🐶📰 Weekend Update

BTC $84,293 (+0.5%) | ETH $1,992 (+1.6%) | SOL $130 (+3.1%)

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Headlines

• Pump Fun launched PumpSwap, a native DEX where all new tokens will graduate to

• BNB lead all chains in weekly DEX volume

• The SEC dropped their appeal against Ripple

• The US Fed left rates unchanged — Trump urged cuts

• Microsoft flagged malware that targets crypto wallets

• The IMF released updated guidelines that include provisions for crypto for the first time ever

• Bitcoin ETFs posted 5 days of net inflows totaling over $744M while Ethereum ETFs posted 5 days of net outflows totaling over $100M

TradFi and Regulations

• The SEC’s crypto taskforce held a roundtable on Friday — Task Force lead Hester Peirce stated that NFTs should be allowed to be used to raise capital

• The SEC confirmed Bitcoin and Proof of Work mining is not considered a security

• Trump addressed the Blockworks’ Digital Asset Summit

• The first ever Solana ETFs went live

• Japanese Bitcoin treasury company Metaplanet added Eric Trump to board of advisors

• The S&P 500 ended a 4 week losing streak

• Strategy announced the STRF perpetual preferred stock which will raise $722.5M

Launches and Acquisitions

• Ethena and Securitize announced the Converge chain, a settlement layer for “traditional finance and digital dollars”

• Kraken closes in on deal to acquire futures trading platform NINJATRADER for $1.5B

• Raydium announced LaunchLab, a Pump Fun-style token launchpad

• Solana Mobile announced their Seeker phone will be shipping this Summer

• Fidelity announced launch of digital dollar competing with Blackrock’s BUIDL

• Walrus announced that their mainnet will go live next week

Tokens and NFTs

• Adam Weitsman acquired 4 Mega Mutant Apes

• Sugartown announced the $WIN token

• NBA Top Shot Moments are now tradeable on OpenSea

• Binance unveiled “vote to list” initiative featuring BNB tokens

• Definitive trading platform released airdrop checker for their EDGE token

• Defi Dungeons’ GOLD token vault closed with $130M worth of deposits