DashTape

DashTape reports According to on-chain analyst Ai Yi's monitoring, Multicoin Capital has been suspected of selling 1.725 million HYPE worth $133 million since July 28, with an expected profit of $77.15 million. Its most recent deposit occurred 9 hours ago, with a cost price of approximately $32.32 and an average deposit price of $77.03. Currently, it still holds HYPE worth $60.29 million on-chain.

DashTape reports Paolo Ardoino posted on platform X that the Tether P2P team is developing a peer-to-peer search engine that can scale to thousands of nodes, achieving high availability and censorship resistance through self-organizing, fault-tolerant data structures. In the current test environment, the team has successfully distributed the full Wikipedia archive across 100 nodes and enabled search functionality.

DashTape reports StoneX Financial has initiated coverage on Robinhood with a "Buy" rating and a $170 price target, implying approximately 45% upside from Tuesday's closing price of $117.34. StoneX noted that Robinhood Chain's single-day fees reached approximately $4.59 million as of September 3, and it projects the platform could generate $980 million in revenue by fiscal year 2029, with a profit margin of 85%. Additionally, Robinhood's prediction market traded 13.6 billion event contracts in the second quarter, generating approximately $156 million in revenue, representing a 50% quarter-over-quarter increase. (The Block)

According to DashTape, data from GMGN shows that major Meme coins in the Robinhood ecosystem continue to trend downward. MEME's market cap is currently reported at $88.3 million, down 23.6% in 24 hours; CASHCAT's market cap stands at $188 million, down 4.6% in 24 hours; AI's market cap is reported at $244 million, down 4.8% in 24 hours; BONER's market cap is reported at $44.7 million, down 25.7% in 24 hours; and microduck's market cap is reported at $17.3 million, down 9.5% in 24 hours.

DashTape reports that Linera has announced the conclusion of the LNRA community round subscription period, during which 617 participants from 69 countries subscribed a total of $848,000 USDC. The funds will be returned to participants' wallets via the original channels, and a follow-up announcement will be released after the refund period concludes.

DashTape reports Scroll has announced that it will transition from a general-purpose public chain to a private application-specific network built around its AI product Compass, with an estimated transition period of about 9 months. The team has launched five related products, including the AI entry application Compass, the Compass API aggregating over 30 large models, the privacy trust layer CENO, the payment and settlement product USX, and the governance token SCR, which will soon migrate to the Ethereum mainnet. CENO currently has over 30 potential clients.

DashTape reports The Polkadot community has initiated OpenGov Proposal No. 1944, aiming to create a native decentralized stablecoin called dotUSD and establish it as the primary stable value asset within the Polkadot ecosystem. The proposal is currently undergoing governance voting. According to the proposal, dotUSD will adopt an over-collateralization mechanism, allowing users to mint dotUSD by locking DOT in the future. The system will also include a stability pool, liquidation mechanism, and redemption mechanism to maintain its peg to the US dollar. The proposal plans to use funds from the Polkadot treasury to provide initial liquidity for the DOT/dotUSD liquidity pool, with $2.5 million in USDT used to mint dotUSD and an additional $2.5 million worth of DOT allocated to the liquidity pool, bringing the total initial funding to $5 million. dotUSD is planned to launch in phases, with the first phase using USDT as reserve backing for minting, and the second phase introducing a full DOT collateral vault, oracle, stability pool, liquidation, and redemption mechanisms.

DashTape reports According to sources familiar with the matter, DeepSeek is conducting a new funding round, with a pre-money valuation of approximately $71 billion. Due to limited direct investment quotas, multiple layers of special purpose vehicles (SPVs) have emerged in the market to provide exposure to DeepSeek equity. Some lower-tier SPVs charge upfront fees exceeding 15%, with performance fees reaching up to 40%. Additionally, DeepSeek's ARR reached approximately $500 million last month, and its year-to-date AI infrastructure spending has reached $1.6 billion, nearly 10 times the full-year level of 2025. (Financial Times)

DashTape reports September 9 - According to SoSoValue data, the overall cryptocurrency market continues to maintain a consolidation trend. The CeFi sector remains relatively resilient, rising 1.66% in 24 hours, with Cronos (CRO) up 6.93% and Binance Coin (BNB) up 1.79%. The Layer1 sector rose 1.09%, with Polkadot (DOT) up 12.12% and Zcash (ZEC) up 3.68%. The PayFi sector rose 0.59% in 24 hours, with Ultima (ULTIMA) up 7.06%. Additionally, Bitcoin (BTC) fell 0.63%, dropping below $79,000, while Ethereum (ETH) fell 0.16%, slipping below $2,500. In other sectors, the Meme sector fell 0.54%, but Useless Coin (USELESS) surged 30.19%. The DeFi sector fell 0.79%, with Morpho Token (MORPHO) down 7.17%. The Layer2 sector fell 0.94%, with Optimism (OP) down 5.84%. The RWA sector fell 2.93%, with Pendle (PENDLE) down 5.65%. The crypto sector index, which reflects historical sector performance, shows that the ssiCeFi index rose 1.66%, while the ssiNFT and ssiRWA indices fell 3.26% and 3.03%, respectively.

DashTape reports According to Lookonchain monitoring, an address deposited 11.9 million USDC into Hyperliquid, then opened a long position on 500 BTC with 20x leverage, valued at $39.44 million, with a liquidation price of $55,570.76.