🐶📰 Weekend Update

BTC $117,518 (-0.3%) | ETH $2,937 (-1.7%) | SOL $160 (-3.7%)

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

• Bitcoin set a new ATH over $108K and passed Amazon to become the 5th most valuable asset in the world

• Pump Fun’s token sale goes live today at 10AM EST — Currently trading at $5.7B FDV on Hyperliquid

• Phantom introduced “Phantom Perps” powered by Hyperliquid

• Robinhood launched ETH and SOL staking in the US

Crypto News

• Chairman of the US FHFA claimed Jerome Powell is considering resigning

• US removed crypto broker rules

• Trump sent out tariff letters to Canada, Mexico, the EU, and others with an August 1 start date

• Moonpay partnered with Rumble to power the new Rumble Wallet

• Proposal went live to make World Liberty Financial’s WLFI token tradeable

• OpenSea acquired the Rally mobile trading app

Crypto Funds and Treasuries

• Strategy announced a $4.2B at the market offering for STRD to raise capital to purchase additional Bitcoin

• Metaplanet announced the second phase of their Bitcoin strategy which will involve using their cash flow to purchase digital banks

• Bitcoin ($2.7B) and Ethereum ($908M) recorded massive weekly net inflows

• IBIT blew past the $80B AUM mark 5x faster than any other ETF

• StreamEx/BioSig Technologies raised $1.1B to finance its RWA tokenization strategy

• Bit Mining (NYSE: BTCM) announced a raise up to $300M to kick start a Solana treasury

• Japanese listed Remixpoint raised $215M to purchase Bitcoin

• Bit Digital sold their Bitcoin treasury and purchased $192M worth of Ethereum

• Upexi announced $150M raise to fund Solana treasury

• GameSquare’s (Nasdaq:GAME) board approved a phased investment of $100M worth of Ethereum

• SharpLink Gaming acquired $25.7M of Ethereum OTC from the Ethereum Foundation

Tokens and NFTs

• BoDoggos revealed their K9Strategy

• The SEC acknowledged Canary’s filing for a spot PENGU ETF

• Coinbase hired a new “Crypto Twitter Lead” and changed their PFP to a Pudgy Penguin

• Yeet allocated 2% of token supply to Kaito partnership

• OSF released the REKT whitepaper