🐶📰 Weekend Update

BTC $80,222 (0.4%) | ETH $2,312 (1.2%) | SOL $93 (5.4%)

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

• US intercepted Iranian attacks on Navy cruisers in the Strait of Hormuz — Iran seized oil tanker

• US DOJ is investigating $2.6B in oil trades surrounding Trump’s Iran war announcements

• US released UFO files

• NASDAQ and S&P both closed at new weekly and daily ATHs

• Crypto total market cap hit $2.8T for first time since January as Bitcoin surged over 82K this week

• Michael Saylor said “we will probably sell some Bitcoin to pay a dividend” after MSTR missed earnings and posted a $12.5B Q1 loss

• Senate Banking Committee to scheduled a markup next Thursday for the CLARITY Act

Equities

• Nvidia announced $2.1B investment into IREN — IREN gained 8% on the week

• INOD shattered earnings by 400% and gained 86% on the week

• Intel gained 15% on Friday to close at new ATH

• GameStop CEO Ryan Cohen was banned from Ebay after announcing plans to buy it

• The SEC proposed allowing semiannual earnings reports instead of quarterly

Crypto

• Coinbase posted a $394M Q1 net loss and $88M worth of Bitcoin purchases — Trading on Coinbase went down for 5+ hours on Friday

• ZCash advanced their quantum resistant roadmap — Surged 60% on the week and is back over $600

• The US Treasury department set letter to Binance demanding compliance after Iran crypto reports

• White House crypto adviser said the Strategic Bitcoin Reserve announcement is coming within weeks

AI

• OpenAI announced GPT-Realtime-2 voice model

• Tether released local Medical AI that runs on phones

• Anthropic partnered with SpaceX to increase Claude’s compute capacity and usage limit for users

• Apple iOS 27 will allow users to select their third party AI model to power features

• China’s Deep Seek is in talks for its first fundraise at a $45B valuation