The Daily Flight🦉

• Stocks & Crypto Slide Lower as Markets Cool Off

  Bitcoin chops around $118K as alt coins & stocks see bigger losses on the day

• U.S. Marks Highest Monthly Tariff Revenue Ever Recorded

  The U.S. has found a rising source of income as July tariff revenue hits $28B

• Top 10 U.S. Stocks Account For 39% of Total Market Value

  The S&P 500 sees growing concentration as top 10 stocks see majority of gains

• U.S. Credit Card Debt Matches Record Highs

  Total credit card debt has hit $1.1T with an average monthly increase of $7.3B

• Oil Prices Jump As Trump Considers Sanctions on Russia

  Oil nears $70/barrel as markets prepare for a potential U.S. & Russia conflict

• Strategy Buys $2.46B Bitcoin Following Preferred Stock Offering

  Strategy has completed their IPO of STRC as proceeds go toward 21,021 BTC

• SEC Approves In-Kind Redemptions on Crypto ETFs

  Traders will now be able to redeem ETFs for the underlying asset & vice versa

• Kraken Looks To IPO at $15B Valuation

  The crypto exchange plans to raise $500M ahead of an IPO valued at $15B

• BitMine Immersion Reveals Updated ETH Holdings & New Stock Buyback

  The treasury company now holds $2.35B ETH with plans to buyback $1B BMNR

• 21 Capital Looks To Become Third Largest Bitcoin Holder

  The company will soon add an additional 5,800 BTC to bring holdings over $5B

• eToro Announces Tokenized Stocks on Ethereum

  Users on Ethereum will soon be able to trade public equities as ERC20 tokens

• BTCS Discloses $2B Raise To Purchase ETH

  The company has now filed an S-3 with plans to raise $2B for an ETH treasury

• ETH ETFs Extend Inflow Streak To 17 Straight Days

  ETH ETFs continue to see consistent inflows with over $5B in last 17 sessions

• Algeria Bans All Crypto Related Activity

  Algeria reveals new law that bans issuing, holding, or promoting crypto assets

• HyperLiquid Experiences Issues As Trading Gets Halted

  The popular DEX had a short downtime today as API servers cause brief panic

• U.S. Senator Introduces Bill To Recognize Crypto Assets For Home Loans

  Cynthia Lummis looks to grow crypto adoption with a new mortgage reform bill

• CoinDCX Denies Reports of Potential Coinbase Acquisition

  India’s top crypto exchange responds to acquisition rumors amid $44M hack

• Famous Investor Ray Dalio Calls For Shift Towards Bitcoin & Gold

  Dalio suggests 15% allocation to BTC & Gold as U.S. debt continues to grow

• Nasdaq-Listed Company Announces Rebrand To ETHZilla

  180 Life Sciences announces a new raise of $425M to create an ETH treasury

• Base Surpasses Solana in Daily Token Launches

  Base starts to gain traction as Solana loses top spot for first time in over 2 years

• AI Agent Spends $300K To Buy a CryptoPunk

  An AI called ribbita spent 89 ETH to buy a Punk to use as its onchain identity

• NBA Top Shot Launches Vending Machines in Japan

  People in Japan can buy Top Shot moments & export them to a mobile phone

• Yeet Crosses $300M in Lifetime Volume

  Yeet sees exponential growth as the casino hits $100M in bets over last 30 days

• Claynosaurz Hire Co-Founder of UglyDoll

  The multi-chain NFT brand has hired David Horvath to help grow the company

• Linea Reveals Tokenomics With Major Updates To Layer 2 Chain

  Linea adds native yield & fees burns as 22% of supply with be released at TGE

• OpenSea Team Shares More Details About Upcoming Rewards

  OpenSea CMO says past history matters but other behavior will affect rewards

• MetaMask Opens Pre-Orders For Metal Card

  Users can now purchase the MetaMask card and earn 3% cashback in USDC

• Popular Developer Reveals Upcoming AI Project

  Foobar introduces CircuitAI that allows AI agents to run on top of crypto wallets

• Play Solana Previews Pudgy Themed Game Console

  The gaming device powered by Solana teams up with Pudgy for a new release

• Memeland Teases Upcoming Product Release

  Moonit gains traction as Memeland promotes new launchpad with daily rewards

⬇️ Help us stay ad-free & share below! ⬇️