PONS briefly hit a $990 million market cap this morning, notching another new all-time high.

According to HTX market data, the crypto market saw a minor rebound on Sunday, pushing total crypto market capitalization to $2.781 trillion. Bitcoin broke above $80,000, while Ethereum crossed $2,500. Driven by robust trading activity in the BNB Chain ecosystem, BNB surged past $780 and is now trading at $764. SOL is priced at $104, HYPE at $85.8, and ZEC performed strongly, rising over 5% to hit $1,070. Leading altcoin gainers include ARB, which topped the list with a 48.8% single-day rally to trade at $0.197; SUSHI, up over 40% in 24 hours to break $0.267; and several BNB Chain ecosystem tokens such as MARSCOIN, 1000CAT, TUT, and CAKE, which also ranked among the top gainers amid the ecosystem’s hot trading activity.

According to TradingBeats’ monitoring, as PONS hits new highs approaching a $1 billion market capitalization, trader Loracle has been steadily adding to his short positions on PONS. Currently, he holds $23.11 million worth of short contracts on PONS, with an average entry price of $0.65, liquidation price of $1.82, and an unrealized loss of roughly $6.94 million. Loracle’s total unrealized loss across all short positions has climbed to around $28.7 million. His other major short positions include: $40.31 million short on HYPE, entry price of $53.97, unrealized loss of $15.02 million; $26.96 million short on SNDK, entry price of $1475.09, unrealized loss of $4.43 million; $19.64 million short on NVDA, entry price of $225.70, unrealized loss of $450,000; $10.65 million short on MU, entry price of $870.69, unrealized loss of $1.54 million; and $5.52 million short on CASHCAT, entry price of $0.23, unrealized loss of $310,000. On-chain perpetual contract and address analysis tool TradingBeats is now live, enabling real-time access to Hyperliquid data—from tracing whale operations to in-depth analysis, all at a glance.

Conflict persists across multiple Middle East regions, with the U.S. military and Iran’s Revolutionary Guard Corps (IRGC) claiming to have sunk each other’s oil tankers. U.S. Central Command (CENTCOM) confirmed it sank three IRGC oil tankers, while Iran said it struck three U.S.-linked vessels and three oil tankers. Shipping in the Strait of Hormuz has been disrupted. The UK’s Maritime Trade Operations (UKMTO) reported multiple merchant vessels in the Gulf were hit by “crippling fire”. An Iranian official added that vessels in the strait were “punished” daily last month. Conflict updates: CENTCOM says U.S. forces sank three IRGC oil tankers; the IRGC claims it struck three U.S.-linked vessels and three oil tankers. With the U.S.-Iran conflict entering its sixth month, U.S. intelligence agencies believe Iran has “gained confidence” and may seek to prolong the fighting at least until the November midterm elections. Iran’s military warned that if the U.S. continues its “destructive actions”, it will launch larger-scale strikes on U.S. forces. Iran denied that its Isfahan nuclear facility was attacked. Iranian media outlet Fars News reported explosions near Iran’s Kharg Island, with the specific cause unclear. Iran’s SNN news agency said an Iranian oil tanker near Kharg Island was hit by a missile, and no casualties have been reported so far. The Israeli military said it struck Hezbollah personnel and facilities in southern Lebanon. Sources said the Iranian tanker that was attacked was empty, and its engine room was targeted. Iraq’s Oil Minister announced that Iraq has increased its oil export capacity to over 3 million barrels per day. Qatar’s Prime Minister held talks with Lebanon’s Prime Minister on de-escalating regional tensions and maritime security issues.

According to HTX market data, Ethereum has surged past $2,500, posting a 1.83% gain in the past 24 hours.

Trader Bonk Guy’s portfolio has hit a new all-time high of $27 million, with $20.83 million in gains over the past 30 days, making him the first trader on the Fomo platform to reach a $27 million portfolio. Bonk Guy is also the platform’s all-time top trader, posting $5.34 million in unrealized gains in the last 24 hours and $17.14 million in unrealized gains over the past seven days. The trader has previously emphasized that none of his trades or successes are his own doing, crediting all to God. Tokens PONS, USELESS, and MARSCOIN have contributed the majority of his unrealized gains. Bonk Guy initially purchased 10.9 million PONS tokens for $67,700; the holding is now worth over $10.27 million, delivering a 150x return on investment.

According to GMGN market data, meme coin MARSCOIN on the BNB Chain ecosystem broke through $265 million in market capitalization this morning, setting a new all-time high. The token is now trading at $245 million, with a 38.2% 24-hour gain. Binance recently launched MARSCOIN contract trading on September 1, and rolled out its spot trading on September 4.