🐶📰 Weekend Update

BTC $64,239 (0.1%) | ETH $1,665 (-0.8%) | SOL $68 (-0.5%)

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

• US and Iran near a 14-point MOU draft to reopen the Strait of Hormuz, release $25B in frozen assets, and freeze nuclear enrichment

• SpaceX opened at $160 and jumped 30% to a $2.3 trillion market cap before pulling back — Elon Musk became the first trillionaire in history

• Anthropic launched Fable 5, a Mythos class model with guardrails — Disabled public access after US Government imposed export controls banning non US citizens from using the model

• Reuters investigation showed the Trump family has profited $2.3B from crypto

TradFi

• CME Group wanted to expand 24/7 trading of gold and oil — CFTC moved to block this citing CME Group’s concern about Hyperliquid

• CPI met expectations at highest levels since 2023

• Kalshi perps trading surpassed $1B in volume

• Intel surged 15% on back of Google and Nvidia deals

• AOL parent company filed for IPO

Crypto

• Polymarket processed a record $118 million on day one of the World Cup

• Binance, ByBit, and BitGet canceled SpaceX tokenized allocations after share shortage

• Tether froze $72 million of USDT linked to Monero surge

• Circle sent a record $4.4B USDC to Coinbase via HyperEVM

• Legacy Raydium pool was exploited for $1.3M

AI

• OpenAI filed for IPO — Odds of trading over $1.5T surged to 50% on Polymarket

• Jeff Bezos’ new AI startup Prometheus raised $12B of capital to automate “end to end engineering”

• OpenAI lets Codex users save rate limit resets for later use

• Trump thinks AI companies will give US government stake in ownership

• Cracker Barrel gained 29% on announcement of AI integration