Jupiter DeFi Airdrop on Solana Dated, With Meme Coin Also Coming

Rep. Brandon Gill (R-TX) failed to disclose up to $500,000 in Bitcoin purchases within the 45-day window mandated by federal law, raising concerns about transparency and conflicts of interest among crypto-investing lawmakers. The STOCK Act, passed in 2012, requires timely reporting of lawmakers’ securities transactions, including those involving digital assets, to prevent insider trading.

Strategy, formerly MicroStrategy, plans to raise $250 million by selling preferred stock for Bitcoin purchases and operational expenses. The stock, named "10% Series A Perpetual Stride Preferred Stock” (STRD), will offer a 10% annual dividend yield and be listed on Nasdaq.

Solana, XRP, and Dogecoin experienced varying degrees of decline over the past week, with Solana dropping more than 10% to $156. The broader market pullback in digital assets is attributed to renewed investor caution due to trade tensions and macroeconomic uncertainty.

In 2021, Elon Musk's Bitcoin tweet caused concern over proof-of-work mining's environmental impact. Now, a study predicts AI could surpass Bitcoin in global data center electricity usage by 2025. Companies like Google and Microsoft are increasing electricity consumption due to AI, but lack transparency.

Vitalik Buterin, Ethereum's co-founder, foresees a tenfold growth in the network's capabilities within the next year. He emphasized the need to scale Ethereum's Layer 1 (L1) gradually to avoid centralization risks. Despite facing competition from faster networks like Solana, Ethereum has rallied recently.

Circle has increased its IPO plans, aiming to sell 32 million shares at $27-$28 each to raise up to $896 million, up from the initial plan of 24 million shares. The revised plan values the stablecoin issuer at $7.2 billion, indicating heightened investor interest.

Consensys, led by CEO Joe Lubin, is acquiring Web3Auth to enhance MetaMask, a top non-custodial crypto wallet with 250 million users. The acquisition aims to simplify wallet access for beginners who may struggle with seed phrases. (Disclosure: Consensys is one of 22 investors in an editorially independent Decrypt.)

Bonk Arena, the first licensed game for Solana meme coin Bonk, is a fast-paced arcade shooter playable on web browsers and the Phantom wallet app. Players pay 10,000 BONK to spawn and can earn rewards by killing others in the game.

SharpLink Gaming's shares have plummeted by over 38% since the market opened, despite securing an investment round to acquire up to $425 million in Ethereum. The company's stock surged to $124 but now trades at $47.16, down 62% from its peak last week.

Metaplanet, Japan's first Bitcoin treasury firm, has purchased 1,088 BTC for $117.3 million, bringing its total holdings to 8,888 BTC—about $927 million worth. With a 225% yield in the past year, the company's market cap is $3.82 billion, making it the 3,217th most valuable globally.