🐶📰Weekend Update

BTC $94,485 (-0.4%) | ETH $3,270 (-1.1%) | SOL $187 (-2.8%)

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

• It was a volatile week for crypto as Bitcoin hit highs over $102K and lows under $92K

• The U.S. DOJ gave the green light to sell $6.5B worth of Bitcoin seized from Silk Road

• Backpack crypto wallet and exchange acquired FTX EU and announced that “the seasons are coming” next month

• Bitcoin ETFs saw $312M of weekly net inflows as their Ethereum counterparts recorded $186M in net outflows

• Meta shareholders proposed a plan to add Bitcoin as a treasury asset

• Strong U.S. jobs data caused rate cut odds for 2025 to plummet

AI and Infra

• AI crypto twitter mindshare ballooned to 72% after Sam Altman announced progress on AGI

• Virtuals protocol and Animoca announced partnership to invest in AI x Gaming

• AI16Z’s Eliza framework integrated ApeChain

• The Sonic Solana L2 launched and crossed $3B FDV

• Coinbase Wallet rolled out functionality to accept cash and paycheck deposits

• Kenya announced plans to legalize Bitcoin and crypto

Fungibles

• Jupiter’s JUP airdrop checker is set to go live next week

• The REKT token went live on the Virtuals launchpad and @RektGuyAI was created

• AI16Z was listed on Binance for spot trading along with AIXBT, COOKIE, and CGPT

• ByBit listed AIXBT for spot trading

• Limit Break announced “Apptokens”, programmable token smart contracts focused on providing additional functionality for game developers

Non Fungibles

• Jirasan’s RDAC token will launch this month

• Trump’s Bitcoin Ordinals collection went live on Magic Eden

• Yuga Labs announced that a persistent version of the Otherside is launching in June

• Kaito AI announced partnership with ANIME token — Genesis NFTs ran to 7 ETH