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- 🐶📰 Weekend Update
🐶📰 Weekend Update
US and Iran near peace deal, SpaceX IPO sets records, and all of the drama with Anthropic's Fable 5 model.
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