🐶📰 Weekend Update

BTC $60,755 (-2.3%) | ETH $1,555 (-6.5%) | SOL $62 (-5.5%)

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

• Over $3B got liquidated from the crypto market on as Bitcoin fell below $60K on Friday

• Strategy sold $2.3M worth of Bitcoin for first time since 2022

• Zcash wicked below $250 as team releases post-mortem of Orchard exploit, where hackers could have created unlimited ZEC tokens — Due to the security feature of Zcash there if no way to cryptographically prove whether the vulnerability was exploited

• Nvidia CEO called Marvell the next trillion dollar company — MRVL gained over 25% on the week— Marvell was added to the S&P 500

Equities

• The S&P 500 and Dow Jones will not be changing rules to allow mega-IPOs coming this year to enter indices early

• MSTR is down 24% on the week as STRC fell to $90 — Strategy is now facing its largest unrealized loss in history

• Bitmine’s unrealized ETH losses ballooned to $8.8B — Filed for preferred stock offering that will yield 9.5% APY

• SpaceX released $75B IPO target with 555M shares available at an offering price of $135

Crypto

• Pump Fun launched Pump Fun Go bounty platform

• HYPE flipped SOL in price — Wall Street Journal published an article about Hyperliquid’s 24/7 trading platform

• Clarity Act added to Senate legislative calendar

• Polymarket completes 6 figure on-chain institutional hedge tied to Nvidia GPU compute prices

AI

• US and Japan announced a $1B partnership to advance AI, quantum, fusion, and biotech

• Robinhood launched support for AI agents to use Robinhood Gold Card

• Google released Gemma 4 opensource AI model

• Hermes launched a desktop app for their agent framework

• Microsoft announces “Scout” autopilot agent

• Anthropic releases Project Glasswing to 150 new organizations