🐶📰Weekend Update

BTC $69,626 (-0.7%) | ETH $2,503 (-0.6%) | SOL $166 (-1.0%)

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

• Immutable received a Well’s Notice from the SEC

• An investigation into Mr. Beast found he sold over $23M worth of crypto tokens he promoted

• Blackrock’s IBIT Bitcoin ETF recorded $875M of inflows, the most since the ETF launched — IBIT set a 6 month high in volume after trading $3.3B on Tuesday — Bitcoin ETFs now hold over 1 million Bitcoin

• Crypto surged early in the week with Bitcoin getting within $200 of its all time high before pulling back later in the week

PoliFi

• Election odds shifted rapidly with Trump dropping from a 64% favorite to 55%

• Florida’s CFO revealed the state holds over $800M in crypto assets

• Trump’s World Liberty Financial cut its fundraising goal 90% from $300M to $30M

• The Kalshi prediction market platform enabled USDC deposits

TradFi

• MicroStrategy announced plans to raise $42B over the next 3 years to purchase additional Bitcoin

• Canary Funds officially filed for a Solana ETF in the U.S.

• A VanEck analyst predicted $3M Bitcoin by 2050 and that Bitcoin will become a global reserve asset

• Michael Saylor offered to help Microsoft with their Bitcoin treasury plan

• Franklin Templeton became the first asset manager to launch a tokenized fund on Base

Token Terminal

• The BITCOIN memecoin briefly dropped 60% as someone sold $3M worth of tokens in four transactions

• Robinhood announced memecoin trading for European users — Kraken listed the $GIGA Solana memecoin

• Rune protocol inventor Casey Rodamor’s MEMENTO•MORI rune airdrop went live and traded over $9M and sits at a $10M market cap

• Magic Eden launched their $TestME token

• The Catholic Church unveiled their “Luce” mascot — A Memecoin launched and ran to a $90M+ market cap

• Tensor partnered with Jpegs dot fun to create an NFT launchpad experience similar to pump fun