🐶📰 Weekend Update

BTC $85,940 (-3.7%) | ETH $2,155 (-1.7%) | SOL $137 (-4.2%)

Welcome to the Daily Bone Weekend Update where we recap the top stories from the week.

Today’s newsletter is brought to you by BullX!

BullX is the top memecoin trading platform with a suite of pro features that give YOU the tools you need to be profitable in any market. Their wallet tracking feature allows you to identify and follow profitable wallets and wallets that move the market. Their Neo Vision dashboard gives you an at-a-glance view of the entire memecoin market with custom filters to remove the noise.

Skip the Waitlist and Trade on BullX Today!

Headlines

• Trump signed an executive order establishing a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile

• The Crypto Summit is held with Donald Trump in attendance alongside crypto industry leaders

• Tucker Carlson interviewed Sam Bankman-Fried from prison.

• Reddit founder Alexis Ohanian bid on TikTok with plans to bring it on chain

• Bitcoin ETFs recorded $740M of weekly net outflows; Ethereum ETFs saw $94M in net outflows

• Crypto total market cap is even over 7 days despite a volatile week of price action

Bitcoin Reserves

• Bitcoin reserve bill passed the Senate in Texas — Governor hopes to make Texas the “epicenter of America’s digital future”

• New Hampshire’s Bitcoin reserve bill passed House committee

• Brazil’s board approved treasury strategy allowing 10% cash allocation to a Bitcoin reserve

• Utah’s Bitcoin bill passed without the digital reserve component

• China is speeding up legislation regarding adoption of a Bitcoin strategic reserve

Other News

• World Liberty Financial included SUI in their strategic token reserve

• Coinbase is exploring tokenizing COIN stock

• Jump is restarting crypto efforts in the US

• The IRS drafted plans to fire half of its workforce

• Traders priced in 3 rate cuts in 2025 after Atlanta Fed announced -2.8% GDP growth for Q1

• The SEC ended lawsuit against Yuga Labs

Tokens

• The GRASS team deposited $13M worth of team tokens to ByBit

• Robinhood listed ARB

• Ansem purchased $2.3M of WIF

• Dave Portnoy’s public wallet launched GREED3

• Holders of select NFT collections received free MON tokens from Monad

• Coinbase added AI16Z, COOKIE, and BRETT for perps trading

• BLUB launched on AVAX and ran to a $100M market cap before pulling back