唐华斑竹

CZ spoke up—maybe it’s time to calm down a bit. Over the past two days, domestic media has completely gone wild: headlines, Douyin, and Xiaohongshu are all covered by the egg incident! Even the elderly couple downstairs are joyfully chatting about the gossip between Jing Tian and Sun Yuchen. What everyone cares about most is that it turns out trading coins is so profitable—Sun Ge is so young and yet has hundreds of billions! Some people say it’s a few trillion, or even tens of trillions! It’s all gone viral! I have no choice but to slip out on the edge, afraid that someone will stop me and ask, “Your coin-trading time seems even longer than Sun Yuchen’s. How much did you make? Why do you still look so poor?” $SOL

Binance Research: Crypto total market capitalization rose 17.6% in August to $2.70 trillion, with ETF inflows hitting the strongest level in 2026
Binance Research’s September monthly market report shows that in August, the total crypto market capitalization increased 17.6% to $2.70 trillion, while ETF capital inflows recorded the strongest performance since 2026. BTC rose 24.8% within seven days, ranking among the top 1% of weekly gains since 2020. In terms of users’ asset allocation, the share of crypto allocation among stock-holders increased from 64% to 72%, while stablecoin allocation decreased by 22%. The share of trading volume for TradFi perpetual futures contracts fell from 40% to 20%, with funds and trading activity clearly flowing back into crypto assets. $BNB

Mu Tou-jie bought a little Robinhood—just a bit, a tiny amount.
After selling down for nine days, Cathie Wood re-entered Robinhood, adding $3.5 million.
Cathie Wood returned to buy Robinhood again after a 9-day gap. On September 4, through the ARK Innovation ETF, she added 28,589 shares worth approximately $3.5 million. Previously, she had trimmed 25,009 shares on August 26.

Robinhood has performed strongly recently. Over the past month, the stock price has risen more than 30%. In the same period, Bitcoin climbed about 23% and has neared $80,000. On September 4, Deutsche Bank raised its target price from $115 to $136 and maintained a "Buy" rating. The main reason is the explosive growth in Robinhood Chain fee revenue—daily revenue jumped from under $200,000 in mid-August to over $3 million in early September. Deutsche Bank expects the annualized run rate to exceed $100 million.

As of September 4, HOOD has become the seventh-largest holding in the ARK Innovation ETF, with a weight of 4.28%. During the same period, Wood also bought Veracyte, Intellia Therapeutics, and the 3iQ Solana Staking ETF, while trimming Tempus AI and Twist Bioscience. $SOL

It’s necessary to check the latest news every day; sometimes it can suddenly jolt you awake. When I just saw this news item, I quietly opened a ZEC short position at a price of 1816.23, digging into Garrett Jin’s old playbook. I hope I can make enough by tomorrow morning to earn a Jianbing guozi (Chinese-style savory crepe) money. $ZEC

The truth is a bit painful: 95.2% of traders lose money or earn less than $100, and only 0.06% of users on Robinhood Chain are in profit over $10,000
Since Robinhood Chain launched, among Meme coin trading users, about 95.2% have losses or profits of less than $100. Out of 375,740 users, only 229 have profits exceeding $10,000—about 0.06%. Additionally, 653 users have profits exceeding $5,000, accounting for 0.17%. $SOL

A thousand-year dead snake raised its head $ARB

Arrived in Chengdu, how can I not come to Wuhou Shrine $SOL

After seeing this breaking news just now, I quietly opened a small PONS short position, at a price of 0.9361, planning to follow the big player’s lead at the bottom and hopefully wake up tomorrow morning with enough profit for a jianbing guozi. I wonder whether the market can show me some mercy and let things go as I wish.

After losing $70 million, loracle.hl continued to add to its PONS short position, with an unrealized loss of $6.57 million.

According to Lookonchain monitoring, after loracle.hl lost $70 million on HYPE, it continued to increase its PONS short position. It currently holds a short position of 17.79 million PONS, worth $16.31 million, with an unrealized loss of $6.57 million.
$POND $SOL

The water of Jiuzhaigou is truly beautiful, sitting and watching the blue sky and white clouds $SOL

Oops, no wonder it pulled back!
U.S. August nonfarm payrolls far exceeded expectations, raising Fed rate hike expectations

On September 4, U.S. employment growth in August came in better than expected, while the unemployment rate held steady, indicating that momentum in the U.S. labor market may be stronger than previously thought. According to data released by the U.S. Bureau of Labor Statistics on Friday, after upward revisions to the previous two months' job figures, U.S. nonfarm payrolls increased by 162,000 in August, surpassing all economists' forecasts. Nonfarm payroll growth was driven mainly by a rebound in jobs in the leisure and hospitality sector and an increase in government employment. At the same time, construction and manufacturing also posted solid job gains. The unemployment rate remained at 4.1%. The report shows that the U.S. labor market is weathering the uncertainty brought by the Iran war as well as inflationary pressure. Fed officials may view the report as evidence supporting the case for a rate hike, however, the U.S. CPI data to be released next week will be key to the Fed's interest rate decision later this month.$SOL

According to Lookonchain reports, frankdegods turned $1,491 into $1.2 million in less than 12 hours—an 810x return!

Frank spent $1,491 on Fomo (https://fomo.family/r/uniswap12) 11 hours ago to buy 11 million $MEME . Now it’s worth over $1.2 million.

Think about the dreams we’ve fought for years just to barely reach—while other people can so easily pull it off with only a little over $1,000 in capital and 11 hours. Tears of emotion can’t help but fill your eyes. $MEME

Coin holders who crashed into the stock market are bleeding from the head and bloodied—now they’re heading home.
Liquidity returns: Hyperliquid’s 24H trading volume Top 5 are all native crypto assets
According to data posted by Hyperliquid News on X, this morning five major native crypto assets—BTC, ETH, HYPE, ZEC, and SOL—have once again taken the top five spots on Hyperliquid’s 24-hour trading volume leaderboard.$BTC

Binance will distribute dividends to WDCB and NVDAB holders via bStocks
Eligible users will receive dividends in the form of WDCB and NVDAB stock tokens. After deducting applicable withholding tax, fees, costs, and other expenses, the net cash dividend amount will be reinvested as additional units or fractional shares of the same underlying securities; users holding WDCB and NVDAB balances on-chain will receive bStocks dividends through a multiplier adjustment. Users who hold WDCB at the snapshot on 2026-09-08 08:00 (UTC+8) will be entitled to stock dividends. $WDCB

In fact, most people view it this way: the stock tokens generated by this kind of architecture seem to have nothing to do with corporate financing.

AMC CEO again blasts Robinhood stock tokens, demanding they be halted

AMC Entertainment CEO Adam Aron has once again posted a response to Robinhood CEO Vlad Tenev, saying his concerns about Robinhood stock tokens are “almost about the company’s survival.”

Adam Aron said that Robinhood provides AMC stock tokens through a Jersey Island-related structure, but does not operate under the traditional U.S. securities law framework. This approach is “shocking and shameful.” He believes that the related synthetic stock market decouples token holders from AMC’s own financing capabilities, and that stock tokens also do not grant investors the shareholder rights that traditional stocks have, such as voting rights, which could further weaken public trust in financial markets.

Adam Aron urged Vlad Tenev and Robinhood to proactively stop trading AMC stock tokens. He also said AMC has asked external securities legal counsel to study whether legal avenues can force Robinhood to stop the related business, and that it will seek a response from the U.S. SEC. $AMC.US

Jiuzhaigou is here—it's not far from Huanglong, about a two and a half hour drive. I came in at nine o'clock, and now I feel like I can’t walk anymore. When I take a random photo, it’s like wallpaper. They say it’s even prettier in late autumn. $SOL

TermMax’s books may be wrong—maybe the market really mispriced it.

Let the data speak. TVL is already up to $90 million, while the market cap is only $18 million. There are only two major players in the fixed-rate track: Pendle has a $300 million market cap, and TermMax is just 6% of that.

Now let’s talk about the unlock. Rumors outside are intense, saying that $TMX dropped because unlocked tokens were dumped. I checked the token allocation chart: the team holds 15%, advisors 3%, and investors 28%—together 46% of the supply, all fully locked until August 2027. Not a single token has moved. What can be released monthly afterward is roughly the ecosystem portion—about 6.04 million tokens. Sentiment and on-chain data don’t match; it clearly leans more toward panic and overselling.

TermMax isn’t the kind of project that rushes development before issuing tokens. The mainnet has been running since April 2025: 10 EVM chains, 1.5 million+ wallet addresses, 90,000+ daily active users, and 20+ institutional partnerships. Keyrock and Edge Capital act as curators. Last month, YZi Labs just announced a strategic investment. On the TGE day, five exchanges listed it simultaneously—Binance Alpha, Kraken, Bitget, MEXC, and KuCoin. The next day, Bybit followed quickly with listings for perpetuals. Usually for new coins, they start by testing with one exchange; this was a one-shot opening to five at once.

I think the current market pricing for TermMax basically doesn’t factor in its fundamentals.

Personal opinion only; not investment advice. Crypto assets are highly volatile—please DYOR.

$TMX

Just saw this photo and couldn’t help but感叹 the unpredictability of life. A 985 graduate, passed the civil service exam, landed the job—so many people envy it, yet it all comes to an abrupt end. Who would have thought that while sitting in a towering customs office building, you could still be swallowed by a mudslide.

On the road of life, there are many risks and many forks. Choice matters more than effort; one wrong step can cost you your whole life.

It’s impossible to always choose correctly, but at the very least, you should do your best to guard against risks, and work hard to keep yourself from standing too close to the edge of danger. Because some mistakes, once made, are hard to correct—or you may never get another chance to correct them. For example, marriage. For example, life and death.

Especially when everything seems smooth and effortless, a seemingly insignificant mistake can wipe out all your past achievements. That’s what the old saying calls “capsizing in the gutter.”

I once had a friend. He was born into a well-off family, smart and handsome, with outstanding talent. Like Brother Sun, he also got into Peking University. After completing his master’s degree, he smoothly entered a certain bureau in Beijing. The director took one look at him and kept him close, having him serve as a secretary—training him as part of the succession pipeline. His future looked bright.

One day, he had a toothache. Instead of going to the hospital to save time, he got a tooth filled at a nearby private clinic. About a month later, he started feeling weak all over, and his urine turned the color of strong tea. When he got checked, he found out he had hepatitis B. He was hospitalized and treated. After he recovered and returned to work at the bureau, he discovered that his desk and chair had already been moved away from the director’s side and placed far, far distant. From then on, his career path was over. Not long after, he resigned quietly and became a lawyer. Just by getting one tooth treated, his life took a dramatic turn.

Trading is the same as life. And especially when things go smoothly, that’s often when you’re closest to blowing your account. At 37, Roger—financially free—passed the “life hack” to his daughter: “No matter when it is, if you feel like you’re all-powerful, stop. Don’t do anything.” $SOL