🐶📰Weekend Update

BTC $97,853 (+6.0%) | ETH $3,418 (+9.3%) | SOL $193 (+9.2%)

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 a new all time high as it broke $108K early in the week

• A hawkish 2025 US rate cut forecast combined with the uncertainty of a government shutdown caused a pullback as over $1.4B was liquidated from the crypto market on Thursday

• Markets have begun to recover as the US House passed legislature yesterday to avoid a government shutdown

• The PENGU token went live and has settled at a $2.7B FDV

Bullish News

• Ripple launched their RLUSD stablecoin

• Total Bitcoin ETF assets under management surpassed those held in Gold ETFs

• The State of Ohio introduced strategic Bitcoin Reserve legislation

• Moonshot broke their single day on-ramp record

• Binance expects to resume US operations in 2025

Memecoins

• FARTCOIN crossed a $1B market cap as Stephen Colbert mentioned the token on the Late Show

• Fox Business asked Robinhood CEO about PENGU during a show segment

• ByBit listed GRIFFAIN and FARTCOIN for perps trading — Robinhood listed BONK

• A lawsuit was filed against the team that launched the HAWK token — Haliey Welch broke her silence and sided with the plaintiffs

NFTs

• The OpenSea Foundation account was created on Twitter, fueling token speculation

• CyberKongz received a Wells Notice from the SEC

• Doodles hinted at a token in a cryptic tweet by founder Burnt Toast

• Cool Cats, World of Women, and Goblintown all followed suit with similar token “announcements”