📉 Hunter Biden Denies Rug Pull After LAPTOP Crashes 95%

Hunter Biden denied profiting or selling tokens after his Base-network memecoin, LAPTOP, crashed over 95% within its first hour of trading, blaming the collapse on sniper bots and insufficient liquidity. The team announced plans to deploy 4 million tokens in liquidity incentives and burn 10 million tokens to stabilize the project amid rug pull allegations. Blockchain analytics tell a mixed story: Nansen identified individual wallets sitting on paper losses up to $117,800, while Bubblemaps revealed that 60% of top holder addresses were newly created wallets funded on launch day.

💳 Visa Brings OnChain Credit to its Card Business

Visa is linking its VisaNet settlement data with blockchain lending protocols to provide working capital financing for stablecoin linked card programs, highlighting partner Credit Coop's $2.5 billion in cumulative financed volume. The push comes as Visa's network now hosts over 160 stablecoin card programs, with payment volumes surging nearly 200% year over year and annualized settlement volume surpassing $20 billion.

🚀 Solana Sees record Token Issuance in a Single Day

The Solana blockchain reached a new all time high on Wednesday with more than 263,000 new tokens minted in a single day, far exceeding peak levels seen during previous memecoin cycles. Leading platform Pump.fun drove the lion's share of launchpad activity, accounting for 34,184 of the 40,360 launchpad tokens created and generating $1.8 million in 24hour revenue.