🐶📰 Weekend Update

BTC $72,870 (0.9%) | ETH $2,241 (1.0%) | SOL $84 (0.7%)

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 and Iran agreed to 2-week cease fire — Holding peace talks in Pakistan today — Will charge toll on oil traffic through Strait of Hormuz to be paid in Bitcoin

• World Liberty Financial addressed FUD after depositing 5B WLFI tokens into a borrowing protocol and transferring $60M+ in stablecoins to Coinbase

• TAO fell 18% as their biggest subnet Covenant announced they are leaving the project

• NYT article claimed Adam Back is Satoshi Nakamoto

Macro & Prediction Markets

• US Q4 GDP growth fell way below estimates (2.8%) to 0.5%

• Polymarket announced structural change including new stablecoin collateral token (Polymarket USD)

• Kalshi announced partnership with Fox News — New Jersey court ruled in Kalshi’s favor that sports wagers should be regulated by the CFTC

• CLARITY act expected to reach full Senate by end of April

Crypto

• Strategy’s STRC equity generated an estimated 9,100 BTC worth of purchasing power

• Hong Kong Monetary Authority released first 2 stablecoin issuer licenses

• Japan reclassified crypto as a financial product

• Bithumb sued to recover Bitcoin from its $40B payment error

• Tether targets $500B valuation in latest funding round

Tokens and NFTs

• BAYC announced opportunity for holders to visit Snoop Dogg’s compound on 4/20

• Yuga Labs settled lawsuit against Ryder Ripps

• Rekt launched a casual clothing line — Rekt Drinks entered Waitrose stores in the UK with rewards claimable on Base

• TokenWorks announced the CMD token which will implement a randomized “Frankenstein” rule set

AI

• Tether released their QVAC AI SDK

• OpenAI to reserve “slice of IPO shares” for retail investors

• Anthropic’s safety report on Mythos revealed they can’t measure what they’ve built — Unveiled Project Glasswing using Mythos to help secure critical software

• Hermes released version 0.7.0 of their AI agent framework