PONS market cap clears $700 million
- Trencher
- Quant
- Founder
PONS moved above a $700 million market cap after trading near $25 million two weeks earlier. Two large holders now sit on more than $7 million each in unrealized gains.
PONS moved above a $700 million market cap after trading near $25 million two weeks earlier. Two large holders now sit on more than $7 million each in unrealized gains.
Investors pulled a net $389.7 million from U.S. spot Bitcoin ETFs from August 10 to 14, the largest weekly outflow in six weeks. Fidelity’s FBTC accounted for $153 million.
TradeXYZ allocated about $3.4 million, or 12% of perpetual-fee revenue, to buy roughly 59,000 HYPE through time-weighted orders.
ZEC cleared $900 and moved toward $1,000, extending a near-fourfold rebound from the low after the Orchard shielded-pool vulnerability three months earlier.
OpenAI began rolling out GPT-6 Astra, which adds stronger computer-use, coding and visual capabilities. OPENAI perpetuals jumped after the announcement.
Useless Coin surged fourfold in two weeks and crossed a $150 million market cap, reaching a yearly high.
LIT moved above $4.49, extending its record after clearing $4. The breakout came with about $60 million in short liquidations.
Fomo captured 46% of daily spot volume across Solana trading platforms, passing Axiom as its share fell below 30%. Axiom had controlled more than half the market before Fomo’s rise.
Bitcoin cleared its 50-week average near $81,000 and briefly topped $82,000 before easing to about $80,900. Traders now treat $79,500 as the key support for the breakout.
Solana processed a record 4.2 billion transactions in July, up 13.5% from June and about 91% from December 2025.
Variational launched onchain gold and Nasdaq 100 swaps that route liquidity through traditional venues. Traders filled the initial $40 million open-interest cap in 30 minutes, and open interest passed $100 million after Variational raised it.
Robinhood Chain users paid $4.45 million in gas on September 2, more than Ethereum, Solana and Tron combined. Transactions rose 36%, but a 23-fold jump in the base fee drove most of the increase.
NET hit $2,000 for the first time after recovering from an earlier 50% drop. A Uniswap v4 pool had little NET left during the move.
Uniswap Labs bought PONS tokens to deepen its partnership with the team and align for the long term. The purchase is unusual for Uniswap Labs, which rarely buys partner tokens on the open market.
Bitcoin’s 90-day correlation with gold reached a nearly six-year high at the end of August as BTC rose and stocks fell. Its Nasdaq correlation has since climbed back to 0.78, so the break from equities has not held cleanly.
Ethereum held its 11-day EMA, broke $2,470 resistance and traded near $2,508. ETH is back near its local range high.
Bitcoin closed August at $78,571 after gaining 24.95%, its best August since 2017. It stayed above the $65,000 200-week moving average and the $72,000 short-term holder realized price.
Strategy bought 4,603 Bitcoin for $369.7 million after a two-month pause, funding the purchase through common stock sales. Its holdings rose to 845,050 BTC.
The yen gained 2.5% this week as markets priced a more hawkish BOJ, with no intervention evident. Higher Japanese yields could unwind yen-funded carry trades and send volatility into Bitcoin.
The Bitcoin Fear and Greed Index rose to 74, keeping sentiment in greed as Bitcoin traded near $80,979.
The U.S. Treasury accepted $12.5 billion of $28.27 billion in offers for debt maturing from 2026 to 2028. Traders cast the operation as bullish for markets, but any boost to Bitcoin remains uncertain.
Argonauts sold 7,208 public-mint NFTs at 0.12 ETH each in five minutes, with another 2,791 reserved for free claims. Secondary volume passed 1,100 ETH and the floor reached about 0.31 ETH.
Pump.fun appears to have raised daily callout rewards to $1 million, up from more than $200,000 paid to 2,226 small accounts in one prior day. The new rate would put all daily revenue toward callout rewards and token buybacks.
Two Thai businessmen sued Tether after it froze $42.4 million of USDT across 10 Ethereum wallets. They say the freeze followed an informal U.S. law-enforcement request months before a seizure warrant was issued; Tether calls the suit baseless.
The Senate is expected to hold a cloture vote on September 15, opening debate rather than passing the bill. The House's shortened September schedule could leave little time for final passage before the midterms.