BTC $79,232.31 -0.85%
ETH $2,494.90 -0.17%
BNB $739.74 -1.56%
XRP $1.40 -1.65%
SOL $104.09 -1.55%
TRX $0.3345 -0.43%
DOGE $0.0906 +0.44%
ADA $0.2210 +0.04%
BCH $260.58 +1.03%
LINK $12.78 -2.27%
HYPE $85.37 -2.80%
AAVE $132.43 -0.73%
SUI $0.8322 +3.03%
XLM $0.1928 +4.11%
ZEC $1,155.60 -5.03%
BTC $79,232.31 -0.85%
ETH $2,494.90 -0.17%
BNB $739.74 -1.56%
XRP $1.40 -1.65%
SOL $104.09 -1.55%
TRX $0.3345 -0.43%
DOGE $0.0906 +0.44%
ADA $0.2210 +0.04%
BCH $260.58 +1.03%
LINK $12.78 -2.27%
HYPE $85.37 -2.80%
AAVE $132.43 -0.73%
SUI $0.8322 +3.03%
XLM $0.1928 +4.11%
ZEC $1,155.60 -5.03%

for

All
Article
Flash

The Wall Street Journal: Former U.S. President Biden's son plans to launch the meme coin LAPTOP

According to the Wall Street Journal, Hunter Biden, the son of former U.S. President Joe Biden, will launch a meme coin named LAPTOP, named after his laptop incident, scheduled to go live on the Base network under Coinbase on September 9.The founding team of the project, including Hunter Biden, will hold 30% of the total token supply (1 billion tokens), with that portion locked for 6 months and fully unlocked over two years; another 20% of the tokens will be airdropped in two batches to users who previously lost money on the Trump meme coin TRUMP, Hunter Biden's Substack subscribers and their friends, and users on the mailing list maintained by video journalist Andrew Callaghan; the remaining 20% will be used for charitable donations, liquidity, and distribution to exchange partners and market makers, as well as covering the accounting, legal, administrative, and compliance costs of the token foundation.It is reported that the founding team has also agreed on a destruction mechanism that includes 30 preset events; if the relevant events achieve the preset results within the designated time (such as the Democratic Party winning the 2028 presidential election, Bitcoin reaching a new historical high, LAPTOP's fully diluted valuation exceeding TRUMP, etc.), up to 30% of the token supply may be destroyed; if not achieved, the tokens will be donated to charitable organizations proportionally.The report notes that Hunter Biden has recently been frequently participating in podcasts, news programs, and writing Substack articles discussing his views on cryptocurrency, and has commented on the controversy between the Trump family's crypto project World Liberty Financial and Sun Yuchen.

first_img The Central Bank of the Philippines plans to freeze the registration of payment operators for 12 months, tightening VASP regulation

The Bangko Sentral ng Pilipinas (BSP) has released a proposed announcement to suspend the acceptance of new applications for registration of payment system operators (OPS) for 12 months and to implement stricter controls on payment arrangements involving virtual asset service providers (VASP). The BSP stated that this move aims to conduct a comprehensive review of its classification and licensing framework.According to the draft, during the suspension period, the BSP will stop accepting and processing OPS applications. Applications submitted prior to the suspension can continue to be evaluated, but will not be approved or rejected until the suspension ends. Relevant entities are prohibited from conducting business activities that require OPS registration unless they obtain special authorization from the regulatory agency. In addition, BSP-regulated entities providing merchant acquiring services must connect licensed VASPs through direct merchant arrangements, and such relationships will be subject to enhanced due diligence, transaction and settlement limits, and other risk control measures.This requirement applies to virtual asset enterprises licensed, registered, or authorized by the BSP, the Securities and Exchange Commission of the Philippines, or other regulatory agencies, with VASPs being categorized alongside betting, gaming, adult industry, and money service businesses. If the draft is ultimately approved, it will take effect 15 days after publication, and the BSP is currently seeking public comments.

first_img Samsung's 4-nanometer production capacity is more than half used for HBM4 substrate chips

Samsung Electronics' wafer foundry division has recently surpassed 50% in the allocation of production capacity for the sixth-generation high bandwidth memory HBM4 substrate chips in the 4-nanometer process. The industry states that this division will invest more than half of its 4-nanometer wafers into HBM4 substrate chip manufacturing in the second half of this year to expand supply to companies like NVIDIA, Broadcom, and AMD.Samsung initiated mass production and shipment of HBM4 in February this year and plans to increase supply starting from the third quarter, significantly increasing the related wafer input since mid-year. This chip is based on Samsung's wafer foundry 4-nanometer (SF4) process. As of last month, over 50% of its total 4-nanometer capacity has been allocated to HBM4 substrate chips. According to insiders, Samsung's 4-nanometer process is currently at full capacity, with HBM4 substrate chips accounting for about 50% to 60%, and this high proportion will be maintained in the second half of the year.Samsung's wafer foundry production lines at Pyeongtaek Plant 2 and Plant 3 are mass-producing processes ranging from 4 to 7 nanometers, with a monthly capacity of about 30,000 wafers for the 4-nanometer process. Based on this, the wafer input related to HBM4 substrate chips is estimated to be about 15,000 wafers per month. During the second quarter earnings call, Samsung stated that it expects HBM4 revenue to increase more than threefold quarter-over-quarter in the third quarter, with HBM4 revenue in the second half expected to exceed 60% of the company's overall HBM revenue.
app_icon
ChainCatcher Building the Web3 world with innovations.