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Hunter Biden stated that the LAPTOP will release 4 million tokens to incentivize liquidity and will destroy 10 million tokens

Former U.S. President Biden's son Hunter Biden stated that the LAPTOP Foundation's X account has currently been suspended, and the team is attempting to restore the account. During this period, information will be published through Medium, and the foundation will not withdraw from the LAPTOP project. The accompanying statement mentioned that after establishing an initial liquidity pool of 0.05 USD per token, LAPTOP encountered significant demand and front-running bots, resulting in insufficient initial liquidity from market makers, which caused the token price to fluctuate violently before liquidity was replenished.To improve market liquidity, the team began injecting 4 million LAPTOP tokens into the Aerodrome liquidity pool as incentives starting from 0:00 UTC on September 10, accounting for 0.4% of the total supply. Additionally, two predicted events will settle with "YES," and 10 million LAPTOP tokens will be burned within the first week of launch, accounting for 1% of the total supply. The team stated that there was no presale of LAPTOP, nor were tokens allocated to investors, influencers, or KOLs; 30% of the tokens held by the founders are locked for 6 months and will be unlocked over two years, held in custody by Coinbase Custody, while another 30% allocated for the prediction mechanism is locked for 12 months.80 million LAPTOP tokens can be claimed by users who subscribed to Hunter Biden's Substack before September 6, with a claiming period of 30 days, and any unclaimed portion will be burned. Previously, Hunter Biden expressed that he did not gain any profits from LAPTOP amid the violent fluctuations after the token launch.

first_img Metaplanet CEO responds to equity incentive doubts, shareholders say key issues remain unresolved

The CEO of Bitcoin Reserve Company Metaplanet, Simon Gerovich, posted on the X platform in response to the controversy surrounding the company's equity incentive plan and MMXX Ventures. Gerovich admitted that the company "failed to adequately explain" the incentive arrangement known as "Series 10 Stock Options" and stated that he is a "significant but non-controlling shareholder" of MMXX's parent company, not involved in its trading decisions.The controversy stems from a stock rights plan established in December 2022, with a reward pool set at 20% of Metaplanet's fully diluted equity. After shifting to a Bitcoin reserve strategy in April 2024, the company dilutes existing shareholders with each new share issuance, while Gerovich's option rights increase accordingly. On August 18, the board canceled the floating adjustment mechanism, fixing the Series 10 pool at 319 million shares and setting a five-year lock-up period, but did not restore the reward pool to the level it was at when the Bitcoin strategy was initiated. On August 28, Gerovich exercised 92,000 Series 10 options, acquiring 64 million new shares, and currently holds about 6.2% of the company; he and MMXX together hold over 27% of the fully diluted equity.Shareholders expressed dissatisfaction. A shareholder using the pseudonym The Bitcoin Pharaoh stated on X that the adjustments in August were "a step in the right direction," but demanded that Gerovich address the issues that have arisen, disclose the owners of MMXX, and restore the reward pool to the level it was at when the Bitcoin strategy was initiated.

first_img Ireland's new tax incentive investment accounts will exclude cryptocurrencies

Ireland is preparing to exclude cryptocurrencies from the government-designed personal investment accounts set to launch in 2027, which will allow savers to invest in listed stocks, bonds, and exchange-traded funds (ETFs). The Irish government has classified cryptocurrencies and derivatives as "highly complex and higher-risk products" in its retail investment tax roadmap, and they will not be included in the scope of qualifying assets.The new accounts will set a yet-to-be-determined tax-free threshold, with amounts above the threshold subject to a low tax rate based on annual average value, and the existing deemed-disposal regime (which taxes unrealized gains at a rate of 38% every eight years) will not apply to investments within the accounts. Account providers will be responsible for calculating, reporting, and paying taxes to the Irish Revenue Commissioners, and savers will not face minimum contribution amounts, holding period, or lock-in period restrictions.The product list follows the European Commission's September 2025 recommendations regarding savings and investment accounts, which exclude high-risk and complex derivatives and cryptocurrencies, but with the exception of tokenized financial instruments. Tax rates, thresholds, and annual contribution limits are expected to be determined in the 2027 budget to be announced in October. Research from the Central Bank of Ireland shows that 38% of Irish households' financial assets are held in cash and deposits, higher than the EU average of 30%.
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