Tom Lee: Crypto will be the asset with the strongest FOMO effect before the end of the year; if the Federal Reserve does not raise interest rates in September, US stocks may rally strongly.
Bitmine Chairman Tom Lee told CNBC in an interview yesterday that if the Federal Reserve holds interest rates steady in September, the stock market could see a "very strong" rally, making the Sept. 15 Fed meeting a potential turning point. Lee noted that against the backdrop of inflationary pressures and energy supply issues in 2026, the market has already priced in some rate hike expectations, and September's seasonal weakness paired with prevailing concerns might instead trigger an upside surprise. He also expressed bullishness on cryptocurrencies, stating that Bitcoin's recent rally is a "phase one" advance, institutional allocations to crypto will strengthen in the fourth quarter, and "the asset with the strongest FOMO effect between September and year-end will be cryptocurrency, especially ETH."
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Trade.xyz accurately priced SHEIN once again: Yesterday, SHEIN suffered a 15% flash crash, leading to its pre-pricing being below the issue price, and the final pre-market price was roughly equivalent to the post-opening level.
SHEIN officially listed on the Hong Kong Stock Exchange today, with the stock abbreviation SHEIN-W and code 00625. The company’s IPO was priced at HK$48.56 per share, raising approximately HK$13.6 billion, for a listed valuation of around US$26 billion. On its first trading day, SHEIN opened flat at the IPO price before declining rapidly, hitting an intraday low of roughly HK$43.72, a drop of about 10%. Notably, the SHEIN Pre-IPO market on Trade.xyz, part of the Hyperliquid ecosystem, has once again demonstrated strong price discovery capabilities. The SHEIN trading pair on Trade.xyz plunged 15% yesterday, pricing in SHEIN’s potential IPO underperformance in advance. As of press time, the xyz:SHEIN contract trades at approximately US$5.69, equivalent to around HK$44.6 under the Hong Kong dollar’s peg to the US dollar, which is largely in line with SHEIN’s intraday price range of around HK$44 on its Hong Kong debut.
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In May, a WBTC whale that opened a position liquidated all their holdings, netting just $127,000 in profit.
According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale that entered a WBTC position during this year’s May rally has exited, after once posting an unrealized loss of $1.423 million. The whale bought 78 WBTC (worth roughly $5.99 million) on-chain on May 19 at an average price of $76,824. Shortly after opening the position, the token’s price trended downward, leading to a peak asset shrinkage of 24%. The whale held on until turning a profit, liquidating its entire position 9 hours ago at $78,463, netting a total gain of $127,000.
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Tim Cook's Farewell Letter: Few people know how to build world-changing products as well as Ternus.
Beating AI Express (Dongcha) — Tim Cook penned a farewell letter to all Apple employees on his final day as the company’s CEO. He clarified he will not leave Apple, only stepping down from the CEO post, and reaffirmed his strong support for successor John Ternus. Cook said few people truly grasp what it takes to build products that change the world, as Ternus does. He added he feels extremely confident entrusting the company to Ternus. Ternus will officially take over as Apple’s CEO on September 1, with Cook transitioning to Executive Chairman of the Board. Throughout the letter, Cook barely mentioned financial results. He attributed his success to Apple’s employees, noting that the things he is most proud of at the company “will never be reflected in annual reports.” Cook argued that what makes Apple truly special is its culture, where teams bring out the best in one another, enabling the company to continue fulfilling Steve Jobs’ vision of “making a dent in the universe.”
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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 an official announcement, Robinhood’s chain issuance platform Long.xyz has launched LongX Expansion. The new feature packages NVDA 3x leverage positions from Lighter into ERC20 tokens, supporting minting and redeeming, DEX pool trading, and liquidity pairing. Trading fees will flow back to the AI token. Currently, the feature is in a controlled testing phase. The team stated: “We will actively monitor today’s market stability. Based on the results, we may open full pairing mode, allowing anyone to pair with the NVDA 3x ERC20 token.”
Long.xyz has recently become another viral protocol alongside Pons. The meme coin Artificial Inu (AI) issued via the platform recently surpassed $160 million, while Boner hit a $70 million market cap in just three days after launch.
BlockBeats Note: Stock Meme is an emerging concept that combines traditional meme coins with tokenized US stocks. Instead of pairing meme coins with USDT or ETH, they are directly paired with on-chain US stock tokens (such as NVDA, TSLA, AAPL, etc.). This retains meme coins’ high volatility and community-driven speculative nature, while anchoring the popularity and narrative of real stocks. A portion of transaction fees often flows back to the community treasury to accumulate corresponding US stock tokens, forming a dual-driven model of “sentiment speculation + real asset anchoring.”
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Pons hits $1 million in daily revenue for the first time, with cumulative revenue exceeding $10 million.
According to data from DefiLlama, Pons, the token launch platform on Robinhood Chain, has recorded daily revenue exceeding $1 million for the first time. The platform’s revenue hit $1.01 million on August 30, bringing its cumulative total to $10.11 million.
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