Suspected Sonic Labs-Related Address Transfers 11.78 Million S Tokens to Binance, Valued at Approximately $5.55 Million

Crypto trader Ansem posted a bullish call for Solana-based meme token ZCAT (Anonymous Cat). According to GMGN data, ZCAT’s market cap briefly surged past $69 million to hit a new all-time high, and has since pulled back to $50 million. The token has seen a 360% (3.6x) increase in its 24-hour trading volume, which stands at $2.2 million. ZCAT is a cat-themed meme token built on Solana, inspired by Zcash (ZEC)’s privacy concept, with its mascot being an anonymous cat wearing a brown paper bag over its head. A ~3% tax is levied on transactions or transfers, with proceeds used to purchase and airdrop bridged Zcash (ZEC) on Solana to holders. BlockBeats reminds users that most meme tokens have no real use cases, are highly volatile, and investors should exercise caution.

According to monitoring by crypto analytics platform Yu Jing, the address suspected to hold HYPE tokens for venture capital firm a16z transferred 13.05 million USDC to decentralized exchange Hyperliquid 8 hours ago, and purchased HYPE via a Time-Weighted Average Price (TWAP) order. The same address spent 66.4 million USDC to buy 816,000 HYPE tokens at an average price of $81.3 one week ago. Currently, the address has bought and staked 5.201 million HYPE tokens, valued at approximately $445 million, with an average entry price of around $67.2, posting an unrealized profit of roughly $95.18 million.

Base co-founder Jesse Pollak said his X account was hacked. Attackers used a third-party app connected to his X account to post a fraudulent token; the relevant post has been deleted. Pollak has since removed all third-party app connections and regained full control of his account, warning users to stay vigilant. Community feedback shows the attacker released a token named BASEMEME, which plunged more than 90% after Pollak clarified the incident.

According to YuEjin Monitoring, BitMEX co-founder Arthur Hayes purchased 244,000 UNI via over-the-counter (OTC) trading through Flowdesk one hour ago, with the transaction totaling approximately $1.73 million at a unit price of $7.06.

According to GMGN market data, the on-chain token PONS on Robinhood Chain briefly exceeded $990 million in market capitalization this morning, hitting a new all-time high. It has since pulled back to $860 million, with a 28% 24-hour price gain and $109.2 million in 24-hour trading volume. PONS is the native token of Pons, a token issuance platform built on Robinhood Chain. The platform supports the creation and issuance of fixed-supply tokens, uses collected WETH fees to repurchase PONS, and directly burns the PONS fees it charges. Some community members view it as the Robinhood Chain equivalent of Pump.fun. BlockBeats reminds users that such tokens are highly volatile, so investment requires caution.

Ahead of the Federal Reserve’s September 15-16 policy meeting, the Trump administration is ramping up public pressure on the Fed to avoid raising interest rates and even push for further cuts. Trump, U.S. Vice President Vance, Treasury Secretary Bessent, and White House Senior Economic Advisor Navarro have all recently publicly called for keeping rates steady or lowering them. Markets currently assign a roughly 60% probability that the Fed will raise rates by 25 basis points in September, driven primarily by U.S. August nonfarm payrolls adding 162,000 jobs and the unemployment rate holding at 4.1%. Fed Chair Walsh has repeatedly emphasized inflation risks, noting earlier that 54% of components in the PCE price index rose more than 3% over the past 12 months, arguing the Fed should focus on curbing inflation. Trump’s latest remarks go further, suggesting that if the Fed does not cut rates, the U.S. could take measures such as halting trade with countries that run a trade surplus with the U.S. With the November midterm elections approaching, high prices and elevated interest rates are putting growing political pressure on the Trump administration. Markets will now closely watch U.S. CPI data to be released this week, which could be a key factor in the Fed’s decision to raise rates or hold them steady in September.