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BNB Chain has launched the $4 million "BNB Stonks Szn" campaign, and Bonk Guy is likely to be its biggest beneficiary.

1 hours ago

BNB Chain has announced the launch of its multi-week meme trading season "BNB Stonks Szn," with a total prize pool of $4 million. From September 4 to 12, eligible meme tokens paired with bStocks will compete for rankings on the meme leaderboard. The prize pool will be distributed weekly and increase incrementally each week. The first week’s prize pool stands at $400,000, allocated based on the HODLer Index (Diamond Hand Index), with the top three meme token holder communities unlocking airdrops. The index is calculated based on holding size and duration, with data tracked starting July 27, 2026; selling midstream will reduce scores. Eligibility requires individual meme token holdings of at least $100. The first week’s results and airdrop amounts will be announced by BNB Chain’s official X account at 15:00 UTC on September 11, with rewards sent directly to eligible wallets in BNB. Notably, MarsCoin is currently the largest market cap meme token paired with bStocks on BNB Chain, and on-chain data shows crypto KOL Bonk Guy is its largest individual holder.

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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.

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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%.

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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.

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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.

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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.

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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.

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