Morgan Stanley: The Federal Reserve will hold interest rates steady despite Walsh’s hawkish signals.

Today, the meme token project MEME listed on Robinhood Chain has suddenly become the market focus. The project’s full name is “A Meme Coin”, whose abbreviation is exactly AMC, and it uses the “MEME/AMC” trading pair, pairing the meme token with AMC Entertainment’s stock token in a single on-chain liquidity pool. According to GMGN data, MEME surged over 1,000% in a short time after launch, with its market cap once exceeding $150 million. Meanwhile, AMC’s underlying stock was also driven up, surging 21% in overnight and pre-market trading to around $3. The day before, AMC’s US stock closed at $2.54, with no major fundamental news released by the company that day. AMC CEO Adam Aron subsequently publicly criticized Robinhood on X, stating that AMC had not participated in, authorized, or endorsed such AMC stock-linked token products, and questioned their legality. Aron also said the company will hire external securities lawyers to review the matter and may file inquiries with the SEC. Robinhood CEO Vlad Tenev responded on X with “What’s the concern?”, further amplifying market discussions. BlockBeats has conducted a comprehensive review of this incident in its on-site article titled “The $150M Extreme Emotional Speedrun: AMC’s Short Squeeze Comes Full Circle Every 5 Years”.

Today, besides the meme token on the Robinhood chain that surpassed $100 million in market cap in a single day, other hot projects are also gaining traction. Among them, the new token launch platform pair.fund stands out. According to its official documentation, the platform allows users to issue ERC-20 tokens with a fixed total supply of 1 billion, select 1 to 5 listed Robinhood Stock Tokens (such as AAPL, TSLA, NVDA, SPY, etc.) as quote assets, and permanently lock liquidity on Uniswap V4. As of press time, data from GMGN shows that the platform’s native token PAIR has a market cap of $8.53 million, with a 24-hour increase of 91.37%. The largest token by market cap issued on the platform is CINEMA, which currently has a market cap of $3.52 million.

Beating AI News reports that AI inference startup Gimlet Labs has closed a new $300 million funding round, lifting its valuation to $3 billion. Andreessen Horowitz (a16z) led the round, with new participation from Arm and Microsoft’s M12. Gimlet operates a multi-chip inference cloud, which splits individual AI inference tasks across stages to run on the most suitable chips. The startup has secured funding at a rapid pace: roughly six months ago, it closed an $80 million Series A round; less than a year prior, it raised a $12 million seed round, bringing its total three-round funding to $392 million. CEO Zain Asgar noted the latest round was finalized quickly because the company received multiple unsolicited term sheets from investors. Originally focused on chip orchestration software, Gimlet has since expanded to assisting clients with data center construction and is building its own data center facilities. Different chips have unique requirements for cooling, temperature, and server configurations, so strong software alone is insufficient—entire data center rooms must be redesigned accordingly. For instance, prefill and decoding in AI inference have distinct demands: the former is more compute-intensive, while the latter relies heavily on memory bandwidth. Gimlet can assign these tasks to chips from different vendors. Arm is both an investor and partner in this round; the two parties will also collaborate to adapt Gimlet’s software to more Arm chips.

Today, AMC, a U.S. publicly traded company, saw its CEO engage in a debate with Robinhood’s founder over the legality and rationality of U.S. stock tokenization. Taking this as an opportunity, the meme coin "MEME"—backed by AMC stock—hit a "mythical" milestone of surpassing $100 million in market cap in a single day. Meanwhile, AMC’s post-market trading once surged over 20%. As of this afternoon, the latest development is that AMC CEO Adam Aron has demanded Vlad Tenev and Robinhood voluntarily halt AMC stock token trading; otherwise, AMC has retained external securities lawyers to explore whether it can take measures to force a stop. He also stated he will submit inquiries to the U.S. Securities and Exchange Commission (SEC) regarding Robinhood’s practices. In today’s BlockBeats article titled "The Extreme Emotional Rush of $150 Million: AMC’s Short Squeeze Comes Full Circle Every 5 Years," a quantitative analysis was conducted on the practical possibility of short squeezing AMC stock amid the MEME craze. The article notes that based on the current volume of AMC stock in MEME’s liquidity pool, achieving a short squeeze on the underlying stock is "still several orders of magnitude away." Due to time zone differences, as of press time, related events have temporarily cooled down: AMC’s pre-market trading gain has fallen back to 6%, and MEME’s market cap has also dropped below the $100 million mark. However, BlockBeats believes that if the incident continues to escalate, Robinhood’s founder firmly adheres to the crypto-stock meme route, and the debate between the two sides expands to a broader scope, MEME’s popularity and market cap keep rising, the crypto community may still potentially seize the pricing power of AMC’s underlying stock.

Beating AI News Flash: Bloomberg cited people familiar with the matter that DeepSeek plans to deploy at least 160,000 Huawei Ascend 950DT chips at its AI data center under construction in Ulanqab, Inner Mongolia. If the plan is realized as scheduled, this will become one of the largest known Huawei AI chip clusters to date. DeepSeek also intends to purchase more chips, but Huawei’s production capacity cannot meet demand for now, with full delivery expected to take over a year. The 950DT chips will be used to run DeepSeek’s models; the company has no current plans to use them for model training. To date, DeepSeek still relies mainly on NVIDIA GPUs for core training. The 160,000 chips are only part of the overall project. DeepSeek previously planned to build a roughly 1GW-level AI data center in Ulanqab, and will rent additional computing power from other local operators.

Beating AI Express: ByteDance has secured a roughly $29.6 billion syndicated loan, setting a new company record and marking the second-largest dollar-denominated loan in Asia this year, trailing only SoftBank’s approximately $40 billion bridge loan. The firm had initially planned to borrow just $20 billion, but strong demand from participating banks pushed the total size up to nearly $30 billion. While the loan is not officially disclosed as being specifically for AI, with its stated purpose being general corporate use, ByteDance is sharply ramping up capital expenditure—focusing on expanding AI data centers and computing power infrastructure, while continuing to invest in models such as Doubao and Seedance, and expanding its enterprise-facing cloud business. Chinese tech giants’ AI financing activities are also continuing to scale up. Alibaba raised roughly $10.2 billion via a share placement last month, explicitly earmarking all proceeds for AI. ByteDance’s latest move, bringing its largest-ever loan to nearly $30 billion, signals that the AI race has evolved from competition in model capabilities to a battle over balance sheets.