The bill seeks to prohibit the listing of memecoins issued by federal public officials to California residents, citing conflicts of interest and “pay-to-play arrangements.” California lawmakers passed a bill restricting public officials’ involvement with memecoins, citing concerns around conflicts of interest and “pay-to-play arrangements.” The California Senate passed Assembly Bill 2409 in a 40-0 vote on Wednesday, according to Legiscan data. The Assembly subsequently voted 78-0 to concur in the Senate’s amendments. The bill entered the enrolled stage and awaits the governor’s signature. The bill would prohibit digital asset service providers from offering California residents memecoins issued on or after Jan. 1, 2027, that are offered by or in partnership with federal public officials or state or local public officers. The bill defines memecoins as digital assets whose value is derived primarily from public interest, speculation or community engagement. Read more
The French Bitcoin treasury firm’s private placement drew support from Adam Back and TOBAM, with warrant exercises potentially unlocking another $158 million. French Bitcoin treasury company Capital B announced that it raised €21.0 million ($24.5 million) through private share placement. According to an Aug. 28 announcmeent, the fundraise was conducted at €0.58 per ABSA — one share bundled with four share-subscription warrants — without pre-emptive subscription rights. The raise saw the participation of legendary cypherpunk and Bitcoin-centric blockchain development firm CEO Adam Back as well as asset manager TOBAM. If all the issued warrants were to be exercised, Capital B would see a further €135.8 million ($158 million) capital injection through the issuance of 144,876,280 ordinary shares. The company reserves the right to trigger an accelerated warrant exercise period if the volume weighted average price of its shares over the previous 20 trading days exceeds 130% of the exercise price of the relevant war...
Bitcoin profitability data produced a bear-market reversal signal that was also present at the start of 2023. According to some metrics, Bitcoin (BTC) has ended its bear market as a composite BTC price indicator flips bullish for the first time since October 2025. Key points: Read more