🐶📰 Weekend Update

BTC $63,608 (1.8%) | ETH $1,726 (2.0%) | SOL $72 (4.8%)

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 Hormuz blockade ended after deal with Iran was signed

• Fed held rates steady and omitted forward guidance at Warsh's first meeting — Odds of a July rate hike increased to 25%

• STRC fell as low as $82 before recovering back over $88 — Saylor admitted to using AI to develop STRC

• Binance’s MiCA license is in jeopardy and the exchange could lose permission to serve EU clients

TradFi

• Rockstar opens pre-orders for GTA 6 on June 25

• Intel gained 14% on rumors of Apple chip deal

• CME group announced plans to sue the CFTC over regulation of perpetual futures

• SpaceX briefly flipped Microsoft to become 4th largest public company by market cap before pulling back — SpaceX to acquire Cursor coding platform for $60B

Crypto

• Franklin Templeton filedfor ETF that reinvests stock dividends into BTC

• SBF told prison inmate that he will launch a token when he gets out of jail

• HYPE ETFs have now recorded $153M in net inflows — HYPE hit a new ATH of $77 on Wednesday

• Strategy added $100M BTC and $100M cash reserves

AI

• AI image and video generation company Midjourney revealed full body medical scanner

• Coinbase launched SEC-registered AI investment advisors

• White House demanded that Fable 5 be impossible to jailbreak before re-release — Anthropic CEO said companies testing Mythos liken it to a super weapon that should “require a gun license”

• Snapchat revealed new AR glasses