Blockworks research analyst Shaunda Devens said Solana meme coin launchpad PumpFun has reached $677 million in annualized revenue and has the lowest weekly revenue volatility among the top 10 protocols. According to ChainCatcher, the platform combines launchpad and DEX infrastructure while expanding into consumer-facing products, and daily trading volume on its mobile app and Terminal front end has risen 5.6 times since early July. Devens said PumpFun has generated $1.37 billion in cumulative revenue since 2024, making it the second-highest revenue-generating application this year after Hyperliquid, excluding stablecoin issuers. She said PUMP is trading at 2.8 times price-to-sales, and her valuation range for the token is $0.0108 to $0.0205, or 2.3 times to 4.4 times the current price. She added that a programmatic buyback funded by 50% of revenue is absorbing about 17.6% of circulating supply annually at current prices, while about 77% of allocated insider tokens have not moved. Devens also said the team holds about $2 billion in treasury assets. According to Devens, 96% of revenue comes from tokens with market capitalizations below $1 million, and revenue denominated in SOL is at a record high. PumpFun accounts for about 70% of Solana meme coin trading volume. Second-quarter revenue was $85.2 million, while the third-quarter run rate reached $125.4 million, up 47% quarter over quarter. Launchpad revenue contributed $87.1 million and PumpSwap contributed $38.3 million, while daily active mobile users increased from 5,600 to 34,100.

A monitored address opened a 40x leveraged long position on 911.55 Bitcoin about 10 hours ago, with a liquidation price of $76,308.6. According to Foresight News, the address has made 80 recent Bitcoin trades and posted a 92.5% win rate.

According to Jin10, the CSI Convertible Bond Index opened down 0.29%, with Jincheng Convertible Bond, Jin25 Convertible Bond, Ruike Convertible Bond, Alloy Convertible Bond, and Qizhong Convertible Bond leading declines at 4.16%, 3.04%, 2.55%, 2.21%, and 2.15%, respectively. Youcai Convertible Bond, Guiran Convertible Bond, Lanxiao Convertible Bond 02, Sanjiang Convertible Bond, and Kema Convertible Bond led gains at 15.96%, 1.69%, 0.94%, 0.78%, and 0.76%, respectively.

名人发币难逃归零，MEME周期终会退潮，别把炒作当投资。

Three listed companies were flagged for unusual moves at 9:20 a.m., according to ETNet. J&T Express-W (01519) fell 3.60% to HK$9.10, hitting a one-month low and extending its losing streak to four sessions for a cumulative decline of 6.23%. Zijin Mining (02899) dropped 3.86% to HK$35.90, while CMOC Group (03993) lost 4.27% to HK$16.60. Zijin Mining and CMOC Group both fell for a second straight session, with cumulative declines of 4.52% and 6.74%, respectively.

Traders are adding bearish bets on India’s short-term bonds as they expect yields to rise, according to Bloomberg. The wagers come as the central bank moves to drain excess cash from the banking system.

Beijing-based jewelry chain Qianye Jewelry has been accused of delaying employee wages, while staff also say senior management has gone out of contact, according to Jiemian News. Former employee Zhang Xuan said he worked at the company from May to August 2026 and received only his May salary in mid-July, with pay for the other three months still unpaid. He said many employees went to labor arbitration over the issue, and screenshots he shared showed more than 60 people in an employee rights group. Jiemian News also reported that it could not reach the company by phone or email. Zhang said he was told on September 7 that “the boss disappeared” and that bank staff had arrived, while internal rumors claimed the owner had fled to Thailand. The company’s self-operated e-commerce business has largely stalled, with its Tmall store removing all products and no brand stores found on JD.com, Douyin or Pinduoduo. Its Beijing physical stores said they were franchise outlets and were operating normally. Founded in Beijing in 2001 and listed on the New Third Board in 2015, Qianye Jewelry is controlled by Lin Mingjie, Gao Xiaosong and Lin Huixian, who held 52.37% of the company as of the end of June 2026. The company has been shrinking its self-operated business and shifting toward a lighter franchise model. Its revenue fell 43% year on year to 438 million yuan in 2025 and dropped another 26% to 213 million yuan in the first half of 2026. At the end of June 2026, it had 86 employees, 93 yuan in cash, 1.535 billion yuan of inventory and short-term debt that remained in the hundreds of millions to billions of yuan range.

Adobe reported third-quarter fiscal 2026 revenue of $6.76 billion, up 13% year on year, with GAAP net income of $1.83 billion and GAAP diluted earnings per share of $4.62. Non-GAAP diluted EPS came in at $6.13, according to Jiemian News. The company said annual recurring revenue from its AI business grew more than 150% from a year earlier, while monthly active users of its creative and productivity products surpassed 1 billion. Adobe also raised its full-year fiscal 2026 outlook, forecasting revenue of $26.576 billion to $26.626 billion and GAAP EPS of $18.12 to $18.17.

随着TradeXYZ持续上新交易市场，其在交易所内的交易量占比不断走高。每新增一个交易市场都会带来净新增用户，全年数次宏观层面的驱动因素进一步加速了这一增长。

Polymarket’s “Over” option in the “Pittsburgh Pirates vs. Chicago White Sox” market for “O/U 7.5” fell sharply from 51.5% one hour earlier to 16%, a 35.5 percentage point drop. According to ChainCatcher, the move may reflect the impact of a sudden news event.

周五CPI公布前债市已率先行动。10年期美债收益率升至4.943%，美联储下周加息概率升至71%。市场担忧美联储可能重新收紧，而真正的关键就看CPI能否给出最后一击。

金色财经推出加密货币和区块链行业早报《金色早8点》3178期，为您提供最新、最快的数字货币和区块链行业新闻。

从机器支付轨道到自主采购网络，一场围绕「谁来装备买方」的基础设施迁移。

金色财经推出《金色Web3.0日报》，为您提供最新、最快的AI、DeFi、DAO、NFT和元宇宙行业新闻。

日本 30 年来首次突破 3% 的国债收益率正在引发全球警报。

Anthropic 上市前夕，值得关注的 AI 代币。

一笔约3.2亿美元的异常提款，把Liquid Network推上了风口浪尖。

LAPTOP 把 2% 代币送给部分 TRUMP 亏损地址，像是在补偿上一跤；但极薄的初始流动性与不对称筹码分配，又把受伤者带回熟悉的名人币陷阱。