A memecoin platform named Pump Fun successfully raised $600 million in just 12 minutes during its fundraising round, showcasing the growing interest and investment in cryptocurrency-based projects. The rapid influx of capital highlights the popularity and speculative nature of memecoins in the current market.

Tether is looking to raise between $15 billion and $20 billion through a private placement, aiming for a valuation of around $500 billion. The fundraising, confirmed by CEO Paolo Ardoino, will focus on expanding Tether's business lines, including stablecoins and artificial intelligence, while positioning the company alongside major players like OpenAI and SpaceX.

President Trump is facing criticism over potential conflicts of interest related to his family's cryptocurrency ventures as he announces two fundraising dinners for TRUMP memecoin holders. Lawmakers have raised ethical concerns regarding these events, which promise exclusive access to the presidency in exchange for significant investments.

Tether is in discussions to raise between $15 billion and $20 billion in a private placement, potentially valuing the company at approximately $500 billion. The valuation will depend on the percentage of equity offered, with the company's CEO indicating the involvement of select high-profile investors.