🐶📰Weekend Update

BTC $102,139 (-2.4%) | ETH $3,258 (-2.7%) | SOL $228 (-4.9%)

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

• Markets tumbled early in the week on FOMC and Deep Seek fears as NVDA posted the largest single day loss in market history

• Markets recovered when the Fed left rates unchanged and Jerome Powell stated that “banks are perfectly capable to serve crypto customers”

• KuCoin and its founders reached a settlement on multiple lawsuits

• Total DEX volume hit a new monthly high of $564B in January

• Abstract main net went live

TradFi

• The SEC approved a combined Bitcoin and Ethereum ETF

• Coinbase Futures filed with the CFTC to list Solana futures

• Norway’s central bank disclosed $500M in MicoStrategy holdings

• Head of Czech Central Bank proposed a plan to hold Bitcoin in reserves

• Bitwise filed for a DOGE ETF

• Tuttle Capital filed for 10 leveraged crypto ETFs including a MELANIA ETF

• Igloo teased “institutional and commercial” adoption to bring inflows to the Pudgy ecosystem

• Grayscale launched a DOGE trust and filed to convert it into an ETF

• 21 Shares filed for a Polka Dot ETF

Crypto Figures

• Sam Bankman-Fried’s parents asked Trump to pardon their son

• Ross Ulbricht lost $12M by incorrectly adding liquidity on the ROSS tokens sent to his wallet

• Michael Saylor appeared on the cover of Forbes

• Gemini paused all hiring from MIT as long as Gary Gensler works there

• Burnt Toast took over as CEO of Doodles and stated that “the extractive corpo era of doodles is over”

Tokens

• Pump fun founder estimated $500M worth of Solana has been burned by the platform

• The Venmo founder launched the JELLYJELLY token which ran to a $250M market cap before pulling back to $60M

• TNSR airdrop 4 went live on Friday

• Faraway airdropped the RIFT token and it ran to a $300M market cap before pulling back to $33M

• WIF teased plans to appear on Las Vegas sphere — Sphere denied claims

• Erik Voorhees’ Venice AI platform airdropped the VVV token — Coinbase listed VVV and the token ran to a $1.6B FDV before pulling back to $600m

• Unicorn Fart Dust creator Basement Ron claimed he was hacked as his wallet sold $1M of the UFD token

• Chuck Liddell teased a memecoin launch but instead shared the GIGA contract address