Behind the 1000x Star Meme Coin and Stock Craze: AMC CEO Slams Robinhood’s Tokenized U.S. Stocks as Illegal, Engages Securities Lawyers to Launch Investigation

According to Bitget data, the Nikkei 225 index closed 806.46 points higher on Friday, September 4, rising 1.26% to 65,020.94 points. South Korea’s KOSPI index also closed up 107.73 points, or 1.64%, at 6,687.21 points on the same day, with SK Hynix gaining over 3% and Samsung Electronics rising 2.2%.

According to GMGN data, the stock-meme project MEME on Robinhood Chain has been surging, with its market cap briefly breaking through $110 million to hit a new all-time high before pulling back to $95 million. It has surged over 1,000% in 24 hours, with trading volume reaching $59.1 million. MEME leverages stock trading platform Robinhood, pairing with tokenized U.S. stock AMC Entertainment (the U.S. theater chain with ticker AMC) as its liquidity pool, using the MEME/AMC trading pair to provide liquidity. AMC’s CEO stated in a post this morning that Robinhood is advancing a tokenized real-world asset and stock token project involving AMC and over 190 other companies. He noted AMC has no connection to the project, does not endorse the practice, and will immediately request external securities lawyers to review the matter. Robinhood CEO Vlad Tenev responded that there is no need for concern. BlockBeats Note: Stock Meme is an emerging concept that combines traditional meme coins with tokenized U.S. stocks: instead of pairing with USDT or ETH, meme coins are directly paired with on-chain U.S. stock tokens (e.g., NVDA, TSLA, AAPL, etc.). This model retains meme coins’ high volatility and community-driven speculative nature while tapping into the popularity and narrative of real stocks. A portion of transaction fees often flows back to the community treasury to accumulate corresponding U.S. stock tokens, forming a dual-driven model of "sentiment speculation + real asset anchoring". Prices are highly volatile; invest with caution.

The Bank of Korea stated that thanks to Samsung Electronics and SK Hynix’s active expansion of domestic production facilities, South Korea’s leading edge in storage chip production capacity is expected to further expand. The central bank projects that new chip factories set to commence operations by 2028 will boost South Korea’s monthly wafer production capacity by approximately 600,000 units.

According to GMGN data, the stock-meme project MEME on Robinhood Chain has hit a new all-time high, with its market cap exceeding $64 million and currently trading at $52 million, surging over 1000 times in 24 hours and recording a trading volume of $49.1 million. Meanwhile, the public feud between Robinhood CEO Vlad Tenev and AMC CEO continues: the AMC CEO has slammed Robinhood’s tokenized US stocks as illegal, while Robinhood’s CEO quipped in response, “What’s there to worry about?” MEME leverages stock trading platform Robinhood, pairing with the tokenized US stock of AMC Entertainment (the American cinema chain with ticker AMC) as its liquidity pool, offering liquidity via the MEME/AMC trading pair. BlockBeats Note: Stock Meme is an emerging concept that combines traditional meme coins with tokenized US stocks: instead of pairing meme coins with USDT or ETH, they are directly matched with on-chain US stock tokens (such as NVDA, TSLA, AAPL, etc.). This model retains meme coins’ high volatility and community-driven speculative attributes, while tying to the popularity and narratives of real stocks. Typically, a portion of transaction fees flows back to the community treasury to accumulate corresponding US stock tokens, forming a dual-driven model of “sentiment speculation + real asset anchoring”. Prices are highly volatile; investors should exercise caution.

Beating AI News Flash: Security personnel providing security services to office buildings of firms including OpenAI, Anthropic, Google, Meta, and Salesforce have voted to approve strikes when necessary. The staff are mainly employed by third-party security companies such as Allied Universal and Securitas. No official strike announcement has been made yet; whether a strike will actually occur and its start date depend on upcoming labor negotiations, which have been underway for months. The SEIU-USWW union is demanding a $30 hourly minimum wage, plus improved family health insurance, retirement benefits, and job security. The union states management proposed a total of just 25 cents in hourly wage increases over the next four years, with no raises for three of those years. The union currently represents around 14,000 security workers in the San Francisco Bay Area, Silicon Valley, and Los Angeles County. The negotiations have already impacted AI companies' offices: Last week, Anthropic closed its San Francisco office and had employees work remotely after receiving a strike warning from Allied Universal, at a time when union members had not yet voted to approve strikes. That vote has now been completed. OpenAI and Anthropic have both faced security threats targeting their employees in recent years, and tech companies are continuously enhancing physical security.

Beating AI News Flash: Google DeepMind and Google Research have released WeatherNext 3, a global weather forecasting model integrated directly with real-time global satellite observations, capable of regenerating global forecasts every hour. The previous WeatherNext 2 operated on a 25-kilometer grid with 6-hour intervals; the new model boosts maximum grid resolution to approximately 5 kilometers for surface variables like temperature and humidity. Precipitation and snowfall forecasting were key focus areas for improvements. WeatherNext 3 was trained using NASA satellite precipitation data and radar data. Google says that for forecasts of one day or longer, precipitation prediction accuracy can improve by up to 50%. Traditional AI weather models often produced overly vague forecasts for localized heavy rainstorms; this update primarily enhances details for such rapidly changing weather events. WeatherNext 3 is now integrated with Google Search, Gemini, Maps, the Google Maps Platform Weather API, and Earth Engine. Developers can also access forecast data via BigQuery, Earth Engine, and Google Cloud Storage. Traditional physical weather models will not disappear anytime soon. WeatherNext 3’s training still incorporates data from these models, and meteorological agencies typically combine multiple forecast sets when issuing disaster warnings. Google itself reminds users that severe weather and public safety warnings should still be based on local meteorological authorities.