U.S. Senator: If Powell Is Fired by Trump, It Will Trigger a Market Collapse

According to Yu Jing Monitoring, crypto investment firm The Spartan Group has transferred three tokens worth approximately $3.92 million to Coinbase Prime, including 2,045,000 PENDLE (valued at $2.74 million), 5,377,000 SYRUP ($860,000), and 813,000 ETHFI ($320,000). All the tokens are from the vested unlocked allocations of its invested projects.

According to GMGN market data, the on-chain meme token TENDIES on Robinhood has surpassed a $20 million market cap, with a 64% 24-hour increase and $2 million in 24-hour trading volume. TENDIES is derived from the internet meme "tendies" (chicken nuggets), popular among U.S. retail investors and the Reddit community, symbolizing the grassroots sense of victory when ordinary retail investors celebrate by eating chicken nuggets after making profits. BlockBeats Note: Meme coin trading is highly volatile, driven largely by market sentiment and concept hype, with no actual value or practical use cases. Investors should exercise caution regarding associated risks.

Decentralized exchange BBX has launched Unitree’s pre-IPO perpetual contract, offering up to 20x leverage under the trading pair UNITREEUSDT. Unitree, a leading Chinese civilian robotics firm, is set to hold its initial public offering (IPO) on the Shanghai Stock Exchange’s STAR Market.

Prediction market platform Predict.fun data shows that as of press time, the market’s highest expectation for CASHCAT to reach a fully diluted valuation (FDV) of $250 million by September 2026 has an approximate probability of 11%; the probability of hitting $300 million FDV is around 9%, and the chance of reaching $500 million FDV is about 4%. The cumulative trading volume of this prediction market has now exceeded $4.43 million.

According to GMGN market data, the Robinhood Chain meme coin CASHCAT has rebounded to a market capitalization exceeding $75 million, surging more than 71% in the past 24 hours, with a 24-hour trading volume of $17.6 million. BlockBeats reminds users that meme coins are highly volatile, and investors should exercise caution regarding risks.

Coinbase announced that its Institutional International Exchange accounts, balances, and positions will officially migrate to the Deribit platform on September 9, with the entire switchover process expected to complete in under 30 minutes. The migration will force the settlement and re-establishment of existing positions, require early closure of existing margin loans, retain historical data, and mandate users to regenerate API keys. If institutional clients do not wish to participate in the migration, they must close their positions and International Exchange accounts by August 28 to exit; accounts that fail to exit by the deadline will automatically undergo migration. This move marks Coinbase integrating part of its institutional derivatives trading infrastructure into Deribit, a long-time leader in the cryptocurrency options market. Coinbase has previously collaborated with Deribit on clearing and liquidity.