GMGN data shows that STONK, a Solana ecosystem token, briefly reached a market cap of $9 million, surging more than 140% on the day. Its market cap was last reported at $7.7 million. Odaily cautioned that meme coins are subject to sharp price swings, often driven by market sentiment and hot events, and lack real value support. Investors should remain cautious.

Binance spot data shows sharp market swings. HFT surged 88.16% in 24 hours to hit a new daily high, while TUT gained 15.34% after bouncing off lows. SYN, ACX, STO, DOLO and AXTIB all pulled back after spiking, with losses ranging from 7.1% to 25.03%. LDO also rebounded, rising 8.14%, while GSB hit a weekly high, up 10.14%.

STONKBROKER, a project in the Robinhood ecosystem, hit a fresh high in market value after rolling out several product updates, according to BlockBeats. The move came as on-chain activity tied to Robinhood has dropped sharply in recent days, with BlockBeats attributing the slowdown to an oversupply of token launch platforms and competition from the BSC ecosystem for stock-meme market share. The project recently launched a new launchpad designed to incubate ecosystem projects and introduced Broker Box, a quasi-FWA feature that packages stock tokens into a card-draw format. BlockBeats said those updates drew attention from key opinion leaders and the wider community, including Ansem, helping push the token higher. Data cited from GMGN showed STONKBROKER’s market cap briefly exceeded $48 million earlier on Aug. 3 before easing to $42.8 million, still up more than 20% over the past 24 hours. That valuation places it as the second-largest project by market cap on the Robinhood chain, behind only meme coin CASHCAT at $43.32 million. Its related STONKBROKER NFT collection also reached a new high, with the floor price at 6.3 ETH. BlockBeats added that the project still carries significant uncertainty and high price volatility.

This week’s project updates spanned layoffs, product launches, protocol restructuring, security findings, and corporate actions across the crypto sector. Pump.fun was reported to have cut staff in early April, about two months before its first PUMP token unlock, with at least one former employee allegedly missing out on token allocations worth more than $1 million at current prices. Uniswap rolled out a beta token launch aggregation feature called Launches on Robinhood Chain and, separately, introduced Earn in partnership with Morpho, allowing users to deposit USDC, USDT, and ETH into Gauntlet-managed vaults from the Uniswap app and wallet. Aave founder Stani Kulechov said the protocol has brought in Zapper’s entire engineering team and is preparing to launch Aave Pro. At the same time, Aave plans to retire 50 low-adoption reserves, wind down deployments on Sonic, Scroll, zkSync, Metis, Soneium, and Aptos, and delist 21 expired Pendle PT positions. Other developments included 1inch opening its self-custodial liquidity layer Aqua to all users, Storj Labs filing for Chapter 11 reorganization in the United States, Metronome’s msUSD briefly trading about 11% below its peg, Ondo Finance reviewing a potential $250 million to $500 million acquisition, and Nansen’s CEO saying AI trading agents could outnumber human traders within about two years.

WEEX exchange said on July 31 that it has launched a Robinhood ecosystem rewards campaign covering five tokens: CASHCAT, HOODRAT1, STONKBROKER, TENDIES, and INDEX. Under the event rules, users who trade any of the included tokens can join a shared prize pool worth $100,000. The campaign runs from 20:30 on July 30 to 20:30 on Aug. 9, based on UTC+8. The announcement was reported by ChainCatcher as a 7x24 newsflash.

Gate’s latest market data showed the U.S. dollar gaining against both the Japanese yen and the offshore yuan, while asset performance across commodities and equity indexes split during the session. USD/JPY rose 0.65% to 160.535, and USD/CNH edged up 0.01% to 6.74814. In precious metals, gold fell 0.26% to $4,094.83 an ounce, while silver was quoted at $58.849 an ounce, up 0.7% on the day. The platform listed no fresh readings for nBVIX, the BTC volatility index, or EVIX, the ETH volatility index, with daily changes marked as unavailable. In equities, the EURO STOXX 50 climbed 1.76% to 6,361.18, while the UK100 slipped 0.16% and Germany’s DAX40 eased 0.02%. Oil prices moved lower as WTI crude fell 0.63% to $83.87 a barrel and Brent crude dropped 0.53% to $88.01. Gate also said its TradFi offering is integrated into both its app and web platform, giving users access to products tied to precious metals, foreign exchange, global stock CFDs, major indexes, and commodities.

STONKBROKER, a meme project on the Robinhood chain, climbed to an approximate market capitalization of $24.43 million as of publication, according to GMGN market data cited by BlockBeats on July 29. The token was quoted at $0.00987, while its liquidity pool stood at about $2.3 million. In the latest trading window, STONKBROKER posted a 73.63% gain over the past 24 hours and a 9.11% rise in the past hour. During the session, its market cap briefly reached around $24.57 million, extending its move to a fresh all-time high. The figures reflect continued momentum in the token at the time of writing, based on the market snapshot provided by GMGN.

Storj Labs, the decentralized cloud storage company behind the STORJ token, filed for Chapter 11 protection on July 26 in the U.S. Bankruptcy Court for the Northern District of West Virginia, case number 5:26-bk-00512. The company said the filing was driven by legacy debt rather than a breakdown in day-to-day operations, with engineering director Kaloyan Raev describing the move as a decisive and constructive step. Storj said its network will keep running during the restructuring process, token functionality will remain intact, and customer services will continue without interruption. The restructuring proposal has drawn attention because it includes a possible framework under which management, existing investors, community members, and STORJ token holders could jointly own the reorganized company. Still, the plan is short on details. No eligibility rules, snapshot date, lock-up terms, or equity allocation ratios have been released, and any final arrangement would need creditor support and court approval. Analysts cited in the report also flagged a potential conflict because Storj Labs still holds roughly 30% of the token’s 425 million total supply. The filing comes as the crypto sector faces a broader shakeout. STORJ fell about 16% in 24 hours to around $0.062, leaving the token nearly 98% below its March 2021 peak of $3.81 and putting market capitalization at roughly $28 million. The report described Storj as the fourth crypto project in a week to announce bankruptcy or closure-related action.