The Daily Flight🦉

• Bitcoin & U.S. Stocks Both Claim New All-Time Highs

  Bitcoin peaks around $117K as the S&P 500 also reaches new all-time highs

• Trump & The U.S. Announce Latest Round of Tariffs

  Trump issues new statements on 35% tariffs for Canada & 50% copper tariffs

• U.S. Debt Grows $410B in Two Days

  National debt has now grown $410B after the debt ceiling was raised on July 3rd

• Congress Introduces Bill To Remove Capital Gains on Home Sales

  Majorie Taylor Green has proposed a new bill to reduce taxes on home sellers

• Money Market Funds Show Record Amounts of Sidelined Capital

  Money sitting in low-risk mutual funds reaches $7.4T to hit a new all-time high

• Federal Reserve Balance Sheet Holdings Hit Lowest Level Since 2020

  The Fed reduced holdings by -$13B in June as levels return from Covid highs

• Crypto Market Explodes As Over $1B in Shorts Gets Liquidated

  Liquidations send crypto soaring as overall market cap adds $165M on the day

• Robinhood Launches ETH & SOL Staking

  U.S. residents are now able to stake their ETH & SOL directly on Robinhood

• Pump Fun Acquires Wallet Tracker Kolscan

  Leading token launchpad reveals new acquisition ahead of their upcoming ICO

• BIT Mining Shifts Focus To Solana Ecosystem

  The popular mining company will now raise $200-$300M for a SOL treasury

• ETH ETFs See Similar Inflows To Bitcoin ETFs

  ETH ETFs recorded $211M of net inflows yesterday to barely trail BTC’s $218M

• BNB Completes Quarterly Burn Worth Over $1B

  BNB Foundation has recently burned 1.59M BNB to reduce supply by over 1%

• Coinbase Partners With AI Platform Perplexity To Improve User Data

  Coinbase traders will now have better access to real-time data by using AI

• German Bank Issues First Tokenized Bond

  NRW.BANK launches a €100M bond on Polygon with registration by Cashlink

• BlackRock’s Bitcoin ETF Marks New High in Assets Under Management

  $IBIT takes 200 days to reach $76B in AUM while gold’s top ETF took 15 years

• Ethereum Foundation Releases Key Focuses For Development

  Ethereum provides new outlook with focus on supporting its users & developers

• Grayscale Updates Current Assets Under Consideration

  Grayscale will now consider TON, HYPE, BNB, & more for investment products

• U.S. Treasury Updates Reporting Rules on Crypto Brokers

  A former rule has now been removed that involved tax reporting from DEXs

• Snoop Dogg Sheds Light on TON NFT Market

  TON ecosystem continues to grow as Snoop Dogg sells $12M worth of NFTs

• Robinhood Faces Investigation By State of Florida

  Florida’s Attorney General is now investigating Robinhood’s crypto promotions

• U.S. Financial Services Committee Previews Historic Crypto Legislation

  The U.S. House says several acts around crypto will be delivered next week

• Ant International Partners With Circle To Integrate USDC Payments

  A subsidiary of China’s top internet finance company will now accept USDC

• Royal Government of Bhutan Begins To Sell Bitcoin

  The government’s wallet has sent over 345 BTC to Binance in the last 2 weeks

• Hyperliquid Lists PUMP For Pre-Market Trading

  Users can now trade the Pump Fun token with up to 3x leverage prior to TGE

• ApeFest Tickets Go on Sale This Monday

  Tickets for ApeFest Vegas will be available starting July 14th at 12:00pm EST

• PENGU Goes Live For Trading on Hyperliquid

  The Pudgy Penguin token can now be traded on the popular DEX Hyperliquid

• Azuki Previews More Telegram Stickers

  Azuki teases their second Telegram release with more stickers soon available

• Myriad Introduces New Protocol With Multichain Support

  Myriad expands operations to L2 Linea while also building on top of EigenCloud

• OpenSea Distributes XP Rewards To Recent NFT Minters

  Anyone who recently minted an NFT from an OpenSea drop has been sent XP

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