WalletConnect is expanding token support to Solana and conducting a 5 million WCT airdrop.

Polymarket, a prediction market platform, has issued goodwill compensation to users affected by its earlier CLOB outage, per Suhail Kakar, head of DeFi integration at the firm. Approximately 3,000 wallets automatically received the compensation. Users who believe they were impacted but have not received it can contact the team via email to provide details by September 18 for manual review. Polymarket’s status page on August 31 showed that its trading API (CLOB) experienced a major outage, causing response delays when users accessed unfilled orders.

Pre-market key news for US stocks: US August CPI accelerated, boosting rate hike expectations; markets now price in a ~90% chance of a Fed rate hike next week, with two more hikes fully expected by year-end. Global markets remained strong post-CPI release, with all three major US stock index futures extending gains of over 1% each. Spot gold rebounded more than $70 from its post-CPI low, breaking above $4,360/oz after hitting a trough near $4,290/oz earlier. Bitcoin dipped briefly before recovering to $78,000, while Ethereum surged past $2,500. SpaceX’s CFO revealed the firm recently secured a large AI computing power hosting deal, set to bring ~$1.1 billion in monthly incremental revenue; the company is “fully confident” of hitting its $100 billion annual recurring revenue (ARR) target by year-end. Qualcomm and Samsung Electronics’ new foundry talks hit a stalemate over price disagreements. Industry sources said Qualcomm’s application processor (AP) project using Samsung Foundry’s 2nm process is likely delayed until next year. Microsoft is turning down some AI and cloud service orders due to computing power shortages, and plans to expand its global data center capacity from ~12 gigawatts (GW) now to over 38 GW by 2032. “Big Short” protagonist Michael Burry closed out his December-expiring put options on Nvidia and Palantir, citing a desire to hold more cash to assess evolving market conditions in the fall. Nvidia CEO Jensen Huang said cybersecurity could be AI’s next major application area, as AI models accelerating automatic programming are disrupting the cybersecurity industry.

Goldman Sachs economist Alexandra Wilson-Elizondo said: "Today’s CPI came largely in line with expectations, a result that on the surface is what investors wanted, but it has significantly raised uncertainty around next week’s interest rate decision. The challenge is that the data does not fully reflect some of the recent inflation pressures that have emerged, and there is almost no evidence that inflation is returning to target levels in the short term. This report’s survey period predates the latest round of energy price increases, as well as the spread in commodity gains from energy to sectors like metals and agriculture. Today’s inflation data does not eliminate the possibility of stronger price pressures emerging in the future. All in all, today’s in-line data will keep the Federal Reserve’s option to raise interest rates open, without forcing it to act. So markets may now pay more attention to Waller’s communications, energy prices, labor market data, and upcoming developments rather than what was released today."

Yemen’s Houthi movement issued a statement announcing that it launched large-scale multi-front military operations on September 3 this year, with the goal of expelling Saudi forces from parts of Yemen’s west coast. The operations yielded the following results: First, Saudi enemy forces were driven out of 6 regions in Taiz and Hodeidah provinces, covering a total area of 5,400 square kilometers. These areas have now regained safety and stability. Second, 7 military formations of Saudi enemy forces were targeted, involving 38 military brigades in total. Third, a number of Houthi personnel detained for years by Saudi-backed mercenaries were rescued. Fourth, the armed forces conducted 32 interception operations against Saudi warplanes and shot down 9 aircraft. The Houthi movement reaffirmed that maritime navigation is safe for all companies except Saudi vessels. It will continue to uphold the "blockade against blockade" approach, strike Saudi enemy forces, respond to escalation with escalation, until aggression ends and the blockade is lifted.

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.

Prominent trader Bonk Guy has responded to criticism from the STONK community over his purchase of EMBER, calling the backlash "extremely exaggerated." Some community members argued his buy of another token launch platform token amounted to an attempt to challenge STONK’s industry standing. Notably, STONK’s second-largest holder previously acquired EMBER at a $2.8 million market cap and held a bullish stance for days without facing pushback, while Bonk Guy — who bought EMBER at roughly six times that holder’s entry valuation — was labeled a "villain," a clear case of double standards. Bonk Guy emphasized he remains bullish on STONK, explaining he has long focused on low-market-cap projects due to their higher risk-reward ratios, rarely buying large-cap tokens even when optimistic about their future performance. He added his EMBER purchase had no "PvP" (player-versus-player competition) intent, stating STONK and EMBER can absolutely succeed simultaneously, and the view that "only one winner can exist in a sector" runs counter to the core of the crypto industry. Per GMGN market data, EMBER — the platform token of Solana-based Ember Curve — surpassed $40 million in market cap today. Ember Curve is a new token launch platform built on Meteora. Bonk Guy noted EMBER is his first Solana ecosystem token buy in a long time, calling it one of the token launch platforms with the strongest fundamentals currently, backed by Meteora with robust resources and endorsements. He predicted EMBER’s market cap will exceed $100 million. For context, STONK is the platform token of Solana token launch platform StonkFun.