China’s demand for tokens has seen explosive growth, with consumption projected to reach 100 quadrillion by 2026.

Singapore has launched online auctions for the first two batches of confiscated assets from its SGD 3 billion money laundering case, with an estimated total value of SGD 2.9 million to SGD 3.9 million. The suspects include Su Weiyi, the mastermind behind cryptocurrency platform Atom Asset Exchange, and Su Baolin, who received illegal gambling proceeds via USDT, converting at least SGD 463,000 into cash and purchasing a Toyota Alphard.

According to GMGN market data, AI-themed meme coins and project tokens on the Robinhood Chain have rallied broadly today, with the AI concept emerging as a new main narrative on the chain. Notably, ZZZ, the token of an AI project launched by original core developers of GMX, went live on its official website today. Driven by this, the token surged 107.7% in a single day, hitting a market cap of $69.22 million, a new all-time high. Meme coins CATGPT and ANTHROPIG, paired with pre-IPO tokens of OpenAI and Anthropic on the Long.xyz platform as their liquidity pools, rallied in early trading today before pulling back, with their current market caps standing at $10.82 million and $3.19 million respectively. UBIK, an alleged AI project created by developers of aixbt, also hit a new all-time high today, with a market cap of $34 million and a 24-hour increase of 47.62%. Additionally, the meme coin AI, paired with Nvidia stocks on the Long.xyz platform, saw its market cap break through $300 million today, with a 24-hour gain of 35.9%. BlockBeats reminds users that relevant tokens are subject to high price volatility, so investors should exercise caution.

After the release of the latest CPI data, Wall Street economists have collectively revised up their forecasts for August’s core PCE, with current projections clustering in the 0.20% high range, and multiple banks even forecasting 0.30% or higher. Specifically: Barclays raised its PCE inflation forecast from 0.22% (pre-CPI) to 0.25%; Goldman Sachs lifted its forecast from 0.24% (pre-CPI) to 0.26%; Nomura Securities adjusted its forecast from 0.245% (pre-CPI) to 0.278%; and Bank of America raised its forecast from 0.26% (pre-CPI) to 0.3%.

Robinhood co-founder Vlad Tenev published a lengthy article early this morning outlining Robinhood’s vision to enable global investors, especially non-U.S. users, to gain exposure to U.S. stocks and ETFs via blockchain, with a key focus on whether issuers need to consent to the tokenization of their stocks. Tenev argues that public company stocks are freely transferable personal property, and their owners should have the right to decide how to hold and use them. Issuing companies control the rights attached to their issued securities, but they do not control all third-party financial products built around those securities—a well-established precedent in financial markets, as seen in unsponsored ADRs, options, and structured products. Accordingly, if a product alters the rights of the underlying shares, replaces the company’s official shareholder register, or imposes new obligations on the company or its transfer agent, issuer involvement is required. If it merely creates an independent financial instrument that holds or references freely transferable shares on a 1:1 basis without modifying the issuer’s rights, obligations, or official shareholder records, no issuer consent is necessary. Robinhood operates on a model where third parties issue independent instruments backed 1:1 by underlying shares. Tokenizing stocks should not grant issuers veto powers they did not previously hold, nor should it bar new investors from entering the space solely because issuers are unfamiliar with new technologies. Last week, AMC’s CEO criticized Robinhood’s so-called "synthetic equity market," warning that stock token trading could decouple from listed companies’ financing arrangements, and demanded Tenev and Robinhood halt AMC stock token trading. The ensuing debate has sparked lively discussions across crypto and stock communities.

Robinhood-linked crypto and meme coin issuance platform Long.xyz founder Nate published a post summarizing the performance of its latest version: Pre-IPO trading pools for OpenAI and Anthropic have attracted roughly $1 million in deposits, with 24-hour trading volumes reaching $18.1 million and $14.6 million respectively. Pool data shows the OpenAI pool has a Total Value Locked (TVL) of $215,300 and an Annual Percentage Rate (APR) as high as 15193.60%, while the Anthropic pool has a TVL of $301,700 and an APR of 9583.99%. The synchronization between pool prices and Lighter_xyz perpetual contract Net Asset Value (NAV) has improved significantly. Nate stated this is the largest launch to date; next steps will include launching liquidity for AI-related trading pairs, increasing overall TVL, and expanding the open pairing model to more top trading pairs on the LONG platform. Today, Long.xyz launched OpenAI and Anthropic Pre-IPO trading pairs, with related contracts powered by Lighter. Meme coins CATGPT and ANTHROPIG paired with these assets have gained market popularity, seeing active trading that spiked briefly before pulling back.

CryptoQuant analyst Darkfost stated that Bitcoin’s recent rally has lifted investor sentiment to its strongest level since March 2024. The market sentiment metric he tracked once surged above 89/100, entering the "extreme greed" territory. This indicator integrates multiple data points including the Fear & Greed Index, with a scale spanning -100 to +100, where -100 corresponds to extreme fear and +100 to extreme greed. Darkfost pointed out that extremely bullish or bearish market sentiment typically signals a potential trend inflection point. Currently, as prior market euphoria gradually recedes, the sentiment metric is cooling to a more normal level, while Bitcoin continues to struggle to defend its current price range.