Memecoin Frenzy Hits Solana as Crypto Heists Reach New Heights
This week's crypto news saw the rise of memecoin trading on Solana through Pump.fun, which allowed users to pair tokens with tokenized stocks and other assets. Meanwhile, Hunter Biden's new meme coin, LAPTOP, tanked by 98% in just 90 minutes after its launch.
LAPTOP's collapse is reminiscent of the TRUMP meme coin, which marked the peak of memecoin euphoria in early 2025. The Liquid Network also made a significant recovery after being exploited for nearly 4,000 BTC, with hackers taking control and giving themselves a 'tip' of 600 BTC.
A cybercrime network led by Malone Lam admitted to stealing over $245 million in cryptocurrency through deception and brazen home break-ins. The heist involved impersonating Google and Gemini personnel to persuade the victim to reveal sensitive information.