DashTape

DashTape reports DeFi researcher Ignas posted on X platform stating that current stock and Meme coin narratives essentially depend on trading volume and transaction fees to function. If trading volume dries up, rewards and buybacks will also disappear, thereby weakening token-holding incentives and ultimately leading to sell-offs. He cited examples: STONK, PONS, and CASHCAT all use platform fees for token buybacks or burns; INDEX uses transaction fees to purchase tokenized stocks; ZCAT funds ZEC rewards through transaction taxes. Additionally, SHROOM reinvests fees generated by the LP network back into liquidity. Ignas used Coinbase's previous cycle as an example, noting that its quarterly trading volume dropped from $547 billion in Q4 2021 to $145 billion a year later, a decline of approximately 74%, and pointed out that Meme coin trading volume could see an even more pronounced drop after the hype fades. Therefore, directly extrapolating these projects' annual revenue or yield rates based on current high trading volume and fee levels may overestimate their sustainability.

DashTape reports — According to SoSoValue data, Ethereum spot ETFs recorded a total net inflow of $34.7535 million yesterday (September 9, US Eastern Time). The Ethereum spot ETF with the highest single-day net inflow yesterday was BlackRock's Staked ETH ETF ETHB, with a single-day net inflow of $22.9376 million. ETHB's total historical net inflow has now reached $798 million. This was followed by BlackRock's ETF ETHA, with a single-day net inflow of $9.7144 million. ETHA's total historical net inflow has now reached $12.883 billion. As of press time, the total net asset value of Ethereum spot ETFs stands at $15.688 billion, with the ETF net asset ratio (market capitalization as a proportion of Ethereum's total market capitalization) reaching 5.2%, and cumulative historical net inflows totaling $13.203 billion.

DashTape reports According to SoSoValue data, yesterday (September 9, US Eastern Time), Bitcoin spot ETFs recorded a total net outflow of $120 million. The Bitcoin spot ETF with the highest single-day net inflow yesterday was Morgan Stanley ETF MSBT, with a single-day net inflow of $4.4906 million. MSBT's historical total net inflow has now reached $521 million. The Bitcoin spot ETF with the highest single-day net outflow yesterday was Ark Invest and 21Shares' ETF ARKB, with a single-day net outflow of $77.9815 million. ARKB's historical total net inflow has now reached $1.387 billion. As of press time, the total net asset value of Bitcoin spot ETFs stands at $99.327 billion, with the ETF net asset ratio (market cap as a percentage of Bitcoin's total market cap) at 6.31%, and cumulative historical net inflows have reached $55.451 billion.

DashTape reports that Privy has launched a stablecoin card prebuilt component, enabling applications to embed a cardholder experience with a single integration, and has partnered with Stripe to issue stablecoin cards. The service currently covers more than 25 card issuing markets and plans to expand to over 100 by the end of the year. Users can spend directly using their Privy wallet or DeFi vault balances without needing to pre-transfer funds to a separate card account. The card issuer is Lead Bank, program management is handled by Bridge, and Stripe provides issuance services.

DashTape reports, according to DeFiLlama data, Robinhood Chain's revenue has seen a significant decline after hitting a single-day record of approximately $6 million, dropping below the $1 million mark over the past 24 hours to $949,331. In addition, Robinhood Chain's revenue over the past seven days was $18.34 million, with DEX trading volume over the past 24 hours at approximately $1.796 billion.

DashTape reports that according to Onchain Lens monitoring, an address opened a long position of 25,000 HYPE worth $2.1 million, with an entry price of $83.81, using 10x leverage, and a liquidation price of $72.36. The address has accumulated a profit of $9.29 million, and the current long position has a profit of $7,500.

DashTape: The Bank of Korea has called for stronger monitoring of overseas derivatives linked to South Korean chipmakers, warning that their rapid growth could amplify volatility in the domestic market. It pointed to Situational Awareness's leveraged bets as a recent example. In its semiannual monetary policy report submitted to the National Assembly on Thursday, the Bank of Korea said the concentration of South Korean market exposure to semiconductor stocks, foreign investors' portfolio rebalancing, and the buildup and unwinding of domestic leverage were drivers of unprecedented fluctuations in the KOSPI index from January to July. The Bank of Korea said global banks and ETF managers traded South Korean spot equities, futures, and options while hedging total return swaps, apparently amplifying domestic stock price volatility. Although the Bank of Korea did not cite a specific case, an unusual trade in SK Hynix in July triggered nearly $60 million in liquidations in the offshore digital currency market, highlighting the growing cross-market risks posed by leveraged products linked to South Korean chipmakers. (Jinshi)

PPP prediction market tool monitoring shows that on Polymarket, the probability of Anthropic completing an IPO before October 15, 2026 has dropped to 6%, down 51% in a single week; the probability of an IPO before October 31, 2026 has dropped to 60%, down 29% in a single week. According to the resolution rules, if Anthropic officially lists on a public stock exchange and opens for stock trading before 23:59 Eastern Time on the specified date, it resolves as Yes; otherwise, it resolves as No. In addition, if Anthropic is acquired by a publicly listed company, it immediately resolves as No. The primary basis for resolution of this market is documents and announcements published by Anthropic officially and by the stock exchange where its shares are listed. Previously, Reuters reported, citing sources, that Anthropic planned to launch its IPO roadshow as early as mid-October and was aiming to go public before the U.S. midterm elections in November. Today, however, David Sacks, chairman of the U.S. President's Council of Advisors on Science and Technology, called for suspending Anthropic's IPO until the relevant "whistleblower" allegations are fully investigated. The "whistleblower" refers to former Anthropic researcher Jacob Coxon, who previously resigned over concerns about AI safety risks and publicly accused Anthropic and OpenAI of racing to develop self-improving superintelligence without adequate safety safeguards. Join the PPP signal push community to stay one step ahead and seize the opportunity.

DashTape reports The CEO of Coinbase stated that he hopes to bring tokenized stocks to the US as soon as possible.

DashTape reports that long.xyz co-founder Nate posted on X platform stating that in the coming days, long.xyz will focus on building distribution channels that do not depend on public chains, crypto markets, or Meta cycles, and reiterated his view that Stock Pairs will become the "final Meta" of the crypto market. Nate stated that the market still underestimates the potential of the stock market in terms of narrative, distribution channels, and capital scale. The leading trading pairs on long.xyz have already begun to form their own independent narratives and distribution channels. Once they no longer rely solely on Crypto Twitter (CT), the scale could expand 1000x and become more PVE. He also stated that long.xyz will not frequently pivot its product direction due to emerging trends like AI Agents and Cat Memes, and will continue to focus on stock-related trading pairs, avoiding the Launchpad's constant rotation with different market Metas.