🐶📰Weekend Update

BTC $98,587 (-0.2%) | ETH $3,365 (+0.5%) | SOL $258 (-1.8%)

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!

Headlines

• New all time highs were reached for Solana ($264) and Bitcoin ($99.8K)

• Gary Gensler officially announced his resignation from the SEC

• Magic Eden’s ME token will launch December 10 — Allocation details released

• XRP led all top 10 coins as it gained over 45% on the week and crossed a $80B market cap

Trad Fi and Flows

• Bitcoin ETFs recorded over $3.3B of net inflows on the week — Options trading for Blackrock and Grayscale BTC ETFs launched

• Solana generated the most fees across all protocols on Friday and recorded $70B in monthly DEX volume, a new all-time high — Daily fees and revenue also hit new all time highs amidst the memecoin trading frenzy

• Pump Fun flipped Ethereum in daily revenue

• VanEck, Bitwise, 21Shares and Canary Capital filed Solana ETF applications with the CBOE

Odds and Ends

• Phantom wallet flipped Temu and Google on the App Store to land at #6 overall (#1 Utility)

• SUI signed a strategic partnership with Franklin Templeton

• Coinbase gave free Bitcoin to everyone attending the Golden State Warriors game

• MicroStrategy announced a private offering of $1.75B to fund additional Bitcoin purchases

Memes

• Newly launched memecoin CHILLGUY took TikTok by storm and peaked at a $550M market cap as the original artist threatened takedowns

• DOG and PUPS runes are under review for Binance futures listings

• Wallets that pre-ordered Solana Mobile’s Seeker phone received airdrops of HAPPY and GRUMPY worth about $100

• Rekt Coin went live with claims open until December 23rd