Crypto-stock meme innovation reaches new heights: Robinhood Chain-based issuance platform Long.xyz launches a 3x leveraged token pairing feature for NVIDIA.

According to GMGN market data, the meme coin BONER on the Robinhood Chain surged to a $70 million market cap in just 3 days post-launch, and has now fallen back to $53.56 million. Data shows the top holder of the token is crypto KOL Eric (@econoar) from the FOMO platform. He started building his position when BONER’s market cap was $170,000, with a total cumulative investment of $26,800 and an average entry price corresponding to a market cap of $826,000. Notably, Eric was still purchasing small amounts of BONER this morning, and his unrealized profit from the position amounts to $1.728 million. Some analysts note that the token’s rapid market cap growth may be attributed to the limited circulation of its paired stock token HIMS on the Robinhood Chain (only around 15,000 units as of last Friday). The logic chain is as follows: As BONER is continuously pushed higher by buying pressure, the paired liquidity pool absorbs a large amount of on-chain HIMS inventory, causing HIMS’ price to surge beyond its actual stock price (reaching a maximum 2x premium), which in turn further drives BONER’s price up. BlockBeats Note: Stock Meme is an emerging concept that combines traditional meme coins with tokenized US stocks. Unlike meme coins that are typically paired with USDT or ETH, Stock Meme coins are directly paired with on-chain US stock tokens (such as NVDA, TSLA, AAPL, etc.). They retain the high volatility and community-driven speculative traits of meme coins, while leveraging the popularity and narrative of real stocks. Part of the transaction fees are often returned to the community treasury to accumulate corresponding US stock tokens, forming a dual-driven model of "sentiment speculation + real asset anchoring".

According to monitoring data from TradingBeats (formerly Hyperinsight), as of press time, CXMT has dropped from around $8.813 to $8.369, a 5.03% decline in the past four hours. Affected by this, the unrealized loss of CXMT’s largest short position has narrowed from approximately $6.69 million to $5.4036 million, a reduction of about $1.29 million. This short position currently holds 2.9006 million CXMT contracts, with an average entry price of $6.505, and the position’s value stands at roughly $24.2723 million. Although the unrealized loss has narrowed significantly, the trader has cumulatively paid around $4.5895 million in funding fees since opening the position; combining the unrealized loss and funding fee costs, the total amounts to approximately $9.9931 million. Previously, CXMT’s funding rate had been persistently negative, with an accumulated hourly rate of about -12.31% over the past 30 days, meaning shorts continuously paid funding fees to longs. However, since 5:00 today, the latest settled rate has been positive for seven consecutive hours, with the 11:00 settlement value at +0.000625%. In the past four hours, CXMT’s contract open interest (OI) has increased from 6.9256 million contracts to 6.9467 million contracts (+0.30%); in dollar terms, OI has decreased from $61.0335 million to $58.1164 million (-4.78%), mainly due to the price drop.

Beating AI News: Meta’s terminal programming agent Muse Code has officially exited beta. Following nearly a month of public testing, the stable release brings key upgrades to multi-agent collaboration. Complex engineering tasks can now be split across multiple specialized agents, completed in parallel or in stages. Agents in separate Muse Code sessions can now send messages directly to one another. If agents in two terminals are handling interdependent tasks, they can directly share context and status, removing the need for developers to manually copy data. The workflow console centrally displays each agent, and lets developers intervene, stop, or save tasks at any time. Meta is also launching a developer preview of the Muse Code SDK. Developers can embed agents into their own apps, connect custom tools, return progress in real time, and resume sessions later. Muse Code has also rolled out monthly subscriptions, starting at $5.

According to TradingBeats monitoring, a major BTC short seller placed 100 "position-reduction only" buy orders at $76,700–$76,800 at 6:30 AM today, planning to cover 369 BTC with a notional value of around $28.325 million, covering all its existing short positions. As of press time, this address holds a 5x leveraged short position of 369.058 BTC, with a position value of roughly $28.949 million and an average entry price of $73,863.9. BTC is currently trading at $78,444, meaning its short position has an unrealized loss of approximately $1.688 million, with a return of around -31%. The weighted average price of these position-reduction orders is about $76,750; BTC would need to drop roughly 2.2% from its current level to enter the order execution range. If all orders are filled, the address would still incur a loss of around $1.065 million, narrowing its unrealized loss by approximately $623,000. TradingBeats, an on-chain perpetual contract (perp) and address analysis tool, is now live, supporting real-time viewing of Hyperliquid data, tracing whale operations from addresses, and delivering comprehensive in-depth analysis.

Wall Street investment bank Cantor Fitzgerald raised Coinbase’s price target from $184 to $212, while maintaining an “Overweight” rating, citing that after Bitcoin recently reclaimed the $80,000 level, valuations in the crypto ecosystem have rebounded. As the leading U.S. regulated crypto exchange, Coinbase remains one of the core stocks for institutional investors to gain exposure to crypto beta. Recently, crypto market sentiment has warmed up. After Bitcoin rebounded from its earlier lows, trading volumes, ETF fund flows, and valuations of related stocks have all improved. Coinbase’s share price has also followed the recovery of crypto assets, and the market has started to reprice higher expectations for its transaction revenue, custody revenue, and subscription services revenue. Cantor Fitzgerald incorporated Coinbase’s management’s latest third-quarter guidance into its model: subscription and services revenue is projected to be roughly $500 million to $580 million, transaction fees account for a low teens percentage of net revenue, and adjusted expenses are expected to be around $980 million to $1.08 billion. The bank believes that if Bitcoin remains strong, trading activity and risk appetite in the crypto ecosystem will continue to support Coinbase’s valuation.

Robinhood’s official X account released a teaser video this morning, with the caption “Something new is brewing.” The crypto community interprets the post as a sign that Robinhood is set to launch a new blockchain-related product. Crypto KOL Him noted that the new offering could be a social trading platform, while other community members believe the new feature is a gamified stock token product.