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Crypto KOL Ansem stated that traditional financial companies often lag when integrating new cryptocurrencies, as management tends to see relevant data later.He believes that Robinhood's current stock price has been gaining momentum from the bottom area, while its crypto business is launching a layer two blockchain, which is expected to bring significant new sources of revenue. Therefore, he is optimistic that HOOD will reach an all-time high in the fourth quarter, rising about 50% from the current level.

Digital asset management company Grayscale stated that by the end of 2025, the proportion of company stocks held directly and indirectly by American households' financial assets will reach 46.71%, up from 43.99% a year ago. Grayscale's research director Zach Pandl pointed out that the increase in stock asset concentration and high valuations has enhanced the opportunity for cryptocurrency to be used for portfolio diversification.Grayscale indicated that the long-term earnings growth expectation for the S&P 500 index rose to over 25% on August 28, significantly higher than the historical range concentrated between 10% and 15%. The agency believes that after the market adjustment, the valuation, leverage levels, and investors' long positions in cryptocurrency assets have all decreased.Data released by Grayscale shows that the 90-day correlation between Bitcoin and the Nasdaq 100 index has dropped from over 60% to about 33%, while its correlation with gold has risen from nearly 0 to over 50%. Grayscale also noted that Bitcoin's historical volatility is higher than broad equity indexes and does not always serve as a safe-haven asset.

On Wednesday, the stock price of Nasdaq-listed company Farmmi surged from Tuesday's closing price of $0.1187 to a high of $0.5, with an intraday increase of about 321%. The trigger was a Memecoin named after the mushroom varieties in the company's annual report (Money Mushroom, code JINQIAN) starting to trade against its so-called "tokenized stock" FAMI on the Robinhood Chain.However, on-chain data shows that FAMI is not an official stock token from Robinhood: its total supply of 37,430,000 tokens (close to the total number of Farmmi's circulating shares) was generated in a one-time minting during the creation of the trade, with the deploying wallet retaining 38% and deploying a contract named PoolRepricer to manage the price itself, with no further changes to the supply thereafter. This token has no issuer, no redemption mechanism, and is completely unrelated to real Farmmi stock. In contrast, the official stock tokens from Robinhood are issued by Robinhood Assets (Jersey) Limited, and only authorized participants can subscribe and redeem.In terms of market performance, FAMI reached a high of $1.83 in the USDG pool, and as of 2:28 p.m., it was priced at $0.2135, a 45% premium over the stock price, with a total trading volume in the related pool reaching $131.4 million; the trading volume of JINQIAN against the FAMI pool was about $92 million, and at least 10 more Memecoins were launched within the following 30 minutes.

Ondo Finance is urging U.S. regulators to bring the business of perpetual contracts anchored to individual stocks under regulation, asserting that this product can operate in compliance under the existing securities and futures framework without new rules. In three comment letters sent to the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) on August 24, Ondo stated that existing rules can accommodate stock perpetual futures while considering modern margin practices and on-chain listing data. Ondo mentioned that its affiliated company in Panama has been offering stablecoin-settled perpetual contracts anchored to U.S. stocks overseas, with a cumulative trading volume reaching $8 billion as of August 14 since its launch in June.Ondo believes that regular funding rate payments can keep perpetual contracts aligned with the underlying stock prices, functioning similarly to the expiration settlement of traditional futures. In the letter, Ondo stated that there are no provisions in the statutory definition of securities futures products that require a fixed expiration date to be set. The company also pointed out that many offshore perpetual contracts have underlying stocks primarily traded on U.S. exchanges, and bringing the related business back to the U.S. should be a direction actively promoted by both agencies. According to RWA.xyz data, Ondo is one of the largest managers in the tokenized real-world assets (RWA) space, with an allocated value of approximately $2.6 billion as of Wednesday, ranking fourth.Ondo's proposal comes as U.S. regulators are re-examining the existing market rules for on-chain products, including perpetual contracts and tokenized securities. In March of this year, the SEC and CFTC signed a memorandum of understanding to coordinate regulation in overlapping areas of jurisdiction.

Bloomberg ETF analyst Eric Balchunas posted that over the past 6 months, Bitcoin's correlation with the U.S. stock market has been lower than that of gold, small-cap stocks, emerging market assets, and U.S. Treasuries.He stated that Bitcoin's historical correlation with U.S. stocks has roughly maintained around 0.4, while gold and U.S. Treasuries have seen a significant increase in their linkage with U.S. stocks recently.Balchunas noted that although this time window is relatively short, it is sufficient to refute the claim that "Bitcoin is just another QQQ."

Cryptocurrency exchange Backpack announced that users can now use Micron and SanDisk stocks as collateral to deposit into a unified investment portfolio margin account that covers stocks, cryptocurrencies, and other assets. Stock holdings can be used for USD lending, contract trading, and spot margin.Backpack had previously provided 24/7 trading services for some U.S. stocks to international investors, who have complete ownership of the traded U.S. stocks and can perform 1:1 bridging between traditional securities and tokenized assets on Solana. The newly added collateral is limited to the two stocks mentioned above, and Backpack has also launched perpetual contracts for MU, SNDK, SPY, and QQQ. Backpack stated that more assets will be launched in the future, but did not disclose a specific timeline.

According to LatePost, Moon's Dark Side (Kimi) has submitted an A1 application to the Hong Kong Stock Exchange in a confidential manner, officially starting the IPO process for Hong Kong stocks. At the same time, the company is advancing a new round of financing with a pre-IPO valuation of approximately $50 billion, expected to be the last round before the IPO.The report cites public and market information stating that Kimi has accelerated its model iterations this year, successively releasing K2.5, K2.6, and K3, and updating at a pace of about one version every three months.On the revenue side, Kimi's ARR broke $100 million in early March this year and increased to around $300 million by mid-June; after the release of K3, the enterprise ARR saw several times growth. With the increase in usage and computing power demand, Moon's Dark Side has raised its valuation from about $4.3 billion at the end of 2025 to the current approximately $50 billion through multiple rounds of financing.

According to Gate market data, U.S. stocks opened with the Dow Jones up 0.37%, the S&P 500 index up 0.09%, and the Nasdaq down 0.02%.Most popular Chinese concept stocks fell, with NIO Inc. (NIO.N) down nearly 4%, Bilibili Inc. (BILI.O) down over 1%, and JD.com (JD.O), NetEase (09999.HK), and Baidu Inc. (BIDU.O) down over 0.5%.

According to Bloomberg, David Bailey, the cryptocurrency entrepreneur who helped Trump shift to supporting Bitcoin, is trying to rebuild his business after the stock price of his Bitcoin treasury company, Nakamoto, has fallen about 99% from its peak. Previously, Bailey raised approximately $760 million for the publicly listed company to establish Bitcoin reserves.Nakamoto announced its entry into the public market through a merger in May 2025, and since then, the stock price has cumulatively dropped about 99% from its high. This trend is also part of the overall correction of digital asset treasury companies, as the premium investors previously paid to indirectly hold Bitcoin through a listed company has largely disappeared.Bailey's hedge fund had previously achieved a 640% return when investing in similar strategies. He stated that he still occasionally keeps in touch with the White House and is trying to prove that, after the significant drop in stock price, Nakamoto still has a sustainable real business.

Bitget launches the 3rd phase of US stock FCN (Fixed Coupon Notes). The discount rate for this phase is 15%, with the underlying assets and reference APR range for Intel INTC 18%--21% and Tesla TSLA 12%--14.6%. The fundraising ends on September 3 at 16:00 (UTC+8), and the product quota is limited, available on a first-come, first-served basis.Bitget is also conducting a limited-time cashback event, where users can receive corresponding cashback after their cumulative subscription amount reaches a specified tier, with a maximum of 10,000 USDT per person. The event ends on September 18.This FCN is a structured financial product linked to a single US stock rToken. Users subscribe using USDT and choose the target US stock, with the buying execution price determined by the closing price of the US stock on the fundraising end date multiplied by the discount rate. At maturity, if the observation price is not lower than the execution price, the USDT principal and fixed interest will be returned; if it is lower than the execution price, the principal will be converted to the corresponding rToken at the execution price, while still receiving fixed interest.

On September 2, 2026, at 20:00, the Coin Security Warehouse Leverage, Unified Account Model, and Unified Account Professional Version will add 4 new bStocks tokens---Seagate (STXB), ProShares UltraPro Short QQQ (SQQQB), Moderna (MRNAB), and CrowdStrike (CRWDB)---as eligible collateral assets. Eligible users can use these tokens as margin collateral.

According to Euronews, Taiwan's stock market surged by 59% in the first half of this year due to a spike in demand for AI hardware, with chip giants like TSMC being the main drivers. Driven by high return expectations, a large number of ordinary people borrowed money to enter the market through bank loans and mortgage properties, with the scale of margin trading increasing by nearly 20% compared to the first half of the year.Some investors have made substantial profits, such as Mr. Chen, a real estate practitioner, who borrowed 5 million New Taiwan dollars and quadrupled his assets within six months; however, others have suffered significant losses, with one anonymous user claiming to have invested over 10 million New Taiwan dollars (including 6 million in mortgage loans) and lost nearly half, even experiencing mental health issues.Taiwan's Financial Supervisory Commission stated that the overall credit risk remains within a controllable range and has released videos on social media to warn young investors about the risks of loan defaults.

Binance will launch the bStocks tokenized securities trading pairs on September 2, 2026, at 20:00: CrowdStrike (CRWDB), Moderna (MRNAB), ProShares UltraPro Short QQQ (SQQQB), and Seagate (STXB). The spot algorithm trading bot will be activated simultaneously with the spot listing, and the smart holding bot will be enabled within 24 hours after the launch.Users can exchange bStocks for BTC, USDT, or other supported tokens without fees within one hour after the launch. During the event, CRWDB/USDT, MRNAB/USDT, SQQQB/USDT, and STXB/USDT will enjoy zero maker fees until October 1, 2026, at 07:59.

According to Bloomberg, AI model developer MiniMax Group Inc. became the most popular Hong Kong-listed stock among mainland investors last month. Mainland investors bought MiniMax shares worth HKD 10.6 billion (approximately USD 1.4 billion) through the Stock Connect in August, surpassing Alibaba Group Holding Limited and Tencent Holdings Limited.Since the stock became eligible for trading under the Shanghai-Shenzhen-Hong Kong Stock Connect on August 6, southbound investors have accumulated a 9.7% stake in this AI startup.

DeFiprime founder Nick Sawinyh analyzed that the Meme coin issuance platform on the Robinhood Chain is massively using tokenized stocks as paired assets. As of September 1, approximately 17.2% of the on-chain supply of 19 high liquidity Robinhood stock tokens is locked in 432 pools that use stock tokens as quoted assets, contributing 31.3% of the DEX trading volume of related stock tokens in the past 24 hours. The four issuance platforms Long, Bankr, Flap, and PAIR have set stock-paired Meme coins as default products.Among them, the AI/NVDA pool holds 8,783 NVDA (accounting for 16.2% of the total on-chain tokenized NVDA), with a 24-hour trading volume of about $6.2 million; the BONER/HIMS pool holds 37,172 HIMS (accounting for 50.4% of the total HIMS on the chain), with a trading volume of about $12.5 million. This mechanism has led to significant premiums for some tokenized stocks over the weekend (when issuers cannot issue more), with HIMS once trading at a premium of 112% compared to the NYSE closing price. The TVL of the Robinhood Chain has nearly doubled since August 1 to $740 million, with on-chain DEX daily trading volume reaching $1.49 billion on August 31. The analysis points out that 9 stock tokens have an on-chain circulating market value of less than $1.5 million, and a single Meme coin pool can absorb a large proportion of the circulating supply. This analysis is based on specific block snapshot data, with prices and pool balances changing rapidly.

Announcement from the Robinhood chain issuance platform Long.xyz: In the past 24 hours, the trading volume of tokenized stocks on the Robinhood chain has exceeded $425 million, and the current stock TVL is close to $12 million, accounting for about 20% of the total stock TVL on the chain.Long.xyz is an emerging issuance platform on the Robinhood chain, where users can issue Meme tokens and directly pair them with tokenized stocks (such as NVDA, AAPL, TSLA) instead of pairing with USDC or ETH, thereby bringing trading volume and liquidity to tokenized stocks.

BitcoinTreasuries.NET indicates that Strive's SATA has raised enough funds to purchase 104 bitcoins.

According to The Block, Hyperliquid's block trading layer Silhouette launched its Request for Quote (RFQ) trading system on the mainnet on Tuesday, initially supporting tokenized stocks from Payward's tokenized stock framework xStocks. Silhouette stated that the system allows traders to initiate quote requests for any supported xStock and receive competitive quotes from connected market makers, with winning trades able to settle on-chain at any time and in any size.The RFQ system enables trading of supported xStocks without a dedicated order book, and tokens that generate sufficient trading activity can subsequently be upgraded to an independent HyperCore market. Silhouette founder Chandler De Kock mentioned that while tokenized stocks continue to go on-chain, they mostly lack trading venues, and market makers compete for each trade, with settlement completed on-chain, proving that assets with real liquidity will be upgraded to their own HyperCore market.xStocks was launched in June 2025 and is said to have processed over $40 billion in total trading volume, covering more than 200,000 holders, with nearly $20 billion settled on-chain. The platform issues publicly listed stock tokens pegged 1:1, and its business has expanded from U.S. stocks to European and Asian markets. RWA.xyz data shows that the existing tokenized stocks amount to approximately $2.53 billion, with xStocks accounting for about $620.1 million, ranking as the third-largest issuer, following Ondo (approximately $856.3 million) and bStocks (approximately $621.5 million).

According to Gate market data, U.S. stocks opened with the Dow Jones down 0.64%, the S&P 500 index down 0.71%, and the Nasdaq down 1.31%.Star tech stocks fell broadly, with Intel (INTC.O) and Qualcomm (QCOM.O) down nearly 3%, AMD (AMD.O) and Meta Platforms (META.O) down over 2%, and Tesla (TSLA.O), Alibaba (BABA.N), and Nvidia (NVDA.O) down nearly 2%.