Former US President Joe Biden’s son Hunter Biden has defended the meme coin LAPTOP following its sharp price plunge, stating that as many have observed, the token saw extreme volatility in its first hours of trading. Headline news has been uniform: the token is down 99%, tied to the “Biden crime family” and similar narratives—none of which are true. The reality is that the liquidity available at launch could not support the massive attention it received, compounded by technical issues and predatory “snipers” who tried to enter ahead of liquidity providers, driving the price up before it settled to a healthy level. The team’s tokens are locked, with no sales, and I personally made no profit from this. I’m already accustomed to traditional and social media trolls distorting reality to fit their own narratives. The token’s fully diluted valuation (FDV) exceeds $1 billion. We are actively exploring optimal solutions to improve liquidity and continue engaging with the community. This journey is far from over; the official team built this community for the long term from the start, and that remains our focus. I will keep doing what I do best: ignore the noise and reclaim the narrative. Per GMGN data, within nearly 12 hours of launch, the meme coin LAPTOP created by Hunter Biden saw its FDV surge past $300 billion at its peak, plunge to $12 billion at one point, and currently trades at $18 billion, marking a roughly 99.4% drop from its peak.

According to Bitget market data, South Korea’s KOSPI index opened 0.06% higher at 7055.77 points. SK Hynix rose 1%, while Samsung Electronics edged lower. Japan’s Nikkei 225 index opened 0.59% lower at 64755.71 points.

Renowned trader Bonk Guy says any pullbacks and dips in the market ahead of the fourth quarter are buying opportunities. Don’t let market volatility scare you off—the real major rally hasn’t arrived yet. Many users across various group chats have already started panicking, shouting “It’s over!” Volatility is actually a gift this market offers, and sharp downturns are when asymmetric upside opportunities are forged. Buy before the fourth quarter kicks off, then just sit back and wait.

According to BIT (bit.com) market data, BNC plunged 15.62% at the close of US stock trading, rebounded 2.71% in after-hours sessions, and is now priced at $4.55. Separately, GMGN data shows that the BSC-based tokenized stock BNC4 is currently trading at $5.584, carrying a roughly 23% premium over its underlying stock.

Pump.fun has announced the launch of Custom Pairs, a new feature allowing token issuances to be paired with tokenized U.S. stocks, mainstream crypto assets, and metals. The platform currently offers 93 quote assets, including 20 new additions such as Boeing, Alibaba, Costco, and Dell. Fee rules for Custom Pairs align with those of standard token launches, but 50% of this revenue will be allocated to a programmed PUMP token buyback and burn contract. Creators can select their paired asset at issuance, and must choose between a Creator Fee (0.05%–1%) or Cashback; fees are disbursed in the selected quote asset. The Creator Fee can be split among up to 10 addresses and supports CTO, though existing tokens cannot modify their paired asset. The platform also emphasized that tokenized assets are issued by third parties, and it does not provide stock or securities trading services.

According to BIT (bit.com) market data, after U.S. stock market close, the Dow Jones Industrial Average fell 0.77%, the S&P 500 dropped 0.48%, and the Nasdaq declined 0.64%. Crypto-related stocks fell broadly, while the storage and optical communication sectors bucked the trend to rise. Apple closed down 0.28% and launched its first foldable iPhone, the iPhone Duo, featuring a 7.6-inch inner screen — the largest display in iPhone history — and a 5.4-inch outer screen when folded, with the total screen area equivalent to 90% of the iPhone 18 Pro. Both screens support ProMotion, Always-On Display, and a peak outdoor brightness of up to 3,000 nits. In the U.S. semiconductor and storage sector: Seagate Technology (STX) fell 2.04%; Western Digital (WDC) rose 1.04%; SanDisk (SNDK) gained 1.51%; Micron Technology (MU) advanced 2.75%; NVIDIA (NVDA) dropped 0.91%; Intel (INTC) climbed 1.69%; Advanced Micro Devices (AMD) rose 3.04%; Broadcom (AVGO) declined 1.13%; Qualcomm (QCOM) gained 1.33%. Among crypto-related stocks: Strategy (MSTR) fell 2.80%; Coinbase (COIN) dropped 2.36%; Circle (CRCL) declined 3.32%; BitMine Immersion (BMNR) fell 2.26%; SharpLink Gaming (SBET) dropped 3.17%. In the optical communication concept stocks: Marvell Technology (MRVL) rose 4.26%; AAOI (Applied Optoelectronics) fell 3.25%; LITE (Lumentum Holdings) gained 1.07%; COHR (Coherent Corp.) advanced 0.53%; FN (Fabrinet) rose 0.47%; NOK (Nokia) climbed 1.03%.