🐶📰 Weekend Update

BTC $117,220 (0.4%) | ETH $4,205 (7.4%) | SOL $182 (2.2%)

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

• Trump signed an executive order allowing crypto asset investment in 401(k) accounts — Plus another order banning banking discrimination against crypto

• SEC and Ripple ended proceedings on their case after jointly filing to dismiss their appeals

• Coinbase added DEX support to the Coinbase app allowing trading of all Base tokens

• Tornado Cash developer Roman Storm was found guilty on 1 of 3 charges 

• SEC stated that liquid staking activities are not securities

• The US CFTC pushed to allow crypto trading on all registered exchanges

• Trump will meet with Putin next Friday

Treasuries and Funds

• Fundamental Global (Nasdaq:FGF) filed to issue $5B worth of common stock to purchase Ethereum

• Metaplanet filed to raise $3.7B through stock issuance to buy Bitcoin

• Trump’s World Liberty Financial announced plans to raise $1.5B for treasury

• Parataxis Holdings merged with Silverbox Corp via SPAC to kickstart a $640M Bitcoin treasury company

• Harvard bought $116M of Blackrock’s IBIT BTC ETF

• SBI holdings filed for XRP and BTC ETFs in Japan

• Chainlink announced the creation of strategic LINK reserve funded by off-chain revenue

• The Michigan retirement fund tripled its Bitcoin ETF holdings

• Blackrock has no plans for a SOL or XRP ETF

Other Crypto News

• Moonpay announced “Virtual Accounts” with 6%-10% yield on stablecoins

• Ethereum daily transactions 7 day moving average hit new all time high

• Sheetz announced 50% off promition for crypto purchases

• Gemini teased upcoming project named “Horizon”

• The Philippines banned offshore crypto exchanges

Tokens and NFTs

• Pump Fun introduced the Glass Full Foundation which will purchase Pump Fun ecosystem tokens — Pump Fun flipped Lets Bonk in market share

• Art Blocks announced “Art Blocks 500” including 495 current and 5 upcoming releases

• Elon Musk retweeted the Bitcoin Wizard meme

• The hat from the dogwifhat meme sold for $799K

• Adam Weitsman acquired over 5,000 Otherside NFT assets from Yuga Labs