Argentine President Javier Milei was cleared of wrongdoing over his promotion of the LIBRA memecoin in February, the Buenos Aires Herald reported on Saturday.

A resolution issued Friday by the country’s anti-corruption office argued that the president was speaking «as an economist and not a public official,» when he shared news of LIBRA on X.

The president’s personal account «was created long before he was elected country president, and even before the beginning of his previous term as deputy,» according to the resolution, signed by Alejandro Melik, the head of the country’s anti-corruption office.

Milei’s post about the Solana-based memecoin promoted it as a project designed to help small and medium-sized Argentine companies raise capital. LIBRA surged to a market capitalization of around $4.5 billion.

He deleted the post only hours later, saying that he had not been aware of the details of the project when he promoted it. In the ensuing sell-off, LIBRA crashed by 90%, wiping out over $4 billion in value.

On-chain data from Nansen showed that 86% of traders lost a total of $251 million, with the remainder securing $180 million in profits.

To make matters worse, it was revealed Libra’s co-creator Hayden Davis bragged in text messages about his influence over Milei because of payments he had been making to Karina Milei, the president’s sister and a powerful figure in his government.

Read more: Milei Closes Down LIBRA Investigative Unit After It Shares Findings With Prosecutors

The Blockchain Group (ALTBG), a tech firm that brands itself as Europe’s first Bitcoin Treasury Company, announced a share-issuance program worth up to 300 million euros ($342.5 million).

The capital raise is structured as an at the market (ATM) program and backed by French asset manager TOBAM, a longtime investor in both bitcoin BTC and the Paris-listed company on behalf of clients, Blockchain Group said in a press release.

The program allows TOBAM to buy new shares at its discretion, based on daily market conditions. The price of each tranche will be the higher of the previous day’s closing price or its volume-weighted average price, with purchase volume capped at 21% of the day’s trading activity, the firm said.

Proceeds are expected to be used to purchase bitcoin, furthering the company’s stated goal of increasing its “bitcoins per share” metric over time. The Blockchain Group started buying bitcoin in November. Since then, it has amassed 1,471 BTC at an average price of $102,507, it said June 3.

Unlike typical ATM programs in the U.S., which use brokers to sell stock into the market, TOBAM is acting in its own interest, not as an intermediary. It will decide whether to hold or sell the newly issued shares on its own criteria and won’t be compensated by the company for participating.

If fully executed at recent market prices, TOBAM’s stake in the company could rise from 3% to over 39%. A shareholder vote scheduled for June 10 could expand the capital raise to 500 million euros.

Shares in the company, which has a market cap of 543 million euros, have risen 20% today to 4.9 euros.

Soneium, the Ethereum overlay blockchain linked to 78-year-old Japanese electronics giant Sony, unveiled a new incubator program, Soneium For All, to accelerate consumer and gaming applications within its 7 million-user blockchain ecosystem.

As crypto continues its march into the mainstream, traditional technology companies, the Apple’s and Ubers of this world, are looking to the tech to commercialize their future operations.

Sony Block Solutions Labs (SBSL), the builder of Soneium, used the Optimism OP stack, a fast and cheap layer linked to Ethereum for “bridging the gap between Web2 and Web3 audiences, especially for the creators, fans and community,” SBSL said.

The new accelerator, which plans to open its doors in the third quarter, was created in partnership with Astar Network and Startale Cloud Services, with investment support from Sony Innovation Fund, according to a press release on Monday.

“This initiative reflects our vision to empower creators globally through blockchain technology,” said Ryohei Suzuki, Director of Sony Block Solutions Labs in a statement. “By lowering the barriers to entry for developers and helping them reach users faster, Soneium For All brings us closer to a more open, creator-powered internet.”