🐶📰 Weekend Update

BTC $94,192 (0.1%) | ETH $1,798 (0.7%) | SOL $149 (-3.4%)

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

• The Federal Reserve rescinded 2022 guidance related to bank crypto activities, making it easier for banks to process crypto transactions

• Strike CEO Jack Mallers launched “Twenty One”, a new Bitcoin acquisition company with $4B worth of Bitcoin on its balance sheet

• Raydium announced Launch Labs rewards — BONK partnered with Raydium for launchpad and LETSBONK runs to a $29M market cap

• SOL Strategies raised $500M in convertible notes to purchase more Solana

• Bitcoin ETFs recorded 5 straight days of net inflows totaling over $3B

Partnerships and Integrations

• AT&T partnered with decentralized wireless network Helium to provide additional coverage to users

• Tether acquired 10% ownership of Juventus football club

• SUI gained over 60% on the day to lead all majors as rumors of a Pokemon integration swirled

• RockawayX venture capital firm raised $125M to invest primarily into Solana ecosystem startups

Crypto News

• Coinbase added support for Paypal’s PYUSD stablecoin

• Solana treasury company Janover changed their name to Defi Development Corporation and acquired $9.9M Solana — Filed to raise $1B to purchase additional Solana

• Metaplanet added $13.4M Bitcoin

• Paul Atkins was sworn in as SEC Chairman — 72 crypto ETFs are now awaiting SEC approval

• Stripe CEO announced stablecoin product

Tokens and NFTs

• The TRUMP memecoin announced a 90 day token lockup extension and private dinner for top holders — TRUMP led all top 100 coins and is up 88% on the week

• ZORA went live and is trading at a $170M FDV

• Initia mainnet went live with airdrop claims for users and yappers — INIT is trading at a $850M FDV

• The art for RTFKT’s CloneX NFTs was briefly removed