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Ansem purchased the AI meme coin on the Robinhood chain via the pump.fun platform early this morning, driving its market capitalization above $20 million to a new all-time high.

44 minutes ago

Crypto KOL Ansem bought over $21,000 worth of the Robinhood chain-based meme coin Artificial Inu on pump.fun early this morning, sparking a wave of market hype. As of press time, per GMGN data, Artificial Inu’s market cap briefly topped $20 million, hitting an all-time high. However, due to recent weak liquidity on the Robinhood chain, the token’s 24-hour trading volume is only $530. BlockBeats reminds users that KOL-led trades carry high uncertainty, and investors should exercise caution.

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Bitwise CIO: Bessent’s Repurchase of US Treasuries Highlights Bitcoin’s 'Hard Asset' Attribute

In response to Scott Bessent’s move to ramp up US Treasury bond repurchases, Bitwise CIO Matt Hougan wrote in an article: "When the government artificially suppresses long-term interest rates, it erodes the value of savings. Investors need to buy hard assets to get out of this predicament. Bitcoin is the fastest horse in this race."

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In August, the U.S. S&P Global Manufacturing PMI came in lower than expected, while the Services PMI exceeded expectations.

The preliminary S&P Global Manufacturing PMI for the US in August came in at 53.2, against expectations of 53.9 and a prior reading of 53.9. The preliminary S&P Global Services PMI for the US in August stood at 56.8, compared with forecasts of 54 and a previous figure of 54.6.

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Peter Brandt: Bitcoin has shifted to a valid bottom pattern, and he bought when it broke out.

Famous trader and chart analyst Peter Brandt, who accurately predicted the 2018 Bitcoin crash, posted yesterday that Bitcoin originally formed an inverted head-and-shoulders pattern and was in an overall downtrend, leading him to be bearish. However, the recent sharp rally has fully shifted Bitcoin’s pattern into a valid bottom. Brandt bluntly stated he “bought at the breakout, for better or worse.” On July 20, Peter Brandt noted that he expects Bitcoin’s current market cycle to bottom on October 4, 2026, and believes returns from investing in Bitcoin over the next two to three years may outperform those from AI stocks.

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HYPE breaks through $77, approaching its all-time high.

According to HTX market data, HYPE has broken through $77, currently trading at $77.02, approaching its all-time high.

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US stocks opened higher, with cryptocurrency-related stocks rallying broadly, and HYPE Treasury Company surging over 9%.

US stock market opens: Dow Jones up 0.5%, S&P 500 up 0.4%, Nasdaq up 0.4%. According to market data from BIT (bit.com), tech stocks posted gains: Micron Technology rose 1%, with its CEO stating current customer demand exceeds the company’s supply by roughly 50%. Broadcom climbed 1.6% as the firm seeks over $60 billion in debt financing to provide chip infrastructure for AI enterprises. Crypto-related stocks rallied broadly, led by HYPE Treasury’s PURR, which surged over 9% at open. MSTR gained 4.08%, BMNR rose 2.13%, COIN up 5.52%, and CRCL up 6.35%.

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JPMorgan Chase warns of autumn sell-off risks for US stocks, potentially repeating the dot-com bubble burst.

JPMorgan Chase believes that while major U.S. stock indices remain in a bullish trend, the risk of a market downturn in late summer or early fall is rising. The bank cited weak internal market indicators, defensive sector rotation, and waning confidence in artificial intelligence (AI) stocks. Strategist Jason Hunter noted that today’s AI trading bears similarities to the 1999-2000 tech boom, sparking concerns about overcrowded exposure in the tech sector.

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