Speculative trends on Robinhood Chain have shifted: meme coins are ebbing, and utility tokens are gaining momentum.

According to HTX market data, Bitcoin has broken through the $79,000 mark, with its 24-hour decline narrowing to 2.1%.

According to monitoring by OnchainLens, a newly created address purchased 289,800 HYPE tokens from the FalconX platform, valued at approximately $2.38 million.

Bitget’s 2026 King’s Cup Global Invitational (KCGI) has opened registration, with early-bird benefits and team sign-up channels now available. This year’s KCGI has been fully upgraded, with “UEX Panorama Competition” as its core highlight. For the first time, it integrates three trading tracks: crypto derivatives, TradFi derivatives, and stock spot (rToken), creating a unified competition venue, prize pool, and ranking system to offer multi-asset competition scenarios for users with different trading preferences, boasting a total prize pool of 3 million USDT. To enhance the competition experience, KCGI has launched five gameplay features: UEX Arena, UEX Treasure Map, Captain Rewards, Early Bird Perks, and Glory Live Draw. The core UEX Arena offers a maximum reward of 2 million USDT, covering five rankings: team revenue, each track’s trading volume, and individual revenue. The UEX Treasure Map, via a mechanism of task keys and track fragments, provides a 100% win-rate chest reward of up to 600,000 USDT. Additionally, team captains receive a special incentive of 100,000 USDT, and the first 10,000 users who join a team and complete required tasks before August 30 can compete for a 200,000 USDT early-bird prize pool. The final crowning ceremony will be announced during the post-event live stream. Users who meet the specified trading threshold during the competition will be eligible to join the live draw, winning multiple rewards including 2026 KCGI limited-edition merchandise, gold-plated footballs, and cash vouchers. Registration for the event closes on September 22; for more details, please visit Bitget’s official platform.

According to market data from BIT (Bit.com), Grayscale’s Zcash (ZEC) spot ETF (ticker: ZCSH) recorded a trading volume of $14.8 million on its first day of trading on U.S. stock exchanges, rising by over 3.5% intraday before closing down 1.54%. Grayscale’s Zcash spot ETF is the world’s first exchange-traded product (ETP) offering exposure to Zcash spot assets. The product was formerly the Grayscale Zcash Trust, established via private placement as early as October 2017. Steve Vanourny, head of Grayscale’s index business, stated that Zcash boasts nearly a decade of network history, a fixed maximum supply of 21 million coins, and a proof-of-work (PoW) mechanism, while also featuring optional privacy functions not available on Bitcoin. The firm positions ZCSH as a high-risk satellite position in digital asset portfolios.

According to GMGN monitoring, the Chinese-language Meme coin "Lobster" on BSC hit a record high market cap of over $48 million this morning, and has since pulled back to $39 million. It recorded a 49.1% 24-hour gain, with trading volume of $5.5 million over the same period. BlockBeats Note: Meme coin trading is extremely volatile, largely driven by market sentiment and concept hype, with no actual value or use cases. Investors should exercise caution regarding associated risks.

According to GMGN monitoring, Robinhood Chain ecosystem token PONS has crossed $115 million in market capitalization, hitting an all-time high, with a 30.2% gain in the past 24 hours and approximately $19.2 million in trading volume over the same period. PONS is the native platform token of Pons, a token launch platform built on Robinhood Chain. The platform supports the creation and issuance of fixed-supply tokens, allocates collected WETH fees to repurchase PONS, and directly burns the PONS fees it collects. Some community members have dubbed it the "Pump.fun of Robinhood Chain". BlockBeats reminds users that token prices are highly volatile, so investment caution is required.