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.
Odaily News – Crypto trader Rune (@RuneCrypto_) posted on X, stating that Pump.fun holds over $2 billion in cash, with a valuation of approximately $4.4 billion, making it one of the most influential platforms in the Meme coin market this cycle. However, since launching the Bonding Curve model, its subsequent product expansion has largely been a response to market demand already validated by other teams.Rune cited examples, noting that after Axiom's rise, Pump acquired Padre and renamed it Terminal; after fomo emerged, Pump added social features to compete for KOLs; and now that products combining Meme coins with equity-related assets have appeared on BNB Chain, Robinhood, Stonks, and Base, Pump has launched a similar MemeStocks feature.Rune stated that this strategy is not entirely ineffective—for instance, Padre's market share rose from roughly 2% to 10% after its acquisition. However, as a leading platform with substantial capital and resources, Pump should focus more on creating unvalidated new products rather than continuously replicating existing models. Otherwise, it may weaken the incentive for smaller teams to pursue product innovation, ultimately slowing the industry's overall pace of development.
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)
According to Cointelegraph, blockchain intelligence company TRM Labs saw its valuation double to $2 billion following an upsized Series C funding round led by Blockchain Capital. The company stated that its annual recurring revenue has quadrupled over the past three years.
Odaily News - Bloomberg ETF analyst Eric Balchunas stated on the X platform that Tema is launching a prediction market ETF. However, this product is a thematic ETF, not an actual event contract ETF, which the SEC is still considering. The ETF will allocate 15% of its positions to private assets from Kalshi and Polymarket, with a management fee of 75 basis points.
Odaily News: Dell Technologies is seeking to raise approximately $4 billion through an investment-grade bond issuance to refinance existing debt. Sources familiar with the matter said the final issuance size has yet to be determined and will be adjusted based on market demand. The bond sale comes amid continued growth in AI-driven server demand, as Dell benefits from the AI infrastructure investment boom, boosting its performance. (Bloomberg)
According to the latest data from CoinMarketCap, Binance's cumulative trading volume in the RWA perpetual contracts market has reached $1.5919 trillion, accounting for 50.4% of the overall market and placing it at the forefront among CEXs. In terms of product layout, Binance currently offers approximately 179 RWA perpetual contract underlyings, capturing over half of the market's trading volume. These products primarily focus on core assets such as gold, silver, and top-market-cap stocks, concentrating liquidity in major markets with high trading demand. This trend demonstrates that as the trading scale of RWAs and tokenized assets expands, CEXs like Binance are becoming pivotal venues for bridging traditional financial assets with crypto-native trading markets.
According to Fortune, stablecoin payment infrastructure company Latitude, founded by former employees of Stripe, Uber, Coinbase, and Meta, has announced the completion of a $35 million Series A funding round, led by Oak HC/FT, with participation from NEA, Coinbase, Lightspeed Faction, and OpenFX. Latitude aims to address the "last mile" challenge following cross-border stablecoin payments by providing enterprises with infrastructure that converts stablecoins into local currencies and facilitates fund disbursement through local payment methods such as bank accounts and mobile wallets. Its current clients span digital banks, payroll platforms, e-commerce marketplaces, and financial institutions. The company previously closed an $8 million seed round. The new capital will be used to scale its compliance, engineering, legal, and sales teams, while accelerating efforts to secure regulatory licenses in markets including Southeast Asia, Latin America, and Africa.
Odaily News - Bastion Trading Limited, a shareholder holding 9.99% of Solana treasury company SkyAI, stated in an SEC filing that it plans to vote against all five current directors at the annual shareholders' meeting on September 18. Bastion expressed deep concerns over the company's amendments to its charter that weaken shareholder rights, the board's implementation of a poison pill without shareholder vote, and related-party transactions. Independent director Annemarie Tierney resigned in December 2025, having previously raised issues regarding potential conflicts of interest and related-party transactions with management. SkyAI, formerly Sharps Technology, established its Solana treasury in August 2025 through a PIPE financing round raising over $400 million. The company currently holds approximately 2 million SOL, with a current market value of around $59 million. Its stock price has declined approximately 86% over the past year.
According to PRNewswire, AI fintech company Kapital has completed a new $125 million round of equity and debt financing, co-led by Tru Arrow Partners and Fasanara Capital, with participation from Cervin Ventures, Niya Partners, and Overlook Capital. Kapital leverages artificial intelligence technology to help individuals and businesses efficiently manage operations, credit, and cash flow, while promoting savings and investment through its brokerage and fund management businesses. The new funds will be dedicated to the in-depth development of its AI platform and data analytics suite, accelerating expansion in the U.S. and European markets.
According to reports from the Hong Kong Commercial Daily, Chau Tat-kun, Legislative Councillor for the Innovation and Technology functional constituency, has released a policy initiative titled the "3+3 Collaborative Development Blueprint". The proposal recommends that the Securities and Futures Commission (SFC) establish an independent dedicated department for digital assets to unify regulatory standards, shorten approval cycles, and build an integrated compliance infrastructure. The proposal simultaneously covers several supporting pathways, including establishing early investment channels for Web3, exploring an over-the-counter fundraising mechanism dubbed the "Hong Kong version Web3 Pink Sheet", and advancing the tokenization of real-world assets (RWA) and tokenized equities, aiming to position Hong Kong as an international digital asset hub by 2032. Currently, Hong Kong has approved 11 virtual asset spot ETFs, the highest in Asia, and the Stablecoin Ordinance has also been legislated.
According to WealthManagement, AI wealth management firm Savvy Wealth has announced the closing of a $100 million Series C funding round, bringing its valuation to $600 million. Led by Halo Fund, the round included participation from existing investors such as Thrive Capital, Industry Ventures, and Index Ventures. To date, the company's total funding has exceeded $200 million. Savvy Intelligence, Savvy Wealth’s AI-powered wealth management platform, utilizes large language models from OpenAI and Anthropic to train AI agents that support the integration of investment, tax, and financial planning data, streamlining wealth management processes through AI. The newly raised funds will be primarily directed toward expanding the development of software products tailored for wealth advisors.
According to Fortune, blockchain forensics startup TRM Labs has announced a new round of follow-on funding from existing investors, with the amount undisclosed. Driven by the rapid growth of its AI business, the company’s valuation has doubled to $2 billion, up from $1 billion six months ago. CEO Esteban Castano stated that the company expects to soon achieve the $100 million annual recurring revenue (ARR) milestone and will officially launch a new AI-powered crime investigation platform designed for law enforcement agencies in November, focusing on AI-driven criminal scenarios such as financial fraud, deepfakes, and child sexual exploitation. Castano emphasized that AI serves as the company's second growth engine rather than a business pivot, with blockchain intelligence remaining the core business pillar. The company currently employs approximately 500 people and maintains offices in London, Singapore, and Washington, D.C.
Odaily News: Bonk Guy has issued a scathing critique of the token project associated with Hunter Biden's "LAPTOP," stating that after further observation of the token's performance following its launch, he believes the project clearly exhibits speculative behavior aimed at "extracting profit while showing little understanding of the crypto industry."Bonk Guy particularly questioned the token's fully diluted valuation (FDV), which reportedly reached as high as hundreds of billions of dollars shortly after listing, calling the valuation "absolutely absurd." He also questioned why Hunter Biden himself has become the narrative centerpiece of the crypto market, pointing out that Hunter Biden's public prominence largely stems from the numerous controversies he sparked while his father, Joe Biden, served as President of the United States. He further noted that the Biden administration generally adopted a relatively tough regulatory stance toward the crypto industry during its tenure.Bonk Guy concluded with a warning that investors purchasing this token at its current valuation face extremely high risks, stating that "anyone who buys it deserves to lose 100% of their money."
Tether 宣布与科技型私人信贷资产管理机构 Fasanara Capital 共同推出私人信贷基金 StableFund。该基金由双方共同发起，目前由两家机构提供总计 4 亿美元的锚定投资，并计划进一步吸引最高 30 亿美元的第三方机构资本。 该基金将重点向中小企业提供短期限、资产支持型信贷。Fasanara Capital 将担任投资管理人，通过覆盖 60 多个国家的金融科技借贷网络进行资产配置；Tether 则担任联合发起方、资产发起方及顾问，负责寻找与 USD₮挂钩的融资机会，并提供稳定币结算、出入金及资金管理基础设施。
AI 3D company VAST (Sanqi Wanwu) has announced the completion of Series B and Series B+ financing rounds, totaling approximately 3 billion yuan, led by Matrix Partners China. Perfect World, BlueFocus, Singdun Energy Investment, Yanqu Games, ThunderSoft, 37 Interactive Entertainment, as well as CDH VGC, CICC Capital, CMC Capital and others participated as co-investors, with existing shareholders Fortune Capital, Primavera Capital, and Source Code Capital continuing to follow up. According to official sources, VAST has raised approximately 5 billion yuan in cumulative financing in less than six months.It is also reported that VAST has released the latest version of its flagship 3D foundation model, Tripo P2.0, from the Tripo P series. The funds from this round of financing will be invested in the iteration of 3D native models and data capabilities, expansion of training and inference infrastructure, product development, and commercial implementation. (Sina Finance)
According to Sifted, the head of the robotics business at French AI unicorn Mistral is seeking to raise 200 million euros for its new startup, planning to develop a robot AI model trained on more comprehensive data to surpass competitors in data quality. Mistral officially established its robotics division last year.
According to Bloomberg, SoftBank Group announced it will repay the remaining $25.9 billion balance of a $40 billion bridge loan signed earlier this year on September 15, which was previously used to finance its investment in OpenAI. SoftBank stated that it will subsequently proceed with plans to refinance the transaction with long-term debt.
According to EU-Startups, London-based AI precision machining software startup CloudNC announced it has closed a €17.2 million (approximately $20 million) funding round led by U.S. venture capital firm Nimble Ventures, with participation from Calculus Venture Capital, Entrepreneur First, and Lockheed Martin's venture capital fund, LM Ventures.
According to the Hong Kong Commercial Daily, Mr. Peter Yau Tak-kan, a Member of the Legislative Council for the Innovation and Technology functional constituency, has issued a policy initiative document titled "The '3+3 Collaborative Development Blueprint: Hong Kong’s Innovative Pathway to Integrate with the Nation’s Future Industries.'" Regarding digital finance (including Web3 and digital assets), Mr. Yau proposed a macro vision to "build an international digital asset hub by 2032," with recommendations covering the establishment of early investment channels for Web3 finance, the creation of a "Hong Kong-version Web3 Pinksheet" over-the-counter fundraising mechanism, and the active promotion of real-world asset tokenization (RWA) and tokenized stocks.