🐶📰 Weekend Update

BTC $117,983 (1.2%) | ETH $3,761 (0.7%) | SOL $188 (3.8%)

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!

Headline

• Galaxy Digital completed $9B sale for Satoshi-era Bitcoin investor

• Pump Fun founder revealed airdrop will not take place in the “immediate future”

• Coinbase launched perpetual futures in the US — PNC partnered with Coinbase to offer crypto services to customers — COIN hit new ATH for first time since 2021

• BNB hit a new ATH over $800

• The NFT total market cap surpassed $6B as multiple collections pumped early in the week

Treasuries and Funds

• Trump Media announced acquisition of $2B worth of Bitcoin

• Tom Lee’s Bitmine Immersion bought $1B worth of Ethereum becoming the top institutional holder

• Mexican real estate company Grupo Murano announced Bitcoin treasury plan with $1B initial investment

• The Mara mining company raised $850M to buy additional Bitcon

• Tokyo Stock Exchange-listed Quantum Solutions announced plans to acquire 3K BTC over the next year

• The TON foundation partnered with Kingsway Capital to form $400M TON treasury

• Windtree Therapeutics (Nasdaq: WINT) signed $500M line of credit to buy BNB

• Mercury Fintech (Nasdaq: MFH) raised $200M to accelerate Solana treasury

• Bitcoin ETFs saw $74M in weekly net inflows compared to $1.8B for Ethereum ETFs

Other Crypto News

• Strategy increased the offering for their “Stretch” product from $500M to $2B

• $1.9B worth of ETH entered the unstaking queue, the most since January 2024

• FTX to distribute next round of funds to creditors on September 30

• ETH and SOL staking went live on Robinhood

• ZachXBT exposed XRP transfers flowing to exchanges from Ripple co-founder’s wallet

• Joe McCann shut down liquid fund and announced a $1B raise for Solana treasury company

• Polymarket acquired CQEX, a US based CFTC approved clearinghouse, allowing them to resume operations in the US

Tokens and NFTs

• Bonk burned $17M worth of tokens based on fees generated from the LetsBonk launchpad - Earmarked 1% of revenue to purchase top ecosystem tokens

• Gamesquare acquired Cowboy Ape Cryptopunk for $5.15M — 6 hoodie punks were swept for $2.9M

• Binance futures listed ZORA — Coinbase added support for JITOSOL and MPLX

• Rekt Drinks released details of Binance partnership including July 30 launch date

• Hyperliquid DEX Project X launched their points system