The Daily Flight🦉

• Crypto Markets Fall Back As Stock Sit New All-Time High

  Stocks see little movement as crypto majors continue to fall from recent highs

• Trump Meets With Ukraine President With Hopes of Russia Peace Deal

  A new deal seems to be close as Trump looks for Ukraine to give up territory

• Odds For September Rate Cuts Begins To Fall

  Rate cuts in September now see a 83% chance after recently being at 100%

• Interest on U.S. Debt Moves Towards Record Highs

  The U.S. has paid $1T in interest on it’s national debt over the last 10 months

• U.S. Economy Looks at Busy Week Ahead

  New data will be shared on manufacturing, home sales, & July Fed Minutes

• BitMine Immersion Brings ETH Holdings Over $6.6B

  The ETH treasury company has purchased another 373K ETH worth over $1.6B

• Strategy Updates Financing Rules Around Stock Issuance

  Strategy will now be able to sell MSTR equity ATM even if mNAV is under 2.5x

• BTCS Offers Onchain Divided To Share Holders

  The company will offer up to $0.40 per share in ETH to eligible shareholders

• Moonbirds Have Wild Weekend of Sales

  Moonbirds jumps to almost 4 ETH as collection sees big sales & major volume

• China Merchants Bank Launches Crypto Trading

  A subsidiary of one of the largest banks in the world will now offer crypto trading

• Norway’s Sovereign Wealth Fund Nearly Double Bitcoin Exposure

  The world’s largest sovereign wealth fund now has over $1.3B of BTC exposure

• Fund Managers Show Little Interest in Crypto

  A new survey shows 75% of fund managers have no allocation to crypto assets

• New York Proposes New Tax on Crypto Transactions

  Legislation has been shared that would put a 0.2% tax on crypto transactions

• Traders Look To Short Ethereum At Record Levels

  The amount of net shorts on ETH have hit a new high after recent price action

• Thailand Introduces Crypto Program For Tourists

  Tourists in Thailand will be able to convert crypto into Thai Baht for payments

• Japan To Approve Yen-Denominated Stablecoin

  JPYC will launch later this year as Japan’s first ever stablecoin tied to the Yen

• ETH Balances on Central Exchanges Hits 9-Year Low

  ETH continues to get bought & held as CEX balances reach lowest since 2016

• Story Protocol Founder Leaves Company After Recent TGE

  Jason Zhao leaves Story after raising $130M to pursue new career around AI

• Heaven Releases Latest Token Launchpad

  Heaven goes live as company commits 100% of revenue to $LIGHT buybacks

• Crypto ETFs See Outflows After Impressive Week

  ETH & BTC ETFs both saw outflows on Friday after a long streak of net inflows

• BackPack Exchange To Release Daily Proof of Reserves

  The crypto exchange looks to set a new standard with real-time reserve data

• Moonbirds Leaderboard Goes Live on Kaito

  Users can now earn Yaps by posting about Moonbirds, with a boost for holders

• Rekt Announces Hyperliquid Listing & Next Drink Release

  REKT is now on Hyperliquid as Rekt Drinks x Base will go on sale August 20th

• Moonbirds Bring Back Toobins Time With Soulbound Tokens

  Toobins is now being passed among Moonbird holders as a SBT is left behind

• Vibes Prepares For Set 2 Public Release

  Legend of the Lils will release on August 29th with initial debut in Orlando, FL

• Pirate Nation Announces Plans To Shut Down

  The onchain game from Proof of Play will now be sunset as $PIRATE will live on

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