Asia Market Daily: Arc mainnet launch drives speculative frenzy as trading volume doubles liquidity (2026/9/16)

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Arc's mainnet debut sparked a wave of meme coin trading with daily volume exceeding $127 million, more than double on-chain liquidity. Huobi HTX reported spot volume recovering 43% from August lows, while Justin Sun launched an on-chain mathematics prize. Hong Kong unveiled a five-year plan to build a gold-anchored commodity trading ecosystem.