🐶📰Weekend Update

BTC $61,514(+1.0%) | ETH $3,385 (-0.1%) | SOL $140 (-1.5%)

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

• Bitcoin is down 5.5% over the last week as ETFs have seen $37M in outflows

• The US Government sent $240M of Bitcoin to Coinbase

• Mt Gox announced plans to distribute $9 billion of Bitcoin in July

• Reuters reported that the Ethereum ETF could launch as soon as July 4th

• The US SEC sued Consensys, claiming that they operate an unregistered broker through Metamask

Layer 1’s

• Solana introduced Blinks, which allows users to initiate Solana transactions via sharable links

• Investment manager VanEck filed first SOL ETF application — 21shares follows suit

• Ethereum experienced nine of its ten lowest gas fee hours ever, marking the cheapest average gas prices since November 2016

• MegaETH raised $20M in seed funding to build a blockchain capable of processing 100K transactions per second

• Pudgy Penguin parent company Igloo acquired Frame to contribute to Abstract, “a blockchain for consumer crypto”

Blast

• Blast created the Blast Foundation and launched the $BLAST token which debuted at an underwhelming $2B FDV

• Blur Season 3 traders received 0.5% of the $BLAST supply, while $BLUR holders received 1.5% — A departure from the promised 50-50 airdrop split

• Blast announced Phase 2 of their incentives program will go live next week

Misc

• The Pudgy Penguins team introduced parent company Igloo and a fresh wallet bid over $3 million on 110 Pudgy Penguins in underwater loans

• Dexscreener launched PumpdotFun competitor, “Moonshot”

• Rainbow Wallet introduced ETH rewards

• Coinbase partnered with Stripe to integrate various on/off ramps for USDC on Base

• Top Shot collectors to receive $0.12 per moment owned as part of Dapper Labs’ settlement