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Meme coin RAYCAT's market cap surpasses $15 million, hitting an all-time high.

53 minutes ago

According to GMGN data, the market capitalization of Solana-based meme coin Raydium Cat (RAYCAT) has exceeded $15 million, hitting an all-time high. The token is currently trading at $14.5 million, with a 24-hour gain of 350% and a trading volume of $3.4 million over the same period. Just dozens of minutes ago, the official Fomo platform announced that Raycat has been listed and verified on its platform. RAYCAT launched on the StonkFun platform, directly paired with RAY. Each transaction incurs a 3% tax, which is proportionally distributed as RAY rewards to all holders. Additionally, StonkFun’s ecosystem flywheel continues to use platform revenue to repurchase and burn the token. In short, holding RAYCAT automatically grants holders RAY, the native token of Raydium. BlockBeats reminds users that most meme coins lack practical use cases, are highly volatile, and caution is required for investments.

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Ethereum breaks through $2,600, surging 6.75% in 24 hours.

According to HTX market data, Ethereum has surpassed $2,600, jumping 6.75% in 24 hours.

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US pre-market trading sees strong performance from optical communication concept stocks, with MRVL, AAOI, and COHR rising more than 3%.

According to market data from BIT (bit.com), optical communication concept stocks performed strongly in early US stock trading: Pure Photonics ETF FOTO rose 2.82%; Marvell Technology (MRVL) rose 3.75%; Applied Optoelectronics (AAOI) rose 3.67%; Lumentum Holdings (LITE) rose 1.51%; Coherent Corp. (COHR) rose 3.56%; Ciena Corporation (CIEN) rose 3.69%; Fabrinet (FN) rose 2.30%; AXT Inc. (AXTI) rose 3.89%; and Nokia (NOK) rose 2.50%.

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U.S. stocks open, with crypto-related stocks rallying across the board; Strategy gains 1.19%.

According to BIT (bit.com) market data, crypto-related stocks rallied broadly as US stocks opened for trading: Strategy (MSTR) rose 1.19%, Coinbase (COIN) gained 1.11%, Circle (CRCL) increased 0.99%, BitMine Immersion (BMNR) climbed 1.34%, SharpLink Gaming (SBET) advanced 1.78%, and CEA Industries Inc (BNC) was up 0.8%.

1 seconds ago

A trader liquidated their LAPTOP position at a loss, with an initial investment of $249,000 now reduced to just $15,000.

According to monitoring by EmberCN, a trader liquidated their entire position of meme coin "LAPTOP"—launched by Hunter Biden, son of US President Joe Biden—at a loss last night at $0.6. The trader had invested a total of $249,000, leaving only $15,000, representing an approximate 94% loss. They chased the token’s price during its launch the night before last at $217.5, then added to their position at $2 in the early hours of yesterday morning, before finally cutting their losses.

1 seconds ago

Following the release of CPI data, US stocks opened higher, with optical communication and memory chip stocks rising across the board.

According to market data from BIT (bit.com), following the release of CPI data, the three major U.S. stock indexes opened higher across the board: the Dow Jones Industrial Average rose 1.02%, the S&P 500 gained 0.84%, and the Nasdaq Composite increased 0.77%. U.S. optical communication and storage chip stocks also rallied at the open, with Coherent and Marvell Technology surging over 3%, SK Hynix and Intel climbing more than 2%, and Micron Technology, Seagate Technology, and SanDisk advancing over 1%. Oracle jumped more than 7% after its first-quarter adjusted revenue exceeded expectations.

1 seconds ago

Solana’s proposal SIMD-0437, the second phase of its rent reduction, will go live on the mainnet on September 11.

Solana core development team Anza announced that the second phase of Solana’s SIMD-0437 rent reduction proposal will take effect on the mainnet at around 21:15 UTC on September 11, corresponding to epoch 1033. Per-byte lamports will drop from 6333 to 5080, marking an overall reduction of roughly 27% from the initial level, making on-chain storage deposits such as creating token accounts more affordable. The official also stressed there is no fixed timeline for subsequent steps: the third phase will only launch after confirming on-chain state growth is safe, and SIMD-0438 can serve as a fallback to revert rent parameters if anomalies arise. Three steps remain in the five-step plan.

1 seconds ago

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