In this weekly recap, we cover:

• Pump.fun’s Historic Token Sale: Solana’s memecoin launchpad raises $600M in 12 minutes, marking the third-largest ICO ever.
• Coinbase Unveils Base App: Wallet, trading, payments, and social go live in a new all-in-one platform built on “Basechain.”
• Trump’s 401(k) Crypto Order: The President prepares to greenlight crypto, gold, and private equity in retirement accounts.
• Polymarket Cleared: DOJ and CFTC end investigations into the prediction market platform with no charges filed.
• Cantor Bets Big on Bitcoin: The Wall Street firm lines up a $4B acquisition with Blockstream in one of the year’s largest crypto deals.
• Fairshake’s Political Power Play: The crypto PAC builds a $141M war chest ahead of the 2026 elections.
• Citigroup’s Stablecoin Ambitions: CEO Jane Fraser confirms the bank is exploring a Citi-backed token and tokenized deposits.
• Grayscale Eyes IPO: The asset manager files confidential paperwork with the SEC, aiming for a public debut.
• Sonnet’s $888M HYPE Strategy: A biotech firm pivots to crypto, forming the largest public holder of HYPE tokens.
• Fantasy.top Moves to Base: User losses and falling revenue trigger a migration from Blast to Coinbase’s Base network.