Crypto Chaos: LAPTOP Implodes, Liquid Network Resumes Production
The cryptocurrency market witnessed several significant events this week, including the launch of Hunter Biden's meme coin, LAPTOP. The coin dropped by 98% in just 90 minutes after its launch, plummeting from a high of $199 to an all-time low of $1.36.
This development is reminiscent of the Trump launch in early 2025, which marked the peak of memecoin euphoria for over a year. The Liquid Network also resumed block production after a white-hat hacker took control of nearly 4,000 BTC and gave themselves a 'tip' of 600 BTC.
A cybercrime ringleader in Singapore has pleaded guilty to directing a network that stole and laundered more than $245 million in cryptocurrency. The group impersonated Google and Gemini personnel to persuade the victim to reveal sensitive information stored in Google Drive, allowing them to raid wallets and exchange accounts.