1. Down 85% from peak, Robinhood Chain revenue falls below $1 million for three consecutive days;

2. Robinhood co-founder pens long-form piece on stock tokenization: putting stocks on-chain does not change underlying attributes, and stock issuers have no right to block it;

3. Profiting approximately $14.22 million, a highly profitable whale reduced 9,976.46 ETH long positions and again placed buy orders;

4. Hong Kong IPO market is booming, with over HK$360 billion raised so far this year;

5. WSJ: U.S. stocks rebound as market accepts Fed rate hike expectations, 10-year Treasury yield approaches 5%;

6. Canadian financial regulator determines tokenized deposits have the same legal status as traditional deposits.

Odaily reports: On-chain analyst Ai Yi posted on X that Donut AI CEO and founder Chris held PUMP for several months, accumulating profits exceeding $936,000. He also traded Robinhood trending tokens for 30 days, gaining over $130,000, with PONS reaching a market cap of $600 million at the time of his exit, which has since fallen back to $440 million.

Chris also built a position in STONK at a low point when its market cap was $89 million. His unrealized profit is currently around $180,000, representing a return of over 170%. The token's current market cap is approximately $240 million.

Chris stated that Robinhood is primarily an incremental game driven by new retail capital inflows, while Solana is a stock game of existing SOL capital rotating within the ecosystem. He is more bullish on the future development of the Solana ecosystem.

According to Token Terminal monitoring, tokenized stock asset holders grew 619.1% over the past 90 days to 3.6 million. BNB Chain leads with 1.5 million, followed by Robinhood Chain with 1.2 million, and Solana with 647,500.

Odaily News: According to Odaily Meme Express monitoring, the market cap of Maple on Robinhood has surpassed $1.3 million.

It is reported that this token is packaged as a real-life animal image that Robinhood has yet to feature — the hippopotamus; the related narrative also leverages the coincidence between "hippo" and the name Robinhood, as well as the saying that "foreigners get excited when they see a hippo," to create associations.

"Meme Express" is curated exclusively by Odaily's AI model to screen potential community-hyped targets. The content is compiled based on public information and does not constitute investment advice. Please conduct your own due diligence and be aware of the high volatility risks of meme coins.

Monitoring shows that the PPP prediction market tool detected that in the predict.fun "LPL Playoffs Lower Bracket Final IG vs AL" prediction event, a newly created account

(0x3Cd7e08013eF05BBBc817FeAd9AEC9D538Cb790d) purchased $49,000 on IG defeating AL, with an average entry price of 52.7¢ and 93,177.33 shares bought.

This match started at 17:00 on September 12, in a BO5 format, and IG currently leads 1:0. The winner advances to the September 13 grand final to face BLG, who are already waiting, competing for the LPL Summer Split championship and a Worlds spot; the loser enters the gauntlet (both teams have already secured a spot in the gauntlet winners' bracket and will continue competing for a Worlds spot).

Join the PPP signal push community to stay one step ahead and seize the initiative.

Odaily: US President Trump: (Regarding Iran) The war will end very soon. (Jinshi)

Odaily News: Since the beginning of this year, Hong Kong's IPO market has been booming, with total fundraising (including over-allotment) exceeding HK$360 billion, ranking among the top exchanges globally. A number of leading A-share companies, including Victory Giant Technology, Luxshare Precision, and Zhongji Innolight, have successively listed on the Hong Kong Stock Exchange. Specifically, Wind data shows that as of September 11, 108 new stocks have successfully listed and traded in Hong Kong this year, with total fundraising reaching HK$364.176 billion — a scale that ranks among the top exchanges worldwide. Compared to the same period in 2025, the number of new listings increased by 60%, and total fundraising rose by 161.38%. (China Securities Taurus)

Odaily News: After meeting with Irish President Catherine Connolly in Dublin, when asked about new concerns regarding Saudi Arabia and whether he could help with traffic passage through the Strait of Hormuz, U.S. President Trump stated that "everything will be resolved smoothly." (Jinshi)

Monitoring shows that in the predict.fun prediction event for "IG vs. AL in the LPL Playoffs," the probability of IG defeating AL is currently reported at 52%.

At 5 PM today, the LPL Playoffs lower-bracket final will feature IG versus AL, with this match played in a BO5 format. The winner will advance to tomorrow's LPL Grand Final to compete for the championship against BLG, who have already qualified; the loser will end their run in this year's playoffs. However, both teams have already secured a spot in the winners' bracket of the Global Finals qualifying tournament, so even if they lose this match, they still have a chance to qualify for Worlds through the qualifying tournament.

IG has been climbing all the way up since the Knight's Path, and after entering the playoffs, they consecutively defeated TES 3:2, WE 3:1, and swept LGD 3:0, completing a "one-through-four" run; AL, on the other hand, defeated LGD 3:1 in the first round of the playoffs, then fell to the lower bracket after losing 0:3 to BLG in the winners' bracket final.

PPP Prediction Market Tool monitoring shows that in the "LCK Playoffs Loser's Bracket Final T1 vs HLE" prediction event, a "dumb money" account

(0x5dab5ed9691fab220535891d9c7f5c28eed322e1) that had lost $1.179 million purchased $122,000 worth of HLE to defeat T1, with an average entry price of 69.9¢ and 174,705.5 shares bought.

The winner of this match will advance to the Grand Final on September 13 to face GENG, competing for the LCK 2026 championship. The match is currently underway, with HLE temporarily leading 2:1, and Game 4 about to begin.

Join the PPP Signal Community to stay one step ahead and seize the opportunity.

Odaily reports that a highly profitable whale, approximately 11 hours ago, reduced 9,976.46 ETH long position in batches at an average execution price of approximately $2,619.87, with a notional value of approximately $26.137 million, realizing a profit of approximately $14.22 million, and subsequently placed ETH buy orders again.

According to DeFiLlama data, Robinhood Chain revenue has continued to decline after hitting a peak of approximately $5.44 million on September 4. By September 11, revenue had dropped to $841,178, remaining below $1 million for three consecutive days—a plunge of 85% from its peak. 24-hour DEX trading volume stands at approximately $2.498 billion. Additionally, Robinhood Chain's revenue over the past 7 days fell to $10.55 million, with 30-day revenue at approximately $32.29 million.

Odaily News: Robinhood co-founder Vlad Tenev published a long-form article this morning outlining Robinhood's vision of enabling global investors (especially non-U.S. users) to gain exposure to U.S. stocks and ETFs through blockchain, and focused on the question of whether issuers need to consent to their stocks being tokenized.

Vlad Tenev argues that publicly traded company shares are freely transferable personal property, and owners should have the right to decide how to hold and use them. The company that issues the stock controls the rights attached to the securities it issues, but it does not control all third-party financial products built around those securities, and there is already precedent for this in financial markets: unsponsored ADRs, options, and structured products. Therefore, if a product changes the rights of the underlying shares, replaces the company's official shareholder register, or imposes new obligations on the company/transfer agent, then issuer involvement is required. If it merely creates an independent financial instrument that holds or references freely transferable shares on a 1:1 basis, without changing the issuer's rights, obligations, or authoritative shareholder records, then issuer consent is not required.

Robinhood adopts a model of third-party issuance of independent instruments backed 1:1 by underlying shares. Putting stocks on-chain should not grant issuers veto rights they did not previously have, nor should it prevent new investors from entering simply because issuers do not understand new technology.

Last week, AMC's CEO criticized the "synthetic equity market" established by Robinhood as potentially decoupling stock token trading from listed companies' financing arrangements, and demanded that Vlad Tenev and Robinhood voluntarily stop AMC stock token trading. The related debate sparked heated discussion in both the crypto and stock communities.

Odaily reports that according to ZachXBT monitoring, Revolut is suspected of failing to identify a fraudulent request, resulting in the leak of some users' personally identifiable information (PII). The leaked information includes copies of passports or driver's licenses and verification selfies, account statements, IBANs, withdrawal records, complete transaction history including Bitcoin transactions, as well as names, dates of birth, occupations, home addresses, email addresses, and phone numbers. ZachXBT stated that the number of users involved in this incident may be limited, but it appears to target high-net-worth individuals. It is reported that multiple Revolut users received related security alert emails yesterday.

Odaily News: In Singapore's S$3 billion money laundering case, the first two batches of confiscated assets have officially been put up for auction, with an estimated total value ranging from S$2.9 million to S$3.9 million. The auction is conducted entirely online, and bidders cannot place bids in person or by phone. Currently, the confiscated items are stored in a warehouse at Le Freeport in Changi North Crescent. Interested bidders from Singapore and overseas can visit in advance, but appointments are required and slots are limited. Among the items, the most notable is a limited-edition pumpkin bag by Louis Vuitton and Yayoi Kusama. (Lianhe Zaobao)

It is reported that this case is one of the largest money laundering cases in Singapore in recent years. Su Weiyi, a business partner of involved party Wang Shuiming, has been confirmed as the mastermind behind the cryptocurrency platform scam Atom Asset Exchange. Another involved party, Su Baolin, had received proceeds from illegal overseas online gambling through USDT and converted part of the USDT into at least S$463,000 in cash in 2023. He also used USDT to purchase a Toyota Alphard.

Odaily News: After U.S. August CPI data came in slightly above expectations, the market has largely confirmed that the Federal Reserve will raise rates next week, which instead drove a rebound in U.S. stocks on Friday. Investors believe that a clear rate hike path helps reduce policy uncertainty and avoids more aggressive rate hike expectations in the future. The S&P 500 rose 0.9% on Friday, the Dow gained about 1%, and the Nasdaq rose 1%, but all three major indexes still ended the week lower overall. Meanwhile, the 10-year Treasury yield closed at 4.974%, approaching the 5% threshold, up significantly from 4.783% a week earlier. The market currently expects the Fed to raise rates by 25 basis points at next week's meeting. RBC Capital Markets even revised its rate cut expectations for this year to three rate hikes, believing that high rates could further weigh on corporate earnings and equity valuations. Energy markets also continued to exert pressure. Brent crude closed at $104.61 per barrel on Friday, up more than 8% for the week. Houthi attacks on Saudi energy facilities, transportation risks in the Strait of Hormuz, and Saudi Arabia's closure of the East-West oil pipeline have all further intensified supply concerns. Although market sentiment recovered somewhat on Friday, the simultaneous presence of high oil prices and high interest rates still means that U.S. stocks may remain highly volatile going forward. The core question on Wall Street has now shifted from "whether the Fed will raise rates" to "how long will high rates persist, and can inflation be contained without harming the economy and corporate earnings."