Hunter Biden will reportedly distribute 200 million of the LAPTOP token to his substack subscribers, members of a mailing list and investors in President Donald Trump’s memecoin. Hunter Biden, son of former US President Joe Biden, announced that he plans to launch a memecoin based on the reports of his infamous laptop, which has been subject to intense media scrutiny. In a Monday announcement on X, Hunter Biden posted the memecoin’s ticker symbol, $LAPTOP, signaling a Wednesday launch. The Wall Street Journal reported that Biden would send 20% of the one-billion token supply to substack subscribers, members of a mailing list and investors in President Donald Trump’s memecoin, Official Trump (TRUMP), whose value has dropped by about 97% since reaching an all-time high price in January 2025. Source: Hunter Biden Read more
Donald Trump Jr.-linked 1789 Capital will reportedly lead a $1 billion investment round into Polymarket, which would value the platform at $21 billion, just below Kalshi’s $22 billion valuation. Donald Trump Jr.-linked investment firm 1789 Capital is reportedly investing about $300 million in Polymarket, a blockchain-based prediction market. 1789 Capital, where Donald Trump Jr. is a partner, will make the $300 million investment as part of a $1 billion round that would value Polymarket at $21 billion, people familiar with the matter told the Wall Street Journal on Monday. The investment would bring 1789 Capital’s total investment in Polymarket to about $500 million and make it one of the platform’s largest backers. Read more
While investors in World Liberty Financial‘s USD1 stablecoin “haven’t suffered major losses,” many lost billions of dollars in other Trump ventures, according to Public Citizen. The nonprofit consumer advocacy organization Public Citizen reported that US President Donald Trump “left investors at least an estimated $4.7 billion underwater” since 2022 through his and his family’s digital asset ventures. According to Public Citizen, investors lost billions of dollars through the Trump family World Liberty Financial governance token, the president’s nonfungible token (NFT) trading cards launched in 2022, his memecoin Official Trump (TRUMP) and Trump Media’s digital asset treasury. The bulk of the estimated losses, according to the organization, came from investors in the TRUMP memecoin, with $3.2 billion lost, while buyers of World Liberty Financial‘s USD1 stablecoin “haven’t suffered major losses.” Public Citizen said that in the case of the memecoin, the losses represented “wealth transferred to a small group ...
A new poll showed 63% of 1,166 Americans varied sharply along partisan lines, with a majority of Republicans saying it was appropriate for Trump and his family to invest in crypto. A new poll conducted by Reuters/Ipsos found that a majority of respondents in the US believed it was not “appropriate” for US President Donald Trump and his family to earn through cryptocurrency investments while in office. According to the results of the poll of 1,166 people between Aug. 14-17, 63% of the respondents said it wasn’t appropriate for Trump and his family to earn money from crypto. Notably, 69% of Republicans polled said it was appropriate, while an overwhelming majority of Democrats, 92%, responded negatively. Source: Reuters Read more
HYPE reached $72 after Trump said the CFTC was pursuing compliant US access for Hyperliquid, though no formal regulatory plan has been released. Hyperliquid’s native token surged more than 20% over 24 hours after United States President Donald Trump said regulators were working on a compliant pathway to make the decentralized trading platform available to American users. HYPE traded around $62 immediately before Trump’s remarks and subsequently jumped as much as 16% to a 24-hour high of $72.28, according to CoinGecko. It later settled to about $70, up approximately 20% in the last day, with 24-hour trading volume reaching $1.4 billion. “I understand that Mike is also working to bring Hyperliquid into the United States in a fully compliant and legal fashion,” Trump said during a Wednesday White House event, referring to Commodity Futures Trading Commission (CFTC) Chair Michael Selig. “Working very hard on that.” Read more
Donald Trump spoke from the White House on Wednesday, urging the Senate to pass a crypto market structure bill to keep the country “ahead of China.” Update (Aug. 19, 8:55 pm UTC): This article has been updated to include comments from Senator Ruben Gallego at the Wyoming Blockchain Symposium. US President Donald Trump continued to push for passage of a crypto market structure bill as the Senate remains in recess. In a Wednesday press conference with crypto company executives including Coinbase CEO Brian Armstrong and Gemini co-founders Cameron and Tyler Winklevoss, Trump said members of Congress should pass “a fair version” of the Digital Asset Market Clarity (CLARITY) Act to keep the US “ahead of China.” The market structure bill, passed by the House of Representatives in July 2025, has been stalled in the Senate for months amid concerns about tokenized equities, stablecoin rewards and the Trump family’s potential conflicts of interest with the crypto industry. Read more
The US financial regulator gave conditional approval for World Liberty Financial’s charter bid as ten Democrats signed onto a bill to “prevent corruption in banking applications.“ Amid scrutiny and accusations of conflicts of interest from many lawmakers, the US Office of the Comptroller of the Currency (OCC) gave conditional approval for World Liberty Financial’s application for a national trust bank. In a Friday notice, the OCC said the conditional approval for World Liberty’s charter application, subject to certain regulatory and policy requirements, would allow the company to operate under the title World Liberty Trust Company, National Association. According to its application, the World Liberty bank proposed issuing US dollar-backed stablecoins and custodying digital assets related to the company’s USD1 token. The OCC approval came amid concerns about potential conflicts of interest between World Liberty and US President Donald Trump’s family. The president and his three sons are affiliated with the com...
An individual behind the Aqua 1 entity that purchased $100 million worth of World Liberty Financial tokens in 2025 is reportedly a businessman with ties to the UK and UAE. An individual previously under investigation in the UK for money laundering following the collapse of a cryptocurrency business was reportedly behind buying $100 million worth of tokens from the Trump family company, World Liberty Financial. According to a Sunday New York Times report, Guren Zhou, also known as Bobby, was behind the Aqua 1 entity that purchased $100 million of WLFI tokens from the Trump family crypto business in June 2025. The token purchase financially benefitted members of US President Donald Trump’s family and that of World Liberty co-founder Zach Witkoff. Zhou’s reported involvement in the World Liberty purchase followed speculation that the individual behind Aqua 1 was Dave Lee. The Aqua 1 foundation acknowledged in July 2025 that Lee joined the company as co-founder and CEO in April 2025, but did not say whether he wa...
The latest bipartisan ethics proposal would reportedly require Trump to divest crypto businesses while allowing him to defer capital gains taxes on those sales. A bipartisan ethics proposal pitched to US President Donald Trump to secure passage of the crypto market structure bill in Congress could create a significant tax benefit for the president, Bloomberg reported Thursday. The ethics addendum, which has not been made public, includes a provision requiring the president to divest from crypto-related businesses, according to people familiar with the matter. The proposal would reportedly allow Trump to defer capital gains taxes on any required divestitures, potentially leading to tax savings in the millions. Democratic concerns over Trump’s crypto conflicts have been a central obstacle to passing the market-structure bill. Senators have been working on an ethics addendum meant to break that impasse, though the reported tax-deferral benefit could become another point of contention for Democrats to question ...