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Hunter Biden Says ‘LAPTOP’ Token Isn’t a Rug Pull, Claims It’s Trolling

Hunter Biden has released a detailed public account of the $LAPTOP memecoin he helped launch, pointing to on-chain activity to argue that key “founder” wallets did not hold funds long after the token’s debut. The claims, shared in a series of X posts, center on blockchain data and a separate “launch report” published with the project’s materials. In his posts, Biden said that 300 million tokens sitting in wallets associated with the memecoin’s founders “haven’t moved since launch.” He also argued that price action around the token’s initial burst resembled classic extraction-style launches, citing activity by two “professional trading firms” hired by the project. Key takeaways Hunter Biden says 300 million tokens in wallets tied to the $LAPTOP memecoin founders have remained unmoved since launch. Biden and a separate “launch report” both describe liquidity and sell-pressure dynamics shortly after the token’s peak on Sept. 9. The report attributes rapid fund withdrawals to “Market...
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Robinhood Adds $25 Million in Bitcoin to Its Corporate Balance Sheet

Robinhood has added $25 million in Bitcoin to its corporate balance sheet, strengthening its direct exposure to the cryptocurrency sector. The trading platform confirmed the purchase on October 7 during the Token2049 conference in Singapore. The move separates Robinhood’s corporate Bitcoin position from billions of dollars in customer crypto assets. Robinhood Adds Bitcoin to Corporate Treasury Johann Kerbrat, Robinhood’s crypto and international chief, disclosed the purchase during an interview with The Block. He said the company invested to align its corporate strategy with the broader Bitcoin ecosystem. However, the purchase remains relatively small compared with Robinhood’s overall market value. https://x.com/JohannKerbrat/status/2107628935932760459?s=20 Robinhood shares closed Tuesday at $112 after declining 1.85% during the trading session. Consequently, the company carried a market capitalization of roughly $100 billion before announcing the Bitcoin purchase. The $25 million allo...
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Circle And Tereina Bring Usdc And Eurc Payments To Sap Workflows

Circle and Tereina are bringing regulated stablecoin payments into SAP systems used by eligible business customers. The companies will integrate USDC and EURC with SAP Pay and SAP Cloud ERP through Tereina’s payment infrastructure. The agreement connects blockchain settlement with established corporate payment, treasury, and accounting processes. USDC Enters SAP Enterprise Payment Workflows Circle and Tereina announced the integration on October 7 as part of a broader enterprise payments initiative. Under the agreement, eligible businesses can send and receive USDC through applications already connected with their financial operations. Therefore, companies can access dollar-denominated stablecoin payments without building separate blockchain payment infrastructure. USDC will support transactions that businesses traditionally process through dollar-based banking and payment systems. Tereina will connect those transactions with SAP applications while keeping existing financial workflows ...
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$550M in Crypto Liquidations as Bitcoin Slips Below $84K

Bitcoin slipped below $84,000 on Wednesday, triggering a wave of forced selling in leveraged derivatives. According to CoinGlass data cited in the reporting, flash liquidations across crypto totaled over $550 million—mostly tied to long positions—amid a short-term drop that briefly pushed BTC to about $83,560. Despite the selloff, traders appeared to find buyers near the 21-day moving average, which is currently around $83,850. As price stabilized in the low-$84,000 area, analysts highlighted both a key technical line for bulls and a specific pattern of highly leveraged short activity on Hyperliquid immediately before the downside accelerated. Key takeaways Bitcoin briefly tagged $83,560 before holding support around its 21-day SMA near $83,850. CoinGlass data showed cumulative crypto long liquidations of roughly $550 million during the move. Lookonchain and other onchain analysis flagged four Hyperliquid wallets that opened 40x BTC shorts before the decline. Rekt Capital said ...
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Sui Live AI Agent Test Reaches 40.6M TPS in Tunneling Run

Sui says its programmable offchain tunnels hit a new throughput milestone during a live stress test meant to mimic heavy, real-time communication between AI agents. The network reported a peak of 40,614,180 transactions per second (TPS), substantially above the roughly 6.1 million TPS achieved in a similar test in July. The demonstration took place on Wednesday at Sui Basecamp in Singapore. According to Sui, the activity was carried out offchain via “tunnels” that can batch or manage high-frequency operations and then settle to the Sui blockchain when the channels are closed. Key takeaways Sui reported a live-test peak of 40.6M TPS for programmable offchain tunnels—well above its July benchmark of about 6.1M TPS. More than 10,000 tunnels were opened on Sui mainnet during the event, with traffic spanning multiple application categories. The tunnels are intended to support high-frequency agent-to-agent activity without forcing every micro-transaction to be executed directly onchain...
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Hunter Biden Says ‘LAPTOP’ Token Is Not a Rug Pull, Calls It Troll

Hunter Biden has published a detailed accounting of the $LAPTOP memecoin he helped launch, sharing on X what he says is on-chain evidence that a large portion of tokens tied to the project’s founders has not moved since launch. In a series of posts on Wednesday, Biden claimed that 300 million tokens held in wallets associated with the $LAPTOP team “haven’t moved since launch.” He also pointed to trading and liquidity activity immediately after the token’s debut on Sept. 9, alleging that the most profitable flows came from two market makers hired by the project. Key takeaways Biden says blockchain data shows 300 million $LAPTOP tokens linked to the project’s founders have not moved since launch. He argues the price action looked like typical “rug pull” behavior shortly after launch, with liquidity reportedly removed right after a peak. Biden cites a separate “launch report” posted on the token’s website by a Delaware intelligence consultancy. The project’s team says founder toke...
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House Finance Chair Says Crypto Regulator Actions Fall Short of CLARITY Bill

Rep. French Hill, chair of the U.S. House Financial Services Committee, says regulators are taking steps to address crypto oversight—but he argues their approach will not deliver the long-term certainty Congress could provide through legislation. Speaking on Wednesday in a Fox Business interview, the Arkansas Republican pointed to the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) as agencies that have begun rulemaking work following the failure of the Digital Asset Market Clarity (CLARITY) Act in the Senate last month. Hill said those regulatory efforts have “fallen short” of what permanent statutory change could achieve, adding that he remains hopeful the bill can still pass during the current “lame duck” period in Congress. Key takeaways French Hill argues the SEC and CFTC can propose and refine rules, but still lack the stability of a congressionally enacted framework for digital assets. Hill links the agencies’ renewed activit...
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