Federal Reserve Governor Jefferson: No Need to Hurry to Further Cut Interest Rates, Strong Economy Makes Caution Appropriate

According to GMGN market data, the Robinhood crypto-stock meme coin BONER briefly hit a market cap of over $69 million, and has now retreated to $61 million. It posted a 30.8% 24-hour increase, with a 24-hour trading volume of $17 million. BONER is paired with the stock token HIMS. BlockBeats Note: Stock Meme is an emerging concept that merges traditional meme coins with tokenized U.S. stocks. Unlike meme coins paired with USDT or ETH, these tokens are directly matched with on-chain U.S. stock tokens (such as NVDA, TSLA, AAPL, etc.). This model retains the high volatility and community-driven speculative traits of meme coins, while leveraging the popularity and narratives of real stocks. Typically, a portion of transaction fees is redirected to the community treasury to accumulate the corresponding U.S. stock tokens, forming a dual-driven model of "sentiment speculation + real asset anchoring". Related tokens are highly volatile, so users are advised to exercise caution when investing.

According to GMGN market data, the meme coin microduck, modeled after an open-source robot under Hugging Face, surged in market cap to cross $50 million in a short-term rally before pulling back, now trading below $40 million with a 24-hour trading volume of $15.82 million. The news backdrop: NVIDIA plans to acquire AI startup Hugging Face for $12.93 billion. The meme coin draws inspiration from Hugging Face’s real open-source small robot "Microduck" — a 25cm duck-shaped RL robot priced at ~$399 — released on August 27, 2026. It has no affiliation with Hugging Face, Pollen Robotics, or NVIDIA’s official teams, and is an independent meme token launched by the community capitalizing on the hype. BlockBeats reminds users: Most meme coins lack practical use cases and are highly volatile; please protect your assets and avoid FOMO.

Wall Street Journal reporter Nick Timiraos, known as the "Fed’s mouthpiece", says Fed Governor Christopher Waller’s overall stance has not fundamentally changed since July, but his policy tilt has shifted: from concerns and a bias toward tightening monetary policy back then, to cautious optimism and a preference for keeping interest rates unchanged now. The final decision will depend on August’s inflation data. Waller’s reaction path for the September 15-16 policy meeting is clear: if inflation continues moving toward the 2% target, he will hold rates steady; if August’s inflation figures come in higher, he will consider a rate hike.

Apple Inc. is facing a class-action lawsuit in London seeking up to ￡2 billion (approximately $2.7 billion) in damages. The suit was filed today at the Competition Appeal Tribunal in London, initiated by Ann Pope, a former senior official at the UK’s Competition and Markets Authority, on behalf of app developers. The core allegation is that Apple’s App Tracking Transparency (ATT) feature, launched in 2021, imposes stricter restrictions on third-party developers than on its own services, granting Apple’s in-house advertising ecosystem an unfair competitive advantage. Ann Pope stated that Apple’s policies have "caused very significant harm to businesses that rely on Apple as a gatekeeper." Since its rollout, ATT has been a longstanding focus of global regulatory scrutiny. Apple’s official stance is that the feature is designed to let users control whether apps track their activity across other companies and websites. However, plaintiffs argue there is a double standard in the rule’s implementation: third-party apps’ tracking requests require strict pop-up authorization, while Apple’s own personalized ads and services can bypass equivalent restrictions. This lawsuit is the latest legal challenge facing Apple over its ATT policy, and marks the first major private antitrust lawsuit in the UK targeting Apple’s app ecosystem rules, following regulatory reviews from the EU, the U.S., and multiple other countries.

US-listed firm Eightco Holdings (Nasdaq: ORBS) announced that as of September 2, its total assets stood at roughly $380 million, primarily consisting of: approximately $90 million in OpenAI equity held indirectly via a special purpose vehicle (SPV), $18 million in Beast Industries equity, a $1 million investment in Mythical Games, 16,278 ether (ETH), nearly 302 million Worldcoin (WLD) tokens (priced at ~$0.37 per token on Coinbase), plus about $122 million in cash and stablecoins. Over the past month, the company has repurchased more than 25 million common shares under its previously unveiled $125 million share buyback program, and took part in World Foundation’s $52.5 million funding round led by Pantera. The company positions its investment portfolio to target three core trends: artificial intelligence, digital identity, and the creator economy. OpenAI accounts for roughly 24% of its treasury assets, WLD makes up ~29% (the largest publicly disclosed institutional holding globally, representing ~8.3% of its circulating supply), while Beast Industries accounts for ~5%. Management notes that this portfolio covers key segments of the future AI and digital financial system.

According to Lookonchain's monitoring, five months ago, when Solana ecosystem meme coin USELESS’s market cap dropped to $30 million, well-known crypto KOL "Bonk Guy" began using a dollar-cost averaging strategy to buy the token. Over the past month, Bonk Guy has continued purchasing USELESS, and now holds 15.9 million tokens worth $2.52 million, with an unrealized profit of $1.68 million. Per GMGN data, USELESS, the Solana meme coin, rose over 50% in 24 hours, pushing its market cap above $150 million. On September 1, Bonk Guy said his bullishness on USELESS is even stronger than when he traded BONK in 2023, noting that USELESS previously surged from a $4 million market cap to $450 million in a non-bull market, and could see even larger gains if it experiences a real bull market for the first time. After Bonk Guy’s bullish call on September 1, USELESS jumped over 50% that day, breaking through the $100 million market cap mark. BlockBeats reminds users that most meme coins have no real use cases, are highly volatile, and require cautious investment.