Odaily News, glassnode report: The short squeeze in mid-August drove Bitcoin's rebound, pushing it above $80,000 on August 27. However, the price subsequently encountered resistance in the long-term supply zone above, retreating to around $76,000 and triggering a series of long liquidations. Currently, the $83,000-$86,000 range has accumulated a large number of potential short liquidation positions, while the $60,000-$63,000 zone below holds undigested long liquidation clusters, leaving Bitcoin sandwiched between the two.

On-chain data shows that when Bitcoin traded near $78,000 in May this year, approximately 65% of the supply was in profit. When the price returned to the same level at the end of August, that proportion had risen to 68%. The summer redistribution of coins has pushed short-term holders' cost basis to around $71,000, and at this same price level, more profitable coins are now activated, increasing potential selling pressure. Combining cost basis and coin distribution, $62,000-$65,000 serves as an accumulation support zone, while $83,000-$86,000 represents a concentrated supply zone for long-term holders.

During the rebound, the 7-day average net inflow for US spot Bitcoin ETFs peaked at $290 million per day, but secondary market daily trading volume remained at around $3 billion, significantly lower than the previous expansion phase. Meanwhile, the yield on the US 10-year Treasury briefly fell to 4.6% following the Treasury's buyback announcement on August 19, but returned to 4.8% in just 8 trading days, hitting a new cycle high.

In the options market, short-term optimism has cooled while long-term options demand persists. Open interest for Deribit and IBIT options expiring on September 25 stands at approximately $14 billion, with a substantial portion of positions concentrated above $80,000, which could serve as an important volatility and positioning anchor in the coming weeks. Until the supply above $83,000-$86,000 is absorbed, Bitcoin will continue to trade in a range, with $62,000-$65,000 serving as the primary downside reference zone.

According to GMGN data, Solana ecosystem Meme coin SOLCAT's market cap briefly surged past $3.4 million, and is now reported at approximately $2.5 million, up over 14 times intraday.

Market attention may be related to Solana's official account recently updating its avatar. The community discovered cat-themed elements associated with SOLCAT in its new avatar, fueling a rapid rise in related Meme coin narratives.

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

Odaily News: Arbitrum DAO generated $6.19 million in revenue during the first half of 2026, primarily from Arbitrum One transaction fees, Timeboost sequencer auctions, licensing fees from expansion chains built on Arbitrum technology, and treasury management returns. The protocol's gross margin on revenue exceeded 97%, with $125 million in non-ARB assets held at period-end. The report shows that in the first half of 2026, the Arbitrum network processed 478 million transactions, with average monthly stablecoin transfer volume surpassing $70 billion. The number of token-holding addresses grew to 10.5 million, and the network ranked first in the number of on-chain RWA deployments. Robinhood Chain, which launched its mainnet in July, paid $360,000 in licensing fees to the Arbitrum Expansion Program in its first month, accounting for 35% of the DAO's revenue that month.

According to Odaily Meme Express monitoring, PEPTIDES market cap has surpassed $3.2 million on Robinhood.

PEPTIDES is tied to Eli Lilly tokenized stocks. Peptides represent a significant opportunity in the pharmaceutical sector and could become part of the narrative around Robinhood on-chain stocks and meme culture.

"Meme Express" is curated by Odaily's exclusive AI model, which screens community-hyped potential assets. Content is compiled from public information and does not constitute investment advice. Please exercise your own judgment and be aware of the high volatility risks associated with meme coins.

Odaily News: Trader 0xSun posted on X platform, stating that under normal circumstances, the logic of an on-chain stock short squeeze generally includes: Robinhood or other compliant issuers issuing tokenized stocks on-chain that are pegged to real stock prices; a certain Meme coin paired with the tokenized stock; retail investors who do not hold the tokenized stock buying the Meme coin, driving up the price of the tokenized stock serving as the underlying asset of the liquidity pool; market makers buying the underlying stock due to arbitrage opportunities, converting and minting it into on-chain tokenized stock, thereby re-pegging the price; the market makers' purchase of the underlying stock may push up its price, thereby triggering a short squeeze.

0xSun stated that the case of JINQIAN/FAMI is not so: an unknown project party issued the FAMI token on-chain and retained minting authority, leaving compliance uncertain and the liquidity pool potentially unlocked; if the issuer is not a compliant RWA issuer, FAMI is essentially just an on-chain token sharing the same name. The project issued the Meme coin JINQIAN and paired it with FAMI, with a relatively large liquidity pool. Given FAMI's extremely low market capitalization, it sparked on-chain sentiment, leading retail investors to frantically buy JINQIAN, which in turn drove up FAMI as the underlying pool asset. Some retail investors went a step further, directly buying FAMI's underlying stock, causing the stock price to rise.

He noted that this situation is somewhat similar to Bald, an early Meme coin on Base, which also had an unlocked liquidity pool but saw aggressive price pumping, ultimately ending with the developer pulling the liquidity. In hindsight, there was no deterministic logic throughout the entire process. In such cases, one can only judge for oneself whether the probability of rising without wrongdoing is higher, or the probability of going to zero through malicious actions is greater. In fact, almost all trading scenarios are like this—whenever there is excess return, there is no 100% certainty. For most people, such projects carry extremely low certainty, but correspondingly, they may also offer potential returns of dozens of times.

According to Odaily Meme Flash monitoring, the market cap of SOLCAT on Solana has surpassed $2 million.

The Solcat community has posted about the SOLCAT token, set against the backdrop of a cat-themed Meme craze on the Solana blockchain.

"Meme Flash" is curated by Odaily's exclusive AI model, selecting tokens with high community discussion potential. The content is compiled based on public information and does not constitute investment advice. Please exercise your own judgment and be mindful of the high volatility risk associated with Meme coins.

GMGN market data shows that the market caps of FAMI and JINQIAN both briefly fell below $15 million, and are currently approximately $17.39 million and $18.2 million respectively.

Crypto trader Rune has once again clarified on the X platform that a previous post about acquiring a US-listed company was "AI slop content" generated by Claude, and the data involved was not real, with figures being fabricated and exaggerated.

Odaily News: Crypto trader Rune has issued another statement on the X platform, clarifying that a previous tweet about acquiring a U.S.-listed company was an "AI slop post" generated by Claude, and that the data involved was not factual, with numbers being fabricated and exaggerated.

Rune's earlier posts promoting a plan to "tokenize Nasdaq low-market-cap stocks + Meme coins" and claiming the acquisition of a 37.4% stake in a Nasdaq-listed company were written and published by Claude. Possibly affected by this, the stock price of Nasdaq-listed FAMI (Farmmi, Inc.), as well as the prices of Meme coins JINQIAN and FAMI, all experienced significant fluctuations today.

Odaily News, Backpack officially announced that Kyle Samani, former co-founder of Multicoin Capital and early investor in Solana, has now joined the Backpack US board of directors.

Previously, Kyle Samani had publicly expressed intentions to step away from the crypto industry, signaling a gradual exit to focus on personal investments. In February of this year, he posted that "cryptocurrency is not as interesting as expected, and blockchain has limited potential," but later deleted the post.

According to GMGN data, the market cap of FAMI, a token in the Robinhood Chain ecosystem, has fallen below the $25 million mark, currently reported at $22.5 million, after previously surging over 750%.

Market attention may be linked to trader Rune's recently disclosed plan to "tokenize low-market-cap Nasdaq stocks and launch Meme coins." Rune stated that he has spent approximately $1.8 million to acquire a 37.4% stake in a Nasdaq-listed company, with plans to tokenize the related equity on Robinhood Chain and simultaneously launch a Meme coin paired with the tokenized stock. It is currently unconfirmed whether FAMI is directly related to the plan described by Rune.

Odaily reminds readers that the relevant narrative has not yet been officially confirmed, and Meme coin prices are highly volatile. Please be aware of trading risks.

Odaily News, according to MSX.COM data, Nasdaq-listed company Farmmi (FAMI) stock price has now fallen to $0.2307, after previously surging over 300%.

Odaily News: Bloomberg ETF analyst Eric Balchunas stated on the X platform that over the past six months, Bitcoin's correlation with U.S. stocks has been lower than that of gold, small-cap stocks, emerging market equities, and even U.S. Treasuries. Eric Balchunas noted that he verified the data after seeing related posts. Bitcoin's correlation has remained around 0.40, while correlations for gold and U.S. Treasuries have increased. Eric Balchunas said that although this time window is relatively short, the situation is still worth noting and does not support the claim that "Bitcoin is only correlated with QQQ."

Odaily News: According to Unipcs monitoring, Unipcs purchased approximately 3.8 million JINQIAN at 22:55 on September 2, with a total investment of $98,700 and an average purchase price of $0.0259. Among these, the two transactions amounted to approximately $49,500 and $49,200 respectively. The position is currently valued at approximately $244,000, with an unrealized profit of about $140,000 and a book return rate of 146%. The position remains held.

Odaily News, according to Lookonchain monitoring, JINQIAN reached a market cap of $70 million just 1 hour after launch. An address purchased 6.28 million JINQIAN with 8 ETH ($19K) in a single trade, then sold them for 82.54 ETH ($198K), netting a profit of 74.54 ETH ($178.6K) — a 10x return.

Odaily News: As trading activity on the Robinhood Chain continues to heat up, network fees have risen significantly, with Robinhood Chain network fees once reaching 0.026944 ETH, approximately $64.53.

GMGN market data shows that FAMI and JINQIAN both dropped over 50% in a short period, with current market capitalizations of approximately $32 million and $35 million, respectively.

Market attention may be related to trader Rune's recently disclosed plan for "tokenizing low-market-cap Nasdaq stocks + Meme coins." Rune stated that he has spent approximately $1.8 million to acquire a 37.4% stake in a Nasdaq-listed company, and plans to tokenize the related equity on Robinhood Chain, while also launching Meme coins paired with the tokenized stocks. It is currently unconfirmed whether the tokens are directly associated with the plan described by Rune.