🐶📰Weekend Update

BTC $82,980 (0.2%) | ETH $2,501 (0.2%) | SOL $109 (-0.3%)

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

• ZachXBT infiltrated a Chinese crime syndicate that laundered more than $1 billion for Lazarus Group

• Ethereum Foundation's Justin Drake urged the industry to plan 'bunker mode' against AI key recovery risk — Vitalik Buterin warned that AI-accelerated math could weaken lattice-based cryptography within two years

• Abstract L2 announced its chain would shut down in December

• Tom Lee said BitMine would stop buying ETH at a 5% hard cap

TradFi

• SpaceX said Starlink would become a major US mobile carrier — AT&T, Verizon and T-Mobile each cratered over 7%

• The euro hit its weakest level in 17 months

• Persian Gulf crude exports topped 14M barrels/day for the first time since the Iran War began — Saudi Aramco said global oil reserves were running dangerously low and restoring supplies could take two years

• Tech billionaires drove all 2026 gains on the Bloomberg Billionaires Index as non-tech members lost a combined $62 billion

Crypto

• Ondo Finance launched tokenized notes tied to private tech companies, starting with a pre-IPO AI firm

• Ethereum layer-2 Blast announced its shutdown, citing lack of economic sustainability

• The US Treasury withdrew two proposals targeting unhosted wallets and crypto mixing

• Dune dashboard wizard Adam Tehc launched a memecoin trench index website

• The NEAR Intents attacker returned $3.8M in full after the exploit

• Hyperliquid perps went live on the Bloomberg Terminal — Papertrade went live on HyperEVM doing $500B of notional volume on day 1

AI

• OpenAI is in talks with UAE funds, including MGX, for a $30B-plus round at a $1.4T valuation

• OpenAI rolled out GPT-6 and Intelligent UI in ChatGPT with interactive visuals

• Anthropic launched Claude Haiku 5.5, its first Haiku model with effort controls

• Moonshot AI closed final private round at $50 billion valuation targeting a Hong Kong IPO in early 2027

• Earthmade Computers CEO Greg Lui was arrested over an alleged $300M Nvidia AI chip smuggling scheme to China