🐶📰Weekend Update

BTC $76,390 (+0.3%) | ETH $3,039 (+3.4%) | SOL $201 (-1.3%)

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

• Donald Trump won the U.S. Presidential election, Republicans took control of the Senate and are favored to control the House

• The majors pumped as Bitcoin set a new ATH over $77k, Ethereum broke $3k, and Solana broke $200

• Mt. Gox moved $2.2B to unknown wallets with $2B assumed to be transferred to a cold storage wallet

• OpenSea announced “OS2” is coming in December — A waitlist went live and the OpenSea UI now shows a leaderboard as well as rewards

Crypto News

• Robinhood, Kraken, and Galaxy Digital teamed up to launch the USDG stablecoin

• The State of Michigan pension fund revealed $7M in Bitcoin ETF holdings

• Detroit, Michigan announced they will accept Bitcoin to pay taxes

• France banned PolyMarket after a French trader made $48M trading the US Presidential election

Bitcoin Ecosystem

• Saturn announced the launch of a BONK powered Bitcoin Runes telegram trading bot

• Magic Eden released Bitcoin ordinals sniping protection

• Blackrock’s spot BTC ETF volume set a new record after $4.1B was traded on Wednesday

• Bitcoin ETFs set a new single day record with $1.37B of net inflows on Friday and recorded $1.6B of total net inflows on the week

Token News

• MOG briefly broke a $1B market cap as Binance listed the token for perps trading

• Solana trading volume rose to a 3-month high of $8.3B

• Kraken listed PEPE for trading for U.S. clients

• Phantom Wallet and Moonshot enabled Venmo for crypto purchases