BNC4 tokenized stock is once again trading at over 150% premium to its underlying BNC stock, with its token price rebounding to $10.6.

According to HTX market data, FORM has surged over 55% in the past five hours, hitting a high of $0.39 and now trading at $0.35, with its market capitalization rising to $142 million. Today, Four.meme’s "stock meme" narrative 4Stock has ignited the market, featuring a mechanism that first launches 4Stock underlying assets linked to equities, then allows the community to issue meme coins using these assets as a liquidity pool.

According to GMGN market data, the crypto-equity token BNC4 has amassed $138 million in cumulative trading volume within 6 hours of its launch. As of press time, BNC4 trades at $9, a 51% premium over its underlying stock’s pre-market price of $5.95. Notably, the underlying stock BNC saw a trading volume of just $2 million in its last trading session—equaling only 1.48% of BNC4’s cumulative volume in its first 6 hours. Calculated using the previous trading session’s closing price of $3.49, the total market capitalization of US-listed BNC stands at a mere $143 million.

According to GMGN data, BNC4, a tokenized stock on the BSC chain, has dipped sharply, with its market cap falling below $4 million, and the token is currently trading at $6.9. According to BIT (bit.com) market data, US-listed BNC is now trading at $5.6 in pre-market hours, narrowing the premium of the tokenized stock over its underlying traditional stock. Note: 4Stock originates from the "stock meme" narrative launched by Four.meme. It first introduces underlying 4Stock assets linked to stock assets, then allows the community to issue meme coins using these assets as pools. BNC4 is the first 4Stock tokenized stock, pegged 1:1 to BNC stock, the company behind the BNB treasury; the meme coin "4Stock" corresponds to the BNC4 pool. BlockBeats reminds users that most meme coins have no practical use cases, with highly volatile prices, so investors should exercise caution.

Beating AI News Flash: First tests of DeepSeek V4.1 Flash show the model’s output speed reaches 420 tokens per second, generating over 71,000 consecutive tokens in less than 3 minutes. For reference, Artificial Analysis currently measures V4 Flash 0731’s output speed on the DeepSeek API at around 128 tokens per second.

PopDEX, a perpetual decentralized exchange (Perp DEX) geared toward real traders, has recorded over $1.7 billion in trading volume and approximately $61 million in liquidity provider (LP) pool size during its closed beta phase. Meanwhile, the platform has completed three rounds of actual cash rewards, covering traders, feedback contributors, and community builders; the latest round saw a maximum single-address user reward of 3,300 USDT. Amid growing hype around memecoins on Robinhood Chain and BNB Chain, PopDEX has listed popular meme perps including PONS, CASHCAT, and MARSCOIN, and launched the "Meme Gang War" trading contest, offering traders access to an additional reward pool on top of regular incentives.

US Treasury Secretary Scott Bessent’s resolve to support the bond market is set to face a test. At 11 a.m. ET (23:00 Beijing time) on Wednesday, the U.S. Treasury Department will announce the maximum amount of 10- to 20-year U.S. Treasuries it plans to repurchase. On September 10, the Treasury will also disclose the exact actual purchase volume under its repo program launched in May 2024. The Treasury previously stated that, through November 4, each repurchase of long-term U.S. Treasuries from the market will total at least $4 billion, up from the prior $2 billion per operation. However, the Treasury retains the authority to expand the repurchase scale at its discretion. Markets widely expect Bessent’s actual intervention will ultimately exceed the previously announced repurchase targets.