President Trump's Solana Meme Coin Just Skyrocketed—Here's Why

Morgan Stanley plans to use The Bank of New York Mellon and Coinbase Custody Trust Company to custody Bitcoin for its proposed Morgan Stanley Bitcoin Trust, following a similar setup to existing Bitcoin ETFs like BlackRock's iShares Bitcoin Trust. The firm has not yet received approval from the SEC for the new Bitcoin ETF.

A former South Korean police officer has been sentenced to six years in prison for accepting bribes totaling 120 million won, or $82,000, while investigating cryptocurrency fraud cases. The officer, identified as "Person A," received cash and "entertainment fees" from individuals under investigation, leading to a heavy guilt and condemnation possibility.

The Federal Reserve Bank of Kansas City granted a master account to crypto firm Kraken, sparking criticism from traditional banking industry groups. The approval, which allows access to Fed's payment services, is seen as risky and a violation of the central bank's policies.

The Solana-based meme coin Sanae Token, named after Prime Minister Sanae Takaichi, faces a potential official investigation by Japan's top financial regulator due to lack of proper permits. Despite claims of being a political movement, the token's rapid price surges have raised concerns.

Three individuals, aged 21 to 23, were sentenced to five years in prison for violently robbing a victim of cash and crypto in Omsk, Russia. The attackers threatened the victim with a knife, beat him, and demanded cryptocurrencies and cash.

Taiwanese prosecutors have indicted 62 individuals, including the chairman of Prince Group, for alleged involvement in a transnational criminal organization. The group is accused of laundering $339 million through Taiwan using shell companies and luxury purchases, disrupting the country's financial order.

Ark Invest, led by Cathie Wood, purchased $4 million in Coinbase and $12 million in Robinhood during a market dip caused by war uncertainty. Despite recent rebounds, both stocks remain down significantly over the past six months.

Tether has invested $50 million in Eight Sleep, a sleep technology startup, to develop new AI health features using Tether’s QVAC architecture. Eight Sleep's sensor-equipped sleep systems track biometrics like heart rate and temperature, adjusting mattress temperature based on real-time data.

The Sui Dollar (USDsui), a stablecoin on the Sui blockchain, will reinvest income from its backing assets back into the ecosystem. Yield from bonds and assets will be used for buybacks, DeFi protocols, and market making.

Tron, with a $26 billion market cap, stands out as the most profitable blockchain network, generating $624 million in revenue last year with minimal inflationary costs. Ethereum and Solana, on the other hand, faced losses in 2025, highlighting the importance of financial performance as institutions scrutinize the industry.