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Crypto

Hunter Biden memecoin hits $144 billion then plunges 95 percent in 30 minutes

A memecoin called LAPTOP, which Hunter Biden helped found, surged immediately after trading began and then fell more than 95 percent in about 30 minutes. Cryptopolitan reported the token started trading on Coinbase-built Base and peaked within minutes. Arkham estimated fully diluted value briefly hit $144 billion before dropping to $5 billion. Large token transfers were detected, and one tracked wallet suffered heavy losses. Analysts also warned about concentrated, recently created top holder wallets.

Crypto

North Korea\'s Lazarus suspected of cashing out $30 million in bitcoin, raising U.S. regulatory risks

Wallets assessed to be linked to North Korea\'s Lazarus group are suspected of selling more than $30 million in bitcoin on decentralised derivatives platform Hyperliquid over the past three weeks. The funds were then converted into ether and solana and moved to centralised exchanges including Kraken, LBank and KuCoin. The activity comes as Hyperliquid pursues U.S. market entry, putting sanctions and anti-money laundering issues in focus.

Crypto

Robinhood memecoin launch? CEO reaction fuels market expectations

Interest is growing in whether Robinhood could expand its memecoin lineup after CEO Vlad Tenev (블라드 테네프) reacted to a memecoin-related post. A community has interpreted the reaction as a signal of an expansion push, U.Today reported. The reaction began when an X user shared a July post proposing a “Robinhood memecoin.” Robinhood has gained momentum in crypto since launching Robinhood Chain, an Ethereum-compatible layer 2 network, and chain metrics have also lifted expectations.