🐶📰 Weekend Update

BTC $102,834 (-1.0%) | ETH $2,484 (-5.5%) | SOL $167 (-3.5%)

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

• Coinbase disclosed a data breach stemming from bribed customer support agents — Hackers have had access to user data since January

• The Infinite Node Foundation acquired the CryptoPunks IP from Yuga Labs

• April PPI and CPI came in below estimates — Prediction markets are now pricing in only 2 rate cuts in 2025

• Tether released details on QVAC, an opensource AI initiative with native blockchain support

• Russia and Ukraine began peace talks

• Markets rallied as the US and China agreed on a 90 day tariff de-escalation

Crypto Equities

• Robinhood acquired WonderFi, Canada’s top crypto trading platform

• eToro outperformed on its Nasdaq launch

• VanEck launched an on chain economy ETF featuring companies powering digital asset adoption

• Animoca Brands announced plans to go public in New York

Crypto News

• Next $5B FTX distribution coming in 2 weeks

• Abu Dhabi’s sovereign wealth fund disclosed $408M investment in Blackrock’s Bitcoin ETF

• Saudi Central Bank disclosed investment of $10M worth of MicroStrategy stock

• Dubai partnered with Crypto.com to accept crypto payments for government services

• US Justice Department moved forward with case against Tornado Cash co-founder Roman Storm

Tokens and NFTs

• Solana released 26 page paper on internet capital markets

• Virtuals protocol released staking program with an airdrop reward for those who stake in first 24 hours

• SUI memecoin HIPPO was listed on Binance Alpha

• Pump Swap launched 0.05% revenue share for creators

• Refik Anadol sold out 1000 piece collection raising $5M — Floor now 5 ETH