Odaily: Nasdaq plans to invest $100 million in Payward, the parent company of crypto trading platform Kraken, at a valuation of $21 billion.

Previously, Nasdaq had partnered with Payward to jointly develop tokenized infrastructure, aiming to advance the tokenization of traditional financial assets such as on-chain equities. (Bloomberg)

Odaily reports that WEEX exchange has announced that the sixth round of its "Contract Mining" campaign ended on September 6. According to the previously disclosed WXT buyback plan, WEEX used its own platform funds to complete a public buyback of $1 million worth of WXT on the spot market on September 7-8. The buyback totaled 53,116,217 WXT at an average price of 0.018827 USDT/WXT.

"Contract Mining" is a Trade to Earn trading incentive campaign launched by WEEX for all users. During the campaign, users who participate in contract trading can receive real-time rebates of trading fees paid out in WXT, with a maximum rebate ratio of 35%. To give back to users for their support of the platform's campaigns and the WXT token ecosystem, WEEX completed this WXT buyback plan.

According to Odaily Meme Express monitoring, the market cap of CANAL on Robinhood has surpassed $3.39 million.

CANAL treats different stock tokens on Robinhood Chain as independent "islands," connecting them by establishing liquidity ports for different stocks. It has currently launched 8 ports, including TSLA, AAPL, MSFT, AMZN, META, GOOGL, TSM, and more. Subsequent new ports will be built in order of stock market cap ranking, with the current next target being SPCX, while AVGO, MU, LLY, and others are in the follow-up queue.

Its core mechanism revolves around trading fees forming a cycle. Users purchase CANAL through SNDK, with each transaction charging a 3% fee, part of which is distributed to CANAL holders and part of which is used to build the next stock port. CANAL holders can continuously earn returns in SNDK, CANAL, and other assets, and the top 100 holders can also receive newly added stock tokens from each port.

"Meme Express" is curated by Odaily's exclusive 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.

Odaily reports — At a Republican midterm election convention, Trump made a bold promise: if Republicans retain the House and Senate in the November midterm elections, every American adult citizen will receive a $5,000 "Trump Dividend." The plan is estimated to cost over $1 trillion, but Trump did not specify the funding source, and implementation would require congressional approval. This rare promise underscores the midterm election pressure facing Trump and the Republican Party. Trump's approval ratings remain under pressure, voter dissatisfaction over the cost of living and the Iran war is rising, and several Republican candidates in fiercely contested races even skipped the convention; Republicans currently need to defend their slim House majority, and Senate seats are also facing competitive challenges. In his speech, Trump unusually asked voters to "pretend I'm on the ballot," and acknowledged that the president's party typically loses congressional seats in midterm elections. He also pledged to devote more time to helping Republican candidates campaign, attempting to recast himself as the core mobilizing force for the November elections. Meanwhile, U.S. national debt has surpassed $40 trillion, and the fiscal feasibility of the $5,000 dividend plan is being questioned. Within the Republican Party, efforts to adjust the proposal are also emerging, with Senator Ted Cruz suggesting it could be designed as a tax rebate with work requirements.

Odaily reports — According to MSX.COM data, AI concept stocks broadly declined in US pre-market trading, with MRVL down 1.36%, MU down 1.38%, NVDA down 0.11%, and AVGO down 0.61%.

It is reported that MSX.COM is a decentralized RWA trading platform that has cumulatively listed hundreds of RWA tokens, covering US stock and ETF tokenized assets such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.

According to Lookonchain monitoring, a certain whale bought another 308,600 HYPE today, worth $26 million; this whale has cumulatively bought 4.05 million HYPE, worth $322 million, and has staked all of it.

Odaily reports that Upbit has announced it will terminate trading support for Ravencoin (RVN), covering three trading pairs: RVN/KRW, RVN/BTC, and RVN/USDT. Trading will officially end on October 12 at 15:00 (KST). Upbit stated that RVN had previously been designated as a caution asset on August 11, and after further review, it determined that the relevant risk factors have not been eliminated. Due to prior issues with RVN, including security incidents that could potentially cause user losses, Upbit decided to delist RVN in accordance with its trading support termination policy. After trading is terminated, all outstanding buy and sell orders will be uniformly canceled; Upbit will continue to provide withdrawal services for 30 days, and users must complete their withdrawals by November 11 at the latest.

Odaily reports: Trader NMTD8 opened a position on the Hyperliquid platform at $62.52, holding a HYPE 10x leveraged long position worth $16.46 million. Since then, HYPE's price rose 33% to $83.13, and the position has realized a profit of $4.09 million. The total account value stands at $11.34 million, with unrealized gains of $1.71 million across the overall portfolio.

Odaily News: In the previous first round of financing, DeepSeek released only about 10% of its shares, raising over 50 billion yuan at a valuation of $50 billion. At that time, Liang Wenfeng demanded verification of the identities of all LPs participating in the financing. In the second round of financing launched in July, according to foreign media reports, the company plans to raise 50 billion yuan at a target valuation of 500 billion yuan. Meanwhile, the Financial Times reported that Liang Wenfeng has begun personally reviewing some final investors, hoping to maintain control over the company and reduce potential governance risks before the IPO.

Although the IPO is still some time away, combined with DeepSeek's second-round financing valuation, current market expectations have already surged toward 1 trillion or even 2 trillion yuan.

By then, a shift in the wealth rankings may unfold: on the Forbes China Rich List, Zhang Yiming will continue to hold the title of China's richest person in 2026 with a net worth of $69.3 billion. If DeepSeek truly breaks through 1 trillion yuan, given Liang Wenfeng's relatively high shareholding ratio in DeepSeek, he could potentially become China's new richest person. (PEdaily)

Odaily reports: According to Arkham monitoring, the PONS short position established by trader Lorale has turned profitable. Lorale currently holds a PONS short position worth $16.3 million on Hyperliquid, accounting for 17.5% of PONS's total open interest across the network.

The position was opened 9 days ago at an average price of $0.44, and was continuously added to during PONS's surge to its all-time high of $0.97, with unrealized losses at one point exceeding $8 million. Currently, the short position has an unrealized profit of approximately $2.18 million.

Odaily reports, according to GMGN data, the market cap of Robinhood ecosystem Meme coin MOO briefly broke $40 million, now reported at $42 million.

It is understood that MOO is a Meme coin for RH chain stocks, with the trading pair MOO/MU, directly paired with the tokenized stock Micron on Robinhood Chain.

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

Odaily reports that Garrett Jin released his latest weekly outlook, stating that Bitcoin pulled back after hitting a high of $82,300 last week, indicating that resistance above $80,000 remains strong, and the current consolidation phase is not yet over—the market may not even be halfway through this process.

Regarding price ranges, if BTC reclaims $82,500 with stronger spot demand, the next resistance zone is $83,000 to $86,000; if spot demand remains weak, the primary focus is support at $76,000 to $77,000, and if that is broken, a rapid drop to $74,000 to $75,000 is possible, with the key demand support level near $72,000 to $72,500.

Garrett Jin maintains his judgment that there is about a 70% probability the bottom of this cycle is at $60,000. He stated that while he remains constructive on the macro outlook through year-end, he is taking lower risk exposure in the near term.