Crypto stocks rally as Bitcoin approaches major milestone
FOX Business’ Stuart Varney and Ashley Webster discuss the stock market rally.
Hunter Biden is teasing the launch of a cryptocurrency meme coin inspired by his notorious laptop as his next business venture.
“$LAPTOP September 9,” Biden wrote Monday on X, sharing a video of media reports referencing infamous computer that was left at a Delaware repair shop before its contents were released in an October surprise during the 2020 presidential election.
$LAPTOP will launch Wednesday on the Base ledger under Coinbase Global
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Hunter Biden is launch a new meme coin $LAPTOP being released Wednesday.(Kevin Dietsch/
Biden teased his latest financial foray back in June in an X post, where he denounced many of President Donald Trump’s initiatives and called them a distraction.
“Things we’re told to fight about: Me. Laptop. Vaccines. Transgenders in sports. Pronouns,” Biden wrote on June 5.
“Fiat is a sham, the banking class is corrupt, decentralized digital currency and the blockchain are the inevitable future, and the incumbents will fight it to the death,” he added in a reply.
WHAT ARE MEME COINS? THE HIGH-RISK CRYPTO ASSETS EXPLAINED
Representation of Bitcoin is seen with binary code displayed on a laptop screen in this illustration photo taken in Krakow, Poland, on Aug. 17, 2021.(Jakub Porzycki/NurPhoto
Meme coins are not backed by underlying protocols or utility, deriving value almost entirely from social media hype, viral trends and speculative sentiment, making them unpredictable assets where prices can crash as quickly as they surge.
There will reportedly be 1 billion $Laptop tokens issued, with 30% held by Biden and the founders and locked for six months, fully vesting in two years. Another 20% of the tokens will be distributed in two batches to holders who lost money on Trump’s $TRUMP meme coin, as well as subscribers to Biden’s Substack.
The other half billion tokens will go to liquidity and operations (20%) and 30% to a deflationary “event burn” on 30 real-world triggers over a specified timeframe — including whether a Democrat wins the 2028 presidential election, Bitcoin reaches a new all-time high, or $LAPTOP’s valuation flips $TRUMP, according to the Journal.
In a July Substack, Hunter Biden detailed the story of his infamous laptop and how it chronicled his struggles with addition.
COINBASE SHARES SOAR AMID GROWING DECENTRALIZED FINANCE INTEREST
Elon Musk has been a leader of the meme coin craze with the DOGE coin before bringing the Department of Government Efficiency to President Donald Trump’s White House.(Samuel Corum/
“So. The laptop. Here is what was on it. Twenty years of my life, or a version of it,” he wrote on X. “Messages sent at hours that don’t belong to anyone sober. Photographs I would never have taken in daylight. A record of every way a body can fail its owner when the owner has stopped trying to help. None of it is a single dramatic moment. It is accumulation, the slow daily work of an addict doing the thing that is killing him because the alternative feels like dying faster.”
“All of that was on it,” he said. “I am not denying any of it.”
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| GBTC | GRAYSCALE BITCOIN TRUST ETF – USD ACC | 60.65 | -1.08 | -1.75% |
| COIN | COINBASE GLOBAL INC. | 178.94 | -5.70 | -3.09% |
| META | META PLATFORMS INC. | 613.48 | -3.29 | -0.53% |
| DJT | TRUMP MEDIA & TECHNOLOGY GROUP CORP | 9.23 | +0.21 | +2.33% |
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“That is not a small thing to say,” he added. “I have spent years in rooms where men and women with far less scrutiny than I have faced tore themselves apart trying to account for what they did in the middle of their disease.”
