🐶📰Weekend Update

BTC $104,484 (-0.8%) | ETH $3,298 (-2.8%) | SOL $249(+6.1%)

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

• Trump established the President’s Working Group on Digital Asset Markets which is tasked to evaluate the potential creation of a “national digital asset stockpile”

• Trump signed an executive order which bans the creation of CBDCs

• The Jupiter Jupuary airdrop went live

• Azuki’s ANIME claim went live

• Abstract announced it will be launching on Monday January 27th

• Ledger cofounder was kidnapped and rescued

Regulations

• SAB121 was rescinded allowing banks to custody crypto assets

• Trump’s “Crypto Czar” categorized memecoins and NFTs as collectibles

• Cynthia Lummis was named chair of the Senate Banking Subcommittee of Digital Assets

• Gary Gensler officially resigned — Mark Uyeda was appointed as acting SEC chair

• Grayscale filed for a Solana ETF

• IShares Bitcoin ETF filed for in kind redemption

Blockchain and Infra

• Blast released their mobile app which offers over 50% APY on USD — Airdropped next round of BLAST to users

• Abstract released its “Ecosystem Map” of apps that will be live on launch

• Solana core developer founded Unto, a new L1

• Kaito launched the “yappers launchpad”, a pre-tge decentralized token launch platform

• Fidelity posted for a Principal Blockchain Engineer on the Solana job board

• A16Z pulled out of the UK to focus on US crypto investment

Tokens

• Barstool Sport’s Dave Portnoy debated launching a memecoin

• Vine founder Rus launched the VINE token

• Over $24M worth of FARTCOIN was sold OTC from the Truth Terminal wallet — Creator Andy Ayrey explained the decision

• ZachXBT cashed $3.6M from a memecoin created to reward his efforts

• Faraway announced their $RIFT airdrop

• Official D.O.G.E website featured the DOGE memecoin logo

• Virtuals AI launchpad expanded to Solana

• Jupiter acquired a majority stake in Moonshot memecoin trading platform