On-chain meme coin markets show divergence: Most leading tokens on Robinhood and BSC have pulled back, while popular Solana-based tokens are performing strongly, with cat-themed meme coins leading gains.

According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, today, the so-called "meme coin" LSK’s project-linked address deposited 3.29 million tokens to Binance five hours ago, valued at $3.79 million. The deposit came after LSK’s first sharp drop from $2 to $1, and shortly afterward, the token saw a second plunge, falling from $1.22 to $0.7 before rebounding to $1.17. Per Coinglass data, LSK’s liquidation volume over the past 24 hours hit $44.66 million, second only to ETH.

Iranian Foreign Minister Hossein Amir-Abdollahian stated in an interview on the 13th that a meeting scheduled for the 14th in Oman will center on a new maritime corridor in the Strait of Hormuz. Iran will present to participating countries the details of the relevant agreement reached with Oman and the roadmap for the new corridor. Amir-Abdollahian emphasized that the Iran-Oman deal does not signify the reopening of the Strait of Hormuz. He noted that the prerequisite for Iran to reopen the strait is that the United States fulfills its commitments under the "Islamabad Memorandum of Understanding". (Source: CCTV News)

According to Bloomberg, the UK Labour government is advancing legislation to restrict large political donations from wealthy overseas-based individuals. Deputy Prime Minister and Housing Secretary Angela Rayner said the new bill proposes an annual donation cap of ￡100,000 for British citizens living abroad, applicable to those who have recently returned to the UK, and would also retroactively cover past donations, requiring non-compliant funds to be repaid within 60 days. On Saturday, two crypto billionaires each donated $48.7 million to the UK’s Reform UK, jointly setting a new record for individual political donations in Britain. Crypto investor Christopher Harborne gave ￡36 million (about $48.7 million) to Nigel Farage’s Reform UK on Saturday, matching the amount of a donation made the day before by BitMEX co-founder Ben Delo. The two crypto billionaires combined to contribute a total of ￡72 million (roughly $97.4 million) within 24 hours, making the two donations the largest individual political contributions in UK party history. Harborne is an investor in stablecoin issuer Tether and crypto exchange Bitfinex.

According to two sources familiar with the matter, U.S. President Donald Trump met with advisors on Friday (local time) to discuss a government ethics provision under consideration for inclusion in the Cryptocurrency Market Structure Act, also known as the CLARITY Act. The meeting came ahead of a procedural vote in the Senate next Tuesday, which will determine the fate of the CLARITY Act. Senate Democrats have demanded the legislation include ethics language applicable to government officials, aimed at limiting Trump’s ability to profit from his family’s crypto businesses. It remains unclear what the outcome of the meeting was, or which advisors attended. The White House did not immediately respond to a request for comment on Saturday evening. Trump’s senior crypto policy advisor Patrick Witt posted a positive signal on X on Saturday, saying: “For the pessimists on the CLARITY Act, today is a bad day.” This comment suggests the bill’s advancement may be making progress. The ethics provision has been one of the key hurdles facing the CLARITY Act in the Senate, as the two parties have long held sharp disagreements over whether enforcement authority should be led by the Department of Justice or state attorneys general. The procedural vote next Tuesday will test whether the two parties can reach a compromise on this core dispute before the Senate adjourns.

South Korea’s government bill on the Digital Asset Basic Act is entering its final submission window this month. The Financial Services Commission (FSC) had originally planned to submit the parliamentary legislation under the name of National Assembly Legislation and Judiciary Committee Chairman Yoo Dong-soo within this month, but the schedule has been delayed. The ruling party plans to hold a hearing as scheduled in late this month, but if the government bill is not submitted, the hearing may devolve into a repeat of previous discussions. If this month’s window is missed, due to the overlapping impact of October’s state audit and budget deliberations, final passage could be delayed until the first half of next year. The Democratic Party of Korea has also proposed an amendment to the Capital Markets Act, which would allow non-monetary assets such as real estate, artworks, and intellectual property to be issued as trust beneficiary securities. The amendment is scheduled for discussion at the National Assembly Legislation and Judiciary Committee’s Bill Subcommittee on September 15. Separately, the party has called for a review of the January 2025 virtual asset taxation deadline, noting that information related to on-chain wallets, airdrops, and hard forks is difficult to automatically reconcile with tax authorities. It also proposes raising the basic deduction threshold and introducing loss carry-forward deductions.

According to GMGN market data, the Robinhood ecosystem meme coin WALLET briefly surged past $76 million in market capitalization to hit an all-time high, before pulling back to $63 million. It has recorded a 33% 24-hour gain, with trading volume hitting $1.9 million over the same period. The token was issued via Noxa on July 10, and its deployer wallet is linked to funds from Robinhood CEO Vlad Tenev’s demo wallet as well as interactions with product manager Seong Lee. BlockBeats reminds users: Most meme coins lack real use cases and are subject to extreme volatility. Please protect your assets and avoid FOMO.