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Crypto

Hunter Biden memecoin hits $144 billion then plunges 95 percent in 30 minutes

A memecoin called LAPTOP, which Hunter Biden helped found, surged immediately after trading began and then fell more than 95 percent in about 30 minutes. Cryptopolitan reported the token started trading on Coinbase-built Base and peaked within minutes. Arkham estimated fully diluted value briefly hit $144 billion before dropping to $5 billion. Large token transfers were detected, and one tracked wallet suffered heavy losses. Analysts also warned about concentrated, recently created top holder wallets.

Crypto

Hunter Biden to launch \'LAPTOP\' memecoin tied to laptop controversy

Hunter Biden (헌터 바이든) will launch a memecoin called LAPTOP, themed on the laptop controversy surrounding him, on Coinbase-built Base on Sept. 9. The token supply totals 1 billion, with 200 million set aside for two airdrops. Eligible recipients include wallets that lost money investing in U.S. President Donald Trump\'s TRUMP memecoin, Biden\'s Substack subscribers and subscribers to Andrew Callaghan\'s mailing list. The project also outlines founder allocations and conditional token burns.

Crypto

XRP ETF growth strong, but Bitwise CEO says no $1 billion fund yet

The XRP spot exchange-traded fund market is growing quickly, but no single product has exceeded $1 billion in assets, the article said. Bitwise’s Solana staking ETF, BSOL, surpassed that level 10 months after launch, while XRP spot ETFs have not. Bitwise CEO Hunter Horsley said only Bitcoin, Ethereum and Solana have spot crypto ETFs above $1 billion. XRP ETFs rely on spot demand because XRP Ledger lacks native staking, the article said.