DashTape

DashTape reports, according to GMGN data, mainstream Meme coins in the Robinhood ecosystem have broadly declined. Among them, PONS has a market cap of $440 million, down 18.6% in 24 hours; MEME has a market cap of $62.7 million, down 23.2% in 24 hours; CASHCAT has a market cap of $164 million, down 10% in 24 hours; AI has a market cap of $193 million, down 15.4% in 24 hours; BONER has a market cap of $37.1 million, down 14.4% in 24 hours.

DashTape reports Citadel Securities has written to regulators stating that prediction market contracts tied to key performance indicators of public companies should be classified as security-based swaps and regulated by the U.S. Securities and Exchange Commission (SEC) rather than the Commodity Futures Trading Commission (CFTC). Citadel Securities said that if such contracts continue to be regulated by the CFTC, it could lead to fragmented oversight and market fragmentation, and called for adjustments to the existing regulatory framework.

DashTape reports On September 10, according to the latest data from CoinMarketCap, as of last week, the total value locked (TVL) in the global tokenized stock market reached $2.55 billion, the number of holders surpassed 1 million, on-chain trading volume reached $1.7 billion, and active traders increased to 235,000. Among them, bStocks, with 26% of TVL, contributed 88% of the entire market's on-chain trading volume, making it one of the most actively traded platforms in the current tokenized stock market. Ondo accounted for 42% of TVL, corresponding to 2% of trading volume; xStocks accounted for 32% of TVL, with a trading volume share of 10%. Data shows that nearly 90% of global tokenized stock trading volume comes from bStocks, reflecting that users' actual participation in on-chain stock trading is increasing.

DashTape reports that since the beginning of this week, the on-chain momentum driven by Robinhood Chain has temporarily cooled, mainstream tokens have pulled back, and the market is pinning its hopes for the next rally on Arc Chain, which is set to launch on September 16. Arc Chain is developed by stablecoin issuer Circle and is an open blockchain network primarily targeting institutional-grade users. The market is divided on whether it will support crypto-native meme coin culture. Platforms such as OpenSea and FOMO have announced that they will support Arc Chain as soon as it goes live. In response to the FOMO launch teaser, Circle co-founder Jeremy Allaire has already responded positively.

According to OKX market data, possibly influenced by Bithumb's upcoming listing of the DEBIT/KRW trading pair, DEBIT briefly touched 1.91 USDT, now trading at 1.82 USDT, up over 12% within 15 minutes.

DashTape: KRWQ, a Korean won stablecoin, has removed KTB tokenized Korean treasury bonds from its reserve assets, with its reserves now consisting solely of USDC and frxUSD.

DashTape reports that the Solana core development team Anza posted on X platform stating that Mainnet Beta Transaction V1 will begin activation at epoch 1035, expected around September 15 at 1:20 UTC. The ecosystem team stated that more time is needed to test and integrate V1 support; V1 is currently live on devnet and available for integration testing. In V1, compute budgets are set through new transaction configuration settings. Compute budget instructions remain usable in legacy transactions and V0 transactions, but will not take effect in V1; application developers, even if they do not plan to send V1 transactions, need to check how the relevant changes affect their applications.

DashTape reports On September 10, according to SoSoValue data, due to a combination of factors including the ongoing escalation of the US-Iran conflict, US Treasury buyback volumes falling short of expectations, and the crash of the Meme coin LAPTOP launched by Hunter Biden disrupting the market, crypto market sectors experienced broad declines. The Robinhood Chain sector led losses with a 24-hour drop of 9.47%. Within the sector, Pons (PONS), which had previously surged significantly, fell 16.30%, while Cash Cat (CASHCAT) dropped 12.05%. According to SoSoValue statistics, Robinhood Chain's daily on-chain transaction count decreased 17.4% compared to the same day last week, ecosystem tokens broadly pulled back, and net cross-chain capital outflows over the past 7 days amounted to approximately $174 million. Additionally, the RWA sector fell 7.36%, with Sky (SKY) dropping 10.70%, Pendle (PENDLE) falling 7.54%, and Maple Finance (SYRUP) declining 7.38%. In other sectors, the PayFi sector fell 1.41% over 24 hours, though Zcash (ZEC) rose 3.34%; the Layer1 sector dropped 2.83%, with Polkadot (DOT) falling 6.94%; the CeFi sector declined 3.78%, with Binance Coin (BNB) dropping 4.73%; the DeFi sector fell 4.29%, with Uniswap (UNI) declining 11.69%; the Layer2 sector dropped 4.43%, with Arbitrum (ARB) falling 11.47%; the Meme sector declined 5.48%, with Hunter Biden's Laptop (LAPTOP), which launched yesterday, rebounding 73.32% after its crash, now trading at $0.844. Crypto sector indices reflecting historical sector performance show that the ssiRWA, ssiAI, and ssiMeme indices fell 7.36%, 6.38%, and 5.98% respectively.

DashTape reports According to GMGN data, the market cap of Solana on-chain Meme coin baton briefly surpassed $10 million, with a 24-hour gain of over 470%, currently at $7.9 million. It is reported that BATON is a community Meme coin derived from the history of Baton Corporation, the company behind Pump.fun, and its early project Baton Finance. It only borrows from the related narrative and has no official connection to Pump.fun. DashTape reminds users that Meme coin prices are highly volatile, and investors should participate with caution.

DashTape reports Crypto KOL Bonk Guy posted on X platform that PONS protocol revenue has reached $1.34 million today, with current annualized revenue exceeding $200 million, yet its market cap is only $434 million. Additionally, the PONS buyback wallet currently holds approximately $3.7 million in funds and is still growing. Bonk Guy stated that PONS remains one of the most undervalued protocols in the entire crypto market.