News Heat Trend
CZ: Bitcoin May Surpass Gold in the Next Bull Run, Current Market Cap Gap Approximately 10x
Odaily News: Binance founder Changpeng Zhao (CZ) stated at Bitcoin Asia that Bitcoin may surpass gold in the next bull market, with the current market cap gap between the two standing at approximately 10x. Ricardo Salinas Pliego estimates that if Bitcoin were to reach gold's total market cap, its price could reach approximately $1.86 million.He noted that if Bitcoin becomes a strategic reserve asset for nations, its importance could surpass that of gold; however, central banks and governments have already established systems for valuing, storing, and managing gold, and transitioning to Bitcoin will take time.Glassnode data shows that Bitcoin's 90-day correlation with gold has risen from 0.21 in March to approximately 0.57, while its correlation with the Nasdaq 100 index has fallen from 0.57 to 0.22. Other estimates indicate that its correlation with gold stands at approximately 0.59, the highest level since 2020. (Bitcoin.com News)
HYPE Treasury PURR Increases Equity Financing Commitment to $2.5 Billion and Sets Cap on Discounted Secondary Offerings
US-listed Hyperliquid Strategies Inc. (PURR), the HYPE treasury company, has amended its ChEF Purchase Agreement with Chardan Capital Markets, increasing the total committed amount for newly issued common shares from $1 billion to $2.5 billion. The amended agreement introduces a new trading cap mechanism: once cumulative sales exceed $1 billion, if the offering price falls below $12.02 per share, additional issuances will be capped at 42,641,847 shares, representing 19.99% of the outstanding shares prior to the amendment. Any additional issuances exceeding this cap require shareholder approval in accordance with Nasdaq rules, aimed at mitigating the dilutive impact on existing shareholders caused by low-priced offerings.
fomo co-founder announces completion of first funding round with 140 investors participating
: Se Yong Park, co-founder of crypto trading app fomo, announced on the X platform that the company has completed its first funding round, with 140 angel investors participating. The cap table now lists over 200 angel investors.He stated that early-stage founders almost always misunderstand the dynamic between the company and its angel investors, and should instead view angel investors as call options on the product's success. Even if the cap table includes tech CEOs, celebrities, and athletes, the likelihood of them providing early-stage help is close to zero. As the company scales and builds a product that angel investors genuinely want to use and are proud to share, more and more people will naturally recommend the product to others.
Bonk Guy: PONS Market Cap Should Be at Least $200 Million, Robinhood Listing Might Only Be a Matter of Time
Odaily News Trader Bonk Guy stated that the market is gradually recognizing the potential of PONS. He noted that PONS currently generates approximately $56 million in annualized revenue, with 80% used for buybacks and burns of PONS; in comparison, Pump.fun generates about $460 million in annualized revenue, with 50% used for buybacks and burns of PUMP, while PUMP is currently valued at approximately $2 billion.Bonk Guy believes that even if PONS were given only 10% of PUMP's valuation, its market cap should reach around $200 million. Additionally, Pons has contributed to roughly half of the on-chain activity on Robinhood Chain, with at least 5 tokens issued through Pons having a market cap exceeding $10 million and at least 20 exceeding $1 million.Regarding the market's recent expectations around Robinhood listings, Bonk Guy stated that as one of the main Meme coin issuance platforms on Robinhood Chain, a future PONS listing on Robinhood is, in his view, "inevitable," and the current rally is not solely driven by listing expectations.
SEC Proposes New Crypto Rules: Establishing a Token Investment Contract Safe Harbor with Offering Cap of Up to $75 Million
Odaily News: The U.S. Securities and Exchange Commission (SEC) has proposed rules related to crypto assets, aiming to establish a clear framework for eligible investment contracts and provide a targeted securities offering regime for token issuances, enabling related entities to raise funds while retaining investor protection measures. The proposed rules would allow crypto companies to issue up to $5 million in tokens over four years, or up to $75 million in tokens within 12 months, and provide a safe harbor to prevent cryptocurrencies from being deemed "investment contracts." Issuers would be required to disclose financial statements and provide ongoing reporting. The SEC did not include the previously anticipated "innovation exemption" for crypto stocks. The proposal comes just days after the U.S. Senate failed to advance the Digital Asset Market Clarity (CLARITY) Act; the public will have 60 days to submit comments after the proposal is published in the Federal Register. SEC Chair Paul Atkins stated that congressional legislation remains essential for establishing rules that can be applied over the long term, and the SEC will continue to support Congress in advancing the CLARITY Act to President Trump. The Commodity Futures Trading Commission (CFTC) plans to discuss cryptocurrency, AI, and prediction market regulation on Thursday. (Cointelegraph)
Flow Traders Pilots Lombard Bitcoin Credit Lending Solution to Support Stablecoin Financing with BTC
: Bitcoin financial product platform Lombard Finance has announced the launch of the Bitcoin Onchain Credit Strategy, with global trading firm Flow Traders as the first pilot partner. Under this solution, Flow Traders can borrow stablecoins for market making without providing on-chain collateral. Its collateral security is provided by Bitcoin deposited in the Lombard Bitcoin Earn yield product, and underwriting is completed through the Cap private credit platform. (The Block)
Russia's New Digital Assets Law Takes Effect, Retail Investors' Annual Investment Cap Set at Approximately $3,700
Odaily News: Russia's Digital Assets Law took effect on September 1, 2026, legalizing regulated cryptocurrency trading nationwide. Retail investors purchasing cryptocurrencies through a single licensed intermediary are subject to an annual cap of 300,000 rubles, approximately $3,700.The Bank of Russia is responsible for regulating licensed cryptocurrency intermediaries. Exchanges, brokers, and custodians must register as licensed intermediaries and join the self-regulatory organization of the financial market before they can legally provide services to clients.The Bank of Russia will also determine which digital assets licensed intermediaries may offer. Professional investors are not subject to the 300,000-ruble annual cap, and the ban on using digital assets to pay for goods and services within Russia remains in effect.Starting September 1, enterprises engaged in foreign economic activities may use cryptocurrency to pay for goods, works, or services in international trade. The full licensing and compliance requirements are expected to be implemented by July 1, 2027. (Bitcoin.com News)
SEC Proposes New Crypto Rules: Establishing a Token Investment Contract Safe Harbor with Offering Cap of Up to $75 Million
Odaily News: The U.S. Securities and Exchange Commission (SEC) has proposed rules related to crypto assets, aiming to establish a clear framework for eligible investment contracts and provide a targeted securities offering regime for token issuances, enabling related entities to raise funds while retaining investor protection measures. The proposed rules would allow crypto companies to issue up to $5 million in tokens over four years, or up to $75 million in tokens within 12 months, and provide a safe harbor to prevent cryptocurrencies from being deemed "investment contracts." Issuers would be required to disclose financial statements and provide ongoing reporting. The SEC did not include the previously anticipated "innovation exemption" for crypto stocks. The proposal comes just days after the U.S. Senate failed to advance the Digital Asset Market Clarity (CLARITY) Act; the public will have 60 days to submit comments after the proposal is published in the Federal Register. SEC Chair Paul Atkins stated that congressional legislation remains essential for establishing rules that can be applied over the long term, and the SEC will continue to support Congress in advancing the CLARITY Act to President Trump. The Commodity Futures Trading Commission (CFTC) plans to discuss cryptocurrency, AI, and prediction market regulation on Thursday. (Cointelegraph)
Russian Central Bank Governor: Cryptocurrency Purchase Cap for Non-Qualified Investors Aims to Protect Investors
Odaily News: Russian Central Bank Governor Elvira Nabiullina stated that Bill No. 1194918-8 differentiates between qualified and non-qualified investors. This practice is not exclusive to the cryptocurrency field but is a common arrangement in regulation. Elvira Nabiullina indicated that non-qualified investors have fewer participation options because the government protects them from undertaking risks they do not understand through legislation. She pointed out that relevant measures also cover the crypto ecosystem, citing the volatility of the crypto market and the risk that foreign digital assets may be seized due to their connection with Russia. Bill No. 1194918-8 is expected to take effect on September 1, coinciding with the launch of the digital ruble. The bill stipulates a purchase cap of 300,000 rubles (approximately $3,800) for non-qualified investors' cryptocurrency purchases, with the limit for qualified investors being ten times that amount. Elvira Nabiullina stated that Russia's crypto ecosystem remains open, with no restrictions on the repatriation or transfer of digital assets abroad. She noted that investors who receive related assets abroad will not be protected by Russian law and must resolve any issues that arise within the jurisdiction of the foreign country.
a16z Crypto: Tokenized Stocks Market Cap Surpasses $1.7 Billion, Up Over 5x in One Year
According to a post by a16z crypto researcher Robert Hackett and data advisor Ryan Holloway, the tokenized stock market is experiencing explosive growth. As of June 2026, the total market capitalization of tokenized stocks reached approximately $1.7 billion, representing a more than fivefold increase from $329 million a year earlier, making it one of the fastest-growing categories among tokenized assets. On-chain data shows that monthly transfer volume surged from $53 million last June to $9.22 billion this June, a year-over-year increase of more than 170 times. The market structure has also changed significantly: the proportion of crypto-related products dropped from 79% to 21%; the AI and chip category jumped from nearly zero to a market share of 15.5%; tech giants rose from 0.6% to 10.6%; and ETFs and indices increased from 4.5% to 17.3%. At the institutional level, DTCC has completed the first live trades of tokenized Treasury bonds and stocks on Digital Asset's Canton network, with full services planned to launch in October, which will open access for Wall Street to approximately $114 trillion in DTC custodied assets. Meanwhile, Robinhood has launched its own chain, NYSE's parent company announced a joint venture with OKX (pending regulatory approval), and Coinbase and Binance have also sequentially launched offerings for non-U.S. users.
Bank of England Eases Stablecoin Regulations, Removes Individual Holding Limits and Sets £400 Billion Issuance Cap
OdailyOdaily reports that the Bank of England released its final policy statement and draft rules for systemic stablecoins on Monday, relaxing several previously proposed regulations. The central bank has canceled the original plan to impose caps on individual holdings, instead establishing a temporary issuance limit for each stablecoin, with an initial amount set at £400 billion (approximately $52.8 billion).Additionally, the Bank of England will allow issuers to hold up to 70% of reserve assets in short-term UK government bonds, up from the previously proposed 60%, with the remainder required to be held in non-interest-bearing central bank deposits. Public consultation on the proposals will remain open until September 22, with the rules expected to be finalized by the end of 2026. Regulated stablecoins are anticipated to begin operations in the UK by 2027. (decrypt)
Bitget U.S. IPO Prime Phase II: OpenAI’s IPO Subscription Opens on May 12
According to the official announcement, the second asset launched on Bitget IPO Prime is preOPAI—a digital token issued by the regulated issuer Republic on the Solana blockchain, designed to mirror OpenAI’s post-IPO economic performance on a 1:1 basis. As the world’s leading consumer AI provider, OpenAI reports approximately 900 million weekly active users, according to official data. Its most recent funding round raised $122 billion, with participants including Microsoft, NVIDIA, Amazon, and SoftBank. Bitget IPO Prime operates on a subscription model, whereby users receive subscription quotas based on their account tier. Upon completion of token allocation, users may trade the tokens on the upcoming spot market. Alternatively, after the lock-up period for preOPAI’s underlying debt assets expires, the issuer will authorize Bitget to convert users’ holdings into either stock tokens or USDT, referencing the underlying company’s (OpenAI’s) publicly traded stock price. IPO Prime Details: • OpenAI Implied Valuation: $898.21 billion • Total IPO Prime Subscriptions: 29,082 • Total Subscription Value: $21,084,450 • Subscription Price: 1 preOPAI = $725 • Accepted Subscription Currencies: USDT or USDGO • Total Subscription Pool Cap: $300,000,000
Bonk Guy Responds to Buying EMBER: Started Building Position at Around $7M Market Cap, Bullish on Its Launchpad Data Growth
Odaily News: Crypto trader Bonk Guy posted on X platform responding to recent controversy surrounding his purchase of EMBER and explaining his position-building logic. Bonk Guy stated that he first noticed the project when EMBER's market cap was around $3 million but did not buy in. After observing for a day, he revisited his research due to the platform's rapid data growth and bought in from around a $7 million market cap all the way up to a $20 million market cap.Bonk Guy said that EMBER is a major Launchpad built on Meteora, supporting SOL, USDC, and over 150 tokenized stocks as pairing assets for token issuance. It utilizes Meteora Dynamic Bonding Curve technology and offers features such as token fee distribution, Daily Jackpots, and DAO governance.According to his disclosure, Ember has recorded approximately $51.7 million in trading volume, $561,000 in fees, and has cumulatively issued 2,041 tokens within 3 days of launch, with over 41,800 unique holder addresses and 149,000 Solana transactions. BonkGuy compared his Ember purchase to his previous PONS trade, noting that he first saw PONS when its market cap was below $1 million, similarly ignored it for a full day, and then started buying at around a $4 million market cap. Rather than whether a trending token has already emerged, what matters more is observing the real usage data underlying the Launchpad.Additionally, Bonk Guy stated that both Robinhood Chain and BNB Chain have multiple successful Launchpads, while Solana's Meme trading ecosystem has been developing for a longer time, so there is no reason to believe that Solana can ultimately only accommodate one successful Launchpad. He also stated that his trades are not based on market consensus. Some of his most successful trades in the past often came from discovering opportunities before the market formed a consensus; by the time everyone agrees, the asymmetric upside potential has usually already been significantly reduced.Regarding the recent controversy, Bonk Guy said that the claim of "EMBER having over 50% Bubblemaps address clusters" has been clarified by Bubblemaps; his earlier statement that Ember was "launched by Meteora" was also inaccurate—a more precise description is that Ember is built on Meteora-related infrastructure and has now been listed on Meteora's ecosystem page. Bonk Guy emphasized that he has no relationship with the Ember team, and EMBER is a personal trade for him.
Analysts: Stablecoin Market Cap Falls Below Annual Average, Market Remains in a Typical Bear Market Pattern
CryptoQuant analyst Darkfost stated in a post that the total stablecoin market cap has dropped to $144.5 billion, falling below the 365-day moving average of $147.4 billion. Over the past year, stablecoin market outflows have exceeded inflows, which is typically characteristic of a bear market. Darkfost further pointed out that the current market needs to see a reversal of this long-term capital flow trend, driving the total stablecoin market cap back above its annual average.
Well-Known Trader Bonk Guy Bullish on PONS: Annualized Revenue Exceeds $200 Million, Market Cap Just $434 Million
Prominent trader Bonk Guy (@theunipcs) announced in a post that the Robinhood Chain ecosystem protocol $PONS recorded a single-day revenue of $1.34 million today, with current annualized revenue at approximately $202 million, a market cap of roughly $434 million, and a buyback wallet balance of $3.7 million that continues to grow. The protocol will continuously repurchase $PONS tokens on the open market via TWAP.
BonkGuy: Searching for Early-Stage Tokens with a Market Cap Below $1 Million
Renowned trader BonkGuy posted on X, stating that he is currently looking for low-market-cap tokens with a valuation below $1 million, aiming to find projects still in their very early stages that have the potential to grow into multi-billion-dollar entities in the future.BonkGuy noted that he does not want the community to recommend tokens with a market cap of around $50 million anymore, and urged the community to keep suggesting low-cap projects until he decides to invest in one of them.
Bonk Guy Names Three Tokens: USELESS, MARSCOIN, PONS May Be First to Hit $1B Market Cap
Odaily News: Well-known trader Bonk Guy posted on the X platform, stating that the three tokens USELESS, MARSCOIN, and PONS are expected to become the fastest projects in their respective niche tracks to reach a $1 billion market cap in the new cycle. He noted that USELESS, MARSCOIN, and PONS respectively represent two core narratives in the current market: USELESS and MARSCOIN serve as the "barbell ends" of the Meme track, while PONS represents the utility track. He also called on the community: "LOCK IN!".
Bonk Guy: PONS Market Cap Should Be at Least $200 Million, Robinhood Listing Might Only Be a Matter of Time
Odaily News Trader Bonk Guy stated that the market is gradually recognizing the potential of PONS. He noted that PONS currently generates approximately $56 million in annualized revenue, with 80% used for buybacks and burns of PONS; in comparison, Pump.fun generates about $460 million in annualized revenue, with 50% used for buybacks and burns of PUMP, while PUMP is currently valued at approximately $2 billion.Bonk Guy believes that even if PONS were given only 10% of PUMP's valuation, its market cap should reach around $200 million. Additionally, Pons has contributed to roughly half of the on-chain activity on Robinhood Chain, with at least 5 tokens issued through Pons having a market cap exceeding $10 million and at least 20 exceeding $1 million.Regarding the market's recent expectations around Robinhood listings, Bonk Guy stated that as one of the main Meme coin issuance platforms on Robinhood Chain, a future PONS listing on Robinhood is, in his view, "inevitable," and the current rally is not solely driven by listing expectations.
Bonk Guy Responds to Buying EMBER: Started Building Position at Around $7M Market Cap, Bullish on Its Launchpad Data Growth
Odaily News: Crypto trader Bonk Guy posted on X platform responding to recent controversy surrounding his purchase of EMBER and explaining his position-building logic. Bonk Guy stated that he first noticed the project when EMBER's market cap was around $3 million but did not buy in. After observing for a day, he revisited his research due to the platform's rapid data growth and bought in from around a $7 million market cap all the way up to a $20 million market cap.Bonk Guy said that EMBER is a major Launchpad built on Meteora, supporting SOL, USDC, and over 150 tokenized stocks as pairing assets for token issuance. It utilizes Meteora Dynamic Bonding Curve technology and offers features such as token fee distribution, Daily Jackpots, and DAO governance.According to his disclosure, Ember has recorded approximately $51.7 million in trading volume, $561,000 in fees, and has cumulatively issued 2,041 tokens within 3 days of launch, with over 41,800 unique holder addresses and 149,000 Solana transactions. BonkGuy compared his Ember purchase to his previous PONS trade, noting that he first saw PONS when its market cap was below $1 million, similarly ignored it for a full day, and then started buying at around a $4 million market cap. Rather than whether a trending token has already emerged, what matters more is observing the real usage data underlying the Launchpad.Additionally, Bonk Guy stated that both Robinhood Chain and BNB Chain have multiple successful Launchpads, while Solana's Meme trading ecosystem has been developing for a longer time, so there is no reason to believe that Solana can ultimately only accommodate one successful Launchpad. He also stated that his trades are not based on market consensus. Some of his most successful trades in the past often came from discovering opportunities before the market formed a consensus; by the time everyone agrees, the asymmetric upside potential has usually already been significantly reduced.Regarding the recent controversy, Bonk Guy said that the claim of "EMBER having over 50% Bubblemaps address clusters" has been clarified by Bubblemaps; his earlier statement that Ember was "launched by Meteora" was also inaccurate—a more precise description is that Ember is built on Meteora-related infrastructure and has now been listed on Meteora's ecosystem page. Bonk Guy emphasized that he has no relationship with the Ember team, and EMBER is a personal trade for him.
PYUSDx Has Processed Over $100 Million in Transaction Volume, Enabling Enterprises to Create Branded Stablecoins Within Days
Odaily News: Payment company PayPal, along with stablecoin infrastructure project M0 and crypto payment platform MoonPay, has launched PYUSDx, enabling enterprises to create stablecoin-based products within days. The platform has processed over $100 million in transaction volume, with Saturn, Concrete, and Cap having already used the technology to launch products.M0 co-founder and CEO Luca Prosperi stated that PYUSDx leaves the product layer to developers to build, allowing different enterprises to develop different products based on the same technology. USD.AI and Fairblock were also listed as related projects.May Zabaneh, Senior Vice President and General Manager of PayPal's crypto business, said the stablecoin market is rapidly maturing. On September 10, the total market cap of stablecoins was approximately $305.25 billion, with USDT accounting for 60.07%; PYUSD's market cap was approximately $2.814 billion, ranking eighth. Enterprises can issue branded digital dollars backed by PYUSD, set corresponding rules, and redeem back to PYUSD when necessary. (Bitcoin.com News)
DGAI Surges 93% on First Trading Day, Market Cap Reaches $110 Million
Odaily News - DGrid AI's native token DGAI nearly doubled on its first day of trading, trading at approximately $0.73 on Tuesday, up nearly 93% over the past 24 hours, with a market cap of around $110 million and trading volume exceeding $165 million.DGrid AI is expanding its decentralized AI network, connecting users, developers, and distributed nodes to process AI inference requests. DGAI is used for payments, staking, and node rewards. The network employs a "Proof of Quality" mechanism to evaluate results, requiring node operators to stake DGAI, with penalties imposed for underperformance or violations.DGrid AI sold over 140 DClaw Boxes within hours at $1,580 USDT per unit, generating sales exceeding $221,000 USDT. The device is used to run DClaw personal AI agents, connecting users with AI models through a decentralized network of independently operated nodes. (Cointelegraph)
WLFI: USD1 Market Cap Exceeds $4 Billion, Market Performance Refutes "Cronyism" Allegations
According to CNBC, World Liberty Financial, the Trump family-backed crypto project, stated that the rapid growth and genuine market demand for its USD1 stablecoin have refuted external claims that the project primarily relies on political connections for development. The circulating supply of USD1 currently exceeds $4 billion.
Kylie Jenner's X Account Allegedly Hacked to Promote Same-Named Meme Coin; Market Cap Surges Then Drops 68%
According to BeInCrypto, Kylie Jenner’s X account appears to have been compromised, with an attacker posting the ticker and Pump.fun page link for the Solana-based memecoin kylie before the post was subsequently deleted. The token’s market cap briefly spiked to approximately $1.19 million before retreating by around 68%; at press time, it stood at roughly $378,500.
SEC Proposes New Crypto Rules: Establishing a Token Investment Contract Safe Harbor with Offering Cap of Up to $75 Million
Odaily News: The U.S. Securities and Exchange Commission (SEC) has proposed rules related to crypto assets, aiming to establish a clear framework for eligible investment contracts and provide a targeted securities offering regime for token issuances, enabling related entities to raise funds while retaining investor protection measures. The proposed rules would allow crypto companies to issue up to $5 million in tokens over four years, or up to $75 million in tokens within 12 months, and provide a safe harbor to prevent cryptocurrencies from being deemed "investment contracts." Issuers would be required to disclose financial statements and provide ongoing reporting. The SEC did not include the previously anticipated "innovation exemption" for crypto stocks. The proposal comes just days after the U.S. Senate failed to advance the Digital Asset Market Clarity (CLARITY) Act; the public will have 60 days to submit comments after the proposal is published in the Federal Register. SEC Chair Paul Atkins stated that congressional legislation remains essential for establishing rules that can be applied over the long term, and the SEC will continue to support Congress in advancing the CLARITY Act to President Trump. The Commodity Futures Trading Commission (CFTC) plans to discuss cryptocurrency, AI, and prediction market regulation on Thursday. (Cointelegraph)
Related news
Institutions Hold 17.9% of HYPE's Total Market Cap, Higher Than Bitcoin, Ethereum, and Solana
Currently, institutions hold 17.9% of HYPE's total market cap, the highest proportion among Bitcoin, Ethereum, and Solana.
Jiang Zhuoer: Future Bottom-Fishing Trades Will Shift to Small-Cap Coins, Participating with 5%-10% Small Positions
Odaily reports: Lai Bit Mining Pool founder Jiang Zhuoer posted on X platform, stating that his trading is better suited for "catching tops and bottom-fishing." Previously, his short positions near ETH $2,525 and BTC $82,050 were relatively accurate, but since his base position is fully allocated in ETH spot, he could not continue to add leverage for long positions when the market dropped to lows.Jiang Zhuoer stated that in future bottom-fishing trades, he will consider choosing small-cap coins and participating with small positions of 5%-10% each time. Taking BNC as an example, he said he bought the dip near $4.5 on September 10, with the entry point close to the low of that downward cycle, and the price subsequently continued to rise.
Bonk Guy Responds to Buying EMBER: Started Building Position at Around $7M Market Cap, Bullish on Its Launchpad Data Growth
Odaily News: Crypto trader Bonk Guy posted on X platform responding to recent controversy surrounding his purchase of EMBER and explaining his position-building logic. Bonk Guy stated that he first noticed the project when EMBER's market cap was around $3 million but did not buy in. After observing for a day, he revisited his research due to the platform's rapid data growth and bought in from around a $7 million market cap all the way up to a $20 million market cap.Bonk Guy said that EMBER is a major Launchpad built on Meteora, supporting SOL, USDC, and over 150 tokenized stocks as pairing assets for token issuance. It utilizes Meteora Dynamic Bonding Curve technology and offers features such as token fee distribution, Daily Jackpots, and DAO governance.According to his disclosure, Ember has recorded approximately $51.7 million in trading volume, $561,000 in fees, and has cumulatively issued 2,041 tokens within 3 days of launch, with over 41,800 unique holder addresses and 149,000 Solana transactions. BonkGuy compared his Ember purchase to his previous PONS trade, noting that he first saw PONS when its market cap was below $1 million, similarly ignored it for a full day, and then started buying at around a $4 million market cap. Rather than whether a trending token has already emerged, what matters more is observing the real usage data underlying the Launchpad.Additionally, Bonk Guy stated that both Robinhood Chain and BNB Chain have multiple successful Launchpads, while Solana's Meme trading ecosystem has been developing for a longer time, so there is no reason to believe that Solana can ultimately only accommodate one successful Launchpad. He also stated that his trades are not based on market consensus. Some of his most successful trades in the past often came from discovering opportunities before the market formed a consensus; by the time everyone agrees, the asymmetric upside potential has usually already been significantly reduced.Regarding the recent controversy, Bonk Guy said that the claim of "EMBER having over 50% Bubblemaps address clusters" has been clarified by Bubblemaps; his earlier statement that Ember was "launched by Meteora" was also inaccurate—a more precise description is that Ember is built on Meteora-related infrastructure and has now been listed on Meteora's ecosystem page. Bonk Guy emphasized that he has no relationship with the Ember team, and EMBER is a personal trade for him.
Analysts: Stablecoin Market Cap Falls Below Annual Average, Market Remains in a Typical Bear Market Pattern
CryptoQuant analyst Darkfost stated in a post that the total stablecoin market cap has dropped to $144.5 billion, falling below the 365-day moving average of $147.4 billion. Over the past year, stablecoin market outflows have exceeded inflows, which is typically characteristic of a bear market. Darkfost further pointed out that the current market needs to see a reversal of this long-term capital flow trend, driving the total stablecoin market cap back above its annual average.
Capital B Ranks Ninth on Euronext by Trading Volume-to-Market Cap Ratio, Holds 3,521 BTC
Bitcoin News posted on X platform stating that Paris-listed Bitcoin treasury company Capital B, formerly known as The Blockchain Group, currently ranks ninth on Euronext by trading volume-to-market cap ratio. After purchasing 376 BTC for approximately €25.3 million on September 7, Capital B's holdings increased to 3,521 BTC, with a combined cost basis of approximately €309 million. Its ticker symbol is ALCPB, trading on Euronext Growth Paris. Capital B stated that following its listing on Cboe Europe on August 5, the company's overall trading volume approximately doubled.
PYUSDx Has Processed Over $100 Million in Transaction Volume, Enabling Enterprises to Create Branded Stablecoins Within Days
Odaily News: Payment company PayPal, along with stablecoin infrastructure project M0 and crypto payment platform MoonPay, has launched PYUSDx, enabling enterprises to create stablecoin-based products within days. The platform has processed over $100 million in transaction volume, with Saturn, Concrete, and Cap having already used the technology to launch products.M0 co-founder and CEO Luca Prosperi stated that PYUSDx leaves the product layer to developers to build, allowing different enterprises to develop different products based on the same technology. USD.AI and Fairblock were also listed as related projects.May Zabaneh, Senior Vice President and General Manager of PayPal's crypto business, said the stablecoin market is rapidly maturing. On September 10, the total market cap of stablecoins was approximately $305.25 billion, with USDT accounting for 60.07%; PYUSD's market cap was approximately $2.814 billion, ranking eighth. Enterprises can issue branded digital dollars backed by PYUSD, set corresponding rules, and redeem back to PYUSD when necessary. (Bitcoin.com News)