🐶📰 Weekend Update

BTC $78,119 (-3.2%) | ETH $2,178 (-3.7%) | SOL $86 (-5.6%)

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!

Category 1

• The S&P 500 set a 2nd consecutive record weekly close despite falling over 1% on Friday

• SpaceX IPO set for June 12th under ticker SPCX

• The CLARITY Act advanced out of the Senate Banking Committee with a bipartisan vote

• Cerebras IPO’d raising a 2026 record $5.5B — Up 50% over IPO price and trading at $279

• US delegation arrived in China and China offered to mediate peace in Iran, but refused to provide military aid

Finance

• Kevin Warsh officially confirmed as Fed Chair — Powell stepped down

• New filing detailed over 3,000 equity trades that Trump has made since January

• Nvidia becomes first company to hit $5.5T market cap

• PPI came in hot at 6%, well above 4.9% estimates — CPI rose above estimates to 3.8%, its highest level since May 2023

• Ebay rejected Gamestop’s purchase bid

Crypto

• Strategy bought back $1.3B worth of debt notes — STRC traded above par and acquired almost 15.K BTC worth of purchasing power

• Coinbase acquirred USDH deployer Native Markets to set USDC up for being the native quote asset on the Hyperliquid

• TokenWorks’ “Ten Thousand Tokens” project minted out and is trading at 9x mint price

• ZachXBT revealed the identity of US-based hacker who stole over $19M worth of funds

AI

• Anthropic increased weekly Claude limits and announces monthly credit for programmatic usage — Launched Claude for small business

• OpenAI released new personal finance feature in ChatGPT

• xAI released “Grok Build” beta

• Claude helped a user recover $400K+ worth of Bitcoin that was lost over 10 years ago

• Google in talks with SpaceX to launch AI data centers in space — Released “Googlebook” laptop designed to integrate seamlessly with Gemini