律动BlockBeats

Original title: (LAPTOP crashes 99% at launch: did the market maker sell off coins for millions, while batch witches swooped in and took it all?)
Original author: Mahe, Foresight News
On the evening of September 9 at 8:00 PM, the meme coin LAPTOP, which Hunter Biden helped launch, opened on Base. By around 11:00 PM, according to GMGN market data, extremely thin liquidity pools caused extreme price wick spikes in the instant of the opening. Its FDV briefly surged to more than $30 billion, before quickly dropping to around $182 million. It is currently quoted at $1.828, with the token down more than 99%.
The token was originally promoted as a project intended to compensate those who suffered losses on TRUMP’s positions. In response, Eric Trump posted on X mocking it, saying, “Hunter should go back to drawing.”

BlockBeats message: On September 10, the U.S. Treasury said it will purchase at least $4 billion and up to $6 billion of long-term government debt in the first operation of an expanded buyback program, demonstrating the resolve of Bessent to curb the recent rise in borrowing costs. U.S. Treasuries continued their earlier decline after the announcement was released, indicating that the size of the program is smaller than some investors had expected. How successful the expanded purchase plan will be remains to be seen. After the initial announcement last month, yields fell, but then rebounded. The benchmark 10-year yield reached its highest level since 2023 last week.

BlockBeats message: On September 9, a16z crypto announced the release of an open-source zero-knowledge virtual machine, Lattice Jolt. The new version switches the underlying cryptography from elliptic-curve cryptography to lattice-based cryptography, enabling the system to be quantum-resistant, and improves the prover and verifier speeds by 2 to 3 times. Its proof size is currently below 100KB. a16z crypto says this is the smallest proof among post-quantum zkVMs.
Lattice Jolt: a new polynomial commitment scheme based on the Module-SIS hard problem, with a target security level of 128 bits. Akita was led by the LayerZero research and engineering team, in collaboration with teams from Carnegie Mellon University, the University of Southern California, and a16z crypto.

BlockBeats report, September 9: Zach Pandl, head of Grayscale Research, said that as Bitcoin gradually matures, its price volatility has noticeably declined. Bitcoin’s realized annualized volatility in its early days was about 125%; over the past year the average has been only around 40%, which is approaching the level of U.S. “Big Tech Seven” stocks.
By contrast, Zcash’s market capitalization is only about 1% of Bitcoin’s, and over the past year the average ZEC price volatility has been about 140%. Based on current volatility, assuming a Zcash covered call option strategy, the implied annualized return corresponding to the option premium income is about 70%, while for Bitcoin the comparable strategy is about 30%.

BlockBeats message: On September 9, according to (Caifu) reports, Ethereum infrastructure company Consensys will undergo a corporate split. The consumer business will operate as an independent company under the MetaMask name, focusing on wallets and related consumer financial services. The protocol and enterprise-facing Ethereum software business will form another independent entity and continue to use the Consensys name.
Consensys founder Joe Lubin will serve as CEO of the independent MetaMask company, while also serving as the newly appointed executive chairman of Consensys. Longtime executive Mike Kriak will lead Consensys. Lubin said one reason for the split is that the value growth rate of MetaMask’s consumer business is higher than that of the company’s other businesses.

BlockBeats report: On September 9, PayPal launched a customized stablecoin development platform, PYUSDx. The platform was set up with the assistance of stablecoin technology company M0 and crypto payments company MoonPay, enabling businesses to issue customized stablecoins backed by PayPal USD (PYUSD).
PYUSDx has officially gone live. The initial batch of integrated crypto-native companies includes Saturn, Concrete, and Cap. Together, these three companies have brought the platform more than $100 million in processed transaction volume. USD.AI and Fairblock will also launch stablecoins through this platform.
Tokens within the PYUSDx ecosystem are issued by MoonPay Digital Assets Ltd. The platform combines M0’s general-purpose stablecoin and digital asset technology, along with MoonPay’s issuance and distribution infrastructure, to provide businesses with stablecoin creation and circulation services.

BlockBeats message: On September 9, according to (Fortune), global payments infrastructure company Latitude announced the completion of a $35 million Series A round, led by Oak HC/FT, with participation from NEA, Coinbase, Lightspeed Faction, and OpenFX. Previously, Latitude had completed a $8 million seed round; the valuation for this round was not disclosed.
Latitude was co-founded by industry figures who previously worked at Stripe, Uber, Coinbase, and Meta. It mainly provides infrastructure for digital banks, payroll platforms, marketplace platforms, and financial institutions, enabling businesses to make cross-border transfers via stablecoins and to pay funds in local currency to bank accounts or mobile wallets.