🐶📰Weekend Update

BTC $59,172 (+1.0%) | ETH $2,599 (-0.9%) | SOL $139 (-3.2%)

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

• Apple unlocked their payment chip for third party developers, opening the door for mobile crypto payments

• Odds for a 50BPS September rate cut dropped from 30% to 15% after U.S. CPI data failed to beat estimates

• Coinbase teased cbBTC which would unlock additional Bitcoin liquidity for Ethereum DEFI protocols

• PayPal’s PYUSD Solana supply flipped its supply on Ethereum

TradFi

• Blackrock flipped Grayscale to become the largest crypto fund manager

• South Korea’s national pension fund invested $34M into MicroStrategy

• Marathon Digital Holdings purchased $249M worth of Bitcoin over the last 2 days

• Bitcoin ETF holdings were reported by Morgan Stanley ($187M) and Goldman Sachs ($419M)

PoliFi

• On Thursday, Kamala Harris’ PolyMarket odds to win the election hit a new all time high (54%)

• The Trump sons launched a telegram channel for their “The DeFiant Ones” crypto project

• Donald Trump and Elon Musk failed to talk about crypto during 3 hour long twitter space

• Vivek Ramaswamy called for crypto to be a non-partisan issue during CNBC interview

Odds and Ends

• Doodles’ single “Not in Store” by Coi Leray and Pharrell Williams released on major streaming platforms

• Crypto.com became the official sponsor of the UEFA Champions League in a deal estimated to be worth $495M

• El Salvador’s “Bitcoin City” received a $1.6B investment for a seaport

• Celsius sued Tether for $2.4B over liquidation of 39K Bitcoin