CZ, Binance founder and former CEO, Canadian businessman
Hunter Biden’s $LAPTOP meme coin has launched on Base, surging to hundreds of dollars within minutes before crashing. Blockchain analyses show massive losses for many retail traders, while founders retain a significant stake and promise future burn mechanisms and charitable donations. The launch is part of a broader trend of political meme coins, prompting scrutiny of liquidity, transparency, and market manipulation risks.
The US Treasury has assessed $1.2bn in civil penalties against Bank of America for failing to timely report more than $5bn in suspicious transactions, including over $1bn that posed national-security and high-priority risks. The OCC added a $750m penalty; OFAC settled for $11.6m. BofA has said the charge will reduce third-quarter earnings by about 17 cents per share.
Binance is investigating reports of a potential security issue after Zhao said the exchange appears to have been hacked. Withdrawals have been suspended on multiple networks, and key players froze or limited trillions in value to curb losses. Authorities are reviewing the incident as of now.