Trader Loracle’s short bets on CASHCAT and PONS have incurred an unrealized loss of $1.33 million.

According to GMGN data, Solana ecosystem meme coin USELESS surged over 50% in 24 hours, with its market cap breaking $150 million and 24-hour trading volume hitting $17.6 million. On September 1, "Bonk Guy" stated that his bullishness on USELESS is even higher than when he traded BONK in 2023, noting that USELESS previously rose from a market cap of around $4 million to $450 million during a non-bull market, and could see even larger gains if it experiences a genuine bull market for the first time. After "Bonk Guy" hyped the coin on September 1, USELESS rallied over 50% that day, pushing its market cap past $100 million. BlockBeats reminds users that meme coins generally have no real use cases, are highly volatile, and require caution when investing.

According to monitoring by OnchainLens, a HYPE whale has withdrawn a total of 824,350 HYPE tokens from Coinbase over the past 17 hours, equivalent to roughly $67.52 million. The wallet has now cumulatively withdrawn around 865,840 HYPE tokens from Coinbase, with a total value of approximately $70.64 million.

Hyperliquid has issued an API announcement stating that it will introduce an optional deployer configuration feature for HIP-3 in an upcoming network upgrade, collectively named HIP-3*. The core functionality allows deployers or their sub-deployers to manage on-chain whitelists and set access permissions for specific markets, enabling the creation of "permissioned markets". This feature is strictly an incremental addition to HIP-3, fully optional, with deployers deciding independently whether to adopt it—no impact on existing markets. The initial version of HIP-3* is now live on testnet; the testnet is a preliminary build and will be adjusted based on community feedback. Hyperliquid emphasized that it remains a neutral infrastructure layer, with the goal of supporting large-scale deployment of financial systems. HIP-3* is designed to provide deployers with additional functionality to operate their deployments while complying with their respective applicable regulatory requirements. Consistent with HIP-3, HIP-3* deployers are independent operators that use Hyperliquid as the on-chain infrastructure layer for their own markets, retaining full control and responsibility over their deployments. This design allows Hyperliquid to maintain its permissionless core while opening access to institutional participants that require a compliance framework.

Robinhood’s chain token launch platform PONS announced that its cumulative trading volume has surpassed $5 billion, with trading activity on the platform continuing to grow. The platform recorded a 24-hour trading volume of $400 million, and over 63% of the total trading volume on the Robinhood Chain Launchpad during the same period was executed via PONS. Per GMGN market data, PONS’s market capitalization has exceeded $550 million, hitting a new all-time high, with an 83% 24-hour price increase and a 24-hour trading volume of $81.7 million.

Omri Casspi, the first Israeli player to play in the NBA, has raised $250 million for the third fund of his venture capital firm Swish Ventures, bringing its total assets under management to approximately $800 million. The new fund plans to invest in around 12 startups, with an average deal size of roughly $20 million, focusing primarily on four sectors: cybersecurity, artificial intelligence, defense, and infrastructure. It targets seed and Series A stages, and can either co-lead rounds with other funds or participate as an investor in financing rounds. The firm also operates an opportunity fund to continue adding to its existing portfolio companies in later growth stages. Swish Ventures has become an active player in Israel’s venture capital ecosystem, with a portfolio spanning multiple cybersecurity and deep tech sectors. Casspi gradually transitioned to a tech investor after retiring from professional basketball.

According to GMGN market data, PONS, the token of Robinhood Chain's native token launch platform, has hit a new all-time high with a market capitalization exceeding $550 million. It rallied 83% in the past 24 hours, with a 24-hour trading volume of $81.7 million. PONS is the native platform token of Pons, Robinhood Chain's native token launch platform. 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 collects. Some community members view it as the Pump.fun on Robinhood Chain. BlockBeats reminds users that such tokens are subject to high price volatility, so investment requires caution.