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- 🐶📰Weekend Update
🐶📰Weekend Update
Roaring Kitting sparks Gamestop action, tokens set new records, and Blast gears up for their TGE.
BTC $69,365(-2.7%) | ETH $3,683 (-3.2%) | SOL $161 (-5.6%)
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!
GameStop Saga
Last Sunday, Roaring Kitty returned to twitter after a 2 week hiatus — He also posted on Reddit for the first time since his comeback, sharing his $180M GME position
On Thursday, The Roaring Kitty YouTube channel scheduled a livestream which triggered runs on the GameStop stock and related memecoins
After the the stock climbed to as high as $64 overnight, GameStop announced plans to sell 75M shares which cratered the price back down to the mid $30s
GameStop continued to tumble after the Roaring Kitty livestream, as he provided little new information on his thesis for the trade — Memecoins related to the narrative crashed 30%-50%
Macro
U.S. spot Bitcoin ETFs recorded their second highest day of net inflows on Wednesday and extended their streak of positive net inflows to 5 weeks
VanEck released their 2030 Ethereum price target with a base case of $22k and a bull case of $154k
Franklin Templeton is considering a new crypto fund that would invest in crypto assets other than Bitcoin and Ethereum
Tokens
$BRETT became the first memecoin on Base to hit a $1B market cap as it set a new ATH of $1.8B
Binance’s $BNB set a new all time high in price as it broke $700
Vitalik Buterin expressed his disdain for the recent celebrity memecoin meta
Iggy Azalea responded to Vitalik and her $MOTHER token briefly crossed a $250M market cap
Blast
Pacmoon completed their Season 4 airdrop and announced tweet slashing for posts that break their content rules — $PAC is up 10% on the week to a $58M market cap
Fantasy added a burn mechanic and launched a new tournament structure with unlimited entries that kicks off on Monday
With TGE 3 weeks away, Blast announced logistics around the launch including a June 25 cutoff for dapps to distribute Blast Gold
Blast Gold Jackpots:
MISC
Dapper Labs settled a class action lawsuit revolving around NBA Top Shot, agreeing to pay $4M to the plaintiffs
Rekt Brands launched an equity claim with shares available for wallets that held Rektguy NFTs during an October 2023 snapshot — Claim here before June 17th
A Gold Fur Bored Ape complete set will be auctioned at Sotheby's on June 18th