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STONK on Solana briefly tops $150M market cap as meme token climbs over 430%

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STONK, a Solana-based meme token, briefly eclipsed a $150 million market capitalization before retreating to around $136 million. The 24-hour move represents a gain of more than 430%.

Odaily notes that STONK enables users to issue meme tokens and pair them with tokenized real-world assets, including tokenized stocks and pre-IPO stock tokens.

Solana co-founder Anatoly Yakovenko previously shared posts about STONK and asked, "What is Stonk Token?"

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Nike Exits S&P 100 as Four Tech Stocks Join the Index

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Nike is scheduled to exit the S&P 100 on September 21 as part of the quarterly rebalance by S&P Dow Jones Indices.

From the S&P 500, Dell Technologies, Palo Alto Networks, Arista Networks and SanDisk are added to the S&P 100.

Concurrently, Honeywell Aerospace, Simon Property Group and Colgate-Palmolive will depart the index.

The rebalancing continues to tilt the benchmark toward chips, cloud hardware and cybersecurity names.

Nike will remain in the S&P 500.

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Musk Defends Wealth Tied to SpaceX and Tesla in Sanders Dispute

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Elon Musk said his wealth is tied to SpaceX and Tesla stock rather than cash holdings, asserting that the fortune tracks the companies’ market value.

Senator Bernie Sanders has argued that Musk’s net worth is greater than that of the bottom half of American households and has supported a proposed tax on AI giants intended to seed a $7 trillion public fund, according to BeInCrypto.

Musk added that shareholders and retirement funds benefit when the companies’ value increases, framing the wealth as investment-based rather than tied to liquid assets.

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NIP Favored Over LGD in LPL Playoff Showdown

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The LPL playoff clash between NIP and LGD is shaping up as a favorite-vs-underdog matchup, with predict.fun listing NIP at a 65% win probability.

Odaily notes that the loser of the best-of-five at 5 p.m. today will be eliminated from the playoffs, while the winner advances to face Invictus Gaming (IG) in the next round for a berth in the bubble stage.

NIP reached this point by sweeping JDG 3-0 in the lower-bracket first round yesterday and had previously eliminated EDG by the same 3-0 margin during the Knights Road stage.

LGD earned their place in the lower bracket after a 3-2 comeback over TES in the first playoff round, then were defeated 3-1 by AL in their following match.

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Binance Wallet Updates LP Zap, Markets Page, and Web3 API Features

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Binance Wallet announced updates across its wallet, web, and API tools, outlining enhancements to LP Zap, the Markets page, tokenized securities, and the Extension, as well as improvements to the Web3 API.

LP Zap now supports additional EVM-compatible blockchains, and the LP pop-up has been upgraded with a range view and liquidity removal functions.

The Markets page has been refreshed with three sections: Overview, Meme, and Stocks.

The Tokenized Securities detail page now supports perpetuals trading and Square, and the Extension now supports Dust Conversion.

The Web3 API has been updated to include BSC DeFi, B402 payments, and permissions.

On the web version, token notification pop-ups now display market cap information, and search now supports one-click purchases through Flash Buy. Token detail pages also now support customizable metrics.

The release notes did not provide additional details beyond the listed feature changes.

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AI reshapes liquidity provision, but meme coin trading still driven by human judgment, says Ignas

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DeFi researcher Ignas said on X that the AI era has not fundamentally changed how meme coins are traded. Odaily reports that Grok generally bases meme recommendations on historical signals such as viewer counts, trading volume, and post activity on X.

Ignas emphasized that successful meme coin trading still depends on human judgment about a project’s breakout potential, including market sentiment, community dynamics, narrative appeal, and whether influential promoters suddenly back it. He noted that staying online around the clock to monitor sentiment still outpaces asking AI once per day what to buy.

Beyond trading, Ignas described AI as altering liquidity provision approaches. He described an AI agent that can automatically scan liquidity pools and evaluate metrics like trading volume, fee behavior, liquidity depth, and viable price ranges. While the methodology is still being refined, he said the framework is capable of continuous improvement and compounding returns over time.

He added that if meme coin trading and constant online monitoring aren’t ideal, using AI to learn and execute liquidity provision strategies could be a more approachable skill to master.

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US Drafts Postwar Iran Containment Strategy for the Middle East

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The U.S. government is drafting a postwar strategy aimed at containing Iran, seeking to rally regional partners and push for normalization with Israel, according to Jiemian News.

Two U.S. officials and two other people familiar with the matter said the plan remains in an early stage and could require several more weeks to complete.

The draft identifies three main elements: building a regional front to contain Iran with the United States as guarantor; advancing the second phase of the Gaza peace plan to help Israel reach security arrangements with Syria and implement a ceasefire framework with Lebanon; and expanding the Abraham Accords to bring Israel into closer relations with additional Arab states, notably Saudi Arabia.

The plan is intended to guide U.S. Middle East policy in the final two years of President Donald Trump's term after the war ends.

The report noted that Israel's October 27 election and the U.S. congressional midterms in November could affect the plan. It also stated that Israeli Prime Minister Benjamin Netanyahu has publicly rejected the Gaza peace plan, while Israeli forces continue strikes in Lebanon and Syria and have not fully withdrawn.

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JD Insurance Advisory Launches Hong Kong Offline Service Center

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JD Insurance Advisory (Hong Kong) has opened an offline service center in Hong Kong, situated on the 16th floor of One Peking, a building that houses many insurers, according to Ming Pao.

The move follows Ming Pao's October report that JD.com, listed with ticker 9618, had entered Hong Kong's insurance brokerage sector, though no major developments had been seen up to now.

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Polymarket Bitcoin Sept. 6 80,000 Yes Odds Plummet

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Catcher Predict monitoring tracked the Polymarket submarket 80,000 within the Bitcoin breaks through on September 6 event, showing a rapid swing in its Yes odds.

ChainCatcher reported the probability dropped from 46.5% an hour earlier to 26.5% at present, a roughly 20 percentage-point decline.

The analysis noted that related breaking news may have influenced trading sentiment in the market.

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