1. PBOC to Probe Solana’s Lujiazui Ad Campaign link

A person in charge of a relevant department of the People’s Bank of China stated that recent monitoring has found that Solana placed advertisements through relevant domestic entities in Lujiazui, Shanghai, to conduct virtual currency marketing and promotion by way of brand promotion. The People’s Bank of China, together with local financial regulatory, public security, market supervision and other authorities, has suspended the offline event Solana Accelerate China 2026 originally scheduled to be held in Shanghai and other locations, and will investigate the involved entities and individuals together with relevant departments. According to the official, Solana’s relevant…