🐶📰Weekend Update

BTC $66,860(+0.5%) | ETH $3,498 (+0.3%) | SOL $173 (+2.7%)

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 and TradFi

• Crypto rallied this week despite equities having their worst week since April

• Mt. Gox sent 48K BTC to Kraken to repay creditors beginning as soon as this week — Mt. Gox still holds 90K Bitcoin

• MakerDAO announced a $1B investment into RWA’s that has Blackrock, Ondo, and Superstate competing for funds

• Grayscale launched a “Decentralized AI” fund with holdings including NEAR, FIL, RNDR, LPT, and TAO

ETFs

• The spot Ethereum ETFs are slated for launch on Tuesday, July 23

• Ethereum ETF fees are released with 6 firms opening at 0% with Grayscale’s ETH Mini launching with the lowest post-waiver fee at 0.15%

• Bitcoin ETFs continued their 11-day streak in the green, adding $1.2B in net inflows this week

• Grayscale is spinning 10% of their GBTC ETF into a mini BTC ETF which will have the lowest fees of all Bitcoin funds

PoliFi

• Donald Trump named JD Vance as his Vice Presidential running mate — Vance previously disclosed up to $250K worth of Bitcoin holdings

• Trump is rumored to announce plans to use Bitcoin as a U.S. strategic reserve at the Bitcoin 2024 conference in Nashville

• Election forecasting expert Nate Silver joined Polymarket as an advisor and the platform set a new daily record of $20M of volume on Thursday

• Polymarket odds shifted as Joe Biden tested positive for Covid — Biden “more receptive” to dropping out

Memecoin Madness

• Memecoins led gains as crypto majors rally

• $WIF gained over 60% on the week and flipped Arbitrum in market cap — Forbes article labeled WIF as the top performing memecoin

• $POPCAT became the first cat memecoin to cross a $1B market cap as Polymarket drama ensued

• $MIGGLES soared to a $100M market cap as Coinbase announced a remix campaign surrounding their Miggles NFT mint

Upcoming Mints

This Week:

•  7/22: Boldinals (BTC)