24H Hot Coins and Headlines | "Niu Lai" Market Cap Briefly Surpassed $49 Million Before Pulling Back; Unitree Technology to List on August 19 (August 18)
- Key Takeaway: This round of market data shows an overall uptick in the crypto market, with the BSC ecosystem Meme coin "Niu Lai" delivering a standout performance. At the macro level, progress continues on the U.S. stablecoin regulatory framework, and interactions between traditional financial institutions and the crypto industry are deepening. In the primary market, the AI sector is seeing active fundraising activity.
- Key Elements:
- Among the Top 10 CEX trading pairs by volume, TUT (+39.87%) and ACE (+14.39%) led the gains, while BTC and ETH rose 2.26% and 1.58%, respectively. On OKX's gainers list, CSPR (+15.81%) took the top spot, with multiple crypto-equity related stocks surging over 20%.
- The BSC-chain Meme coin "Niu Lai" saw its market cap briefly surge past $49 million before retreating to approximately $37.73 million, recording a 24-hour gain of 237.4%. The rally was fueled by the counter-culture popularity of the summer blockbuster film "Niu Lai."
- The U.S. Treasury released a draft of implementation rules for the GENIUS Act governing stablecoins and opened it for public comment, proposing that payment stablecoin issuers obtain federal or state-level licenses starting January 18, 2027.
- Compound Finance approved a record $52 million budget, while the protocol's TVL has fallen from its 2021 peak of $12 billion to $1.2 billion. The strategic pivot is now geared toward institutional clients and RWA product development.
- Funding activity in the AI sector remains robust: voice interaction company Wispr closed a $280 million Series B round (at a $2 billion valuation); chip company Groq raised $350 million but saw its valuation halve to $3.5 billion; and video platform Higgsfield secured $400 million in funding, with annualized revenue reaching $700 million.
- JPMorgan maintains multifaceted cooperation with Polymarket and plans to participate in its IPO underwriting. Hyperliquid's policy center submitted a comment letter to the SEC supporting the repeal of the "trade-through rule."
- Glassnode co-founder noted that BTC's implied volatility is at an all-time low of 2%, yet the "volatility value trap score" stands at 91/100. Options pricing implies volatility roughly 1.5 times the actual volatility, suggesting investors may be paying an excessive volatility premium.
1. Popular Coins on CEX
CEX Trading Volume Top 10 and 24-hour Change:
- BNB: +0.17%
- BTC: +2.26%
- ETH: +1.58%
- TUT: +39.87%
- SOL: +1.91%
- EURI: +0.16%
- XRP: +0.52%
- ACE: +14.39%
- TST: +8.60%
- HEMI: +8.81%
24-hour Gainers (Data source: OKX):
- CSPR: +15.81%
- ACE: +12.61%
- xCBRS: +13.47%
- AEON: +12.83%
- SNT: +11.79%
- COMP: +11.71%
- ZEUS: +8.43%
- OFC: +8.52%
- xSNDK: +8.38%
- ALLO: +8.59%
24-hour Tokenized Stock Gainers (Data source: msx.com):
- AXTX.M — +33.39%
- VCX.M — +26.16%
- $NSXX.M — +20.32%
- AEHG.M — +16.90%
- AXTI.M — +16.96%
- CBRS.M — +15.44%
- COHX.M — +14.64%
- HIVE.M — +13.75%
- FIGR.M — +13.71%
- SWMR.M — +12.93%
2. Top 5 On-chain Meme Coins (Data source: GMGN):
- BONKCAT
- Odyssey
- Lao Tzu
- RED
- Zoe
Headlines
"Niu Lai" Market Cap Briefly Surges Past $49 Million Before Pulling Back, Up 237.4% in 24H
According to GMGN data, the BSC ecosystem meme coin "Niu Lai" briefly surged past a $49 million market cap to a new all-time high before pulling back. It is currently reported at $37.73 million, up 237.4% in 24 hours.
JPMorgan terminated its banking partnership with Polymarket last year due to regulatory risks but has not completely severed ties. The bank maintains multifaceted cooperation and is interested in participating in Polymarket's future IPO underwriting. Sources say JPMorgan "doesn't want to burn all bridges," while Polymarket states the two parties continue to maintain a close and active working relationship. (ibtimes)
Unitree Robotics: Shares to List on Shanghai Stock Exchange STAR Market on August 19
Unitree Robotics announced that its shares will be listed on the STAR Market of the Shanghai Stock Exchange on August 19, 2026. (Jin Shi)
Industry News
Iran: Deadline Set for US to Fulfill Memorandum of Understanding
Senior Iranian officials stated that a multi-week deadline has been set for the US to fully implement the Iran-US memorandum of understanding. As efforts to reach a permanent ceasefire agreement with the US have stalled, Iran has shifted its policy from defensive to fully offensive and is prepared to escalate tensions in the Strait of Hormuz if diplomacy fails. The 60-day negotiation window stipulated in the memorandum expired on August 17, with the two sides deeply divided on issues such as the strait and no substantial progress achieved. (CCTV News)
SanDisk Stock Gains Expand to 8.7%, Hitting Highest Level Since July 14
According to MSX.COM data, SanDisk's stock price gains expanded to 8.70%, reaching $1,784.159 per share, hitting a new high since July 14, with a total market capitalization of $260.5 billion.
US Treasury Seeks Public Comments on GENIUS Act Stablecoin Implementation Draft
The US Treasury has issued a Notice of Proposed Rulemaking for the implementation details of the GENIUS Act and is seeking public comments, clarifying what constitutes "issuing payment stablecoins in the United States" and the determination standards for selling stablecoins to "persons within the United States." It is expected that starting January 18, 2027, issuers of payment stablecoins will generally be required to obtain federal or state licenses. The comment period is 60 days.
Project News
Compound Finance Approves Record $52 Million Budget, Shifts Focus to Institutional Clients
Compound Finance has completed a leadership transition and approved a record $52 million budget. The protocol's TVL has fallen from its 2021 peak of $12 billion to $1.2 billion. The protocol is now pivoting to serve institutional clients, developing real-world asset products, partner integration solutions, and credit infrastructure to meet traditional finance compliance standards. (CoinDesk)
BSC Meme Coin "Niu Lai" Market Cap Briefly Surpasses $46 Million, Setting New All-Time High
According to GMGN data, the BSC meme coin "Niu Lai" briefly surpassed a $46 million market cap, setting a new all-time high, and is currently reported at $43.8 million. The token gained popularity after the summer blockbuster film "Niu Lai" went viral for its poor animation quality and low box office performance.
Hyperliquid Policy Center Announces Support for SEC's Repeal of "Trade-Through Rule"
Hyperliquid Policy Center, along with Douro Labs, has submitted a joint comment letter to the SEC supporting the repeal of Rule 611 of Regulation NMS, the "trade-through rule," and recommending that the SEC establish clear best execution guidance for on-chain trading, recognizing independent price reference data (such as Pyth Network) based on transparent, manipulation-resistant mechanisms.
Fundraising
AI Voice Interaction Company Wispr Raises $280 Million in Series B, Led by Menlo Ventures
Wispr has completed a $280 million Series B funding round at a $2 billion valuation, led by Menlo Ventures with participation from Notable Capital, NEA, and others. Total funding has reached $361 million, which will be used to expand the R&D team and develop voice interaction products. (Pulse2)
AI Chip Startup Groq Raises $350 Million, NVIDIA Participates
Groq has completed a $350 million funding round at a reduced valuation of $3.5 billion, approximately half of its valuation from nearly a year ago. The round was led by Disruptive, with NVIDIA participating. The company is transitioning from AI chip development to operating as an AI data center provider, serving AI model inference demands. (Bloomberg)
AI Video Platform Higgsfield Raises $400 Million at $5.4 Billion Valuation
AI video generation platform Higgsfield has completed a $400 million funding round at a $5.4 billion valuation, with participation from DST Global, Goldman Sachs, Intel, and others. The company has over 30 million users across 238 countries and regions, with annualized revenue reaching $700 million. It previously raised $80 million at a $1.3 billion valuation. (FT)
Notable Voices
Citadel Securities: Fed Policy May Keep Treasury Yields Elevated, Long-Term Rate Risks Rising
Citadel Securities stated that the Fed's current policy path is pushing long-term Treasury yields to multi-decade highs, with the 30-year US Treasury yield briefly rising to 5.28%, the highest level in 19 years. The firm believes inflationary pressures have not subsided and prefers hyperscale cloud providers with computing infrastructure advantages like Microsoft and Alphabet in the AI space, rather than frontier AI model developers.
HSBC: Fed Balance Sheet Reduction Will Make Treasuries More Dependent on Price-Sensitive Buyers
HSBC strategist Dhiraj Narula and economist Ryan Wang stated that if the Fed reduces its Treasury holdings, and if the growth of System Open Market Account holdings fails to keep pace with the growth of Treasury supply — whether due to quantitative tightening or modest portfolio growth — price-sensitive investors will ultimately need to absorb a larger share of government financing needs.
Glassnode co-founder Rafael Schultze-Kraft stated that BTC implied volatility is in the lowest 2% of its historical distribution, yet the volatility level priced by the options market remains approximately 1.5 times actual market volatility. His constructed "Volatility Value Trap Score" has reached 91/100, the highest level in over 3.5 years, indicating that investors may be paying a relatively high volatility premium.
