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Figma, a San Francisco-based design software company, recently filed its IPO paperwork with the SEC. In the filing, Figma revealed that it held $69.5 million worth of Bitcoin (BTC) in spot ETFs as of March 31. The move marks a new trend of crypto-related companies entering the U.S. public markets. Founded in 2016, Figma has become a popular browser-based design collaboration tool in the tech industry. The company is known for its ability to enable real-time design collaboration, which is especially useful for professionals in the fields of interface and product design. Figma’s rapid growth in recent years caught the attention of Adobe, which planned to acquire Figma for $20 billion in 2022. However, the acquisition plan faced resistance from regulators in the United States and Europe, leading both parties to cancel the plan in late 2023. This decision paves the way for Figma to pursue alternative plans, including going public as an independent entity. The move is expected to give Figma...

 Shares of Lululemon Athletica Inc (NASDAQ:LULU) rose 2.5% following news that the premium athletic apparel manufacturer had filed a lawsuit against Costco Wholesale Corporation (NASDAQ:COST) for allegedly selling knockoff versions of its signature products. The lawsuit alleges that Costco sold unofficial "duplicates" of popular Lululemon items, including SCUBA hoodies, DEFINE jackets, and ABC pants under its Kirkland brand. Lululemon argues that these counterfeit products could confuse consumers and damage its reputation for high-quality, innovative athletic apparel. This legal action comes amid a growing trend of "Lululemon knockoffs" on social media, which the company claims Costco is capitalizing on without clearly distinguishing its products from authentic Lululemon items. The athletic apparel manufacturer asserts that Costco's lower-priced alternatives fail to meet its quality standards. In the lawsuit, Lululemon sought to stop Costco from selling the alle...