🐶📰 Weekend Update

BTC $82,778 (0.1%) | ETH $2,633 (-3.9%) | SOL $115 (-0.6%)

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

• Trump nominates Kevin Warsh as next Fed Chair as the FOMC kept rates steady at January meeting

• US Senate reached agreement on spending deal to avoid government shutdown

• Elon is considering merging SpaceX with xAI and/or Tesla — Tesla invested$2B in xAI

• John Daghita stole $40M worth of crypto from the US (His dad owns a government contract to assist the US in disposing seized crypto assets)

Roller Coaster Market

• Earlier in the week, the US Dollar index hit a 4-year low as Gold and Silver hit new ATHs

• The S&P hit a new high over $7K 

• Microsoft saw its largest loss in 6 years, 5th worst day in 20 years

• Silver pulled back below $100

• Bitcoin crashed below $81K amidst massive crypto liquidations

Crypto News

• OpenAI announced the development of a social network that will use Worldcoin for human verification

• Robinhood announced plans of 24/7 tokenized equity trading in Europe in the coming months

• MegaETH public mainnet goes live February 9th

• Blackrock filed for Bitcoin Premium Income ETF

• HIP-3 open interest on Hyperliquid hit new ATH of $790M

Tokens and NFTs

• The MOLT token ran to over $100M market cap after launching Moltbook, a “reddit for AI agents”

• OpenSea added support for Kraken’s Ink chain

• REKT teased institutional adoption — Sold out X Games collab in 1 minute

• BIRB token claims went live as it trades about a $200M FDV

• Pudgy Penguins x Manchester City collab went live

• Perps trading platform Paradex announced 10K NFT PFP collection