Labubu Meme Coin Skyrockets in Value As Stores Pull Labubu Dolls Over Safety Concerns

SOL Strategies, a Canadian company focused on the Solana blockchain, has filed a $1 billion preliminary short-form base shelf prospectus to increase financial flexibility for investments in the Solana ecosystem. The filing allows for potential capital raises without delays from regulatory approvals.

A U.S. court invalidated President Trump's tariff regime, ruling he exceeded his authority under the International Emergency Economic Powers Act. The decision led to gains in Dow, S&P 500, and Nasdaq futures, with Bitcoin falling 1% to $110,800.

Metaplanet issued $21 million in zero-interest bonds to EVO FUND, aiming to buy more Bitcoin and increase its corporate holdings. The company has raised a total of $135.2 million this year through multiple bond issuances, inching closer to its goal of owning 10,000 BTC by 2025.

New York Mayor Eric Adams advocated for a Bitcoin Bond and the removal of BitLicense requirements to attract the crypto community to the city. He emphasized the need for a welcoming environment for crypto businesses and highlighted the potential economic benefits for New York City.

Eric Trump and Donald Trump Jr. promoted cryptocurrency and their digital asset ventures at the Bitcoin 2025 conference, emphasizing their involvement in the crypto community despite criticism over potential conflicts of interest. The Trump family's engagement with the industry has raised concerns about personal enrichment.

The FCA is seeking feedback on its stablecoins regime to ensure stablecoins maintain value and prevent failures. Regulators are closely monitoring stablecoins after the collapse of terraUSD in 2022.

In a recent move, the U.S. Department of Labor rescinded 2022 guidance that discouraged workplace 401(k) digital asset investing, aiming to maintain a neutral stance on the matter. This decision aligns with the current administration's efforts to be more crypto-friendly and reduce regulatory constraints on the digital asset industry.

K33, a Norway-based crypto brokerage, secured financing to purchase over 60 million Swedish krona in Bitcoin. The firm plans to issue new shares and debt to acquire the cryptocurrency, believing it will play a crucial role in the global financial system.

Vice President JD Vance addressed the Bitcoin 2025 conference, emphasizing the importance of digital assets and promising a supportive regulatory framework. Vance highlighted the need to clean up regulatory hurdles and ensure crypto's place in the mainstream economy.

The Open Network's Toncoin surged nearly 12% following reports of Telegram's potential $1.5 billion raise and a $300 million deal with Elon Musk's xAI. Telegram aims to issue 9% yield bonds, attracting interest from major investment firms like Mubadala and BlackRock.