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SOON (Solana Optimistic Network) raised $22 million through an NFT sale to celebrate its mainnet launch and invest in blockchain infrastructure. Built on Ethereum with Solana Virtual Machine (SVM) integration, SOON boasts superior speed and efficiency, achieving average block times of 50 milliseconds compared to Solana’s 400 milliseconds. The project emphasized fairness by offering equal terms to venture capital firms and the community, allocating over 51% of tokens to the community and avoiding initial VC-exclusive allocations. This approach reflects growing investor interest in fair-launch tokenomics, inspired by decentralized launches like the Hyperliquid (HYPE) token. SOON plans to use the funds to develop its ecosystem and promote community-driven growth.

Trump Pardons Silk Road Founder Ross Ulbricht, Sparks Debate Over Justice

Former President Donald Trump granted a full pardon to Ross Ulbricht, the founder of the dark web marketplace Silk Road, who had been serving a double life sentence plus 40 years for charges related to narcotics trafficking and money laundering. Trump criticized the handling of Ulbricht’s case, calling the sentence “ridiculous,” and claimed those involved in his conviction were also targeting him politically. Ulbricht’s pardon fulfills a promise Trump made during his 2024 campaign, securing support from the Libertarian movement and Bitcoin advocates. The pardon reignites debate over the fairness of Ulbricht’s punishment, with advocates celebrating the decision while critics argue against leniency given the scale of Silk Road’s illicit activities.

Elon Musk’s DOGE Agency Launch Spurs Dogecoin Rally Amid Legal Challenges

Elon Musk’s Department of Government Efficiency (DOGE) launched its official website on January 21, featuring the Dogecoin logo. This announcement sparked an 11% rally in Dogecoin’s price, briefly reaching $0.40, as retail investors speculated on the cryptocurrency’s potential ties to the agency. DOGE, established to streamline U.S. government operations and reduce spending, has drawn attention for its shared acronym and logo with the popular memecoin. However, the agency is now facing legal challenges from National Security Counselors, which alleges violations of federal transparency laws under the Federal Advisory Committee Act (FACA). DOGE’s mission is set to conclude by July 4, 2026, with plans to unveil a new governmental efficiency framework on the 250th anniversary of the Declaration of Independence.

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