🐶📰 Weekend Update

BTC $84,642(+5.7%) | ETH $2,177 (+3.2%) | SOL $141 (+5.6%)

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!

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Headlines

• Tariff announcements and Global macro instability caused the total crypto market cap to fall 16% on the week below 2021 peak levels

• Bitcoin ETFs saw over $2.6B in net outflows this week

• Over $825B was added to the U.S. stock market on Friday as markets bounced back

• The White House announced it will host its first Crypto Summit this Friday, March 7th

• Trump files for trademarks for NFT and Metaverse trading platform

• SEC stated that memecoins generally do not qualify as securities

• ZachXBT joined Paradigm as Incident Response Advisor

SEC Investigations and Bitcoin Bills

• The SEC dropped their investigations against:

  • Gemini

  • Metamask developer Consensys

  • Coinbase

  • Robinhood

  • Uniswap Labs

  • Hex founder Richard Heart

• Bitcoin Reserve bills failed to pass legislation in Wyoming, Montana, North Dakota, and South Dakota

• Strategic Bitcoin Reserve advanced to House floor in Oklahoma

• Strategic Bitcoin Reserve bill advanced to Senate floor in Texas

• Arizona senate passed Bitcoin Reserve bill

Other News

• Democrats introduced the MEME act, which aims to prevent federal officials from promoting, issuing, or sponsoring a digital asset

• ByBit purchased and borrowed enough Ethereum to backs all assets 1:1 after hack — Released hack report, showing potential exploit in Safe Wallet

• Bank of America announced USD-pegged stablecoin

• SBF tweeted for the first time since January 2023 and a fake SBF account with a government Twitter badge tweeted out a Solana memecoin address

• Franklin Templeton filed for a Solana ETF

• The introduction of Flashblocks make Base the fastest EVM chain

• Uniswap introduced fiat off-ramping

Tokens

• NFT Marketplace Mintify introduced $MINT token

• $LIBRA and $MELANIA insider team laundered funds through the POPE memecoin

• Memecoin Launchpad Pump Fun recorded its lowest daily volume since October 13th

• Redacted announced their RDAC token will launch this month

• Pump Fun began testing their own AMM liquidity pools

• Metamask announced wallet updates including support for BTC and SOL