🐶📰 Weekend Update

BTC $115,879 (-0.5%) | ETH $4,468 (-1.1%) | SOL $238 (-1.3%)

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

• Aster perps trading DEX on BNB flipped Hyperliquid in TVL — Token surged to $9B FDV in just 3 days

• FTX to distribute $1.6B to creditors on September 30

• Joseph Lubin confirmed a Metamask token is coming “very soon”

• Coinbase CEO Brian Armstrong sayid Base is exploring a network token

• The Fed cut interest rates 25BPs

• Robinhood announced “Robinhood Ventures” which will allow investing in private companies

Crypto Treasuries and Funds

• The SEC approved generic listing standard for commodity ETFs paving the way for fast-tracked crypto ETFs — James Seyffart posted list of tokens eligible for new standard

• BMNR announced updated ETH holdings totaling $9.7B

• Forward Industries announced $4B ATM equity offering to fund purchase of Solana

• Jack Maller’s Strive announced $450M ATM offering and $500M stock repurchase program

• Brera Holdings announced $300M private placement to fund Solana treasury

• The DOJE ETF traded $17M in volume on day 1

• Defi Development Corp announced Treasury Accelerator in which they will invest in other DATs

• Bitwise filed for AVAX ETF

Other Crypto News

• Plasma announced main net launch and XPL TGE are coming next Thursday — Airdrop coming to sale participants and contributors

• Circle expanded to HyperEVM after Native Markets wins the USDH bid

• Tether cofounder Reeve Collins launched decentralized stablecoin protocol focused on yield generation

• Kraken announced Kraken Launch which will allow users to participate in ICOs

• Coinbase recovered Kevin Durant’s locked Coinbase account

• Polymarket filed form with SEC hinting at an upcoming token — Launched earnings markets

Tokens and NFTs

• Pump Fun livestream mentioned in Rolling Stone

• NFT Strategy launched

• Rekt Drinks “Moon Crush” collab with Moonpay sold out

• Jack Butcher’s “Gas Wars” sold out amidst an actual gas war

• OpenSea announced final pre-TGE phase of their rewards program