🐶📰Weekend Update (Trump Memecoin Edition)

BTC $103,466 (+0.6%) | ETH $3,290 (+3.6%) | SOL $244 (+10.8%)

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

• Donald Trump launched a memecoin — It ran to over 20B FDV with only 20% of total supply circulating

• Trump is receptive to the idea of creating strategic reserves of tokens founded in the USA including SOL and XRP

• The ANIME token announced tokenomics and will launch on January 23 — Orbiter announced their OBT TGE will take place on January 20

• Bitcoin regained $100k as PPI and CPI data came in cool — XRP set a new ATH of $3.40

• Abstract released details on their incentive structure

Infrastructure

• Coinbase announced Bitcoin backed lending

• Tether launched the USDT0 cross-chain stablecoin and relocated to El Salvador

• Phantom Wallet raised $150M at a $3B valuation

• ETORO filed for U.S. IPO at a $5B valuation

• Dubai announced plans to build a 17 story “crypto tower”

Odds and Ends

• The Marathon mining company embedded a portrait of Donald Trump in Bitcoin block 879613

• Bloomberg reported that Trump plans to designate crypto as a “national priority”

• VanEck filed for an “OnChain Economy” ETF that invests in companies that hold crypto

• Trump’s SEC overhaul may freeze pending enforcement cases

Tokens

• Coinbase added the Base memecoin TOSHI to their asset listing roadmap

• Binance listed TRUMP, AVA and ARC for perps trading

• Eliza announced a $420K AI-powered humanoid robot

• Moonshot became the #1 Finance App on the Apple App Store

• Burwick Law pursued legal action on behalf of those who have lost money on Pump Fun

• Virtuals AI launchpad announced a $20M+ buyback and burn of AI agents launched on their platform