The Daily Flight🦉

• Markets Bounce Back With Rebound Off Local Lows

  Stocks & crypto both see strong days as overall markets look to regain steam

• BRICS Considers Joint Response To Trump’s Tariffs

  Global tensions are on the rise as recent tariffs cause countries to respond

• Household Debt Reaches New Record High

  Total household debt breaks new high at $18.39T after a $185B Q2 increase

• U.S. Announces New Tariffs on India & Japan & India

  Trade deals start to collapse as Trump imposes new tariffs on Japan & India

• Stagflation Worries Begin To Grow

  Prices continue to rise in the U.S. as overall economy begins to fall behind

• U.S. & Switzerland Fail To Reach Trade Deal

  Swiss President leaves the U.S. after recent negotiations fail to break through

• China Announces Plans To Launch First Ever Stablecoin

  New reports say China is exploring stablecoins after recent anti-crypto stance

• Dubia Approves First License For Options Trading on Crypto

  Laser Digital gains approval to offer first crypto derivative products in Dubai

• Tornado Cash Co-Founder Found Guilty in Legal Case

  Roman Storm has been found guilty on 1 of 3 charges for money transmitting

• Tom Lee Shares High Hopes For Ethereum’s Future

  Chairman of the largest ETH treasury says ETH may flip BTC in network value

• ETH ETFs Comeback Strong After Record Outflows

  ETH ETFs see net inflows again as BTC ETFs continue recent outflow streak

• Coinbase Reveals Plans To Raise $2B

  The popular U.S. exchange looks to raise $2B through private convertible notes

• Tokenized Stock Trading Begins To See Traction

  xStocks have surpassed $2B in trading volume as TSLAx reaches 10K holders

• Japan Looks To Launch Multiple Crypto ETFs

  SBI Holdings has filed for two crypto ETFs with exposure to BTC, XRP, & more

• State of Michigan Triples Bitcoin ETF Holdings

  Michigan Retirement System reveals 300,000 shares of ARK Bitcoin ETF

• Standard Chartered Highlights ETH Treasuries As New Investments

  The global bank says investing in ETH Treasuries may be better than ETFs

• Pump Fun Starts To Regain Market Share

  Token launchpad wars continue as Pump Fun re-flips LetsBonk in daily volume

• Real-World Assets Begins To Move Onchain

  The value of RWAs has recently skyrocketed with almost $25B now tokenized

• Bakkt Announces Plans For Bitcoin Treasury Company

  Bakkt will buy 30% of Marusho Hotta and rename the company “bitcoin jp”

• Philippines Blocks Access To Numerous Crypto Exchanges

  Crypto traders in the Philippines can no longer use Bybit, Kraken, OKX, & more

• Ripple CTO Says Company Has No Control of XRP Ledger

  Ripple responds to centralization allegations as CTO says they have little control

• Vibes TCG Introduces Stream Week

  Vibes creators will be streaming under the official twitch category starting today

• Pudgy Penguins Team Up With Holoworld For AI Content

  Pudgy Penguin holders can now access customized AI content using Ava Studio

• Ventuals Launches Testnet For Tokenized Private Markets

  Testnet is live on Hyperliquid as Ventuals looks to make private markets public

• Magic Eden Distributes Season 2 Rewards

  Magic Eden sends out 10M $ME to reward users for their Season 2 activity

• Art Blocks 500 Celebrates Generative Art History

  Art Blocks reveals collection of first 500 project with only 5 more remaining

• Abstract Announces New Campaign With Team Water

  Abstract releases limited time mint with 100% of proceeds going to charity

• Succinct Labs Goes Live With $PROVE Token

  Trading and claims are now open as $PROVE maintains $1B FDV out the gate

• Drip Trade Introduces New Token Standard

  ERC-H20 will be a new token standard allowing a hybrid approach to fungibility

• WeatherXM Shares New Way To Earn Rewards Through Weather

  The first weather app is live on Solana as users can view or report on weather

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