🐶📰 Weekend Update

BTC $112,370 (-7.5%) | ETH $3,835 (-11.6%) | SOL $184 (-17.0%)

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!

FLASH CRASH

• Trump imposes 100% tariffs on China starting November 1

• Over 1.6M traders were liquidated for $19B over the last 24 hours, the largest liquidation event in history

• Crypto market sheds $400B after liquidation cascade

• Multiple top 100 coins drop 40% during the crash

• Cobie speaks on the market crash

• 19 Hyperliquid leaderboard traders are down at least $10M over the last 24 hours

• Wintermute and Crypto Dot Com release statements after rumors swirled that they blew up

• The Bitcoin Whale front runs the market crash profiting $200M on the day

• Lighter perp DEX experiences outage during and after crash

• ZCASH unconcerned with the crash, up 10% on the day

Other Headlines

• Monad’s airdrop claim portal will go live next week

• Polymarket CEO Shayne Coplan teases POLY token as NYSE owner invests $2B into Polymarket

• BNB hit a new ATH and Binance smart chain tokens took center stage, leading all chains in volume

• Bitcoin set a new ATH as it over $126K 

Crypto News

• Roger Ver reaches $40M settlement with US DOJ for fraud and tax evasion

• DEX trading goes live for Coinbase app users in the US

• Blackrock’s IBIT Bitcoin ETF leads all ETFs with $3.5B in weekly inflows

• SEC to formalize the “innovation exemption” for crypto companies by the end of the year

• Citadel looks to explore prediction markets

Tokens and NFTs

• ZORA gets listed on Robinhood

• The auction for “Quine” by Larva Labs sells out for an auction floor price of 7.5 ETH

• NFT Strategy launches PAINST, CHECKSTR, and VIBESTR - Implements new cooldown mechanic — Good Vibes Club adopts VIBESTR as “official ecosystem token” — Pauses drops as they prepare next steps

• Rug Radio sunsets RUG token and Genesis NFTs after snapshot for Myriad token