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Nasdaq-listed Lion Group (LGHL) secured $600M from ATW Partners to launch a Hyperliquid (HYPE) treasury, with HYPE as its main reserve asset and allocations to SOL and SUI. Earlier, Eyenovia committed $50M to a similar HYPE treasury. https://www.investing.com/news/cryptocurrency-news/lion-group-holding-secures-600m-facility-to-launch-hyperliquid-hype-treasury-432SI-4101189
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Pump Fun's parent company, Baton Corporation, has hired top lawyers from Brown Rudnick to fight the lawsuit filed by Burwick Law. The defense team includes former SEC investigator Daniel L. Sachs, crypto litigation expert Kyle P. Dorso, and veteran attorney Stephen D. Palley. Burwick Law previously accused Pump Fun of profiting millions from unregistered volatile securities.
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South Korea's largest cryptocurrency exchange, Upbit, will list RAY/KRW and RAY/USDT trading pairs. Trading will open at 12:00 PM (local time). Raydium (RAY) is an automated market maker (AMM) protocol and liquidity platform built on the Solana blockchain. https://upbit.com/service_center/notice?id=5248
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President Trump stated that the Senate has just passed an “incredible” bill that will make the United States the “undisputed leader” in the field of digital assets. He called the bill a “pure genius,” saying it would bring massive investment and major innovation. He urged the House to swiftly pass a “clean version” of the GENIUS Act and send it to the president's desk as soon as possible, emphasizing: “No delays, no add-ons.”
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Crypto prime brokerage FalconX is in early-stage talks for an IPO and may begin the listing process as soon as 2025 to meet growing institutional demand for digital assets. The company last raised $150 million in 2022 at a valuation of $8 billion. https://decrypt.co/325918/crypto-prime-brokerage-falconx-early-talks-ipo
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