🐶📰 Weekend Update

BTC $103,470 (-2.3%) | ETH $2,519 (-3.9%) | SOL $153 (-6.5%)

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

• Circle filed for IPO on NYSE

• Trump Media announced $2.5B Bitcoin treasury deal

• FTX completed $5B cash distribution to creditors

• Bitcoin ETFs recorded $145M of weekly outflows as Ethereum ETFs continued a 10-day inflow streak with $285M of weekly net inflows

Crypto News

• US Court ruled that President Trump does not have authority to implement sweeping global tariffs

• Trump delayed EU tariffs to July 9 — Bumped steel tariff up to 50%

• Circle froze $57M worth of USDC tied to the LIBRA token scandal after Burwick Law filed class action suit

• New Jersey tokenized $240B worth of property deeds on AVAX

• CETUS vote to return frozen funds from hack was passed and funds were transferred to multi-sig

Crypto Treasury Update

• The Blockchain Group raised over 63M Euros through convertible bonds to pursue Bitcoin treasury strategy

• Gamestop purchased 4,710 Bitcoin worth over $500M

• Vivek Ramaswamy’s Strive Asset Management announced a $750M private investment round to fund Bitcoin purchases

• SharpLink Gaming (Nasdaq:SBET) announced a $1B private raise to kick off Ethereum treasury strategy — SBET is up 2000% on the week

• The Trump backed Bitcoin Act Bill to purchase 1M Bitcoin will hit Congress next week

• Metaplanet issued $50M in bonds to purchase additional Bitcoin

• SOL Strategies filed for a $1B shelf offering to invest into Solana ecosystems

• VivoPower (Nasdaq:VVPW) raised $121M to launch XRP treasury strategy

• Defi Development Corp became first publicly traded company to invest in Solana liquid staking tokens

• Pakistan’s government announced plans to launch a Bitcoin strategic reserve

Memes, NFTs, and InfoFi

• The Moonbirds ecosystem pumped 75% after acquisition by Orange Cap Games

• Binance introduced trading live streams

• Echo announced “Sonar” to facilitate public token sales — Plasma token sale will be the first token sale on the platform

• Sophon’s SOPH token went live

• Infinex Season 0 airdrop went live

• 9dcc shut down

• Humanity Protocol announced a $2M airdrop campaign for Kaito yappers and stakers who sign up for their testnet