🐶📰Weekend Update

BTC $63,038 (-1.0%) | ETH $2,549 (0.01%) | SOL $147 (-3.0%)

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!

Breakpoint Breakdown

• Frankendancer went live on Solana mainnet and the full Firedancer build went live on testnet

• Solana Mobile revealed their new “Seeker” phone in an announcement that details improved hardware and new partnerships

• Wormhole partnered with Securitize to assist Blackrock in bringing RWAs on chain

• $1.3T asset manager Franklin Templeton announced plans to launch a mutual fund on Solana

• Helio announced a partnership with Shopify allowing merchants to use Blinks to sell items on X

• Tensor announced that their entire protocol is now fully open-sourced

• Jupiter acquired block explorer SolanaFM, and announced “Jupiter Mobile” which will integrate Apple Pay, Google Pay, and credit card onramps

• Bonk introduced the “BONK ETP” which will be tradeable in the U.S.

• PYTH introduced Oracle Integrity Staking which will enhance data accountability

• Breakpoint 2025 will be hosted in Abu Dhabi

Other Headlines

• The Fed cut rates 50BPS and the total crypto market cap has since pumped over 7%

• Magic Eden ended mandatory royalty enforcement on EVM chains

• MicroStrategy raised $1B in convertible notes with $500M earmarked for the purchase of additional bitcoin

• The SEC approved spot Bitcoin ETF options trading — BNY Mellon receives exemption from SAB 121 to become first US bank to custody Bitcoin

PoliFi

• Donald Trump and the World Liberty Financial team spoke on Rug Radio space and announced Tokenomics for non-transferable $WLFI token

• Donald Trump used Bitcoin to pay for burgers in an NYC bar

• Congressmen wrote a letter to the SEC urging Gary Gensler to clarify stance on crypto airdrops

• Louisiana became the first U.S. state to officially accept crypto payments

Fungible and Non Fungible

• Yuga Labs announced Project Dragon Episode 3 and “Top Trader” — Bored Apes made an appearance on Jeopardy

• ZachXBT provided investigation details surrounding the theft of $243M in a social engineering attack

• Gemini listed WIF memecoin for spot trading

• Multiple high profile X accounts got hacked to promote same Solana memecoin