A bold new musical reimagines SBF, Diddy, and a fictionalised Luigi Mangione as cellmates in a surreal satire of American decline, probing justice, celebrity, and collapse.

Odaily Planet Daily News: A South Korean court declared Haru Invest CEO Lee Hyung-soo not guilty on Tuesday, dismissing fraud charges against him. Lee Hyung-soo previously faced fraud charges because Haru Invest suddenly closed the user withdrawal channel and closed the company's office in June 2023. The company allegedly attracted thousands of investors by promising "full return of principal" and high returns of up to 25% annualized. South Korean prosecutors initially accused the company of illegally obtaining 1.39 trillion won (about 1.02 billion US dollars) from about 16,000 investors, but then lowered the amount to 880.5 billion won (about 650 million US dollars) in the formal prosecution, involving about 6,000 investors. Prosecutors had asked the court to sentence Lee Hyung-soo to 23 years in prison. (The Block)

According to PANews, Whale Alert has reported that USDC Treasury conducted a significant cross-chain asset migration on June 17. At 12:41 and 12:42 UTC+8, USDC Treasury minted 69,801,539 USDC tokens on the Ethereum blockchain, valued at approximately $69.78 million. Simultaneously, an equivalent amount of USDC was destroyed on the Solana blockchain. This operation indicates a standard procedure for transferring assets between different blockchain networks.

Odaily Planet Daily News Hong Kong-listed technology investment company MemeStrategy announced that it has included Solana in its balance sheet and will participate in its staking ecosystem in the long term to support network security and obtain returns. According to the announcement, MemeStrategy has purchased 2,440 SOLs at a price of approximately HK$2.9 million (approximately US$368,800) through the licensed crypto asset platform OSL Group, with an average transaction price of approximately US$151.7. Stimulated by this news, MemeStrategy (2440.HK) shares closed up 28.5% at HK$2.57 on the Hong Kong Stock Exchange on Monday, and further rose to HK$2.70 in early trading on Tuesday, with a latest market value of HK$653 million (approximately US$83.1 million). MemeStrategy said that the investment is highly consistent with its long-term strategy in the fields of AI, blockchain, verification technology, etc., and will increase the expansion of the Solana ecosystem and deeply participate in the construction of Web3 infrastructure. The board believes that Solana has great potential in real-world asset tokenization and AI-driven solutions. In addition, Bloomberg cited the views of Cantor Fitzgerald analysts, pointing out that Solana's high-speed, low-cost network is very suitable for tokenized securities. Combined with the pledge mechanism, Solana Finance is expected to achieve faster growth in assets per share than BTC Finance. According to Bloomberg data, since April 16, Solana Finance Company Upexi and DeFi Development Corp have risen by 306% and 207% respectively, far exceeding SOL's 19% increase in the same period; Sol Strategies has also risen by 33%. (Cointelegraph)

Justin Sun's Tron blockchain platform is set to become the latest cryptocurrency venture to enter U. S. public markets, marking a significant milestone for the controversial crypto billionaire and highlighting the growing influence of Trump family connections in the digital asset space. source: https://www.blockhead.co/2025/06/17/trons-public-market-debut-signals-new-era-for-crypto-trump-alliance/

Hong Kong tech investment firm MemeStrategy has added Solana to its balance sheet and has pledged to stake Solana tokens to support network security and earn rewards. source: https://cointelegraph.com/news/memestrategy-shares-pump-hong-kong-firm-buy-solana?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Sudden suspensions hit Pump. fun on X, as both the platform’s official account and the personal handle of founder Alon Cohen became inactive alongside dozens of other profiles linked with the Solana memecoin space. As of yet, there is still no word from X or from the teams behind these accounts explaining what prompted the suspensions. […] source: https://www.cryptopolitan.com/solana-pump-fun-got-banned-on-x/

Odaily Planet Daily News According to The Data Nerd, 2 hours ago, the Matrixport-related address transferred 12,323 ETH to the Binance exchange, worth about 31.8 million US dollars.

Odaily Planet Daily News Infini Lianchuang (@0xsexybanana) posted on the X platform: 1. Infini will no longer do the to C card business. The reason is that the compliance cost is extremely high, the profit is extremely thin, and the operation is extremely heavy. (Oh, I forgot that it is easy to be laughed at by the industry bottom) We have made strategic adjustments and removed the to C card part of the business. At present, the to C card business occupies 99% of the time and cost, and contributes 0 income. 2. Financial management, deposit and withdrawal are normal. Financial management and asset management business have become the focus. The financial management Yu'ebao function is stable at about 5% apr. 3. The current path of crypto card is still offramp ut and uc and then realize the payment path from stable to fiat through the traditional payment network. It is too tortuous, too long, and too expensive. Without subsidies, it is difficult to match the rate and cashback of web2. And I have always said that u card is not the ultimate solution for web3 pay with stablecoin. It's a bit like the Apple Nano was eventually replaced by the iPhone. 4. The company, team, and brand have not changed. Like Teacher Yishi, I have been following the old U-card path for a year and found that it is still not worth doing. When I first started Infini in July last year, I learned a lot from Teacher Yishi. As a result, after a year, the conclusions are the same. I feel very emotional. 5. At present, Infini is a centralized product. We will fully embrace decentralization in the future. Think about embracing decentralized payment solutions. We will definitely not follow the old centralized path.

OpenAI awarded $200M defense contract to enhance AI in national security tasks. source: https://coincu.com/343703-openai-200m-us-defense-contract

Eric Trump, the executive vice president of The Trump Organization, denied any involvement with Justin Sun's Tron (CRYPTO: TRX) venture on Monday, which is purportedly planning to go public in the U. S. source: https://www.benzinga.com/crypto/cryptocurrency/25/06/45965595/eric-trump-says-he-doesnt-have-public-involvement-in-justin-suns-mstr-type-public-venture-but-admits-hes-a-fan-of-tron-and-its-founder?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

PumpFun’s official X account was suspended just days before a planned token airdrop, with no clear reason given, though reports suggest it may relate to the use of unauthorised APIs and suspicious activity. The platform also faced criticism over alleged pump-and-dump behaviour, risky token tools, and unusual fund movements, fuelling concerns about transparency and compliance.

Eric Trump, the son of US President Donald Trump will be taking on a leadership role at TRON after Nasdaq-listed SRM Entertainment announced on Monday that it will be creating a Tron corporate treasury valued at up to $210 million.

The only question you need to ask a stablecoin issuer is: how will they distribute their product?

The Trump Organisation will launch Trump Mobile in August, selling US-made phones at $499 with service on major networks and perks like telehealth and free international calls. But is the president prioritising profit over governance?

Bitget has partnered with UNICEF Luxembourg on a three-year initiative to boost blockchain literacy and STEM skills among girls in eight countries, empowering them to engage in the digital economy and shape the future of blockchain.

Golden Finance launches the 2727th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest news on the digital currency and blockchain industry.

Stablecoins are upgrading from cross-border payment channels to financial infrastructure platforms. This article analyzes their transformation logic as a new infrastructure and the path for reshaping the industry in the next decade.

Golden Finance launches "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and Metaverse industry news.

Transactions involving Justin Sun’s digital asset project were handled by an investment bank linked to Trump’s son.