Multicoin Capital Reportedly Sells $112 Million Worth of HYPE, Projected Profit Reaches $64.08 Million

According to GMGN data, the crypto-stock meme project MEME on Robinhood Chain saw its market capitalization briefly surge past $11 million to a new high, currently trading at $11.2 million. The token has rallied over 600 times in 24 hours, with a trading volume of $7.8 million. MEME is paired with tokenized U.S. stock AMC Entertainment (the U.S. theater chain), under the ticker AMC. Additionally, another crypto-stock meme project CINEMA on Robinhood is also paired with AMC, making the two tokens liquidity competitors. BlockBeats Note: Crypto-stock meme (Stock Meme) is an emerging concept that combines traditional meme coins with tokenized U.S. stocks: instead of pairing with USDT or ETH, meme coins are directly matched with on-chain U.S. stock tokens (such as NVDA, TSLA, AAPL, etc.). This model retains the high volatility and community-driven speculative traits of meme coins while leveraging the popularity and narrative of real stocks. Part of transaction fees often flows back to the community treasury to accumulate corresponding U.S. stock tokens, forming a dual-driven model of "sentiment speculation + real asset anchoring". Note: Price fluctuations are significant, invest with caution.

Robinhood CEO Vlad Tenev stated: "Robinhood originally launched to serve a new generation of first-time investors. Today, this client base is accumulating wealth, and their financial needs have grown accordingly. Just weeks after rolling out Trust Accounts, client deposits have surpassed $150 million, with an average account size of roughly $500,000. We aim to accompany and serve them throughout their entire financial lifecycle."

Beating AI News reports that Thinking Machines Lab, founded by former OpenAI CTO Mira Murati, is in talks for a new financing round. The company plans to raise at least $10 billion, with a pre-money valuation of no less than $40 billion. Existing investor Accel is in discussions to lead the round, while Nvidia is also considering participating in the deal, which has not yet been finalized. This valuation is significantly higher than the previous round: when Thinking Machines raised $2 billion last year, its pre-money valuation stood at $10 billion, with a post-money valuation of $12 billion. Calculated on the same pre-money basis, the new round’s valuation is at least four times that of over a year ago. Notably, the company had sought a valuation of more than $50 billion at the end of last year, a target it has since lowered. Thinking Machines has also begun generating substantial revenue, with annualized income of at least several hundred million dollars. Revenue primarily comes from Tinker, a platform where customers pay to access its computing power and tools to fine-tune AI models on their own data. The firm’s first self-developed open-weight model, Inkling, has also been integrated into Tinker. This year, Thinking Machines signed a long-term computing power partnership with Nvidia, planning to deploy at least 1GW of the Vera Rubin system, with Nvidia making an additional investment. The new financing round will be used for model training, server leasing, and talent recruitment.

According to GMGN data, the stock-meme project CINEMA on Robinhood Chain briefly surged past $12 million in market cap to a new high before quickly retreating to $4 million. The token has rallied over 10-fold in 24 hours, with trading volume reaching $6.5 million. CINEMA is paired with tokenized US stock AMC Entertainment (the American theater chain), under the ticker AMC. BlockBeats Note: Stock Meme is an emerging concept that merges traditional meme coins with tokenized US stocks. Instead of pairing meme coins with USDT or ETH, they form trading pairs directly with on-chain US stock tokens (e.g., NVDA, TSLA, AAPL). This model retains meme coins’ high volatility and community-driven speculative traits, while tapping into the popularity and narrative of real stocks. Typically, a portion of transaction fees flows back to the community treasury to accumulate the corresponding US stock tokens, forming a dual-driven model of "sentiment hype + real asset anchoring". Prices are highly volatile, so investors should exercise caution.

Robinhood CEO Vlad Tenev stated: "Robinhood originally launched to serve a new generation of first-time investors. Today, these customers are steadily building wealth, and their financial needs have grown accordingly. Just weeks after rolling out Trust Accounts, client deposits have surpassed $150 million, with an average account size of roughly $500,000. We aim to accompany and serve them throughout their entire financial lifecycle."

According to Yu Jing Monitoring, as UNI prices hit a new yearly high, an address withdrew 1 million UNI from Binance to an on-chain wallet over the past three hours, valued at roughly $6.36 million. Per HTX market data, UNI has broken the $6.5 mark, posting a 12.15% gain in the last 24 hours.