid holders $2.8 million in Zcash as ZEC tops $1,200
CoinMarketCap: Latest Zcash News and Market Insights
CoinGecko: Anonymous Cat (ZCAT) Price and Market Data
Solana, a major smart contract blockchain known for high throughput, is trading at approximately $106.50 after gaining 3.1% in the past 24 hours. This price recovery moves Solana close to the recent resistance area around $110, following a bounce from lows recorded in August near $75 to $80.
Transaction V1 prepares for mainnet launchSolana is set to introduce its Transaction V1 upgrade on September 9. This upgrade increases the maximum transaction size from 1,232 to 4,096 bytes, allowing developers to process more complex cryptographic operations such as zero-knowledge proofs and larger multisignature transactions within a single transaction.
Transaction V1 will allow 3.3 times more transaction space and can accommodate sophisticated functionalities like ZK proofs, BLS signatures, lengthy multisig processes, and confidential transfers, according to official Solana Foundation guidance.
The Solana Foundation, the organization supporting Solana’s ecosystem, explained that legacy and version 0 transaction formats will remain valid. Developers may select the V1 format only when their applications require larger transactions.
Address lookup tables are omitted from the new V1 format since up to 64 accounts can now be included directly within a transaction. The earlier formats retain their current approach for compatibility.
Testnet activation for Transaction V1 began on September 1 to help developers test and ensure system compatibility. Infrastructure providers are also updating their tools to handle the new transaction type efficiently.
Solana’s RPC clients, indexers, and pipeline applications must recognize and correctly process V1 transactions to prevent errors. Service providers like QuickNode have indicated that projects may require updated SDKs.
Mini dictionary: Zero-knowledge proofs (ZK proofs), a type of cryptographic protocol, enable verification of a statement’s validity without revealing the underlying data. This enhances privacy and scalability in blockchain applications.
Liquidity clusters and technical levelsCurrent technical data highlights two major liquidity concentrations above Solana’s market price. The nearest liquidity band is observed between $115 and $120, just above the recent $110 resistance. Should the price continue rising, reaching this cluster could trigger further volatility or possible reversals.
Liquidity ZonePrice RangeSignificanceNearest Cluster$115 – $120First major overhead liquidity, near recent resistanceLarger Pool$145 – $150Major upside cluster, prior resistance levelKey Support$90.46 – $94.83Main support zone for current structureA more significant liquidity cluster remains further overhead between $145 and $150. This region previously acted as a resistance, suggesting that any move into this area would likely encounter selling or increased volatility.
The liquidation heatmap shows where leveraged positions have built up, with major clusters currently located between $115 to $120 and in the $145 to $150 range. While such clusters do not guarantee price movement, they do outline potential zones for large market reactions.
Wave analysis and support levelsMarket analyst More Crypto Online described Solana as currently trading within a corrective wave 4 structure. Recent price movements exhibit overlapping three-wave patterns after rejecting from the $110 zone.
According to the analyst, the ongoing bounce could carry Solana above its September 3 high, acting as a B-wave, before another C-wave drop completes the correction. The crucial support area remains between $90.46 and $94.83. Sustaining this level is considered essential for a potential fifth wave upward once the correction finishes. A drop below $90.46 might lead to a deeper decline, invalidating the bullish configuration.
Changxin Technology: Will Initiate Dividend Plan Review at an Appropriate Time
Changxin Technology convened its 2026 first-half performance briefing. Independent director Chen Wuchao said in response to investor inquiries that global DRAM product sentiment has improved and prices have risen in H1 2026. Currently, the company remains in a critical investment phase focused on capacity expansion and technological upgrading, and will gradually deliver returns to shareholders while safeguarding necessary capital expenditures. As profitability continues to grow, the company will initiate the demonstration of its dividend plan in a timely manner in compliance with relevant laws and regulations.
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People's Bank of China increases its gold holdings for the 22nd consecutive month.
China's gold reserves stood at 76.73 million ounces (about 2,386.57 tons) at the end of August, up 650,000 ounces (around 20.22 tons) month-on-month. The People's Bank of China has been increasing its gold holdings for 22 consecutive months. (Jin10)
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According to monitoring by ai_9684xtpa, the smart money address yixie10, which deployed roughly $20 million into long ZEC positions, has expanded its cumulative ZEC trading profits to approximately $11.37 million. On September 4, when ZEC traded at around $985, this address held an unrealized profit of about $8.465 million. ZEC’s price has since risen by roughly 22%; if its position size remains unchanged, the unrealized profit is expected to further expand to around $10.34 million. Adding the previously realized profit of approximately $1.038 million, the address’s total gains from this single ZEC trade are likely to once again exceed $10 million.
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Hong Kong stocks closed, with the Hang Seng Index down 0.93% and Zhipu dropping 5.3%.
Hong Kong stocks closed lower, with the Hang Seng Index down 0.93% and the Technology Index falling 0.92%; Zhipu (02513.HK) dropped 5.3%.
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Administrative Measures for the Online Marketing of Financial Products will take effect on September 30: KOLs must hold valid certificates to work.
According to Caixin News, the "Administrative Measures for Online Marketing of Financial Products" jointly issued by the People's Bank of China and seven other government ministries will officially take effect on September 30, 2026. The regulation aims to clarify the boundaries between finance and technology, and does not impose a full ban on online live-stream sales of financial products; instead, it lays out specific guidelines and norms for marketing activities. It specifies that financial products promoted via official accounts, live streams, or short videos must be conducted on either the financial institution’s self-operated platform or accounts legally registered by the institution on third-party internet platforms. Additionally, marketers must be employees of financial institutions, hold relevant business qualifications, and obtain authorization from the financial institution. This means KOLs (Key Opinion Leaders, i.e., influencers and internet celebrities) who wish to promote financial products will need to "hold valid certificates to work".
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BonkGuy praised MEME in a post, leading to its price surging over 50% in a short period.
Prominent trader BonkGuy lauded the MEME token in a social media post, revealing he had missed the opportunity to buy it when its market capitalization was below $10 million, before it surged to $150 million in just a few hours. He opined that MEME could emerge as one of the most representative meme coins of this cycle, noting the emerging "crypto-stock meme" narrative remains in its early stages, with MEME at the heart of this new narrative. Following his remarks, GMGN market data shows MEME rallied over 50% in a short period, with its current market cap standing at approximately $133 million.
According to GMGN market data, today’s meme coin market continues rotating between Robinhood Chain and Solana, with capital rapidly switching between high-market-cap leading tokens and new narrative assets. Trading activity on Robinhood Chain remains centered on MEME, BONER, and PONS, while Solana’s meme space is driven by zec and STONK. On Robinhood Chain, PONS became the first token on the chain to challenge a $1 billion market cap yesterday, peaking at $990 million before consolidating at a high level. The meme coin is currently trading at ~$0.801, with a market cap of ~$802 million, a 15.4% 24-hour drop, and $136 million in 24-hour trading volume. MEME surged yesterday, hitting a market cap of ~$174 million before pulling back. It is now priced at ~$0.096, with a market cap of ~$96.5 million, a 118% 24-hour gain, and $108 million in 24-hour volume. BONER has rallied again, with its market cap briefly exceeding $80 million; GMGN data shows its all-time high market cap is ~$89.3 million. The meme coin is trading at ~$0.067, with a market cap of ~$67 million, a 114% 24-hour gain, and $31.3 million in 24-hour volume. Over on the Solana network, zec also boasts high trading activity, with its market cap briefly hitting ~$114 million. The meme coin is priced at ~$1,184, with a market cap of ~$113 million, an 11.8% 24-hour gain, and $90.5 million in 24-hour volume. zec is primarily tied to Zcash/ZEC-related narratives, drawing capital amid broader privacy coin trends and Solana meme coin momentum. Additionally, Solana’s STONK has also seen strong performance, with its market cap briefly hitting ~$191 million. The meme coin is priced at ~$0.165, with a market cap of ~$145 million, a 141% 24-hour gain, and $104 million in 24-hour volume. STONK is linked to the stonkfun ecosystem and stands as one of the most concentrated new trading hotspots on Solana in recent times.
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DeFi researcher Ignas posted on X that today’s crypto market shows signs of capital rotation from Robinhood Chain to Solana. Over the past 24 hours, Solana ecosystem tokens have posted strong gains: RAY rose roughly 60%, JUP gained 21%, ORCA climbed 12%, and MET increased 13%. By contrast, AI fell 11.5% while CASHCAT dropped 5.8%. Robinhood Chain’s meme coin sector as a whole declined around 16.5%. Meanwhile, cross-chain fund flow data shows Solana’s bridge recorded a net inflow of approximately $18.8 million over the past day, while Robinhood Chain saw a net outflow of $47.8 million. Though these bridge volumes remain small relative to the total value locked (TVL) of both chains, the capital shift may signal some traders taking profits on Robinhood Chain’s meme coins and shifting to Solana’s trading infrastructure tokens to continue participating in the related market rally. Notably, STONK — the launchpad token that pairs meme coins with tokenized stocks, fiat currencies and other assets — surged roughly 360% at one point today, emerging as a key market focus.
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Changxin Technology: Will Initiate Dividend Plan Review at an Appropriate Time
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US-listed Bitcoin (BTC) exchange-traded funds (ETFs) pulled in $986.9 million during the week ending September 4, according to SoSoValue data. Inflows into Ethereum (ETH), Solana (SOL), XRP (XRP), and Hyperliquid (HYPE) products fell between 73% and 96% that week.
Bitcoin funds lifted their weekly haul by 6.7%. The four other major product groups moved in the opposite direction after a strong showing the week before.
Altcoin Funds Give Back a Week of GainsThe week ending August 28 told the reverse story. Bitcoin ETFs took in $924.5 million that week, roughly half the $1.92 billion collected a week earlier.
Solana products jumped 443% to $153.9 million during that stretch. XRP funds climbed 178% to $110.5 million, and Hyperliquid funds reached $56.9 million.
Those gains vanished within five trading days. Solana ETFs took in $6.2 million, XRP funds took in $19 million, and Hyperliquid funds took in $12.3 million.
None of the five recorded a net outflow. The shift, therefore, points to slower buying rather than investors pulling capital out.
Trading activity cooled across the board, including in Bitcoin. Turnover in the Bitcoin funds dropped to $14.5 billion from nearly $19 billion, while Ethereum turnover fell to $4.1 billion.
Change in Weekly Spot ETF Net Inflows, Week Ending September 4 versus Week Ending August 28, 2026. Source: SoSoValue/BeInCryptoFollow us on X to get the latest news as it happens
Prices Refused to Follow the MoneySpot prices stayed narrow across all five assets. Bitcoin gained 2.58% over the five trading days to September 4.
Ethereum rose 1.09%. XRP added 3.02%, while Hyperliquid gained 5.76%.
Solana trailed the group with a 0.18% gain. Its fund assets slipped over the same stretch, to $1.41 billion from $1.43 billion.
Bitcoin opened Friday at its highest price since May 12. The move followed remarks from Federal Reserve Governor Christopher Waller about the coming inflation reading.
The August employment report then landed on the final day of the flow week. Payrolls rose 162,000 against a forecast near 53,000, and traders raised bets on a Fed hike this month.
That reading runs counter to the dovish signal that pulled money into Bitcoin funds on Thursday. The August inflation print, due September 11, will test how the flows hold up.
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Changxin Technology: Will Initiate Dividend Plan Review at an Appropriate Time
Changxin Technology convened its 2026 first-half performance briefing. Independent director Chen Wuchao said in response to investor inquiries that global DRAM product sentiment has improved and prices have risen in H1 2026. Currently, the company remains in a critical investment phase focused on capacity expansion and technological upgrading, and will gradually deliver returns to shareholders while safeguarding necessary capital expenditures. As profitability continues to grow, the company will initiate the demonstration of its dividend plan in a timely manner in compliance with relevant laws and regulations.
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Administrative Measures for the Online Marketing of Financial Products will take effect on September 30: KOLs must hold valid certificates to work.
According to Caixin News, the "Administrative Measures for Online Marketing of Financial Products" jointly issued by the People's Bank of China and seven other government ministries will officially take effect on September 30, 2026. The regulation aims to clarify the boundaries between finance and technology, and does not impose a full ban on online live-stream sales of financial products; instead, it lays out specific guidelines and norms for marketing activities. It specifies that financial products promoted via official accounts, live streams, or short videos must be conducted on either the financial institution’s self-operated platform or accounts legally registered by the institution on third-party internet platforms. Additionally, marketers must be employees of financial institutions, hold relevant business qualifications, and obtain authorization from the financial institution. This means KOLs (Key Opinion Leaders, i.e., influencers and internet celebrities) who wish to promote financial products will need to "hold valid certificates to work".
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BonkGuy praised MEME in a post, leading to its price surging over 50% in a short period.
Prominent trader BonkGuy lauded the MEME token in a social media post, revealing he had missed the opportunity to buy it when its market capitalization was below $10 million, before it surged to $150 million in just a few hours. He opined that MEME could emerge as one of the most representative meme coins of this cycle, noting the emerging "crypto-stock meme" narrative remains in its early stages, with MEME at the heart of this new narrative. Following his remarks, GMGN market data shows MEME rallied over 50% in a short period, with its current market cap standing at approximately $133 million.
A Fee Model That Divides the IndustryRobinhood Chain's gas fee structure has become the flashpoint for a broader argument about blockchain economics, drawing in the founding teams of Solana, Arbitrum, and BNB Chain.
The chain launched on July 1, 2026, built on the Arbitrum Orbit framework, and sends 10% of its net protocol revenue to the Arbitrum ecosystem while retaining the rest. During peak activity, the network collected $4.22 million in fees in a single day against roughly 10.4 million transactions, working out to about $0.40 per transaction. At its peak, Robinhood Chain's fee generation annualized at approximately $42 million.
Solana co-founder Anatoly Yakovenko fired the opening shot, publicly criticizing Robinhood Chain's fee model and arguing that the brokerage's decision to earn revenue from network congestion is a flawed business approach. Yakovenko argued that Robinhood's 10% revenue share with Arbitrum could have covered Solana transaction fees four times over, potentially allowing Robinhood to offer gasless transactions.
Goldfeder Defends the Arrangement, BNB Chain Broadens the DebateOffchain Labs co-founder Steven Goldfeder pushed back directly. He argued that Robinhood chose Arbitrum so they could be a landlord and not a tenant, pointing out that on Arbitrum, Robinhood keeps 90% of gas fees, whereas on Solana they would retain zero and any fees they subsidized would come out of pocket. Robinhood Chain routes 10% of net protocol revenue to the broader Arbitrum ecosystem, with eight percentage points going to the Arbitrum DAO and two supporting its developer guild funding program.
BNB Chain's Executive Director of Growth, Nina Rong, used the debate to make a wider point. She argued that sustainable business models should now take priority, shifting attention from the immediate cost of transactions to the financial structures supporting network development, and that doing so for another five years requires a solid commercial structure.
The dispute cuts to a fundamental question for the industry. At stake is a philosophical rift about whether blockchain infrastructure should function as a revenue engine for the app sitting on top, or whether fees should flow to the validators keeping the network secure. Yakovenko's argument is really about which model should become the default for traditional finance firms building on crypto rails. If Robinhood's approach becomes the template, other brokerages entering crypto will likely treat their own Layer 2 as a revenue line first and a public network second.
Key Highlights SOL maintains its position around $103 following a successful recovery above the $98 support threshold Bulls are preparing to challenge the $110 resistance zone as the next critical price target Strong support foundation exists between $90.46 and $94.83 for potential downside protection Solana dominated blockchain networks by capturing $348 million in net RWA inflows during the past month The network’s distributed RWA value climbed to $4.23 billion, serving 398,644 holder addresses Solana currently hovers around the $103 price point after successfully reclaiming ground above the $98 threshold that previously served as a barrier. This bounce has preserved the near-term bullish framework, though market analysts emphasize that current movement remains part of a corrective consolidation rather than a fresh trending impulse.
Solana (SOL) Price Technical analyst More Crypto Online interprets the present price behavior through the lens of Elliott Wave theory as a Wave 4 correction. The formation displays multiple overlapping three-wave sequences, which characteristically indicate consolidation periods instead of decisive directional momentum. SOL maintains the potential to climb beyond its September 3 peak as part of a B-wave rally before eventually completing the corrective pattern with a C-wave downturn.
Multiple Fibonacci retracement support zones are tightly packed below the current trading range at $102.50, $101.51, $100.53, and $99.14. These price points provide traders with well-defined monitoring levels for potential bounces.
Breaking Through $110 Becomes Critical Objective The immediate challenge confronting Solana bulls is the resistance cluster surrounding $110. This zone recently turned back SOL’s advance and represents the barrier that must be definitively breached to establish a more convincing bullish case.
Market analyst TraderSZ has expanded his long exposure to SOL and pinpointed $90 as the invalidation threshold for his position. His outlook anticipates another upward trend leg provided price action sustains levels above $98.39, which corresponds to the previous quarterly peak.
Should buyers successfully drive SOL past $110 with strong momentum, the subsequent resistance band emerges considerably higher within the $146–$152 range.
Trader Don 🐂 (@DonWedge) shared his perspective on X platform, stating that $SOL is targeting $170, expressing optimism rooted in Solana’s expanding presence within real-world asset infrastructure.
Solana Dominates Real-World Asset Network Rankings Solana captured $348 million in net real-world asset capital flows during the most recent 30-day measurement window, surpassing every other monitored blockchain platform. This substantial influx pushed the network’s total distributed RWA value to $4.23 billion.
By comparison, Ethereum registered a modest 0.77% gain during the identical timeframe, while Stellar posted a 5.22% increase. Meanwhile, XRP Ledger experienced a 5.51% decline and Avalanche saw a 14.06% decrease.
The tokenized product ecosystem on Solana encompasses BlackRock’s BUIDL fund, Franklin Templeton’s BENJI token, VanEck’s VBILL, along with products from Ondo Finance and WisdomTree. These offerings primarily consist of Treasury securities and money market instruments accessible to qualified institutional participants.
The reported $4.23 billion figure reflects distributed RWA value across the network rather than direct protocol revenue or assets under Solana Foundation management.
SOL continues trading in the vicinity of $103 with the $98 level serving as the critical support threshold that must be defended.
Fomo generated $1.76 million on Friday, beating Pump.fun’s $1.1 million, though the memecoin launchpad remains ahead over 30 days.
Social trading platform Fomo generated more daily revenue than memecoin launchpad Pump.fun on Friday.
Fomo generated $1.76 million in daily revenue on Friday, compared with Pump.fun’s $1.1 million, according to DefiLlama data.
Pump.fun remains ahead over longer periods. It generated more than $57 million over the past 30 days, compared with $17.6 million for Fomo.
Fomo combines cryptocurrency trading with social features resembling a social media feed. The platform allows users to view other users’ trades.
In June, Fomo closed a $75 million Series B round led by Index Ventures, valuing the social trading app at $550 million.
The company said more than 68,000 users made their first cryptocurrency purchase on the platform using Apple Pay, accounting for about $25 million in transaction volume.
Fomo also expanded its offering beyond spot trading this year. On June 11, it launched perpetual futures contracts powered by Hyperliquid for users outside the US.
The company said on June 2 that it had paid users more than $2 million in referral fees.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Fomo generated $1.76 million on Friday, beating Pump.fun’s $1.1 million, though the memecoin launchpad remains ahead over 30 days.
Social trading platform Fomo generated more daily revenue than memecoin launchpad Pump.fun on Friday.
Fomo generated $1.76 million in daily revenue on Friday, compared with Pump.fun’s $1.1 million, according to DefiLlama data.
Pump.fun remains ahead over longer periods. It generated more than $57 million over the past 30 days, compared with $17.6 million for Fomo.
Fomo combines cryptocurrency trading with social features resembling a social media feed. The platform allows users to view other users’ trades.
In June, Fomo closed a $75 million Series B round led by Index Ventures, valuing the social trading app at $550 million.
The company said more than 68,000 users made their first cryptocurrency purchase on the platform using Apple Pay, accounting for about $25 million in transaction volume.
Fomo also expanded its offering beyond spot trading this year. On June 11, it launched perpetual futures contracts powered by Hyperliquid for users outside the US.
The company said on June 2 that it had paid users more than $2 million in referral fees.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Solana maintained its position near $103 following a recent recovery above the $98 support level, signaling resilience in a period of market consolidation. Analysts suggest that the current trading activity remains within a corrective phase, rather than starting a new upward trend.
Technical overview and key price levelsMore Crypto Online, a technical market analyst, described the present SOL price movement as a Wave 4 correction under Elliott Wave analysis. This scenario typically involves a complex consolidation, featuring several overlapping three-wave structures. According to this perspective, Solana could see a short-term B-wave bounce above its September peak before the correction potentially continues with a C-wave decline.
Key Fibonacci support levels are present at $102.50, $101.51, $100.53, and $99.14. These points serve as prominent markers for market participants tracking possible price rebounds or further downside.
Technical analysts see Solana’s trading activity as a consolidation phase, observing that, “the formation displays multiple overlapping three-wave sequences, characteristically indicating consolidation periods instead of decisive directional momentum.”
Support between $90.46 and $94.83 has established a foundation for bulls, providing a buffer against potential declines in the near term.
On the upside, sustained movement above $98.39—which coincides with the previous quarter’s high—is considered bullish by many traders.
Analyst perspectives: Resistance and future price targetsThe $110 resistance band remains a focal point for bulls as Solana attempts to confirm a new upward trajectory. This area previously halted upward momentum, marking it as a critical obstacle in establishing stronger gains if breached.
TraderSZ, a well-followed analyst, reported increasing his long position in SOL, identifying $90 as the key invalidation mark for his outlook. He expects another upward push if prices remain above $98.39.
TraderSZ indicated confidence in continued upward movement as long as SOL avoids a clean break below $90, stating, “We have added a little more to SOL longs here, system expects another trend leg up soon.”
If SOL manages to close decisively above $110, the next major resistance is projected in the $146 to $152 area.
Another market commentator, Trader Don, has highlighted a longer-term goal, noting that $SOL is eyeing a move to $170, backed by expanding demand for real-world asset (RWA) infrastructure built on Solana.
Solana’s RWA momentum outpaces rivalsSolana attracted $348 million in net real-world asset inflows over the past month, outpacing other leading blockchain networks in this sector. This activity boosted Solana’s total distributed RWA value to $4.23 billion, making it the top-performing network in recent institutional capital flows.
By comparison, Ethereum’s distributed RWA value rose by 0.77%, while Stellar gained 5.22%. XRP Ledger recorded a 5.51% decline, and Avalanche decreased by 14.06% in the same time frame.
Blockchain NetworkNet RWA Inflows (30 days)30-Day Percentage ChangeSolana$348 millionN/AEthereumN/A+0.77%StellarN/A+5.22%XRP LedgerN/A-5.51%AvalancheN/A-14.06%The Solana blockchain currently supports a growing ecosystem of tokenized financial products, including BlackRock’s BUIDL fund, Franklin Templeton’s BENJI token, VanEck’s VBILL, and offerings from Ondo Finance and WisdomTree. These products are focused primarily on institutional investors, providing access to tokenized Treasury securities and money market assets.
Mini dictionary: Real-world asset (RWA) tokenization is the process of representing ownership of traditional financial assets, such as bonds or funds, on a blockchain. This allows improved liquidity, transparency, and efficiency for institutional participants.
The reported $4.23 billion refers to the total distributed value of these tokenized assets on Solana, rather than protocol revenue or amounts managed by the Solana Foundation itself.
As the market digests these developments, SOL remains steady around $103, while the $98 level has emerged as a key threshold for short-term traders.
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Raydium, a decentralized exchange (DEX) in the Solana ecosystem, announced that its LaunchLab now supports trading for any token pair on the platform. This upgrade brings a flexible trading pair mechanism directly to the Solana ecosystem, delivering deeper liquidity, lower transaction fees, and a more favorable market environment for meme coin trading.
Raydium has expanded LaunchLab to support trading between any token pair, with LaunchOnSF’s StonkFun becoming the first integration to use the new system on Solana.
Summary
Raydium LaunchLab now allows newly launched tokens to be paired with any supported quote token on the platform. StonkFun has become the first integration to use the new model after changes to Raydium programs, aggregators and trading terminals. StonkFun said deployment costs have fallen to 0.03 SOL from 0.29 SOL, while liquidity fees can be directed back into liquidity. The upgrade expands LaunchLab more than a year after Raydium introduced the platform following Pump.fun’s move to its own PumpSwap exchange. According to Raydium’s Sept. 7 announcement on X, LaunchLab can now pair a newly launched token with any quote token supported through Raydium, removing the fixed pairing structure used by many token launch platforms. Raydium said the upgrade brings more flexible token pairing, deeper liquidity and lower fees for memecoin trading.
LaunchLab now supports any token pair on Raydium.
The upgrade brings flexible pairing directly to Solana, with deeper liquidity, lower fees, and stronger meme-native trading.@LaunchOnSF is the first integration partner to bring the model live on LaunchLab. pic.twitter.com/c3NFuYCRWI
— Raydium (@Raydium) September 6, 2026 LaunchOnSF confirmed that its StonkFun platform is the first integration partner to bring the feature live. Its team spent the previous week preparing the integration, which required changes across Raydium’s programs, trading terminals and aggregators before custom quote tokens could be supported.
Raydium LaunchLab now supports custom token pairs Under the new system, creators can select the quote token used for a LaunchLab deployment, allowing communities to build markets around assets other than the standard quote tokens commonly used for new Solana launches.
Raydium described the feature as the ability to launch “any token, paired with any quote token.” LaunchOnSF said Raydium updated its programs to accommodate custom quote and reward tokens, while aggregators and trading terminals needed to support routing for the resulting pairs.
The integration covers permissionless deployments, bonding curves and constant product market maker pools. LaunchOnSF said deployment costs through StonkFun have been reduced to 0.03 SOL from 0.29 SOL, while liquidity provider fees can be directed back into liquidity.
Developers do not have to use the StonkFun API to deploy tokens and can construct transactions themselves. LaunchOnSF said the system was built to reduce problems it had encountered with snipers and launches concentrated in a single wallet.
Ahead of the integration, StonkFun reported more than $392 million in total trading volume, including roughly $219 million routed through Raydium. The platform had generated $1.21 million in revenue and distributed more than $5.35 million in rewards to ecosystem holders.
More than $705,000 had been spent on buybacks and burns of its ecosystem token, while another $68,000 went toward buying and burning tokens from its 10 largest ecosystem projects, according to figures published by LaunchOnSF.
LaunchLab followed Pump.fun’s move away from Raydium Raydium first disclosed LaunchLab in March 2025 after Pump.fun began working on its own automated market maker. The platform offered creators different pricing curves and allowed third party interfaces to build on the underlying infrastructure and set their own transaction fees.
Crypto.news previously reported on Raydium’s LaunchLab plans in March 2025. An anonymous Raydium developer said at the time that the product had been under development for several months but had initially been kept on the sidelines while Pump.fun continued using Raydium for liquidity.
LaunchLab officially went live in April 2025, allowing users to create, customize and trade tokens through Raydium. Projects crossing the original 85 SOL threshold were automatically moved into Raydium’s automated market maker.
Raydium introduced customizable bonding curves, no migration cost and a 1% trading fee under the initial model. The protocol said 25% of trading fees collected through LaunchLab would be used to buy back RAY.
More than 10 projects had passed the 85 SOL threshold shortly after LaunchLab opened, while RAY rose roughly 13% following the launch before giving back part of the move.
LaunchLab arrived after Pump.fun changed a relationship that had directed a steady flow of newly created memecoins toward Raydium.
Tokens launched through Pump.fun had historically moved into Raydium liquidity pools after completing their bonding curves. Pump.fun began testing its own automated market maker in February 2025, opening a path for graduated tokens to remain inside its own trading infrastructure.
PumpSwap ended Pump.fun’s reliance on Raydium Pump.fun formally moved away from the previous setup when it launched the PumpSwap DEX in March 2025.
Built around a constant product automated market maker similar to Raydium v4 and Uniswap v2, PumpSwap allowed tokens completing Pump.fun bonding curves to migrate directly to its own liquidity pools. Users could create pools, provide liquidity and trade tokens without sending graduated launches to Raydium.
PumpSwap introduced instant migrations and removed the six SOL migration fee previously associated with the process. The platform initially charged 0.25% on trades, allocating 0.20% to liquidity providers and 0.05% to the protocol.
Trading activity climbed quickly. PumpSwap captured 21% of Solana DEX trading about a week after launch, with cumulative volume exceeding $1.2 billion. Raydium remained ahead with a 57.4% share at the time.
By March 30, PumpSwap had recorded $2.43 billion in volume, alongside $5.4 million in protocol fees, around 700,000 active wallets and 30.59 million swaps. Raydium accounted for 74% of Solana DEX volume on that date, compared with PumpSwap’s 8%.
Raydium had entered the contest from a strong position in memecoin trading. A CEX.io report showed its memecoin volume share rising from 77% to 83% during the first quarter of 2025.
Pump.fun was responsible for more than half of daily SPL token creation at the time, with tokens previously flowing into Raydium after meeting Pump.fun’s graduation requirements. That pipeline changed once PumpSwap began taking the migrations directly.
Raydium remains a major Solana trading venue Despite heavier competition among Solana exchanges and launchpads, Raydium has remained one of the network’s largest execution venues.
Across 2025, the protocol processed $352.8 billion in execution layer DEX volume. Meteora followed with $113.7 billion, while Orca and SolFi recorded $103.9 billion and $97.9 billion, respectively.
More recent activity has remained spread across several Solana venues. On Aug. 21, 2026, Solana generated approximately $2.8 billion in daily decentralized exchange spot volume. PumpSwap processed roughly $485 million, followed by BisonFi at $466 million, Orca at $307 million, Raydium at $260 million and Manifest at $218 million.
The five platforms together accounted for approximately $1.74 billion of the network’s daily total.
LaunchLab’s latest update changes the type of markets that can be created through Raydium’s launch infrastructure. Instead of requiring creators to launch against a predetermined quote asset, StonkFun deployments can select another supported token and carry that pairing through the bonding curve and subsequent liquidity setup.
Raydium ecosystem contributor Infra said the structure lets a community pair a meme token with another asset its users already follow and use the same asset for rewards. LaunchOnSF became the first partner to put that model into production through StonkFun following the Sept. 7 rollout.