Ten days have passed since CZ announced his intention to buy meme coins, yet he has still taken no action, while multiple established meme coins have seen clear rallies over the past week.

Per Bitget market data, Hong Kong’s Nanfang 2x Leveraged Long SK Hynix (07709) is quoted at 29.32, down 5.6%; Nanfang’s 2x Leveraged Long Samsung Electronics (07747) is quoted at 61.84, down 2.95%.

Bitcoin treasury firm Empery Digital sold a cumulative 1,635 BTC between July 1 and August 6, 2026, netting approximately $102.2 million in proceeds. Its current BTC holdings have fallen to 1,279, with 954 of those coins pledged as collateral for a $35 million debt, leaving only 325 BTC freely available — a sharp drop from the 1,375 it held as of June 30.

According to HTX market data, TUT has surged 54% in 24 hours, currently trading at $0.204.

The A-share Global Chip LOF (501225) hit its daily limit down, with a current premium rate of 18.02%. The STAR 50 Index fell more than 2% intraday. The Shenzhen Component Index is currently down over 1%, while the Shanghai Composite Index’s gain narrowed to 0.3%. Sectors including CPO and advanced packaging led the declines.

According to The Hill, Republican National Committee Chair Joe Gruters predicts that after this fall’s midterm elections, the Republican Party will retain control of both chambers of Congress. On House seats, Gruters said: “There are 212 seats leaning Republican, plus 18 swing seats. We need to flip 6. I bet we can win 10. I think we will hold majorities in both the House and Senate.” Gruters added that he is highly optimistic about his prediction.

According to GMGN monitoring, BSC ecosystem meme coin MUBARAK saw another sharp volume-driven surge in the early hours of today. Its price jumped from around $0.013 to nearly $0.03 at one point, with a maximum increase of over 100%, and its market capitalization peaked close to $30 million. It is now trading at approximately $23.68 million, with a 24-hour gain of around 50% and a corresponding trading volume of roughly $17.2 million. This rally occurred immediately after Aster listed a new contract for MUBARAK. In the early hours of yesterday, Aster announced the launch of MUBARAK’s perpetual contract, supporting up to 5x leverage. Following the announcement, MUBARAK quickly broke out of its previous sideways range where its market cap stood at around $13 million. The market appears to be replicating the trading playbook of TUT from earlier. After Aster launched TUT’s 5x leverage perpetual contract on August 6, TUT first rose by over 50%, then evolved into a leveraged-fund-driven short squeeze, surging by around 300% in 24 hours. This time, MUBARAK also saw a rapid volume spike after its Aster listing, with funds starting to trade along a similar path. Both MUBARAK and TUT are long-popular tokens in the BSC ecosystem; they were also jointly selected in Binance’s first batch of "Vote to List" in March 2025 and launched on the spot market. Timeline-wise, MUBARAK’s current resurgence aligns more with the "Aster new listing + leveraged funds + old token rotation" trading template formed after TUT’s rally, rather than a new narrative. BlockBeats reminds users that meme coins have highly volatile prices, driven primarily by market sentiment, community hype, and narratives, with no stable fundamental support. Investors should exercise caution.