GALAXY, MULTICOIN, JUMP PLAN $1B SOLANA TREASURY

Summary from the TLDR Crypto newsletter

Galaxy Digital, Multicoin Capital, and Jump Crypto are in talks with backers to raise $1B for a dedicated Solana treasury in what would be the largest accumulation vehicle for the token. Cantor Fitzgerald is acting as lead banker, with plans to structure the effort as a digital asset treasury company via the takeover of a publicly traded entity. The Solana Foundation has reportedly endorsed the effort.