Elon Musk shares a video of a laser-eyed raccoon, driving meme coin Jimothy to soar, with its market capitalization once topping $18 million.
Per GMGN monitoring, Elon Musk today shared an AI-generated video of a giant laser-eyed raccoon, without naming any token. Crypto KOL Ansem then replied "is that jimothy?", sparking attention to Jimothy and its subsequent rally.
Solana-based meme coin Jimothy has surged again, with its market capitalization briefly topping $18 million today, now trading at $15.4 million, up 257.3% in 24 hours, and boasting a trading volume of $15.9 million.
Jimothy is modeled after a raccoon from Seattle, U.S., whose unusual physique stems from a rare congenital condition. Local residents posted a video of the animal on July 14, which went viral, racking up nearly 8 million views and spawning community creations including memes, murals, and merchandise.
BlockBeats cautions users that meme coins are highly volatile, driven primarily by market sentiment, community hype, and narratives, with no stable fundamental support, so investors must be mindful of risks.
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Michael Saylor: BIP-110 Fails to Secure Widespread Miner Support, Will Stagnate or Become Irrelevant
MicroStrategy founder Michael Saylor published a post noting that only 2.6% of miners have signaled support for BIP-110, meaning the proposal has failed to secure widespread backing. At block height 961,632, nodes will reject blocks that do not signal support for the proposal. As a result, BIP-110 is expected to stall or potentially fork into an irrelevant entity, while Bitcoin will continue operating normally, functioning as designed. BIP-110 is a temporary soft fork proposal that would add seven consensus limits over its approximately one-year validity period, including restrictions on the length of new script public keys, the size of certain push data and witness items, and disabling some Taproot extension paths. The proposal aims to drastically reduce arbitrary non-payment data embedded in transactions—such as inscriptions and runes—thereby lowering node burdens, curbing spam data, and refocusing Bitcoin on its core monetary purpose.
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Meme coin STONKBROKER hits a new all-time high, with its market cap surpassing $80 million and surging over 43% in the past 24 hours.
According to GMGN market data, the Robinhood chain meme coin STONKBROKER once hit a new all-time high with a market cap exceeding $80 million, and has since pulled back to $75 million. It has recorded a 24-hour gain of over 43% and a 24-hour trading volume of $5.7 million.
STONKBROKER, a Robinhood ecosystem project, has recently rolled out several major updates, including a launchpad for incubating ecosystem projects and Broker Box — an FWA-like feature that enables stock tokenization and card-drawing mechanics. These updates have drawn attention from KOLs including Ansem and the community, driving the coin’s market cap to consecutive new highs.
Separately, OpenSea data shows that the floor price of NFT project StonkBrokers has risen to 9.75 ETH, with a 24-hour increase of over 28.8% and cumulative trading volume reaching 1,763 ETH. The project has a fixed supply of 4,444 pixel-style "stock broker" PFP NFTs (ERC-721 standard). Each NFT is bound to an ERC-6551 token-bound wallet, which is preloaded with tokenized stocks (such as TSLA, AMZN, NVDA, AAPL, etc.) at minting and can continue to receive rewards.
BlockBeats reminds users that relevant projects carry significant uncertainty and high price volatility, so investors should exercise caution.
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Analysis: Bitcoin failed to break through the $65,400 level after testing it twice, with a large backlog of buy and sell orders awaiting a directional move.
Crypto analyst Lennaert Snyder said Bitcoin has failed to break through the $65,400 level on two separate tests, while the $62,300 level below has solid support, with the price consolidating between these two levels heading into the weekend. This week’s price action has been relatively slow, making short selling unadvisable for now; he plans to wait for an upward breakout above the current high and a subsequent rally before considering opening short positions. The longer-term target remains at $68,100, and once hit, it is expected to also break through the previous month’s high. Snyder added that he will wait for the above-mentioned price action to materialize before positioning for a larger pullback or swing trade. He has already closed part of his short positions to lock in profits and reduce risk exposure. Currently, the market has accumulated a large number of buy and sell orders between the two key levels, and is in a tense phase of choosing a direction, so he opts to wait for a breakout confirmation before taking action.
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CFTC warns: Event contracts displaying "American odds" may be misleading, and must clearly disclose derivative pricing information.
The U.S. Commodity Futures Trading Commission (CFTC)’s Division of Market Oversight and Division of Market Participants jointly released a letter reminding all regulated entities involved in event contract listing, solicitation or acceptance to clearly disclose derivative pricing information and refrain from misleading consumers. Regulators specifically warned that presenting pricing information in the "American odds" format may mislead market participants about the nature of trades, and could prevent users from accessing key metrics such as market depth and pricing impact. Earlier, Kalshi faces New York state charges over event contracts, while Polymarket has also come under regulatory scrutiny for its settlement mechanisms and false advertising. The CFTC’s latest warning further clarifies the compliance boundaries for prediction markets. The CFTC stressed that information displayed by market participants—including pricing details—must indicate to consumers that the product is an event contract traded on a CFTC-regulated exchange, not a product with higher profit margins and non-market pricing. Regulated entities must uphold regulatory standards by overseeing intermediary market participants, affiliates and partners; displaying misleading pricing information may violate federal laws prohibiting manipulative practices.
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AI stock guru Leopold returns to the investment arena, splashing $500 million to back stealth chip startup Source Foundry.
According to Bloomberg, citing people familiar with the matter, 25-year-old Wall Street’s rising AI stock prodigy and former OpenAI researcher Leopold Aschenbrenner has returned to the investment stage just days after his hedge fund neared collapse, splashing $400 million to back a private company backed by Sequoia Capital. The private firm, newly disclosed today, is chipmaking startup Source Foundry. The fund had previously invested $100 million in Source Foundry; with this additional $400 million, its total investment in the startup reaches $500 million. The Tuesday-completed investment is the first signal of how Aschenbrenner is resolving the crisis after his Situational Awareness fund nearly collapsed last week due to mass margin calls from multiple Wall Street lenders. Source Foundry is a stealth chipmaking startup founded in San Francisco in 2025, co-founded by Stanford materials scientist Abdulmalik Obaid (CEO) and Joe Burg. It focuses on developing simpler, lower-cost, faster semiconductor lithography and manufacturing processes and tools, aiming to challenge ASML’s extreme ultraviolet (EUV) lithography machines, bridge the massive gap between the exponential growth of AI computing power demand and the linear expansion of traditional chip production capacity, and reshape the production of advanced AI chips.
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