MicroDuck's market cap surpasses $26 million, hitting a new all-time high.
According to GMGN market data, the meme coin microduck, modeled after an open-source robot from Hugging Face, briefly hit a new all-time high market cap of over $26 million, with a 24-hour trading volume of $12.6 million and an 18.7% 24-hour price gain. The meme coin draws inspiration from Hugging Face’s real open-source small robot “Microduck” — a 25cm duck-shaped RL robot priced at around $399 — released on August 27, 2026, and also ties to related NVIDIA acquisition rumors. It has no official affiliation with Hugging Face, Pollen Robotics, or NVIDIA, and is an independent meme token launched by the community capitalizing on the trend. BlockBeats reminds users: Most meme coins lack practical use cases and are highly volatile; please protect your assets and refrain from FOMO.
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China's four leading domestic GPU startups are set to enter the capital market, with Suiyuan Technology opening subscription on September 2.
According to the A-share market's issuance schedule, three new shares are available for subscription next week: Baimaike on the Beijing Stock Exchange (BSE) on August 31; Suiyuan Technology on the Shanghai Stock Exchange's STAR Market on September 2; and Xinuowei on the STAR Market on September 3.
Among these, Suiyuan Technology, together with Moore Threads, Mythicera and Biren Technology, are collectively known as the "Four Little Dragons of China's Domestic GPUs". Currently, only Suiyuan Technology remains unlisted. Once Suiyuan Technology goes public, the four will all be listed on the capital market.
Earlier, the three companies saw their first-day closing gains hit 425.46%, 692.95% and 75.82% respectively.
The prospectus filed by Suiyuan Technology shows that it plans to issue 43,035,173 shares, accounting for 10% of its total share capital post-issuance, bringing the total share capital to around 430 million shares.
The IPO is expected to raise 6 billion yuan, with proceeds mainly allocated to the R&D and industrialization of fifth- and sixth-generation AI chip series, as well as advanced AI software-hardware collaborative innovation projects, to further advance the independent iteration of China's domestic computing power infrastructure.
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CZ on screening team members: He favors subordinates who proactively track progress, and generally does not retain those who require his active follow-up.
Binance CEO CZ (Changpeng Zhao) appeared on the "Meanders" podcast, where he discussed stress resistance, adaptability, and lifelong motivation in his crypto industry work. When sharing how he selects work partners, CZ noted he receives over 500 messages daily and handles a multitude of miscellaneous tasks as CEO, leaving him unable to closely track individual project progress.
He explained: "When a teammate comes to me and I assign them a task, I won’t proactively follow up for days or even weeks. That’s why I need highly proactive people—they should be the ones pushing me forward. If we need to schedule back-to-back meetings tomorrow or the next day, they should set the timeline, not me. If I have to ask someone about the status of their project, I usually won’t keep them on the team, and that’s often a sign the project is already facing issues. I want my teammates to update me on progress on their own, whether daily or weekly, so I don’t have to chase them for updates. All the people around me are very proactive. Another key point for me: you can keep three to five important tasks that I need to handle in mind, and the rest should be theirs to complete, with them proactively reporting back to me."
4 minutes ago
Meme coin TENDIES on Robinhood Chain has surpassed $27 million in market capitalization, posting a 41.2% 24-hour gain.
According to GMGN market data, the meme token TENDIES on the Robinhood blockchain has exceeded $27 million in market capitalization, with a 24-hour increase of 41.2% to hit a recent high, and has now pulled back to $22 million, with a 24-hour trading volume of $2.8 million. TENDIES originates from the internet meme "tendies" (chicken nuggets), which comes from U.S. retail investors and the Reddit community, embodying the grassroots sense of victory of ordinary retail investors celebrating by eating chicken nuggets after making profits. BlockBeats Note: Meme coin trading is highly volatile, largely dependent on market sentiment and concept hype, has no actual value or use cases, and investors should be mindful of the risks.
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Tether’s CEO refutes the claim that “stablecoins cannot support large-scale payments”: Stablecoins are 100% reserve-backed, while banks operate on fractional reserves that are merely based on hollow promises.
Tether CEO Paolo Ardoino has responded in a post to remarks from Bank for International Settlements (BIS) General Manager, who claimed stablecoins are inadequate for large-scale payments and instead backed tokenized bank deposits. Ardoino drew a structural comparison between the two: stablecoins are backed by 100% liquid assets such as government bonds, while tokenized bank deposits are essentially unenforceable pledges—typically not fully insured, with liquid asset reserves often standing at just around 10% (a fractional reserve). The BIS’s real concern is not whether stablecoins can facilitate payments, but that they expose the "emperor’s new clothes" of the traditional banking system. Ardoino then raised two questions: if stablecoins are fully reserved, why should savings be placed in fractional reserve products? What would become of the financial system if people realize stablecoins are safer and move their savings there? Ardoino directly took aim at the fractional reserve model of the traditional banking system.
4 minutes ago
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