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Binance Futures will launch
MERL
USDT-margined perpetual contracts with up to 50x leverage. Binance Alpha has listed MERL (MERL). Merlin Chain is a
Bitcoin
Layer 2. https://www.binance.com/en/support/announcement/90c9ef3a52a4420b8b8480dd9aeecc9b
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Canadian Stock Exchange-listed company Sol Strategies has filed with the U.S. Securities and Exchange Commission to trade on Nasdaq under the ticker symbol "STKE." The company has been accumulating SOL as a treasury asset and operating Solana validators, with current holdings exceeding 420,000 SOL.
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Stablecoin market supply exceeds $250 billion, per Delphi Digital. Tether and Circle dominate with 86% of circulation. Yield-bearing stablecoins grow rapidly, with Ethena nearing $6 billion since launch. Over 10 stablecoins have circulation above $1 billion, showing increased issuer diversity. Over $120 billion in U.S. Treasuries are locked in stablecoins, forming a liquidity pool outside traditional markets.
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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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