🐶📰 Weekend Update

BTC $109,293 (-0.5%) | ETH $2,567 (-1.0%) | SOL $177 (-2.1%)

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

• Bitcoin set new all time highs on back-to-back days — ETFs recorded $2.75B of weekly net inflows

• Big banks announced joint venture into stablecoins

• The trade war restarted with 25% tariffs on foreign-made IPhones and a potential 50% tariff on the EU

• The US Senate voted to move forward with GENIUS stablecoin bill after vote failed last week

• Trump held memecoin dinner with over 100 people protesting outside — Maxine Waters introduced the “Stop TRUMP in Crypto Act” that would bar a sitting President from profiting off of crypto

• Moody’s downgraded US credit rating for the first time in history

Crypto News

• Crypto perps trading could be coming to the US

• FIFA partnered with Avalanche to launch L1

• Strategy announced sale of $2.1B of 10% preferred stock

• Texas Senate passed the Texas Strategic Bitcoin Reserve and Investment act

• Circle in talks with Coinbase and Ripple for a $10B+ acquisition

Crypto Infrastructure

• Kraken announced xStocks, a tokenized equities trading platform built on Solana

• Succinct Labs made a breakthrough with real-time Ethereum proofs

• OKX launched xBTC a 1:1 backed wrapped BTC token on Solana

• Bitcoin community debated the BIP-177 proposal to rename “Satoshis” to “Bitcoin” with 100M Bitcoin equal to 1 BTC

Tokens and NFTs

• Sophon announced SOPH TGE coming May 28

• The Ape foundation released their Q1 Banana Bill report

• Claynosaurs released Popkins SUI mint details

• Season 1 of Fantasy Top ended and new heroes entered the platform

• Solana Mobile announced Seeker ship date and SKR token

• Virtuals updated Genesis points system to reward agent token staking

Upcoming Mints

This Week:

• Popkins (SUI)

  • Date: 5/29

  • Price: 200 USDC

  • Supply: 25K