Binance Platform FOLKS 24-hour Futures Trading Volume Reaches $23.5 Billion, Behind Only BTC and ETH

Analysts note that Bitcoin formed a golden cross earlier this week, a technical indicator where the 50-day moving average crosses above the 200-day moving average, typically seen as a precursor to a bullish trend. However, this signal failed to materialize again: before the cross formed, Bitcoin had rallied from $62,000 to $82,000, and after the cross appeared, it instead pulled back from around $80,000 to near $77,000. Historical data shows Bitcoin tends to see most of its gains before a golden cross forms, with a pullback occurring shortly after the signal emerges, making the golden cross more of a lagging indicator. This pattern has repeated multiple times in the past: in July 2021, Bitcoin rallied from $35,000 to around $52,000 by September before forming a golden cross, then dropped to roughly $40,000; in early 2023, it rose from $16,000 to $23,000 and formed the cross in February, pulling back to about $20,000 in March; in October 2024, it climbed from $54,000 to $70,000 before the cross, then fell to around $67,000 by November; in April 2025, it bottomed near $76,000, rallied to roughly $110,000 in May, and after the cross formed, it corrected to about $100,000 in June. Analysts argue that while the golden cross is viewed as a long-term bullish signal, a significant portion of the gains may have already been realized by the time the signal emerges.

According to Lookonchain monitoring, a crypto whale has made large purchases of STONK, the token of Solana-based token launch platform StonkFun. The newly created wallet BmKrss withdrew 22,686 SOL from Binance, worth $2.25 million, and has spent 17,106 SOL ($1.7 million) to buy 5.41 million STONK so far. GMGN data shows STONK’s market cap today has broken through $280 million, hitting a new all-time high.

Japan’s largest Bitcoin treasury firm Metaplanet has announced plans to establish a wholly-owned subsidiary, Metaplanet Asset Management Asia Limited, which will serve as the group’s trading execution and asset management hub for the Asia region. The subsidiary will have an initial capital contribution of $1 million and is expected to launch in September 2026. The new unit will collaborate with Metaplanet Asset Management Inc. (MAM), the firm’s existing subsidiary set up earlier in Miami, U.S. It will primarily handle asset trading execution during Asian trading hours, as well as risk control management including position and market dynamic monitoring. Its main investment targets include Bitcoin, Bitcoin-related stocks, and preferred securities issued by Bitcoin treasury firms. As of June 30, Metaplanet holds 43,000 BTC, with a total cost of approximately $4.09 billion and an average cost price of around $95,209.

Beating AI Insight News Flash: DeepSeek backtracks. Its latest official notice confirms it will continue offering the V4 Pro API after September 14, with prices unchanged. The previously planned automatic switch to V4.1 Flash has been canceled. Two days ago, DeepSeek had announced V4.1 Flash outperforms V4 Pro across performance, pricing, speed, and total runtime, and planned to phase out V4 Pro on September 14, with all subsequent deepseek-v4-pro requests automatically routed to V4.1 Flash. This move faced widespread developer opposition: many production environments have already fine-tuned prompts and agent workflows around V4 Pro, and a direct backend model switch could trigger behavioral changes. DeepSeek now explicitly states it is retaining V4 Pro “in response to demands from the vast majority of users”, effectively reversing its original mandatory migration plan.

Beating AI News Insight: Zhipu (2513.HK) today launched an approximately $2 billion new share placement in Hong Kong, alongside a concurrent approximately $3 billion convertible bond offering. The company placed 21.97 million new shares at HK$714 apiece, a roughly 10% discount from Friday’s closing price of HK$793. The zero-coupon convertible bonds mature in September 2027, are denominated in RMB but settled in US dollars, with an offering price of 100% to 100.5% of face value, corresponding to a yield between -0.5% and zero. The initial conversion price is HK$892.50, a 25% premium over the placement price. If the stock price closes above 130% of the conversion price for 20 out of any consecutive 30 trading days, the company may redeem the entire bond issue starting February 18, 2027. The share placement and bond offering are conducted simultaneously and are independent of each other. China International Capital Corporation (CICC) serves as the exclusive global coordinator, and co-bookrunner with Guotai Junan Securities (Hong Kong). The raised funds will be allocated to research and development, computing power resources and related infrastructure, as well as supporting expansion, strategic investments, potential acquisitions, working capital, and other general corporate purposes.

According to GMGN market data, the market capitalization of EMBER, the token of Solana-based platform Ember Curve, has crossed $40 million. The token has rallied 170% in nearly 40 minutes, 730% in 24 hours, with a 24-hour trading volume of $29.6 million. Ember Curve is a new token launch platform on Solana built on Meteora. Prominent trader Bonk Guy stated that he purchased EMBER, his first Solana ecosystem token in a long while, noting it is one of the token launch platforms with the strongest fundamentals currently, backed by Meteora with robust resources and endorsements. Bonk Guy forecasts EMBER’s market cap will exceed $100 million. On-chain data shows Bonk Guy’s public address holds EMBER worth $1.16 million, posting an unrealized profit of 180%. BlockBeats reminds users that token prices are highly volatile, so investment should be approached with caution.