Odaily News — According to GMGN market data, the market cap of ARC Chain meme coin USDC briefly surpassed $4 million, currently reported at approximately $4.2 million, with an intraday gain exceeding 964x.

The token's narrative originates from a previously released official USDC advertisement, which featured a hat-wearing "Fat Cat Bat Rat" character. The overall style is similar to the classic meme coin WIF's "hat-wearing animal" narrative, and it was subsequently衍生 by the community into a related meme coin.

Odaily reminds readers that meme coin prices are highly volatile and susceptible to market sentiment and trending events. Please be aware of trading risks.

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%.

Odaily News: According to GMGN data, the market cap of Arc chain Meme coin TOLLY has broken $20 million, hitting a new high, now at $20.11 million, with an intraday gain of 2,515%.

Odaily reminds users that Meme coin prices are highly volatile, and investors should participate with caution.

Odaily reports: Erebor Bank, a crypto-friendly bank founded by Palmer Luckey, launched free withdrawal services for Circle and Tether stablecoins this year to attract crypto clients. Professional trading firms such as Wintermute exploited the arbitrage opportunities within, causing losses for the bank, and the service was discontinued after several months of operation.

Stablecoins do not always trade at exactly $1; redemption fees, liquidity differences, and depeg risks can all cause price deviations.

Odaily reports: Pump.fun officially announced that on the first day Arc Chain goes live, it will be supported by the Pump.fun app. Users can seamlessly trade any token on Arc Chain with USDC, earn Callout rewards, and enjoy near-zero transaction fees.

The news was subsequently reposted and endorsed by the Circle CEO, and the official Arc Chain account responded in the comments section: "Built for this."

Odaily News: According to GMGN data, the market cap of Meme coin PAID on Solana briefly surpassed $20 million, with a 24H gain of over 990x, and has now fallen back to $13.4 million.

It is reported that UsePaid is an automatic fee-splitting tool for token creators' fees: project teams can import the creator fees generated by Meme coins into UsePaid, where 80% is converted to USD and paid to designated X users via X Money, while 20% is used to buy back and burn $PAID.

Odaily reminds users that Meme coin prices are highly volatile, and investors should participate with caution.

Odaily reports that Arc officially posted on X stating that Economic OS will launch tomorrow, providing a financial foundation for the open agent economy, supporting machines to automatically spend USDC according to rules, with settlement on the Arc chain.

In addition, Arc will host a mainnet launch livestream in New York. The developer warm-up session will be held from 11:30 AM to 1:30 PM ET on September 16, starting at 11:30 PM Beijing Time on September 16; the main stage official session will be held from 2:00 PM to 3:45 PM ET on September 16, starting at 2:00 AM Beijing Time on September 17.

Odaily reports that the top 5 addresses on the liquidation leaderboard suffered cumulative liquidations of approximately $13.5135 million during last night's market moves, with long positions liquidated for about $9.1605 million and short positions liquidated for about $4.3530 million. One address, after its long position was repeatedly liquidated, flipped to short, only for the short position to also be liquidated, resulting in cumulative liquidations of approximately $4.3414 million. Two other addresses had long positions liquidated for about $2.7851 million and $2.6389 million respectively, while two additional addresses had short positions liquidated for about $1.9249 million and $1.8233 million respectively.

Odaily News: According to GMGN data, the market cap of the Arc chain Meme coin LONG has broken $10 million, hitting a new high, currently reported at $9.97 million, with a 24H gain of 251.8%.

Well-known trader Bonk Guy previously sparked controversy by shilling LONG, with community users questioning security issues such as the protocol token's high concentration.

Odaily reminds users that Meme coin prices are highly volatile, and investors should participate with caution.

Odaily reports that BitMEX co-founder Arthur Hayes posted on X that the U.S. Clarity Act is detrimental to genuine innovation in the U.S. crypto industry and the development of products that meet market demand.

He stated that Bitcoin has never needed the act since its inception in 2009, nor will it need it in the future; regulatory legislation should not become a precondition that restricts industry development and product innovation.

According to on-chain analyst Yu Jin, 12 hours ago, a whale sold 866.1 BTC worth $65.42 million and bought 26,924 ETH at an average price of $2,430.

Odaily reports that Cathie Wood stated each Starship launch could generate $1 billion in revenue. Elon Musk's goal is to achieve 10,000 launches per year by 2030, corresponding to $10 trillion in annual Starship revenue; if SpaceX achieves this goal, its $1.75 trillion IPO could be viewed as a deep value investment opportunity at that time.

Odaily Report: On September 16, according to SoSoValue data, influenced by a combination of factors including the failure of a key procedural vote on the CLARITY Act, the crypto market overall trended downward. The PayFi sector fell 8.44% over 24 hours, with XRP (XRP) and Stellar (XLM) dropping 10.38% and 10.66% respectively. Meanwhile, Bitcoin (BTC) declined 3.17%, briefly falling below $75,000 intraday before recovering to $75,600; Ethereum (ETH) dropped 4.88%, falling below $2,400.

Additionally, the GameFi sector remained relatively resilient, rising 9.65% against the trend over 24 hours, with Akedo (AKE) surging 76.22%.

In other sectors, CeFi fell 1.74% over 24 hours, with Cronos (CRO) dropping 6.70%; Layer1 declined 3.44%, with mainstream public chains broadly weakening — Solana (SOL) fell 5.65% and Injective (INJ) dropped 13.07%; Layer2 decreased 4.04%, though Arbitrum (ARB) showed strength with a 10.71% gain; Meme fell 4.24%, with Pump.fun (PUMP) dropping 7.59%; DeFi declined 5.25%, with Curve DAO (CRV) falling 9.72%;

Crypto sector indices reflecting historical sector performance show that the ssiPayFi, ssiDePIN, and ssiRWA indices fell 9.78%, 8.86%, and 6.81% respectively.

Odaily News: According to official sources, the ARC mainnet officially launched on September 16 at 9:00 (GMT+8). OKX Wallet has simultaneously added support for the ARC mainnet, offering features including market signal tracking, market analysis, trading, and cross-chain functionality. Users can manage and transfer Arc assets through OKX Wallet in a one-stop manner—from discovery and analysis to trading—exploring the Arc ecosystem without needing to switch between multiple tools.

It is reported that ARC is an open Layer 1 network designed for financial markets, real-time capital flows, and the agent economy. It supports paying Gas fees with stablecoins, with USDC supported in the initial phase.

Odaily Report: Circle's public chain Arc launched its mainnet today at around 7 AM, and cross-chain functionality is now open. Early on-chain assets include LONG, with a market cap of $7.76 million and a liquidity pool of $324,000; TOLLY, with a market cap of $5.25 million and a liquidity pool of $275,000; COOL, with a market cap of $6 million and a liquidity pool of $360,000. ARGUS is the token of the ArgusPad launch platform, with a liquidity pool of $540,000. Previously, trader Bonk Guy sparked controversy by shilling LONG, and community users raised concerns about the protocol's high token concentration and other security issues.