PONS Market Cap Surges Past $550 Million to New All-Time High, Up 83% in 24 Hours

Digital bank SoFi has reached an agreement with crypto trading platform Kraken to integrate each other’s financial infrastructure. Kraken’s parent company Payward will join the SoFi Exchange Network (SEN), enabling Kraken’s institutional clients to transfer U.S. dollars and manage liquidity around the clock without being limited by traditional banking hours. Meanwhile, Kraken will list SoFiUSD, the stablecoin issued by SoFi Bank. In exchange, SoFi will use Kraken Prime as an additional liquidity source for its clients’ crypto trading.

According to GMGN data, HOOKR, the token of Robinhood ecosystem token launch platform Hookr.fun, rose more than 47% today, with a trading volume of $4.4 million and a market capitalization of $16 million. BlockBeats reminds users that most meme coins lack practical use cases, are highly volatile, and investors should exercise caution.

Nvidia plans to acquire AI startup Hugging Face for $12.93 billion. Last week, Hugging Face’s open-source robotics subsidiary Pollen Robotics unveiled Microduck, a $399 bipedal robot. Standing just 25 cm tall and weighing roughly 800 grams, it packs 15 motors, a camera, LiDAR, and two IMUs. Out of the box, it can walk, sit, grasp objects, and kick balls; it can also get up on its own after falling, and roll around when fitted with wheels. Microduck’s movements can be retrained independently. Users first train its behaviors via reinforcement learning in the MuJoCo physics simulator, then deploy the trained policy to the physical robot. The SDK, simulator, and full reinforcement learning training stack are all open-source, with the entire software suite released under the Apache 2.0 license.

According to GMGN market data, the meme coin microduck, modeled after an open-source robot from Hugging Face, surged over 35% in a short period, with its market cap exceeding $46 million. On the news front, NVIDIA just announced plans to acquire AI startup Hugging Face for $12.93 billion. This meme coin draws inspiration from Hugging Face’s real open-source small robot "Microduck" released on August 27, 2026 — a 25cm duck-shaped reinforcement learning (RL) robot priced at around $399. It has no affiliation with Hugging Face, Pollen Robotics, or NVIDIA officials; it 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 avoid FOMO.

According to BusinessWire, bank-led digital currency network Cari has announced the completion of the first phase of its initial external financing round, raising $32.5 million, with all investors being banking institutions. The investors include six of Cari’s design partner banks—First Horizon Bank, Huntington Bank, KeyBank, M&T Bank, Old National Bank, and SouthState Bank—as well as other institutions such as Glacier Bank. Keefe, Bruyette & Woods, a Stifel subsidiary, served as the financial advisor for the transaction.

According to GMGN data, Solana ecosystem meme coin USELESS surged over 50% in 24 hours, with its market cap breaking $150 million and 24-hour trading volume hitting $17.6 million. On September 1, "Bonk Guy" stated that his bullishness on USELESS is even higher than when he traded BONK in 2023, noting that USELESS previously rose from a market cap of around $4 million to $450 million during a non-bull market, and could see even larger gains if it experiences a genuine bull market for the first time. After "Bonk Guy" hyped the coin on September 1, USELESS rallied over 50% that day, pushing its market cap past $100 million. BlockBeats reminds users that meme coins generally have no real use cases, are highly volatile, and require caution when investing.