News Heat Trend
CZ: Bitcoin May Surpass Gold in the Next Bull Run, Current Market Cap Gap Approximately 10x
Odaily News: Binance founder Changpeng Zhao (CZ) stated at Bitcoin Asia that Bitcoin may surpass gold in the next bull market, with the current market cap gap between the two standing at approximately 10x. Ricardo Salinas Pliego estimates that if Bitcoin were to reach gold's total market cap, its price could reach approximately $1.86 million.He noted that if Bitcoin becomes a strategic reserve asset for nations, its importance could surpass that of gold; however, central banks and governments have already established systems for valuing, storing, and managing gold, and transitioning to Bitcoin will take time.Glassnode data shows that Bitcoin's 90-day correlation with gold has risen from 0.21 in March to approximately 0.57, while its correlation with the Nasdaq 100 index has fallen from 0.57 to 0.22. Other estimates indicate that its correlation with gold stands at approximately 0.59, the highest level since 2020. (Bitcoin.com News)
HYPE Treasury PURR Increases Equity Financing Commitment to $2.5 Billion and Sets Cap on Discounted Secondary Offerings
US-listed Hyperliquid Strategies Inc. (PURR), the HYPE treasury company, has amended its ChEF Purchase Agreement with Chardan Capital Markets, increasing the total committed amount for newly issued common shares from $1 billion to $2.5 billion. The amended agreement introduces a new trading cap mechanism: once cumulative sales exceed $1 billion, if the offering price falls below $12.02 per share, additional issuances will be capped at 42,641,847 shares, representing 19.99% of the outstanding shares prior to the amendment. Any additional issuances exceeding this cap require shareholder approval in accordance with Nasdaq rules, aimed at mitigating the dilutive impact on existing shareholders caused by low-priced offerings.
fomo co-founder announces completion of first funding round with 140 investors participating
: Se Yong Park, co-founder of crypto trading app fomo, announced on the X platform that the company has completed its first funding round, with 140 angel investors participating. The cap table now lists over 200 angel investors.He stated that early-stage founders almost always misunderstand the dynamic between the company and its angel investors, and should instead view angel investors as call options on the product's success. Even if the cap table includes tech CEOs, celebrities, and athletes, the likelihood of them providing early-stage help is close to zero. As the company scales and builds a product that angel investors genuinely want to use and are proud to share, more and more people will naturally recommend the product to others.
Bonk Guy: PONS Market Cap Should Be at Least $200 Million, Robinhood Listing Might Only Be a Matter of Time
Odaily News Trader Bonk Guy stated that the market is gradually recognizing the potential of PONS. He noted that PONS currently generates approximately $56 million in annualized revenue, with 80% used for buybacks and burns of PONS; in comparison, Pump.fun generates about $460 million in annualized revenue, with 50% used for buybacks and burns of PUMP, while PUMP is currently valued at approximately $2 billion.Bonk Guy believes that even if PONS were given only 10% of PUMP's valuation, its market cap should reach around $200 million. Additionally, Pons has contributed to roughly half of the on-chain activity on Robinhood Chain, with at least 5 tokens issued through Pons having a market cap exceeding $10 million and at least 20 exceeding $1 million.Regarding the market's recent expectations around Robinhood listings, Bonk Guy stated that as one of the main Meme coin issuance platforms on Robinhood Chain, a future PONS listing on Robinhood is, in his view, "inevitable," and the current rally is not solely driven by listing expectations.
SEC Proposes New Crypto Rules: Establishing a Token Investment Contract Safe Harbor with Offering Cap of Up to $75 Million
Odaily News: The U.S. Securities and Exchange Commission (SEC) has proposed rules related to crypto assets, aiming to establish a clear framework for eligible investment contracts and provide a targeted securities offering regime for token issuances, enabling related entities to raise funds while retaining investor protection measures. The proposed rules would allow crypto companies to issue up to $5 million in tokens over four years, or up to $75 million in tokens within 12 months, and provide a safe harbor to prevent cryptocurrencies from being deemed "investment contracts." Issuers would be required to disclose financial statements and provide ongoing reporting. The SEC did not include the previously anticipated "innovation exemption" for crypto stocks. The proposal comes just days after the U.S. Senate failed to advance the Digital Asset Market Clarity (CLARITY) Act; the public will have 60 days to submit comments after the proposal is published in the Federal Register. SEC Chair Paul Atkins stated that congressional legislation remains essential for establishing rules that can be applied over the long term, and the SEC will continue to support Congress in advancing the CLARITY Act to President Trump. The Commodity Futures Trading Commission (CFTC) plans to discuss cryptocurrency, AI, and prediction market regulation on Thursday. (Cointelegraph)
Flow Traders Pilots Lombard Bitcoin Credit Lending Solution to Support Stablecoin Financing with BTC
: Bitcoin financial product platform Lombard Finance has announced the launch of the Bitcoin Onchain Credit Strategy, with global trading firm Flow Traders as the first pilot partner. Under this solution, Flow Traders can borrow stablecoins for market making without providing on-chain collateral. Its collateral security is provided by Bitcoin deposited in the Lombard Bitcoin Earn yield product, and underwriting is completed through the Cap private credit platform. (The Block)
Russian Central Bank Plans 1% Capital Cap on Banks' Crypto Asset Exposure
According to CryptoSlate, on September 18, the Central Bank of Russia released a draft proposing a 1% capital limit on banks' crypto asset exposures and introducing two regulatory ratios: N31 (applicable to standalone banks) and N32 (applicable to consolidated banking groups). The draft stipulates that direct positions, derivatives, loans, bonds, repurchase agreements, and other instruments linked to crypto prices are included in the calculation. Bank proprietary positions and customer custodial positions where the bank bears payment liabilities are subject to a 1,250% risk weighting, whereas customer custodial positions without such liabilities are subject to a 50% risk weighting and excluded from the 1% limit calculation. The rule is scheduled for official publication in the fourth quarter of 2026, will be enforced 10 days after it takes effect, and banks are required to start reporting relevant data in January 2027.
Gemini Market Cap Shrinks 80%, M&A Speculation Reignites
Gemini's stock price has fallen by approximately 80% since its IPO, with its market capitalization dropping from a peak of $4 billion to $753 million. As trading volumes contract, the value of its regulatory licenses and infrastructure has fueled market speculation about an acquisition, but the founder's absolute voting control presents practical hurdles to advancing any potential deal.
Anchorage Digital Bank Begins Custody of Physical Uranium Token, xU3O8 Market Cap Around $9 Million
Odaily News: Anchorage Digital Bank N.A., the first federally chartered crypto bank in the United States, began offering xU3O8 custody services to institutional clients on September 16, 2026. The token is backed by physical uranium concentrate (yellowcake), with the relevant uranium materials stored at Cameco facilities and beneficial ownership held through a UK trust structure.xU3O8 is issued by Uranium.io, with UK regulator Archax serving as trustee, and the underlying assets mapped through the Etherlink network. Cameco is responsible for safeguarding the physical uranium in certified facilities and regularly publishes reserve proof audit results.Anchorage Digital Bank N.A. is regulated by the Office of the Comptroller of the Currency (OCC), and its clients can include xU3O8 in the same segregated, bankruptcy-remote accounts as Bitcoin and cash equivalents. Currently, xU3O8 is priced at approximately $5.66 per unit, with a total market cap of about $9 million. (Bitcoin.com News)
Tether CEO Counters JPMorgan with "Selling Ice in the Arctic" Metaphor: A $183 Billion USDT Market Cap Is the Best Response
According to BeInCrypto, JPMorgan Co-President Doug Petno stated at the Barclays Global Financial Services Conference that institutional interest in blockchain and stablecoins remains in its early stages, constrained by interoperability gaps, regulations, and KYC rules, with no genuine institutional demand beyond crypto trading currently. In swift response, Tether CEO Paolo Ardoino remarked that "there is no need to import ice to the Arctic," mocking JPMorgan’s assessment as out of touch with reality—Tether's USDT market cap has already neared $183 billion, while the total market capitalization of all stablecoins sits at approximately $311 billion. Notably, JPMorgan itself operates the blockchain payments division Kinexys, and its research team forecasts the stablecoin market to reach between $500 billion and $750 billion, falling well short of the $2 trillion upper limit projected by some firms.
Upbit Parent Dunamu and Naver Swap Deal Runs Into Complications: May Clash With Regulatory Shareholding Cap
According to Yonhap, the share swap transaction between Upbit's parent company Dunamu and a subsidiary of South Korean internet giant Naver may face uncertainties. Documents disclosed by the Legislative Affairs Research Division of the National Assembly indicate that the transaction may simultaneously be subject to the minimum shareholding requirement for subsidiaries stipulated in the Fair Trade Act, as well as restrictions on the maximum shareholding by major shareholders of virtual asset exchanges.
Russia's New Digital Assets Law Takes Effect, Retail Investors' Annual Investment Cap Set at Approximately $3,700
Odaily News: Russia's Digital Assets Law took effect on September 1, 2026, legalizing regulated cryptocurrency trading nationwide. Retail investors purchasing cryptocurrencies through a single licensed intermediary are subject to an annual cap of 300,000 rubles, approximately $3,700.The Bank of Russia is responsible for regulating licensed cryptocurrency intermediaries. Exchanges, brokers, and custodians must register as licensed intermediaries and join the self-regulatory organization of the financial market before they can legally provide services to clients.The Bank of Russia will also determine which digital assets licensed intermediaries may offer. Professional investors are not subject to the 300,000-ruble annual cap, and the ban on using digital assets to pay for goods and services within Russia remains in effect.Starting September 1, enterprises engaged in foreign economic activities may use cryptocurrency to pay for goods, works, or services in international trade. The full licensing and compliance requirements are expected to be implemented by July 1, 2027. (Bitcoin.com News)
Analyst: Bitcoin's realized market cap grew 1.2% over the past 30 days, doubling its growth rate.
CryptoQuant analyst Axel Adler Jr. stated that over the past 30 days, Bitcoin's realized cap (Realized Cap) grew by 1.2% (approximately $12.8 billion), reaching $1.079 trillion on October 2. Compared to the 0.66% growth rate a month earlier, its growth pace has doubled.
Bonk Guy: USELESS Outperforms Mainstream Crypto Assets, Market Cap Expected to Surpass $10 Billion
Prominent trader Bonk Guy stated that Bitcoin has reclaimed the $86,000 level and is in a clear uptrend. As fourth-quarter seasonal patterns approach, he believes USELESS deserves close attention. Bonk Guy further noted that USELESS has outperformed mainstream crypto assets such as BTC, ETH, SOL, DOGE, SHIB, and PEPE across multiple timeframes during this cycle. Indicators including whale inflows, perpetual open interest, trading volume, on-chain holder counts, and liquidity are all trending upward. He suggests it could emerge as this cycle's "Dogecoin/SHIB," with a market capitalization potentially exceeding $10 billion. USELESS currently represents only a small fraction of the approximately $38 billion meme coin market. Should the meme coin sector see a repricing in the fourth quarter, its upside potential could expand even further.
LAPTOP Market Cap Down 99.5% from Peak, Multisig Address Moves $3.33M in Tokens
Odaily reports: According to on-chain analyst Ai Yi, a LAPTOP multisig address transferred $3.33 million worth of LAPTOP tokens to an address 2 hours ago. Subsequently, 3.72 million LAPTOP tokens, approximately $500,000, flowed to Gate, KuCoin, and Kraken. The related deposit addresses show fund connections to market maker GSR Markets, though the specific purpose remains unclear. LAPTOP's market cap has shrunk 99.5% from its peak and currently stands at only $129 million.
Bonk Guy Responds to Buying EMBER: Started Building Position at Around $7M Market Cap, Bullish on Its Launchpad Data Growth
Odaily News: Crypto trader Bonk Guy posted on X platform responding to recent controversy surrounding his purchase of EMBER and explaining his position-building logic. Bonk Guy stated that he first noticed the project when EMBER's market cap was around $3 million but did not buy in. After observing for a day, he revisited his research due to the platform's rapid data growth and bought in from around a $7 million market cap all the way up to a $20 million market cap.Bonk Guy said that EMBER is a major Launchpad built on Meteora, supporting SOL, USDC, and over 150 tokenized stocks as pairing assets for token issuance. It utilizes Meteora Dynamic Bonding Curve technology and offers features such as token fee distribution, Daily Jackpots, and DAO governance.According to his disclosure, Ember has recorded approximately $51.7 million in trading volume, $561,000 in fees, and has cumulatively issued 2,041 tokens within 3 days of launch, with over 41,800 unique holder addresses and 149,000 Solana transactions. BonkGuy compared his Ember purchase to his previous PONS trade, noting that he first saw PONS when its market cap was below $1 million, similarly ignored it for a full day, and then started buying at around a $4 million market cap. Rather than whether a trending token has already emerged, what matters more is observing the real usage data underlying the Launchpad.Additionally, Bonk Guy stated that both Robinhood Chain and BNB Chain have multiple successful Launchpads, while Solana's Meme trading ecosystem has been developing for a longer time, so there is no reason to believe that Solana can ultimately only accommodate one successful Launchpad. He also stated that his trades are not based on market consensus. Some of his most successful trades in the past often came from discovering opportunities before the market formed a consensus; by the time everyone agrees, the asymmetric upside potential has usually already been significantly reduced.Regarding the recent controversy, Bonk Guy said that the claim of "EMBER having over 50% Bubblemaps address clusters" has been clarified by Bubblemaps; his earlier statement that Ember was "launched by Meteora" was also inaccurate—a more precise description is that Ember is built on Meteora-related infrastructure and has now been listed on Meteora's ecosystem page. Bonk Guy emphasized that he has no relationship with the Ember team, and EMBER is a personal trade for him.
Analysts: Stablecoin Market Cap Falls Below Annual Average, Market Remains in a Typical Bear Market Pattern
CryptoQuant analyst Darkfost stated in a post that the total stablecoin market cap has dropped to $144.5 billion, falling below the 365-day moving average of $147.4 billion. Over the past year, stablecoin market outflows have exceeded inflows, which is typically characteristic of a bear market. Darkfost further pointed out that the current market needs to see a reversal of this long-term capital flow trend, driving the total stablecoin market cap back above its annual average.
Well-Known Trader Bonk Guy Bullish on PONS: Annualized Revenue Exceeds $200 Million, Market Cap Just $434 Million
Prominent trader Bonk Guy (@theunipcs) announced in a post that the Robinhood Chain ecosystem protocol $PONS recorded a single-day revenue of $1.34 million today, with current annualized revenue at approximately $202 million, a market cap of roughly $434 million, and a buyback wallet balance of $3.7 million that continues to grow. The protocol will continuously repurchase $PONS tokens on the open market via TWAP.
Bonk Guy Responds to SI Drop: A Healthy Pullback, $100 Million Market Cap May Be the Next Target
Bonk Guy posted on X platform stating that Super Inu (SI) surpassed 60,000 holders within one week of launch, with over 30,000 new holders added in a single day. On-chain trading volume exceeded $110 million over the past two days, with cumulative on-chain trading volume of approximately $163 million over the past 7 days. Bonk Guy also noted that no other Meme coin has achieved similar data in this cycle or over the past year.Regarding the SI price decline, Bonk Guy added that SI's market cap had previously risen from $3 million to $70 million and is currently undergoing a very healthy pullback. He believes that a $100 million market cap could become the next target of focus and is optimistic about its future performance.According to GMGN data, SI's market cap is currently at $34.46 million, down over 22% in 24 hours.Odaily reminds users that Meme coin prices are highly volatile, and investors should participate with caution.
predict.fun Launches Polymarket IPO Closing Market Cap Prediction Market
According to Odaily, predict.fun posted on X that it has launched a prediction market for Polymarket's IPO closing market cap.
Russian Central Bank Plans 1% Capital Cap on Banks' Crypto Asset Exposure
According to CryptoSlate, on September 18, the Central Bank of Russia released a draft proposing a 1% capital limit on banks' crypto asset exposures and introducing two regulatory ratios: N31 (applicable to standalone banks) and N32 (applicable to consolidated banking groups). The draft stipulates that direct positions, derivatives, loans, bonds, repurchase agreements, and other instruments linked to crypto prices are included in the calculation. Bank proprietary positions and customer custodial positions where the bank bears payment liabilities are subject to a 1,250% risk weighting, whereas customer custodial positions without such liabilities are subject to a 50% risk weighting and excluded from the 1% limit calculation. The rule is scheduled for official publication in the fourth quarter of 2026, will be enforced 10 days after it takes effect, and banks are required to start reporting relevant data in January 2027.
Anchorage Digital Bank Begins Custody of Physical Uranium Token, xU3O8 Market Cap Around $9 Million
Odaily News: Anchorage Digital Bank N.A., the first federally chartered crypto bank in the United States, began offering xU3O8 custody services to institutional clients on September 16, 2026. The token is backed by physical uranium concentrate (yellowcake), with the relevant uranium materials stored at Cameco facilities and beneficial ownership held through a UK trust structure.xU3O8 is issued by Uranium.io, with UK regulator Archax serving as trustee, and the underlying assets mapped through the Etherlink network. Cameco is responsible for safeguarding the physical uranium in certified facilities and regularly publishes reserve proof audit results.Anchorage Digital Bank N.A. is regulated by the Office of the Comptroller of the Currency (OCC), and its clients can include xU3O8 in the same segregated, bankruptcy-remote accounts as Bitcoin and cash equivalents. Currently, xU3O8 is priced at approximately $5.66 per unit, with a total market cap of about $9 million. (Bitcoin.com News)
Bonk Guy Responds to Buying EMBER: Started Building Position at Around $7M Market Cap, Bullish on Its Launchpad Data Growth
Odaily News: Crypto trader Bonk Guy posted on X platform responding to recent controversy surrounding his purchase of EMBER and explaining his position-building logic. Bonk Guy stated that he first noticed the project when EMBER's market cap was around $3 million but did not buy in. After observing for a day, he revisited his research due to the platform's rapid data growth and bought in from around a $7 million market cap all the way up to a $20 million market cap.Bonk Guy said that EMBER is a major Launchpad built on Meteora, supporting SOL, USDC, and over 150 tokenized stocks as pairing assets for token issuance. It utilizes Meteora Dynamic Bonding Curve technology and offers features such as token fee distribution, Daily Jackpots, and DAO governance.According to his disclosure, Ember has recorded approximately $51.7 million in trading volume, $561,000 in fees, and has cumulatively issued 2,041 tokens within 3 days of launch, with over 41,800 unique holder addresses and 149,000 Solana transactions. BonkGuy compared his Ember purchase to his previous PONS trade, noting that he first saw PONS when its market cap was below $1 million, similarly ignored it for a full day, and then started buying at around a $4 million market cap. Rather than whether a trending token has already emerged, what matters more is observing the real usage data underlying the Launchpad.Additionally, Bonk Guy stated that both Robinhood Chain and BNB Chain have multiple successful Launchpads, while Solana's Meme trading ecosystem has been developing for a longer time, so there is no reason to believe that Solana can ultimately only accommodate one successful Launchpad. He also stated that his trades are not based on market consensus. Some of his most successful trades in the past often came from discovering opportunities before the market formed a consensus; by the time everyone agrees, the asymmetric upside potential has usually already been significantly reduced.Regarding the recent controversy, Bonk Guy said that the claim of "EMBER having over 50% Bubblemaps address clusters" has been clarified by Bubblemaps; his earlier statement that Ember was "launched by Meteora" was also inaccurate—a more precise description is that Ember is built on Meteora-related infrastructure and has now been listed on Meteora's ecosystem page. Bonk Guy emphasized that he has no relationship with the Ember team, and EMBER is a personal trade for him.
PYUSDx Has Processed Over $100 Million in Transaction Volume, Enabling Enterprises to Create Branded Stablecoins Within Days
Odaily News: Payment company PayPal, along with stablecoin infrastructure project M0 and crypto payment platform MoonPay, has launched PYUSDx, enabling enterprises to create stablecoin-based products within days. The platform has processed over $100 million in transaction volume, with Saturn, Concrete, and Cap having already used the technology to launch products.M0 co-founder and CEO Luca Prosperi stated that PYUSDx leaves the product layer to developers to build, allowing different enterprises to develop different products based on the same technology. USD.AI and Fairblock were also listed as related projects.May Zabaneh, Senior Vice President and General Manager of PayPal's crypto business, said the stablecoin market is rapidly maturing. On September 10, the total market cap of stablecoins was approximately $305.25 billion, with USDT accounting for 60.07%; PYUSD's market cap was approximately $2.814 billion, ranking eighth. Enterprises can issue branded digital dollars backed by PYUSD, set corresponding rules, and redeem back to PYUSD when necessary. (Bitcoin.com News)
Related news
Analyst: Bitcoin's realized market cap grew 1.2% over the past 30 days, doubling its growth rate.
CryptoQuant analyst Axel Adler Jr. stated that over the past 30 days, Bitcoin's realized cap (Realized Cap) grew by 1.2% (approximately $12.8 billion), reaching $1.079 trillion on October 2. Compared to the 0.66% growth rate a month earlier, its growth pace has doubled.
Strategy's Market Cap Surpasses Saudi National Bank, Ranks 385th Among Global Public Companies
Bitcoin Treasuries posted on X that Strategy's market cap has surpassed that of Saudi National Bank, which is held by the Saudi government, making it the 385th largest public company in the world.
Bonk Guy Responds to SI Drop: A Healthy Pullback, $100 Million Market Cap May Be the Next Target
Bonk Guy posted on X platform stating that Super Inu (SI) surpassed 60,000 holders within one week of launch, with over 30,000 new holders added in a single day. On-chain trading volume exceeded $110 million over the past two days, with cumulative on-chain trading volume of approximately $163 million over the past 7 days. Bonk Guy also noted that no other Meme coin has achieved similar data in this cycle or over the past year.Regarding the SI price decline, Bonk Guy added that SI's market cap had previously risen from $3 million to $70 million and is currently undergoing a very healthy pullback. He believes that a $100 million market cap could become the next target of focus and is optimistic about its future performance.According to GMGN data, SI's market cap is currently at $34.46 million, down over 22% in 24 hours.Odaily reminds users that Meme coin prices are highly volatile, and investors should participate with caution.
MeteoraAG Token Launch Adds Anti-Snipe Switch, Configurable Initial Market Cap and Graduation Settings
Odaily News: As the Creator Fee model gains traction, the market is beginning to re-evaluate the value capture of launchpads like PONS. Official updates posted on X state that, through solana:jLz71QZfjnZZMLjUaCBw7KmUyftkkNq8NkWi2u9dyap, a new anti-snipe switch has been added to MeteoraAG token launches. Once enabled, the token's initial tax rate is 99%, which gradually decreases to the configured rate. Users can also configure the initial market cap and graduation settings.
PAID's Market Cap on Solana Briefly Surpasses $50 Million, Continues to Hit New Highs
According to GMGN data, PAID on Solana briefly pushed its market cap above $50 million, hitting another all-time high, and is currently trading at $43.31 million, up 382% over 24 hours.
Hunter Biden Responds to LAPTOP Market Cap Falling Below $25 Million: Team Wallet Has Not Sold Any Tokens
the LAPTOP token launched by Hunter Biden, son of former U.S. President Biden, has seen its market cap drop below $25 million, a 99.9% decline from its launch. Some sources claim the project team is estimated to have profited "tens of millions of dollars."In response, Hunter Biden said: "Who made that estimate? I already said the project's launch performance was terrible, and I also said the accounts would be published."Hunter Biden also stated that the team wallet has not sold any LAPTOP tokens. The tokens held by the team are locked for 6 months, followed by a two-year vesting schedule, which has already been explained in the relevant disclosure documents. He also demanded that those claiming the team profited "tens of millions of dollars" publish the relevant wallet addresses.