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Lighter Token Surges Over 10% in a Single Day, Hits All-Time High, Likely Driven by Robinhood's Deep Integration

1 days ago

According to market data, Lighter has surged over 10% in the past 24 hours, with its token price now at $3.84, hitting a new all-time high. The project has recently gained multiple positive tailwinds: it has been deeply involved in the formulation of U.S. crypto-friendly policies, and has also integrated closely with the recently trending Robinhood Chain.

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Meme coins lose steam, Robinhood Chain’s PONS and FATCOIN hit new highs

According to GMGN market data, after the MEME coin craze cooled off, some hot tokens on the Robinhood Chain have rebounded rapidly, with PONS and FATCOIN hitting new highs again tonight. FATCOIN currently has a market capitalization of $20.98 million, posting a 24-hour gain of 509.3%; PONS's market cap briefly surpassed $780 million, and is now at $760 million.

10 minutes ago

Gains in the U.S. stock market's AI sector widened, with CPO concept stocks leading the rally.

After the US stock market opened, gains in the AI sector expanded, with CPO-related stocks leading the rally. According to market data from BIT (bit.com), COHR rose more than 6%, MRVL gained 3.95%, and AAOI increased by 4.08%. In the equipment manufacturing sector, LRCX climbed 5.04% and ASML advanced 4.25%. For chip stocks, Micron Technology rose 3.88%, while SK Hynix’s US-listed shares gained 3.58%.

10 minutes ago

Institutional View: Next week’s CPI will determine whether the Federal Reserve acts; Warsh needs to maintain credibility.

IFM Investors portfolio manager Ryan Weldon said August’s non-farm payrolls data will keep the Federal Reserve and markets fully focused on next week’s inflation figures, potentially giving the Fed more room to raise interest rates. If inflation does not show a convincing decline, the Fed will need to take action to preserve the credibility the market has given Walsh after his hawkish remarks at Jackson Hole.

10 minutes ago

Hassett: Inflation is under control, and the Federal Reserve's independence should be respected.

Kevin Hassett, Director of the White House National Economic Council, stated that raising interest rates is an option that remains on the table as widely perceived. Inflation has been brought under control, but the U.S. administration respects the Federal Reserve’s independence and is making every effort to lower prices.

10 minutes ago

U.S. stock market opening sees crypto-related stocks fall broadly, with HOOD down over 1% and AMC’s gains narrowing sharply.

U.S. August non-farm payrolls exceeded expectations sharply, leading to mixed opening performance for U.S. stocks: the Dow Jones Industrial Average fell 0.38%, the S&P 500 edged down 0.13%, and the Nasdaq rose 0.02%. Leading tech stocks showed divergent trends. Per market data from BIT (bit.com), Tesla opened 3.5% lower; Oracle gained 3.7%, ASML rose nearly 2%, while Nvidia and AMD climbed over 1%. Storage stocks rallied broadly, with SNDK leading the advance at 4.52%, and STX up more than 3%. Meanwhile, crypto-related stocks declined across the board: MSTR dropped over 3%, COIN fell 2.68%, and CRCL slid 3.4%. Notably, the crypto-meme paired U.S. stock AMC opened 3.54% higher.

10 minutes ago

WTI crude oil’s intra-day decline widened to 2%.

According to Bitget's market data, WTI crude oil’s intraday decline has widened to 2%, currently trading at $87.84 per barrel. Brent crude oil fell 1.84%, now at $92.89 per barrel.

10 minutes ago

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