🐶📰 Weekend Update

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