StonkFun’s 7-day revenue reached $4.85 million, surpassing Pons to rank tenth.

On-chain analyst Yu Jin’s monitoring shows that over the past week, GMGN has sequentially transferred 23,550 BNB in transaction fee revenue to the trading platform Pionex, valued at roughly $17.34 million.

US SEC launches a five-year innovation exemption, paving the way for eligible tokenized US stocks to trade via Automated Market Makers (AMMs) on public blockchains. Analysts from Goldman Sachs and Citizens Group believe Coinbase, Robinhood, and Circle could be early beneficiaries of this policy. The new framework mandates that tokens retain shareholder rights including dividends and voting rights, while imposing limits on the number of stocks and trading volume trading platforms can offer. Goldman Sachs notes that Coinbase’s existing tokenized stock products already meet multiple required criteria, and its institutional custody business and Coinbase Tokenize may also stand to benefit. However, Coinbase’s current trading platform operates on a Central Limit Order Book (CLOB); to run a trading venue directly under the exemption, it still needs to build AMM infrastructure or route trades to decentralized exchanges (DEXs) on Base. Robinhood currently offers stock tokens to non-US markets as derivatives, providing only price exposure without the full shareholder rights required by the framework, so it needs to further adjust its products. Robinhood has previously announced plans to add 1:1 stock redemption and voting rights features. Analysts also argue that the growth of on-chain securities trading may drive demand for tokenized cash, indirectly benefiting Circle, with USDC potentially used for settlement and collateral in on-chain markets.

According to on-chain analyst Yu Jin’s monitoring, over the past week, GMGN has sequentially transferred 23,550 BNB in fee revenue to the trading platform Pionex, valued at approximately $17.34 million.

Beating AI News Flash: Amid rising U.S. debates over AI security regulation, Nvidia CEO Jensen Huang is emerging as a key ally of the Trump administration on related issues. Trump recently called Huang, who was attending the All-In Summit in Los Angeles, stating "robots won't take over the world" and labeling growing concerns about AI and data centers as a "hoax." Major Nvidia clients including OpenAI and Anthropic have recently called for slowing the development of frontier AI models and strengthening regulation. Anthropic CEO Dario Amodei proposed slowing the pace of model capability improvements, a position backed by OpenAI CEO Sam Altman, Elon Musk, and Google DeepMind head Demis Hassabis. Huang takes a different stance, arguing that catastrophic predictions lack scientific basis, and model developers should ensure safety before product launch, with solutions relying on "traditional engineering methods." Trump's recent stance on AI security increasingly aligns with Huang's. The two have appeared together publicly at least six times during Trump's second term. U.S. Treasury Secretary Scott Bessent said this week that Trump's position on AI is fully aligned with Huang's.

Crypto analyst Darkfost posted that the known Bitcoin reserves held by addresses of over-the-counter (OTC) trading platforms have dropped to an all-time low, standing at around 123,000 BTC, down from nearly 500,000 BTC in September 2021. The continuous decline in OTC reserves could stem from multiple factors, including investors' growing preference for long-term BTC holdings, a more decentralized Bitcoin ownership structure, and miners and other market participants no longer primarily selling BTC via OTC channels. Additionally, some holders may prefer to sell directly on public markets. Regardless of the specific reasons, the sharp reduction in OTC reserves means fewer BTC are available for sale outside public markets. If buyer demand shifts more toward direct purchases on public markets, this could provide support for BTC prices.

On-chain analytics account Alpha Malik posted that Binance Wallet today launched its Pre-Access feature, powered by PancakeSwap, noting the first project will be announced soon, with no specific project or launch timeline disclosed yet. On-chain data indicates the Paimon Polymarket SPV Token (pPOLY) may list on Binance Alpha at 09:00 Beijing Time (17:00 UTC). This suggests pPOLY could be Pre-Access’s first project, and the feature may officially launch on the same day. The above details are only inferred from on-chain data and have not been officially confirmed by Binance Wallet or Binance Alpha. As previously reported, Binance Wallet announced Pre-Access, a service that lets users gain indirect exposure to potential listings of popular private companies via tokenization. The service is accessible through Binance Wallet, operates on a fully on-chain, self-custody model, and its debut project is imminent. Users can boost their Pre-Access quota using Alpha points, as well as on-chain bStocks trading volume and positions.