According to BlockBeats, on August 17th, GMGN monitoring showed that the trading volume of the Meme coin "Niu Lai" on the BSC chain exceeded $44 million in the past 24 hours. The trading volume of a single coin is close to that of the entire Meme coin sector on Robinhood Chain. The market value has slightly declined, temporarily reported at $35.2 million.

According to CoinGecko data, the total trading volume of Robinhood Chain Meme in the past 24 hours was approximately $53.2 million, and the trading volume of "Niu Lai" alone is about 83% of that.

Compared to mainstream crypto assets, their trading activity is also among the top tier. CoinGlass spot trading volume data shows that HYPE and DOGE had trading volumes of approximately $53.83 million and $44.7 million respectively in the past 24 hours, ranking 12th to 14th in the entire market.

Based on a trading volume of $44 million, "Bull" is approaching DOGE; if included in the CoinGlass spot trading volume ranking using the same criteria, its trading volume may rank around 15th in the entire market.

BlockBeats Note: Mem coin trading is highly volatile, largely dependent on market sentiment and hype, and has no real value or use cases. Investors should be aware of the risks.

According to BlockBeats, on August 17, Piper Jaffray raised its target price for PayPal (PYPL.O) from $42 to $59.

According to BlockBeats, on August 17th, BitMart employees publicly called on management and relevant personnel to provide a public response by August 19th regarding issues such as restricted withdrawals of user assets and unpaid salaries and compensation for employees. The open letter stated that many users are still unable to withdraw their assets, and some employees have not received their final month's salary and due compensation. In this context, simply issuing announcements such as "cease operations" will not resolve the actual problems faced by users and employees. The employees demanded that BitMart disclose verifiable information about its wallets, assets, liabilities, and available reserves, and explain when the platform became aware of the funding and withdrawal issues, who made the relevant decisions, and whether it continued to encourage users to accept or trade funds despite knowing the risks.

The open letter also demands an investigation into related accounts, affiliated companies, trusts, and other financial arrangements connected to BitMart user assets, and specifically requests clarification from the founder's partner regarding their related accounts and funds. The letter states that pending verification of information suggests BitMart accounts linked to the founder's partner may have held tens of millions of dollars in assets, with records of withdrawals in installments. The letter emphasizes that no criminal charges will be imposed on any individual until the evidence is fully verified, but demands public clarification regarding the existence of these accounts, ownership of the assets, source of funds, destination of transfers, and whether they are related to BitMart user assets. It also calls for an independent investigation into the flow of funds. Furthermore, the letter demands that BitMart promptly settle outstanding salaries and compensation owed to employees, arguing that ordinary employees should not bear the consequences of management's business decisions.

Furthermore, the open letter demands that BitMart publish a user repayment plan with a clear implementation timeline by August 19th, including the remaining asset size, total liabilities, the expected recoverable percentage for users, the repayment order, the start and completion dates, and the oversight mechanism, and explicitly requests an independent third-party audit. The letter states that if a complete, transparent, and verifiable asset description and repayment plan are not obtained by that time, it will consider submitting existing information, funding leads, and relevant evidence to law enforcement agencies, regulatory bodies, lawyers, and the media to push for further investigation.