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Memes related to Robinhood’s on-chain tokens and meme stocks keep emerging, with the new token "18932" surging past $3 million in market capitalization within one hour.

1 hours ago

According to GMGN market data, the Robinhood-linked on-chain meme token 18932 surged past $3 million in market capitalization in less than an hour after launch, and is now trading at $2.72 million. The meme token draws inspiration from asteroid 18932, which is named "Robinhood", and is paired with a liquidity pool of tokenized U.S. stock SpaceX, leveraging the Robinhood stock trading platform.

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Robinhood Chain experiences an outage, suspending new block production for more than 4 minutes.

According to on-chain data, the Robinhood blockchain is suspected to be down, with new block generation suspended for over 4 minutes.

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Fueled by intense on-chain hype, GMGN’s fee revenue has stayed near its all-time high for multiple consecutive days, on par with levels during the peak of the TRUMP coin craze.

According to data from DeFiLlama, fueled by hype on the Robinhood Chain and BSC Chain, the GMGN platform has seen its fee revenue near all-time highs for multiple consecutive days. The latest figures show its 24-hour fee revenue reached $2.59 million, while its 30-day cumulative revenue hit $37.96 million. This level is on par with the period when Trump launched the TRUMP coin, second only to the peak of the "Binance Life" hype.

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After the release of non-farm payroll data, Bitcoin plunged sharply, dipping below $80,000.

According to HTX market data, Bitcoin plummeted sharply after the release of non-farm payrolls (NFP) data, breaking below $80,000 to a current price of $79,801.99, with a 1.61% drop over the past hour. As tonight’s NFP data came in far exceeding expectations, the market has ramped up bets on a September interest rate hike by the Federal Reserve.

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Following the release of non-farm payroll data, the probability that the Federal Reserve will raise interest rates in September has exceeded 60%.

Traders are currently further increasing their bets on a September interest rate hike by the Federal Reserve. Swap markets indicate the probability of a September rate hike has exceeded 60%.

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The August US non-farm employment data exceeded all institutional survey expectations.

U.S. August job growth exceeded expectations, with the unemployment rate holding steady at 4.1%, indicating the labor market is more robust than previously forecast. Data released Friday by the U.S. Bureau of Labor Statistics shows that, following upward revisions to the prior two months' figures, nonfarm payrolls rose by 162,000 last month, a figure that surpassed all expectations from institutional surveys.

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Bonk Guy calls out CZ: "Still testing meme coin buys? MarsCoin is a solid candidate."

Well-known crypto KOL Bonk Guy called out Binance CEO CZ on X, urging him to fulfill the "buy/sell meme coin" commitment he referenced on July 30. Bonk Guy specifically highlighted MarsCoin, which just launched on Binance’s spot market, calling it a strong candidate. Notably, Bonk Guy holds MarsCoin worth $4.6 million in his public wallet address, having purchased $984,000 worth of the token at an average price when MarsCoin’s market cap stood at $38.9 million. Yesterday, Binance co-founder He Yi followed Bonk Guy on X, triggering widespread discussion in the crypto community.

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