Meme coin Microduck surges then pulls back, falling below $40 million market cap.

According to Defillama data, GMGN’s protocol revenue reached $2.46 million over the past 24 hours, surpassing Pump.fun’s $1.12 million and Hyperliquid’s $1.76 million.

According to GMGN data, BNB Chain ecosystem meme coin MarsCoin has hit a market cap of over $120 million, a new all-time high. Its 24-hour trading volume stands at $33 million, with an 89% price increase over the same period. Trader BonkGuy (Unipcs) noted today that MarsCoin reminds him of BNB Chain’s SAFEMOON from 2021, which once reached a market cap of around $17 billion. BonkGuy believes MarsCoin has a stronger narrative, combining multiple trending concepts including Elon Musk, CZ, Mars, and SpaceX, making it one of the key assets in BNB Chain’s meme coin space. BlockBeats reminds users that most meme coins lack real use cases, are highly volatile, and caution is needed when investing.

On-chain analyst Ai Yi (@ai_9684xtpa) has monitored that newly created address 0x362…95c45 withdrew 1,000 units of gold-backed token PAXG from OKX over the past seven hours, worth $4.428 million. With gold prices rising tonight, the position has generated an unrealized profit of $36,000.

According to HTX market data, Bitcoin has broken through $79,000, with a 2.2% gain in the past 24 hours.

According to BIT (bit.com) market data, U.S. stock Robinhood (HOOD) saw its early-session gain widen to 12.3%, with its share price breaking above $120, hitting a new high since January this year. Robinhood’s recent sharp rally is primarily driven by three concurrent positive catalysts: a surge in on-chain transactions, multiple Wall Street firms upgrading their ratings, and a massive jump in forecasted revenue. Robinhood Chain has been particularly active on-chain: on September 1, its network revenue exceeded $3.8 million, accounting for roughly 38% of the day’s total network revenue. The chain processed 5.52 million transactions in a single day, generating $2.66 million in application revenue, a record high since its launch. Separately, Wall Street institutions including Morgan Stanley and Piper Sandler have upgraded Robinhood’s ratings and target prices. Forecasted revenue for its prediction market segment surged over tenfold year-over-year to $156 million in Q2.

According to market data from BIT (bit.com), U.S. stocks extended their gains, with the Nasdaq’s intraday rise widening to nearly 1%. Most major tech stocks advanced: SpaceX and Tesla rose nearly 6%, Meta gained over 4%, Microsoft climbed nearly 3%, while Nvidia and Google rose nearly 2%; Broadcom fell more than 6% following its earnings report.