🐶📰Weekend Update

BTC $66,998 (-1.2%) | ETH $2,466 (-2.9%) | SOL $169 (-2.4%)

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 total crypto market cap fell 2.5% as Israel attacked Iran Friday evening

• The US Treasury is considering sanctioning Tether — CEO of Tether denied the claims

• Bitcoin ETFs recorded $997M of net inflows over the past week

• Microsoft disclosed the “Assessment of Investing in Bitcoin” policy as a voting item for their December 10th shareholder meeting

Infrastructure

• Stripe acquired the Bridge stablecoin platform for $1.1B

• Avalanche released the “Avalanche Card” allowing users to spend wAVAX and USDC wherever Visa is accepted

• Coinbase partnered with the Golden State Warriors and the Canadian Football League

• Uniswap launched their native bridging platform which supports swapping assets between 9 chains

PoliFi

• Federal Reserve official Kashkari bashed crypto stating: "very few transactions happen on crypto, unless it's drugs or illegal activity"

• The Nigerian Government dropped money laundering charges against Binance executive Tigran Gambaryan

• Ripple co-founder Chris Larsen donated $10M in XRP to Kamala Harris’ campaign

• US Government linked wallet was compromised for $20M worth of stablecoins and Ethereum — $19M was recovered

Tokens

• Pump fun sold $6.6M worth of Solana and has now sold $78M of $162M generated by fees

• Pump fun added functionality to tokenize videos

• Binance launched perps trading for the GOAT and MOODENG tokens

• Scroll’s first airdrop went live — SCR sits at an $850M FDV