Odaily Planet Daily News: Hunter Biden released a first-time token issuance audit report for LAPTOP Meme coin issued by Groom Lake on Wednesday, and explicitly criticized the anonymous market makers involved in the issuance, stating that 'market makers who messed up the issuance should buy back and destroy all the tokens.' The report shows that a wallet possibly controlled by 'Market Maker 1' received $500,000 before the issuance, but only invested about $5,200 during the launch, accounting for about 1%. All liquidity providers together injected less than 30,000 LAPTOP tokens into the main pool, equivalent to about 0.003% of the initial supply of 1 billion tokens. The extremely low initial liquidity made the LAPTOP price highly susceptible to small transactions. The report stated that a single $6 buy order could push the price up by about 5%, and with the combination of high-frequency early trading and changes in liquidity, it caused significant price fluctuations on the day of the launch. Biden said that 'the biggest winner in this issuance was the market maker.' The report further supplemented previous explanations about the failed launch. Last month, the project team mainly attributed the abnormal price to sniper robots and insufficient liquidity. Notably, as of October 7, the 300 million founder tokens held by the project team had not yet been transferred. The current controversy still centers on the execution of the market makers during the launch, the allocation of liquidity, and whether they gained improper profits from the sharp fluctuations.

Odaily Planet Daily News: Decentralized Finance (DeFi) protocol Sky Protocol has been granted a B3 long-term counterparty risk rating by credit rating agency Moody's, with a stable outlook; this is the first time Moody's has rated a stablecoin protocol. As of September, Sky Protocol holds approximately $90 million in tangible common equity, corresponding to about $10 billion in tangible managed assets. Moody's described its capital position as a 'material credit weakness.' Sky Protocol was formerly MakerDAO, responsible for managing USDS and DAI, which are pegged to the US dollar. Moody's noted that approximately 45% to 50% of Sky Protocol's assets are composed of stablecoins and tokenized money market funds, with an additional approximately 25% being crypto-backed loans. Its rating is also constrained by low capital adequacy, confidence-sensitive stablecoin liabilities, and risks related to the DAO structure. If the capital ratio rises to and remains above 2.5%, and profitability, liquidity, and asset risk remain stable, Sky Protocol's rating may be upgraded; if the capital ratio falls below 0.5%, consecutive quarterly losses, or weakened liquidity, the rating may be downgraded. (Bitcoin.com News)

In the past hour, total liquidations across the network reached $37.52 million, with $33.70 million from long positions, with $3.82 million from short positions. BTC liquidation $3.21 million, ETH liquidation $21.91 million.

Odaily Planet Daily News: According to Onchain Lens, Wintermute sold 619.59 BTC through Binance, worth $517 million. At the same time, BlackRock's IBIT ETF purchased and received 1,426.47 BTC from Coinbase Prime, worth $119 million.

Odaily Planet Daily News: According to Onchain Lens, the US government has transferred an additional 94.15 million USDT from the seized funds of FTX/Alameda to Coinbase Prime. The total transfer amount in the past few hours has reached approximately 566 million USD.