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.

According to a report titled "2026 Stock Derivatives Explosive Growth: Crypto Exchange Landscape and Key Trends" published by RootData, the stock derivatives sector has moved from "peripheral experimentation" into a phase of "explosive volume growth," with cumulative trading volume from January to August reaching approximately $1.75 trillion.

In terms of cumulative trading volume, the concentration effect among top players remains significant. Among the four exchanges, Binance leads with $853.58 billion and a 61.3% share; Bitget ranks second with $270.85 billion and a 19.5% share; OKX follows closely with $234.39 billion and a 16.8% share; Bybit ranks fourth with $33.41 billion and a 2.4% share.

In terms of liquidity, based on the ±2% weighted order book depth metric, Binance and Bitget together account for over 70% of stock derivatives order book liquidity. Among them, Binance's average daily order book depth is approximately $10.1 million, with Bitget following closely at $4.82 million, while OKX and Bybit stand at $3.87 million and $1.16 million, respectively.

In terms of trading costs, in a weighted spread comparison across more than a dozen recently representative popular assets, Bitget ranks first at 0.0144%, with Binance following closely at 0.0145%, placing the two essentially at the same level; OKX stands at 0.0154%, and Bybit at 0.0237%.

Odaily reports: 1inch co-founder Sergej Kunz stated that 1inch has processed a cumulative token swap trading volume of approximately $809 billion since its founding in 2019, but the company has still not achieved profitability to date. Kunz believes that the current DeFi market size is still insufficient to support the platform in generating large-scale revenue by extracting value, and that rather than pursuing short-term profits, 1inch prefers to continue building infrastructure.

Kunz revealed that 1inch is addressing the issue of DeFi liquidity fragmentation through its newly launched shared liquidity protocol, Aqua. Research commissioned by 1inch from Dune shows that in the first half of 2026, about 85% of concentrated liquidity on major decentralized trading platforms was in a state of low utilization. Of the $1.84 billion in tracked liquidity, approximately $1.6 billion was underutilized, with an estimated $150 million in annual fee revenue left uncaptured.

Aqua allows liquidity providers to simultaneously support multiple trading pairs through wallet balances without needing to deposit assets into liquidity pools, with trade settlement completed by compliance-vetted market makers. About $25 million in funds was deployed on the protocol's first day, accompanied by 10 million 1INCH and 500,000 USDC as incentives.

Currently, 1inch has partnered with major platforms such as Coinbase, and Robinhood has also listed it as a Robinhood Chain partner. Kunz stated that 1inch prefers to build infrastructure first and seek commercialization opportunities after traditional finance and larger-scale capital enter the space.

Odaily reports, according to GMGN data, the market cap of Robinhood on-chain meme coin ASTEROID briefly surpassed $10 million, with an intraday gain of over 330%, currently at approximately $9.5 million.

Odaily reminds users that meme coin prices are highly volatile, relying mostly on market sentiment and concept speculation, with no actual value support. Investors should be mindful of asset security and participate cautiously.

Odaily News: According to Reuters, the U.S. Treasury will buy back up to $6 billion of U.S. Treasury bonds with maturities of 10 to 20 years on September 10, three times the size of the previous long-term bond buyback operation. The U.S. Treasury previously said it would at least double the size of long-term bond buybacks over the next quarter to improve market liquidity. Previously, U.S. Treasuries suffered a selloff, with the 30-year Treasury yield once rising to its highest level since 2007; after the news was announced, Treasury yields continued to rise, with the 10-year yield once touching 4.8528%, the highest since November 2023.