🐶📰 Weekend Update

BTC $111,567 (0.3%) | ETH $3,942 (-0.3%) | SOL $193 (0.0%)

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

• Trump pardoned CZ

• Meteora’s airdrop went live — TRUMP token team was the leading recipient of the MET airdrop

• Coinbase acquired Cobie’s Echo investment platform for $375M — Purchased Cobie’s Up Only NFT for $25M

• MegaETH announced public presale raise at a max $999M FDV and MEGA began trading premarket at a $5B FDV on Hyperliquid — Tokenomics and utility

Prediction Markets

• The NHL reached licensing deals with Polymarket and Kalshi

• Draft Kings acquired Railbird to expand into prediction markets

• Jupiter launched prediction markets powered by Kalshi

• Prediction markets set a new weekly high with over $2B in volume

Crypto News

• JP Morgan to allow institutional clients to use BTC and ETH as collateral for loans

• Fidelity made Solana available for purchase for brokerage customers

• Coinbase, Ripple, and Gemini donated to Trump’s $300M White House Ballroom

• Gold shed $1.7T worth of market cap as it dropped below $4100 after setting an ATH over $4400

• A16Z released “State of Crypto 2025” report

Tokens and NFTs

• Robinhood became the first major exchange to list HYPE

• Farcaster acquired the CLANKER token launchpad on Base

• Yuga Labs announced the BAYC Clubhouse

• x402 AI payments meta gained stream after A16Z crypto report

• HIP-3 markets went live on Hyperliquid