Crypto KOL Rune questions the fairness of LAPTOP's token distribution: subscribers dumped their airdropped tokens en masse, causing the token price to plummet 95% in 15 minutes.

According to BIT (bit.com) market data, the three major U.S. stock indexes fell collectively at opening: the Dow Jones Industrial Average dropped 0.70%, the S&P 500 declined 0.29%, and the Nasdaq Composite fell 0.34%. Optical communication concept stocks led gains: Nokia (NOK) rose 4.11%, Marvell Technology (MRVL) gained 3.38%, Astera Labs (ALAB) increased 2.98%, Coherent (COHR) rose 2.92%, and Lumentum (LITE) climbed 2.81%. The storage sector saw broad-based gains: SK Hynix (SKHY) advanced 3.36%, Western Digital (WDC) rose 1.55%, Seagate Technology (STX) gained 0.44%, SanDisk (SNDK) increased 0.43%, and Micron Technology (MU) climbed 0.31%. Semiconductor stocks extended their rally: Arm (ARM) rose 4.68%, Marvell Technology (MRVL) gained 3.38%, Qualcomm (QCOM) advanced 2.86%, and AMD increased 1.86%. The Neocloud sector was mixed: Nebius (NBIS) rose 1.95%, Hut 8 (HUT) gained 1.17%, Applied Digital (APLD) advanced 0.55%; Cipher Digital (CIFR) fell 1.76%, and Galaxy Digital (GLXY) declined 1.11%.

Hyperliquid Policy Center (HPC) has filed an amicus curiae brief with the U.S. District Court for the District of Columbia, urging the court to dismiss the lawsuit brought by CME against the Commodity Futures Trading Commission (CFTC). The brief was submitted on behalf of Elizabeth Prelogar, former U.S. Solicitor General at law firm Cooley. In May this year, the CFTC approved Kalshi’s launch of Bitcoin perpetual contracts as futures products on its U.S.-regulated trading platform, and confirmed that other U.S. derivatives exchanges could also offer similar digital asset contracts. CME later filed the lawsuit, seeking to overturn the regulator’s decision. HPC contends that CME cannot demonstrate the CFTC’s ruling caused it actual harm, thus failing to meet the standing requirement under Article III of the U.S. Constitution. Furthermore, the Commodity Exchange Act is intended to promote responsible innovation and fair competition among exchanges, and CME’s effort to block rivals from launching new products falls outside the scope of protection provided by this law. HPC adds that the case’s outcome could also affect the entry of perpetual contracts and on-chain platforms like Hyperliquid into the U.S. regulatory system.

According to market data from BIT (bit.com), U.S. stocks opened with the Dow Jones Industrial Average down 0.15%, the S&P 500 index down 0.25%, and the Nasdaq down 0.36%. Meta Platforms (META) rose more than 5% after launching its personal AI agent, Muse. Amazon (AMZN) fell 1.2% as it issued its first four-part pound-denominated bond. Apple (AAPL) edged down 0.2% ahead of its highly anticipated event.

According to Lookonchain's monitoring, Wintermute has received 2.5 million LAPTOP tokens from the LAPTOP token team and is currently selling them on-chain. As of now, Wintermute has sold 466,255 LAPTOP tokens at an average price of $4.47, with total proceeds of approximately $2.08 million.

According to Fortune, global payment infrastructure company Latitude has closed a $35 million Series A funding round, led by Oak HC/FT with participation from NEA, Coinbase, Lightspeed Faction, and OpenFX. Latitude previously completed an $8 million seed round; the valuation of the latest round was not disclosed. Founded by industry professionals with backgrounds at Stripe, Uber, Coinbase, and Meta, Latitude primarily provides infrastructure for digital banks, payroll platforms, marketplaces, and financial institutions, enabling enterprises to conduct cross-border transfers via stablecoins and disburse funds in local currencies to bank accounts or mobile wallets. The capital from this round will be used to expand its compliance, engineering, legal, and sales teams. Latitude currently holds or maintains relevant licenses across 45 U.S. markets, and plans to apply for direct regulatory approvals in Southeast Asia, Latin America, and Africa to further expand its operations outside the U.S.

According to GMGN data, the Meme coin LAPTOP FDV, issued by U.S. President Biden’s son, hit a peak fully diluted valuation (FDV) of over $300 billion within two hours of its launch, then slumped to $18 billion, representing a roughly 99.43% decline, with a trading volume of $9.6 million.