The Hyperliquid (HYPE) token continues to gain traction, with bullish sentiment strengthening as institutional interest, staking activity, and significant whale accumulation lend support to the price action. At press time, HYPE trades at $85.36 with a 24-hour trading volume of $793.73 million and a market capitalization of $21.47 billion, having risen 1.36% within the last day.
Whale accumulation and staking activityA large investor known for operating the wallet “0x6436” has recently acquired 343,000 HYPE tokens valued at approximately $29.09 million, according to on-chain data shared by the market watcher Lookonchain. This move increases the whale’s position to 3.24 million HYPE tokens, collectively worth around $252 million.
Lookonchain added that this wallet has staked its entire HYPE holdings, indicating a long-term commitment to the project rather than seeking short-term gains. The ongoing accumulation by this major holder has drawn attention among traders, raising confidence in the token’s outlook.
Lookonchain emphasized that the magnitude of accumulation reflects substantial belief in HYPE’s long-term prospects, particularly since the tokens are now held in staking rather than entering the market for sale.
Mini dictionary: Lookonchain is a cryptocurrency analytics platform that tracks large transactions, whale holdings, and on-chain activity to provide insights into market dynamics.
Technical indicators and analyst outlookTechnical analysis on TradingView reveals an ongoing uptrend for HYPE, which climbed to $85.66 after recovering from a low near $50.00. The token is currently supported by a bullish alignment of exponential moving averages, with the 20 EMA at $78.29, the 50 EMA at $70.24, the 100 EMA at $64.14, and the 200 EMA at $56.11. This sequence signals continued positive momentum in the near term.
The MACD technical indicator shows a reading of 6.07, slightly above the signal line at 6.06, with green histogram bars indicating ongoing buyer strength. The price remains above all key moving averages, reinforcing the bullish trend.
Moving AverageLevel20 EMA$78.2950 EMA$70.24100 EMA$64.14200 EMA$56.11Crypto analyst Hov has underlined that the HYPE token’s rally produced notable gains for various entry points. Early buyers at $26 have seen approximately 240% returns, while positions taken near $55 are up over 50%.
ETF inclusion and institutional exposureRecent data from Hyperliquid Daily shows that HYPE has debuted in the Nasdaq Crypto Index US ETF, managed by Hashdex, a crypto asset management firm. This marks HYPE’s first inclusion in a US-listed crypto exchange-traded fund (ETF).
With a 3.4% allocation, HYPE is now the fifth largest holding in the fund, following Bitcoin, Ethereum, XRP, and Solana. The addition comes as the fund adjusts its holdings composition, reflecting a decreased weighting for Bitcoin and the inclusion of new assets as they grow in size and liquidity.
For Hyperliquid, the appearance in such a product could signal rising credibility and broader visibility among institutional and traditional investors. The project, initially focused on decentralized perpetual markets, now expands its presence as more investment vehicles take note.
Future changes in HYPE’s ETF allocation are likely to depend on continued growth and liquidity development in the protocol itself.
Inclusion in the Nasdaq Crypto Index US ETF positions HYPE closer to established cryptocurrencies as institutional interest accelerates.
The next directional move for the HYPE price will depend on buyers’ ability to sustain gains above key resistance points. While signs point to continued bullish momentum, profit-taking and volatility may follow after the recent sharp advance. If buyers maintain support, a breakout could drive prices toward the $105 target noted in technical setups.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Hargreaves Lansdown, the UK’s largest retail investment platform, has opened crypto ETN trading to eligible investors, adding Bitcoin and Ethereum-linked exchange-traded notes to a platform used by millions of retail savers. The move, which took effect in early September 2026, comes nearly a year after the Financial Conduct Authority lifted its ban on retail crypto ETNs and roughly eleven months after the firm first signalled plans to enter the market. For Hargreaves Lansdown, the launch marks a significant step beyond its traditional funds, shares and pensions business into digital-asset exposure delivered through regulated stock-exchange instruments.
How the Crypto ETN Offering Works Unlike buying cryptocurrency directly, investors on the platform hold listed instruments that track the price of bitcoin or ether without needing a crypto wallet or private keys. The underlying assets are held by a regulated custodian, and the notes trade like ordinary shares on the London Stock Exchange. Access is not universal: Hargreaves Lansdown restricts the product to certified high-net-worth individuals and restricted investors who intend to commit less than 10% of their net assets, and every buyer must first pass an appropriateness assessment. An FCA-required 24-hour cooling-off period also applies before any trade can be completed.
From Caution to Adoption The launch reverses a long-running cautionary stance. The platform had previously steered clients away from direct crypto exposure, but the regulator’s decision to permit crypto ETNs for professional and eligible investors cleared a path for established brokers to participate. Hargreaves Lansdown is not alone in treating these products as a bridge: 21Shares earlier brought the first crypto ETNs to the London Stock Exchange, laying the groundwork for mainstream platforms to follow. The firm’s own materials emphasise the risks, warning that the notes are not covered by the Financial Services Compensation Scheme and that investors should be prepared to lose all of their money.
What It Signals for UK Crypto Access For British investors, the launch is the latest sign that regulated crypto exposure is moving from specialist exchanges toward familiar investment platforms. It follows broader efforts to give UK savers a compliant route into digital assets, even as policymakers continue to shape a new UK crypto framework and tax reporting requirements tighten. By making crypto ETNs available alongside its conventional offerings, Hargreaves Lansdown is betting that a custodial, stock-market wrapper will appeal to investors who want price exposure without the operational burden of managing keys.
AUTHOR
Jide Idowu is a skilled freelance writer with expertise in blockchain technology, cryptocurrency, and digital finance. Known for his ability to break down complex topics into clear, engaging content, Jide crafts articles, blog posts, and analyses that resonate with both beginners and seasoned professionals. His work spans a wide range of subjects, from emerging crypto trends to in-depth explorations of blockchain innovations. With a keen eye for detail and a passion for educating readers, Jide is a reliable voice in the rapidly evolving world of digital assets.
Mellody Hobson opens the Lucas Museum of Narrative Art in Los Angeles on September 22 with her husband. The privately funded project cost roughly $1 billion.
Hobson co-chairs the museum’s board. She co-runs Ariel Investments and holds a seat on the JPMorgan Chase board, where she also serves on the risk committee.
The Wall Street Half of the Museum Sits on JPMorgan’s BoardHobson joined the JPMorgan board in 2018. She has served as co-CEO of Ariel Investments since 2019, after serving as president from 2000. Meanwhile, the bank she helps oversee has turned into one of the loudest institutional voices in digital assets.
JPMorgan’s blockchain unit, Kinexys, has processed more than $3 trillion since its inception. It now averages over $5 billion in daily volume. This year, the bank opened its JPM Coin deposit token, JPMD, to institutional clients on Base, the Ethereum layer-2 network built by Coinbase.
South Korea’s KB Kookmin Bank said in July it would start routing dollar trade payments over JPMorgan’s Kinexys network in August. As a result, the risk committee Hobson sits on covers a lender that already settles billions onchain. Strategy meanwhile ranked JPMorgan behind Fidelity in its Bitcoin banking index.
The Lucas Museum Hides a Banksy Gallery UpstairsLucas built the collection around storytelling rather than abstraction. Visitors will find Frida Kahlo and Norman Rockwell works beside Luke’s landspeeder and General Grievous’s wheel bike. The building holds more than 1,300 pieces and 30,000 comic books.
Curators added two walls of Banksy works to the fifth-floor murals gallery at the last minute. One carries the silhouette of a girl releasing a heart-shaped balloon. The same gallery also holds works by Diego Rivera, Judith Baca and JR.
Lucas chased sites in San Francisco and Chicago for more than a decade before Los Angeles agreed. Hobson now straddles both worlds. One holds Star Wars props, the other decides how fast big banks move tokenized money.
Ethereum is getting a new transaction primitive that could reshape how wallets, dApps, and smart contracts interact with the network. EIP-8141 introduces what’s called a “Frame Transaction,” a single transaction that can be broken into up to 64 programmable sub-units called frames, each capable of performing distinct operations within one atomic execution.
The proposal, co-authored by Vitalik Buterin and several core contributors, was first put forward on January 29, 2026. It has since been moved to “Scheduled” status for inclusion in the 2027 Hegotá hard fork.
What frame transactions actually do The new transaction type, designated 0x06, lets each frame operate in one of three modes. DEFAULT handles standard transaction deployment. VERIFY runs read-only validation, useful for checking conditions without changing state. SENDER executes in the context of the transaction’s sender, enabling patterns that previously required deploying dedicated smart contract wallets.
Each frame carries an intrinsic cost of 12,000 gas plus 475 gas per frame. For context, a basic Ethereum transfer today costs 21,000 gas, so the overhead per frame is relatively modest considering the functionality it unlocks.
The proposal also introduces several new opcodes. The APPROVE opcode (0xaa) handles authorization logic, while a suite of TXPARAM, FRAME, and SIG opcodes give developers granular control over how frames reference each other, pass parameters, and verify signatures.
Why this matters: native account abstraction without the workarounds The ecosystem has been building toward account abstraction through proposals like ERC-4337, which created an “alternative mempool” for account-abstracted transactions without changing the protocol itself. EIP-7702 took a different approach, allowing EOAs to temporarily delegate to smart contract code. ERC-4337 adds infrastructure complexity with bundlers and paymasters. EIP-7702 requires persistent delegation setups.
EIP-8141 takes a third path by baking these capabilities directly into the transaction format. A single frame transaction can include a verification step, an approval, and an execution, all without requiring the user to deploy a smart contract wallet or rely on third-party bundler infrastructure.
The proposal explicitly complements rather than replaces EIP-7702 and ERC-4337. Developers who’ve already built on those standards won’t need to rip anything out.
Gas sponsorship and atomic batching With frame transactions, a third party can cover gas costs within the same transaction structure. A dApp could onboard new users who hold zero ETH by sponsoring their first interactions, all without external relayer networks or off-chain signature schemes.
Atomic batching allows bundling approve-and-swap into a single atomic operation: either everything executes or nothing does, eliminating the current risk where a successful approval and a failed swap leaves a contract authorized to spend tokens.
ERC-20 fee payment is another notable inclusion. Users could pay transaction fees in stablecoins or other tokens rather than ETH, with a frame handling the conversion or payment logic inline.
Users can also create temporary, purpose-specific accounts for individual transactions without deploying persistent smart accounts or setting up delegation.
Post-quantum implications and long-term positioning Frame transactions create a natural structure for introducing post-quantum signature schemes. Because each frame can carry its own signature verification logic, the network could support quantum-resistant algorithms alongside existing ECDSA signatures without requiring a hard switch.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The token issued by Pons has accounted for 73.5% of the total trading volume across all of Robinhood’s issuance platforms.
Robinhood’s token launch platform Pons stated in a post that its pace is not slowing. Over the past 24 hours, tokens issued on Pons accounted for 73.5% of the total trading volume across all of Robinhood’s launch platforms. Separately, Dune data shows that among other token launch platforms in the Robinhood ecosystem, noxa.fun holds an approximately 18.2% share, followed by long.xyz and pool.trade.
9 minutes ago
Grok Video Agent upgraded to version 1.5: Integrated with Image 2.0, multi-shot continuity enhanced
Beating AI News Flash: Grok Imagine’s video creation agent has been upgraded to version 1.5. This update is often confused with Grok Imagine Video 1.5, which launched in June. The June update revised the underlying video model, while this upgrade targets the agent layer. Grok Imagine Video 1.5 was officially released in June. The new agent version integrates the latest Image 2.0, with key improvements to generation quality, narrative coherence, and multi-shot continuity. Grok states that it excels at connecting multiple shots to ensure more consistent frames. It is now available on Grok’s web platform, iOS, and Android. In Arena’s Text-to-Video leaderboard, grok-imagine-video-1.5-agent currently ranks 5th with a score of 1491, outperforming Seedance 2.5, Seedance 2.0, and MiniMax H3. However, the result remains preliminary, and the ranking may change.
9 minutes ago
Ansem has been repeatedly pumping ZCAT, the meme token linked to ZEC's dividend, whose market cap has surged past $92 million to a new all-time high.
Crypto trader Ansem has been repeatedly hyping Solana-based meme token ZCAT (Anonymous Cat). He stated: "Some say if it’s on Solana, its market cap will never reach $100 million. Well, just keep watching. Let’s win." According to GMGN data, ZCAT’s market cap briefly exceeded $92 million, hitting a new all-time high, surging over 330% in 24 hours, with 24-hour trading volume standing at $3.6 million. ZCAT is a cat-themed meme token built on Solana, inspired by Zcash (ZEC)’s privacy concepts, featuring an anonymous cat mascot wearing a brown paper bag on its head. It uses a ~3% transaction and transfer tax to purchase and airdrop bridged Zcash (ZEC) on Solana to its holders. BlockBeats reminds users that most meme coins lack practical use cases, are highly volatile, and investors should exercise caution.
9 minutes ago
Cathie Wood: Bitcoin is gradually decoupling from gold's price trend.
ARK Invest founder Cathie Wood (affectionately known as "Woodie" in financial circles) noted that August non-farm payroll data shows the U.S. economy remains highly resilient. Markets may interpret the strong jobs figures as a sign of rising inflationary pressure, leading to further bets on the Federal Reserve tightening policy, but they are overlooking more critical shifts. While the U.S. headline inflation rate still stands at 3.7%, other inflation metrics are closer to the 2% target, and oil prices could even fall to around $30 per barrel. U.S. stocks continue hitting record highs amid rising interest rates, corporate capital spending has broken through a growth bottleneck that has persisted for over two decades, and Bitcoin is gradually decoupling from gold’s price trends. These phenomena are not mutually independent. As more companies adopt artificial intelligence, AI-related firms are creating jobs at a faster pace, and technological advances could simultaneously boost productivity and reduce costs. These signals point to stronger real economic growth and the emergence of powerful "tech-driven deflation." Current markets are still pricing based on traditional economic models, but a new economic system driven by AI and emerging technologies is taking shape rapidly.
9 minutes ago
WLFI advisor Ogle is the actual top holder of PONS, holding 15.28 million PONS at an average price of $0.1.
According to EmberCN's monitoring, WLFI advisor ogle's PONS holdings are not the 10.96 million units shown on FOMO, but 15.28 million units valued at $13.92 million. He also holds 4.32 million PONS in another address, worth $3.86 million. Ogle is actually the top PONS whale, having accumulated a total of 15.28 million PONS at an average price of $0.1 per unit, with an unrealized profit of $13.77 million, marking an 87x gain. The relevant addresses are: 0x1Bcc5f67CD17e13770F199fA03bC043b0cde1143; 0x825F23921dCFf36944d8B0b0CA23ac7D05fB86cB
9 minutes ago
OpenAI Simultaneously Recruits Schumer’s Daughter and Veteran Republican Operative to Focus on U.S. State AI Policies
From Beating AI Express News: OpenAI has appointed three new state-level policy heads, with Jessica Schumer drawing the most attention. She is the daughter of US Senate Minority Leader Chuck Schumer, previously served as chief of staff at the Obama administration’s Council of Economic Advisers, and later led Amazon’s public policy work in New York. At OpenAI, she will oversee policy and partnerships in the US Northeast. Another new hire, Caulder Harvill-Childs, previously worked in public policy at Meta and also served Republican Georgia House Speaker Jon Burns; he will now be responsible for the US Southeast. Thomas MacLellan will handle state-level cybersecurity policy, with prior experience at firms including Palo Alto Networks, Symantec, and FireEye. OpenAI is shifting more focus to US states, a strategy it terms "reverse federalism": instead of waiting for Congress to enact uniform legislation, it is pushing major states like California and New York to adopt similar AI rules, eventually forming de facto national standards. OpenAI publicly noted that California, New York, and Illinois have already started aligning on frontier AI safety rules.
The token issued by Pons has accounted for 73.5% of the total trading volume across all of Robinhood’s issuance platforms.
Robinhood’s token launch platform Pons stated in a post that its pace is not slowing. Over the past 24 hours, tokens issued on Pons accounted for 73.5% of the total trading volume across all of Robinhood’s launch platforms. Separately, Dune data shows that among other token launch platforms in the Robinhood ecosystem, noxa.fun holds an approximately 18.2% share, followed by long.xyz and pool.trade.
9 minutes ago
Grok Video Agent upgraded to version 1.5: Integrated with Image 2.0, multi-shot continuity enhanced
Beating AI News Flash: Grok Imagine’s video creation agent has been upgraded to version 1.5. This update is often confused with Grok Imagine Video 1.5, which launched in June. The June update revised the underlying video model, while this upgrade targets the agent layer. Grok Imagine Video 1.5 was officially released in June. The new agent version integrates the latest Image 2.0, with key improvements to generation quality, narrative coherence, and multi-shot continuity. Grok states that it excels at connecting multiple shots to ensure more consistent frames. It is now available on Grok’s web platform, iOS, and Android. In Arena’s Text-to-Video leaderboard, grok-imagine-video-1.5-agent currently ranks 5th with a score of 1491, outperforming Seedance 2.5, Seedance 2.0, and MiniMax H3. However, the result remains preliminary, and the ranking may change.
9 minutes ago
Ansem has been repeatedly pumping ZCAT, the meme token linked to ZEC's dividend, whose market cap has surged past $92 million to a new all-time high.
Crypto trader Ansem has been repeatedly hyping Solana-based meme token ZCAT (Anonymous Cat). He stated: "Some say if it’s on Solana, its market cap will never reach $100 million. Well, just keep watching. Let’s win." According to GMGN data, ZCAT’s market cap briefly exceeded $92 million, hitting a new all-time high, surging over 330% in 24 hours, with 24-hour trading volume standing at $3.6 million. ZCAT is a cat-themed meme token built on Solana, inspired by Zcash (ZEC)’s privacy concepts, featuring an anonymous cat mascot wearing a brown paper bag on its head. It uses a ~3% transaction and transfer tax to purchase and airdrop bridged Zcash (ZEC) on Solana to its holders. BlockBeats reminds users that most meme coins lack practical use cases, are highly volatile, and investors should exercise caution.
9 minutes ago
Cathie Wood: Bitcoin is gradually decoupling from gold's price trend.
ARK Invest founder Cathie Wood (affectionately known as "Woodie" in financial circles) noted that August non-farm payroll data shows the U.S. economy remains highly resilient. Markets may interpret the strong jobs figures as a sign of rising inflationary pressure, leading to further bets on the Federal Reserve tightening policy, but they are overlooking more critical shifts. While the U.S. headline inflation rate still stands at 3.7%, other inflation metrics are closer to the 2% target, and oil prices could even fall to around $30 per barrel. U.S. stocks continue hitting record highs amid rising interest rates, corporate capital spending has broken through a growth bottleneck that has persisted for over two decades, and Bitcoin is gradually decoupling from gold’s price trends. These phenomena are not mutually independent. As more companies adopt artificial intelligence, AI-related firms are creating jobs at a faster pace, and technological advances could simultaneously boost productivity and reduce costs. These signals point to stronger real economic growth and the emergence of powerful "tech-driven deflation." Current markets are still pricing based on traditional economic models, but a new economic system driven by AI and emerging technologies is taking shape rapidly.
9 minutes ago
WLFI advisor Ogle is the actual top holder of PONS, holding 15.28 million PONS at an average price of $0.1.
According to EmberCN's monitoring, WLFI advisor ogle's PONS holdings are not the 10.96 million units shown on FOMO, but 15.28 million units valued at $13.92 million. He also holds 4.32 million PONS in another address, worth $3.86 million. Ogle is actually the top PONS whale, having accumulated a total of 15.28 million PONS at an average price of $0.1 per unit, with an unrealized profit of $13.77 million, marking an 87x gain. The relevant addresses are: 0x1Bcc5f67CD17e13770F199fA03bC043b0cde1143; 0x825F23921dCFf36944d8B0b0CA23ac7D05fB86cB
9 minutes ago
OpenAI Simultaneously Recruits Schumer’s Daughter and Veteran Republican Operative to Focus on U.S. State AI Policies
From Beating AI Express News: OpenAI has appointed three new state-level policy heads, with Jessica Schumer drawing the most attention. She is the daughter of US Senate Minority Leader Chuck Schumer, previously served as chief of staff at the Obama administration’s Council of Economic Advisers, and later led Amazon’s public policy work in New York. At OpenAI, she will oversee policy and partnerships in the US Northeast. Another new hire, Caulder Harvill-Childs, previously worked in public policy at Meta and also served Republican Georgia House Speaker Jon Burns; he will now be responsible for the US Southeast. Thomas MacLellan will handle state-level cybersecurity policy, with prior experience at firms including Palo Alto Networks, Symantec, and FireEye. OpenAI is shifting more focus to US states, a strategy it terms "reverse federalism": instead of waiting for Congress to enact uniform legislation, it is pushing major states like California and New York to adopt similar AI rules, eventually forming de facto national standards. OpenAI publicly noted that California, New York, and Illinois have already started aligning on frontier AI safety rules.
Dogecoin has drawn renewed market interest following a recovery above several key technical levels. The cryptocurrency is now trading at $0.0874, up 3.15% in the past 24 hours, as traders consider whether the latest upward move can drive further gains toward $0.094, an important resistance level for DOGE.
Technical recovery and key resistance levelsRecent price action has pushed Dogecoin above its 20-day exponential moving average (EMA) at $0.08300, the 50-day EMA at $0.07968, and the 100-day EMA at $0.08189. Trading above these levels has reinforced the short-term bullish trend in the coin’s price trajectory.
The next critical test for DOGE’s recovery will be the 200-day EMA, which stands at $0.09414. Reclaiming this line would confirm a stronger bullish swing, while failing to break above it may signal a return to support near earlier EMA levels.
The Relative Strength Index (RSI) over 14 days is now at 59.72, with an average near 62.12. This indicates that bullish momentum remains positive but has not stepped into overbought territory, generally considered to start at 70.
While the RSI reading supports the current recovery, analysts note that RSI has dropped markedly from a recent high above 80. Maintaining upward momentum will be critical for buyers hoping to sustain DOGE’s rebound.
Open interest signals increased volatilityAccording to derivatives analytics platform CoinGlass, open interest in DOGE reached around $1.5 billion in late August before retreating to $1.3 billion. This metric suggests strong participation from derivatives traders, which can heighten both breakout and reversal potential.
Elevated open interest, combined with the ongoing price recovery, points toward the likelihood of continued volatility in DOGE’s market action.
Coinglass data also highlighted several significant liquidations in recent weeks, especially notable long liquidations during late August and, more recently, short liquidations as the price rebounded. If DOGE maintains prices above the $0.083 mark and further short liquidations occur, this could continue to support the recovery phase.
However, if the price falls back below $0.083, analysts warn that any recovery could lose momentum, putting Dogecoin at risk of a renewed pullback.
Date/LevelOpen InterestPrice ActionLiquidationsLate August$1.5 billionMajor volatilityLong positions liquidatedPresent$1.3 billionRecovery phaseShort positions liquidatedKey Level: $0.094N/ABullish confirmation levelPotential breakout/liquidation triggerThe 200-day EMA at $0.09414 remains the clearest confirmation point for potential continuation of the rally. A breakout over this barrier could shift attention toward new resistance levels, while falling short of it would keep DOGE exposed to the risk of reversal.
Market sentiment and speculative targetsSentiment on social media platforms has contributed to the bullish discourse. The account dogegod on X commented, “Dogecoin senses $2.80. Rebound confirmed.”
Dogecoin is showing momentum above its short- and medium-term EMAs, but technical indicators do not currently support a surge to $2.80, with the more immediate focus on resistance at $0.094.
Despite positive market tone, technical analysis does not indicate support for speculative high price targets such as $2.80 at present. The spotlight remains fixed on short-term areas of resistance and the influence of derivatives activity on DOGE’s price movements.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Prominent crypto trader Bonk Guy says this cycle belongs to Robinhood and BNB Chain, loudly declaring that BNB Chain is now in its golden season, urging people not to ignore this narrative. Bonk Guy looked back at his previous trading calls: several weeks ago, he repeatedly stated that the "Robinhood season" was approaching, but many dismissed his view at the time. The meme coin rally has since almost perfectly matched his expectations, with PONS surging from a $4 million market cap when he first called it to $990 million, CASHCAT hitting $270 million, AI (token) reaching $280 million, and numerous other tokens boasting market caps in the tens of millions. Bonk Guy believes MARSCOIN has fired the starting gun for the meme coin narrative in the BNB Chain ecosystem, is now the clear leader, and will continue to pull far ahead of peers. Bonk Guy also emphasized that when BNB Chain’s trading activity really heats up, it will do so with extreme momentum and speed, warning against chasing gains after tokens have already surged 10x. The core reason is that Binance is the world’s largest centralized exchange (CEX), boasting 320 million users. MARSCOIN is now listed on Binance’s spot and derivatives markets, making it much easier for Western users to buy BNB Chain meme coins, with far better accessibility than in previous cycles. In the last cycle, SAFEMOON surged to a $17 billion market cap on BNB Chain, proving that BNB Chain meme coins have enormous upside potential once they catch fire. There won’t be just one winner—many tokens will rally alongside the leading ones, and the BNB season will be extremely explosive once it truly kicks off. Finally, Bonk Guy advises that people start monitoring and positioning now, stressing that it’s better to enter early than to chase after already surging prices.
Ansem has been repeatedly pumping ZCAT, the meme token linked to ZEC's dividend, whose market cap has surged past $92 million to a new all-time high.
Crypto trader Ansem has been repeatedly hyping Solana-based meme token ZCAT (Anonymous Cat). He stated: "Some say if it’s on Solana, its market cap will never reach $100 million. Well, just keep watching. Let’s win." According to GMGN data, ZCAT’s market cap briefly exceeded $92 million, hitting a new all-time high, surging over 330% in 24 hours, with 24-hour trading volume standing at $3.6 million. ZCAT is a cat-themed meme token built on Solana, inspired by Zcash (ZEC)’s privacy concepts, featuring an anonymous cat mascot wearing a brown paper bag on its head. It uses a ~3% transaction and transfer tax to purchase and airdrop bridged Zcash (ZEC) on Solana to its holders. BlockBeats reminds users that most meme coins lack practical use cases, are highly volatile, and investors should exercise caution.
34 minutes ago
Cathie Wood: Bitcoin is gradually decoupling from gold's price trend.
ARK Invest founder Cathie Wood (affectionately known as "Woodie" in financial circles) noted that August non-farm payroll data shows the U.S. economy remains highly resilient. Markets may interpret the strong jobs figures as a sign of rising inflationary pressure, leading to further bets on the Federal Reserve tightening policy, but they are overlooking more critical shifts. While the U.S. headline inflation rate still stands at 3.7%, other inflation metrics are closer to the 2% target, and oil prices could even fall to around $30 per barrel. U.S. stocks continue hitting record highs amid rising interest rates, corporate capital spending has broken through a growth bottleneck that has persisted for over two decades, and Bitcoin is gradually decoupling from gold’s price trends. These phenomena are not mutually independent. As more companies adopt artificial intelligence, AI-related firms are creating jobs at a faster pace, and technological advances could simultaneously boost productivity and reduce costs. These signals point to stronger real economic growth and the emergence of powerful "tech-driven deflation." Current markets are still pricing based on traditional economic models, but a new economic system driven by AI and emerging technologies is taking shape rapidly.
34 minutes ago
WLFI advisor Ogle is the actual top holder of PONS, holding 15.28 million PONS at an average price of $0.1.
According to EmberCN's monitoring, WLFI advisor ogle's PONS holdings are not the 10.96 million units shown on FOMO, but 15.28 million units valued at $13.92 million. He also holds 4.32 million PONS in another address, worth $3.86 million. Ogle is actually the top PONS whale, having accumulated a total of 15.28 million PONS at an average price of $0.1 per unit, with an unrealized profit of $13.77 million, marking an 87x gain. The relevant addresses are: 0x1Bcc5f67CD17e13770F199fA03bC043b0cde1143; 0x825F23921dCFf36944d8B0b0CA23ac7D05fB86cB
34 minutes ago
OpenAI Simultaneously Recruits Schumer’s Daughter and Veteran Republican Operative to Focus on U.S. State AI Policies
From Beating AI Express News: OpenAI has appointed three new state-level policy heads, with Jessica Schumer drawing the most attention. She is the daughter of US Senate Minority Leader Chuck Schumer, previously served as chief of staff at the Obama administration’s Council of Economic Advisers, and later led Amazon’s public policy work in New York. At OpenAI, she will oversee policy and partnerships in the US Northeast. Another new hire, Caulder Harvill-Childs, previously worked in public policy at Meta and also served Republican Georgia House Speaker Jon Burns; he will now be responsible for the US Southeast. Thomas MacLellan will handle state-level cybersecurity policy, with prior experience at firms including Palo Alto Networks, Symantec, and FireEye. OpenAI is shifting more focus to US states, a strategy it terms "reverse federalism": instead of waiting for Congress to enact uniform legislation, it is pushing major states like California and New York to adopt similar AI rules, eventually forming de facto national standards. OpenAI publicly noted that California, New York, and Illinois have already started aligning on frontier AI safety rules.
34 minutes ago
Altcoins rally broadly, with Layer 2 (L2) and DeFi sectors surging sharply. ARB, RAY, and SUSHI – the direct beneficiaries of the Meme craze – lead the market’s gains.
According to HTX market data, altcoins are rallying broadly amid active trading on Robinhood, BNB Chain, and Solana. The L2, DeFi, and DEX sectors are seeing sharp gains, with L2 led by ARB, followed by OP, STRK, IMX, etc. DeFi and DEX tokens including RAY, ORCA, JUP, UNI, SUSHI, CAKE, CRV, SPK, LISTA, and ENA are all rising, as capital flows back to DeFi projects with real trading use cases and fee mechanisms. On BNB Chain, boosted by BNB breaking above $780, tokens like BOME, 1000CAT, MARSCOIN, and TUT are also climbing. Meanwhile, today’s Altcoin Season Index has risen to 40, meaning roughly 40 of the top 100 cryptocurrencies by market cap have outperformed Bitcoin over the past 90 days, and total altcoin market cap has hit $1.10 trillion. Top gainers: ARB up over 51% in 24 hours, trading at $0.1997. Robinhood Chain, an Ethereum L2 built on Arbitrum Orbit, allocates 10% of its net protocol revenue to the Arbitrum ecosystem—8% to the DAO treasury and 2% to development funds. RAY up over 42% in 24 hours, trading at $1.177. Solana-based token launch platform StonkFun announced it has integrated with Raydium LaunchLab. Going forward, all new StonkFun token deployments will launch via LaunchLab to cut costs, reduce front-running risks, and enable auto-compounding liquidity post-binding. SUSHI up over 24% in 24 hours, trading at $0.2385. SushiSwap has integrated its DEX and launchpad into Robinhood Chain, allowing new tokens to pair with tokenized stocks and launch with an existing Sushi V3 pool. SushiSwap Launch V2 is set to launch around September 4, with SUSHI serving as the launchpad’s quote asset. Other notable 24-hour gains: BOME, IOST, 1000CAT up over 20%; COTI, TUT, CAKE, SPK, UNI, STRK, MET, ORCA up over 10%; CRV, ENA, IMX, JUP, LISTA also posting solid increases.
34 minutes ago
StonkFun completes a $1 million buyback of STONK tokens; its platform token STONK surpasses $100 million in market cap today.
Solana-based token launch platform StonkFun announced it has completed a $1 million STONK token buyback, while over $7.5 million in rewards have been distributed to holders in the StonkFun ecosystem. StonkFun also announced it has launched on Raydium LaunchLab. Going forward, all new StonkFun token deployments will be initiated via LaunchLab to lower deployment costs, reduce sniper risks, and enable automatic liquidity compounding after binding is completed. According to GMGN market data, StonkFun’s platform token STONK surpassed $100 million in market cap today, currently trading at $92 million, with a 256% 24-hour gain and $30.4 million in trading volume over the same period. BlockBeats reminds users that related token prices are highly volatile, so investors should exercise caution.
Ansem has been repeatedly pumping ZCAT, the meme token linked to ZEC's dividend, whose market cap has surged past $92 million to a new all-time high.
Crypto trader Ansem has been repeatedly hyping Solana-based meme token ZCAT (Anonymous Cat). He stated: "Some say if it’s on Solana, its market cap will never reach $100 million. Well, just keep watching. Let’s win." According to GMGN data, ZCAT’s market cap briefly exceeded $92 million, hitting a new all-time high, surging over 330% in 24 hours, with 24-hour trading volume standing at $3.6 million. ZCAT is a cat-themed meme token built on Solana, inspired by Zcash (ZEC)’s privacy concepts, featuring an anonymous cat mascot wearing a brown paper bag on its head. It uses a ~3% transaction and transfer tax to purchase and airdrop bridged Zcash (ZEC) on Solana to its holders. BlockBeats reminds users that most meme coins lack practical use cases, are highly volatile, and investors should exercise caution.
34 minutes ago
Cathie Wood: Bitcoin is gradually decoupling from gold's price trend.
ARK Invest founder Cathie Wood (affectionately known as "Woodie" in financial circles) noted that August non-farm payroll data shows the U.S. economy remains highly resilient. Markets may interpret the strong jobs figures as a sign of rising inflationary pressure, leading to further bets on the Federal Reserve tightening policy, but they are overlooking more critical shifts. While the U.S. headline inflation rate still stands at 3.7%, other inflation metrics are closer to the 2% target, and oil prices could even fall to around $30 per barrel. U.S. stocks continue hitting record highs amid rising interest rates, corporate capital spending has broken through a growth bottleneck that has persisted for over two decades, and Bitcoin is gradually decoupling from gold’s price trends. These phenomena are not mutually independent. As more companies adopt artificial intelligence, AI-related firms are creating jobs at a faster pace, and technological advances could simultaneously boost productivity and reduce costs. These signals point to stronger real economic growth and the emergence of powerful "tech-driven deflation." Current markets are still pricing based on traditional economic models, but a new economic system driven by AI and emerging technologies is taking shape rapidly.
34 minutes ago
WLFI advisor Ogle is the actual top holder of PONS, holding 15.28 million PONS at an average price of $0.1.
According to EmberCN's monitoring, WLFI advisor ogle's PONS holdings are not the 10.96 million units shown on FOMO, but 15.28 million units valued at $13.92 million. He also holds 4.32 million PONS in another address, worth $3.86 million. Ogle is actually the top PONS whale, having accumulated a total of 15.28 million PONS at an average price of $0.1 per unit, with an unrealized profit of $13.77 million, marking an 87x gain. The relevant addresses are: 0x1Bcc5f67CD17e13770F199fA03bC043b0cde1143; 0x825F23921dCFf36944d8B0b0CA23ac7D05fB86cB
34 minutes ago
OpenAI Simultaneously Recruits Schumer’s Daughter and Veteran Republican Operative to Focus on U.S. State AI Policies
From Beating AI Express News: OpenAI has appointed three new state-level policy heads, with Jessica Schumer drawing the most attention. She is the daughter of US Senate Minority Leader Chuck Schumer, previously served as chief of staff at the Obama administration’s Council of Economic Advisers, and later led Amazon’s public policy work in New York. At OpenAI, she will oversee policy and partnerships in the US Northeast. Another new hire, Caulder Harvill-Childs, previously worked in public policy at Meta and also served Republican Georgia House Speaker Jon Burns; he will now be responsible for the US Southeast. Thomas MacLellan will handle state-level cybersecurity policy, with prior experience at firms including Palo Alto Networks, Symantec, and FireEye. OpenAI is shifting more focus to US states, a strategy it terms "reverse federalism": instead of waiting for Congress to enact uniform legislation, it is pushing major states like California and New York to adopt similar AI rules, eventually forming de facto national standards. OpenAI publicly noted that California, New York, and Illinois have already started aligning on frontier AI safety rules.
34 minutes ago
Altcoins rally broadly, with Layer 2 (L2) and DeFi sectors surging sharply. ARB, RAY, and SUSHI – the direct beneficiaries of the Meme craze – lead the market’s gains.
According to HTX market data, altcoins are rallying broadly amid active trading on Robinhood, BNB Chain, and Solana. The L2, DeFi, and DEX sectors are seeing sharp gains, with L2 led by ARB, followed by OP, STRK, IMX, etc. DeFi and DEX tokens including RAY, ORCA, JUP, UNI, SUSHI, CAKE, CRV, SPK, LISTA, and ENA are all rising, as capital flows back to DeFi projects with real trading use cases and fee mechanisms. On BNB Chain, boosted by BNB breaking above $780, tokens like BOME, 1000CAT, MARSCOIN, and TUT are also climbing. Meanwhile, today’s Altcoin Season Index has risen to 40, meaning roughly 40 of the top 100 cryptocurrencies by market cap have outperformed Bitcoin over the past 90 days, and total altcoin market cap has hit $1.10 trillion. Top gainers: ARB up over 51% in 24 hours, trading at $0.1997. Robinhood Chain, an Ethereum L2 built on Arbitrum Orbit, allocates 10% of its net protocol revenue to the Arbitrum ecosystem—8% to the DAO treasury and 2% to development funds. RAY up over 42% in 24 hours, trading at $1.177. Solana-based token launch platform StonkFun announced it has integrated with Raydium LaunchLab. Going forward, all new StonkFun token deployments will launch via LaunchLab to cut costs, reduce front-running risks, and enable auto-compounding liquidity post-binding. SUSHI up over 24% in 24 hours, trading at $0.2385. SushiSwap has integrated its DEX and launchpad into Robinhood Chain, allowing new tokens to pair with tokenized stocks and launch with an existing Sushi V3 pool. SushiSwap Launch V2 is set to launch around September 4, with SUSHI serving as the launchpad’s quote asset. Other notable 24-hour gains: BOME, IOST, 1000CAT up over 20%; COTI, TUT, CAKE, SPK, UNI, STRK, MET, ORCA up over 10%; CRV, ENA, IMX, JUP, LISTA also posting solid increases.
34 minutes ago
StonkFun completes a $1 million buyback of STONK tokens; its platform token STONK surpasses $100 million in market cap today.
Solana-based token launch platform StonkFun announced it has completed a $1 million STONK token buyback, while over $7.5 million in rewards have been distributed to holders in the StonkFun ecosystem. StonkFun also announced it has launched on Raydium LaunchLab. Going forward, all new StonkFun token deployments will be initiated via LaunchLab to lower deployment costs, reduce sniper risks, and enable automatic liquidity compounding after binding is completed. According to GMGN market data, StonkFun’s platform token STONK surpassed $100 million in market cap today, currently trading at $92 million, with a 256% 24-hour gain and $30.4 million in trading volume over the same period. BlockBeats reminds users that related token prices are highly volatile, so investors should exercise caution.
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.
For half a decade, blockchain networks have been locked in a race to the bottom on gas fees. BNB Chain just stepped off the track.
Nina Rong, BNB Chain’s Growth Director, said on September 6 that the network’s priority is no longer reducing transaction costs. Instead, she argued the industry needs to build sustainable business models that incorporate gas fees, revenue sharing, and commercial agreements, essentially the boring-but-necessary financial plumbing that keeps infrastructure projects alive long-term.
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The fee wars are over, apparently BNB Chain has been one of the more aggressive fee cutters in the space. The network slashed gas costs to as low as 0.05 Gwei and achieved reductions exceeding 90% over historical trends.
But Rong’s message was clear: the next five years should look nothing like the last five. The emphasis needs to shift away from grants and fee reductions toward structures that actually generate revenue.
Her comments landed in the middle of a heated debate about Robinhood Chain’s transaction costs. The newly launched chain has drawn criticism for fees that can peak around $0.40 per transaction. But Robinhood Chain has a counterargument: it shares approximately 10% of its net revenue with the Arbitrum ecosystem, directing 8% to the DAO treasury and 2% toward development initiatives.
What this means for the competitive landscape Robinhood Chain’s revenue-sharing model with Arbitrum offers one template. By allocating a fixed percentage of net revenue back to the broader ecosystem, it creates alignment between the chain’s commercial success and the health of the network it builds on. The 8% DAO treasury allocation and 2% development fund split give stakeholders a direct financial interest in the chain’s transaction volume rather than just its token price.
For BNB Chain specifically, the pivot makes strategic sense. The network has already captured significant market share through years of aggressive fee cuts. Continuing to slash prices offers diminishing returns.
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.
Kraken has introduced Fixed Rate Rewards, a new addition to its Kraken Earn platform that lets eligible clients lock in a fixed yield of up to 6% APY on cash and stablecoin balances. Announced on 3 September 2026, the product is built around predictability: clients choose a term, agree on a rate, and keep that rate for its entire duration, with rewards compounding weekly into their allocation.
How Fixed Rate Rewards Work Clients select a lockup term of three, six, twelve or eighteen months, with longer terms generally carrying higher rates. Once a rate is locked in, later market movements affect only new allocations, not the one already committed. Rewards compound weekly, and an opt-in auto-renew feature rolls balances over at maturity using the prevailing rate for the same term; if auto-renew is switched off, funds are simply returned when the term ends. Kraken positions the product as a straightforward way for holders to put idle cash and stablecoins to work.
Terms, Assets and Availability Fixed Rate Rewards supports eligible fiat balances in US dollars and euros, alongside the stablecoins USDT, USDC and USDG. It is available in the Kraken Consumer and Pro apps on web and mobile, though participation is subject to geographic and eligibility restrictions and the product is not offered in every market. In the United States, access is limited to accredited investors. The offering sits within Kraken Earn, the exchange’s hub for yield-generating products, and joins the firm’s broader push into banking-adjacent services for crypto users.
A Predictable Yield Play for Kraken For Kraken, the launch extends a run of product updates aimed at keeping retail and institutional clients on-platform, following moves such as raising ETH/USD margin leverage to 20x and a banking tie-up with SoFi. John Zettler, Kraken’s Director of Product for Earn and Trade, framed the shift as a response to demand for certainty: “Many Kraken clients holding cash or stablecoins want the same thing: a clear, fixed-rate yield on that cash.” By locking rates rather than letting them drift, the exchange is betting that predictable rewards will resonate with savers who want a steady return without the surprises of variable-yield products.
AUTHOR
Freelance writer and crypto enthusiast with a focus on Web3, delivering clear and engaging articles. Known for his well-researched articles and insightful analysis, Shayan covers a broad range of topics including market trends, blockchain technology, decentralized finance (DeFi), and emerging crypto projects. His writing aims to educate both beginners and experts, providing clear, engaging content that helps readers stay informed about the fast-evolving crypto space. Shayan's expertise and dedication make him a trusted voice in the blockchain community.
According to monitoring by crypto analytics platform Yu Jing, the address suspected to hold HYPE tokens for venture capital firm a16z transferred 13.05 million USDC to decentralized exchange Hyperliquid 8 hours ago, and purchased HYPE via a Time-Weighted Average Price (TWAP) order. The same address spent 66.4 million USDC to buy 816,000 HYPE tokens at an average price of $81.3 one week ago. Currently, the address has bought and staked 5.201 million HYPE tokens, valued at approximately $445 million, with an average entry price of around $67.2, posting an unrealized profit of roughly $95.18 million.
Beating AI Express News: Leaker Lyra claims Google’s next Pro model already has its first checkpoint (a saved model state version from training) and is set to be unveiled in October. Lyra also predicts a new Flash-Lite launch in September, alongside an update to Nano Banana 2 Lite. The final name for the new Pro model remains unconfirmed; some community members speculate it could be Gemini 4 Pro, while others believe it may be another Pro variant.
Cover image via U.Today 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.
Privacy token Zcash (ZEC) faces a 562% liquidation imbalance after a sharp rally forced traders betting against the token out of leveraged positions.
Zcash traded as high as $1,051 on September 4, 2026, building on a sharp surge from a low of $805 on September 3, 2026. Days ago, Zcash witnessed choppy price action as its rally could not break $888, which could be the reason behind traders' bearish stance. Instead, Zcash ripped higher, surpassing the $1,000 mark for the first time since 2018.
Zcash's latest price surge caught traders betting against Zcash's increase off guard. About $13.24 million of leveraged ZEC positions were liquidated over the past 24 hours, with $11.26 million coming from shorts and $1.98 million from longs, according to CoinGlass data. The percentage imbalance between longs and shorts yields 562%.
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The ZEC rally dates back to October 2025, coming out of a range that had been in place since June 2022. In April 2025, Zcash traded as low as $7.7 before a stunning comeback in October of that same year.
Zcash locks in 2,395% yearly gainsRecovering from June's low, Zcash's rally accelerated in August 2026, gaining 105% in the last 30 days and 2,395% over the past year, according to CoinGecko data.
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Contributing to the price growth are both technical and institutional developments. Grayscale's spot Zcash ETF began trading on NYSE Arca in late August under the ticker ZCSH. Separately, Digital Currency Group, which controls Grayscale, was in non-binding talks with a subsidiary to purchase 200,000 ZEC.
The developers of Zakura, a Zcash node launched in July, released cryptographic tools earlier this month that reduced the time it takes a wallet to build a private transaction from over three seconds to less than 200 milliseconds on mobile, with the aim to make the chain fast enough for everyday payments.
Zcash's price increase has pushed its market capitalization to about $17.25 billion, ranking it as the 10th-largest crypto asset by market cap.
In a new milestone, the Zcash ETF has crossed $400,000,000 in AUM, marking a new all-time high for the first and only Zcash fund.
Cathie Wood: Bitcoin is gradually decoupling from gold's price trend.
ARK Invest founder Cathie Wood (affectionately known as "Woodie" in financial circles) noted that August non-farm payroll data shows the U.S. economy remains highly resilient. Markets may interpret the strong jobs figures as a sign of rising inflationary pressure, leading to further bets on the Federal Reserve tightening policy, but they are overlooking more critical shifts. While the U.S. headline inflation rate still stands at 3.7%, other inflation metrics are closer to the 2% target, and oil prices could even fall to around $30 per barrel. U.S. stocks continue hitting record highs amid rising interest rates, corporate capital spending has broken through a growth bottleneck that has persisted for over two decades, and Bitcoin is gradually decoupling from gold’s price trends. These phenomena are not mutually independent. As more companies adopt artificial intelligence, AI-related firms are creating jobs at a faster pace, and technological advances could simultaneously boost productivity and reduce costs. These signals point to stronger real economic growth and the emergence of powerful "tech-driven deflation." Current markets are still pricing based on traditional economic models, but a new economic system driven by AI and emerging technologies is taking shape rapidly.
30 minutes ago
WLFI advisor Ogle is the actual top holder of PONS, holding 15.28 million PONS at an average price of $0.1.
According to EmberCN's monitoring, WLFI advisor ogle's PONS holdings are not the 10.96 million units shown on FOMO, but 15.28 million units valued at $13.92 million. He also holds 4.32 million PONS in another address, worth $3.86 million. Ogle is actually the top PONS whale, having accumulated a total of 15.28 million PONS at an average price of $0.1 per unit, with an unrealized profit of $13.77 million, marking an 87x gain. The relevant addresses are: 0x1Bcc5f67CD17e13770F199fA03bC043b0cde1143; 0x825F23921dCFf36944d8B0b0CA23ac7D05fB86cB
30 minutes ago
OpenAI Simultaneously Recruits Schumer’s Daughter and Veteran Republican Operative to Focus on U.S. State AI Policies
From Beating AI Express News: OpenAI has appointed three new state-level policy heads, with Jessica Schumer drawing the most attention. She is the daughter of US Senate Minority Leader Chuck Schumer, previously served as chief of staff at the Obama administration’s Council of Economic Advisers, and later led Amazon’s public policy work in New York. At OpenAI, she will oversee policy and partnerships in the US Northeast. Another new hire, Caulder Harvill-Childs, previously worked in public policy at Meta and also served Republican Georgia House Speaker Jon Burns; he will now be responsible for the US Southeast. Thomas MacLellan will handle state-level cybersecurity policy, with prior experience at firms including Palo Alto Networks, Symantec, and FireEye. OpenAI is shifting more focus to US states, a strategy it terms "reverse federalism": instead of waiting for Congress to enact uniform legislation, it is pushing major states like California and New York to adopt similar AI rules, eventually forming de facto national standards. OpenAI publicly noted that California, New York, and Illinois have already started aligning on frontier AI safety rules.
30 minutes ago
Altcoins rally broadly, with Layer 2 (L2) and DeFi sectors surging sharply. ARB, RAY, and SUSHI – the direct beneficiaries of the Meme craze – lead the market’s gains.
According to HTX market data, altcoins are rallying broadly amid active trading on Robinhood, BNB Chain, and Solana. The L2, DeFi, and DEX sectors are seeing sharp gains, with L2 led by ARB, followed by OP, STRK, IMX, etc. DeFi and DEX tokens including RAY, ORCA, JUP, UNI, SUSHI, CAKE, CRV, SPK, LISTA, and ENA are all rising, as capital flows back to DeFi projects with real trading use cases and fee mechanisms. On BNB Chain, boosted by BNB breaking above $780, tokens like BOME, 1000CAT, MARSCOIN, and TUT are also climbing. Meanwhile, today’s Altcoin Season Index has risen to 40, meaning roughly 40 of the top 100 cryptocurrencies by market cap have outperformed Bitcoin over the past 90 days, and total altcoin market cap has hit $1.10 trillion. Top gainers: ARB up over 51% in 24 hours, trading at $0.1997. Robinhood Chain, an Ethereum L2 built on Arbitrum Orbit, allocates 10% of its net protocol revenue to the Arbitrum ecosystem—8% to the DAO treasury and 2% to development funds. RAY up over 42% in 24 hours, trading at $1.177. Solana-based token launch platform StonkFun announced it has integrated with Raydium LaunchLab. Going forward, all new StonkFun token deployments will launch via LaunchLab to cut costs, reduce front-running risks, and enable auto-compounding liquidity post-binding. SUSHI up over 24% in 24 hours, trading at $0.2385. SushiSwap has integrated its DEX and launchpad into Robinhood Chain, allowing new tokens to pair with tokenized stocks and launch with an existing Sushi V3 pool. SushiSwap Launch V2 is set to launch around September 4, with SUSHI serving as the launchpad’s quote asset. Other notable 24-hour gains: BOME, IOST, 1000CAT up over 20%; COTI, TUT, CAKE, SPK, UNI, STRK, MET, ORCA up over 10%; CRV, ENA, IMX, JUP, LISTA also posting solid increases.
30 minutes ago
StonkFun completes a $1 million buyback of STONK tokens; its platform token STONK surpasses $100 million in market cap today.
Solana-based token launch platform StonkFun announced it has completed a $1 million STONK token buyback, while over $7.5 million in rewards have been distributed to holders in the StonkFun ecosystem. StonkFun also announced it has launched on Raydium LaunchLab. Going forward, all new StonkFun token deployments will be initiated via LaunchLab to lower deployment costs, reduce sniper risks, and enable automatic liquidity compounding after binding is completed. According to GMGN market data, StonkFun’s platform token STONK surpassed $100 million in market cap today, currently trading at $92 million, with a 256% 24-hour gain and $30.4 million in trading volume over the same period. BlockBeats reminds users that related token prices are highly volatile, so investors should exercise caution.
30 minutes ago
Word has it that the first checkpoint of Google's new Pro model has emerged, with a possible public release in October.
Beating AI Express News: Leaker Lyra claims Google’s next Pro model already has its first checkpoint (a saved model state version from training) and is set to be unveiled in October. Lyra also predicts a new Flash-Lite launch in September, alongside an update to Nano Banana 2 Lite. The final name for the new Pro model remains unconfirmed; some community members speculate it could be Gemini 4 Pro, while others believe it may be another Pro variant.
TLDR: Bitcoin’s 90-day correlation with gold reached +0.50, more than doubling from early 2026 levels. Bitcoin’s Nasdaq 100 correlation fell to about 0.30, marking its lowest level in one year. The correlation surge accelerated after Treasury debt buybacks doubled to at least $4 billion. Gold and Bitcoin are drawing attention as scarce assets amid currency and fiscal concerns. Bitcoin and gold are moving closer together as investors shift toward scarce assets amid growing fiscal and currency concerns. The 90-day correlation between Bitcoin and gold has reached +0.50, more than doubling since the start of 2026.
At the same time, Bitcoin’s correlation with the Nasdaq 100 has fallen to about 0.30, marking a one-year low. The divergence signals a sharp change in how BTC has traded alongside traditional markets this year.
The Kobeissi Letter reported that Bitcoin’s 90-day correlation with gold now stands at +0.50. The figure nearly matches the record reached during the 2020 pandemic.
Bitcoin and gold are increasingly moving together:
The 90-day correlation between Bitcoin and gold prices is up to +0.50, almost matching the all-time high set during the 2020 pandemic.
This figure has more than doubled since the start of the year.
By comparison, following the… pic.twitter.com/9Ag9mP7pJV
— The Kobeissi Letter (@KobeissiLetter) September 5, 2026
The current reading has more than doubled from the start of 2026. After the 2022 bear market recovery, Bitcoin’s 90-day correlation with gold reached only +0.30.
Bitwise and Bloomberg data through August 31 also put the Bitcoin gold correlation at +0.50. The data shows the relationship has strengthened considerably in recent months.
The shift accelerated after the US Treasury announced changes to its long-dated debt buyback operations. On August 19, the Treasury said it would double buybacks from $2 billion to at least $4 billion per operation.
Bitcoin Correlation With Nasdaq Falls to One-Year Low Bitcoin’s relationship with the Nasdaq 100 has moved in the opposite direction. The 90-day correlation has declined to roughly 0.30, according to the Kobeissi Letter.
That marks Bitcoin’s lowest correlation with the Nasdaq 100 in one year. The divergence puts greater focus on BTC’s relationship with gold and other scarce assets.
Investors increasingly view both Bitcoin and gold as potential hedges against currency debasement. US debt has reached about $40 trillion, adding to concerns surrounding long-term fiscal pressures.
Gold has also attracted central-bank demand amid geopolitical uncertainty. The Netherlands, for example, moved 86 tonnes of gold to London, reflecting continued activity around the traditional reserve asset.
Crypto Tice separately argued that gold’s recent pause could precede greater attention toward Bitcoin. Its analysis points to previous periods when profits from gold shifted toward BTC after gold reached new highs.
Gold price Gold currently trades near $4,430 per ounce, while Bitcoin hovers around $81,000. The two assets now show a much closer 90-day price relationship than earlier this year.
Circle has launched Circle Wrapped Bitcoin (cirBTC), a 1:1 BTC-backed token that brings native Bitcoin onto programmable networks with segregated custody and verifiable onchain reserve data. Announced on 4 September 2026, cirBTC is live on Ethereum today, with native support planned for Circle’s Arc layer-1 blockchain once its mainnet launches.
How cirBTC’s Backing Is Structured Every cirBTC token is backed one-to-one by native Bitcoin and redeemable one-to-one for it, a wrapped token rather than a staked or derivative product. The underlying BTC is held through a Circle affiliate and custodied by Circle National Trust, a federally chartered national trust bank supervised by the Office of the Comptroller of the Currency. Reserves sit in accounts segregated from Circle’s corporate assets and held for the exclusive benefit of cirBTC holders, keeping the collateral legally and operationally separate from the issuer’s balance sheet. The token is issued by Circle International Bermuda Limited, a Class F Digital Asset Business licensed by the Bermuda Monetary Authority.
Chainlink Proof of Reserve for Verifiable Backing Circle pairs segregated custody with observable backing by connecting three data points: native BTC held in disclosed reserve addresses, the onchain reserve value published through Chainlink Proof of Reserve, and the circulating cirBTC supply across supported chains. When cirBTC is redeemed, the corresponding tokens are removed from circulation and native BTC is released, so tokens in circulation should not exceed the BTC held in reserve. Circle is careful to note that proof of reserve does not replace custody, redemption, or smart-contract diligence, but it lets lending protocols, market makers, and asset managers inspect the collateral without relying solely on an issuer’s statement.
Ethereum Now, Arc and More Later cirBTC enters an already competitive wrapped-Bitcoin market, where custody and reserve transparency have become the key differentiators for institutions deciding how to put BTC to work in decentralized finance. The launch also extends Circle’s reach beyond its USDC stablecoin franchise, following moves such as bringing USDC to Hyperliquid. Native cirBTC support on Arc is expected at mainnet launch, subject to applicable regulatory approvals, with additional blockchain integrations planned over time. For holders, the pitch is straightforward: a way to use Bitcoin in onchain markets, as it did when WBTC exchange outflows recently hit a six-week high, while keeping the reserve side of that exposure observable.
AUTHOR
A freelance writer with a passion for crypto, delivering insightful and accurate content on blockchain and fintech. With a knack for translating complex concepts into accessible content, Eric produces well-researched articles, blog posts, and thought leadership pieces that cover the latest trends and developments in the digital finance space. His writing is aimed at educating and engaging both newcomers and industry experts, offering fresh insights into the world of cryptocurrencies, decentralized finance (DeFi), and blockchain innovations. Eric’s dedication to quality and accuracy makes him a trusted voice in the fintech and crypto communities
Uniswap (UNI) is showing renewed bullish momentum, with buyers successfully defending key support levels while pushing UNI toward significant resistance zones. Technical indicators are strengthening as on-chain activity, protocol earnings, and token burns continue to rise, indicating a strong recovery phase for the decentralized exchange’s native token.
Bullish Recovery Gathers PaceAt the latest market check, UNI is valued at $7.08, supported by a 24-hour trading volume of $519.31 million and a total market capitalization of $4.42 billion. The token’s price has jumped 3.36% in the past day, reflecting increased buying interest as it rebounds from recent lows.
Crypto analyst Rekt Capital observed that UNI has surged about 57% after retesting a key support area, reinforcing a shift in short-term market structure. The move higher has positioned UNI near a descending trendline, a crucial resistance where sellers may attempt to slow further gains.
Rekt Capital highlighted that this successful support retest is a significant technical indicator underpinning UNI’s ongoing recovery, noting a clear change in sentiment among market participants.
This momentum follows earlier signals from August, when UNI reclaimed a crucial level, setting up expectations for an advance toward its long-term descending trendline.
A decisive breakout above this resistance could pave the way for acceleration toward the $10 price target, with $15 becoming a longer-term possibility if bullish trends persist.
Technical Analysis Signals Robust MomentumChart data from TradingView illustrates a decisive bullish breakout for UNI on September 5, 2026. UNI climbed 13.82% to reach $7.04190, after opening at $6.18470 and peaking at $7.06010.
The rally propelled UNI far above the upper Bollinger Band, which stood at $6.78402, revealing heightened volatility and buyer dominance beyond its baseline of $4.76600.
Indicators confirm this trend, as the MACD line surged to 0.68579, well above its signal line value of 0.44679, with expanding green histogram bars at 0.23900 supporting the strong upward move. Despite robust bullishness, UNI’s price trading outside the upper Bollinger Band may signal a period of near-term consolidation as the market digests gains.
Protocol Earnings and TokenomicsData from Token Terminal shows Uniswap generated $2.4 million in earnings over the last week, giving it an annualized run rate close to $125 million. This growth indicates expanding economic activity across multiple versions of the protocol, a variety of liquidity pools, and several blockchain networks.
Since December 2025, Uniswap has enhanced its fee collection mechanisms in five stages, increasing value generation by leveraging higher user participation and expanding protocol features.
Uniquely, all collected fees are automatically converted into UNI tokens before being permanently burned, which, over time, reduces the circulating supply and may benefit token economics—provided the current pace of fee generation remains stable.
Recent data from Wu Blockchain revealed that Uniswap’s daily UNI token burn exceeded $1 million for the first time on September 4, with 184,000 UNI burned, reflecting a value of $1.15 million.
This record burn coincided with surging activity on Robinhood Chain, which accounted for 150,000 UNI burned in a single day. Robinhood Chain also saw decentralized exchange trading volumes surge past $3 billion, with Uniswap commanding 98% of the DEX market share on the network.
“This model can become more efficient in token economics if fees continue to be generated at a high level, as fees gathered are automatically turned into UNI tokens, which get burned forever.”
If UNI manages to break above its current trendline resistance, bullish sentiment could propel its price toward $10 and possibly $15. Failure to breach resistance could see the token enter a period of consolidation, making support levels critical to maintaining the uptrend.
In a highly volatile market where unexpected events like a Federal Reserve decision or a new altcoin listing can trigger instant price swings, efficient market monitoring has become vital for traders. Many are moving toward privacy-focused tools such as CryptoAppsy that offer real-time charts, instant price alerts, specialized news, and crucial macroeconomic data—all in one platform and without the need for an account—saving time and potentially protecting profits.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Arthur Hayes just dropped $1.73 million on Uniswap’s governance token, scooping up 244,406 UNI at roughly $7.06 per token through Flowdesk OTC. The transaction, flagged by on-chain analyst 余烬 and confirmed by Lookonchain, was traced to a wallet address previously linked to the BitMEX co-founder.
What makes this interesting isn’t just the size. It’s the timing. There’s no governance proposal, no protocol upgrade, and no obvious catalyst attached to the buy. Hayes apparently just decided that seven-dollar UNI was a price worth paying, in size.
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A pattern, not a one-off This isn’t Hayes’ first time at the UNI buffet. Back in November 2025, he picked up 28,670 UNI tokens for approximately $244K, a purchase that coincided with Uniswap’s governance enhancements at the time. The September 2026 purchase, at roughly seven times the dollar value of his previous buy, represents a meaningful escalation in his UNI position. And unlike November’s purchase, this one arrives without an accompanying storyline that traders can latch onto.
Why UNI, why now Uniswap remains the largest decentralized exchange by historical trading volume, and UNI is its governance token. Holders can vote on protocol changes, fee structures, and treasury allocations. For years, UNI’s knock against it was that governance power didn’t translate into direct economic value for holders, since the protocol’s fee switch, which would route trading fees to UNI stakers, remained a perpetual “maybe someday” proposition.
It’s also worth noting the mechanics of the trade itself. Going through Flowdesk OTC rather than buying on-chain through a DEX or centralized exchange suggests Hayes wanted to minimize market impact. OTC desks handle large block trades off the open order book, which means the purchase didn’t create a visible buy wall that could have driven the price up before he finished accumulating.
The whale-watching game On-chain tracking has become its own cottage industry in crypto. Platforms like Lookonchain, Arkham, and Nansen make it trivially easy to follow wallets associated with known traders, funds, and institutions. Every large transaction gets screenshotted, posted to social media, and dissected by thousands of followers looking for alpha.
What’s worth watching now is whether Hayes continues accumulating. A single $1.73M buy is notable. A pattern of repeated purchases at these levels would suggest genuine conviction rather than a tactical trade. His November 2025 buy followed by this much larger September 2026 purchase already hints at the former, but two data points aren’t exactly a trend line.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Robinhood Chain has recorded rapid growth, and Uniswap has become its largest direct beneficiary.
As AMBCrypto reported, tokenized-stock holders increased from nearly zero to 863,800 within two months.
Daily Trading Volume also averaged between $100 million and $130 million. That participation substantially increased Robinhood Chain’s Fees and Revenue.
Source: DeFiLlama On the 4th of September, daily Fees reached $6 million, while Revenue climbed to $5.4 million. That activity also pushed daily UNI burns to a record value.
Why did UNI burns cross $1M? Uniswap recorded higher activity alongside rising Fees and Revenue. DeFiLlama data showed that daily Fees reached $12.5 million, while Revenue exceeded $1 million.
Source: DeFiLlama As network activity accelerated, the value of burned UNI also climbed sharply.
According to the Wu Blockchain Data Center, daily UNI burns reached $1.15 million. That marked the first time their daily value surpassed $1 million.
Source: Wu Blockchain Data Center Around 184,000 UNI were burned, marking the second-highest daily total on record. Robinhood Chain generated approximately 150,000 UNI of that amount.
On the same day, Robinhood DEX Volume surpassed $3 billion for the first time.
Uniswap accounted for 98% of that activity, making it the primary engine behind the burn. Token burns reduce circulating supply. However, their price impact still depends on demand and the size of remaining supply.
Can UNI price follow the burn? Despite record burns, Uniswap [UNI] continued facing selling pressure from Spot traders. Spot Netflow rose to $2.1 million after recording -$6.6 million during the previous session.
Source: CoinGlass That reversal indicated renewed exchange inflows and potential profit-taking.
Even so, UNI’s market structure retained a bullish bias. The Positive Directional Indicator [+DI] remained above the Negative Directional Indicator [-DI], showing that buyers maintained directional control.
Source: TradingView Meanwhile, the Average Directional Index [ADX] remained above its SMA, supporting the trend’s strength. The Advance Decline Ratio also held above 1, confirming broader bullish participation.
Therefore, stronger demand alongside continued burns could help Uniswap [UNI] clear $6.50 and target $7.
However, UNI must defend $6. Losing that level could expose the $5.60 support. Uniswap’s burn mechanism is working. The unanswered question is when the market will price that value accrual.
Final Summary Robinhood Chain reached 863,800 tokenized-stock holders within two months. Its daily Trading Volume averaged between $100 million and $130 million. Uniswap [UNI] could target $7 if demand strengthens and $6 remains support.
Token Terminal just quietly turned its real-world asset dashboard into something resembling a Bloomberg terminal for on-chain finance. The crypto analytics platform added 145 new tokenized asset deployments, including five tokenized stocks on Solana with a combined market cap of roughly $1.7 million.
The bigger picture behind the update The five Solana-based tokenized stocks are part of a much larger expansion that brought three new issuers onto Token Terminal’s radar: Backpack, Anchored Finance, and xStocks.
With these additions, Token Terminal now tracks over 4,600 assets across more than 310 issuers and 45 different blockchains. The total market capitalization of everything on the dashboard sits at approximately $345 billion.
For context, the platform was covering roughly 300 assets back in November 2025. Going from 300 to 4,600 in under a year is the kind of growth curve that makes venture capitalists start hyperventilating.
Stablecoins account for about 94% of that $345 billion figure, or north of $300 billion. Strip those out, and the remaining tokenized stocks, bonds, and other RWAs clock in at around $20.7 billion combined.
Backpack’s 1:1 redemption model Among the three new issuers, Backpack stands out for a specific structural reason. Its tokenized stocks are built on a 1:1 redemption model, meaning holders can redeem tokens for the underlying shares through authorized brokers.
This matters because not all tokenized equities work the same way. Some are purely synthetic, tracking a stock’s price without any actual shares backing the token. Backpack’s approach anchors its tokens to real equity, which reduces counterparty risk and gives holders a path to settle back into traditional finance rails. The five tokenized stocks on Solana with that $1.7 million market cap appear to align with Backpack’s deployments on that chain.
Meanwhile, xStocks has taken a volume-first approach, launching over 700 tokenized US equities and ETFs.
Why standardized metrics matter now Token Terminal’s expansion isn’t just about adding more assets to a list. It’s about creating a standardized framework for comparing tokenized assets across different issuers and chains.
Right now, the RWA space is fragmented in ways that make apples-to-oranges comparisons look straightforward. One issuer might report market cap based on tokens minted, another based on tokens actually in circulation, and a third might not report at all. Different blockchains have different settlement characteristics. Redemption mechanisms vary wildly.
Having a single dashboard that normalizes this data across 45 blockchains and 310 issuers gives traders and institutional allocators something they desperately need: a way to actually compare what they’re looking at.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Tokenized stocks sitting on Solana and Robinhood Chain have crossed $152 million in combined DeFi deposits. That figure represents roughly 79% of the entire $192.6 million in tokenized-equity DeFi TVL across all chains, a concentration that says a lot about where this market is actually happening.
Solana commands the lion’s share at approximately $75.4 million, good for 64.5% of the global market in tokenized-stock DeFi deposits. Robinhood Chain, barely two months old, has already muscled its way to second place. The rest of the field, Ethereum included at around $15 million, is fighting over scraps.
From trading tokens to farming yield Still, only about 5% of all tokenized equities have actually entered DeFi lending protocols. That’s a tiny fraction of a $3.1 billion total tokenized equity market cap. Solana hosts the largest share of that deployed capital, which tracks with its broader dominance in onchain equity trading.
In Q2 2026, Solana recorded $5.8 billion in tokenized-stock DEX volume. That’s roughly 95% of all onchain equity trading globally, a 114% increase from the prior quarter. Platforms like xStocks and Raydium have been the primary venues facilitating that flow.
Robinhood Chain’s aggressive entrance Robinhood Chain launched on July 1, 2026, as a Layer 2 solution built on Ethereum, purpose-built for tokenized real-world assets. Within its first month, the platform’s tokenized equities reached an active market value of nearly $72.7 million. That represents close to a sevenfold increase from its early days, driven largely by trading activity in familiar names: tokenized GameStop hit a daily trading volume of $26.6 million shortly after launch, and Nvidia proved similarly popular.
Weekly spot volume across major chains reached approximately $3 billion in August 2026, with Robinhood Chain capturing a meaningful slice despite being the newest entrant. Grayscale has identified Solana, Robinhood Chain, and BNB Chain as the three leading platforms for tokenized equity volume.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
WLFI advisor Ogle is the actual top holder of PONS, holding 15.28 million PONS at an average price of $0.1.
According to EmberCN's monitoring, WLFI advisor ogle's PONS holdings are not the 10.96 million units shown on FOMO, but 15.28 million units valued at $13.92 million. He also holds 4.32 million PONS in another address, worth $3.86 million. Ogle is actually the top PONS whale, having accumulated a total of 15.28 million PONS at an average price of $0.1 per unit, with an unrealized profit of $13.77 million, marking an 87x gain. The relevant addresses are: 0x1Bcc5f67CD17e13770F199fA03bC043b0cde1143; 0x825F23921dCFf36944d8B0b0CA23ac7D05fB86cB
10 minutes ago
OpenAI Simultaneously Recruits Schumer’s Daughter and Veteran Republican Operative to Focus on U.S. State AI Policies
From Beating AI Express News: OpenAI has appointed three new state-level policy heads, with Jessica Schumer drawing the most attention. She is the daughter of US Senate Minority Leader Chuck Schumer, previously served as chief of staff at the Obama administration’s Council of Economic Advisers, and later led Amazon’s public policy work in New York. At OpenAI, she will oversee policy and partnerships in the US Northeast. Another new hire, Caulder Harvill-Childs, previously worked in public policy at Meta and also served Republican Georgia House Speaker Jon Burns; he will now be responsible for the US Southeast. Thomas MacLellan will handle state-level cybersecurity policy, with prior experience at firms including Palo Alto Networks, Symantec, and FireEye. OpenAI is shifting more focus to US states, a strategy it terms "reverse federalism": instead of waiting for Congress to enact uniform legislation, it is pushing major states like California and New York to adopt similar AI rules, eventually forming de facto national standards. OpenAI publicly noted that California, New York, and Illinois have already started aligning on frontier AI safety rules.
10 minutes ago
Altcoins rally broadly, with Layer 2 (L2) and DeFi sectors surging sharply. ARB, RAY, and SUSHI – the direct beneficiaries of the Meme craze – lead the market’s gains.
According to HTX market data, altcoins are rallying broadly amid active trading on Robinhood, BNB Chain, and Solana. The L2, DeFi, and DEX sectors are seeing sharp gains, with L2 led by ARB, followed by OP, STRK, IMX, etc. DeFi and DEX tokens including RAY, ORCA, JUP, UNI, SUSHI, CAKE, CRV, SPK, LISTA, and ENA are all rising, as capital flows back to DeFi projects with real trading use cases and fee mechanisms. On BNB Chain, boosted by BNB breaking above $780, tokens like BOME, 1000CAT, MARSCOIN, and TUT are also climbing. Meanwhile, today’s Altcoin Season Index has risen to 40, meaning roughly 40 of the top 100 cryptocurrencies by market cap have outperformed Bitcoin over the past 90 days, and total altcoin market cap has hit $1.10 trillion. Top gainers: ARB up over 51% in 24 hours, trading at $0.1997. Robinhood Chain, an Ethereum L2 built on Arbitrum Orbit, allocates 10% of its net protocol revenue to the Arbitrum ecosystem—8% to the DAO treasury and 2% to development funds. RAY up over 42% in 24 hours, trading at $1.177. Solana-based token launch platform StonkFun announced it has integrated with Raydium LaunchLab. Going forward, all new StonkFun token deployments will launch via LaunchLab to cut costs, reduce front-running risks, and enable auto-compounding liquidity post-binding. SUSHI up over 24% in 24 hours, trading at $0.2385. SushiSwap has integrated its DEX and launchpad into Robinhood Chain, allowing new tokens to pair with tokenized stocks and launch with an existing Sushi V3 pool. SushiSwap Launch V2 is set to launch around September 4, with SUSHI serving as the launchpad’s quote asset. Other notable 24-hour gains: BOME, IOST, 1000CAT up over 20%; COTI, TUT, CAKE, SPK, UNI, STRK, MET, ORCA up over 10%; CRV, ENA, IMX, JUP, LISTA also posting solid increases.
10 minutes ago
StonkFun completes a $1 million buyback of STONK tokens; its platform token STONK surpasses $100 million in market cap today.
Solana-based token launch platform StonkFun announced it has completed a $1 million STONK token buyback, while over $7.5 million in rewards have been distributed to holders in the StonkFun ecosystem. StonkFun also announced it has launched on Raydium LaunchLab. Going forward, all new StonkFun token deployments will be initiated via LaunchLab to lower deployment costs, reduce sniper risks, and enable automatic liquidity compounding after binding is completed. According to GMGN market data, StonkFun’s platform token STONK surpassed $100 million in market cap today, currently trading at $92 million, with a 256% 24-hour gain and $30.4 million in trading volume over the same period. BlockBeats reminds users that related token prices are highly volatile, so investors should exercise caution.
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Word has it that the first checkpoint of Google's new Pro model has emerged, with a possible public release in October.
Beating AI Express News: Leaker Lyra claims Google’s next Pro model already has its first checkpoint (a saved model state version from training) and is set to be unveiled in October. Lyra also predicts a new Flash-Lite launch in September, alongside an update to Nano Banana 2 Lite. The final name for the new Pro model remains unconfirmed; some community members speculate it could be Gemini 4 Pro, while others believe it may be another Pro variant.
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Leading DeFi researcher questions Ethereum’s Layer 2 strategy: Robinhood’s revenue has surged, yet Layer 1 settlement layer revenue remains low—Is this a problem?
Renowned DeFi researcher Ignas points out that Robinhood’s Layer 2 (L2) network paid just around $722 to its underlying base layer yesterday, while Robinhood itself posted a record $6 million in fee revenue that same day—roughly 10% of which went to Arbitrum, with nearly negligible amounts reaching Ethereum’s Layer 1 (L1). Against this backdrop, Ignas questions: Is this structure, where platforms rake in massive profits while the settlement layer gets almost nothing, actually a problem for Ethereum? Ethereum may currently be using low fees to onboard TradFi players into its ecosystem, planning to raise revenue shares once user migration costs become sufficiently high. If Ethereum’s official roadmap does include a strategy of first attracting a large number of L2s, then monetizing on L1 after switching costs rise, this could be positive for ETH—but such an approach is not visible in Ethereum’s current roadmap.
Solana (SOL) is holding its key support zone and preserving a bullish outlook, as recent price action and network metrics suggest sustained optimism for further recovery. With investors focused on both technical and on-chain indicators, SOL continues to be a closely watched altcoin in the current market cycle.
Solana price remains above key supportAt press time, SOL is trading at $103.25, showing a 1.3% gain over the past 24 hours. The token’s 24-hour trading volume stands at $2.15 billion, and its market capitalization has reached $60.45 billion. Market analyst More Crypto Online reported that Solana is defending its crucial support region between $90.50 and $100.48, a level that has allowed the bullish trend structure to remain intact.
Holding above this range is critical for market participants seeking further upward moves. As long as SOL stays within or above these levels, buyers could retain confidence, and upward momentum may continue. The next significant resistance area is located at $110. A confirmed breakout above this level may encourage additional gains, while a drop below $90.50 could weaken the bullish setup and bring increased selling pressure.
Derivative market shows mixed sentimentData from Coinglass highlights contrasting signals in the Solana derivatives market. Trading volume has declined by 42.33%, reaching $4.44 billion, which could indicate reduced trading activity and market participation. At the same time, open interest has grown by 2.86% to $6.38 billion, suggesting that investors are still holding substantial positions in anticipation of a potential move by SOL.
MetricPreviousCurrentChangeTrading Volume$7.7 billion$4.44 billion-42.33%Open Interest$6.20 billion$6.38 billion+2.86%Technical analysis on TradingView reveals that Solana’s price recently broke out of a consolidation phase, driven by renewed buying pressure. After touching a low of $57.50 in June, SOL traded between $73 and $84 in August, later climbing to $114.80—above the 20-day simple moving average (SMA) of $96.98.
Indicators point to strong bullish momentum, but the Relative Strength Index (RSI) has cooled to 64.80 from previously overbought levels above 70, indicating prices are stabilizing after recent gains. As long as SOL remains above key moving averages, the upward trend is expected to persist with resistance at $114.80.
Solana strengthens position among top blockchainsCrypto analyst curb reported that Solana led all blockchains in application-generated revenue over the past week, reaching $42.28 million and outpacing major competitors. The platform’s decentralized applications (dApps), including trading platforms and DeFi protocols, have seen significant user engagement and economic activity.
Consistent earnings and high on-chain activity suggest strong demand for services built on Solana, reinforcing its broader fundamental appeal. High transaction volumes, lower fees, and increased application usage remain key components supporting an active on-chain ecosystem.
If growth in network usage and earnings continues, Solana could further solidify its status as a leading platform for decentralized applications.
Solana is an open-source blockchain platform developed for decentralized applications and cryptocurrency projects, known for its high throughput and low costs.
Mini dictionary: Open interest, a term in derivatives markets, measures the total number of outstanding contracts (such as futures or options) that haven’t been settled. Rising open interest often suggests that new money is entering the market, reflecting growing investor participation or anticipation of significant price movements.
Outlook for SOL price and network performanceSolana maintains crucial support levels, giving bulls a potential setup to challenge the $110 resistance. Positive momentum, the involvement of derivatives traders, and ongoing network activity are influencing short-term market expectations.
Solana’s strong earnings, robust dApp engagement, and bullish technical metrics continue fueling optimism for the blockchain’s near-term performance, but caution remains as losses in support could trigger a reversal.
The upward trend is substantiated by the current RSI and prices holding above vital moving averages. Investors are closely monitoring support levels and resistance at $114.80 to gauge the next decisive move for SOL.
Movements in Bitcoin’s price are also contributing to the general direction of the altcoin market, including Solana’s trend.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
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.
TLDR: The Solana price prediction stays bullish while SOL holds the $90.50 to $100.48 support band, with buyers targeting $110 to $113. A confirmed move above $113 could expose Fibonacci resistance at $132.93 and $160.42 before the conditional $200 to $230 region. Solana processed about five billion transactions in August, while its applications produced $42.28 million in weekly revenue. Derivatives activity remains mixed because volume fell 42.33% to $4.44 billion while open interest rose 2.86% to $6.38 billion. Solana trades near $103.25 after gaining 1.3% in 24 hours. The latest advance keeps the Solana price prediction focused on resistance between $110 and $113. Buyers also continue defending the broader $90.50 to $100.48 support band. That structure supports another breakout attempt after months of consolidation.
SOL records about $2.15 billion in daily trading volume and holds a $60.45 billion market value. Market data also shows strong application revenue and heavy transaction activity across the network. Derivatives indicators remain mixed, though rising open interest suggests traders expect a larger move. Bitcoin’s broader recovery also provides a firmer backdrop for buyers.
Solana Price Prediction Tests Resistance Near $110 to $113 The three-day SOL chart shows a breakout from a pattern formed after the June low. There, sellers produced lower highs while buyers gradually raised support. SOL price has crossed the pattern’s descending boundary and improved its short-term position.
The first upside objective stands near $113, above the immediate $110.15 resistance. A decisive close above this region could establish a higher range. It would also direct attention toward the next Fibonacci target at $132.93.
Higher resistance appears at $160.42 and $209.63. Analyst More Crypto Online identifies $200 as the long-term objective, while the chart marks $230. Those targets remain conditional because SOL still faces a descending trendline extending from its 2025 highs.
The daily chart defines the downside levels clearly. Initial support sits at $100.48, matching the 23.6% Fibonacci retracement. Further demand zones appear at $94.83 and $90.50, aligned with 38.2% and 50% retracements.
Source: TradingView Holding this band would preserve the latest higher-high scenario. A sustained loss of $90.50 would weaken the bullish setup and increase the risk of a deeper reset. Therefore, the Solana price prediction depends first on support holding, then on buyers clearing $110 to $113.
The Solana price prediction also reflects cooling momentum. SOL recently climbed from a June low near $57.50 to $114.80. It also moved above its 20-day simple moving average, recently shown near $96.98.
The Relative Strength Index has eased to 65 after previously entering overbought territory above 70. This decline suggests momentum has moderated without reversing. SOL price holding above key moving averages keeps the recovery structure intact.
Solana Network Activity Supports the Bullish Price Setup Solana network activity adds a fundamental layer to the Solana price prediction. The blockchain processed about five billion transactions during August, exceeding 100,000 transactions per minute. It achieved that volume while maintaining fees below those charged by several competing networks.
Solana handled 5 billion transactions in August, an unfathomable level of activity that exceeded all other networks combined.
That's more than 100,000 every minute.
And it did this while keeping fees orders of magnitude lower than other chains. pic.twitter.com/jKIsmd5dYy
— Solana (@solana) September 5, 2026
Application revenue provides another measure of demand. Solana applications generated $42.28 million during the week, placing the network above rival chains. Trading platforms, decentralized finance services, and consumer applications contributed to that total.
Consistent application earnings indicate that users continue interacting with the network beyond speculative token trading. High throughput and low transaction costs help applications support frequent activity. Continued demand could strengthen the Solana price prediction.
Derivatives markets present a less uniform picture. Trading volume fell 42.33% to $4.44 billion, indicating weaker short-term participation. Meanwhile, open interest increased 2.86% to $6.38 billion, showing that traders kept positions active despite lower turnover.
Source: Coinglass The combination can precede a sharper price move because leverage stays open while immediate activity declines. It does not confirm direction, making spot support and resistance especially important. Buyers need sustained volume above $113 to validate the breakout and reduce false-move risk.
The near-term roadmap now centers on three zones over the coming sessions. SOL must defend $100.48 to preserve immediate momentum and hold $90.50 to protect the wider structure. A confirmed push through $110 to $113 would expose $132.93, with $160.42 becoming the next technical barrier.
WLFI advisor Ogle is the actual top holder of PONS, holding 15.28 million PONS at an average price of $0.1.
According to EmberCN's monitoring, WLFI advisor ogle's PONS holdings are not the 10.96 million units shown on FOMO, but 15.28 million units valued at $13.92 million. He also holds 4.32 million PONS in another address, worth $3.86 million. Ogle is actually the top PONS whale, having accumulated a total of 15.28 million PONS at an average price of $0.1 per unit, with an unrealized profit of $13.77 million, marking an 87x gain. The relevant addresses are: 0x1Bcc5f67CD17e13770F199fA03bC043b0cde1143; 0x825F23921dCFf36944d8B0b0CA23ac7D05fB86cB
10 minutes ago
OpenAI Simultaneously Recruits Schumer’s Daughter and Veteran Republican Operative to Focus on U.S. State AI Policies
From Beating AI Express News: OpenAI has appointed three new state-level policy heads, with Jessica Schumer drawing the most attention. She is the daughter of US Senate Minority Leader Chuck Schumer, previously served as chief of staff at the Obama administration’s Council of Economic Advisers, and later led Amazon’s public policy work in New York. At OpenAI, she will oversee policy and partnerships in the US Northeast. Another new hire, Caulder Harvill-Childs, previously worked in public policy at Meta and also served Republican Georgia House Speaker Jon Burns; he will now be responsible for the US Southeast. Thomas MacLellan will handle state-level cybersecurity policy, with prior experience at firms including Palo Alto Networks, Symantec, and FireEye. OpenAI is shifting more focus to US states, a strategy it terms "reverse federalism": instead of waiting for Congress to enact uniform legislation, it is pushing major states like California and New York to adopt similar AI rules, eventually forming de facto national standards. OpenAI publicly noted that California, New York, and Illinois have already started aligning on frontier AI safety rules.
10 minutes ago
Altcoins rally broadly, with Layer 2 (L2) and DeFi sectors surging sharply. ARB, RAY, and SUSHI – the direct beneficiaries of the Meme craze – lead the market’s gains.
According to HTX market data, altcoins are rallying broadly amid active trading on Robinhood, BNB Chain, and Solana. The L2, DeFi, and DEX sectors are seeing sharp gains, with L2 led by ARB, followed by OP, STRK, IMX, etc. DeFi and DEX tokens including RAY, ORCA, JUP, UNI, SUSHI, CAKE, CRV, SPK, LISTA, and ENA are all rising, as capital flows back to DeFi projects with real trading use cases and fee mechanisms. On BNB Chain, boosted by BNB breaking above $780, tokens like BOME, 1000CAT, MARSCOIN, and TUT are also climbing. Meanwhile, today’s Altcoin Season Index has risen to 40, meaning roughly 40 of the top 100 cryptocurrencies by market cap have outperformed Bitcoin over the past 90 days, and total altcoin market cap has hit $1.10 trillion. Top gainers: ARB up over 51% in 24 hours, trading at $0.1997. Robinhood Chain, an Ethereum L2 built on Arbitrum Orbit, allocates 10% of its net protocol revenue to the Arbitrum ecosystem—8% to the DAO treasury and 2% to development funds. RAY up over 42% in 24 hours, trading at $1.177. Solana-based token launch platform StonkFun announced it has integrated with Raydium LaunchLab. Going forward, all new StonkFun token deployments will launch via LaunchLab to cut costs, reduce front-running risks, and enable auto-compounding liquidity post-binding. SUSHI up over 24% in 24 hours, trading at $0.2385. SushiSwap has integrated its DEX and launchpad into Robinhood Chain, allowing new tokens to pair with tokenized stocks and launch with an existing Sushi V3 pool. SushiSwap Launch V2 is set to launch around September 4, with SUSHI serving as the launchpad’s quote asset. Other notable 24-hour gains: BOME, IOST, 1000CAT up over 20%; COTI, TUT, CAKE, SPK, UNI, STRK, MET, ORCA up over 10%; CRV, ENA, IMX, JUP, LISTA also posting solid increases.
10 minutes ago
StonkFun completes a $1 million buyback of STONK tokens; its platform token STONK surpasses $100 million in market cap today.
Solana-based token launch platform StonkFun announced it has completed a $1 million STONK token buyback, while over $7.5 million in rewards have been distributed to holders in the StonkFun ecosystem. StonkFun also announced it has launched on Raydium LaunchLab. Going forward, all new StonkFun token deployments will be initiated via LaunchLab to lower deployment costs, reduce sniper risks, and enable automatic liquidity compounding after binding is completed. According to GMGN market data, StonkFun’s platform token STONK surpassed $100 million in market cap today, currently trading at $92 million, with a 256% 24-hour gain and $30.4 million in trading volume over the same period. BlockBeats reminds users that related token prices are highly volatile, so investors should exercise caution.
10 minutes ago
Word has it that the first checkpoint of Google's new Pro model has emerged, with a possible public release in October.
Beating AI Express News: Leaker Lyra claims Google’s next Pro model already has its first checkpoint (a saved model state version from training) and is set to be unveiled in October. Lyra also predicts a new Flash-Lite launch in September, alongside an update to Nano Banana 2 Lite. The final name for the new Pro model remains unconfirmed; some community members speculate it could be Gemini 4 Pro, while others believe it may be another Pro variant.
10 minutes ago
Leading DeFi researcher questions Ethereum’s Layer 2 strategy: Robinhood’s revenue has surged, yet Layer 1 settlement layer revenue remains low—Is this a problem?
Renowned DeFi researcher Ignas points out that Robinhood’s Layer 2 (L2) network paid just around $722 to its underlying base layer yesterday, while Robinhood itself posted a record $6 million in fee revenue that same day—roughly 10% of which went to Arbitrum, with nearly negligible amounts reaching Ethereum’s Layer 1 (L1). Against this backdrop, Ignas questions: Is this structure, where platforms rake in massive profits while the settlement layer gets almost nothing, actually a problem for Ethereum? Ethereum may currently be using low fees to onboard TradFi players into its ecosystem, planning to raise revenue shares once user migration costs become sufficiently high. If Ethereum’s official roadmap does include a strategy of first attracting a large number of L2s, then monetizing on L1 after switching costs rise, this could be positive for ETH—but such an approach is not visible in Ethereum’s current roadmap.
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.
According to GMGN market data, Solana-based meme coin Stonks has exceeded $100 million in market capitalization, currently standing at $92 million, with a 256% 24-hour gain and $30.4 million in trading volume over the same period. BlockBeats reminds users that related token prices are highly volatile, so investment caution is advised.
BNB Chain’s Executive Director of Growth Nina Rong stated that regarding the debate between Arbitrum founder Steven Goldfeder and Solana co-founder Toly over Robinhood Chain’s fee model, she wants to underscore one key point: further reducing gas fees is no longer the top priority for the blockchain industry. The real priority for all public chains today is to develop a sustainable business model and reinvest proceeds into technology and growth. This model could take the form of gas fees, revenue sharing, or other commercial partnerships. Over the past five years, blockchain foundations have largely been associated with two core activities: issuing grants and making investments, as well as cutting gas fees. To sustain the industry for another five years, blockchain companies must have robust business structures.
WLFI advisor Ogle is the actual top holder of PONS, holding 15.28 million PONS at an average price of $0.1.
According to EmberCN's monitoring, WLFI advisor ogle's PONS holdings are not the 10.96 million units shown on FOMO, but 15.28 million units valued at $13.92 million. He also holds 4.32 million PONS in another address, worth $3.86 million. Ogle is actually the top PONS whale, having accumulated a total of 15.28 million PONS at an average price of $0.1 per unit, with an unrealized profit of $13.77 million, marking an 87x gain. The relevant addresses are: 0x1Bcc5f67CD17e13770F199fA03bC043b0cde1143; 0x825F23921dCFf36944d8B0b0CA23ac7D05fB86cB
10 minutes ago
OpenAI Simultaneously Recruits Schumer’s Daughter and Veteran Republican Operative to Focus on U.S. State AI Policies
From Beating AI Express News: OpenAI has appointed three new state-level policy heads, with Jessica Schumer drawing the most attention. She is the daughter of US Senate Minority Leader Chuck Schumer, previously served as chief of staff at the Obama administration’s Council of Economic Advisers, and later led Amazon’s public policy work in New York. At OpenAI, she will oversee policy and partnerships in the US Northeast. Another new hire, Caulder Harvill-Childs, previously worked in public policy at Meta and also served Republican Georgia House Speaker Jon Burns; he will now be responsible for the US Southeast. Thomas MacLellan will handle state-level cybersecurity policy, with prior experience at firms including Palo Alto Networks, Symantec, and FireEye. OpenAI is shifting more focus to US states, a strategy it terms "reverse federalism": instead of waiting for Congress to enact uniform legislation, it is pushing major states like California and New York to adopt similar AI rules, eventually forming de facto national standards. OpenAI publicly noted that California, New York, and Illinois have already started aligning on frontier AI safety rules.
10 minutes ago
Altcoins rally broadly, with Layer 2 (L2) and DeFi sectors surging sharply. ARB, RAY, and SUSHI – the direct beneficiaries of the Meme craze – lead the market’s gains.
According to HTX market data, altcoins are rallying broadly amid active trading on Robinhood, BNB Chain, and Solana. The L2, DeFi, and DEX sectors are seeing sharp gains, with L2 led by ARB, followed by OP, STRK, IMX, etc. DeFi and DEX tokens including RAY, ORCA, JUP, UNI, SUSHI, CAKE, CRV, SPK, LISTA, and ENA are all rising, as capital flows back to DeFi projects with real trading use cases and fee mechanisms. On BNB Chain, boosted by BNB breaking above $780, tokens like BOME, 1000CAT, MARSCOIN, and TUT are also climbing. Meanwhile, today’s Altcoin Season Index has risen to 40, meaning roughly 40 of the top 100 cryptocurrencies by market cap have outperformed Bitcoin over the past 90 days, and total altcoin market cap has hit $1.10 trillion. Top gainers: ARB up over 51% in 24 hours, trading at $0.1997. Robinhood Chain, an Ethereum L2 built on Arbitrum Orbit, allocates 10% of its net protocol revenue to the Arbitrum ecosystem—8% to the DAO treasury and 2% to development funds. RAY up over 42% in 24 hours, trading at $1.177. Solana-based token launch platform StonkFun announced it has integrated with Raydium LaunchLab. Going forward, all new StonkFun token deployments will launch via LaunchLab to cut costs, reduce front-running risks, and enable auto-compounding liquidity post-binding. SUSHI up over 24% in 24 hours, trading at $0.2385. SushiSwap has integrated its DEX and launchpad into Robinhood Chain, allowing new tokens to pair with tokenized stocks and launch with an existing Sushi V3 pool. SushiSwap Launch V2 is set to launch around September 4, with SUSHI serving as the launchpad’s quote asset. Other notable 24-hour gains: BOME, IOST, 1000CAT up over 20%; COTI, TUT, CAKE, SPK, UNI, STRK, MET, ORCA up over 10%; CRV, ENA, IMX, JUP, LISTA also posting solid increases.
10 minutes ago
StonkFun completes a $1 million buyback of STONK tokens; its platform token STONK surpasses $100 million in market cap today.
Solana-based token launch platform StonkFun announced it has completed a $1 million STONK token buyback, while over $7.5 million in rewards have been distributed to holders in the StonkFun ecosystem. StonkFun also announced it has launched on Raydium LaunchLab. Going forward, all new StonkFun token deployments will be initiated via LaunchLab to lower deployment costs, reduce sniper risks, and enable automatic liquidity compounding after binding is completed. According to GMGN market data, StonkFun’s platform token STONK surpassed $100 million in market cap today, currently trading at $92 million, with a 256% 24-hour gain and $30.4 million in trading volume over the same period. BlockBeats reminds users that related token prices are highly volatile, so investors should exercise caution.
10 minutes ago
Word has it that the first checkpoint of Google's new Pro model has emerged, with a possible public release in October.
Beating AI Express News: Leaker Lyra claims Google’s next Pro model already has its first checkpoint (a saved model state version from training) and is set to be unveiled in October. Lyra also predicts a new Flash-Lite launch in September, alongside an update to Nano Banana 2 Lite. The final name for the new Pro model remains unconfirmed; some community members speculate it could be Gemini 4 Pro, while others believe it may be another Pro variant.
10 minutes ago
Leading DeFi researcher questions Ethereum’s Layer 2 strategy: Robinhood’s revenue has surged, yet Layer 1 settlement layer revenue remains low—Is this a problem?
Renowned DeFi researcher Ignas points out that Robinhood’s Layer 2 (L2) network paid just around $722 to its underlying base layer yesterday, while Robinhood itself posted a record $6 million in fee revenue that same day—roughly 10% of which went to Arbitrum, with nearly negligible amounts reaching Ethereum’s Layer 1 (L1). Against this backdrop, Ignas questions: Is this structure, where platforms rake in massive profits while the settlement layer gets almost nothing, actually a problem for Ethereum? Ethereum may currently be using low fees to onboard TradFi players into its ecosystem, planning to raise revenue shares once user migration costs become sufficiently high. If Ethereum’s official roadmap does include a strategy of first attracting a large number of L2s, then monetizing on L1 after switching costs rise, this could be positive for ETH—but such an approach is not visible in Ethereum’s current roadmap.
Solana-based token launch platform StonkFun announced it has completed a $1 million STONK token buyback, while over $7.5 million in rewards have been distributed to holders in the StonkFun ecosystem. StonkFun also announced it has launched on Raydium LaunchLab. Going forward, all new StonkFun token deployments will be initiated via LaunchLab to lower deployment costs, reduce sniper risks, and enable automatic liquidity compounding after binding is completed. According to GMGN market data, StonkFun’s platform token STONK surpassed $100 million in market cap today, currently trading at $92 million, with a 256% 24-hour gain and $30.4 million in trading volume over the same period. BlockBeats reminds users that related token prices are highly volatile, so investors should exercise caution.
Two months after Robinhood launched its own blockchain, the question of who actually benefits from its fee structure has turned into a proxy war between Arbitrum and Solana’s founding teams.
Offchain Labs co-founder Steven Goldfeder and Solana co-founder Anatoly Yakovenko took their disagreement public on X in early September 2026, trading barbs over Robinhood Chain’s transaction fee model. At stake: 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.
The $0.40 question Robinhood Chain launched on July 1, 2026, built on the Arbitrum Orbit framework. It uses ETH as its gas asset, runs 100-millisecond block times, and supports both tokenized real-world assets and DeFi activity. By early September, the chain was processing around 10.4 million transactions per day during peak periods, generating roughly $4.22 million in daily fees.
Average transaction costs had climbed to approximately $0.40 each during congestion spikes.
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Yakovenko fired first, posting his critique around September 3-4. His argument: Robinhood’s chain effectively profits from network congestion. Rather than collecting fees transparently and distributing them to validators, the model channels congestion-driven revenue back to Robinhood itself. In Yakovenko’s framing, that’s a misaligned incentive. The busier the chain gets, the more expensive it becomes for users, and the more money Robinhood makes.
Goldfeder’s rebuttal centered on the math. Under Robinhood’s arrangement with Arbitrum, Robinhood retains about 90% of sequencer revenues. The remaining 10% flows to the Arbitrum ecosystem. His point was straightforward: on Solana, those same fees would go to validators, and Robinhood would capture none of them. The Orbit model lets application builders monetize their own infrastructure.
Goldfeder emphasized that the Arbitrum model allows Robinhood to retain 90% of sequencer revenues, contrasting it with Solana where fees flow to validators with no direct benefit to the application layer.
Follow the money The revenue numbers make the debate more than academic. During peak activity, Robinhood Chain’s fee generation annualized at approximately $42 million. Even the 10% cut flowing to Arbitrum represented a meaningful revenue stream, with cumulative payments to Arbitrum exceeding hundreds of thousands of dollars in the chain’s first two months.
That flow of capital has had tangible market effects. Daily increases in ARB token prices reportedly exceeded 40% in the period following Robinhood Chain’s launch.
Yakovenko’s underlying critique, though, isn’t really about where the money goes. It’s about what happens to users when congestion equals profit. If Robinhood benefits from higher fees during peak usage, the incentive to reduce those fees diminishes. On Solana, validators earn from fees, but the protocol itself is designed to keep transaction costs as low as possible.
Competing visions of blockchain economics This debate sits at the intersection of two distinct philosophies. The Arbitrum Orbit model represents the “app-chain” thesis: applications should control their own execution environments, capture their own revenue, and treat the underlying L1 or L2 as modular infrastructure. The Solana model represents the “monolithic chain” thesis: one high-performance chain handles everything, fees stay low through engineering, and value accrues to the token rather than individual app operators.
Arbitrum’s approach gives builders like Robinhood economic flexibility to set fee parameters, capture sequencer revenue, and tailor the chain to their specific use case. The trade-off is that users bear the cost of congestion more directly, and the app operator has a financial interest in that congestion.
Solana’s approach prioritizes raw throughput and low costs at the base layer. For a company like Robinhood, which generated the vast majority of its traditional brokerage revenue from payment for order flow, the ability to internalize transaction economics is a powerful draw.
Investors watching both ecosystems should pay close attention to whether Robinhood’s daily transaction volumes hold steady at the 10-million-plus level, or whether fee sensitivity starts eroding usage.
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.
WLFI advisor Ogle is the actual top holder of PONS, holding 15.28 million PONS at an average price of $0.1.
According to EmberCN's monitoring, WLFI advisor ogle's PONS holdings are not the 10.96 million units shown on FOMO, but 15.28 million units valued at $13.92 million. He also holds 4.32 million PONS in another address, worth $3.86 million. Ogle is actually the top PONS whale, having accumulated a total of 15.28 million PONS at an average price of $0.1 per unit, with an unrealized profit of $13.77 million, marking an 87x gain. The relevant addresses are: 0x1Bcc5f67CD17e13770F199fA03bC043b0cde1143; 0x825F23921dCFf36944d8B0b0CA23ac7D05fB86cB
5 minutes ago
OpenAI Simultaneously Recruits Schumer’s Daughter and Veteran Republican Operative to Focus on U.S. State AI Policies
From Beating AI Express News: OpenAI has appointed three new state-level policy heads, with Jessica Schumer drawing the most attention. She is the daughter of US Senate Minority Leader Chuck Schumer, previously served as chief of staff at the Obama administration’s Council of Economic Advisers, and later led Amazon’s public policy work in New York. At OpenAI, she will oversee policy and partnerships in the US Northeast. Another new hire, Caulder Harvill-Childs, previously worked in public policy at Meta and also served Republican Georgia House Speaker Jon Burns; he will now be responsible for the US Southeast. Thomas MacLellan will handle state-level cybersecurity policy, with prior experience at firms including Palo Alto Networks, Symantec, and FireEye. OpenAI is shifting more focus to US states, a strategy it terms "reverse federalism": instead of waiting for Congress to enact uniform legislation, it is pushing major states like California and New York to adopt similar AI rules, eventually forming de facto national standards. OpenAI publicly noted that California, New York, and Illinois have already started aligning on frontier AI safety rules.
5 minutes ago
StonkFun completes a $1 million buyback of STONK tokens; its platform token STONK surpasses $100 million in market cap today.
Solana-based token launch platform StonkFun announced it has completed a $1 million STONK token buyback, while over $7.5 million in rewards have been distributed to holders in the StonkFun ecosystem. StonkFun also announced it has launched on Raydium LaunchLab. Going forward, all new StonkFun token deployments will be initiated via LaunchLab to lower deployment costs, reduce sniper risks, and enable automatic liquidity compounding after binding is completed. According to GMGN market data, StonkFun’s platform token STONK surpassed $100 million in market cap today, currently trading at $92 million, with a 256% 24-hour gain and $30.4 million in trading volume over the same period. BlockBeats reminds users that related token prices are highly volatile, so investors should exercise caution.
5 minutes ago
Word has it that the first checkpoint of Google's new Pro model has emerged, with a possible public release in October.
Beating AI Express News: Leaker Lyra claims Google’s next Pro model already has its first checkpoint (a saved model state version from training) and is set to be unveiled in October. Lyra also predicts a new Flash-Lite launch in September, alongside an update to Nano Banana 2 Lite. The final name for the new Pro model remains unconfirmed; some community members speculate it could be Gemini 4 Pro, while others believe it may be another Pro variant.
5 minutes ago
Leading DeFi researcher questions Ethereum’s Layer 2 strategy: Robinhood’s revenue has surged, yet Layer 1 settlement layer revenue remains low—Is this a problem?
Renowned DeFi researcher Ignas points out that Robinhood’s Layer 2 (L2) network paid just around $722 to its underlying base layer yesterday, while Robinhood itself posted a record $6 million in fee revenue that same day—roughly 10% of which went to Arbitrum, with nearly negligible amounts reaching Ethereum’s Layer 1 (L1). Against this backdrop, Ignas questions: Is this structure, where platforms rake in massive profits while the settlement layer gets almost nothing, actually a problem for Ethereum? Ethereum may currently be using low fees to onboard TradFi players into its ecosystem, planning to raise revenue shares once user migration costs become sufficiently high. If Ethereum’s official roadmap does include a strategy of first attracting a large number of L2s, then monetizing on L1 after switching costs rise, this could be positive for ETH—but such an approach is not visible in Ethereum’s current roadmap.
5 minutes ago
Base-based meme coin Basecat hits a market cap of $83 million, reaching an all-time high.
According to GMGN market data, the meme coin Basecat on the Base blockchain hit a market cap of $83 million, an all-time high. It rose around 38% in 24 hours, with trading volume of $7.6 million over the same period. Coinbase previously launched spot trading for BASECAT. Basecat is a well-recognized cat-themed meme in the Base ecosystem, and has regained capital attention as sentiment around multi-chain memes warms. BlockBeats reminds users: Most meme coins have no practical use cases and are highly volatile. Please protect your assets and avoid FOMO.
Shiba Inu, one of the best-performing meme tokens, is seeing renewed momentum after it recently saw a brief price correction as bullish traders flood its derivatives market again.
While this has printed a bullish signal for the leading meme token, the latest data from Coinglass shows a massive surge in activity in the Shiba Inu derivatives market across all exchanges.
Shiba Inu reclaims 10.74 trillion threshold As bullish traders appear to be dominating the crypto market again, Shiba Inu futures traders are also flooding the market as data shows an explosive surge in the asset's open interest volume over the last day.
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Per the data, the Shiba Inu open interest has surged by 19.28% over the last 24 hours as futures traders begin to show renewed interest and increasingly open new positions.
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Following this massive surge in the Shiba Inu open interest metric, over 10,740,000,000,000 SHIB tokens have been committed to derivative markets across all major exchanges as of Saturday, September 5th.
The rapid surge in Shiba Inu futures activity suggests that Shiba Inu holders are increasingly becoming convinced about a potential increase in the price of SHIB and are massively betting on this possibility.
Shiba Inu holds above $0.000005After Shiba Inu claimed the crucial $0.000005 price level during the massive price rally seen last month, the asset has continued to trade above that level until this moment.
While it has maintained the level despite the brief price correction seen in previous days, it appears that momentum around Shiba Inu is still strong and could drive the asset to removing a zero soon.
According to GMGN market data, the on-chain token PONS on Robinhood Chain briefly exceeded $990 million in market capitalization this morning, hitting a new all-time high. It has since pulled back to $860 million, with a 28% 24-hour price gain and $109.2 million in 24-hour trading volume. PONS is the native token of Pons, a token issuance platform built on Robinhood Chain. The platform supports the creation and issuance of fixed-supply tokens, uses collected WETH fees to repurchase PONS, and directly burns the PONS fees it charges. Some community members view it as the Robinhood Chain equivalent of Pump.fun. BlockBeats reminds users that such tokens are highly volatile, so investment requires caution.
Crypto investor Machi Big Brother has pulled his $1 million bid for Friend.tech and named venture firm Paradigm as the likely obstacle.
Instead, he urged co-founder Racer to relaunch the Web3 social app on Robinhood Chain. The reversal comes nine days after his original offer, sending FRIEND up more than 1,500%.
FRIEND Token Price Chart. Source: CoinGeckoMachi Big Brother Friend.tech Bid Collapses After 9 DaysMachi Big Brother, whose real name is Jeffrey Huang, opened the bid on Aug. 27. His $1 million buyout offer asked only for the project’s X account and web address.
Friend.tech launched on Base in 2023, allowing users to trade shares with each other. Paradigm led a seed round into the startup that same year.
However, Huang offered no evidence and framed the claim as a guess. He also has a history here. He bought 11 million FRIEND for roughly 5,200 ETH, and the position later shed over $16 million.
The original team gave up control of the smart contracts in September 2024. Therefore, it remains unclear what a buyer would own.
The FRIEND token price now sits near $0.0069, up roughly 5% in the past 24 hours. Its market value of about $659,000 trails the $4.89 million peak from the August rally. Over 90 days, however, the token still holds a 382% gain.
Robinhood Chain Emerges as Racer’s Next OptionHuang closed his post with a pivot. He told Racer to rebuild the app on Robinhood Chain and promised his backing.
I’m guessing my offer is being blocked by Paradigm. I rescind my offer. Racer relaunch Friendtech on Robinhood chain, I will support.
— Machi Big Brother (@machibigbrother) September 5, 2026 Robinhood Chain went live on July 1 as an Arbitrum-based layer-2 network. Since then, it has surpassed Ethereum in volume on decentralized exchanges and absorbed heavy meme-coin flows.
Meanwhile, that mix worries some analysts. Jon Ma of Artemis warned that the meme coin boom risk could undercut Robinhood’s tokenized-stock ambitions.
FRIEND held its 24-hour gain despite the withdrawal. Racer had not responded publicly by Saturday afternoon, and his answer will decide whether Friend.tech returns.
Surging trading on Robinhood Chain pushes ARB and SUSHI to the top of altcoin rankings, with both tokens rising over 40%.
According to HTX market data, ARB leads the altcoin gainers, surging 48.8% in a single day to trade at $0.197. ARB’s rally is primarily driven by the boom in on-chain activity on Robinhood. Built on the Arbitrum tech stack, Robinhood Chain’s 24-hour DEX trading volume exceeded $1.89 billion last night, surpassing Solana and BNB Chain to top the public chain rankings for the first time. Per their partnership licensing agreement, Robinhood Chain is required to return 10% of the protocol’s net revenue to the Arbitrum ecosystem: 8% goes to the Arbitrum DAO treasury, and 2% to the Arbitrum Developer Guild. SUSHI rose over 40% in 24 hours, breaking through $0.267, with its rally also fueled by the booming on-chain activity on Robinhood. SushiSwap has integrated its DEX and launchpad onto Robinhood Chain. Sushi Launch launched at the end of July, allowing new tokens to pair with tokenized stocks and gain immediate access to Sushi V3 pools upon listing. Around September 4, SushiSwap Launch V2 went live, enabling the SUSHI token to act as the quote asset on the launchpad.
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The crypto market has seen a minor rebound, with Bitcoin breaking through $80,000, Ethereum surpassing $2,500, and BNB rallying sharply to cross $780.
According to HTX market data, the crypto market saw a minor rebound on Sunday, pushing total crypto market capitalization to $2.781 trillion. Bitcoin broke above $80,000, while Ethereum crossed $2,500. Driven by robust trading activity in the BNB Chain ecosystem, BNB surged past $780 and is now trading at $764. SOL is priced at $104, HYPE at $85.8, and ZEC performed strongly, rising over 5% to hit $1,070. Leading altcoin gainers include ARB, which topped the list with a 48.8% single-day rally to trade at $0.197; SUSHI, up over 40% in 24 hours to break $0.267; and several BNB Chain ecosystem tokens such as MARSCOIN, 1000CAT, TUT, and CAKE, which also ranked among the top gainers amid the ecosystem’s hot trading activity.
10 minutes ago
Trader Loracle added to short positions on PONS, incurring an unrealized loss of roughly $6.94 million, with total losses from major short positions amounting to approximately $28.7 million.
According to TradingBeats’ monitoring, as PONS hits new highs approaching a $1 billion market capitalization, trader Loracle has been steadily adding to his short positions on PONS. Currently, he holds $23.11 million worth of short contracts on PONS, with an average entry price of $0.65, liquidation price of $1.82, and an unrealized loss of roughly $6.94 million. Loracle’s total unrealized loss across all short positions has climbed to around $28.7 million. His other major short positions include: $40.31 million short on HYPE, entry price of $53.97, unrealized loss of $15.02 million; $26.96 million short on SNDK, entry price of $1475.09, unrealized loss of $4.43 million; $19.64 million short on NVDA, entry price of $225.70, unrealized loss of $450,000; $10.65 million short on MU, entry price of $870.69, unrealized loss of $1.54 million; and $5.52 million short on CASHCAT, entry price of $0.23, unrealized loss of $310,000. On-chain perpetual contract and address analysis tool TradingBeats is now live, enabling real-time access to Hyperliquid data—from tracing whale operations to in-depth analysis, all at a glance.
10 minutes ago
Middle East Situation Tracker: U.S. and Iran launch reciprocal attacks on each other’s oil tankers, shipping in the Strait of Hormuz hit again, U.S. assessments suggest the conflict could drag on until November’s midterm elections.
Conflict persists across multiple Middle East regions, with the U.S. military and Iran’s Revolutionary Guard Corps (IRGC) claiming to have sunk each other’s oil tankers. U.S. Central Command (CENTCOM) confirmed it sank three IRGC oil tankers, while Iran said it struck three U.S.-linked vessels and three oil tankers. Shipping in the Strait of Hormuz has been disrupted. The UK’s Maritime Trade Operations (UKMTO) reported multiple merchant vessels in the Gulf were hit by “crippling fire”. An Iranian official added that vessels in the strait were “punished” daily last month. Conflict updates: CENTCOM says U.S. forces sank three IRGC oil tankers; the IRGC claims it struck three U.S.-linked vessels and three oil tankers. With the U.S.-Iran conflict entering its sixth month, U.S. intelligence agencies believe Iran has “gained confidence” and may seek to prolong the fighting at least until the November midterm elections. Iran’s military warned that if the U.S. continues its “destructive actions”, it will launch larger-scale strikes on U.S. forces. Iran denied that its Isfahan nuclear facility was attacked. Iranian media outlet Fars News reported explosions near Iran’s Kharg Island, with the specific cause unclear. Iran’s SNN news agency said an Iranian oil tanker near Kharg Island was hit by a missile, and no casualties have been reported so far. The Israeli military said it struck Hezbollah personnel and facilities in southern Lebanon. Sources said the Iranian tanker that was attacked was empty, and its engine room was targeted. Iraq’s Oil Minister announced that Iraq has increased its oil export capacity to over 3 million barrels per day. Qatar’s Prime Minister held talks with Lebanon’s Prime Minister on de-escalating regional tensions and maritime security issues.
10 minutes ago
Ethereum crosses $2,500, with a 1.83% gain over the past 24 hours.
According to HTX market data, Ethereum has surged past $2,500, posting a 1.83% gain in the past 24 hours.
10 minutes ago
Bonk Guy’s PONS holdings deliver over 150x returns, pushing his portfolio past $27 million to a new all-time high.
Trader Bonk Guy’s portfolio has hit a new all-time high of $27 million, with $20.83 million in gains over the past 30 days, making him the first trader on the Fomo platform to reach a $27 million portfolio. Bonk Guy is also the platform’s all-time top trader, posting $5.34 million in unrealized gains in the last 24 hours and $17.14 million in unrealized gains over the past seven days. The trader has previously emphasized that none of his trades or successes are his own doing, crediting all to God. Tokens PONS, USELESS, and MARSCOIN have contributed the majority of his unrealized gains. Bonk Guy initially purchased 10.9 million PONS tokens for $67,700; the holding is now worth over $10.27 million, delivering a 150x return on investment.
According to HTX market data, ARB leads the altcoin gainers, surging 48.8% in a single day to trade at $0.197. ARB’s rally is primarily driven by the boom in on-chain activity on Robinhood. Built on the Arbitrum tech stack, Robinhood Chain’s 24-hour DEX trading volume exceeded $1.89 billion last night, surpassing Solana and BNB Chain to top the public chain rankings for the first time. Per their partnership licensing agreement, Robinhood Chain is required to return 10% of the protocol’s net revenue to the Arbitrum ecosystem: 8% goes to the Arbitrum DAO treasury, and 2% to the Arbitrum Developer Guild. SUSHI rose over 40% in 24 hours, breaking through $0.267, with its rally also fueled by the booming on-chain activity on Robinhood. SushiSwap has integrated its DEX and launchpad onto Robinhood Chain. Sushi Launch launched at the end of July, allowing new tokens to pair with tokenized stocks and gain immediate access to Sushi V3 pools upon listing. Around September 4, SushiSwap Launch V2 went live, enabling the SUSHI token to act as the quote asset on the launchpad.
SUI has attracted significant bullish interest as technical momentum improves and trader positioning strengthens, helped by new initiatives to expand its real-world utility. Kravata, a fintech company, recently integrated stablecoin payments on the Sui blockchain, a move expected to increase adoption among both individual users and enterprises seeking streamlined global payments.
Technical performance and price actionAt press time, SUI trades at $0.8000, supported by a 24-hour trading volume of $479.92 million and carrying a market capitalization of $3.27 billion. The token registered a price rally of 6.81% over the past 24 hours.
Current chart patterns analyzed via TradingView suggest that SUI is in the early stages of recovery after correcting from its May peak of above $1.40. The asset reached a bottom near $0.60 before consolidating through July and August, followed by a recent surge close to $0.95 that established a higher low and lifted the price to the $0.80 range.
Technical indicators signal bullish momentum. The Relative Strength Index (RSI) stands at 58.99, comfortably above its signal average and in positive territory. The Moving Average Convergence Divergence (MACD) line sits above its signal line, accompanied by rising green histogram bars, reflecting continued buying pressure.
Market data from Coinglass shows a 10.56% decline in trading volumes to $730.46 million, yet open interest has increased by 8.39% to $655.65 million. This divergence suggests traders are leaning towards leveraged positions, possibly setting the stage for greater volatility in the near term.
MetricCurrent ValuePrevious ValuePrice$0.8000—24H Volume$479.92 million—Market Cap$3.27 billion—Trading Volume (Coinglass)$730.46 millionHigher by 10.56%Open Interest$655.65 millionUp by 8.39%Bullish outlook and analyst perspectivesAnalysts see growing investor interest in SUI, underscored by bullish price projections. One market observer suggested the potential for SUI to deliver a 70X gain from current levels, targeting a price point of $53. If achieved, this would correspond to a market capitalization of around $211 billion based on the current supply.
Supporters argue that previous cycles in the crypto sector have shown how quickly valuations can surge during speculative rallies. The current positive sentiment stems from confidence in the Sui network’s ability to scale and serve a substantial market.
SUI’s technical indicators show strengthening bullish momentum, while investor interest and open interest growth highlight expectations for further upside in the near term.
Kravata stablecoin integration and network utilityKravata has announced the deployment of payment infrastructure leveraging stablecoins on the Sui blockchain, aiming to simplify cross-border transactions for both businesses and individual users. This integration will allow payments, collections, and global account creation with near-zero fees, potentially making blockchain-based financial tools more accessible to a broader audience.
Kravata’s entry targets expanding Sui’s presence in fintech, stablecoin adoption, and cross-border settlements, with a focus on serving the needs of businesses across Latin America and beyond.
The partnership underlines wider efforts to enhance Sui’s financial ecosystem, positioning the network as a competitive platform in the emerging global digital payments landscape.
Mini dictionary: Kravata is a fintech company specializing in payment and banking infrastructure, enabling stablecoin settlement solutions for cross-border transactions across blockchain networks.
Future outlook and market catalystsThe next major moves for SUI will depend on whether buyers can sustain momentum and break through key resistance levels. Higher trading volumes may drive the rally further, whereas renewed selling pressure could challenge existing support zones.
The integration of Kravata’s stablecoin platform is seen as a potential catalyst for additional adoption and functionality, offering more use cases for businesses and consumers looking for efficient digital financial solutions.
SUI’s trajectory also aligns with broader crypto market trends, as Bitcoin’s continued upward movement has boosted sentiment across the sector. However, analysts caution that these forecasts are not guaranteed, and conditions in crypto markets remain volatile.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Artificial intelligence (AI) linked tokens are leading gains across the crypto market as the sector rides a wave of positive catalysts, chief among them the anticipated Anthropic IPO. Venice Token (CRYPTO: VVV) has climbed to around $18, its highest level since June and roughly 75% above the lows it touched in July.
Near Protocol (CRYPTO: NEAR) soared to $2.2850, up by 50% from its June low. Worldcoin (CRYPTO: WLD), which is associated with Sam Altman, has jumped by double digits.
AI Industry Tailwinds are RisingVenice AI is widely seen as a top player in the AI space because its platform enables users to search most models on one platform. It uses a freemium model that lets users use it for free and then upgrade to access more features. It then uses its revenue to burn its VVV tokens, which helps it to improve its tokenomics.
Near Protocol is also an AI platform thanks to its AI agent marketplace, IronClaw, and Near AI Cloud solutions. Worldcoin, on the other, is in the human verification industry, which is useful in the new era of AI agents. Other top AI tokens like Artificial Superintelligence, Bittensor, Internet Computer have also done well recently.
One of the most important catalysts driving the surge is the upcoming Anthropic IPO that will value it at over $2 trillion. This will make it the fastest company to hit that milestone. Companies like Nvidia (NASDAQ:NVDA), Alphabet (NASDAQ:GOOG), and Microsoft (NASDAQ:MSFT) took decades to cross the $1 trillion mark.
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After that, OpenAI is also expected to launch its IPO. While its business slowed in the second quarter, its management pointed to resilient demand as the third quarter started. OpenAI will likely see a valuation of over $1 trillion.
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AI tokens have also reacted to the robust corporate earnings growth, with most companies reporting strong numbers. For example, Nvidia’s revenue more than doubled in the second quarter, with management predicting that its 2027 figure will soar by over 70%.
Analysts also expect that AI spending will continue growing. In a recent report, PWC predicted that AI data center spending will soar to $31.6 trillion by 2050.
Venice Token, Worldcoin, and Near are Benefiting From These TailwindsThese AI-driven tailwinds should keep benefiting tokens like Venice, Worldcoin, and Near. Many of them rallied ahead of SpaceX’s IPO, which valued the company at over $1.75 trillion. SpaceX has become a major AI player through its Grok assets and expanding data center ambitions following its acquisition of xAI. With another major AI IPO on the horizon, that pattern could repeat.
The risk, however, is that the tokens may reverse when the IPOs happen, a similar situation that happened after SpaceX’s public offering.
Think of the global economy’s knowledge workers as one giant payroll. Accountants, analysts, lawyers, consultants, coders, marketers: the people who get paid to think for a living. ARK Invest’s Chief Futurist Brett Winton pegs that collective wage bill at roughly $30 trillion (excluding China), and he believes AI is coming for a meaningful chunk of it.
Winton’s thesis is that AI won’t simply make knowledge workers faster. It will begin to substitute for the work itself, redirecting enormous pools of labor spending toward software and automation.
The numbers behind the thesis ARK projects that AI-driven software spending could land somewhere between $3 trillion and $7 trillion annually by 2030. For context, the entire global software market today is measured in the low single-digit trillions. ARK is essentially arguing that AI alone could double or triple it within half a decade.
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One of the most striking data points in Winton’s framework is the cost curve. AI inference costs on agentic benchmarks have reportedly been declining by more than 99% year over year, a pace ARK expects to persist through at least mid-2026.
Who captures the value Winton sees frontier model companies as the primary beneficiaries. ARK estimates the potential enterprise value for this cohort at $15 trillion to $20 trillion or more.
OpenAI’s annual recurring revenue is reportedly in the $20 billion to $30 billion range. Anthropic, meanwhile, has been growing even faster than its competitors in recent quarters.
ARK also estimates that compute capacity rents at roughly $10 billion per gigawatt and can monetize output at around $30 billion per gigawatt. For every dollar spent building and powering the data centers that run these models, roughly three dollars of economic value comes out the other side.
The macro case: 7% GDP growth ARK forecasts that AI could accelerate annual GDP growth to 7%, a figure that sits dramatically above most mainstream estimates. The US economy has averaged somewhere around 2-3% real growth in recent decades.
What investors should watch For investors, the key variables to monitor are adoption velocity and margin compression. If enterprises adopt AI tools faster than expected, the $7 trillion end of ARK’s software spending range becomes plausible. If competition among model providers drives prices toward zero, the $15 trillion to $20 trillion enterprise value estimate for frontier companies could prove too generous, with value accruing instead to the application layer and end users.
The $30 trillion knowledge-worker wage bill isn’t going to evaporate overnight. But even redirecting 10-20% of it toward software and AI services over the next decade would create one of the largest wealth transfers in economic history.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
A New York man got up and walked away after lightning hit him on the street in Staten Island.
Doorbell video shows a flash and Thomas Fahmy falling, then getting up and calling for help, reports ABC7 New York.
It happened August 27th on Todt Avenue as he walked toward his car for a dentist visit.
He works in Rep. Nicole Malliotakis’s office. A neighbor called 911. He spent the night at Northwell Staten Island University Hospital and went home the next day with no burns.
Doorbell video captured the moment lightning struck a man on Staten Island, knocking him to the ground. He survived the strike and was released from the hospital without any burns. ? pic.twitter.com/JXwwupZole
— AccuWeather (@accuweather) September 4, 2026
He described the hit.
“This very intense burning sensation. Tingling, numbness, pain, severe pain, in both my feet.”
He went to church on Sunday to say thank you. He later bought a lottery ticket. Malliotakis’s office thanked the neighbor and the hospital staff.
