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- 🐶📰 Weekend Update
🐶📰 Weekend Update
Crypto experience volatility, Coinbase misses earnings (and pumps), and Robinhood launches blockchain.
BTC $70,279 (-0.0%) | ETH $2,063 (-1.6%) | SOL $89 (2.5%)
Welcome to the Daily Bone Weekend Update where we recap the top stories from the week. Be sure to check out our daily newsletter to get all of your news hot off the press each and every weekday!
Headlines
Crypto experienced a volatile week with Fear and Greed currently at 13 (extreme fear)
Coinbase missed earnings by over 3% but COIN gained 16% on Friday — Brian Armstrong sold over $550M worth of Coinbase stock over the past year
Robinhood launched “Robinhood Chain” EVM L2 testnet — Missed earnings — Saw surge in “Other Trading Revenue” mainly coming from prediction markets
Trump admin released Innovation Advisory committee list featuring top names in crypto, finance, and prediction markets
Layer Zero announced Zero layer 1 blockchain — Citadel and Ark Invest are backing
Macro
Internal video showed that X Money will launch external beta in the next few months
US jobs report beat estimates — CPI came in cool
Strategy purchased $90M worth of Bitcoin at an average price over $78K
SBF filed for retrial over FTX fraud case
Crypto News
Alameda Research distributed $15M worth of SOL to creditors
White House met with crypto and banking firms for second round of stablecoin yield talks
Blackrock is launching its BUIDL token on Uniswap
Safemoon CEO sentenced to 8 years for crypto fraud scheme
MegaETH mainnet went live
Tokens and NFTs
Solana kicked off Graveyard Hackathon attempting to revive “dead” onchain categories
Pump Fun added the ability to divert creator fees to GitHub accounts
Art Blocks released Marfa 2026 dates
USD.AI released ICO and airdrop details
Backpack released token distribution plans — Looks to raise $50M at a $1B valuation