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According to market news, Hunter Biden, the son of former U.S. President Biden, announced the results of an independent investigation into the launch of the LAPTOP token, stating that he has commissioned the forensic company Groom Lake to verify all transactions on the day of the launch. He denied that the team cashed out, stating that the founder's tokens remain concentrated in the same wallet and have not been transferred since the launch; his personal tokens have been locked for six months and will be released over two years.He cited the investigation, stating that Market Maker 1 had $500,000 in startup capital but only invested about $5,200 and less than 30,000 tokens into the liquidity pool, which accounted for only 0.003% of the total supply. The extremely low liquidity caused the price to rise from $0.05 to about $317 in less than two minutes, followed by a 98% drop within the next hour. After the price peaked 84 seconds later, Market Maker 1 withdrew funds during the sell-off, causing the available funds to support sell orders to drop from $16,200 to zero, close to the current price.He stated that Market Maker 1's DEX position made a profit of about $686,000, while Market Maker 2's related DEX transactions netted over $2.1 million, and he believes that the market maker responsible for the launch issues should buy back and destroy the tokens. He stated that he takes ultimate responsibility, will not exit the project, and plans to destroy most of the unclaimed tokens from the first airdrop next week; this airdrop accounts for 10% of the total supply.

Bitcoin Magazine released an interview video with Hunter Biden. Regarding the $LAPTOP token, which plummeted over 98% within minutes of its launch, he attributed the cause to market makers' liquidity missteps on decentralized exchanges and recounted the process of initially planning to launch on centralized exchanges before switching to decentralized exchanges.In the interview, Hunter Biden also discussed Operation Choke Point 2, lobbying his father, and the Democratic Party's stance on cryptocurrency, as well as mentioning Michael Saylor and Strategy, Bitcoin payments, and global adoption, while providing his prediction for Bitcoin's price in 2028. He also compared $LAPTOP with Trump-related tokens in terms of tokenomics and transparency.

Chutianlong recently won the bid for a digital renminbi hardware wallet management system project from an operating organization. The full-stack platform output from hardware supply to issuance continues to enhance the full-link service capability.

Former U.S. President Biden's son Hunter Biden responded to the market value of the LAPTOP token dropping below 25 million dollars. The token's market value has decreased by 99.9% since its issuance, and reports indicate that the project team is expected to have made tens of millions of dollars in profit.Hunter Biden stated that the profit estimates lack basis, and he previously explained that the project's issuance performance was poor, with accounts to be disclosed. He mentioned that the team wallet has not sold any LAPTOP tokens, and the tokens held by the team are locked for 6 months, followed by a two-year vesting period. Relevant arrangements have been detailed in the disclosure documents, and he requested that individuals claiming the team made tens of millions of dollars in profit disclose the relevant wallet addresses.

Arbitrum announced a per-transaction priority bidding mechanism to replace the original Timeboost mechanism.According to the disclosed allocation plan, 97% of the revenue generated from priority fees and paid Fast Feed subscriptions will be allocated to the DAO treasury, while the remaining 3% will be distributed to the Arbitrum Developer Guild.

According to court documents, the Bitcoin mining company Hut 8 has made a bid of $140 million to become the winning bidder for the two data center sites of the bankrupt mining company Poolin located in Texas. The bid includes cash and other considerations, covering Poolin's Pyote and Tarbush sites. The transaction must be approved by the bankruptcy court in New Jersey before it can be completed, with a sale hearing scheduled for September 29.Hut 8's bid is nearly three times the initial bid of $52 million from Thor CALAP, which offered $15 million for the Pyote site and $37 million for the Tarbush site. Additionally, DigiPower X bid $36.5 million for Pyote, while Pecos Industrial Development, designated by the AI infrastructure company Fluidstack, bid $100.5 million for Tarbush. Poolin and its two U.S. affiliates filed for Chapter 11 bankruptcy protection in July after shutting down mining and hosting operations at the Texas sites. Court documents indicate that its debts amount to approximately $173.1 million, of which about $163.7 million are unsecured promissory notes owed to Poolin Wallet users after withdrawals were frozen in 2022.This acquisition will further expand Hut 8's data center footprint. The former Bitcoin mining company is deeply investing in AI infrastructure, with its second-quarter financial report released in August showing a development pipeline of approximately 8.7 gigawatts, an increase of about 300 megawatts quarter-over-quarter.

According to statistics from Gaogong Robotics, in August of this year, there were a total of 168 winning projects disclosed in domestic bidding related to embodied intelligent robots, with a total amount of approximately 550 million yuan. Among them, products from Yushu Technology appeared in 55 procurement orders and 89 bids, accounting for about one-third, and ranked first in the number of winning bids with 136 medium/full-size humanoid and quadruped robots.In terms of amount, there were only 7 orders at the ten million yuan level, accounting for about 4%. The largest single order was for the "Shanxi Taichu Embodied Intelligent Innovation R&D Center Integrated Technology Operation Service Provider Project," amounting to 122 million yuan, used for the construction of a data collection and training center. In the overall orders, the amount for the data collection training center accounted for about 60%, while the projects flowing into scientific research and education accounted for nearly 80%. Projects directed towards real scenarios such as power inspection, industrial inspection, cultural tourism commercial use, and firefighting accounted for less than 10%.

U.S. Senator John Curtis from Utah, a Republican, wrote to Chuck Grassley, the Chairman of the U.S. Senate Judiciary Committee, and Dick Durbin, the Chief Minority Whip, calling for an investigation into whether Donald Trump Jr. and Hunter Biden exploited their presidential family connections for personal financial gain, and requested subpoenas for both individuals. Curtis pointed out that Donald Trump Jr. had accepted wedding gifts from Russian oligarch Umar Kremlev, actively promoted family-backed cryptocurrency ventures, and served as an advisor for a prediction market platform; the related companies are regulated by the Commodity Futures Trading Commission. Donald Trump stated that his son has returned the relevant funds to Umar Kremlev.Curtis also called for an investigation into Hunter Biden's substantial business dealings with foreign entities, as well as whether the two utilized their relationship with the president to create commercial value. He mentioned that Joe Biden pardoned Hunter Biden in December 2024, who had previously denied involving his father in business transactions. A week prior to this investigation call, Senate Republicans failed to garner enough Democratic support to advance the Digital Asset Market Clear Act. Some Democratic senators opposed the bill, citing reasons including Donald Trump's use of cryptocurrency ventures to gain benefits related to the presidency; Donald Trump disclosed that he earned $1.4 billion from digital asset-related businesses in 2025.

The U.S. Commodity Futures Trading Commission (CFTC) has previously secretly approved at least three insider trading investigations related to Polymarket trading, involving contracts related to Biden's pardons, the Iran war, and Google-related events. The relevant investigation documents were obtained by WIRED through the Freedom of Information Act.Among them, CFTC Chairman Michael Selig approved an investigation into contracts related to Biden's pardons in May, after a trader had profited over $300,000 in the relevant market; in the same month, the CFTC also approved an investigation into Iran war contracts, after a group of suspicious accounts was reported to have profited $2.4 million with a win rate of about 98%. In July, the CFTC further initiated an investigation into Google-related Polymarket contracts, focusing on individuals who may have traded using non-public information regarding Google's 2025 search rankings. The Southern District Attorney's Office in New York is also conducting a parallel investigation.It is currently unclear whether the aforementioned accounts are connected to previously investigated individuals. Polymarket stated that the company would refer the relevant matters to law enforcement and cooperate with the investigation. As the prediction market rapidly expands, U.S. regulators are clearly intensifying their scrutiny of insider trading and market manipulation.

China's largest DRAM manufacturer Changxin Storage (CXMT) has recently launched a bidding for equipment from partners for its new factory in Shanghai and is advancing capacity expansion in multiple locations. CXMT is currently mass-producing DRAM in Hefei Phase II and Beijing Phase I, with an estimated capacity of about 200,000 wafers per month, which may exceed 300,000 wafers per month by the end of the year.CXMT plans to open the new factory in Shanghai in the fourth quarter of this year, and the related equipment bidding has already started. Semiconductor equipment industry insiders say that the factory is planned to be expanded in two phases, with capacity significantly exceeding 100,000 wafers per month. Subsequently, there are plans to open a new factory in Hefei in the first half of next year and the earliest new factory in Beijing in the second half of next year, with another new factory in Hefei opening in the first half of the year after next.Equipment industry insiders say that CXMT has communicated with multiple parties regarding the timing of building factories in various locations. If all plans are realized, CXMT could add at least 70,000 to 80,000 wafers of capacity per month each year from this year until 2028, with a long-term goal of exceeding 600,000 wafers per month. Samsung Electronics and SK Hynix's DRAM capacities are estimated at about 700,000 wafers and 600,000 wafers per month, respectively.

Former U.S. President Biden's son Hunter Biden stated that the LAPTOP Foundation's X account has currently been suspended, and the team is attempting to restore the account. During this period, information will be published through Medium, and the foundation will not withdraw from the LAPTOP project. The accompanying statement mentioned that after establishing an initial liquidity pool of 0.05 USD per token, LAPTOP encountered significant demand and front-running bots, resulting in insufficient initial liquidity from market makers, which caused the token price to fluctuate violently before liquidity was replenished.To improve market liquidity, the team began injecting 4 million LAPTOP tokens into the Aerodrome liquidity pool as incentives starting from 0:00 UTC on September 10, accounting for 0.4% of the total supply. Additionally, two predicted events will settle with "YES," and 10 million LAPTOP tokens will be burned within the first week of launch, accounting for 1% of the total supply. The team stated that there was no presale of LAPTOP, nor were tokens allocated to investors, influencers, or KOLs; 30% of the tokens held by the founders are locked for 6 months and will be unlocked over two years, held in custody by Coinbase Custody, while another 30% allocated for the prediction mechanism is locked for 12 months.80 million LAPTOP tokens can be claimed by users who subscribed to Hunter Biden's Substack before September 6, with a claiming period of 30 days, and any unclaimed portion will be burned. Previously, Hunter Biden expressed that he did not gain any profits from LAPTOP amid the violent fluctuations after the token launch.

Eric Trump, the second son of Donald Trump, posted on X mocking Hunter Biden's cryptocurrency failure, stating, "Hunter Biden should go back to painting."After the launch of the meme coin LAPTOP issued by Hunter Biden on the Base chain today, it experienced a dramatic drop, with a decline of up to 99%.

According to GMGN market information, Biden's son Meme coin LAPTOP is currently priced at 157 USD, with a market capitalization of 12.5 billion USD.As of the time of publication, the trading volume of this token has reached 10.69 million USD.

Former U.S. President Biden's son Hunter Biden issued a post about the Meme coin LAPTOP, stating that the LAPTOP token is now live.

Former Silvergate Bank CEO Alan Lane stated in a Substack post that the political and regulatory pressures from the Biden administration led to the bank's voluntary liquidation in 2023. He mentioned that Silvergate could continue operating after meeting withdrawals equivalent to 70% of demand deposits in the fourth quarter of 2022, and the decision to liquidate was made "in the face of political pressure." The Federal Reserve's Office of Inspector General's review in September 2023 concluded that the liquidation stemmed from reliance on crypto depositors, funding risks, and governance and compliance deficiencies. The SEC had previously charged Silvergate, Lane, and former Chief Risk Officer Kathleen Fraher with misleading investors regarding their anti-money laundering program, with Lane settling for a $1 million fine and a five-year executive ban, while the Federal Reserve imposed a $43 million fine on Silvergate. Lane also cited a statement on crypto risks released by multiple agencies at the beginning of 2023 as evidence of industry pressure, which was later withdrawn in April 2025.

Hunter Biden posted on the X platform to defend his upcoming LAPTOP meme coin, calling it a "recycling" of the laptop scandal that has troubled him for years, and bluntly stated that Trump's TRUMP token is a "scam." He said, "They turned the laptop into a weapon, I turned it into a token." LAPTOP will allocate 20% of the tokens for community airdrops, including nearly a million wallets that lost money on TRUMP; another 30% will be linked to political, crypto, and cultural predictions, with tokens that come true being burned, while those that fail will be donated to charity; the founding team will receive 30%, with a lock-up and release period in place. Biden also warned buyers not to expect him or any other parties to drive up the token's price: "You shouldn't expect me or anyone else to make this token more valuable. LAPTOP is not just about ownership, but about expression." Previously, crypto traders reacted strongly to the project, Kraken has deleted related promotional posts, and video journalist Andrew Callaghan announced he would distance himself from the project after learning that his audience was included in the token distribution plan. Base founder Jesse Pollak stated that the project team had approached his team, but Base made a "conscious decision" not to participate in the design or promotion of the token.

The meme coin LAPTOP, launched by Hunter Biden, the son of former U.S. President, announced the airdrop details on social media, with 20% of the total supply of LAPTOP tokens to be distributed for free to the community. Among this, 2% is reserved for users who incurred losses in Trump-related meme coins and other designated groups, 8% is allocated to Hunter Biden Substack subscribers as of September 6, 2026, and another 10% is set aside for future community airdrops.Claims will open on September 9, 2026, at 8:00 AM (Eastern Time), and community users will have 30 days to claim from the launch date. LAPTOP is a meme coin created for entertainment and community engagement purposes and does not represent any equity, ownership, or other economic interests.