🐶📰 Weekend Update

BTC $115,459 (2.9%) | ETH $4,713 (10.1%) | SOL $202 (12.4%)

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

• Ethereum hit a new ATH — BNB hit a new ATH

• Jerome Powell hinted at upcoming rate cuts during Jackson Hole speech — Odds of a September rate cut jumped from 57% to 78% on Polymarket

• Kanye West launched the YZY token which ran to a $3.1B market cap before pulling back

• Hyperliquid launched XPL (Plasma) pre-launch market and it is trading at 8x its initial valuation

Crypto Funds and Treasuries

• KindlyMD added $678M worth of Bitcoin to their treasury

• Sharplink Gaming added $667M worth of Ethereum to their treasury

• Hong Kong’s Ming Shing Group added $483M Bitcoin

• Air Canada pension fund disclosed $161M position in Bitcoin

• Philipine lawmaker filed bill to create Bitcoin reserve

• VanEck filed for JitoSOL liquid staking token ETF

• Grayscale filed for XRP ETF

• BNB treasury company Windtree Therapeutics receiveed notice that it will be removed from the Nasdaq for non-compliance

• BTCS Ethereum treasury company offered dividend to share holders paid in Ethereum

Other Crypto News

• US Acting Assistant Attorney General Matt Galeotti stated that writing code is not a crime

• Apple pushed fix for “zero-click” exploit allowing hackers to steal crypto from users

• LIBRA team regained access to $57.6M after Judge unfreezes assets

• The CME partnered with FanDuel to offer events contracts on crypto

• Bo Hines joined Tether to lead their expansion into the US after resigning as executive director of the White House Digital Asset Council

Tokens and NFTs

• CyberKongz announced the $KONG token

• Heaven dex/launchpad crossed $1M revenue

• XCOPY edition sold for $475K

• Rekt Drinks sold out Base collab in 1 minute despite lack of incentives

• Azuki partnered to launch “Enter the Garden” energy drink