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Odaily News: Solana co-founder Anatoly Yakovenko said on X that he looks forward to seeing a Jupiter transaction from NVDA to SPCX via Fartcoin, which would ultimately determine the NBBO (National Best Bid and Offer) price for all U.S. brokerages.
Odaily News: SOPH fell continuously after hitting a high yesterday, reaching a low of $0.005145 this morning, a decline of about 62.27% from yesterday's high of $0.013637.
A whale went long on SOPH near the low yesterday. At 01:48 yesterday, SOPH hit a low of $0.004645; 17 minutes later, the address began going long, with the first trade at $0.004736, less than 2% from the low. Subsequently, the address added positions in two rounds during the uptrend, eventually expanding its long position to 157.92 million SOPH, with a cumulative opening transaction value of about $1.0421 million and an average entry cost of about $0.006599.
SOPH then rose, reaching $0.011467 at 13:30 yesterday, up about 147% from the early morning low; at 13:33, the address's floating profit reached about $740,700. Starting at 13:35 yesterday, SOPH fell from $0.011304 to $0.00936 within 5 minutes, a single 5-minute drop of 17.20%; subsequently, the price again experienced a single 5-minute drop of 12.52%, and continued to decline to this morning's low. During this period, the address did not close its original long position.
At 08:57 today, the address initiated a 12-hour TWAP to sell 100 million SOPH in batches. The first closing trade was at $0.00525, below the average holding cost of $0.006599. As of press time, the address has sold about 13.6017 million SOPH, realizing a trading loss of about $16,400; the remaining long position of about 144.31 million SOPH is valued at about $769,900, with a floating loss of about $182,400.
Odaily News: On September 9, the B.AI platform announced that its cumulative registered users officially surpassed 2,400,612, marking a new growth record as it jumped from 2.3 million to over 2.4 million. The rapid achievement of consecutive milestones not only reflects the high trust of global developers and users in B.AI but also confirms the accelerating arrival of the era of AI for all. As the infrastructure for the AI Agent era, B.AI is promoting the efficient circulation and sharing of intelligent computing power at an unprecedented pace. From lightweight experiments to large-scale production-grade applications, more and more innovations are being rapidly incubated and implemented based on B.AI.
B.AI will continue to leverage its platform value as the "intelligent global settlement layer," ensuring that every call is efficiently routed, accurately measured, and fairly settled.
Odaily News: StoneX Financial initiated coverage on Robinhood with a Buy rating and a $170 price target, implying approximately 45% upside from Tuesday's closing price of $117.34.
StoneX noted that Robinhood Chain's daily fees reached approximately $4.59 million as of Sept. 3, and it expects the chain to generate $980 million in revenue by fiscal 2029, with a profit margin of 85%. Additionally, Robinhood's prediction market traded 13.6 billion event contracts in the second quarter, generating approximately $156 million in revenue, up 50% quarter-over-quarter. (The Block)
Odaily News: Paolo Ardoino posted on X that the Tether P2P team is developing a peer-to-peer search engine that can scale to thousands of nodes, achieving high availability and censorship resistance through a self-organizing fault-tolerant data structure. In the current test environment, the complete Wikipedia archive has been distributed across 100 nodes and supports search.
Odaily News: According to on-chain analyst Ai Yi's monitoring, Multicoin Capital has reportedly sold 1.725 million HYPE tokens worth $133 million since July 28, with an estimated profit of $77.15 million. Its most recent deposit occurred 9 hours ago, with a cost price of approximately $32.32 and an average deposit price of $77.03. The firm still holds HYPE tokens worth $60.29 million on-chain.
Odaily News: According to GMGN data, major Meme coins in the Robinhood ecosystem continue to decline. MEME's market cap is currently reported at $88.3 million, down 23.6% in 24 hours; CASHCAT's market cap is reported at $188 million, down 4.6% in 24 hours; AI's market cap is reported at $244 million, down 4.8% in 24 hours; BONER's market cap is reported at $44.7 million, down 25.7% in 24 hours; microduck's market cap is reported at $17.3 million, down 9.5% in 24 hours.
Odaily News: Scroll announced that it will transition from a general-purpose public chain to a private application-specific network built around its AI product Compass, with an expected transition period of about 9 months. The team has launched five related products, including the AI entry application Compass, the Compass API aggregating over 30 large models, the privacy trust layer CENO, the payment and settlement product USX, and the governance token SCR, which will soon migrate to the Ethereum mainnet. CENO currently has over 30 potential clients.
Odaily News: Linera stated that the LNRA community round subscription period has ended, with 617 participants from 69 countries subscribing a total of 848,000 USDC. The funds will be returned to participants' wallets via the original channels. After the refund period concludes, a follow-up announcement will be released.
Odaily News: The Polkadot community has initiated OpenGov Proposal No. 1944 to create a native decentralized stablecoin, dotUSD, and establish it as the primary stable value asset in the Polkadot ecosystem. The proposal is currently undergoing governance voting. According to the proposal, dotUSD will adopt an over-collateralization mechanism, allowing users to mint dotUSD by locking DOT in the future. The system will also include a stability pool, liquidation mechanism, and redemption mechanism to maintain its peg to the US dollar. The proposal plans to use funds from the Polkadot Treasury to provide initial liquidity for the DOT/dotUSD liquidity pool, with $2.5 million in USDT used to mint dotUSD and an additional $2.5 million worth of DOT allocated to the liquidity pool, totaling $5 million in initial funding. dotUSD is planned to be launched in phases: the first phase will use USDT as reserve support for minting, while the second phase will introduce a full DOT collateral vault, oracle, stability pool, liquidation, and redemption mechanisms.
Odaily News: According to sources familiar with the matter, DeepSeek is in the process of a new funding round, with a pre-money valuation of approximately $71 billion. Due to limited direct investment quotas, multiple layers of special purpose vehicles (SPVs) have emerged in the market to provide exposure to DeepSeek equity. Some lower-tier SPVs charge upfront fees exceeding 15%, with performance fees up to 40%. Additionally, DeepSeek's ARR reached approximately $500 million last month, and its AI infrastructure spending so far this year has reached $1.6 billion, nearly 10 times the full-year 2025 level. (Financial Times)
