News linked to this event type.
Odaily News – Hunter Biden, son of former U.S. President Joe Biden, responded on X to the intense price volatility of the LAPTOP Meme coin shortly after its launch, as well as related "Rug Pull" allegations. He stated that the available liquidity at launch was insufficient to meet market demand, which—combined with technical issues and "snipers" engaging in front-running—caused the price to surge rapidly before pulling back. The price has now stabilized.Hunter Biden stated that the team's token allocation is locked, no team members have sold tokens, and he personally has not received any profit from LAPTOP. Currently, LAPTOP's fully diluted valuation (FDV) exceeds $1 billion. The team is exploring ways to optimize liquidity and will continue advancing community development.He also addressed the matter of distributing LAPTOP tokens for free to users who suffered losses on TRUMP, saying that external descriptions of this as a "failure" do not reflect the actual situation, and emphasized that the project will continue to move forward in the long term.For more LAPTOP-related information, read: Biden's Son Launches Meme Coin LAPTOP, Also Plans Airdrop for TRUMP Holders.
Iranian officials stated they are prepared to respond to a larger-scale war and continue escalating their counterattacks. Trump, however, firmly maintained that Iran cannot sustain itself, predicting that the conflict will end immediately after the US midterm elections, and noted that the high oil price trend is expected to continue past the election.
Odaily News Payment technology company Visa's stablecoin settlement volume has exceeded $20 billion on an annualized basis, growing more than 15-fold from a year ago. Over 160 stablecoin-linked card programs have been launched globally, with related payment volumes increasing nearly 200% year-over-year.Stablecoin card programs require daily settlement before cardholders repay, with some programs needing only a few million dollars per transaction while settling continuously seven days a week. Visa stated that some cryptocurrency-linked card businesses are constrained by working capital adapted to continuous settlement cycles, and on-chain credit can reduce financing costs by up to 30%.Credit Coop, in partnership with Visa, launched a stablecoin-denominated revolving credit facility that has executed over 9,000 on-chain repayments. The platform has accumulated total financing exceeding $2.5 billion, processing over 3,000 borrowings and 9,000 repayments without any defaults. Visa Principal Member Rain has been using this facility to finance daily settlements since August 2023. (Bitcoin.com News)
Pump.fun announced the launch of its Custom Pairs feature on Wednesday, allowing creators to choose tokenized stocks, wrapped Bitcoin, Ethereum, and metals as quoted assets when issuing tokens, no longer limited to SOL and USDC trading pairs. The number of supported quoted asset pairs has now reached 93, covering tokenized Nvidia, Tesla, and S&P 500, among others. Custom Pairs has been rolled out in the token creation form, with bonding curve and PumpSwap protocol fees consistent with standard issuance, of which 50% of the revenue will flow into the PUMP buyback and burn contract.
Apple's fall product event unveiled the iPhone 18 Pro series and its first foldable iPhone, the iPhone Duo, with starting prices of RMB 9,999 and RMB 15,999 respectively, available from late September to late October.
Apple's official website has updated the starting prices for the iPhone 17, iPhone 17e, and iPhone Air, with all three models now priced 800 yuan higher than their launch prices.
Odaily News: Sui announced on platform X that agents can now hold independent wallets on Sui, fund themselves with tokens, and run liquidity positions to earn fees. Agents are granted scoped permissions over these wallets, with gas fees abstracted by the system. WaaPxyz operates on CetusProtocol.
The U.S. Department of the Treasury has sanctioned the guarantor of the online marketplace Xinbi, suspected of assisting Chinese cybercriminals, alleging involvement in illegal financial transactions totaling up to $24 billion since 2022. Two affiliated entities providing technical support, SafeW and Anwen, were also added to the sanctions list.
According to an official post from a16z crypto, a16z crypto has officially released Lattice Jolt, a new version of its open-source zkVM (zero-knowledge virtual machine) that fully transitions its underlying cryptography from elliptic curves to a lattice architecture, achieving post-quantum security while significantly boosting performance. Key highlights include: • Performance improvement: Proof generation speed increased by 2-3 times, reaching up to 2 million RV64IMAC cycles per second in CPU mode, and breaking through 10 million cycles per second with MacBook GPU acceleration (Apple Metal); • Smallest proof size: Proof footprint is under 100 KB, significantly outperforming other post-quantum zkVMs with sizes ranging from 200 KB to 600 KB; • Memory optimization: Memory consumption per cycle reduced from approximately 300 bytes to 200 bytes, supporting proof generation for millions of RISC-V cycles on mobile devices; • Security: Based on the standard Module-SIS assumption, providing a complete 128-bit security strength, sharing the same assumption framework as ML-DSA and ML-KEM; • New commitment scheme: The Akita polynomial commitment scheme, jointly developed by LayerZero in collaboration with institutions such as Carnegie Mellon University and the University of Southern California, replaces the original Dory scheme. a16z crypto also pointed out that hash-based SNARKs are widespread...
Odaily News, Vitalik posted on the X platform, expressing his hope to include the recursive STARK memory pool proposal EIP-8288 in the Ethereum I-star upgrade, stating that it can be seen as the next step after Frames. This solution can place quantum-safe signature data off-chain, reducing signature costs; the fuel cost of quantum-safe privacy transactions is also expected to drop from approximately 10 million to tens of thousands. The solution aggregates transaction dependencies through frames and recursive STARKs, with nodes sending one STARK of about 100 to 300KB per time cycle; the on-chain overhead is one STARK and 96 bytes per statement to be proven.
Hunter Biden’s meme coin $LAPTOP plummeted 98% within minutes of listing, having been originally pitched as a project to compensate holders who incurred losses with $TRUMP. In response, Eric Trump mocked the situation on X, posting, “Hunter should go back to painting.”
Odaily News: Brent crude was reported at $101.09 on Wednesday morning, up 3.2% on the day, marking its first time above $100 in six weeks; West Texas Intermediate crude was at $96.27. Saudi officials said Houthi militants attacked Saudi oil facilities on Tuesday morning, injuring 73 people.The U.S. Central Command destroyed five Iranian oil tankers the same day, following an attack on three on Saturday, in response to an Iranian ballistic missile strike on a U.S. warship. The crude oil market has been repricing following the escalation of related events.In Myriad's market on whether crude first hits $120 or falls to $55, the probability for the $120 side is 56.5%, up 15.1 percentage points from early September; the market has seen $12.7 million in trading volume since March. Polymarket data shows the probability of WTI hitting $100 this month is 59%, up 9 percentage points, while the probability of hitting $105 is 30%, up 25 percentage points.On Polymarket, the probability of WTI falling to $85 this month has dropped to 39%, down 33 percentage points from the previous reading, with probabilities for all levels below $85 under 10%; the probability for $55 is 1%. U.S. diesel prices rose to $5.94 per gallon on Wednesday, surpassing last week's high, while the average gasoline price stood at $4.22. (Decrypt)
Odaily News: Coinbase announced that it has partnered with Stanford University cryptography professor Dan Boneh and Localhost Research to host a closed-door "Post-Quantum Bitcoin Workshop" at Stanford University, bringing together Bitcoin developers, cryptography experts, researchers, institutional custodians, and hardware wallet specialists to discuss technical and migration solutions for Bitcoin to address future quantum computing threats.The workshop focused on assessing the progress of quantum computing development, post-quantum cryptography, and different post-quantum signature schemes applicable to Bitcoin, as well as discussing Ethereum's quantum resistance roadmap, practical requirements for institutional custody operations, and how to introduce post-quantum security mechanisms to Bitcoin through new output types and other means. Participants agreed that rather than predicting when quantum computing will pose an actual threat to existing cryptographic systems, it is more important to establish thoroughly tested contingency plans in advance. Quantum computing does not currently pose an imminent crisis, but the earlier research and coordination begins, the better equipped the ecosystem will be to avoid rushed network upgrades and asset migrations under pressure in the future.However, no single post-quantum solution has yet reached consensus. Different approaches involve trade-offs in security, transaction data size, hardware performance, key management, and the difficulty of user migration. Participants noted that Bitcoin's quantum resistance cannot rely solely on protocol-level upgrades—it also requires simultaneous consideration of how individual users, institutional custodians, wallets, and hardware devices generate, store, back up, and migrate keys and assets.
Odaily News: Buying on the first day of the conflict, bottom-fishing right before strikes were paused, and clearing positions before strikes resumed... Trump’s investment accounts have reportedly executed 23 “Buffett-level trades” over the past six months, with unrealized gains exceeding one million dollars.It is reported that during the first six months of the ongoing geopolitical conflict, investment accounts linked to Trump generated substantial returns through active trading in energy stocks. These holdings spanned nine major players in the U.S. energy sector, significantly benefiting from supply disruption fears triggered by the conflict. A report released in August by the Democratic staff of the U.S. Congress Joint Economic Committee (JEC) provided a higher estimate, calculating that Trump’s broader oil and gas investment portfolio has increased in value by up to $15.5 million so far this year.The report quickly sparked political backlash. Democratic Senator Elizabeth Warren publicly criticized Trump, stating that his initiation of the conflict with Iran this year directly drove the surge in oil and gas stocks—while his own substantial holdings rose accordingly. (CNBC)
Odaily News - Robinhood CEO Vlad Tenev directly addressed AMC's criticism in a recent interview, stating that once a public company's stock begins trading publicly, other financial institutions should have the right to issue related financial products around those stocks without needing prior permission from the stock issuer.Vlad Tenev said that publicly traded stocks are essentially transferable property held by shareholders, and therefore other financial institutions should be able to launch financial products referencing such stocks without obtaining permission from the issuer. He specifically noted that the stock tokens offered by Robinhood are issued by independent entities and backed by the corresponding underlying stocks, so prior consent from the relevant listed companies should not be automatically required.AMC CEO Adam Aron previously criticized Robinhood's tokenization of AMC stock, arguing that the move bypasses the issuing company and disrupts the traditional relationship between the company and its shareholders, noting that token holders do not possess voting rights in the underlying stock. As for how Robinhood intends to exercise the voting rights attached to the underlying stock, Adam Aron said the company has not yet disclosed a specific plan. (CNBC)
Less than 24 hours remain until the new pricing for the DeepSeek V4 Flash series takes effect (September 10, 12:00 SGT). With upstream price adjustments imminent, B.AI has prepared an exclusive additional perk for global developers to ensure top-tier compute remains accessible. This upcoming benefit aims to further reduce API call costs and unlock greater productivity—whether you're handling high-frequency API calls, building Agent workflows, or executing large-scale production deployments, you can sustain efficient operations at a lower cost. Specific details will be announced shortly. Please stay tuned to B.AI's official updates and don't miss this compute boost. Secure B.AI in advance to build up compute reserves for your Agent development: https://chat.b.ai/chat
Odaily News: Liquid Network announced that the emergency release Elements v23.3.4 is now live, with Functionary nodes having immediately begun upgrades. All Liquid node operators are advised to update accordingly. This release addresses a previously identified Proof validation cache vulnerability by strengthening the cache keys used for Range Proofs.Regarding network recovery, Blockstream stated that a recovery plan is still being formulated, expected to proceed in three phases: **resume block production while continuing to pause Peg operations; replay verified valid transactions; restore Peg operations after the network state is fully recovered and fund returns are confirmed.** Currently, the first two phases are being tested in parallel, and any phase will only advance once confirmed secure.Liquid Network stated that Elements v23.3.4 has undergone multiple rounds of internal and external reviews, with participants including the Bitcoin Red Team, Alpen Labs, and other teams. Meanwhile, Liquid Network reminds users to be wary of fake upgrade websites exploiting this incident for scams. Information should only be obtained through official Liquid Network and Blockstream channels, and users should never send funds to strangers or disclose private keys or seed phrases.
According to Fortune, long-standing Ethereum infrastructure company Consensys announced it will spin off its flagship wallet product MetaMask into an independent company focused on consumer platform business; the remaining protocol and institutional software business will continue to operate independently under the "Consensys" brand. Company founder Joe Lubin will serve as CEO of the independent MetaMask entity, while also concurrently taking on the role of Executive Chairman of the new Consensys, and veteran executive Mike Kriak will lead the institutional business segment. Lubin stated that MetaMask's rate of value accumulation has significantly outpaced that of the other businesses, serving as the core driver behind this split. MetaMask recently launched its "Primary Account" feature, which allows users to hold both cryptocurrency and fiat assets within a single account and spend them via a Mastercard debit card, while also encompassing diversified revenue streams such as perpetual contracts and prediction markets. The company had previously planned to go public earlier this year, but the initiative was put on hold due to a significant downturn in the crypto market. Analysts believe that the now-independent MetaMask could seek an IPO as early as early 2027.
Global leading digital asset trading platform CoinW officially lists the LAPTOP perpetual contract, supporting leverage of up to 50x. To celebrate the launch, CoinW has introduced a special LAPTOP position-yield event with a bonus prize pool of up to 100,000 USDT. The longer positions are held, the larger the share of rewards, offering a maximum equivalent annualized yield of up to 1,000%. LAPTOP is a meme coin named after the Hunter Biden laptop incident, set to be launched by Hunter Biden, son of former U.S. President Joe Biden, on the Base network. Risk Warning: Position bonuses will be distributed in accordance with the event rules and do not constitute a guarantee of specific returns or annualized yields. Meme tokens are highly volatile, and contract trading may result in loss of principal. Please participate rationally.
Odaily News, according to official sources, Gate has launched LAPTOP perpetual contract trading (settled in USDT), supporting 1-10x leverage.