🐶📰 Weekend Update

BTC $105,060 (+0.3%) | ETH $2,537 (+0.3%) | SOL $146 (+0.9%)

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

• Conflict between Iran and Israel have escalated

• Coinbase announced US perps trading in the US and plans to enable DEX trading

• Shopify enabled USDC as payment method during checkout

• Stripe acquired Privy

• Trade deal between US and China is completed pending approval

• US CPI and PPI came in below estimates and traders began pricing in 2 rate cuts for 2025

Crypto Treasuries and Reserves

• DeFI Dev Corp announced $5B equity line to continue funding its Solana treasury strategy

• Gamestop confirmed purchase of $500M worth of Bitcoin GameStop and proposed $1.75B private offering

• Mercury FinTech announced plans for $800M BTC treasury raise

• Trident Digital Holdings (Nasdaq: TDTH) announced $500M raise for XRP treasury

• Interactive Strength (Nasdaq: TRNR) looks to purchase $500M of the FET AI token

• The Blockchain Group raised $340M for their strategic Bitcoin treasury

• Kulr Technology Group (NYSE:KULR) looks to raise $300M to buy Bitcoin

• Siebert Financial (Nasdaq: SIEB) announced plans to raise $100M for crypto treasury

• Japanese fashion brand plans to hold $100M worth of BTC by August

• Synaptogenix (Nasdaq: SNPX) plans to purchase $10M worth of TAO for crypto reserve

• Tony G Investment Holdings announced HYPE treasury with initial $400K investment

• Polkadot community created proposal to launch Bitcoin treasury

• Ukraine drafted bill to include crypto in national reserve

Other News

• DTCC, Amazaon, and Walmart are exploring launching stablecoins

• US Senate voted to move forward with GENIUS stablecoin bill

• China injected $1.5T of cash to boost real estate market

• Elon Musk apologized after getting in public spat with Donald Trump

• Solana ETFs could be approved in next 3-5 weeks

• Connecticut passed a bill that bans government from accepting, holding, or investing in digital currencies

Tokens and NFTs

• Plasma increased their presale deposit cap to $1B and it filled within minutes

• Rekt Brands partnered with Jupiter and Meteora to bring REKT token and drinks to Solana

• Virtuals expanded to ETH mainnet with the I.R.I.S agent launch going live tomorrow

• Coinbas listed FARTCOIN for perps trading

• Pudgy Penguins announced a NASCAR partnership

• OrangeCap Games raised $3.5M in seed funding lead by Yuga Labs and 1KXNetwork