🐶📰Weekend Update

BTC $54,404 (-2.9%) | ETH $2,284 (-3.5%) | SOL $127 (-2.5%)

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!

Macro Meltdown

• Crypto and traditional finance markets tumbled after a weak jobs report on Friday

• $1.7T was wiped from the U.S. stock market this week — The S&P had its worst week since March 2023

• Crypto ETFS saw massive outflows as Bitcoin ETFs bleed $706M and ETH ETFs lost $91M

• The FBI warned that North Korea is trying to hack US ETF funds

Major News

• FTX gets set to return $16B worth of stablecoins to creditors in Q4

• Telegram updated the privacy portion of their FAQ — Pavel Durov made his first public statement

• The CFTC issued an order against Uniswap Labs for offering crypto derivative trading

• Mastercard launched a non-custodial Bitcoin and crypto debit card

PoliFi

• Details have been released on Trump’s “World Liberty” defi project

• A Whitepaper draft for the World Liberty token showed 70% insider allocation

• Trump vowed to make America the “world capital for crypto and Bitcoin”

• Coinbase CFO disclosed that Kamala Harris is using the platform to accept crypto payments

Tokens and NFTs

• Pumpfun copycat Ethervista launched on Ethereum

• The Cryptokitties founders launched the “egg” NFT collection which ran from sub 0.01 ETH to a local high of 0.4 ETH

• An Ape (620 ETH) and Two Zombie (240 ETH, 475 ETH) CryptoPunks sold this week

• Blast released details on their mobile “Big Bang” competition with $250k grants available for builders