🐶📰 Weekend Update

BTC $117,778 (-0.9%) | ETH $4,408 (-4.7%) | SOL $187 (-4.1%)

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

• Bitcoin hit a new ATH over $124K and flipped Google’s total market cap

• Crypto total market cap surged to a new ATH of 4.1T

• US CPI came in below estimates estimates on Wednesday

• US PPI came in significantly above expectations on Thursday causing crypto and equities markets to sell off

• Stripe and Circle announced layer 1 blockchains dedicated to stablecoins

• Trump and Putin meet and make progress towards peace with Ukraine

Crypto Funds and Treasuries

• David Bailey’s Nakamoto completed merger with Kindly and now aims to purchase over $700M of Bitcoin

• Fundamental Global (Nasdaq: FGF) acquired $200M ETH

• Heritage Distilling (Nasdaq: CASK) announced $360M IP token reserve

• Safety Shot (Nasdaq: SHOT) announced $25M BONK token reserve

• CEA Industries (Nasdaq: VAPE) purchased $160M BNB

• PayPal cofounder Peter Thiel revealed a 7.5% position in ETHZilla ETH treasury company

• Joe Lubin gave his case why SharpLink Gaming will beat out every ETH treasury company

• ETH ETFs recorded $2.8B of weekly net inflows — Bitcoin ETFs record $545M of weekly inflows

Other Crypto News

• Hyperliquid flipped Circle as it sets new daily fees ATH

• The SEC delayed their decision on multiple SOL ETFs

• Scott Bessent stated that the US will not be buying crypto for the US crypto reserve

• Ethereum validator exit queues spiked with $3.3B worth of ETH waiting to be unstaked

• Citigroup added payment services and custody for stablecoins

• Qubic mining pool attempted 51% attack on Monero

• Uniswap proposed DAO structure that could allow a “fee switch”

Tokens and NFTs

• Binance lists USELESS for perps trading

• Ether Rock sells for $600K

• Azuki announces $75K watch sale — GameSquare Holdings (Nasdaq: GAME) adds $2.5M ANIME to their treasury

• OKX’s OKB token surged 130% to a $32B FDV on announcement of a token burn

• Rekt drinks announced a collab with Base

Ray’s Crypto Toolkit

Must Follow X Account of the Week: @Greeny

NFT/Token Trading: OpenSea

Perps Trading: HyperLiquid

Portfolio Tracking: Cerebro

Memecoin Trading: New tool coming soon 👀

SOL Wallet: Phantom

EVM Wallet: Rabby

BTC Wallet: XVerse