Worries about AI security are growing, with three major AI giants successively calling for a slowdown in the development of cutting-edge models.

According to GMGN data, the meme coin LAPTOP FDV, issued by U.S. President Biden’s son, briefly dipped below $300 million and is currently trading at $310 million. The token has plummeted more than 25% over the past 24 hours, and has fallen over 99.9% from its all-time high of $314 billion. BlockBeats reminds users that most meme coins lack practical use cases, are subject to extreme price volatility, and thus require caution when investing.

According to Lookonchain monitoring, whale address BS3YsB spent 4.4 million USDC yesterday to purchase 15.06 million STONK at an average price of $0.295.

According to on-chain analyst Yu Jin’s monitoring, trader Point Farm Capital (@pointfarmcap) has generated an unrealized profit of $10 million from STONK. The trader invested a total of 1 million USDC to purchase 37.21 million STONK at an average market cap of approximately $21 million. As STONK’s market cap has risen to $240 million, the position’s return has reached roughly 10x.

US former President Joe Biden’s son Hunter Biden announced that the first round of the LAPTOP token airdrop allocated 8% of its total supply to subscribers of his newsletter, rather than wallets created solely to obtain the airdrop. Of the 80 million LAPTOP tokens airdropped, 79 million remain unclaimed. The claim window will close on October 9, after which all unclaimed tokens will be burned.

CryptoQuant Head of Research Julio Moreno noted that Bitcoin has temporarily stalled after a 24% rally over two weeks, currently trading in a range of $76,000 to $82,000. The overall trend remains bullish, but a breakout above the 365-day moving average near $81,700 is needed to confirm a new bull market; failure to do so could see prices continue consolidating within the range. On-chain data shows the immediate and primary supply resistance zone is between $77,100 and $80,200, where long-term holders sold a maximum of 539,000 BTC within 30 days this year. Subsequent resistance levels stand at $83,600 and $88,700, with the $88,700 area historically prone to active traders taking profits. Should Bitcoin turn south, the 200-day moving average near $70,000 may act as support; another support zone lies between $62,000 and $65,000, where long-term holders have accumulated roughly 476,000 BTC this year.

Bitcoin Suisse plans to cut up to 60 jobs in Switzerland, roughly half of its local workforce, while shifting some software development and back-office functions overseas. The Zug-headquartered firm has around 200 global employees and manages over $3 billion in digital assets under custody. It will also shutter its Copenhagen IT development hub, retain its Bratislava business center, and establish a new hub in Vietnam. CEO and co-founder Andrej Majcen noted that operations in Bratislava and Vietnam have far lower costs, adding that the restructuring is driven by the company’s international growth strategy, not the current challenging crypto market conditions. Bitcoin Suisse also aims to expand its offerings beyond crypto trading, custody, staking, and lending to include wealth and asset management services for high-net-worth individuals and institutional clients. Its Liechtenstein subsidiary secured authorization under the EU’s MiCA framework in June.