News linked to both this project and an event.
Long.xyz has announced the launch of LONG 500, aiming to build the financial layer for on-chain stock communities and establish it as the S&P 500 index of the tokenized stock sector. LONG currently supports over 70 tokenized stocks. Going forward, of the stock token fees generated by each new stock pair trading pool, 5% will be injected into the AI community treasury, and another 5% will be used for buyback and burn of paired tokens, with anyone able to trigger buybacks around the clock. The automatic reinvestment mechanism for liquidity pool earnings will continue to operate, and creator fees will remain unchanged; Long.xyz also plans to upgrade the community treasury for all previously launched trading pairs and add new features.
Odaily reports: Nate posted on X that LONG builds liquidity around tokenized stock trading pairs. The main problem in the current crypto market is not a lack of trading activity, but a lack of stability; deep liquidity raises the cost of market manipulation and concentrated supply, and helps the market absorb extreme volatility. Stock trading pairs can serve as a secondary market for tokenized stocks, enabling liquidity providers to participate in trading, arbitrage, and subsequent lending applications.Taking the AI/NVIDIA trading pair as an example, when NVIDIA stock rises 20%, the USD value of NVIDIA in the liquidity pool will simultaneously rise to approximately 1.2x. Selling the same amount of AI can yield a higher USD value, but the actual effect depends on liquidity depth. Arbitrage activity between AI/NVIDIA, AI/USDG, and NVIDIA/USDG is used to maintain on-chain implied price synchronization; the deeper the NVIDIA liquidity in the pool, the more stable the arbitrage process. Nate stated that at this stage, LONG places greater emphasis on asset distribution and scale growth, rather than immediately providing high yields to holders through fees or dividends. Once asset scale expands, value can be returned to holders through dividends, voting rights, or accumulating NVIDIA. The team previously provided approximately $200,000 worth of liquidity to the AI/NVIDIA pool and LongX-related assets respectively; if included in the community treasury, the value of NVIDIA held could increase by approximately double. Regarding high-tax-rate trading pools and token-holding dividend mechanisms, Nate stated that such models are easily replaced by low-fee pools and rely on highly concentrated and active liquidity management. Therefore, LONG will not support such mechanisms by default, but instead hopes to encourage users to hold for the long term through stock correlation, liquidity, and organic growth.
LONG Co-founder Nate (@Natan_benish) tweeted that regardless of market fluctuations or personal circumstances, his long-term conviction in the development of the LONG platform remains unchanged. Nate explicitly stated that the RH chain will continue to advance, and the team will maintain its focus on RWA trading pairs, avoiding the chase for short-term trends with "no other narratives." He emphasized that the LONG ecosystem is still in its early stages, while the current crypto space remains trapped in a zero-sum game mindset. LONG's core logic is to bring in net new users and use cases, rather than competing for existing traffic. Additionally, Nate revealed that the team has completed significant upgrades to the app experience, including fixing wallet and token list bugs and adding a LONG PVE filter, which will launch soon. More progress will be announced next week.
Odaily reports: According to on-chain analyst Ai Yi's monitoring, an address bridged CRCL from the Robinhood network to the Arc network via Long on September 8, and subsequently invested $487.6 across three tokens: LONG, BITCOIN, and USDC. The cost basis for LONG was $0.0000136. Currently, the address has an unrealized profit of $578,000, representing a return rate of 118,483%.
in response to community skepticism, Arc ecosystem Launchpad Long posted on X platform stating that the stock tokens issued by Long are backed 1:1 by real stocks held on Robinhood. The relevant asset backing can be verified through on-chain bridge vaults, and 1:1 redemption is available between Robinhood Chain and Arc.It stated that Arc native USDC currently has approximately a 2x premium due to the cross-chain bridge not yet being open, causing stock tokens denominated in it to show prices lower than the underlying stock market prices. With the Arc public mainnet and native USDC cross-chain bridge opening on September 16, the premium is expected to gradually return to normal. At that time, Long also plans to provide deep liquidity for the CRCL/USDC trading pair, and launch a stock rewards model, Launchpad native USDC support, and more stock issuers.Previously—hilariously—Arc mainnet will launch on September 16. BonkGuy posted today stating that it has recently begun short-term positioning in Arc, having already purchased LONG, the native token of Arc's main Launchpad, as well as the top three Meme coins by market cap on the platform. Subsequently, crypto KOL 0xShawn stated that the long.supply platform is a platform that has rug permissions at any time.
Odaily reports: Bonk Guy posted on X platform stating that over the past few weeks, multiple developers associated with the Arc ecosystem have proactively reached out to him, hoping to attract Meme coin traders during the network's early launch phase. He believes that the Arc team has recognized that Meme coin trading is one of the ways for a new chain to rapidly boost on-chain activity, and may be borrowing Robinhood Chain's previous ecosystem cold-start playbook.BonkGuy stated that he had not previously paid much attention to Arc, but has recently begun making short-term positioning moves, having already purchased LONG, the native token of Arc's main Launchpad, as well as the top three Meme coins by market cap on that platform. However, he emphasized that his positioning in Arc is merely a short-term high-risk attempt and has not changed his long-term view that on-chain trading activity on Robinhood Chain, BNB Chain, and Solana is more promising.Previous reports indicate that the Arc mainnet will launch on September 16.
According to The Block, 44 state attorneys general led by Ohio Attorney General Andy Wilson jointly submitted a public comment letter to the Commodity Futures Trading Commission (CFTC), stating that the CFTC's proposed rules exceed the authority granted by the Commodity Exchange Act and requesting them to redraft new rules compliant with the Constitution. The letter emphasized that sports betting has historically fallen under state-level regulatory jurisdiction, and the federal government has never intervened. Meanwhile, the NFL also wrote to CFTC Chairman Michael Selig, requesting to curb the expansion of sports prediction markets, arguing that the current proposed rules are insufficient to protect the integrity of events. Currently, the legal battle between states and the CFTC continues to intensify: a Minnesota court ruled to suspend the enforcement of the state's prediction market ban, allowing Kalshi and Polymarket to continue operations; however, a New York federal judge again refused to block New York State from enforcing gambling laws against Kalshi, and Michigan and Washington states have also issued temporary injunctions restricting Kalshi from conducting sports event contract business locally.