The Daily Flight🦉

You may have noticed, but we have a new look!

Orange Cap Games (incubated by Spencer) has completed a recent acquisition and are welcoming in the Moonbirds community. There may be some minor tweaks going forward but rest assured the daily news will continue to go out Monday through Friday with all things crypto and more!

Check out the headline below under Crypto Current Events and click the link to read the full details behind this exciting announcement!

• Liquidations Hit Crypto While Stocks Weather Trade News

  Over $900M gets liquidated from crypto markets as BTC fights to hold $104K

• Trade Deal Between U.S. & China Seems To Fall Apart

  Trump accuses China of violating their agreement as both sides show concerns

• S&P 500 Breaks “Sell in May” Curse

  S&P 500 sees best month since November & records best May since 1990

• U.S. Real GDP Falls Slightly in Q1 2025

  A new estimate by the Bureau of Economic Activity shows a 0.2% annual decline

• Inflation Numbers Come in Below Expectations

  Core PCE inflation drops to 2.5% to reach lowest levels since September 2024

• Trump’s Tariffs Cause Significant Shift in U.S. Imports

  U.S. goods imports fell ~20% in April to mark the largest decline ever recorded

• U.S. Banks Show Major Q1 Losses

  American banks see unrealized losses of $413B from Q1 security investments

• Trump Raises Global Tariffs on Steel

  The White House says steal tariffs will increase from 25% to 50% to protect U.S.

• U.S. Housing Market Shows Worrying Data

  Home sellers have now exceeded buyers by over 500K to mark largest gap ever

• 🚨Orange Cap Games Announces Acquisition of Moonbirds🚨

  The team behind the Pudgy TCG now takes rains of a legacy NFT collection

• SharpLink Gaming Announces Plan To Raise $1B For ETH Treasury

  Public companies turn to ETH as SharpLink stock jumps over treasury news

• Trump Media Officially Raises $2.32B For Bitcoin Treasury

  Trump Media has completed their raise of $2.32B that’ll be used to buy Bitcoin

• REXShares Files For Staked ETH & SOL ETFs

  REX looks to add first staked ETFs in the U.S. with recent filing under 40-Act

• Webus International Announces $300M Raise For XRP Treasury

  The Chinese AI company will complete their raise using non-equity financing

• Canary Capital Files For Staked $CRO ETF

  More crypto ETFs reach the SEC’s desk as Crypto.com lands latest filing

• Texas Bitcoin Reserve Bill Hits Governor’s Desk For Final Approval

  Texas looks to become the third U.S. state to adopt a Strategic Bitcoin Reserve

• James Wynn Gets Liquidated For $100M

  The leverage trader has now lost over 949 Bitcoin after 40x longs get liquidated

• Solana Introduces Open-Source Mobile App Kit

  Solana releases builder kit to help the creation of IOS & Android mobile apps

• FTX Begins Second Distribution To Creditors

  $5B+ will be sent out as creditors should receive funds in 1-3 business days

• BitMEX Prevents Recent Hack-Attempt From North Korea

  BitMEX stops Lazarus Group’s latest exploit attempt & discovers IP address

• JPMorgan Questions Ethereum’s Future

  The banking giant says a lack of institutional interest may hurt futures trading

• Sui Community Approves Refund Proposal

  Cetus Protocol & Sui prepare for 100% refunds after previous $200M+ exploit

• U.S. Vice President Shares Value Proposition For Bitcoin

  JD Vance says $BTC serves as a digital store of value while also reducing fraud

• Revolut Announces Relaunch of U.S. Crypto Services

  Banking company, Revolut says crypto services are coming “ver very soon”

• Netflix Reveals Actors For Upcoming Series on FTX Scandal

  Netflix’s The Altruists will be based around the lives of SBF & Caroline Ellison

• XCOPY Continues To See Massive Art Sales

  The popular digital artist recently sold the piece ‘Mortal” for $1.11M on Gondi

• Thailand SEC Blocks Several Crypto Exchanges

  On June 28th, Thailand will block Bybit & others due to lack of proper licensing

• SOL Strategies Purchases More $SOL After Recent Financing News

  The public company has bought $4.7M more SOL to bring holdings over $67M

• Pump Fun Sends Another $25M To Kraken

  Solana token launchpad continues to rake in fees with $640M sent to Kraken

• Brazilian Company To Raise $26M For Bitcoin Reserve

  Fintech company, Meliuz has filed to raise $26.45M for corporate BTC treasury

• Loud Opens Wallet Checker For Upcoming Presale

  Snapshots have been taken as Loud’s Initial Attention Offering begins tomorrow

• OpenSea Sends Out XP Rewards To OS2 Beta Users

  Anyone who participated in OS2 beta can now claim their Treasure badges

• Rekt Drinks Release Mint Details For Upcoming Flavor

  Rekt partners with OpenSea as Ship Rekt launches June 3rd at 12:00pm EST

• Goblintown Releases Free Version of New Game

  Really Hard Driving Game is now live as a free demo on the Steam store

• Boop Launchpad Provides $1M in New Rewards Pool

  Boop shares new rewards system to incentivize cults and their market caps

• Grind Coin Announces Partner Communities For Upcoming TGE

  $GRIND shares more details as holders of Pudgy, Rekt, & more will get tokens

• Wallet Connect Includes Phantom Wallet Users in $WCT Airdrop

  Eligibility will be shared soon as Phantom users prepare for $WCT tokens

• Farcaster Announces First Airdrop on Solana

  Farcaster users receive their first airdrop on Solana thanks to Circus dot fun

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